Beat - The US Dollar

[XHitman014]

Man that Vietnam joke post was great.

Good job!!!!!

[Lori]

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Ok that makes more sense. Wouldn't it be easier just to put your BR in £ though anyway?

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It was for me, but my circumstances will be different to a lot of others.
If you want to play on FT because of rakeback or whatever, you're plaing in dollars.
It's not that there's no way out, just that it's a pain in the rear... it's a beat, not a disaster.

[Gullanian]

It can go up as well as down though, it's just another gamble.

In terms of petrol no we have not seen the effect since the price rose by almost 30% which gives you an indication of how mush our dollar has strengthened against yours in the past 10 months.

It doesn't bother me that much. As I have noted previously I dont' receive a lot of income from poker. And play primarily for entertainment value.

[Moonshine]

Not to go all "finance" on your ass in BBV or anything but the dollar declining is very good for the US and a strong Euro is not necessarily a plus for Euroland...

[Gullanian]

I don't think anyone knows if this is good or bad

[waveydavey]

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Can someone actually explain to me why this matters much to ms players? Or any poker players?

I mean, if it's that big a problem just move up a level to compensate for lost winnings, but we are only talking a few % here?

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When I started playing online the exchange rate was 1.45 or so, so if i won $1450 I got £1000 in my normal currency.

Now at 2.06, I get £703.88, so it's quite the pay cut.

I'm lucky enough that I moved into mainly using £ anyway, but to say it's not much difference is pretty silly IMO

<font color="white"> Lori </font>

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But you don't invest as much to make that same $ return do you? So your ROI should still stay the same. Assuming I don't completely suck at economics, which I probably do. [img]/images/graemlins/smile.gif[/img]

Still sucks though I guess because now you either have to play twice as many tables or move up to a higher stake, either of which you may not be comfortable with.

[bobman0330]

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it's grossly unfair to tax gambling winnings and not allow you to write off gambling losses against your tax bill.

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It's only really unfair for professional gamblers, and most pros shouldn't have losing years...

[AKA Squared]

Because I said we never lost anything. Yes, that's exactly what I said.

No, wait, you're an idiot, but that's okay. Just pile on and say any old nonsense. No one will care if it makes sense.

[AKA Squared]

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BTW, if there's any more domestic inflation than usual, I haven't noticed it.

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Hmm, I'm guessing that you don't eat or drive?

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Gas is DOWN compared to the summer.