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Juicy Stakes secret no withdrawal policy

Discussion in 'Casinomeister's Poker Room' started by jolub, Apr 22, 2016.

    Apr 22, 2016
  1. jolub

    jolub Experienced Member

    Occupation:
    retired
    Location:
    Michigan, USA
    Juicy Stakes secret no withdrawal policy

    From: Juicy Stakes Poker [mailtooker@juicystakes.com]
    Sent: Tuesday, April 19, 2016 2:29 PM
    To: 'Jolub@wideopenwest.com' <Jolub@wideopenwest.com>
    Subject: Juicy Stakes Withdrawal request

    Dear James,
    I hope this finds you well and thank you for choosing Juicy stakes!
    Unfortunately your pending withdrawal of $428 via Check has been declined.

    This is due to you not meeting the Frequent Player Points (FPP) requirement that would qualify you to receive a cash-out.

    I ask that you accumulate 1025 FPPs before your next withdrawal.
    Should you have any queries please do not hesitate to contact me!


    Best regards,


    Nikki
    Juicy Stakes Brand Coordinator

    Call us toll free:
    +1 877 833 1271
    You must register/login in order to see the link.
    This email is not visible to you.


    NOTE: Juicy Stakes email address no longer works. I did contact their online support.

    Hello, your General Support representative is Maxine
    Powered by SightMax

    Welcome to Juicy Stakes Jolub, Maxine will be right with you. Your chat ID is SMX041916101732-16092.

    Maxine
    Welcome to Juicy Stakes Live Chat service. How may I assist you today?

    Maxine
    I can certainly check on that for you.
    Jolub
    Yes, please

    Jolub
    I was told by email that I need an another 1075 FPP to make a withdrawal,

    Jolub
    this is ab out 400-500 $5.00 buy ins
    Jolub
    How can this be?

    Maxine
    The information was sent to you by our management team in regards to the points that you are required to accumulate, this is determined by our Management team.

    Jolub
    Where can I read about this on JS?

    Jolub
    This was never mentioned to me before.

    Maxine
    I do understand, however these requirements are determined by our Management team.
    Jolub
    Where can I read about their requirements?

    Jolub

    Maxine, are you still with me?

    Maxine
    I am still with you.

    Jolub
    Are you going to answer my question?

    Maxine
    I regret to advise that this is not stated on our website, however it is determined by our Management team.

    Jolub
    Yes, I know because no one would make a deposit.
    Jolub
    Maxine, are you still with me?

    Jolub
    I'm also unable to email you.

    Maxine
    Sorry for the delay.

    Maxine
    I am unable to go above our Managements decision.

    Jolub
    no problem

    Jolub
    How long has JS had a no withdrawal policy?

    Maxine
    Juicy Stakes has been in business since October 2013 and our policy remains the same.

    Jolub
    No it isn't. You now have a no withdrawal policy.

    NOTE: This email says it all.


    Hello, your General Support representative is Caslyn
    Powered by SightMax

    Welcome to Juicy Stakes Jolub, Caslyn will be right with you. Your chat ID is SMX041816111230-15935.

    Jolub
    thank you

    Caslyn
    I will be more than happy to assist with your query.

    Jolub
    How much rake have I paid this April?

    Caslyn
    You have 43.23 in rake thus far.
    Jolub
    I would like to make a free withdrawal

    Jolub
    What do I do?

    Caslyn
    You just need to submit your withdrawal

    Jolub
    What about the free part?
    Jolub
    Caslyn are you still there?

    Caslyn
    It's not required to be requested.

    Caslyn
    Once you submit the transaction and you qualify

    Caslyn
    It will be offered

    NOTE: Nothing mentioned about the FPP secret requirement. For a $5.00 buy in, $4.68 for the prize pool and $.32 for the rake. Plus 2.24 Frequent Player Points for participating in the tournament.

    1075/2.24 = 479.91 games. Which is nearly an impossible number of games to play. There is also no guarantee that this number would be revised upwards.
     
  2. Apr 22, 2016
  3. lockinlove

    lockinlove Staring into the sun PABaccred

    Occupation:
    I work :D
    Location:
    Canada
    Just curious as to why you would play here? There has been tonnes of issues with the cake poker/juicy poker thing.

    Anyways, they are doing this because they have some pretty big processing fees. Its not right but looks like its their bs policy

    Id suggest learning how to play plo8 and grinding microstakes to reach the FPP if you dont want to play a million $5 sitngos.
     
  4. Apr 23, 2016
  5. jolub

    jolub Experienced Member

    Occupation:
    retired
    Location:
    Michigan, USA
    As other skins closed, I was forced to have my money moved there. They've done the same thing to other players.
     
  6. May 11, 2016
  7. kahntrutahn

    kahntrutahn Full Member webby webmeister

    Occupation:
    Professional Poker Player and Affiliate for 14 yea
    Location:
    Abroad
    Juicy Stakes was once owned by Cake Network itself. It was created to separate their US players from the Cake brand, for legal reasons. In case you didn't know, Cake is broke.

    Doyles Room took a huge chunk of money out of the network when they left. Estimates of 5-11mm USD. A couple years later Cake got into bed with Lock Poker and caught a virulent case of the Herp. Lock Poker went bust owing, in my estimate, $15mm to players, cake, affiliates, and other network partners. Thanks Jennifer Larson! (we never worked with Lock, it was obvious to me it was an unsustainable business model)


    So Juicy Stakes was basically an unfunded company with a massive black hole for a balance sheet. It was basically given away to pay off Cake Network debts. The new owners gained nothing in exchange for it financially, just inherited the player base.

    It has mostly US players. Processing for US players is expensive. Their policy thus, is to recoup some of those funds. In order to do so they require a certain amount of play-through before they release real money from their accounts in exchange for the non-real money in the Juicy Stakes accounts they inherited. They still lose bigtime on people who do the minimum to withdraw. But at least those players provide network liquidity and help in other ways.

    Is it ideal? HELL NO! But I do respect that they are trying to make good on other people's debts.

    The playthrough requirement for new players is not nearly as severe, and is pretty much standard on US-friendly sites (10% of amount deposited in rake/fees). The old players have to put in more work to get their phantom funds exchanged into real dollars.

    There is a lot of information on 2+2 about it, in the Internet Poker forum, in a You must register/login in order to see the link..


    FYI, playing cash games yields far higher FPP production and can close that gap far earlier. Casino games also earn FPPs and you can pick a low edge casino game and play perfect strategy to generate your FPPS. Now, obviously you won't get full value on your money doing it that way, but, mathematically, you can figure out what you stand to recoup. Again, I know this isn't ideal, but you're basically trying to collect a debt that the original owners of Juicy Stakes defaulted on... :(
     
    1 person likes this.

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