actually, given it more thought and realised the entire premise of the OP is incorrect. MA dont change the money in the bank from $, it goes in as $, it comes out as $. it is the player base that has the exposure to currency rate changes. the only risk MA has to deal with is with the ammount they skim off for themselves for operational expenses.
Dollar vs. PED, Hell is about to break loose?
- Thread starter tiebender
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Cougar
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Also this is not as favorable to MA as it seems, because (although highly unbelievable to many, MA doesn't care about your depo/withdraw rate or makes money with it) if you read their 2nd quarter financial statement you see there stated that if the $ kept the same value as last year their winnings would have been 10% higher.
Igorl
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sorry for 2 posts so close, wanted to quote this:
here's what happens:
I buy a UKash voucher for 20 POUNDS, deposit this into my avatar,
MA convert to USD rate then multiplies by ten for PEDS
I cash out and MA change PEDS to DOLLAR value but pay EUROS to my account.
:huh:
real-life scenario for me: I cash in and spend it all, rinse and repeat
Uhm
Sorry, but I dont really understand your remark
Ive read it several times.
So: you buy a 20L voucher.
It buys 400 PEDs - fee, lets say 380 peds.
You cash out: 380 PEDs - fee, lets say 360 peds.
360 peds = 30E in your account ~ 18L
Im obviously missing the part where you earn $$ from the scheme...
I.
P.S.
Dont hold me for exact numbers...
Visit forex.com to find out what is the currency market ratio ATM.
