Huge Bankroll question

[thebroker]

You know the $25-$50 game at UB plays pretty deep some nights. I've seen piejay with $80k plus spread over 3 tables before. I know that GOG has had 100k on a table. My qustion is where do these guys keep all that money. They surely don't allow UB to hang on to 100k all the time, do they?

[fsuplayer]

i would keep 5-7 buy ins on UB, and keep another several on neteller.

i have no idea what these guys do however.

[matt berkey]

What about taxes? With sums of money that deep being transferred back and forth I would assume the gov. would want a chunk of change. Do these guys pay?

[TheWorstPlayer]

[ QUOTE ]
What about taxes? With sums of money that deep being transferred back and forth I would assume the gov. would want a chunk of change. Do these guys pay?

[/ QUOTE ]
Is this a joke? Obviously no one knows the answer to this question and if they did, they wouldn't tell you.

[BluffTHIS!]

Why wouldn't they keep such a sum of money on UB or another of the top 3 or 4? They are reputable sites and if they folded and kept your money that is not as big a loss as the opportunity lost to keep earning such sums. I keep well over $10K each on multiple sites just to play 15-30 and pot and no-limit holdem and omaha, and if I wanted to play that big game would consider that 50K would be the min to keep on UB if I wanted to be able to play that game.

[exeph]

The cost associated isn't just the risk of the site folding, you're also losing out on potential returns if that money were invested. It sucks to have a bunch of money sitting there doing absolutely nothing for you.

[rwperu34]

I think thier return on this money is measured in big blinds per hour.

[Shaun]

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The cost associated isn't just the risk of the site folding, you're also losing out on potential returns if that money were invested. It sucks to have a bunch of money sitting there doing absolutely nothing for you.

[/ QUOTE ]

Poker is the best investment there is.

[MediaPA]

Is it better to have the money in a bank account somewhere making 3-6% annually (10-20% with good/very good investments)?

Let's say they just keep 100,000 online. If they make 15% ($15,000) in a year (hobby player), they are doing as well. I think this is very doable for a good player. Add in the fact that this is how some people choose to make there living or spend their time and the loss of interest elsewhere wouldn't even be a factor. A good player let's say manages 1k average a day. That's a nice salary.

Only my opinion.

[fsuplayer]

the guys who survive in that game are making way, way way more than that.