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poker account security?

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  1. mattg1983 mattg1983 is offline buying action

    Round Rock, TX
    United States

    Posts: 8,001
    Joined: Feb 05

    Feb 3rd, 2006 (2/3/2006 12:07pm)

    is there any chance of these accounts getting shut down and the money just being lost. i mean myself and im sure others have small fortunes in these accounts. just been worrying about it lately
    thanks
     12
  2. Jonahdog Jonahdog is offline

    Los Angeles, CA
    United States

    Posts: 511
    Joined: Apr 05

    Feb 3rd, 2006 (2/3/2006 1:16pm) in reply to mattg1983

    Yeah, there's always a chance, and I don't have any answers but it's definitely worth thinking about. They're run offshore and not regulated. We can discuss security and the market forces that suggest the sites have a big interest in keeping their sites running and protected, but there's just no way to be sure what crazy thing (hackers, server destruction, government seizure, war) could happen. I prefer to switch out big chunks to Neteller, which offers a little more appearance of stability, or are at least one step closer to a US bank account, which also isn't 100%, but is probably as stable as it gets. But I may be fooling myself too.
  3. mahgnislaw mahgnislaw is offline

    Posts: 1,815
    Joined: May 05

    Feb 3rd, 2006 (2/3/2006 2:24pm) in reply to Jonahdog

    Two words Dutch Boyd GG hardwork
  4. Spudt24 Spudt24 is offline

    Santa Barbara, CA
    United States

    Posts: 86
    Joined: Jul 05

    Feb 3rd, 2006 (2/3/2006 2:27pm) in reply to mahgnislaw

    What happened with Dutch? I'm out of the loop.
  5. Jonahdog Jonahdog is offline

    Los Angeles, CA
    United States

    Posts: 511
    Joined: Apr 05

    Feb 3rd, 2006 (2/3/2006 2:30pm) in reply to mahgnislaw

    Holla on that.
  6. ultimateace ultimateace is offline

    Herndon, VA
    United States

    Posts: 442
    Joined: Oct 05

    Feb 3rd, 2006 (2/3/2006 2:31pm) in reply to Spudt24

    Probably playing the devil heads up...
  7. haleike haleike is offline

    Posts: 1,749
    Joined: Jul 05

    Feb 3rd, 2006 (2/3/2006 3:51pm) in reply to Jonahdog

    He is actually 3rd in line to play the Devil Heads Up behind Andy Beal and Readzie!

    .....sry Readzie, I couldn't resist :-)
  8. MUPokerPlayer MUPokerPlayer is offline

    MO
    United States

    Posts: 17,488
    Joined: Feb 05

    Feb 3rd, 2006 (2/3/2006 4:42pm) in reply to Spudt24

    Years ago, Dutch started one of the first online poker sites, called PokerSpot. Long story short, it went under, lots of people lost lots of money.
  9. Gabovitch Gabovitch is offline

    Nashville, TN
    United States

    Posts: 1,627
    Joined: Apr 05

    Feb 3rd, 2006 (2/3/2006 4:46pm) in reply to Jonahdog

    The accounts on stars are backed up by the Bank of Scotland, so I assume those are safe. Don't know about any other site. I think for the most part, money is pretty safe. That said, if something did happen, your only real recourse would be the goodwill of the site. When you add that to the possibility of your account getting hacked, its probably not a good idea to keep more money than you need to on any site.
  10. Readzie Readzie is offline chasing the helicopter pilot school dream one hand at a time...

    Posts: 1,371
    Joined: May 05

    Feb 3rd, 2006 (2/3/2006 5:41pm) in reply to Gabovitch

    actually iam flattered. :)
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