Don't play with creditwagering.com

Quote Originally Posted by vanzack:

I agree with gmanea.

 

Look - I have major issues with this book with regards to their longterm viability - my opinion is that they have an absolutely unsustainable business mode.

 

But lets get a couple of things straight:  about 5 longterm posters have been paid and the one at SBR that is complaining seems to have issues about whether he followed their withdrawal rules or not.

 

So if the original poster has something factual to add - have at it - but posting things like "stay away from them, believe me..." with no facts to back it up are useless.

 

I am staying far away from them, and I advise others to do the same until they establish a track record - but I am also able to be objective about the facts so far.

 

Right Vanzack... but you know it and I know it... It would probably take a year or longer for us to trust them. Especially, with your kind of bankroll? Wow... like walking on pins and needles. I mean lets face it... they certainly have everyones attention... now how professional are they going to be? This creditwagering.com has a wild card somewhere... and it's yet to be seen.

why would the size of anyones bankroll matter when it comes to the risk they take using creditwagering.com? Lets not forget, the whole point to their business model is that the player doesnt front any money, so therefore vanzacks or anyone elses bankroll is not in any kind of jeopardy if he ever chose to use the site. The only problems it does cause is that right now their limits are really low, but Im sure in the future as they build a reputation for reliability, the limits will be raised.

People are winning, people are getting paid. To this point there is no factual evidence to back up negativity towards this book. Everyone thinks all the losers are just stiffing them, but all along i have disagreed with that. There are actually people out there who lose bets and pay up. Maybe just not in this forum.

I wouldnt trust them in a year, although the chances of them being around in a year is slim and none, in my opinion.

Raymour - its obvious you are associated with CW in some way.  I have not issue with that - but why not come out and say who you are?  It might actually lead to credibility if you are a forum presence for them.

Anyway, I still say the business model is unsustainable, and the threats of collections from forum members who wont pay is LAUGHABLE.  If your business model is to send those who dont pay to collections, GL with that.

No... you are associated with them. 27 posts and all you ever talk about is CW. But since you're looking for peoples' responses to this... I can give you one. Let's take it one step at a time just like your website says... and I will quote you on this...

Credit - "A player can increase their credit line just by playing. Each time a player has a Weekly Settlement Payment by sending $400 or more, this Weekly Settlement Payment goes towards an increase in the player's Line of Credit. After a player completes three Weekly Settlement Payments, a player can request their Line of Credit to be increased by $1,000"

For one thing... I don't know if your company is looking for the small time player or are you going to cater to the big time player? A small time player for the most part... would never clear their debt with you. Now, a big time player... who understands the system and would never want to cheat you out because he respects sports wagering as a whole... would clear his/her debt with you. The problem you will have with this... the big time player would never trust you company. Furthermore, you don't even allow a bigger working capital for the BIG TIME player. $500.00 a game or a $1,000.00 a game kind of player. So in my opinion you're going to get screwed by the double ended sword on this one.

Post up - "We will match your deposit dollar for dollar plus you still get your $1,000 Line of Credit. For each $1,000 a player posts up, their credit line also goes up an additional $1,000. A player is not limited to the amount that they post up; however, the maximum a Credit Line can be increased to will be $6,000."

So in other words... if someone deposited $3,000.00 they would get $6,000.00 to work with? Also, that means they would be allowed to put $6,000.00 in play in a 7 day period? That's it? Technically, if there was a brave soul out there... they'd send you $3,000.00 bucks... get a $6,000.00 cushion with your sportsbook... and then lose the entire bank roll... they'd be out $3,000.00 and you'd be out $3,000.00 they walk away... you can't collect. But in all essence and theory... basically you gave them a 100% start up bonus of $3,000.00 max on top of the $3,000.00 they sent you.

Let me put it to you very clear... any and every big time player out there would never come to your sportsbook. Never. It won't happen. The small time player is very inexperienced and in all essence wouldn't clear their debt with you. How are you going to win? This is an absolute scam.

Wow? I want to shake the C.E.O.'s hand who came up with this plan... because he must be like 15 years old?