Issues Arising from Staking

[Doobs]

what's the best technique when staking to allow for/not have someone shafted by fluctuating exchange rates?

You can't hedge the exchange rate because you don't know the size of bink in advance.  You can avoid getting shafted on charges

[pleno1]

whilst he probably doesnt care his opinion holds no value in staking threads anymore with his conduct there. He was possibly right in regards to guy but bring it up elsewhere.

not at all. infact not even close.


How can the market regulate itself if a tonne of people don't know what they are talking about and those that do cant speak up.


imo with regards to OP point 1 should be answered by player trying to get the best deal for himself which in turn gets the best deal for stakers. I wouldn't invest in someone if I didn't already assume this was the case. point 2 the tipping should come completely out of the players money, given that wsop events etc have money taken out now I see no reason what so ever to tip, it's not like the tip will ever go to anyone who did their job well anyway.



edit fwiw pads I loled out loud at you suggesting the 100r/cube whatever it was. in general that's a super awful value comp

Did you read the thread met? He said dreenies op was excellent and then when questioned it said t was because she's a decent player and his biggest fan. Guy was simply staying on topic and questioning keys reason for saying the op was execellent. Now if a prospective buyer really respects keys which they probably should as he is a tremendous player and right on 95% of topics but on staking he is judging it on how much he likes the person then people may buy because oh we'll keys said.

Usually he's pretty spot on dgmw.

lol

1) Some posts are tongue in cheek.

2) saying an OP is good doesn't say the stake is a good value one just that the minimum information is there

3) do you really think Guys posts were unbiased?

4) how much is Keys paid to emulate Cos on the staking board?

5) honestly how many people do you think could provide a more knowledgeable opinion than Keys with regards to staking?



I only went and read Dreenies thread because of someone mentioning these shenanigans. then I saw your post here, trying to claim his opinion is invalid is just really really dumb (like Antoine dumb).

I think what keys had done over the last 2nonths has been really really great and really below the boards. People have stopped putting up those rather ridic 79/30 deals and have genuinely put effort into the ops and clarified lots do stuff and generally just made the board a lot cleaner and better for stakees.

I even put a picture of myself on mine and tried my hardest to get approval from one of the guys who I had never really impressed for one reason or another, but unfortunately didn't get a gold star lol

He didn't go into great dept and start essaying on the threads it was very simple cos policing with one line of approval and usually recommendations for the future lol perfect

The post of the weekend just made no sense at all though and the his justifications seemed very keys like. Ibstead of just saying yea I was wrong here he justifed it with being a good player and a nice girl/big fan of his.

Its such a little matter and writing on my iPhone takes 10 mins per line so /end wte

[pleno1]

what's the best technique when staking to allow for/not have someone shafted by fluctuating exchange rates?



Dave can you pls confirm I don't have to pay hooker markup or i'm out for future stakes. thanks.

Cant everyone just use keys? Seriously lol

He has done all the big transactions previously and of everybody used him for the exchange he'd obv give the very best rate whilst profiting from it too.

[SuuPRlim]

what's the best technique when staking to allow for/not have someone shafted by fluctuating exchange rates?

as for the fluctuating exchange rates there is nothing you can do about that, except ofc make sure the player waits until an optimal time to exchange. I'm not a financials trader, and neither are most people so we'd all really just be guessing, unless there was someone in the know saying - wait till X date before selling euros or something.

The big thing is the method of exchange - for example wiring foriegn currency to UK£ banks is the fishiest thing ever. You get horrible rates from your bank and are often charged several fee's on top. (I remember looking into wiring money from vegas once, and stood to lose about 6% wiring to one of my bank accounts), bringing in cash and selling is often the bes method, but has a lot of risks (doobs makes good points)

The single best method is to wire to an account in the same currency then get an account with a forex/trading company, or more ideally flushy's business and then exchange money with them, dealing bank2bank and with high volume trading companies means the most competitve rate normally and rthe risk of robbery/losing it is virtually eliminated.

This stuff doesn't take long to research/ask about either. Speshly on blonde.

Dave can you pls confirm I don't have to pay hooker markup or i'm out for future stakes. thanks.

I cannot confirm this.

[The Camel]

FWIW I think there's > 50% chance that Post Office changing man was scamming his backers to get an extra few percent as he wasn't playing for much.

[Doobs]

whilst he probably doesnt care his opinion holds no value in staking threads anymore with his conduct there. He was possibly right in regards to guy but bring it up elsewhere.

not at all. infact not even close.


How can the market regulate itself if a tonne of people don't know what they are talking about and those that do cant speak up.


imo with regards to OP point 1 should be answered by player trying to get the best deal for himself which in turn gets the best deal for stakers. I wouldn't invest in someone if I didn't already assume this was the case. point 2 the tipping should come completely out of the players money, given that wsop events etc have money taken out now I see no reason what so ever to tip, it's not like the tip will ever go to anyone who did their job well anyway.



edit fwiw pads I loled out loud at you suggesting the 100r/cube whatever it was. in general that's a super awful value comp

Did you read the thread met? He said dreenies op was excellent and then when questioned it said t was because she's a decent player and his biggest fan. Guy was simply staying on topic and questioning keys reason for saying the op was execellent. Now if a prospective buyer really respects keys which they probably should as he is a tremendous player and right on 95% of topics but on staking he is judging it on how much he likes the person then people may buy because oh we'll keys said.

Usually he's pretty spot on dgmw.

lol

1) Some posts are tongue in cheek.

2) saying an OP is good doesn't say the stake is a good value one just that the minimum information is there

3) do you really think Guys posts were unbiased?

4) how much is Keys paid to emulate Cos on the staking board?

5) honestly how many people do you think could provide a more knowledgeable opinion than Keys with regards to staking?



I only went and read Dreenies thread because of someone mentioning these shenanigans. then I saw your post here, trying to claim his opinion is invalid is just really really dumb (like Antoine dumb).

People have stopped putting up those 70/30 deals

There were two at the weekend, including the thread we are talking about.

[edited your post to protect feelings and because 79/30 was obv an iphone thing]

[pleno1]

Obv. Off topic but is there a reason my iPhone tellers are so bad? I mean I don't have fat thumbs, in very experienced technically and def not a noob but fail so so mich?

Z

[titaniumbean]

Obv. Off topic but is there a reason my iPhone tellers are so bad? I mean I don't have fat thumbs, in very experienced technically and def not a noob but fail so so mich?

Z

no the auto correct is ridic tilting.

even when you delete re-enter like 3 times in a row it still auto changes and it's easy to miss.



I'd still buy your hooker action dave, was just trying to get reduced markup obv :p


edit pleno I get why thought his posts were pants, just think it's ridic to then de-value his posts so much. he's not got the most cuddly online persona but it doesn't invalidate his input.

[prettygreen]

FWIW Keys makes very important points on the staking boards. Yeh he comes across as arrogant but the guy is actually very intelligent and if he wasn't a poker player he would probably be knees deep in the Higgs Boson or something.

[Simon Galloway]

Some basics, for which all you lot looking to play a full WSOP schedule (for example) should have:

Knowledge (or advice) of how not to change money at the Post Office
Knowing your ITIN number
Having a USD account in Vegas so you can deposit the cash
Having a corresponding USD account with the same bank in the UK so that you can make those $$'s re-appear safely and vig-free when you get back.
(Feel free to replace the above 2 steps with a decent FX option of your own.. but have SOMETHING in place as backup)

Some of those steps require a little bit of effort, but for example, opening a USD account in Vegas iirc was a short trip off strip and 15 minutes in branch.

[CHIPPYMAN]

1. shouldn't be on the horse to swallow exchange rates

2. staker shouldn't have to tip anything if they do not wish to

I totally agreed with keys . I don't mind them tips the dealers and shared it with my staking.
Also if the exchange rate different , I am not really bother as long as he players kept on
winning . #ThatsTheMainPoint

That's Brammer tho Frankie . He just nicks James run good picture


just saw it now...lol   sry chris

[titaniumbean]

I was also asking w/regards to exchange rates in terms of people who lock in rates when they start the thread. given that stakes are often sorted well in advance of foreign live action. aren't they just putting themselves are risk when the rates move alot?

[prettygreen]

On a side note. I'm glad everyone thinks that the staker shouldn't take the hit of the dealer tip. Few months ago i binked DTD, Keys ofc had half and i took tip from his cut.

[pleno1]

Obv. Off topic but is there a reason my iPhone tellers are so bad? I mean I don't have fat thumbs, in very experienced technically and def not a noob but fail so so mich?

Z

no the auto correct is ridic tilting.

even when you delete re-enter like 3 times in a row it still auto changes and it's easy to miss.



I'd still buy your hooker action dave, was just trying to get reduced markup obv :p


edit pleno I get why thought his posts were pants, just think it's ridic to then de-value his posts so much. he's not got the most cuddly online persona but it doesn't invalidate his input.

Yes I was wrong. Apologies to keys.

[CHIPPYMAN]

1. shouldn't be on the horse to swallow exchange rates

2. staker shouldn't have to tip anything if they do not wish to

I totally agreed with keys . I don't mind them tips the dealers and shared it with my staking.
Also if the exchange rate different , I am not really bother as long as he players kept on
winning . #ThatsTheMainPoint

That's Brammer tho Frankie . He just nicks James run good picture

it's actually in honour of him after he won the aussie millions

just saw it now...lol... SORRY CHRIS