33 replies to this topic

[buck10957]

Just wondering how many of you are going to cashout due to the new law. Correct me if I'm wrong, but it seems like we still have the 270 day period before the regulations are put into effect to play without having to worry that we won't be able to get our money back.

[ford0067]

buck10957, on Tuesday, October 3rd, 2006, 6:46 PM, said:

Just wondering how many of you are going to cashout due to the new law. Correct me if I'm wrong, but it seems like we still have the 270 day period before the regulations are put into effect to play without having to worry that we won't be able to get our money back.

Unfortunately I am considering it

[cuddlemonkey]

I'm slightly more charitable. I'm actually in the process of letting others take it in a series of well planned bad beats and lost coinflips.

[AcesOnFire]

cuddlemonkey, on Wednesday, October 4th, 2006, 4:00 AM, said:

I'm slightly more charitable. I'm actually in the process of letting others take it in a series of well planned bad beats and lost coinflips.

Haha +1

[Rusty266]

buck10957, on Tuesday, October 3rd, 2006, 6:46 PM, said:

Just wondering how many of you are going to cashout due to the new law. Correct me if I'm wrong, but it seems like we still have the 270 day period before the regulations are put into effect to play without having to worry that we won't be able to get our money back.

Technically the law goes into effect when its signed, but I wouldn't worry about getting your money back from any major site. The longer you go into the 270 day period however, the more regulations and restrictions you may encounter. My concern is cashing out before the banks are provided any type of those regulations or restrictions, whatever they may be.

[usernametaken]

will the banks still be able to take a check, or will you not be able to even cash out period in the U.S.

[Hoosierdaddy]

I'm not worried about getting it from a poker site, I'm more worried about getting it from Neteller if my bank blocks them before the 270 days. I wonder if/when they block Neteller, if its just sending money to them, or all transactions.

[yourboygsarida]

cuddlemonkey, on Tuesday, October 3rd, 2006, 8:00 PM, said:

I'm slightly more charitable. I'm actually in the process of letting others take it in a series of well planned bad beats and lost coinflips.

shooot and i thought I was the only one who was gonna use this plan. mine does have a slight modification though and that would be sticking it in preflop with a big pair against a better one. hope yours is going as well as mine is.

[Suited_Up]

cuddlemonkey, on Tuesday, October 3rd, 2006, 10:00 PM, said:

I'm slightly more charitable. I'm actually in the process of letting others take it in a series of well planned bad beats and lost coinflips.

You're way behind the curve....I did this months ago in anticipation of this happening.Well before the Senate trickery, and long before the House ever got wind of this.I'm the originator.

[kmak]

Opened a FTP account today with a moneygram - sent money to a random name in Nicaragua. Don't intend to link to Neteller or any bank account, I'll take good old fashioned paper checks to get my money out. Can't see how that can be stopped?

[Hoppie13]

Im mostly on SunPoker. Their finacial institution has decided to close immediately. Thus all US players can not play anymore. Are other sites still taking deposits? PS, PP, UB, FCP, FT.

[FourFlusher]

I have very little to lose...and, I'm just learning NL...it's too much fun to quit now.

[gsxraddict]

the bill doesn't say its illegal to withdraw money from gambling sites?Im keeping my bankrolls online; I have to keep making money.

[Waffles2003]

took half of my bankroll out. Can always put it back later if things turn out good. Better safe than sorry.

[cuddlemonkey]

Suited_Up, on Tuesday, October 3rd, 2006, 10:34 PM, said:

You're way behind the curve....I did this months ago in anticipation of this happening.Well before the Senate trickery, and long before the House ever got wind of this.I'm the originator.

If I had to pick one person to emulate, I could have done a lot worse.Could have done a lot better, too, but this isn't bad.

[strate]

You can still withdraw, but id take moeny off of party. and they are not stopping neteller, at least not yet.The banks would obviously want to keep it open as it brings them a ton of money. The sites with more gambling, like blackjack adn roullette, i.e. Partypoker, are the ones with the bigger problems.Stars will likely continue to accept US players and so will FTP and truepoker, gamesgrid and the smaller ones will more than likely continue as well.anyway keep it updated with the new crap that the senate is dropping on us

[Pack149]

Im leaving a couple hundred on Absolute and Pokerstars for now. The rest I am leaving in my FirePay account until something concrete comes out for them

[ROGUE06]

I am slowly in the process of withdrawing my bankroll. I will continue to take out my limit thru neteller of $600 every few days until I have less than $600 left to play with and I figure is a good amount for when it's time to bail. My money is already off Party and slowly leaving Stars. Gonna leave a lil on Bodog and possibly Stars or Full Tilt.

[BoBetter]

I'm all cashed out. Kind of regretting it now, but I thought it would be a good time for a forced break and see how everything pans out in the next few months.Here was my reasoning. I don't want to get caught in some sort of cross radar by the IRS, where they note everyone who pulls out from Neteller. I wanted to get out before the law was passed because I don't want to get flagged by the government. We all know Big Brother is watching us at this point, and it's not like I cheat on my taxes, but let's just say the money I make and have outside of poker is a lot more important to me and I want to fly under the radar as much as possible. Also, I was having a really weird run of bad beats the last few days. I lost to 4 of a kind ace kicker ALL ON THE FLOP, while holding jacks and Queens twice in one day. That raised a serious red flag. Who knows.....Better to be safe than sorry right?Plus I can just go to the Bike, Commerce, and various home games in the LA area...Let's all hope they get this figured out, allow online poker to do it's business within the US, regulate it, tax it, whatever.....but at least this way we'll have more security when we gamble. It really should be just like Vegas, except online. No question.This also leads me to believe, some of the sites owned by US citizens, a la FullTilt, Pokerstars, etc just may have positioned themselves in a good spot with politicians, maybe not this administration or Bill Frist obviously. But there are a lot of politicians to lobby in this country and political climates change very quickly.....especially if there's grease in their pockets.....know what I'm saying? I wouldn't be surprised if this was a backdoor ambush by some major corporations out of Las Vegas and Atlantic City, to somehow and manuveur the money back into the states at some point.Because let's face it, this is what this whole thing is about. Money was flowing freely in and out of the US, without our government getting a kickback, and in the history of this country that's never been allowed.

[finztotheleft]

I don't keep big sums of money online anyhow. I have a few hundred on Paradise, FCP, Fulltilt, and Pacific and about $20 on Absolute, jetset, and Titan so I can play WPC tourneys. If I double up on any site, I withdraw back to my bank. I'm not planning on doing anything different until the powers that be make me.