For US players: risk you associate with your online bankroll
 

I plan on cashing some of my online bankroll out early next week given the current environment. I realize I have too much of my roll online. What risk do you associate with money on the following sites: Absolute/UB/FT/Stars/WSEX. I really don't worry about the sites not paying but somehow having US banks block the funds ...ie Neteller. I think the risk of this happening to paper checks etc..is small for the short term future. I know all are working on other deposit and cash out methods and I have signed up for Epass.

I assume my easiest method will be to have these sites send me paper checks and pay the extra cost for quick delivery.

A month ago I wouldn't have associated any risk with my online bankroll in these sites but now I think a small percentage of risk is probably accurate..(5%)

I know it's anyone's guess but do you foresee any problems in the short term future with cashing out of these sites?

Re: For US players: risk you associate with your online bankroll
 

I'd go with checks. Chexx, Inc. has already said that they will no longer be available for check printing as of today, however, PS have already clamied that getting another company is a simple process and I assume it will be the same for the rest of the big sites out there. I signed up for Epass as well, but am still waiting for the two micro deposits to hit my bank account. Even when they do, I am still concerned and hesistant in whether or not I should even mess with them. I think I'm going to wait for everything to play itself out for a while.

Re: For US players: risk you associate with your online bankroll
 

You should up your risk, IMO. I would say that keeping significant amounts of money on any site at this point in time is a fool's errand.

I trust the sites I use with my money, btw, it's the people between them and me that are the problem.

Re: For US players: risk you associate with your online bankroll
 

I agree...I do not play professionally, but I have a significant amount of money in bodog and ps and plan on waiting things out for a bit and trying not to panic. I figure my money is safer on the sites than anywhere else at this point

Re: For US players: risk you associate with your online bankroll
 

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I trust the sites I use with my money, btw, it's the people between them and me that are the problem.

[/ QUOTE ]

BINGO! This is what so many people here are failing to understand.

Re: For US players: risk you associate with your online bankroll
 

Yeah, I think there's a pretty reasonably high risk. My money's on Bodog so that's where I'm most concerned with, but I'd give about a 5-10% risk of something bad happening there. I've cashed out a ton from there, but I've been running well and I still have about 1/3 of my overall BR on there for the time being. I'm planning on just leaving it as the utility I'll have if I can continue to play there is probably worth more than the $1500 or so in equity associated with the risk.

Re: For US players: risk you associate with your online bankroll
 

Well both Ultimate bet and Absolute poker say they can not pay affiliates by check anymore. I would say the risk are incresing everyday that you may not be able to get money out of Poker rooms in the future. If epassport is shut down, you will have very few alternatives to cash out to the usa.

Re: For US players: risk you associate with your online bankroll
 

Heh funny before reading IG today I didn't really have a care in the world, after reading some of the threads in here i'm considering cashing out 1/2 to 3/4 of my roll now that it is in the low 5 figures.

Re: For US players: risk you associate with your online bankroll
 

[ QUOTE ]
Well both Ultimate bet and Absolute poker say they can not pay affiliates by check anymore. I would say the risk are incresing everyday that you may not be able to get money out of Poker rooms in the future. If epassport is shut down, you will have very few alternatives to cash out to the usa.

[/ QUOTE ]
You are incorrect, without a viable option for withdraw the sites will crumble shortly. The management would be foolish and deserve to be fired if they allowed no withdraw option. The effect and cause is irrelevant and Joe Shmoe could not give a care. If withdraws take longer than two weeks, mass hysteria will commence.

Re: For US players: risk you associate with your online bankroll
 

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If epassport is shut down, you will have very few alternatives in the short term to cash out to the usa.

[/ QUOTE ]

FYP

It's a multi billion dollar industry, someone less vulnerable will fill the void.

Re: For US players: risk you associate with your online bankroll
 

[ QUOTE ]
[ QUOTE ]

I trust the sites I use with my money, btw, it's the people between them and me that are the problem.

[/ QUOTE ]

BINGO! This is what so many people here are failing to understand.

[/ QUOTE ]

That's why poker sites should have an ABSOLUTE policy that if you show up at such-and-such place (e.g. a certain bank in Geneva, Switzerland) with a passport ID and can answer your account's security questions, you have an absolute right to be given your money in cash.

Now, a lot of people would just decide to keep their money in the account without going to the trouble. But the absolute right to withdraw your money in cash has to be there, IMO or I would not keep any large amounts online.

Re: For US players: risk you associate with your online bankroll
 

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Withdraws take longer than two weeks, mass hysteria is commencing.

[/ QUOTE ]

Re: For US players: risk you associate with your online bankroll
 

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Well both Ultimate bet and Absolute poker say they can not pay affiliates by check anymore.

[/ QUOTE ]

Huh? My money goes directly into my site account for both of these sites, why would they need to cut the affiliate a check?

Re: For US players: risk you associate with your online bankroll
 

From Ultimate bets affiliate web site:

Due to new banking restrictions, UB will not be issuing affiliate payments via check. If you have selected check as a payment method, then please use your player account or ePassporte account as a means of receiving your monthly affiliate payment instead.

Re: For US players: risk you associate with your online bankroll
 

I assume peer to peer transfer will always be an option again. Have someone cashout and send you a check from Canada etc...I don't think it will ever come to this...worst case I think sites will ban US players but still have some type of method to cash out. Maybe just wishful thinking....That all said I will still be looking to reduce my online roll once confirmation that sites have other companies outside of Chexx processing them. Anyone have info on Absolute? I emailed but they just stated the 3 options to cash out and made no reference to what processor they use even though I asked about Chexx in the email.

Re: For US players: risk you associate with your online bankroll
 

Absolute's response about Chexx Inc.


Thank you for contacting us.

We'll keep processing checks , with no problem, just make your request and we'll
be more than glad to get it processed for you.