Quote:
Originally Posted by downunder66
What is "an agent"? A backer? Some other 3rd party that also takes a cut on your wins?
For sites like this it is equivalent of your local bookmaker in US. For the most part agents get credit from the site and settle once per week. So for the most part on sites like pppoker money and your deposits aren't really moving. Agent credit your account with X amount of chips and once per week he settle with owner of the club your win/loss and collect his part of the rakeback which he might or might not share with you.
At the same time since clubs don't know the players so the agents are responisble for their players losses inside the club. Hence it is big issue for many clubs on pppoker where agent with a lot of bad players doesn't settle and just collect his players loses and run away.
Happens every day on Chinese apps too.
So basically agent is a middle man that:
- brings players to the club and is responisble for your play there so if you lost he need to settle. He also keeps your money when you deposited in reality
-he is a person that should guarantee your money so in reality he is the person to go to for your cashout.
Thats why I am so many times shocked when the players from agent site come to forum like 2+2 and **** on the site. For the most part 99% of the agent sites don't even have any players money-agents have!!!