Canadian Online players...especially playing Party

slim · #1 09-26-2007, 06:53 PM

A couple of yrs ago a winning Candian online player was getting 1.3x exchange plus 30% rb from Party. Soon we'll be winning only 90cents on the dollar and no rb. Anyone thinking of quitting over this? I'm seriously thinking about it or at least playing very seldom. I know there are other sites with RB but it's just not as fishy as Party.

cardman · #2 09-26-2007, 07:00 PM

I want Party to allow rakeback again, those cheap [censored]. Anybody have any ideas the likelyhood of this?

slim · #3 09-26-2007, 07:12 PM

almost zero?

teddyFBI · #4 09-26-2007, 07:22 PM

the exchange rate has nothing to do with anything -- it just means you're playing at slightly lower stakes than you used to be. (at least if you never have to deposit)

slim · #5 09-26-2007, 07:29 PM

[ QUOTE ]
the exchange rate has nothing to do with anything -- it just means you're playing at slightly lower stakes than you used to be. (at least if you never have to deposit)

[/ QUOTE ]

If you are a winning player at a rate of 2BB/100 playing 10-20....then you're making 40 bucks an hour which used to be 50 bucks an hour Canadian. When the US drops to 90 cents then we will be making 36 an hour. Assuming 100 hds an hour. No?

Lordy · #6 09-26-2007, 07:39 PM

How does this have anything to do with Party ?

DarnGoodPoker · #7 09-26-2007, 07:42 PM

[ QUOTE ]
[ QUOTE ]
the exchange rate has nothing to do with anything -- it just means you're playing at slightly lower stakes than you used to be. (at least if you never have to deposit)

[/ QUOTE ]

If you are a winning player at a rate of 2BB/100 playing 10-20....then you're making 40 bucks an hour which used to be 50 bucks an hour Canadian. When the US drops to 90 cents then we will be making 36 an hour. Assuming 100 hds an hour. No?

[/ QUOTE ]
Yes and no.
You're $ per hour is correct. Your stakes are incorrect.
You are actually playing 9/18 not 10/20 if you are going to convert to Canadian dollars... (At a rate of U.S$ = $.90)You must compare apples to apples
(or Canadian $ to Canadian $ in this case)

JOHNY CA$H · #8 09-28-2007, 12:49 AM

[ QUOTE ]
[ QUOTE ]
the exchange rate has nothing to do with anything -- it just means you're playing at slightly lower stakes than you used to be. (at least if you never have to deposit)

[/ QUOTE ]

If you are a winning player at a rate of 2BB/100 playing 10-20....then you're making 40 bucks an hour which used to be 50 bucks an hour Canadian. When the US drops to 90 cents then we will be making 36 an hour. Assuming 100 hds an hour. No?

[/ QUOTE ]

You're absolutely right, Canadian players are making less CDN $ on avg than we were 6 months ago. I think a lot of ppl are having trouble wrapping their heads around people in other countries trading in different currencies. The US $ profit is the same, but that equals a lot less in CDN $, and seeing as prices in Canada have yet to adjust, our real purchasing power has decreased.

razarcrius · #9 09-27-2007, 08:18 AM

[ QUOTE ]
A couple of yrs ago a winning Candian online player was getting 1.3x exchange plus 30% rb from Party. Soon we'll be winning only 90cents on the dollar and no rb. Anyone thinking of quitting over this? I'm seriously thinking about it or at least playing very seldom. I know there are other sites with RB but it's just not as fishy as Party.

[/ QUOTE ]

Retard alert.

Unless you have not cashed out since 2001 this should have no impact on your bankroll.

NL__Fool · #10 09-27-2007, 11:55 AM

[ QUOTE ]
Retard alert.

Unless you have not cashed out since 2001 this should have no impact on your bankroll

[/ QUOTE ]

Actually it does in a sense, maybe it doesn't directly effect your bankroll but it does directly effect the earn rate of a player.

I've been playing for a livng online for over 3 years now.
If I won 100K 3 years ago, that would be around 130k-140K Canadian with the exchange rate (forget about rakeback for now)

Today if I won 100K American I would only get $99,410 Canadian with the exchange rate currently been given by PokerStars.

If my hourly rate didn't change I just took a 30K-40K pay reduction.

For americans it makes absolutely no difference

Also it's not quite as easy as saying just move up and make more money as eventually everyone will hit a limit where you plateau. Thre will be a point where moving up makes no sense as your hourly rate is better at the lower limit you are at now.

This doesnt even include bonuses. I will hit the 500K milestone on Stars in about a week. 3 years ago that would have been worth $6,500 Canadian to me, at todays rates It will be worth $4,970