Euro's vs. Dollars

[PointerJake]

I have been playing a lot on doyles pokeroom lately, and on this site you can play with either dollars or euros. They have seperate tables for each.

So here is what I have been thinking and somebody tell me if this makes sense or am I missing something.

Right now the rate is around 20 US dollars = 15 Euros. So I am thinking of buying in with 50 or so US dollars and playing at the euro tables, hoping to build a good size bankroll there and then cashing out in US dollars.

My thinking is that if i start out with a small amount of us dollars and play in euros when i exchange them back over to U.S. dollars, I will make a bigger profit then playing in the US dollar format. Am I missing something?

[irishpkr]

The only problem being that, if your bankroll is fixed in one currency, ie $$, the exchange rate will still be the same when you leave the table as it was when you get up, so it makes no difference

[Fictive]

Yup, you are missing something. The exchange rate stays the same. Hell, if there was profit to be made toying with the exchange rates, everyone would do it and make profit. The only was you can make any profit from that is if you buy a whole lot of euros when the exchange rate is favorable, and sell when/if it swing the other way. For example, right now 1€ is around 1,44$. So basically if you now buy 1000€, it would cost you $1444. If dollar goes down again like before when it hit about 1.70 to 1€, then you would make $1700 selling that 1000€ you bought earlier. Get it? Maybe I explained it a little bad, but anyway.

[powrdragn]

Yeah, here's the way you need to look at it:

Yo buy into a EU table with $100 USD. That's about $69 EU if I'm not mistaken.

If you cash out $150 EU you'd have about $216 USD.


But if you played that same $100 USD at a USD table and won the same percentage, you would be cashing out about $217 USD. So, adjusting the percenatges, it's the same amount of money.

[Krahsami]

Only way to make a bigger profit is to rock the entire table or switch to a higher limit.

Although some ppl have made huge profits in currency the way they do it is invest millions at one time when it is low and sell it all off when its higher than when the bought it. even making a couple pennys per $ adds up with enough dollars in.