InterPoker

[PShabi]

Okay, so they've got games in differenct currencies. What would happen if an American boy like myself played in those games? I mean, other than I'd take all their poundage or whatever.

Is it doable? Would I want to? Would the exchange rate be an extra rake?

[Talking Poker]

Since you cash in and out during the same session, I don't think the exchange rate means anything (it's a wash)... Just consider yourself buying chips or units and then playing with those. Whether $200 US gets you 50 units, or 500 units, it doesn't matter. See what I mean?

[GeoffM]

Rake would all be relative. They would rake .25 pounts on a 5 pound pot (larger pot), or $0.25 on a $5 pot (smaller pot).

Elementary my dear Watson.

[PShabi]

I guess the rate of exchange is roughly 2:1, so a 5/10 game in lbs is like a $2.50/$5.00 game.

Have you guys ever been playing on InerPoker and been asked to prop? I had a pop up screen come up offering me $13 an hour to start 5/10 european table.

[GeoffM]

Shabi, this should help you out.

[junYUN]

lol thats an odd question..

[Talking Poker]

Yes, I have been asked to prop, but it's always games I'm not interested in, so I've always had to turn it down...

Edit: As for your exchange rates, I don't know if you mean pounds or Euros, but I think you're doing your math backwards.

Again, it doesn't matter though. Sit down and it will tell you exactly how many US$ are required to cover the buy in you are choosing.

[junYUN]

no the math isnt backwards...pounds are more valued than dollars so you would cut it in half (5/10 pounds = $2.50/$5.00 US)

[robthedlphin]

I think it should be 5/10 pounds= 10/20 US$. Because if a pound is worth $2 (it's more valued) then you would multiply by 2, not divide by 2

[junYUN]

you know what thats true

god i suck

(stop smoking weed plug here)

[PShabi]

me thinks me better stick to USD.

[Tony Cheval]

I've done a bit of propping here and there for them, never got anywhere near 1 hour, much less two. It can be a very good way to catch morons and take their money if you're good at headsup/VERY shorthanded play.

[GeoffM]

Not quite, 1 pound is worth about $0.54. If you used the link I posted you would know this .

[Talking Poker]

Or, you could realize it doesn't matter. If a pound is worth 95 cents or 2 cents, you're still palying with chips. When you cash in and cash out, the conversion is the same, so it's a wash. Sit with the US$ amount you want to play with (however many pounds that may be), and then just play normal poker.

A basic awareness of the exchange rate would be a good idea for game selection (so you know what tables you want to play at), but once you choose a table, the conversion means nothing.

[GeoffM]

That is what I meant.

Rake is relative.

But if you are playing 1 lb./2 lb., or $1/$2, it's almost like playing $2/$4 if you are playing in pounds.

[Talking Poker]

Exactly.

[PShabi]

Yeah, but if you're a 5/10 USD player and sit down at a 5/10 euro table you're playing for twice the stakes. That was the point. Either way, this is becoming annoying.

I say we all take all of our money, start a $100/$200 private table, and just cap everything, winner takes all.

Can you tell "professional" play is making me fucking nuts?

[BlibbityBlabbity]

This currency thing is weird. They should be able to translate everything into whatever the players option is. That way you always know how much you are calling/playing for in your currency.

[GeoffM]

To be honest I wouldn't bother. I'm sure these sites take a cut when they are converting.

[BlibbityBlabbity]

You are right, they do take a fee for converting your money to get into a table of pounds/euros....guess I'll just stick to the $ games.

[Talking Poker]

You sure about this? I thought they gave you the same rate when you cashed in to a table as when you cashed out from it...

[BlibbityBlabbity]

Nope, I was wrong again. I misread the terminology they were using on the buyin screen.

Looks like they do a conversion. I had clicked on the register for a button to regiter for a tourney and it said buyin+fee and then another fee listed and then a total cost in dollars. I thought the other fee was a conversion fee.