Quote:
Originally Posted by NoChopNinja
stupid question but not sure the answer on it as well as i apparently thought I did, so if I have money on juicy or cake and lock goes under, this would essentially being the same thing as having my money on lock anyways?
I was always under the assumption that juicy/cake and lock were seperate cashiers, seperate entities, etc.
Yes and no.
It is the network model. Lets say you are on a skin that has more winners than losers they wait for the network to send them the money because they have negative cash flow (people win more than deposit) so at th other side of the equation are skins with more losers than winners(e.g. lock) who should sent the money to the network and the the network would send the money to the skins (reconciliation payments).
That is the reason why people at intertops are safe because they are a big bookie cause they still have positive cash flow so can pay their grinders from the money they got on sports betting/casino and don't rely that much on the money coming from the revolution network.
So basically people won a ton of money that never existed because expenses of skins like Lock and probably Cake to greatly exceeded the profit they were making from rake, hence the financial problems they have.
Theoretically they would be able to avoid problems but the network lost a ton of players so less rake and less deposits and less profit and doubtfull that they were able to cut costs at the same rate.
So players that play on skins with huge casino/bet on sport parts are safe (thanks to sites positive cash flow so they can eat loses from the collapse of the revolution network). Things that skins like Cake or Juicy have been disolved for quite a while and situation is getting only worse so with the collapse of the network they will collapse too.
So they are separate skins nad cashier but if the biggest losing skin (Lock) refuse to pay other skins everyone is in deep ****.