Two Plus Two Publishing LLC Two Plus Two Publishing LLC
 

Go Back   Two Plus Two Poker Forums > General Gambling > Sports Betting

Notices

Sports Betting Discussions related to wagering on sporting events.

Reply
 
Thread Tools Display Modes
Old 09-24-2011, 01:30 AM   #46
Pooh-Bah
 
Join Date: Dec 2004
Posts: 3,644
Re: how are sportsbook.com's payouts?

Quote:
Originally Posted by acesover8s View Post
Shills gonna shill, but I've had an account there for 5 years ish and have never had trouble getting paid. $50k plus over that time. There's been some slow pays, and they've warned me and limited me, but I'm still getting paid. Account to debit card in < week. Used to do wires and checks, but debit is faster.

My experience with them is very similar.

Sportsbook is a book which will look to **** you if you are a winner and they can find a reason (supposed bonus abuse, nit-picking of bonus terms, correlated parlays, etc.) However, they are a very large square book and I don't believe for a second these delays were caused by lack of liquidity.
Post-Oak is offline   Reply With Quote
Old 09-24-2011, 01:43 AM   #47
veteran
 
Join Date: Sep 2002
Location: Cookie Monster Singing
Posts: 3,438
Re: how are sportsbook.com's payouts?

Quote:
Originally Posted by RoundTripper View Post
can u explain debit please? only options i see is check and bank wire. out of the 2 i assume bankwire is faster. where did you find debit?
It's an option in the cashier screen for me. Maybe not everyone? Anyway, it sat there for 6 months before I clicked on it. They send you a debit card with your first withdrawal, took 3 weeks or so to get it. Now I get free withdrawals to the debit card whenever I want. I've had this option at 2 other books, but they've closed them down pretty quick.
acesover8s is offline   Reply With Quote
Old 09-24-2011, 02:25 AM   #48
banned
 
RoundTripper's Avatar
 
Join Date: Aug 2011
Location: location, location
Posts: 650
Re: how are sportsbook.com's payouts?

Quote:
Originally Posted by acesover8s View Post
It's an option in the cashier screen for me. Maybe not everyone? Anyway, it sat there for 6 months before I clicked on it. They send you a debit card with your first withdrawal, took 3 weeks or so to get it. Now I get free withdrawals to the debit card whenever I want. I've had this option at 2 other books, but they've closed them down pretty quick.
wow i wish i jumped on that, sounds like a great option..
RoundTripper is offline   Reply With Quote
Old 09-25-2011, 12:40 AM   #49
centurion
 
Join Date: May 2011
Posts: 143
Re: how are sportsbook.com's payouts?

I did a wire transfer from them recently for about 5.6k and and went smoothly. It took about 5 1/2 weeks but I couldn't be too angry about it as it does state on their site that wires typically take 4-6 weeks and I received it in that time frame.

It was a bit disappointing to see my bank account only credited for 5.3k though. When I used to do wires through Full Tilt it would usually show up about $50 short and those were 7k wires. Full Tilt claimed the intermediary bank charged a fee, which is reasonable. $300 on a $5,600 withdrawal seems a bit steep though. Not a deal breaker in this environment though.
ratm2525 is offline   Reply With Quote
Old 09-25-2011, 05:10 AM   #50
old hand
 
Join Date: Sep 2002
Posts: 1,501
Re: how are sportsbook.com's payouts?

Quote:
Originally Posted by Post-Oak View Post
I don't believe they are low on funds. I believe they were having processor issues (looks like they may have fixed them now). This has happened in the past. They have paid me large sums over the years, but there have been times when they have processor issues and it take a long time to get payed. At other times, they are able to send bank wires which take 48 hours or less (really blew me away the first time this happened).
In my experience, a book basically begging players not to cash out for whatever reason (in this case, offering a big bonus to players for retracting their cashout request) is a huge red flag, particularly at a time when books should be flush with deposits.

Quote:
How sure are you that you remember this correctly? I had +EV futures bets cancelled by a sister book of Sportsbook which DID leave the US market (was called sportingbet or sportingbetusa or some ****). Sportsbook never cancelled any of my futures bets and never claimed to be leaving the US market. Are you sure you are not ****ing up this story?
Yes, I am sure I'm remembering correctly, and this was a couple months before Pinnacle left the US market. As I recall Pinnacle left in Jan 07 and these future cancellations happened in the 2nd or 3rd week of Oct 06 (it was during the NLCS and ALCS.) I only had an account with one book in the sportsbook.com family, the main sportsbook.com site. When they announced they were leaving the US market, they voided all of my pending futures and invited me to open an account with a sister book playersonly.com. So I opened an account with playersonly.com and assumed that they would simply transfer over my pending futures, but they didn't. I filed an SBR complaint and Dozer's exact words were "there's no reason they can't transfer your pending futures to the new book" but they never did so. I'm sure it's not a coincidence that my pending futures had significant +EV. Very shortly after sportsbook.com voided my pending futures, I believe 3 weeks later, I got an email from them that they were returning to the US market.

I'm not sure if the leaving the US market and then returning thing had to do with reorganizing the company or what, but the fact of the matter is that I had lots of pending futures cancelled for no good reason. If they really had to leave the US market immediately, I told SBR I'd be more than happy for a mediator to calculate current value of the futures and give me that but sportsbook.com was unwilling to transfer any of my bets from sportsbook.com to playersonly.com.

Most of the CPs of mine that they voided weren't even all that ridiculously correlated. I had a lot of hockey ones that, while +EV, weren't exactly printing money.
beetman is offline   Reply With Quote
Old 09-26-2011, 10:52 AM   #51
Pooh-Bah
 
Join Date: Dec 2004
Posts: 3,644
Re: how are sportsbook.com's payouts?

OK, I think I figured out why our experiences are so different. I have been a Sportsbook.com customer for over 10 years and they never cancelled any futures wagers of mine even as their sister book SportingbetUSA was doing so when they left the US market. Both of those books used to be under the Sportingbet Plc banner (Paradise Poker too).

It seems that SBook DID cancel futures wagers of customers who live in select states, and that these customers had their accounts closed. This doesn't seem to be what you are describing though, which still has me confused. Did they close your account???

Because I know they never told me they were leaving the US market and they never cancelled any of my pending wagers.

From SBR:

Quote:
10/11/2006 09:06 PM
Sportingbet Plc, the parent company of sportsbook.com, also released a statement today saying that it would look to sell its US-focused brands.

10/12/2006 04:47 PM
Sportingbet PLC sells sportsbook.com (SBR rating D+) and US-facing business to "existing management team"

Statement: Sportingbet announces that it has sold, on 12 October 2006, its US-facing sports betting and casino business (the “US Operations”) to Jazette Enterprises Limited (“JEL”) (the “Disposal”). Sportingbet received cash consideration of US$1 for the shares and related assets of the US Operations, and has discharged excess liabilities amounting to approximately US$13.2 million. Had the business been closed, the Board estimated that the cost of severance and closure would have amounted to approximately US$14.0 million – a total saving of circa US$27.2 million. Full Statement

The press release suggests that Wallstreet, Aces, and SportingbetUSA (SBR rating D+) will move US players under a different brand, likely sportsbook.com. Sportingbet Plc has retained ownership of these highly marketable website domains. Paradise Poker will relinquish its share of the US poker market. The poker giant will also be retained by Sportingbet Plc and cease taking deposits from US players at 11:00 a.m tomorrow.

SBR is currently investigating claims that the group has canceled winning future wagers of players who reside in US states that have specific laws against gambling.

10/13/2006 06:39 PM
Sportingbet Plc partially reverses decision to cancel winning bets
After Sportingbet Plc severed itself from its US-serving brands, complaints began to flood the SBR mailbox. Non-US players in the newly sold sportsbooks were told that all pending bets would be canceled. This was due to the new company, Jazette Enterprises Limited’s noncompete agreement with Sportingbet Plc. Jazette (JEL) agreed not to service non-US players and to steer its international players back to the Plc’s remaining non-US serving sportsbooks. Fortunately, Non-US players were contacted this evening and told their accounts would be maintained and transferred to a different sportsbook. However, JEL decided to acknowledge specific US State laws and discontinue servicing players where they apply. sportsbook.com and its sister sites have told players living in the offending states that they will not be paid their impending winnings. SBR will discuss the remaining complaints with individual property managers/owners. Players with canceled winning wagers or canceled wagers that have gained market value should contact SBR.


11/17/2006 10:19 AM
Gambler loses winning bets at sportsbook.com
sportsbook.com (SBR rating D+) chose to cease servicing players in select states that have individual laws against gambling and void all pending bets. Below is the latest complaint from a player cheated by sportsbook.com.

Player: As I would imagine you are already aware, sportsbook.com has disabled accounts for all betters in states with specific laws against online gambling. This went into affect about 5:00 Tuesday November 14th. All pending future bets were graded as no action. Unfortunately, I have bets that included $300 to win $1000 on Johan Santana for AL Cy Young, $100 to win $1200 on Derek Jeter to win AL MVP, as well as bets on Albert Pujols and Ryan Howard to win NL MVP which would have brought a minimum of a $190 profit. So instead of being paid off on these wagers, I have been told I will only get back the amount of the wagers themselves. I was sent a message saying a total of $3921.38 would be sent to me via Federal Express in the next couple of days, the problem is that with my balance and the total of the pending wagers, the amount should be for $4351.38 or for $430 more than what they claim they owe me.


If you, or anyone else, can show me emails which show the following events occurred, I will ship you/them $300:

1. Sportsbook.com says they are leaving the US market
2. Sportsbook.com cancels futures wagers because they are supposedly leaving the US market
3. Sportsbook.com announces they are staying in the US market but does not reinstate the pending futures wagers.

Simply put, I don't believe for a second that what you describe happening to your account actually happened. If you can show me emails, I will ship you $300.

Did this have to do with the state you live in (not US market as a whole)? If so, did they really re-open your account after claiming your state was ineligible?
Post-Oak is offline   Reply With Quote
Old 09-26-2011, 11:02 AM   #52
Pooh-Bah
 
Join Date: Dec 2004
Posts: 3,644
Re: how are sportsbook.com's payouts?

Quote:
Originally Posted by beetman View Post
In my experience, a book basically begging players not to cash out for whatever reason (in this case, offering a big bonus to players for retracting their cashout request) is a huge red flag, particularly at a time when books should be flush with deposits.
I believe I was one of the first posters (over at SBR) to point out that WSEX's rapidly changing withdrawal policies (lower maxes, higher fees, bigger delays) were indications that the book was insolvent. I caught a lot of **** for saying that. In SBook's case, I do not get the idea that they are insolvent. It sounds like their typical processor issues. Again, I have been a customer for over 10 years.

Go here and read about SBR hammering sportsbook about bank wire slow pays for years and years...

http://www.sportsbookreview.com/sbr/sportsbook.com/



Here's a couple of examples from 2004 and 2007:

Quote:
5/21/2004 03:53 PM
sportsbook.com (SBR rating C) experiencing all too familiar slow pay complaints. Just two weeks after a rare upgrade, SBR is forced to lower sportsbook.com to a rating of C. SBR is hit with no less than 10 complaints on sportsbook.com. Players should note that SBR recognizes that sportsbook.com has a good selection of summer sports including tennis, golf, NASCAR, ect. Players funds are not at risk however players need to realize that this is a difficult book to get a payout. sportsbook.com is known in the industry to have deep pockets but short arms.
Quote:
4/12/2007 06:23 PM

sportsbook.com Group continues to struggle with processing
After nearly two months without a financial processing service, sportsbook.com (SBR rating D+) was able to process some withdrawals, mostly by bank wire, at the end of March. Since then, SBR has received over 100 emails from additional slow-paid sportsbook.com players. Management tells SBR that bank wires are no longer the optimal method due to volume restrictions from the processor, and that it plans to add a second wire provider within two weeks. While checks are currently the better option, the book is unable to reduce the amount of past-due withdrawals as word of the problems continue to spread prompting more cashout requests. SBR is told the Jazette Group plans to send all players an email on behalf of management tonight in an attempt to reassure its users.

Sportsbook is now paying people. People are receiving bank wires and checks. Apparantly it was just their typical processor issues. They are shady and incompetent, but not insolvent.
Post-Oak is offline   Reply With Quote
Old 09-26-2011, 11:05 AM   #53
Pooh-Bah
 
Join Date: Dec 2004
Posts: 3,644
Re: how are sportsbook.com's payouts?

...

Last edited by Post-Oak; 09-26-2011 at 11:07 AM. Reason: double post
Post-Oak is offline   Reply With Quote
Old 09-26-2011, 07:39 PM   #54
old hand
 
Join Date: Sep 2002
Posts: 1,501
Re: how are sportsbook.com's payouts?

Quote:
Originally Posted by Post-Oak View Post
It seems that SBook DID cancel futures wagers of customers who live in select states, and that these customers had their accounts closed. This doesn't seem to be what you are describing though, which still has me confused. Did they close your account???
It may have been my particular state where they voided wagers. The email they sent definitely said "we are leaving the US market" but it's possible they only sent it to people in certain states. The weird thing though is that I live in Pennsylvania, and I've never heard of any specific PA law against online gambling. I've had many sportsbook and poker accounts, probably something like fifty sportsbook accounts and seven or eight poker ones, and I've definitely never had any book close my account specifically because I live in Pennsylvania, other than perhaps sportsbook.com if they did in fact only cancel futures from players in particular states.

They did close my account and invited me back about a week or two later, maybe three weeks. This is the chronology--sportsbook.com emailed me and said they were leaving the US market, closed my account, and sent my remaining balance plus the stake amount from all pending futures. As I recall they sent the entire balance to my Neteller account. They invited me to join their sister book playersonly.com which did serve US players. I filed an SBR complaint and whoever took my complaint, I believe Dozer, said "There's no reason they can't simply transfer your pending wagers to the playersonly.com account" but they never did transfer them. About one, two, or three weeks later, I got an email from them saying "Exciting news! You can now rejoin sportsbook.com!" I don't recall if I had to sign up again or if they automatically recreated my account for me, but I again asked them to reinstate my pending futures and they refused.

Quote:
If you, or anyone else, can show me emails which show the following events occurred, I will ship you/them $300:

1. Sportsbook.com says they are leaving the US market
2. Sportsbook.com cancels futures wagers because they are supposedly leaving the US market
3. Sportsbook.com announces they are staying in the US market but does not reinstate the pending futures wagers.

Simply put, I don't believe for a second that what you describe happening to your account actually happened.
LOL. You quoted an SBR complaint that's almost exactly identical to what I described that occurred at the same time I described it and you still don't believe me. Whatever.

Quote:
Did this have to do with the state you live in (not US market as a whole)? If so, did they really re-open your account after claiming your state was ineligible?
It's possible it had to do with my particular state, but they didn't tell me it was because of my particular state, and yes, my account was reopened very shortly after they closed it. Neither of the two sites below list any sort of Pennsylvania anti-online gambling law, and the only thing I was able to find is that a bill was introduced banning online gambling in 2003 but it died in committee.

http://sunshine-slots.com/gambling-for-us-players.html
http://www.gambling-law-us.com/State-Laws/Pennsylvania/

The various sportsbook.com thefts are well documented and you found an SBR complaint almost identical to mine, so I have no idea why you wouldn't believe me.
beetman is offline   Reply With Quote
Old 09-26-2011, 09:08 PM   #55
Carpal \'Tunnel
 
kyleb's Avatar
 
Join Date: Sep 2004
Location: Seattle
Posts: 38,520
Re: how are sportsbook.com's payouts?

Then claim the $300?
kyleb is offline   Reply With Quote
Old 09-26-2011, 11:13 PM   #56
old hand
 
Join Date: Sep 2002
Posts: 1,501
Re: how are sportsbook.com's payouts?

Quote:
Originally Posted by kyleb View Post
Then claim the $300?
Oddly enough, I don't have emails from five years ago saved.
beetman is offline   Reply With Quote
Old 09-26-2011, 11:16 PM   #57
Carpal \'Tunnel
 
kyleb's Avatar
 
Join Date: Sep 2004
Location: Seattle
Posts: 38,520
Re: how are sportsbook.com's payouts?

no gmail, boourns
kyleb is offline   Reply With Quote
Old 09-26-2011, 11:56 PM   #58
Pooh-Bah
 
Join Date: Dec 2004
Posts: 3,644
Re: how are sportsbook.com's payouts?

Quote:
Originally Posted by beetman View Post
LOL. You quoted an SBR complaint that's almost exactly identical to what I described that occurred at the same time I described it and you still don't believe me. Whatever.

Well I don't think you are a liar, but I do think you are getting two different Sportingbet PLC sites confused. You have been a member of about 50 betting sites? The exact thing you describe happening to you did happen to me! At SportingbetUSA, a former sister site of Sportsbook.com (both were under the Sportingbet Plc banner).

Again, I simply don't believe that what you describe happening to you at Sportbook.com happened. The reason is that I am a long time customer and I never received such an email. Furthermore, I have been following the forums for a long time and don't remember reading about Sportsbook.com doing that. It is possible in your case it was do to your state of residence, but then why would they claim they were leaving the "US market"?

Again, I do not think you are a liar. But I do not believe that it happened as you describe. This was years ago and the story is just not making much sense.

Again, the free $300 is open to anyone who can show me an email (cue some random scammer to whip up a fake email ).
Post-Oak is offline   Reply With Quote
Old 09-27-2011, 12:48 AM   #59
old hand
 
Join Date: Sep 2002
Posts: 1,501
Re: how are sportsbook.com's payouts?

Quote:
Originally Posted by Post-Oak View Post
Well I don't think you are a liar, but I do think you are getting two different Sportingbet PLC sites confused. You have been a member of about 50 betting sites? The exact thing you describe happening to you did happen to me! At SportingbetUSA, a former sister site of Sportsbook.com (both were under the Sportingbet Plc banner).
I'm certain I never had an account with SportingbetUSA. Note that the SBR complaint that's almost identical to mine mentions sportsbook.com.

Quote:
The reason is that I am a long time customer and I never received such an email.
It's possible I have a minor detail wrong and the email said "We are leaving your jurisdiction" which I took to mean the US but was actually my state. But again, I've never heard of an online gambling law in Pennsylvania and no other book that I use has ever specifically left Pennsylvania.

Quote:
Furthermore, I have been following the forums for a long time and don't remember reading about Sportsbook.com doing that.
<snip>
Again, I do not think you are a liar. But I do not believe that it happened as you describe. This was years ago and the story is just not making much sense.
Huh? You quoted an SBR complaint about sportsbook.com that was almost exactly what happened to me. I may be confused about leaving the US vs leaving Pennsylvania, but in either case they clearly stole from me by not reinstating the wagers. I don't know why you think it isn't making sense since there's an SBR complaint identical to mine, and sportsbook.com has a history of stealing from people. It's not like I'm accusing the Greek or Bookmaker here.

Last edited by beetman; 09-27-2011 at 12:54 AM.
beetman is offline   Reply With Quote
Old 09-27-2011, 09:17 PM   #60
Pooh-Bah
 
GreenSmoke85's Avatar
 
Join Date: Aug 2007
Posts: 4,095
Re: how are sportsbook.com's payouts?

Quote:
Originally Posted by GreenSmoke85 View Post
I am in the same boat for low 5 figures. BLEHHHHHHHHHHHHHHHHHHHHH
got this today. boooom rhinoooo


did everyone get the email about the "new sportsbook.com" starting tomorrow?
GreenSmoke85 is offline   Reply With Quote

Reply
      

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -4. The time now is 01:49 AM.


Powered by vBulletin®
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 ©2011, Crawlability, Inc.
Copyright © 2008-2010, Two Plus Two Interactive