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#12
10-04-2006, 06:30 AM
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Re: UK / Non-American Poker Pros
Which sites would you guys consider safe to have money on at this time? I'm from Sweden, been playing on Titan as of late, lots of fish there. But I have withdrawn my cash for now as they didn't give me a clear answer to my email on what they thought about the legislation and the affect it would have on them.
Do you think that there is any risk of any site going down/running away with your money? 
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#13
10-04-2006, 06:42 AM
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Re: UK / Non-American Poker Pros
[ QUOTE ]
I'm a european Pro too. My guess is, that if you can afford to lose 50-80% of your winrate, you'll be fine. Otherwise consider a Plan B. [/ QUOTE ] 50-80% is way too high in my opinion. If you just played at party for the last 5 years then maybe you are worried but there are lots of sites and lots of european fish out there. The only issue will be if there is a purely mass migration of US "sharks" onto the sites without the fish.
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#14
10-04-2006, 06:45 AM
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Re: UK / Non-American Poker Pros
[ QUOTE ]
I'm a european Pro too. My guess is, that if you can afford to lose 50-80% of your winrate, you'll be fine. Otherwise consider a Plan B. [/ QUOTE ] It seems that a good portion of the Americans on the popular European sites were multitabling TAGs or bonus whores. I anticipate that the games will stay the same, if not get better at the small-mid stakes levels. The tight sites will be the Full Tilts and UBs, if they continue accepting US players. Party, Crypto, Tribeca, B2B should all remain decent sites, although it might be tougher to 8 table.
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#15
10-04-2006, 06:53 AM
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Re: UK / Non-American Poker Pros
[ QUOTE ]
[ QUOTE ] I'm a european Pro too. My guess is, that if you can afford to lose 50-80% of your winrate, you'll be fine. Otherwise consider a Plan B. [/ QUOTE ] It seems that a good portion of the Americans on the popular European sites were multitabling TAGs or bonus whores. I anticipate that the games will stay the same, if not get better at the small-mid stakes levels. The tight sites will be the Full Tilts and UBs, if they continue accepting US players. Party, Crypto, Tribeca, B2B should all remain decent sites, although it might be tougher to 8 table. [/ QUOTE ] Enough US sharks will find loopholes to play at Party to make the games pretty dry, while the fish won't take the hurdles.
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#16
10-04-2006, 08:28 AM
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Re: UK / Non-American Poker Pros
The best players will still make money, this just hurts the players who only only won because they beat the average fish. I don't worry about still winning money, the quantity concerns me a bit.
Look at the bright side, the sunday tournaments will be less bingo =)
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#17
10-04-2006, 08:36 AM
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Re: UK / Non-American Poker Pros
FWIW - I'm not a pro, but I do play low limits as a "second job"
Log onto a cryto, they've already barred the US players. Games still look fine to me, in fact if anything the 1/2 and 2/4 looks to be a little looser than it was last week! Mat
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#18
10-04-2006, 08:40 AM
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Re: UK / Non-American Poker Pros
[ QUOTE ]
The best players will still make money, this just hurts the players who only only won because they beat the average fish. I don't worry about still winning money, the quantity concerns me a bit. Look at the bright side, the sunday tournaments will be less bingo =) [/ QUOTE ] I never said the games will get unbeatable. Over the last 80K hands I ran like 180$/h while 3-4 tabling and I am prepared to grind for like 40-90$/h for the the next few years to come. And I would be glad, if this even was guaranteed.
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#19
10-04-2006, 09:02 AM
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Re: UK / Non-American Poker Pros
[ QUOTE ]
[ QUOTE ] [ QUOTE ] I'm a european Pro too. My guess is, that if you can afford to lose 50-80% of your winrate, you'll be fine. Otherwise consider a Plan B. [/ QUOTE ] It seems that a good portion of the Americans on the popular European sites were multitabling TAGs or bonus whores. I anticipate that the games will stay the same, if not get better at the small-mid stakes levels. The tight sites will be the Full Tilts and UBs, if they continue accepting US players. Party, Crypto, Tribeca, B2B should all remain decent sites, although it might be tougher to 8 table. [/ QUOTE ] Enough US sharks will find loopholes to play at Party to make the games pretty dry, while the fish won't take the hurdles. [/ QUOTE ] This is the point, the US fish and n00bs will stop playing, the army of TAG Multi tablers will find a way around it. Games will be dryer!
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#20
10-04-2006, 09:18 AM
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Re: UK / Non-American Poker Pros
Not sure you won't have some other effects. France is actually also following the internet gaming is illegal line and arrested two Austrian executives from BWin. Italy I seem to recall has a state sponsored site and considers all others illegal. Asia is starting to pursue illegallizing internet gaming, especially China, which has the means to enforce it through their internet censorizing system, and has the secondary problem that there is limited credit card use. Canada has the a similiar situation to the US murky legality, which the government could choose to pursue, and the structure of the internet ISP address system may make it very difficult for companies to continue to accept customers from Canada. I hate to be the voice of doom, but some of the companies are not going to survive. They will have to cash out all their American customers, which will be an enormous drain, they all have current debt overhang, their business models are built on having the American market, and their current lenders are unlikely to have much tolerance for new loans to explotate markets of questionable legality. The biggest problem is how the financial markets will see this situation. Will the investment banking people still be willing to put money into internet gaming, even though some people will have lost alot of money. Usually when an industry takes a bath like this as a groups, (i.e., the tech crash), they can be if anything overcautious about reinvesting. I know there are some private equity firms, like the folks that bought Harrah's, that are looking for distressed industries they can buy up on the cheap, and they may buy up the industry on the cheap if they think there is still enough value in the financials. People will quickly put a premium price on the few European facing sites as buyout targets. A few will survive, there will be consolidation, and maybe some new smaller players with less debt overhang, but I don't think everyone will make it. You can check out the link for how the markets are reading it. Don't want to cause panic, but if anyone has a large alot of money in their account, I'd cash it and would suggest caution while it all sorts out. In the meanwhile, a site that is independantly owned, (no American equivalent), and has always only accepted Europeans is the safest if you need to keep a large balance. http://www.canada.com/nationalpost/finan...e09e&k=9340, http://www.courierpostonline.com/apps/pb...0/1003/BUSINESS
http://www.paktribune.com/news/index.shtml?156076 http://www.azcentral.com/news/articl...mbling-ON.html http://today.reuters.co.uk/news/articleb...SURE-GAMING.xml
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