Your Bankroll Is Not A Bank Account!
Your Bankroll - the money you have online for playing backgammon. There is a reason why a Bankroll is called a Bankroll and a Bank Account is called a Bank Account. But still there are players that keep thousands of dollars/euro online to please their ego, see large sums of money when they check their balance or for whatever other reason. Let me present you a situation that is very realistic if you are a skilled and winning backgammon player.
Win Big Cash + Withdraw It All At Once = Meet The Wall
You are a great backgammon player, you won money from weaker players. Repeat it for few days, a week, a month and then suddenly you end up with $1000 or $2000 in your account. What better than to withdraw it and treat yourself properly with it.
Well I can tell you very often this will result in your account being closed for investigation. This is the exact thing that any backgammon, betting or poker site watches out for. Winning big amounts of money in a short period and withdrawing it results a big red alert for the website.
If you happen to be in such a situation you will exchange countless emails with support, send them IDs, utility bills and whatever else they ask for. You may even end up explaining certain games or game situations to verify your skills or they will want some proof of visiting real life backgammon events.
Stop Right There And Don’t Go Through All Of This Trouble
Keeping small amounts of money and making small transactions will almost certainly keep you under the radar of backgammon sites. This is not the only benefit.
Heard about Full Tilt Poker? It was one of the most secure poker sites on the internet, second largest after PokerStars. About a year ago it license was taken because Full Tilt Poker used player deposits to keep the company running. Basically it was a Pyramid Scheme. Some players had $10 000+ in Full Tilt Poker. How can you keep $10 000 on a sites operated in Malta/Gibraltar/Isle of Men/Israel/Who knows where and feel safe?
You probably are wondering “Well who was their licensee, weren’t they observing the financial balance and operations of Full Tilt Poker?”. Well Alderney Gambling Commision gave them a license to operate but what else can you expect from them. Most Backgammon, Poker, Betting and Gambling sites in general are based in small island or countries that have close to zero taxes. You want a regulatory institution to say “Hey you are not running your business properly and your customers are suffering from it. If you continue to do so we will take your license.” This will never happen. The fact with Full Tilt Poker was that they had this Pyramid Scheme running for months or even years. If the commission that had given them the license even mentioned something about the financial transactions Full Tilt Poker would have just packed their things and would have gone to another close to zero tax country.
Do you think that backgammon sites aren’t doing this as well? Maybe they are doing it but are just smarter. Should this concern you? Probably. Should you stop making money from online backgammon? Of course not.
The Conclusion Is
Nothing on the internet is safe and especially your bankroll. So don’t act like your bankroll is a bank account. It can never be so safe and nobody can guarantee it. Keep small sums online to keep potential negative consequences as low as possible. This advice is valid for online backgammon as well as for general gambling such as casinos & bingo.
About the Author
Nikolay is a computer sciences student from Bulgaria with more than 5 years of experience in poker & backgammon. I try to incorporate techniques from that industry into online backgammon to make it as popular as possible. I play backgammon for fun or money as it is an astonishing game.
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