Min. Deposit rules....Cashout Rules..

Anyone notice that internet poker is really not suited for low limit players? Take Wsex for example. The min amount to open an account is 100.00..While this may not seem like a lot to the high limit player it sure is a lot to the player who plays .50/1.00/

Also Sites Like Party poker state that you must deposit 50.00 to open an acocunt. Why not 25.00 or even 10.00? Why push potential customers away?

Furthermore I would like to comment on Poker stars and paradise poker's 48hr rule to cashout. This rule should be abolished in its entirety. What good does it really serve the players to make them wait 48hrs from their last deposit to cashout? I think its a ploy to get players to lose their money and contribute more rake. The 48hr rule is both unfair and unjust. For example say player b deposits 50.00 on pokerstars. Than he/she wins 150.00 playing some games. Like most internet gamblers player b cant just not play for the next 48hrs when he/she can cashout. So because the software wont allow him/her to cashout they lose all the money they would have wanted to cashout because of ths rule.

We the players need to make known to these sites, that if they keep employing /forums/images/icons/confused.gif unfair tactics such as these that they will lose our buisness. It is my money what right do they have as to tell me when I can and cannot cashout?

Anyone else feel the same way??

[Jimbo]

You asked "Anyone else feel the same way??" My answer is no, if you are a big boy (or girl) you should be able to abide by the stated rules or at the very least be able to use a vast amount of willpower and not play poker for 48 hours. Perhaps have your mother tie you up and unplug your computer for two days, whatever it takes to get your money.

A good rule to follow in gambling is if you cannot afford to pay do not play. Another one is if you going to play learn the rules of the game before you begin. If you do not like the rules take your marbles and go home. I know this response sounds harsh but reread your post. It sounds like a little kid whining to his mother that daddy won't let me go outside and play.


Jimbo

Jimbo,

You didnt really address my question. My question was what reasons a site would actually employ such a tactic. Do you not agree that they do it in hopes that a player will lose all that money and pay more rake? If you disagree please state why.

Also I remember you stating how similiar internet and b^m poker was. In a real casino if I win they don't tell me that I have to wait 48hrs to get my own money. Because if real land based casnos did that they would not be in buisness.

So whats the difference??

I completely agree with the original poster. I like to play .5/1 and $50 does seem like a high minimum deposit amount. I also like to withdraw my money whenever I please without a waiting period. This is why I like to play at UB since they have a min deposit of $25 and no waiting period for withdrawals.

[crazy canuck]

I'm not sure, but I think the 48 hour rule is to discourage the usage of fake credit cards...so it's a good rule.

[Marat]

This is simple thievery tactics! They have 48 hours stupid rule, they send check in digital age etc.

I has withdrawal of $50 at Paradise. 9 days later I try deposit some money and surprise....they ask me.."Do you want cancel your check" ??

[Jimbo]

If the largest and most popular B&M casinos did this they would still be in business. In fact they do exactly this to their very best high rollers in the form of offered or withheld comps. If you stay here and play we treat you like royalty if you go elswhere the royal treatment ends. Haven't you heard about the increased rake charges at The Mirage? Many of the Vegas 10/20 players have moved "their" game to Mandalay Bay. They had this choice or to pay the increased rake but this does not spell the end of the poker room at the Mirage unless that is their intent to begin with. It just means this is a requirement to play in their game, if you do not like it please feel free to patronize another establishment (and don't let the door hit you in the ass on the way out).

To answer your question that may be a minor reason they hold your money 48 hours. If so that is fine by me, again you are an adult and if you cannot hold out long enough to cash out you would probably simply screw your money off somewhere else so why not at their poker room? I believe a major reason is Credit Card fraud protection or fraud in general. If you fail to pay whomever you transfer your money through to the poker room for any reason who do you think gets screwed? Paypal, netteller, Visa or MC? No way Jose it will be the cardroom. Do you think all these money transfers are free? Again the answer is no, so who pays? Again the cardroom! they deserve a right to be compensatatd for their expenses if they chose to do it by withholding withdrawals for 48 hours for additional interest or in the hope that you will lose all your money that is fair in my book.

It all comes down to the fact that you know this (or should know this) up front before beginning your transaction. You either abide by the rules or take your business elsewhere. If the business model is flawed economics will take over and they will either lose too many customers to stay in business or change their policies. If their business model is successful (as it appears to be) then they will stay in business, you will be unhappy and nothing else will change.

As for the deposit size requirement it is called "The economy of scale". You cost the casino as much or more to have as a customer as does a 15/30 player. As a good business decision why cost yourself more for less profit? The larger players cash out less often, pay more in rake and leave more money in their accounts on average. This is good business, nothing more and nothing sinister at all. I used to own a nightclub and charged a cover charge and 15% more for my drinks than my competitors. Why? To keep the .50/1.00 players out of my bar!! They are more trouble than they are worth and they have plenty of other places to drink. Perhaps they felt the same about me as you do about these poker sites but I did stay in business and made a tidy profit for 8 straight years. Guess there was no flaw in my business model!


Jimbo

I don't usually resort to name calling but your last post really makes me wonder about your intelligence. You say that the casinos would like to keep low limit players out and that low limit players are probly less beneficial than high limit players?

Have you actually ever been in a real casino jimbo? Because if you have you will see the majority of the casino is filled with slot machines. These slot machines arent 100.00 a pull slot machines either. 90 Percent of the slots a quarter and nickel slots that cater to mainly less rich people. The casino sees this as a goldmine and thats why most casinos cater more to low limit players than higher limit ones.

Your claims that casinos prefer so called wealthier players is completly absurd. I sure as hell hope you never run your own casino or buisness for that matter as it will probly go bust in a matter of weeks. Yea your bar was so successful and thats why now you are some old man who plays poker for a living lmao.

All I can say is that your logic is flawed, and your comments are rediculous.

I use paypal, which debits my bank account. I have never used a credit card. So why should this rule apply to me?

Don't try and jusify this bullshit 48hr wait time with your politics. All companies take risks. If they can't afford any risks than they should not be in business plain and simple.

[Jimbo]

I was referring to the differences between nline Poker rooms and B&M casinos, and yes if they made the same percentage on the nickel slot players as they do on poker players they would give them all the boot as well. You think a casino caters to slot players because they have a soft spot in their heart? They keep 20% of every quarter you drop in that one-armed-bandit. If an online poker room charged you 20% rake you would squeal like a pig.

Wise up before you show your complete level of ignorance.

jimbo

What are you talking about?? Who said anything about rake>?

You love to skirt the real issues dont you jimbo. Thats ok there is medication for your type of denial complex.

[GrannyMae]

Again the cardroom! they deserve a right to be compensatatd for their expenses if they chose to do it by withholding withdrawals for 48 hours for additional interest or in the hope that you will lose all your money that is fair in my book.

i'm pretty sure it is not to collect addl. interest.

i am also sure it is not in place in their hopes that you lose it all back (that would clearly NOT be good for business in the long run).

it is that way because of a combination of fraud prevention, and the fact that even though that paypal deposit "instantly" hits your paradise account, they have not actually had the money transferred to them yet. if they allowed a cashout within an hour of you buying chips, and the CC you used was stolen, then they are screwed. if they granted this cashout before that actually had their money from paypal, then you could screw THEM on the interest float (not that this amounts to much in terms of real $$ tho)

[crazy canuck]

Don't try and jusify this bullshit 48hr wait time with your politics
Smoke a fatty and chill out brother. Before then go to RGP...oh yeah and get a username or something.
I don't like the rule a lot either but it's not something that should bother you that much...unless of course you're gambling with your rent.

[GrannyMae]

Smoke a fatty

what does this mean? is it something Granny should do before her sessions?

/forums/images/icons/laugh.gif /forums/images/icons/confused.gif /forums/images/icons/laugh.gif /forums/images/icons/confused.gif /forums/images/icons/laugh.gif /forums/images/icons/confused.gif /forums/images/icons/laugh.gif /forums/images/icons/confused.gif

[crazy canuck]

LMAO /forums/images/icons/laugh.gif /forums/images/icons/laugh.gif /forums/images/icons/laugh.gif /forums/images/icons/laugh.gif /forums/images/icons/laugh.gif /forums/images/icons/laugh.gif /forums/images/icons/laugh.gif /forums/images/icons/laugh.gif /forums/images/icons/laugh.gif
Well, granny since you do some escorting, smoking a fatty might mean something different to ya.
But for the rest of us fatty can be associated with joint doobie, toke, cannabis, pot, marijuana. Has a very nice soothing effect...especially the ones obtained from the west coast. Overdoing it leads to to paranoia...and you'll think just like Russ (from RGP) and the worst kind of net kooks.
So to summarize YES DO IT before your sessions and tell me where you play so I can cheer you on. /forums/images/icons/grin.gif

You should shop around. Many sites are eager for your business and will accommodate the player. Just makes common business sense. Try these 2 sites:
1) ACR ($35 by phone, and I think lower with PayPal, just ask host)
2) Dynamitepoker (Minimum $10 with PayPal, and they have cashed me out on PayPal just a few hours after I deposited. Actually it was a refund of my deposit plus a few extra dollars that I had won)

[Daithi]

Here is my plan on combating this 48 hour withdrawl rule -- deposit $50 today. Over the next several years run that initial deposit up to several thousand in profits. Since I am not losing, and thus not making new deposits, I can take money out instantly if I so desire.

[Tom W. Dooley]

Answer this question:

Did you take the time to find out what the requirements were for withdrawing your money?

If you answered no:

Depositing money anywhere without taking the time to find out how and when you can withdraw it is not very smart.

If you answered yes:

Depositing the money anyhow and then complaining about it afterwards is not very smart.

Either way...........

TWD

What about fees on deposits? I think that one of the reasons for the 48h waiting period is to avoid too many cashouts & subsequent deposits. If there is no waiting period many players would cashout then deposit back. That is very costly to an online room, while b & m rooms do not have this expense.