BODOG BLOCKING NETELLER FROM US RESIDENTS

[iggymcfly]

Wow, I am not liking the sound of this at all. I've been doing all my poker on Bodog lately and I've got about $20K in my account. Is there really danger of such a major book/poker room going broke? Especially one that's vowed to deal with US customers no matter what?

I really don't want to move my money off of there because the games are way better than they are on Stars and really 20K's about what I need to play 5/10 PLO. Last night, I had over 2/3 of my online money on the table. Also, if deposits are going to be made more difficult, I don't want it to take a month to figure out how to get that much money back online.

For the time being, I'm just going to leave my money in there (at least until the Super Bowl), but this is making me really, really uneasy.

[brendanb438]

Iggy after the Superbowl is when the shiat would hit the fan if it is going to.

Basically my advice to everyone here is if you can't afford to lose the money or have it tied up for worst case 18 months because of court cases or whatever then cashout until things settle down. I have cashed out about 75% of my roll and will cashout about half of what is left in the next 24 hours.

There will always be ways to get the money back to the sites that make it through this, there WON'T always be ways to get your money from the sites that don't make it through this.

-Brendan

[iggymcfly]

Well, by until the Super Bowl, I meant until a few days prior. I'm not going to still have my money online the day of the game.

And no, I can't afford to lose the money, but I'm also losing a primary source of income if I lose Bodog, and I'd really like to get a bunch of hands in now if I could. I'm going to hit the tables hard for the next two weeks, and I'll move my money out then if it's still considered to be a danger.

[Utah]

[ QUOTE ]
Iggy after the Superbowl is when the shiat would hit the fan if it is going to.

Basically my advice to everyone here is if you can't afford to lose the money or have it tied up for worst case 18 months because of court cases or whatever then cashout until things settle down. I have cashed out about 75% of my roll and will cashout about half of what is left in the next 24 hours.

There will always be ways to get the money back to the sites that make it through this, there WON'T always be ways to get your money from the sites that don't make it through this.

-Brendan

[/ QUOTE ]

I think this is correct. My view is that the industry will remain strong for a long time to come, but is likely to be smaller than what it is today. This doesn't really matter in the long term but it could create a short-term shakeout of the suppliers and you dont want to get caught in that. I am about 75% out now but I plan to be back in a few weeks after the superbowl unless something dramatic prevents that. I dont even think this is a US issue. I would do the same thing with my money if I lived outside the US.