I clearly stated that I was talking about the restrictions that we have been talking about in this thread; the 2500 point restriction. Your insistance that the rep nor I were referring to points because we didn't use the word "points" is getting a little childish.

Hello,

It had nothing to do with your question with" points " all I wanted to no is if I set up account at juicy stakes( new high stakes player ) do I have any off the restrictions post take over . Limited withdraws ( 1k weekly ) etc.

I know there is little a too. There but as I play 4 other sites may be worth deposited $10,000 and seeing what heads up action I get .


Thanks Matt

There is a weekly 1k withdrawal limit for everyone on the site regardless of when they signed up.

This is what I don' t understand and gives me a bad feeling in my stomach area.

Why is there such a restriction if post takeover all players at Juicy Stakes' funds are segregated and players will have full access to them at any time, included funds won at the tables

I could understand if the pre takeover balances would have such a restriction, but why the segregated post takeover balances?

Well if someone isn't able to pay out X, it's mostly likely because they don't have it. I know my opinion is just a drop in a bucket but I wouldn't put a cent on this site.

Sites have to work with money processors in order to give them a bit of a shield from the US government. If their processor can only move $x per week, then the site has to restrict how much they can allow players to withdraw.

Bitcoin solves this instantly.

We get it but please stop spamming this thread with Bitcoin every other day.

Ahh, ROW players are not allowed at Juicy Stakes. Yes, then a general withdrawal restriction to not overload the check processors to US market makes sense.

Where exactly do you take this knowledge from? And why are you dodging my question whether you are from the US or ROW? After all you can also reply with nitpicking to other trivial stuff as well.

Hi

May I ask, which $100 fee are you referring to? Withdrawal fees apply to all players and I have posted them at the bottom of this post.

If you created an account today and deposited $10,000, play and win Money you would not have to go through the 2,500 FPPs weekly rate in order to cash out.


Check Withdrawal Details
•Min per Check: $250 (fees included)
•Max per Check: $1,000 (fees included)
•Fee: $50
•Delivery time: 5 business days



Cash Transfer Details
•Cash Transfer: $100 - $500 Fee: $85
•Cash Transfer: $501 - $890 Fee: $110
•Delivery Time: 7 business days

The minimum Cash Out amount including fees is $185.

If you’ve funded your account by an E-Wallet Solution

While no fees are charged by Juicy Stakes on your E-Wallet Solution cashouts, we suggest contacting your processor directly regarding any associated fees on their end.

E-Wallet Withdrawal Details
•Min Cashout Allowed: $150
•Max Cashout Allowed: $1,000
•Fees: Check with your E-Wallet Solution directly.
•Delivery time: 48 business hours

ROW players are allowed at Juicy Stakes!

I know and am well aware of it. Very curios where "Barcelona World" is gaining his wrong information from, but he will probably just ignore that, too.

Yes. It is just incomprehensible to me that sites that are usa facing don't implement this feature and erase all the headaches with processors. It is such an easy fix and beneficial to players who would no longer have to pay ridiculous fees for wires or have to slowly get their money off etc. If wpn can do it then so can all the other sites.

Hi

When we took over Juicy Stakes on October 9 2013, we didn't get any money for existing account balances. Why didn't we get any money? Because there was no money and that is why no withdrawals were processed 1,5 to 2 years previous to our take-over.
At the time you had roughly $59,000 on your account. During the months of October, November and December 2013 you withdrew $12,000 whilst raking $1,200.99 (this money came out of our pocket). On these $1,200.99 you got 36% rakeback ($432.35).
In 2014 we kept on paying you roughly $36,500 whilst raking $32.57 (this money also came out of our pocket). On these $32.57 you also got 36% rakeback.

The rake generated before our take-over has nothing to do with us and neither did we get anything from that rake.

As stated before when we took over Juicy, we spent millions of dollars so that we could offer withdrawal options to the overwhelming majority of players. But, there is only so much money you can pour into a company: this meant the only way we could take over Juicy Stakes in the first place would be with the long term plan of building up our site to have a healthy ecology and then using the rake from that to pay the high stakes players - all profits that are raked are going towards paying out players.

The reason that these players are being asked to earn FPPs is that we need to acquire higher levels of rake to be able to pay back these higher balances which our the previous owners could not cover and we inherited. The process does take a long time, but doing it any other way would be impossible for us. It’s a Catch-22, we could either do it this way or we wouldn't be able to takeover and Juicy Stakes would still be offline. I don't mean that to sound like "it's us of nothing" but that was the case and we are here to offer a really positive future for the site.


To answer your above comment, if you rake $5000 and you are on a 36% rakeback deal you get $1800 in rakeback payments and not $900.

Juicy Stakes uses the ‘Dealt Rake’ model which means that any player will be included in the rake calculation for any hand that the player has been dealt cards in.

All players that are dealt cards at a cash game table will earn 1 FPP for every dollar raked during that hand on that table, even those players that have not contributed to the pot in that hand.

Example:
There are 9 players at a cash game table and all of them receive hole cards. Six of the players fold pre-flop and do not contribute to the pot at all. The other 3 players play the hand and the rake at the table gets to be $3. These $3 in rake for this hand on this table will give all 9 players 3FPP each (rakeback players get 1.5 FPP each) even those who folded pre-flop.
This means that for $3 in rake 27 FPPs were given out in this hand if all players were non-rakeback players (9 players each get 3 FPPs). This gives us an average FPP value of $0.11 ($3 rake /27 FPPs = 0.11).
With this calculation 100 FPPs = $11 in rake (100 FPPs x $0.11 = $11), 2500 FPPs = $275 in rake (2500 FPPs x $0.11 = $275)

In tournaments players get 7 FPPs for every $1 in tournament fees they pay (rakeback players get 3.5 FPP).

Example:
If a non-rakeback player registers for a tournament with a buy-in of $20+$2, the fee is the $2 and the player will receive 14 FPPs ($2 fee x 7 FPPs = 14 FPPs). This gives us an average FPP value of $0.1429 ($2 rake /7 FPPs = 0.14286)
With this calculation 100 FPPs = $14.29 in rake (100 FPPs / 7 FPPs = $14.285), 2500 FPPs = $357.125 in rake (2500 FPPs x $0.14286 = $357.15).

We have so far processed withdrawals for over a thousand accounts and the 2500FPP restrictions have only been applied to a handful of these accounts. The restrictions have been applied to those accounts because of the huge balance and not contributing to the network ecology.

Processors are still used with Bitcoin..at least they are at WPN.

so 1k max cashout week and ill get 1800 in RB alone! when clearing the 2500FFP imposed penalty. hmmmmm, let do the math here.... carry the 1 add a zero! Seems to me i just added 800 dollars to my balance + any winnings! Which defeats the purpose of actually getting money in my hand for my 8k stuck

no **** thats why im pissed.The 2500ffp is to high man, it robbing me of playing and my money.Its doesnt allow me to withdrawal any existing money left.Also your wrong in my example it was hu so 5k rake total but theirs 2 players contributing to it for hu. so 2500 each @ 36%=900.

Also please man stop quoting my rb, i have played tons of poker everywhere with lots of rake generated and i would continue to play your site if you didnt cap me a 1k/week with 50k in account. thats near year of cashouts with zero play already! how the **** could i play. You guys knew i couldnt play under those circumstances. Care to tell them how much i raked overall lifetime on network to prove if i play or not?im sure u have the numbers. Also do you leave out the fact i played under your intertops brand after juicy turnover to "generate" rake as a sign of helping the network without ever being asked too. I wasnt as dormant as you make it out too be. once you stopped paying me on juicy i stopped playing on intertops. simple as that.

You guys come off real bad here and i wont stop pounding this point home until you pay me my 8k or make some other arraignment. 2500ffp robs me of my money and you know it. You guys sweating and being so suborn over my individual 8k is amazing, why would you would ruin your rep when trying to recruit new players. Dont paint me as the bad guy, you froze my play when u capped cashouts to 1k/week just like u will every other player that runs up money from this point on.

I disagree - as I understand it you bought the company - assets, liabilities, the lot. The fact that you didn't get anything from that rake is irrelevant.

They didnt wanna buy all the liabilities tho they were just kidding. Just wanted a profitable company with a long American facing player list and just payout the bottom % of low balance players and let the higher % Balance players go **** themselfs. They want their cake and eat it too. pun intended

Bottom line just because cake/lock/whoever ****ed you over doesnt give you the right to **** us over. You choose to take over the company so in turn pay everyone out wtf. You cant gain all the postives with the company/Brand and not inheritance the negatives. The negatives were player balances. You could have easily let juicy rot and you should have if you didnt want to pay out completely existing debts. You have the money stop ****ing around guys. Your just butthurt because you instituted a policy which froze the play from players with high balances and were like "WTF these guys arnt playing" they are ungrateful lets not payem anymore those bastards. Which is wrong.

Your posts are so ridiculous that they are actually painful to read. I'd guess that for every post you write you lose followers rather than gain them.

Not relevant to you maybe, but certainly relevant as to why they can't dish out money in the fashion that some players would like them to. Not all business' have the bottomless pockets of PokerStars.

They either own the liabilities or don't. If they bought the whole business they own them. They don't get to pick and choose.

So you would have preferred that they simply bought the assets via bankruptcy so they could have avoided paying players altogether. That doesn't make a lot of sense.

As things are, they actually do get to pick and choose as to how they go about paying the players from the previous ownership. It's their choice. If you know of any other buyers who wanted to pay off the players in a lump sum you should let us know about that. Otherwise this is simply the best deal available.

Lock left a lot of devastation in its wake; not only to players but also to the other skins on the network. I'm sure Lock players would kill for the chance of recouping their bankrolls even if meant via a play through.

Whether you want to see the glass as half empty or half full is your choice.

I would prefer that you didn't put words into my mouth. Again, what I prefer has nothing to do with it. It may be their choice because they operate in a jurisdiction with a fourth rate legal framework, I guess - to me, that is pretty shameful business practice, even if this may have been the least worst deal available to players.

All the rest of you glass half empty stuff is simply words. I understand what they have done, but every time the rep steps up in here to say something that I disagree with or think is incorrect, I am going to say so.

FWIW I have never played a single hand of poker on Juicy, nor do they owe me any money.

When a company is broke and needs to sell its assets that's just how things go. I seriously doubt your assumption that the new company is legally obligated to pay off players. There may have been an agreement between the company being sold and the company that bought it but none of us can know what that possible agreement might be.

Prior to PokerStars buying FullTilt, another company was prepared to buy it and came very close to actually owning FT. They had planned on paying only a fraction of the money owed to players. If PokerStars hadn't come along, that may very well have happened; and the FullTilt players would have been lucky to get even part of their bankrolls. Debtors don't necessarily get fully reimbursed when a company in distress gets bought-out. That's simply how it is.

That Juicy has decided to pay players in full but has put play restrictions on withdrawing the money simply isn't the shady or crappy thing that you make it out to be.

As I have stated before, this is a forum, and we are all (you, me and everyone else) more than welcome to express our views, good or bad. I honestly don't mind negative stuff, because it just helps us highlight what we need to improve on and it gives us an opportunity to answer questions, critic and praise in an open forum that is available to most people.

I am not trying to paint you as the bad guy, I am just explaining why we had to put some restrictions and requirements on a handful of old accounts (no new accounts are affected) that were holding big balances, like yourself. We have paid you roughly $48,500 from our own pocket whilst you have generated $1,272.90 in rake, of which $458.24 has come back to you in rakeback payments. If that makes us come off as really bad in the eyes of the readers then so be it. To quote SantaCruz; “I'm sure Lock players would kill for the chance of recouping their bankrolls even if meant via a play through.”

Furthermore, we didn’t freeze your play when capping the cash-outs at 1K/week, because they were capped at 1K/week from the start after the take-over and at that time you were playing, so please don’t try to paint us as the bad guys. Quoting you from 2013:

Old 10-21-2013, 04:01 PM #857
TicKinTiMeBomB
Grinder
Join Date: Oct 2011
Posts: 634 Re: Juicy Stakes Cashout Thread **(OCT 10 NEWS - see post 696)**
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Juicy stakes players need to come out and start playing again.Money sitting dormant in players accounts doesnt help either us the players or the skin. It is in both our mutual interest to have them turn this completely around.say F it and play smaller than normal do if you have too but we need the action to step up again. people will bigger balances start playing .05/.10,10/.25,.25/.50,.5/1,1/2 couple hours a to make sure the action doesn't dry up. doing this will help guarantee if you have a bigger balance you will receive it and also faster. We need to get player liquidity up imo


Old 10-28-2013, 07:27 PM #950
TicKinTiMeBomB
grinder
Join Date: Oct 2011
Posts: 634 Re: Juicy Stakes Cashout Thread **(OCT 10 NEWS - see post 696)**
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obv that email is not correct. i havnt played on the site in many months before the change and they shipped me 1k and another 1k. relax with this pessimistic bs. we hit the lottery to get our money flowing to us again so be ***** grateful about that. I predict the cashouts will continue to come(and limits will be raised) and lol at u guys fearing they will bounce at the bank. Things will only improve from here but we must show our support of new owners at the tables. get in their and play guys! If we all start to put in volume again we can make sure this is a success for everyone involved. if we dont we run the risk it wont. So lets play to help our community get paid. Start tables and challenge yourself v another reg if you have too and gain some good experience either way.


Old 11-05-2013, 08:31 AM #991
TicKinTiMeBomB
grinder
Join Date: Oct 2011
Posts: 634 Re: Juicy Stakes Cashout Thread **(OCT 10 NEWS - see post 696)**

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their was some good volume before holloween weekend. Juicy players lets try and keep it up! Get in their and make this a success for Zagox management and for the players that still have good bankrolls on their. if everyone plays even just mirco to lower medium stakes every1 ends up happy and cashouts limits will increase.


When we took over Juicy Stakes in October 2013 our goal was to create a stable and secure poker environment for the Juicy Stakes poker players, a poker environment where players can enjoy playing poker and are able to withdraw their winnings in a timely manner which was not possible with the past owners. This take-over made it possible for old accounts with balances to withdraw their funds that were basically lost at the old Juicy Stakes.

Yes, we took over all the existing player funds at that time without receiving a cent from the old owners and we could have deleted all the balances or set play through requirements from the start. However, we didn’t and instead chose to give all players the benefit of the doubt, trusting them to play and to not just withdraw and leave.

However, for this to work out for the players and for us as a company we need players to play and not only to withdraw their old funds. We guarantee to process withdrawals as long as players play and invest in the project.

In the beginning you played a bit, but when you realized that you basically didn’t have to play anything but could still withdraw the maximum every week you stopped playing. That is when we had to put the FPP requirements on your account to be able to continue to process future withdrawals. These requirements will stay in place for you.