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How can the sportsbooks pay in 4 to 5days max and Lock takes months? How can the sportsbooks pay in 4 to 5days max and Lock takes months?

05-13-2013 , 09:21 AM
1. Besides no money


The sportsbooks like 5dimes, Heritage, Bookmaker, and etc can and do process deposits and withdrawls via WU and MG very quickly

The options are there....Lock either does not want to pay out or does not have the funds.....

LOL row taking months
05-13-2013 , 01:23 PM
its %100 about the cash flow. I use 5dimes and they are fast and make you pay for the WU/cashout fees ~%10. Lock gives you the fee back on your 1st withdrawel.

i dont remember FTP's fees, but my brother uses probably every online sports book and he says the 10% fee are worth it when you can money back quickly.

I loved rakeback, getting cashback on my points, and WU-Back when i was a losing player but now that i had a good run i just want my money. these aggresive marketing tactics are killing locks cashflow.
05-13-2013 , 04:10 PM
Quote:
Originally Posted by mightytiny
1. Besides no money


The sportsbooks like 5dimes, Heritage, Bookmaker, and etc can and do process deposits and withdrawls via WU and MG very quickly

The options are there....Lock either does not want to pay out or does not have the funds.....

LOL row taking months
One of these sites you mention, send out checks in 1-2 days and they also have the debit card like bcp does where u get your money on the card 1-2 days max.......
05-13-2013 , 05:15 PM
All signs point to lack of funds.

We've seen this before, and it's a familiar pattern.
05-14-2013 , 12:31 PM
Quote:
Originally Posted by frommagio
All signs point to lack of funds.

We've seen this before, and it's a familiar pattern.
It's because the margins in Poker are much less than in Sportsbook and Casino.

Lock wants to trap your funds as long as they can, so that you continue to generate rake.

Lets use this for an example.

You decide to deposit $100 on lock. Their processing and operational costs are probably 8-12%. So that $100 deposit actually costed them $108-$112.

You decide to play 3 $10+1 heads up SNG's. You will all 3 and lets say have a balance of $130.

You decide to cashout your balance of $130. You've actually only generated $3 in rake, but its costed lock about $8-12 in processing fees and operational costs, not to mention if you signed up thru an affiliate, a % of that profit/rake is paid out to them.

See what I'm getting at here? You don't have to be a genius to figure out what they are trying to do. They are trying to lock your funds as long as they can so that they can generate as much rake and profit as possible.

      
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