Originally Posted by nevadanick
Sure... it's ridiculous ... but I would guess the REAL reason behind the high fees is to keep people from withdrawing. Any money they can keep in accounts on the site is that much more available to pay the rake.
They simply do not want players cashing out, so they make it as unreasonable as possible. In my book, the 'U' stands for Ultimate ... but the 'B' does NOT stand for bet. ...
Nick, you missed a valid point, unless of course, the B stands for banking.
Keep in mind the longer the company has your money, the longer they can loan it out, collecting interest the entire time. While anybody who's watched Oceans 11 (the new one) can tell you that the NGC is on hand to make sure the casino has enough money in it's vault to cover all wagers made at any time, you may realize the the N in NGC stands for Nevada, and not some out of US Jurisdiction country which is likely the host of any given poker site
So it makes sense as a company with millions of dollars being held indefinitely by a large number of people, as a general rule of thumb - and desire to make more money, they lend it out. Whether to banks, other companies, etc.
That way the $1000 you keep on UB all year turns into an extra $100 for them, and you're none the wiser. Not that I disapprove, such activities can help keep a site in business, however if every player on UB stopped depositing, and decided to withdraw all their money tomorrow, I'm pretty sure the majority of them wouldn't get paid, at least for a very long time.
Man, I'm Mr. Off-Topic-Lengthy-Post-Guy, aren't I?