Originally posted by tmannie
The problem with all these poker sites , if you read the comments on PokerScout, you will rather not play at any of them. Most of the sites do not even respond to their terrible reviews, which means there must be some truth to them.
This is due to player expectations. When rooms do the right thing, they are merely operating in a way to meet players expectation. So players won't post reviews saying that they received their cashout quickly and efficiently because this is what they expect as normal.
Typically, PokerScout player reviews are from 2 types of players:
1) Players that haven't received the service they "expected". In some cases their complaints are justified, in most cases they are not.
2) Players who have broken the Ts & Cs and don't even recognise that they have.
Poker rooms don't feel like they have to respond to those reviews as they have already had dialogue with those players in regard to their unrealistic expectations or breaches.
Also why do the sites not have insurance policy details to prove their clients deposits/a/c's are covered in case of the site getting into financial trouble.
When poker sites get into financial difficulties, it is either through bad management or poor policy decisions. You can't get insurance against that.
Another issue is that when a poker room goes under, all assets are pooled (including player balances) and secured creditors are paid first. Players are still considered unsecured creditors and get paid last. This happened most recently when PKR went under.
I believe that due to entering receivership, PKR had continued operating while insolvent. When Poker Heaven closed down, they had a phased orderly shutdown with players given time to withdraw their balances.
As a consequence, some rooms now hold player balances in trust accounts as a further safeguard that players money is protected.
I think the poker industry is ripe for a firm that can prove its software is sound and incorruptible(especially from the staff and owners) and the clients money including gains is safe no matter what happens ,
I don't think that any software provider can guarantee that their software is sound and incorruptible, only that they take all measures possible to ensure that it is.
Using PokerStars as an example, no staff have access to player funds. All player transactions are handled by a third party payment processors. PokerStars/FullTilt employees are forbidden from playing real money games (as a former member of our news team found out the hard way and almost lost his job).
and perhaps an independent body ,is required,
These already exists in regulatory bodies. If you are in a jurisdiction where the room is licensed, then you lodge a submission with your countrys' gambling regulator.
If you are in a "grey" market. most rooms will have a Rest of World regulator. Examples include Isle of Man, Kahnawake Gaming Commission, Malta Gaming Authority, etc.
Using PokerStars again as an example, if you were in the UK (white market), you would contact the UKGC. If you were in New Zealand (grey), you would contact Isle of Man.
Regards
Laz