Neteller or Moneybookers. Alternatively, use Western Union or your bank's native international transfer facility.

You can also just open a US account at your bank. Just do all transactions through that , it will be the best exchange rate you can get.

8k
20 days to get out

So, US players are now allowed to cash out. They are, however, unable to transfer funds online.

from the pokerstars FAQ:

Can I transfer my funds to another player?
US residents will not be able to send or receive transfers.

What are people suggesting going about sending funds held by horses back to their backer? Bankwire? Checks? And for European backers?

How many people will steal all their money in their accounts from their backers?

If your backer was smart he'd already have your pw and would have a bankroll sheet telling him what amounts were in players' accounts....

Didn't know where else to post this. A picture of the cake I bought for my Sunday gathering with friends.

I think most backers would agree that there is nothing smart about having your horse password unless it's an extraordinary case.

this ainec really...good accounting and player audits are plenty to go off of

Also, Pokerstars explicitly prohibit backers from logging in horses accounts and they will enforce that. They're rigid on this issue than on many other security related issues. (FTP don't care much it seems)

i mean im just withdrawing my $ and bankwiring it to my backer

wtf seriously?

last time I spoke to my backer he couldnt even recall how much money he gave me in the first place

but I guess he knows he can count on me as a honest person

Doesn't sound like the you're talking about the same type of amount he is. If you were in a backing agreement for mid-high stakes MTTs and you can go into like 20k MU, it would be incredibly different.

well yeah, I was close to about 20k in MU just recently, so I think we are talking the same here

i mean, you can always look in your history to see how much he sent, but doesnt seem like your backer is too smart.

Something seems off lol. And I've seen you post a lot and you seem like a very trustworthy and cool guy, so frankly, your staker is definitely in the minority with his attitude towards it.

ohhh dont say that, I know he is smart and if you knew who he was u wouldnt even say that, he has everything written down somewhere obv it's just that he's really busy and wasnt able to recall it from his memory... no big deal imo

well I am trustworthy and my backer is a cool guy, every thing is fine I just found it odd that a backer would insist on having a horses password and keep track of every thing that happens with the bankroll of the horse

edit: because if you are making a deal with a horse you would obviously make sure that this guy is trustworthy before you give him your money

I dont mean to rub salt in your wound, but I am curious how big of a role multi entry week had in this, and what your opinion of METs is

Both MET weeks had a role in the damage. First time around the block, my stable lost around 7.5k. Kinda a rough guess though. It took a week of knowing what not to do to be better prepared for the next time around at it. 2nd MET week was around a wash +/- 1k.

I liked METs a lot better after I learned from my mistakes the 1st time around. I just put each player in there better tournaments and eliminated some of the midish stakes that they'd normally play for the smaller buyin range.

The variance was certainly more volatile, but it was the number of close calls that was just devastating and even more to stomach with Tilt being gone.

My highlight from MET week was getting a text from a horse than had 3 entries left in the 26 turbo. 9.5k to 1st. I opened his tables and watched him get 19th, 20th and 21st.

Wish I could have had another crack at MET week.

It is my understanding that the largest online stakers in the industry have all of their horses' passwords on file.

Me too. I don't like being results oriented but god damn that's a hard emotion to fight when you get close in big tournaments multiple times during special weeks.

browsed quickly thru the responses, but i currently back like 15 guys i think, all of which i had send me their account balances via email immediately when the news came out so we could figure out their exact makeup, so they can wire to my bank as soon as withdraws are available. many were in real small makeup between 0 and 20k then others around 50 and then others over 100 and up to 200k. most i plan on continue putting in wsop events since their deals did include live tournaments in stakes we had agreed upon so i dont think its fair for them to seek new backing deals when the backers are still willing to put htem in the events, but its a really weird situation and i really dont think you can expect a horse to stick around forever till we're allowed to play again since they will need to find another way of making a living and forcing them to move to another country or anything is obviously inconceivable . but if or when we're allowed to play again online and they do decide to continue playing whether it be full time or part time assuming they picked up new jobs i cant see how the makeup doesn't stand. the only way i see the deal terminating is if the backer declines to put them in live tourneys that were previously agreed upon or cant provide funds on other sites that are still allowed.

the most difficult thing is as a backer most your money had to remain online because of the variance of supporting so many players and the swings involved in mtt's so it may become difficult to supply funds for all live tourneys that all horses want to play, which in that case the horse has the right to seek new backing if the funds are not provided, but a lot also depends on the sort of relationships backers and backees have developed over the years and how patient they will be. whatever tho, hopefully withdraws will be allowed relatively soon. cross fingers. cmon pokerstars !!!!



also mement i'm not sure why as a backer you wouldnt have passwords to your horses accounts. i never actually checked their accounts and probably only had passwords to a couple horses accounts because i trusted all but maybe a couple entirely but it still is the backers right to make sure their money is not being tampered with.

but yea, this does suck a lot and although backed players can't just sit around forever waiting when they need to make an income they also should have some patience and not use this as an excuse to get out of 200k makeup.

oops posted same thing twice.

just re-read this thread.

updates/stories?