What do poker sites do with bank rolls?

In these times of financial insecurity I was wondering whether people know what poker sites do with our bank rolls. An analogy can be made between banks en poker sites, in such a way that poker sites only have a certain percentage of the players' bank rolls liquid to function properly. So does anyone know what they do with it. Do they invest in bonds, stocks? Is it secured in a savings account? Are some sites more save than others?

to be safe, you should lessen your exposure online and withdraw some of your money to be safe. and yes some sites are safer than others. i'd stick with the bigger sites.

im a safe site, so stick with me

# Is my PokerStars account balance used for your operational expenses or is it kept in a separate account?
# PokerStars is proud that, under special banking arrangements, an amount covering the total of all players' account balances is held in segregated accounts, not used for any operational expenses. These segregated accounts are managed by one of Europe's leading financial services groups. These arrangements ensure that PokerStars can at all times fulfill its obligations towards its players, and provides further reassurance that players' funds are always secure with PokerStars.

financial services group? what is that, sounds like a hedge fund, why aren't they more specific...

Royal Bank of Scotland

What do you think they do with a large sum of money ? Invest it obv they won't put it asleep in some account in Europe...

On October 11 2008 09:02 Sheitan wrote: What do you think they do with a large sum of money ? Invest it obv they won't put it asleep in some account in Europe...

that is what I am afraid of...

On October 11 2008 09:35 Edjon wrote: Show nested quote + On October 11 2008 09:02 Sheitan wrote: What do you think they do with a large sum of money ? Invest it obv they won't put it asleep in some account in Europe... that is what I am afraid of...

This is done by pretty much anything you can deposit your money into and there's always the risk of them going broke.

I wouldn't be withdrawing my money from a Poker site because of it, though.

I dont think they would invest it, PS doesnt seem too stupid

a high-interest money holding account sounds about right though

like icesave

because of this crisis and with all that money, they are gonna acquire a couple of poker sites to increase their player base... just wait and see, FTP is gonna do the same too.

Icesave

LOL iceland is so fuckkkkeddddddd, im surprised you still have a working internet connection sir, is there anarchy in the streets yet?

Internet is now a scarce luxury and only the rich and famous enjoy hot meals and gasoline...The rest fight for whatever crumbs that fall of the rich ones table...

I'm one of the lucky ones since I had a bankroll, the value of the dollar has doubled in the last 2 weeks (seriously...doubled) so I'm doing good...


This is a seriously fucked up situation lol...running out of time now so I can't describe it properly...but it's fucked lol.

lol we were talking about Iceland in my econ class on friday and the prof summarized the situation by saying that the people of Iceland are "back to fishing" haha.

On October 11 2008 13:05 JoeDeertay wrote: lol we were talking about Iceland in my econ class on friday and the prof summarized the situation by saying that the people of Iceland are "back to fishing" haha.

lolol... y am i laughing at this...

yo wtf is up with Iceland did i miss something ?

On October 11 2008 13:32 Sheitan wrote: yo wtf is up with Iceland did i miss something ?

http://www.businessweek.com/the_threa...archives/2008/10/iceland_goes_ba.html

On October 11 2008 14:48 bane wrote: Show nested quote + On October 11 2008 13:32 Sheitan wrote: yo wtf is up with Iceland did i miss something ? http://www.businessweek.com/the_threa...archives/2008/10/iceland_goes_ba.html

This is a bid harsh...

The Icelandic government is not going bankrupt at all...
But the 3 leading banks pretty much are...and they are about 11 times bigger than the Icelandic GDP...

On a sidenote, the Gordon Brown is a huge idiot that's kicking us while lying down, trying to use the situation to gain political favor...fucking douchebag..

At times like it's sic weird studying business and economics in the university lol...my teacher was almost in tears yesterday talking about the situation, the main line being "I don't know what to say, what we're experiencing right now is something that isn't in any textbook there is..."

weird shit...

my uncle has a savings account in Iceland and the money has been frozen for quite some time now.

+ Show Spoiler +

of course they invest it, at least in not so risky projects, using an 7% per month invest will give them loooot of money

On October 11 2008 13:05 JoeDeertay wrote: lol we were talking about Iceland in my econ class on friday and the prof summarized the situation by saying that the people of Iceland are "back to fishing" haha.

hahahaha

On October 11 2008 12:17 Ket wrote: LOL iceland is so fuckkkkeddddddd, im surprised you still have a working internet connection sir, is there anarchy in the streets yet?

so russia is gonna stake iceland?

source herald tribune :
-Iceland has approached Russia about a loan of €4 billion, or $5.5 billion, to help see it through the crisis, but Haarde said no agreement had been reached-

-"There is a lot of fear in society and there are people who are losing everything," Bubbi Morthens, an Icelandic rock favorite, said Wednesday after singing at an impromptu midday concert in central Reykjavik intended to lift people's spirits.
Like many of his compatriots, Morthens did well when Iceland was riding high, accumulating considerable wealth. But when the government seized control of Iceland's third-largest bank, Glitnir, last month, Morthens said he lost his life savings, which he had invested in the bank's stock.

this is fk pathetic...GG.

Yeah it sucks for iceland that their bank managers were compulsive gamblers and their politicians let them go all in with an inferior hand, but hey that is what you get some times when you gamble

On October 11 2008 18:16 Zorglub wrote: Yeah it sucks for iceland that their bank managers were compulsive gamblers and their politicians let them go all in with an inferior hand, but hey that is what you get some times when you gamble

lol shut up you idiot...
You don't have any idea what you're talking about...

It'll be decided on tuesday weather russia is gonna stake us or not, I think the IMF is more likely though.

http://uncyclopedia.org/wiki/Iceland

i thought it was very accurate.

On October 11 2008 18:59 Hjorturkall wrote: Show nested quote + On October 11 2008 18:16 Zorglub wrote: Yeah it sucks for iceland that their bank managers were compulsive gamblers and their politicians let them go all in with an inferior hand, but hey that is what you get some times when you gamble lol shut up you idiot... You don't have any idea what you're talking about... It'll be decided on tuesday weather russia is gonna stake us or not, I think the IMF is more likely though.

cut ur losses and regrind 5nl, clearly your strategy isnt working.

On October 11 2008 19:07 Moffa wrote: http://uncyclopedia.org/wiki/Iceland i thought it was very accurate.

ROFL, shits hilarious

Iceland should put Iceland on e-bay.

+30°C African people pray the lord for colder days, Icelanders buy more freezers.

+15°C People from Spain use thick coats and a lot of socks. Icelanders are sunbathing.

+10°C France try everything to get heat from ovens and hair-dryers to start. Icelanders start digging

holes for their plants in their backyards.

+5°C Cars in Italy refuses to start. Icelanders go for road trips in their Saabs.

0°C Evian freezes. Water in Hvítá gets thicker.

-5°C People in California almost freeze to death. Icelanders grill for the last time before the harsh winter.

-10°C The Brits start to heat up their houses. People of Dalvik put their sunglasses on.

-20°C Street sellers start to flee from Mallorca. Icelanders end their midsummer festival. The Autumn has begun!

-25°C Greek people die from cold and vanish from the Earth. Icelander stop drying their clothes outside.

-40°C Paris begins vaporizing from the cold. Icelanders stand in line for hotdog salesmen.

-50°C Polar bears begin moving South. Icelandic coastguards stop their drill programs, in hope for real weather.

-60°C Mývatn freezes. Icelanders rent a movie and stay indoors.

-70°C Santa Claus moves South too. Icelanders gets annoyed because they can't keep their alcohol outside. Icelandic coastguards begin drilling programs again.

-100°C Even Yetis from Star Wars have gone extinct. This heat make Icelanders remember their first day of ice age.

-183°C Bacteria in food can't survive. Icelandic cows complain about cold handed owners.

-273°C All atoms stop from the cold! Icelanders start talking about cold weather.

-300°C Hell freezes! Iceland wins Eurovision! Emperor Björk confesses that she is an evil alien and tries to settle the island Canada.



LOLMAO ! Hilarious

On October 11 2008 21:06 SikLife18 wrote: Show nested quote + On October 11 2008 19:07 Moffa wrote: http://uncyclopedia.org/wiki/Iceland i thought it was very accurate. ROFL, shits hilarious

rofl a pic I found there

On October 11 2008 22:00 Sheitan wrote: +30°C African people pray the lord for colder days, Icelanders buy more freezers. +15°C People from Spain use thick coats and a lot of socks. Icelanders are sunbathing. +10°C France try everything to get heat from ovens and hair-dryers to start. Icelanders start digging holes for their plants in their backyards. +5°C Cars in Italy refuses to start. Icelanders go for road trips in their Saabs. 0°C Evian freezes. Water in Hvítá gets thicker. -5°C People in California almost freeze to death. Icelanders grill for the last time before the harsh winter. -10°C The Brits start to heat up their houses. People of Dalvik put their sunglasses on. -20°C Street sellers start to flee from Mallorca. Icelanders end their midsummer festival. The Autumn has begun! -25°C Greek people die from cold and vanish from the Earth. Icelander stop drying their clothes outside. -40°C Paris begins vaporizing from the cold. Icelanders stand in line for hotdog salesmen. -50°C Polar bears begin moving South. Icelandic coastguards stop their drill programs, in hope for real weather. -60°C Mývatn freezes. Icelanders rent a movie and stay indoors. -70°C Santa Claus moves South too. Icelanders gets annoyed because they can't keep their alcohol outside. Icelandic coastguards begin drilling programs again. -100°C Even Yetis from Star Wars have gone extinct. This heat make Icelanders remember their first day of ice age. -183°C Bacteria in food can't survive. Icelandic cows complain about cold handed owners. -273°C All atoms stop from the cold! Icelanders start talking about cold weather. -300°C Hell freezes! Iceland wins Eurovision! Emperor Björk confesses that she is an evil alien and tries to settle the island Canada. LOLMAO ! Hilarious

HAHA that's great...

Well..
now UK are taking over Royal Bank of Scotland...
what'll happen now to stars and other sites...
scary shit

you have a sourcre for that? thats serious news..

http://business.timesonline.co.uk/tol...anking_and_finance/article4449834.ece

some info

PS isnt with RBS anymore yay

they are in an Icelandic bank

On October 12 2008 09:08 Nazgul wrote: PS isnt with RBS anymore yay

You know where they are?
it really looks like pretty much every bank is going to hell, so one should be careful over the next couple of months...

I do agree with that and I think the people who say: They put it just in account or investment and get simply a yield of 7% are a bit naive or have not been watching the news the last couple of months...

On October 11 2008 18:59 Hjorturkall wrote: Show nested quote + On October 11 2008 18:16 Zorglub wrote: Yeah it sucks for iceland that their bank managers were compulsive gamblers and their politicians let them go all in with an inferior hand, but hey that is what you get some times when you gamble lol shut up you idiot... You don't have any idea what you're talking about... It'll be decided on tuesday weather russia is gonna stake us or not, I think the IMF is more likely though.

hahah that hurt your feelings? as recent as one year ago Iceland were big spenders buying up companies all over the world and now it turns out they never had the money to pay for them unless they got extremely lucky, I dont think all the people who are now going to get fired from their jobs or lose the money they had in the bank are crying in sympathy for your nations failed business adventures (gambles)

dbl post

http://www.guardian.co.uk/commentisfree/2008/oct/10/iceland-gordonbrown

Gordon Brown capped a tumultuous week for the country by using anti-terrorism laws to simultaneously seize some of its UK-based banking assets and legally castigate the Icelandic government for "totally unacceptable behaviour".

Unreal to abuse laws made after 9/11 against a "friendly" country. The Netherlands handled this situation a lot better.

zorglub are you just trolling? I can't believe you're this ignorant.

--- Nuked ---

The defensiveness comes from zorglub talking about the situation as it is in ANY way limited to Iceland...

We're seeing the excactly same situation with numerous banking institutions, for example Royal Bank of Scotland and many many many other...so it's imo idiotic to talk about the "icelandic gamblers" and some bs like that...

The devastating scale you're talking about comes from several reasons, mainly that the icelandic banks were/are far larger then the whole icelandic economy, secondly that Gordon Brown decided to use the situation to gain political following by using anti-terrorist laws to cripple Kaupþing, who had gotten the chance to try and stay afloat...

On October 12 2008 15:21 Hjorturkall wrote: The defensiveness comes from zorglub talking about the situation as it is in ANY way limited to Iceland... We're seeing the excactly same situation with numerous banking institutions, for example Royal Bank of Scotland and many many many other...so it's imo idiotic to talk about the "icelandic gamblers" and some bs like that... The devastating scale you're talking about comes from several reasons, mainly that the icelandic banks were/are far larger then the whole icelandic economy, secondly that Gordon Brown decided to use the situation to gain political following by using anti-terrorist laws to cripple Kaupþing, who had gotten the chance to try and stay afloat...

Where did you see me mention that this is in anyway limited to Iceland? you seem paranoid to defend your nation, I will let you in on a little secret, we had the same gambling guys in banks here in Denmark and one bank needed to be saved by the government and we all have to pay for their gambling habits.

its a gamble many people would take because if it works you get rich in stock options and golden handshakes and you get a great resume, and if it doesnt work well nothing really happens and we all have to pay for their losses. Only difference is that Iceland obviously took even bigger gambles than our banks compared to the national economy

iceland has the most beautiful women in the world i read

On October 12 2008 19:05 whamm! wrote: iceland has the most beautiful women in the world i read

Nope it's Montreal, Canada who has them. I've never seen so many hot females anywhere else and i travelled in whole Europe...

On October 12 2008 19:29 Sheitan wrote: Show nested quote + On October 12 2008 19:05 whamm! wrote: iceland has the most beautiful women in the world i read Nope it's Montreal, Canada who has them. I've never seen so many hot females anywhere else and i travelled in whole Europe...

did u go to iceland?

Its a known fact that Norway has the most beautiful girls

tokeweed, show em pics those girlz we have here to end the discussion!

On October 13 2008 03:42 Zorglub wrote: Its a known fact that Poland has the most beautiful girls

fyp

ya royal bank of scotland lost about 40% of their value in the last week alone. and the ordinary shares fell from about £5.60 to £0.60 since january 2007 lol. glad to hear that stars isnt with them anymore

On October 13 2008 06:17 SneakrFreakr wrote: ya royal bank of scotland lost about 40% of their value in the last week alone. and the ordinary shares fell from about £5.60 to £0.60 since january 2007 lol. glad to hear that stars isnt with them anymore

but WHERE are stars...since every bank in the world is collapsing....

lets e-mail stars asking o_o

ppl please stop talking about banks going bankrupt for once. fucking faggots

if you do that also ask which country has best looking girls

On October 11 2008 22:00 Sheitan wrote: +30°C African people pray the lord for colder days, Icelanders buy more freezers. +15°C People from Spain use thick coats and a lot of socks. Icelanders are sunbathing. +10°C France try everything to get heat from ovens and hair-dryers to start. Icelanders start digging holes for their plants in their backyards. +5°C Cars in Italy refuses to start. Icelanders go for road trips in their Saabs. 0°C Evian freezes. Water in Hvítá gets thicker. -5°C People in California almost freeze to death. Icelanders grill for the last time before the harsh winter. -10°C The Brits start to heat up their houses. People of Dalvik put their sunglasses on. -20°C Street sellers start to flee from Mallorca. Icelanders end their midsummer festival. The Autumn has begun! -25°C Greek people die from cold and vanish from the Earth. Icelander stop drying their clothes outside. -40°C Paris begins vaporizing from the cold. Icelanders stand in line for hotdog salesmen. -50°C Polar bears begin moving South. Icelandic coastguards stop their drill programs, in hope for real weather. -60°C Mývatn freezes. Icelanders rent a movie and stay indoors. -70°C Santa Claus moves South too. Icelanders gets annoyed because they can't keep their alcohol outside. Icelandic coastguards begin drilling programs again. -100°C Even Yetis from Star Wars have gone extinct. This heat make Icelanders remember their first day of ice age. -183°C Bacteria in food can't survive. Icelandic cows complain about cold handed owners. -273°C All atoms stop from the cold! Icelanders start talking about cold weather. -300°C Hell freezes! Iceland wins Eurovision! Emperor Björk confesses that she is an evil alien and tries to settle the island Canada. LOLMAO ! Hilarious

I thought that iceland was very green w/ plants and greenland was the icy island that is uninhabitable???

On October 13 2008 17:43 eightfourO wrote:I thought that iceland was very green w/ plants and greenland was the icy island that is uninhabitable???

That is almost true except 50.000 people live on greenland

On October 13 2008 17:49 Zorglub wrote: Show nested quote + On October 13 2008 17:43 eightfourO wrote:I thought that iceland was very green w/ plants and greenland was the icy island that is uninhabitable??? That is almost true except 50.000 people live on greenland

on the south side??

yes mainly but also some up the coast, no wonder they like alchohol

Crazy

Icelanders are welcome to come to Canada.


We welcome thee.

On October 11 2008 22:14 lebowski wrote: Show nested quote + On October 11 2008 21:06 SikLife18 wrote:   On October 11 2008 19:07 Moffa wrote: http://uncyclopedia.org/wiki/Iceland i thought it was very accurate. ROFL, shits hilarious rofl a pic I found there

rofl @ bjork

is dat shit real? it seems like it to me...