cashing out

[Tomatoes]

The following quoted text is from http://www.playwinningpoker.com/online/poker/

"Cashing Out and Your Internet Bankroll
Another artificial problem the online cardrooms create out of necessity involves cashing out. Suppose you have carefully charged up a $1500 bankroll, and you have won $800 in a week. Not bad. You want that $800 in your pocket and you want to make another similar amount the next week. Well, you can't do it. The cash out rules require you to first pay back your original deposit method, and then get sent your profit. So, to get your $800, you have to pay off that $1500 you sensibly charged up, leaving you with a zero bankroll [ballance?]. It's a bit complicated, but in essence, cardrooms require winning players to play on their profits, not on their credit cards."

Have any of you experienced this? I don't get it; how can the casino know if you have paid off your credit card?
What if I want to take $1500 from the casino (leaving the $800) and pay off the credit card. It doesn't make any sense (from the casino's point of view) for them to stop me from doing this and of course they should have no right (legally or otherwise) to try and stop me from doing it. wtf?

[kindling]

I know that stars requires you to withdrawal to the source of your latest deposit, up until the amount you deposited. All winnings above can be withdrawn to whatever methods you have available.

This is partly in order to prevent fraud, so that a hacker can't easily deposit from your card, and withdraw to his.

Other sites may have different policies and procedures, of course.

[KurtSF]

It makes no sense. Ignore it.

-Edit-
[ QUOTE ]
I know that stars requires you to withdrawal to the source of your latest deposit, up until the amount you deposited.

[/ QUOTE ]

If this is what they were talking about they sure made a mess of it.

[Majik]

I didn't read the article, so I don't know if your quote has been taken out of context but I'm only replying to your quote now.

In short, the quote is just full of crap and is probably just a misunderstanding from the author which would incline that he's not too well travelled in the lands of online gaming.

I'm guessing that he might be referring to some sites credit card fraud protections. In short, this means that if you deposit $1500 via your creditcard you can't withdraw any money to any other form of cash out optione (such as NETeller, Moneybookers etc) before you have cashed out your original deposit amount (in this case $1500) back to your credit card.

So say you deposit $1500 with your VISA. You win $800 so you have $2300 in your account. You want to withdraw your $800. You can only withdraw this back to your VISA, and not to NETeller or whatever. So after your withdrawal your balance is at $1500 again. Say you want to withdraw $1000 more out of those. $700 will have to be withdrawn to your VISA (you have then withdrawn $1500 back to your visa), and you will be able to withdraw the other $300 to any other deposit method.

Some sites such as PartyPoker allow you to deposit via VISA, play a number of raked hands and then be eligible to withdraw to the method of your choice. I think it's <deposit amount>*0,25 number of hands. So you if you deposit $1000 you need to play 250 raked hands and then your $1000 you deposited via VISA can be withdrawn with any method.

[cardcounter0]

I have no idea what you are ranting about.

The only restriction is most sites require the cash out to occur via the method you deposited with up to the amount of the deposit.

You deposit $500 via credit card, they will want to charge back to your credit card the first $500 worth of your withdrawls, before you can request alternative methods of withdrawl like a check.

This is for security purposes, you cannot steal a credit card, deposit on a site, then request a withdrawl of a check (which would be good) for the amount. The site will want to send the money back to the credit card.

Oh and one last thing, since it is obvious you are new:
"they should have no right (legally or otherwise)"
Get this out of your head immediately if you are going to play online. There are no rights associated with poker. You have no poker rights. Legally, you are dealing with offshore corporations, so you don't have much of a legal leg to stand on, either.

The sites make the rules, if you don't agree with them, don't play. Don't depend on "rights" or "legally" to have what is "right" happen. Only deal with trustworthy sites, that have built a good reputation, and show a track record of good customer service. You have no rights, or laws, to protect you, so avoid problems by doing business with sites that show they are going to act honestly because they are in business for the long haul profits, derived from loyal long term customers.

[mattw]

cc0,

good informative post. its so nice to read without hate or sarcasim.

[Tomatoes]

[ QUOTE ]
I have no idea what you are ranting about.

[/ QUOTE ]
I think we are in agreement there.
But I'm curious; at what point did my question seem like a "rant"?

[ QUOTE ]
Oh and one last thing, since it is obvious you are new:
"they should have no right (legally or otherwise)"
Get this out of your head immediately if you are going to play online. There are no rights associated with poker...

[/ QUOTE ]
I don't think it's neccessary to quote the rest of this "rant".
Notice the use of the word "should" by me. You even quoted it. Go back and read it one more time, maybe you'll get it this time.

Who pissed in your Cornflakes this morning?
I will not reply to you again (unless you submit an apology). You are wasting everybody's time with posts like this. And you have 5260 posts! Maybe you are just having a bad day.

[cardcounter0]

[ QUOTE ]
Notice the use of the word "should" by me.

[/ QUOTE ]

You should go [censored] yourself.

[KurtSF]

I thought cardcounter's "rant" should be stickied. Level-setting expectations with poker sites would make a hell of a lot fewer pissed off players.

[Bigflopdaddy]

What a load of crap! Either find a better site to learn from or quit spamming for a crap site.
Talk about useless article! So are some of the others on there look at this


Poker is a thinking person's game. When bets are made without thinking, either by bad players or when "forced" via game rules (as blinds or antes), this is the fundamental money at stake in the contest. Thoughtful play must significantly focus on the bets that are made thoughtlessly. Attack the bad players, and attack the blinds. Thoughtful players have an edge over semi-thoughtful players, but thoughtful players have enormous edges over bets made without thought (again, either by thoughtless/bad players or by any player because they are forced by the rules to make the bet).

Wow that will really help a beginner.

Stick to the beginners and some of the strategy forums here or go to any number of other sites with forums were serious players discuss information.
Try to stay away from the sites that have nothing but some crap articles and few site reviews and mostly just affiliate links