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View Full Version : BWing in British pounds

jaustin
05-04-2006, 01:10 PM
All of the sites on the B2B network seem to use British pounds (vs. USD) as their currency. For those of you who are using American dollars, how does this affect you? Does the poker room do the currency conversion for you? Do I have to deposit and play with pounds and just figure out the conversions myself?

Also, on BW, the conversion rate is listed as 1 GBP=1.2 USD, but on currency exchange websites I se the rate as 1 GBP=1.844 USD. Why does BW have an inaccurate rate listed?

How do you guys deal with the GBP websites and do they pose you any problems?
OrianasDaad
05-04-2006, 01:23 PM
That's because it's Euros and not GBP.

http://www.google.com/search?hl=en&lr=&safe=off&q=1%E2%82%AC+to+%24
jaustin
05-04-2006, 01:28 PM
ahhh, why thank you.

Still, my other questions remain. How does this affect the whole process?
Steve Schmitty
05-04-2006, 01:58 PM
Say you are clearing a 50 pound bonus. You deposit 100 dollars, which will be converted into the casino as like 54 pounds. You clear it and break even, giving you a total of 94 pounds. Withdrawal back to neteller or whatever, and you will have about 174 dollars. It makes the bonus a little more lucrative.
Lifthanger
05-04-2006, 05:57 PM
neteller isn't taking fees for conversion anymore?
I thought they did, but never tried it actually.
Always wondered and ignored the european casinos because of this. Could someone set this straight?
thanks.
fluff
05-04-2006, 06:02 PM
[ QUOTE ]
neteller isn't taking fees for conversion anymore?
I thought they did, but never tried it actually.
Always wondered and ignored the european casinos because of this. Could someone set this straight?
thanks.

[/ QUOTE ]

Neteller charges 1.9% currency conversion fee each way.
Lifthanger
05-04-2006, 06:06 PM
thank you. good to know... and it's small enough to make the bonus usable.
MandM_WSU
05-04-2006, 06:20 PM
I like the £1/£2 games on Crypto. They're just as easy to beat as the $1/$2, but your wins (and loses for that matter) are much bigger. Plus you'll also see the difference in your MGR if you are doing rake back.
PokerAmateur4
05-16-2006, 12:56 AM
[ QUOTE ]
[ QUOTE ]
neteller isn't taking fees for conversion anymore?
I thought they did, but never tried it actually.
Always wondered and ignored the european casinos because of this. Could someone set this straight?
thanks.

[/ QUOTE ]

Neteller charges 1.9% currency conversion fee each way.

[/ QUOTE ]
Oh snap, so when whoring at Littewoods that plays a big role. I use to bet large amounts but it seems like this may cost me value since I am more likely to withdrawl a large amount. But then again, I am more likely to withdrawl nothing... What's my play? Does it matter the amount I bet in reagards to EV?