General Discussion Poker Forums

The main problem I see is that you'd be essentially setting yourself up as a money launderer.

Yea, probably need to remove the help with funds transfer, and just let people do swaps between sites, which happens 10k times a day anyway... but yea, you get the idea

The main problem I see is that you'd be essentially setting yourself up as a money launderer.

Not to mention the ridiculous trust issues prevalent in the entire operation, as well as the significant initial amount of capital you'd need. If people want to do this they should set it up individually with friends; setting up a service for this thing is imo at best shady and a worst a recipe for big-time fraud/crime.

I would advise against attempting to do what you are planning to do. If you get caught, everyone involved with the business (staff, owners, customers) will have everything froze and lose it all.. sorry

If our hypothetical player in question wants to play on Euro sites that badly it would be easier and far more legal to just move.

If our hypothetical player in question wants to play on Euro sites that badly it would be easier and far more legal to just move.

This would also have the advantage of avoiding American taxes on winnings.

Hopefully I'm not too late to add my comments in.

I started playing NL at Party Poker from October 2008 - December 2008. I had a winning record over 20K hands, but always wanted to get rakeback. So I switched to FullTilt. I played 25NL and 50NL, then got ybother as a coach in Feb. I also got improva's book in May. Overall I have played 30K hands at50NL at 13.5bb/100. That plus rakeback has been great.

Hearing about the fish at Party Poker and other Euro sites makes me want to play there. But as others have said, the fish are not really just gonna hand over their money. I'm happy with my current rate against mainly weak/tight TAGs at FullTilt, so think it is +EV to just stay there.

Advice for the OP: the grass is always greener on the other side. You are best to stick with your current situation and learn how to take advantage of it. It may not be easy, but it is possible.

It is great how much you learn playing poker can be applied to life in general.

This would also have the advantage of avoiding American taxes on winnings.

No you still owe taxes for a long period of time (10 years I think?) even after you give up your citizenship. It's pretty ridiculous. This is only really an option if you plan to never return to the US, which is pretty tough when you have family here.

No you still owe taxes for a long period of time (10 years I think?) even after you give up your citizenship. It's pretty ridiculous. This is only really an option if you plan to never return to the US, which is pretty tough when you have family here.

Wow. Now that's a beat.

No you still owe taxes for a long period of time (10 years I think?) even after you give up your citizenship. It's pretty ridiculous. This is only really an option if you plan to never return to the US, which is pretty tough when you have family here.

I'm pretty sure that this is a misconception, b/c we had a big debate about it in the politics forum on 2p2 once. I THINK they said that if you actually literally renounce your US citizenship, you don't have to pay. But that seems pretty foolish. Either way I'd make sure to confirm that somewhere.

I'm pretty sure that this is a misconception, b/c we had a big debate about it in the politics forum on 2p2 once. I THINK they said that if you actually literally renounce your US citizenship, you don't have to pay. But that seems pretty foolish. Either way I'd make sure to confirm that somewhere.

I think it depends on the specifics of the country and the personal situation, but mogwai is right, there is some type of period where one would often owe tax compensation even after renouncing.

Moving would still have its benefits though...

I def suggest moving outside the usa. It's the best! I am ready to go back to Japan after about a week anyway. Life (and poker) is better elsewhere!

Life (and poker) is better elsewhere!

wherever you are....?

fwiw, cake is pathetic in comparison to FT and stars

Cake plays just the same as FT these days because players such as yourself would not shut up about how soft the games were and decided to tell everyone about it and turn the games into a 2+2 reg fest.

I'm pretty sure that this is a misconception, b/c we had a big debate about it in the politics forum on 2p2 once. I THINK they said that if you actually literally renounce your US citizenship, you don't have to pay. But that seems pretty foolish. Either way I'd make sure to confirm that somewhere.

I believe the bottom line was that you still owe the taxes, but if you are never returning to the USA, there is no longer jurisdiction that applies. If you ever return, you would have to rectify your tax situation first, and I'm sure there would be enormous fines.

I'm curious about the most common differences you notice between US and Euro players? Or rather, between different nationalities?

I'd like to check out Ladbrokes. Does anyone know if you can play the EUro sites if you are living in Indonesia or Malaysia (Kuala Lumpur)?