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Old 10-09-2005, 12:30 AM
Jorge10 Jorge10 is offline
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Join Date: Feb 2005
Posts: 60
Default Re: New Party Poker (minus the skins)

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Also, I am none to pleased by the "technical difficulties" currently being experienced by the eurobet cashier. I have a bad feeling about this.

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Same here.

Here this will help, its from a gambling website.

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You are taking a risk when you send your money to an offshore casino. You are taking less risk when you send money to casinos that put all customer deposits into escrow accounts at banks. You are taking less risk when you send money to casinos located in England or Australia, because those jurisdictions have better laws controlling casinos. You are taking less risk when you send money to a casino that publishes quarterly income statements and balance sheets, provided the casino is making a profit and has more tangible assets than liabilities.

If you send money to a casino that does not put customer deposits into escrow, then your deposit is a short-term loan to that casino. The casino uses your deposit to pay bills and to cover withdrawals by other customers. If you withdraw money, the casino will pay you out of new deposits being made by other customers. This system is fine as long as the casino is making a profit; but if it is operating at a loss, it is indistinguishable from a Ponzi scheme. When a Ponzi scheme does not attract enough new deposits to cover withdrawal requests, it implodes, leaving little in the way of assets to distribute to customers.



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