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October 28th, 2002


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05:50 pm - Make money fast
Quick aside: Formula One to change scoring system next season to give smaller teams a reason to justify their existence. I think this earns a "You Beauty!" and it would definitely earn one if I could find my entry in which I moaned about this.

Some time ago, I joined the Ultimate Bet online poker room principally so I could watch you nice people and you other nice people play poker there. I have watched a couple of tournaments and enjoyed them, but taken no further interest.

Accordingly, the Ultimate Bet people have sent me $5 free to go and play on their tables. I am not sure whether this is free money in the sense that I can get them to send it to my to PayPal account; however, I have tried. If they say no, then the next least bad thing that can happen to it is that one or more of you nice people end up with it.

Should they refuse, not unreasonably, then who would like to take $5 from me at poker? I have no interest whatsoever in staking any of my money in the game in excess of this freebie $5 and fully intend to stick it all in on the first hand, whatever the cards, in order to minimise the amount of rake that UltimateBet may extract. (I would expect you to do likewise. This makes it a slightly negative-expectation wager for both of us, to the extent of the rake, but this is the least negative expectation possible. I would then be happy to actually play poker against you later, but only with my 1,000 play chips.)

It would be nice to double-through, minus rake, a few times first and withdraw a slightly more reasonable sum - three doubles-through, to produce somewhere in excess of $25, or one year's Paid Account here, sounds sufficient for my requirements - but somewhat unlikely.
Current Mood: Dealer button, Barney?

(4 comments | Leave a comment)

Comments:


From:songmonk
Date:October 28th, 2002 11:17 am (UTC)

Suggestion

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You say you have no intention of playing more than the $5, but why not go play at the $.25-$.50 table and see how you do? You do enjoy poker, and you may well be able to double up your $5 several times. I know you like poker. Why not give it a try?
[User Picture]
From:jiggery_pokery
Date:October 28th, 2002 05:45 pm (UTC)

Re: Suggestion

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Well, similar sort of reason why I don't take up lots of other potentially-expensive, potentially-enjoyable new habits; the fear is that I might enjoy it and want to do it again, which would be rather more inconvenient in the long run than if I don't. This might seem extremely negative reasoning, but I know I have a fairly addictive personality and regard this as a risk not worth taking.

I have attempted to withdraw my US$5 anyway. We shall see what happens. I made the appropriate enquiries to receive my funds via PayPal but we shall see if they end up sending me a US$5 cheque (er, technically I suppose it would be a check) instead. If they do then I shall be very nonplussed and almost certainly unable to use it. (Wonders: would it be possible to forward it to LiveJournal and have them cash it for themselves, crediting me for two extra months?)

If they don't let me take the money out then I would be prepared to play it at the $.25-$.50 table, so long as it was against nice people like the aforementioned you lot. I don't fancy my chances considering the way I've been playing the WRGPT so far...

It's generally considered a poor move to play an up-and-down straight draw once you've seen fourth street if you're not going to get close to the right sort of odds for it, right? Obviously this depends on how you read the other players, but it strikes me as a very negative-explanation sort of move.
[User Picture]
From:jiggery_pokery
Date:October 28th, 2002 05:47 pm (UTC)

Re: Suggestion

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For "negative-explanation", read "negative-expectation".

Pay attention, double-0-Dickson.
[User Picture]
From:missingdonut
Date:October 28th, 2002 10:19 pm (UTC)

Re: Suggestion

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I have attempted to withdraw my US$5 anyway. We shall see what happens. I made the appropriate enquiries to receive my funds via PayPal but we shall see if they end up sending me a US$5 cheque (er, technically I suppose it would be a check) instead. If they do then I shall be very nonplussed and almost certainly unable to use it. (Wonders: would it be possible to forward it to LiveJournal and have them cash it for themselves, crediting me for two extra months?)

Nope, you can't.

If they (they, being PayPal, and not The Man) would send you the money via credit card to PayPal, you couldn't accept it without starting a merchant (i.e. not free) account and paying $0.35 plus 2.9% of the $5. You'd be down to $4.35. Take out the fee that PayPal charges to send a check/cheque, and you're sixty-five cents in the red.

You could have it pay for LJ... it's possible, but not that likely.

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