Would you rather keep your money in a poker site instead of the bank?

Chebchoub

Chebchoub

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As we know, banks will deduct the account fee every month in addition to the annual insurance and other fees. For the poker site, the transfer fee will only be deducted once when withdrawing money from the site to the bank. Are these poker sites safe? And what is your opinion of this proposal?
 
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As we know, banks will deduct the account fee every month in addition to the annual insurance and other fees. For the poker site, the transfer fee will only be deducted once when withdrawing money from the site to the bank. Are these poker sites safe? And what is your opinion of this proposal?

No bank deducts such fees from my accounts. No, I would generally prefer to keep money in the bank...however...as I have been concentrating on building bankrolls, I have yet to make any withdrawal from any poker site. I have faith that I play on the more responsible ones but I do factor in the idea I could get burned by a sites financial failure at any moment.
 
lcid86

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Bank all day. Lost more money at poker sites than I ever did at a bank
 
Blackchipp

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yes, is a good thing, but let your money in crypto coins is better than pokersites and so much better than banks... be your bank. ;)
 
TulasMoreno

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No, it has more risks to keep it at a pokersite than in a bank!
 
Chebchoub

Chebchoub

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No bank deducts such fees from my accounts. No, I would generally prefer to keep money in the bank...however...as I have been concentrating on building bankrolls, I have yet to make any withdrawal from any poker site. I have faith that I play on the more responsible ones but I do factor in the idea I could get burned by a sites financial failure at any moment.

Yes, it is. I think that the only potential risk is that the poker account will be frozen, and the most important thing is the difficulty of recovering it. This requires a lot of time and complicated procedures. As for me, the banks in my country do not hesitate to deduct fees and taxes, and anything else
 
Chebchoub

Chebchoub

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Bank all day. Lost more money at poker sites than I ever did at a bank

It's okay my friend, this always happens when we get addicted to poker, it's a very fun game and dangerous at the same time, try not to let poker control you, you must control it
 
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vladikov

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I used to read that some players lacked money from their poker accounts, I had a bankroll of 2000 + $ in my pokerstars account, but they never ran out of money, so at this stage I don't bother to keep them in my account.









ZPfBTNanAAAAAElFTkSuQmCC





















 
Chebchoub

Chebchoub

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yes, is a good thing, but let your money in crypto coins is better than pokersites and so much better than banks... be your bank. ;)

Yes, it is a good idea for those who have excess money and do not want to pay taxes on it, and have complete confidence between themselves and the poker site, I think there are players who benefit from this idea
 
Chebchoub

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No, it has more risks to keep it at a pokersite than in a bank!

Yes, it may be more risky to keep it on a poker site, but I think the risk here changes from one poker site to another, or so from one player to another.
 
Chebchoub

Chebchoub

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I am not talking about professional players here, they are credible on the part of poker sites, they are active in the game, plus their money is in constant movement, some of them have more than $50k in their poker account or much more than that. I've already tracked some pros on pokerstars and 888Poker playing in more than five tournaments the lowest buy-in was $1050, and the biggest buy-in over $10,000 at the same time, this shows that there is no risk of keeping money in poker sites.
 
Djon25

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By mistake, they can be banned and the whole end:eek::eek::eek:
 
Garfield52

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No worries about the answer to that question of where to keep your money .... in the bank or at the poker site. I assume you are referring to the money from your winnings. The bank would laugh at me if I came in to deposit my poker winnings.
 
franken222

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Banks pay interest, and if you have a fee free account, that would be the option.

Also, you can get your money anytime from your bank. Not so with a poker site. With many sites, you have to do triple toe loops, quads, and sit spins, in order to get your money.

Funny, they don't have the same criteria for depositing.
 
KRANKES

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Nothing is sure in this world but death and taxes!
Pokersites are businesses and can get broke or prohibited. As per se, the money is safe on the sites, regarding stealing. So if you want to build a bankroll, there's no problem at all, when the site is licensed. But why not better open a skrill account and transfer money every now and then. This way you have a gambling account and can get some bonuses maybe...
 
veltins

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Bank is much safer than any poker sites. i have burnt my hands twice by keeping big funds in poker sites
 
joeisi

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On one of those regulated site like Pokerstars, party poker and 888 Poker I feel safe with my funds I can store it on one of those.

The others that are not regulated no thank you, I withdraw almost as soon as make the minimum withdrawal amount.

There are other options to store your poker funds these days not only bank. ewallets and Crytpo are cheap to free options that work well.
 
manzanillo53

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As we know, banks will deduct the account fee every month in addition to the annual insurance and other fees. For the poker site, the transfer fee will only be deducted once when withdrawing money from the site to the bank. Are these poker sites safe? And what is your opinion of this proposal?
I was trying to find an affiliated poker site that would hold the money for me. Then allow me to transfer what every I needed to what ever poker site I wanted play on that day. Instead of having to jump through hoops at each site just to get an account set up. This way, one trusted site can verify everything, accept your money which can be used at all poker sites. Right now you have to tie up money at each site you want to play on.
 
magister1

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Well, since poker sites aren't FDIC insured or regulated in the USA I'm going to have to go with banks here.

There are always free accounts with no deposit minimums too if people are worried about fees.
 
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moularaki

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seriously ?
who's the fool
 
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fundiver199

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I definitely consider my money to be safer in a bank account than on a poker site. Not only is there a risk, the company behind the poker site could go bust and not pay players back. There is also a risk, they might accuse you of breaking their TOS in some fashion and confiscate your funds as "punishment".

Not saying that poker players need to be overly paranoid about this, especially if we stick with the larger and more reputable sites. But claiming, that the poker site is some sort of alternative to a bank, is frankly ridiculous. So I would definitely not keep more money sitting on a poker site, than I need to be bankrolled for the games, I play. And if I play mid or high stakes, I would probably also prefer to either have the bankroll spread over multible sites or keep some of it tugged away in a regular bank account.

Just to give some random example lets say, you have a 10.000$ roll, and you are playing 22-88$ MTTs on PokerStars. Then why do you need to have all 10.000$ sitting in the cashier on PokerStars? You are not going to have anywhere near 10.000$ in play at the same time, and it literally takes seconds to top up your account with your credit card if needed. Withdrawals on the other hand takes at least a day even on PokerStars, and on other sites usually more.
 
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ThouFallen1234

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most definetely it have no interest cost or tax
 
Xcoder

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I personally only keep my poker funded with enough to maintain a certain bankroll I have decided for myself. Basically, I'll make 1 deposit and it will last me months if not longer depending on what events etc are going on at the time.
 
terryk

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neither,,,,my money is safe in a shoebox right beside my gun,,,,can't get any safer then that! :deal: come get it,,,,lol
 
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valeski 28

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Good afternoon.I prefer my bank account.Fortunately, I have a no fee account ,that is, every time I withdraw some money from PokerStars, 888 or Party Poker ,I pay nothing.,all the money direct to my bank account.
 
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