Quote:
Originally Posted by Gzesh
Thanks.
So, the cub manager sells chips to players, presumably for cash, BTC or some other form of payment ?
Conversely, the manager cashes outs player chips by making a similar transaction ?
When a player cashes out, what happens to his chips ? Does the manager get them to resell or do they disappear ?
To whom does a manager pay the money to begin or continues to operate ?
When clubs form a "union"(network ?), are there cross-club games ? If so who guarantees the club players they will be paid if they win from another club's players , is there cross-cage liability between or among clubs ?
Yes that's the basis, You send me $100 i send you 100 chips, it costs me 105 chips but costs you no vig.
Table slowly takes its cut while you play, then you finish your session ask to have chips cashed out and i take 200 chips from you, it costs neither of us anything to take the chips back - i pay $200 to you as a cashout and can reuse the chips.
admin makes money by there being less chips in circulation for every game that runs. The app tracks how much is being taken by every table, on a day to day data tab.
The club manager buys diamonds off an automated payment gateway setup by PPPoker and converts them to chips, 2 diamonds = 1 chip.
A club is just a club who runs its own tables with all it's own players.
A union is like a poker skin, up to 15(?) clubs all share player and table liquidity. This is why it's such a large uptick of risk.
Everyone in my club i have tagged by their real name and location, so a lot of questions about whether people are suspicious is solved. I know jonny from the northside isn't colluding with Chinese sam who he's never met.
In a union, one friend could join one club and another join someone elses club and it would be impossible to find a link due to software not showing you any details of other clubs players.
in response to your earlier post about the certified RNG, i understand this doesn't put anyone at ease about the safety of the games, that's not my intention. There were people saying you could superuse or that the software was unfair. That's not the case. Your only risks are in house via collusion or admin scamming.