Dollar in renewed freefall - time for euro sites to switch to euros?

luckylucky

I was against a change to euros basically because rake is going to be higher. But maybe it's got to the point where the dollar is simply too weak a currency. Basically if you were playing $1-$2 nl 6 years ago, you now need to be playing $2-$4 nl to play at the equivalent level in euro terms. Sites are also losing out on lost revenue.

Anyway won't bang on about that as there have been a number of threads but I would have thought it might perhaps be in the best interests of iPoker, Ongame etc etc to switch to the Euro and perhaps it would be in the best interests of players also (winning players anyway). I haven't totally made up my mind on it. A changeover to the euro would almost inevitably lead to more rake being paid, certainly at the higher stakes.

Anyways just wondering what people think.

yeah-buddy

Bush will prob just invade europe to stop it

cooker3

yeah-buddy wrote: »

Bush will prob just invade europe to stop it

excellent analysis

NickyOD

If they insist in keeping the games in dollars then the site should at least allow you to keep your money in euro when you're not playing like on party or iPoker sites with sports books.

DEmeant0r

Carlos allows BR to be stored in Euro, I would do that, but if I did that now, I'd be taking a very large hit =/

RoundTower

I don't see any reason why the sites should prefer a strong currency. If the pound was booming, or the yen, or the yuan, would they change to that currency instead?

phantom_lord

ipoker's a European network, it's illogical that it's in dollars in the first place.

yeah-buddy

phantom_lord wrote: »

ipoker's a European network, it's illogical that it's in dollars in the first place.

+1 lol

Hitchhiker's Guide to...

betdaq and the rest of that network is fully in euro (including the games)

Hitchhiker's Guide to...

phantom_lord wrote: »

ipoker's a European network, it's illogical that it's in dollars in the first place.

thought ipoker was Israeli? i know they sing in the eurovision, but maybe it would be a bit of a stretch to classify them as european?

luckylucky

phantom_lord wrote: »

ipoker's a European network, it's illogical that it's in dollars in the first place.

To be fair it had Americans playing before the infamous Us legislation was brought in, and back then the dollar was the accepted universal currency of online poker.

RoundTower wrote: »

I don't see any reason why the sites should prefer a strong currency. If the pound was booming, or the yen, or the yuan, would they change to that currency instead?

My thinking was that sites as well as winning players would prefer to have the site currency as a strong one for a simple human psychological reason. Suppose if the site switched to euro tommorrow then since the euro is worth over 50% more than the dollar you might expect that a little over 50% of $1-$2 players to drop to .$5-$1. But in reality I think you'll find that far less than 50% would choose to drop, my guess would be about 1 in 3. I think €1-€2 psychologially just doesn't sound like you're playing at a much bigger level than $1-$2. Therefore if my hunch is correct the actual relative level of stakes people would be playing would be higher, this would suit the sites obviously as they make more rake. It would also suit winning players especially at the higher levels. In the games you and I play like $5-$10 plo, I have a feeling you won't see much of a drop off in numbers if it went to €5-€10 and hopefully 50% more profit too

I agree that you can't obviously keep switching between site currencies. I don't think it would be a wise move for sites to move to the yen, yuan(unless China legalises online gambling) or pound even if these currencies were strong, simply because poker people whose everyday currency are one of these represent a relatively small %, whereas the likes of the euro I would have thought is the currency of probably at least 80% of ipoker's clientele.

Wrongly or rightly I think it would be off putting for the poker masses if they saw ipoker had switched to the likes of the Chinese Yuan

strewelpeter

It shouldn't matter what currency the game is played in. All sites should hold your bank in your own currency and buy in and out of games at the same rate.
Simple.

Jayminator

strewelpeter wrote: »

It shouldn't matter what currency the game is played in. All sites should hold your bank in your own currency and buy in and out of games at the same rate.
Simple.

.

YULETIRED

Whilst we are on the subject. Isn't the buy in to the WSOP events getting a lot cheaper for Europeans this year so perhaps a mass exodus to Vegas may result for the bracelet events in 2008. Can you buy in now for any of them or do you have to wiat? Let's face it a 1000 dollar buy in now is within range of most of the regular EOM tourny players in Irealnd. Indeed I am tempted myself to head to vegas and play a side event or two.....having said that my hatred of flying might curtail that wee adventrue.....I predict a European winner of the WSOP ME this year....