Two Plus Two Publishing LLC
Two Plus Two Publishing LLC
 

Go Back   Two Plus Two Poker Forums > >

Notices

Sports Betting Discussions related to wagering on sporting events.

Reply
 
Thread Tools Display Modes
Old 12-15-2017, 03:20 PM   #1
Gallagher_
newbie
 
Join Date: Sep 2007
Posts: 44
Is it safe to keep a large balance on Bovada?

I'm interested in putting mid-five-figures into Bovada via Bitcoin and I'd likely keep it there for a number of months. I'm a pretty small stakes player (I put in a couple grand a month worth of action).

Would you feel safe holding this balance there? Will there be any issues with me making deposits and withdrawals of that size when I'm a smaller player?
Gallagher_ is offline   Reply With Quote
Old 12-15-2017, 04:35 PM   #2
Like
journeyman
 
Join Date: Mar 2017
Posts: 352
Re: Is it safe to keep a large balance on Bovada?

Theyve always treated me well but I still wouldnt be comfortable with a five figure balance on there, or any rec book like that.
Like is offline   Reply With Quote
Old 12-15-2017, 09:50 PM   #3
Hammerzitzen
centurion
 
Join Date: Dec 2011
Posts: 124
Re: Is it safe to keep a large balance on Bovada?

I fail to see the point, they limit you pretty quickly to pretty absurd stakes.
Hammerzitzen is offline   Reply With Quote
Old 12-16-2017, 09:43 AM   #4
SwoopAE
Carpal \'Tunnel
 
SwoopAE's Avatar
 
Join Date: Jul 2008
Location: I AM CAPITAO
Posts: 18,953
Re: Is it safe to keep a large balance on Bovada?

Why put that much in if you're a small stakes player? Just throw in the minimum that youll turn over on any given day/weekend if you're a small stakes guy.
SwoopAE is offline   Reply With Quote
Old 12-16-2017, 05:15 PM   #5
LegendaryLurker
newbie
 
Join Date: Sep 2015
Posts: 35
Re: Is it safe to keep a large balance on Bovada?

If you never use a VPN, maybe. If you ever use a VPN (even accidental), hell no.
LegendaryLurker is offline   Reply With Quote
Old 12-17-2017, 12:48 PM   #6
SuperSwag
Pooh-Bah
 
Join Date: May 2012
Posts: 4,288
Re: Is it safe to keep a large balance on Bovada?

As long as bitcoin keeps going up you should be fine. If bitcoin tanks though Bovada will lose a ton of money and could shut down. Just be aware.
SuperSwag is offline   Reply With Quote
Old 12-17-2017, 03:25 PM   #7
Gallagher_
newbie
 
Join Date: Sep 2007
Posts: 44
Re: Is it safe to keep a large balance on Bovada?

Quote:
Originally Posted by SuperSwag View Post
As long as bitcoin keeps going up you should be fine. If bitcoin tanks though Bovada will lose a ton of money and could shut down. Just be aware.
Scary thought and would defeat the purpose of me keeping my money there.

Surely they're liquidating their bitcoin into cash though?
Gallagher_ is offline   Reply With Quote
Old 12-17-2017, 07:34 PM   #8
LegendaryLurker
newbie
 
Join Date: Sep 2015
Posts: 35
Re: Is it safe to keep a large balance on Bovada?

Dude, convert into LTC or hold on Gemini or Coinbase. Bovada is going to give you some BS about having to rollover when you're ready to cash out.
LegendaryLurker is offline   Reply With Quote
Old 12-26-2017, 11:43 AM   #9
Weenus
enthusiast
 
Join Date: Jul 2017
Location: 1537 Teramo Street
Posts: 82
Re: Is it safe to keep a large balance on Bovada?

Quote:
Originally Posted by SwoopAE View Post
Why put that much in if you're a small stakes player? Just throw in the minimum that youll turn over on any given day/weekend if you're a small stakes guy.
Bovada has great dog lines so a sharp small stakes bettor will soon be a big stakes bettor.
Weenus is offline   Reply With Quote
Old 12-28-2017, 03:20 AM   #10
CodythePATRIOT
centurion
 
CodythePATRIOT's Avatar
 
Join Date: Oct 2017
Location: Socialism FTW
Posts: 145
Re: Is it safe to keep a large balance on Bovada?

Quote:
Originally Posted by LegendaryLurker View Post
If you never use a VPN, maybe. If you ever use a VPN (even accidental), hell no.
Could u elaborate on this?
CodythePATRIOT is offline   Reply With Quote
Old 12-29-2017, 06:15 PM   #11
The IRS
journeyman
 
Join Date: Apr 2006
Posts: 242
Re: Is it safe to keep a large balance on Bovada?

I fail to see why you would ever want to do this on Bovada. Unless you are a huge loser you won't be able to bet amounts justifying a mid five figure balance for long. They will pay you though, there's just no reason to have the money there.
The IRS is offline   Reply With Quote
Old 12-30-2017, 11:11 AM   #12
Wh1teNorth
grinder
 
Wh1teNorth's Avatar
 
Join Date: Jan 2015
Location: Finance Major & Limit Holdem Player
Posts: 624
Re: Is it safe to keep a large balance on Bovada?

I wouldn't feel comfortable keeping anything over $1k Bovada
Wh1teNorth is offline   Reply With Quote
Old 12-31-2017, 12:19 PM   #13
daringly
newbie
 
Join Date: Jul 2010
Posts: 18
Re: Is it safe to keep a large balance on Bovada?

I had a 30k balance there, and had no trouble getting BTC payouts. They usually took 2 days to get 5k. If you don't chase steam or play player props, you can play a long time there.
daringly 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


Forum Jump


All times are GMT -4. The time now is 08:49 AM.


Powered by vBulletin®
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Copyright ę 2008-2017, Two Plus Two Interactive
 
 
Poker Players - Streaming Live Online