yeah we should prob keep playing until UB has all the $$ ;)

sounds like a horrible gameplan in theory

 

Originally Posted by rainmanrcp

sounds like a horrible gameplan in theory

Explain.....

They have been real quiet about everything and while it is a reasonable leap to think they have financial issues we can not be 100% sure. Is playing really gonna solve their woes? Sure it might help, but grinding away with the notion that they will someday payout seems futile. I am so sick of Bodogs crappy interface I might just play anyway. Also there would have to be a large number of US peeps doing this to make a difference. Let's hope they come out with a statement soon, but I have a feeling we are sol and I sure hope I am wrong. Have most of my eggs in this basket as well.

If they really don't have the funds to pay people out, rake from a month's worth of insanely low player volume would not even put a dent in it. Think about the % of rake you pay compared to the amount of money you gamble with/ have in your account. It's not even close. The fact that they have put the weekly $250 cap on cashouts WITHOUT A DOUBT means they are having financial problems. If they were not, and actually cared about their customer base, they would want them to get their money as fast as possible. For a LOT of people, it would take months and months, if not years, to cash out everything at $250 a week. They know this, and they are just buying time before they fold completely and fall off the face of the earth.

but mark, if they have the ability to cash out funds, why would they put the cap on it? It just makes no sense.

 

Originally Posted by clemsonrich

If they really don't have the funds to pay people out, rake from a month's worth of insanely low player volume would not even put a dent in it. Think about the % of rake you pay compared to the amount of money you gamble with/ have in your account. It's not even close. The fact that they have put the weekly $250 cap on cashouts WITHOUT A DOUBT means they are having financial problems. If they were not, and actually cared about their customer base, they would want them to get their money as fast as possible. For a LOT of people, it would take months and months, if not years, to cash out everything at $250 a week. They know this, and they are just buying time before they fold completely and fall off the face of the earth.

but mark, if they have the ability to cash out funds, why would they put the cap on it? It just makes no sense.

Insanely low player volume?? It's wayyyyy more then any site besides the big 3 ever had previous to Black Friday....And it's fair to assume those sites were making money. Maybe not bucket loads like stars or ftp or even UB but they wouldn't have stayed in the business if they weren't. At this moment UB has over 9,000 players playing...That is nowhere close to INSANELY low. Now imagine if so many of us who had previously decided to wait it out joined in. That in turn would draw more non-US players.....The point is, it's something not nothing. I personally have no problem putting in work if I think it helps a good cause, even if the odds are terrible. What I do have a problem with is standing by and doing nothing about it...should we just stay in the complaint line with everyone else?? What is the point?

 

Originally Posted by Iplaythabored

if they planned on folding, why would they give you any money at all?

They don't want to fold. They would like to pay everyone, maintain some semblance of a reputation and continue making money overseas even without the US customer base. You can only assume that the people who were making lots of money running a poker site don't want to shut it down and give up the life they have created for themselves. Not to mention for all we know UB could be the only site taking a freedom stand against this whole mess. Can you imagine how the tables would be turned if the black sheep poker site stood alone, fought the DOJ in court, and somehow managed to keep their site running in the United States?? Hahah, would be insanity. Highly unlikely...but I can dream. And maybe help.

 

Originally Posted by Iplaythabored

if they planned on folding, why would they give you any money at all?

i'm not saying they are PLANNING on folding, but i think they know its def a possibility. think about it, if they just flat-out say "we are not processing cashouts", obviously people will stop playing there immediately. if they process $250 a week, people will keep playing, and the money will stay in UB's hands. they make interest on this money, also. wtf would there be a $250 cashout limit? stars and ftp dont have that. just think about it logically and it makes no sense. $250 a week is not shit, but its enough to keep the micro grinders happy and keep the big dogs money on the site.

my main concern is that its certainly not the payment processor telling UB they will only process 250 a week. its on UBs end, and if you can give me a GOOD reason why they are doing it i would love to hear it.

and also congrats to my boy BUSK9 for chopping the 6 max at borgata yesterday for 9k! fresh off his honeymoon!

um, they already have the money... and what you have in your account are just numbers. the fear is they cannot honor your account balance with money you(collectively) already gave them. giving them rake doesnt really help because youre not actually giving them anything.

apart from that glaring flaw in your logic, absofuckinglol at your overall point. the site already stole hundreds of thousands if not millions from its players... and now youre worried they might not honor cashouts as they likely ran off with the money you gave them........ and your solution is to KEEP FUCKING PLAYING THERE?
sorry op, you deserve to get ripped off. deal with it.

 

Originally Posted by Ozzie

um, they already have the money... and what you have in your account are just numbers. the fear is they cannot honor your account balance with money you(collectively) already gave them. giving them rake doesnt really help because youre not actually giving them anything.

apart from that glaring flaw in your logic, absofuckinglol at your overall point. the site already stole hundreds of thousands if not millions from its players... and now youre worried they might not honor cashouts as they likely ran off with the money you gave them........ and your solution is to KEEP FUCKING PLAYING THERE?
sorry op, you deserve to get ripped off. deal with it.

Are you kidding with this? Rake doesn't give them anything?... That is ridiculous. Clearly you despised UB even before all of this and that's fine but that point is beyond terrible. Obviously UB messed up with the super-user scandal and there are a lot of sides to that but that incident is nowhere near what this thread is about. What I am saying is...playing there doesn't really hurt anything. ESPECIALLY if you're a winning player. What can it really hurt? You win money against soft fields and we end up getting paid is best case. You win some money and we never get paid, oh ok well I lost my time playing, big deal I've had sessions where I lost much more then my time...or perhaps you lose money and we never end up getting paid, well then I guess it's a wash. I just don't see how it's THAT different to play right now as opposed to any other time if you really look at it the right way. And remember I said...it's not like you need to spend your whole day on it, most of your time should be spent handling your real life issues/ playing in a poker environment where you can be paid immediately....I'm talking about putting some time in here and there, thinking of it as a medium risk long term investment.........RAKE helps UB. RAKE helps Poker Sites.

 

Originally Posted by Ozzie

you dont understand...

say i run an underground room... and you and 20 other dudes all come and give me 1k each. i give you all 1k in chips and let you all play raking a $1 chip from every pot. but while youre all playing i take your money and go buy a car.

the money is gone. what you have in front of you is not money. it's chips. theyre supposed to represent money, but since i dont have it anymore they represent nothing and are worthless. your stack is worthless, your buddy on the next table's stack is worthless. the $1 chips ive been taking as rake? worthless. unless you guys play so much that all the chips end up as rake, then it doesnt matter how much rake you give me. i will never be able to cash anyone out because the REAL MONEY is gone.

you dont have real money in your ub cashier, you have a number which is supposed to represent real money. but if the REAL MONEY is gone then whats in your account and everyone else's along with every dollar the site takes in rake is all worthless.

and of course, there is the bigger issue that you want to try and help a crooked site. the basic idea of your plan is "assuming this site stole all our money, we should generate more business for them to help them get back on their feet... i assume once they do theyll pay us all and maybe even throw in some extra for helping them out."

Fair enough. I see what you mean and I do in fact understand that. But you are making A LOT of assumptions. I said that Ub's actions could imply that they are having financial struggles. You seem to believe the money is already gone...that is a huge leap. I've said this before but these businesses just took a huge hit...it's hard to maintain business as usual. I understand what stars is doing and I respect it very much. Stars is above UB that is a given. But that doesn't necessarily mean just because UB and Full Tilt haven't followed suit yet that they are automatically broke. That would be insanely narrow minded to assume so much when we know so little. There is a lot more to this then any of us know right now. We have very little inside information. I honestly believe UB will do the right thing for their customers and in turn for themselves...what's so wrong with that? So given that I believe that, it only makes sense to continue playing for the reasons I've already stated. Not to mention it may turn into a great long term investment of my time. I was just hoping some other UB players may see it the same way. That is all.

Vulcain....are you still playing on UB? I would hope a 6-figure stack is plenty of motivation for anything no? Unless you're ballin like that...:). I understand about the trust and the lack of statements from UB though, it can be disheartening to say the least. I will say one thing though, I think UB themselves are still trying to figure out their next steps. They are very much considering fighting this...but in the end they may not. So i think until they know exactly what their doing, it's hard for them to say much to the public. That being said, they could be doing a little more to ease our worries.