Amateur Poker Association & Tour

Poker Forum => Online Archive => Online Poker => General Online Poker Discussion => Topic started by: MintTrav on February 11, 2010, 04:56:47 AM

Title: Currency Conversion
Post by: MintTrav on February 11, 2010, 04:56:47 AM

Title: Re: Currency Conversion
Post by: duke3016 on February 11, 2010, 08:09:03 AM

I did not think thast it would be as "accurate" as that as I would have thought that they would have skewed the exchange rate in favour of their "base" currency. ie less favourable cashing away from the base currency.

If they are totally honest with "reverse" rates then because they are calculated to 4 decimal places could account for the od penny/cent here and there

Title: Re: Currency Conversion
Post by: kinboshi on February 11, 2010, 10:34:41 AM

Ever thought you need to get out more?

:D

Title: Re: Currency Conversion
Post by: AJDUK on February 11, 2010, 12:37:46 PM

I think John was hoping to have invented a clever money making scheme. If it rounded up he could have made as much as 2p a minute on currency conversions - THWARTED!

Title: Re: Currency Conversion
Post by: MintTrav on February 11, 2010, 14:09:43 PM

Right now (presumably a quiet time) there are over 200,000 people playing on Stars. A halfpenny from each of them creamed off by the site on currency conversion totals £1,000. Wouldn"t take them long to generate £1million that way.

Title: Re: Currency Conversion
Post by: fraac on February 11, 2010, 17:34:28 PM

It"s basically Richard Pryor"s scheme from Superman 3. And we fall for it.

Title: Re: Currency Conversion
Post by: WYoung83 on February 12, 2010, 00:55:44 AM

The big poker sites are making TONs of money from people trying to make just any ammount of money. only one winner.