Casino Talks

Posted by: fanx at March 18, 2005, 3:28 pm

Topic: been mentioned before, but crypto conversion pisses me off Forum: Bonus Whores

CubsFan915 wrote: Well, I haven't gotten my PIN number yet, played the 1/2GBP table last night, went up about 40GBP, and got about $67 put into my IP account for it, when the true exchange rate means I should have gotten about $76...

Hmm interesting... well at least what they do is take the same exchange rate when you buy the chips at the table and when you leave the table. I've had break even sessions on $ tables with a GBP account and I did not lose money on those (I think so at least). That would be really rediculous...

Now when you actually win money.. hmm they might not charge but just have a weird exchange rate. If you lost during that session that would mean you'd have also lost less than you should have when converted to $. Then if the exchange rates were the same over the entire crypto network that would also mean that if for instance you would play GBP tables with your $ accounts and $ tables with your GBP accounts (I know there is no reason to do this... just theoretically) it would be beneficial if you lost specifically during the sessions on the one account and won on the other depending on what crazy exchange rate they are using. Hmm...

In conclusion I am entirely clueless as to how it actually works, can anybody explain? I guess I am making no sense anyways....

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