Sportsbooks are in the business of making money. Having all these linesmakers, livechats, workers picking up cash, customer service reps. This all costs money.
With the wealth of information found on the internet, people are much more informed bettors. I remember when I first started here the concept of "fading the public" was laughable. Now that there are so many people doing it, it's tougher for the books to operate.
Most books can't afford to have an abundance of sharp players that bet hard on games. So when you get to a certain point, they make it harder for you by doing things such as limiting your bets.
Winners are not their target market, so they really don't have many reasons to keep you happy. You are costing them money by winning, and I bet they can't wait to get rid of you.
Bookmaker is smart by only allowing MG and WU cash deposits. That way they can't get charged back by credit cards or have other transactions reversed. Once they have collected the cash, there's no way you can take it back. That's probably why they're more willing to let you bet whatever you want. Probably why they'll be the one of the ones to survive if a lot of these smaller books start to go down.
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Sportsbooks are in the business of making money. Having all these linesmakers, livechats, workers picking up cash, customer service reps. This all costs money.
With the wealth of information found on the internet, people are much more informed bettors. I remember when I first started here the concept of "fading the public" was laughable. Now that there are so many people doing it, it's tougher for the books to operate.
Most books can't afford to have an abundance of sharp players that bet hard on games. So when you get to a certain point, they make it harder for you by doing things such as limiting your bets.
Winners are not their target market, so they really don't have many reasons to keep you happy. You are costing them money by winning, and I bet they can't wait to get rid of you.
Bookmaker is smart by only allowing MG and WU cash deposits. That way they can't get charged back by credit cards or have other transactions reversed. Once they have collected the cash, there's no way you can take it back. That's probably why they're more willing to let you bet whatever you want. Probably why they'll be the one of the ones to survive if a lot of these smaller books start to go down.
P.S. Thanks for the education on BetIslands. I think I kept an e-mail from them in my inbox for over a year because they were offering a really nice signup bonus or free money to sign up.
Usually that's a red flag of a desperate book though. I've been looking through SBR out of curiosity. I remember their rating guide used to have everyone on it. Now I'm having issues finding my previous book. I just erased their name because I don't want to give them publicity.
I only used them because they were offering matched 100% free plays. I knew it sounded like a desperate book, but those bonuses really saved me a lot of money and allowed me to nearly double the payout of my straight bets.
I'm wondering what they're rated now. After I quit playing with them, they would call me constantly begging me to come back and make a deposit. When I turned $300 into about $17k starting maxxing out my wagers at $1000, and they saw I was getting so close to bankrupting them hitting 10/11 and 11/12 on my parlays that they started capping out my parlays at 8 teams.
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P.S. Thanks for the education on BetIslands. I think I kept an e-mail from them in my inbox for over a year because they were offering a really nice signup bonus or free money to sign up.
Usually that's a red flag of a desperate book though. I've been looking through SBR out of curiosity. I remember their rating guide used to have everyone on it. Now I'm having issues finding my previous book. I just erased their name because I don't want to give them publicity.
I only used them because they were offering matched 100% free plays. I knew it sounded like a desperate book, but those bonuses really saved me a lot of money and allowed me to nearly double the payout of my straight bets.
I'm wondering what they're rated now. After I quit playing with them, they would call me constantly begging me to come back and make a deposit. When I turned $300 into about $17k starting maxxing out my wagers at $1000, and they saw I was getting so close to bankrupting them hitting 10/11 and 11/12 on my parlays that they started capping out my parlays at 8 teams.
My Bovada account has officially been disabled for the last time due to me accessing the account from outside of VPN.
I used my phone this time, accessing the 4G, which I was told should be okay, but alas....14K. My winnings. Gonezo.
Chalk it up. Here is the lesson learned. If any of you people use Bovada.lv as your book, you are an assshole who deserves to never see money again.
So let's review:
They will not pay you if you reach 10K or higher.
They force you to make "compromise bets" when you win too much. A compromise bet is when they "suggest" a new spread to you. For instance, Creighton +6 (-115) 2H was a game I wanted last week. They'll suggest you bet it at Creighton +5 (-115). If you reject, sorry, you don't get to bet this game.
They sometimes won't allow you to bet a game period.
They hit you with not only their 15% fee when depositing, but also a POS charge from your bank that usually rounds out to about 15-20 a transaction.
Oh, and it had been 5 business days and I had yet to get ONE DAMN PAYOUT GRANTED.
So ya, I'm going to go put my head through a glass window and hope one of the shards gets a vein.
Let the I told ya so's begin........
I had $8,000 in my account before the weekend, and I requested a moneygram payout that I received cash within 48 hours. I'm down to around $6,000 right now and requested half via a check.
I can confirm they do alter lines when you want to wager a large amount usually more than $500.
I access my account via my phone all the time, not sure what the issue is there. I agree their lines and limits are a joke but they do payout. I'm sure you will get your money out as well.
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Quote Originally Posted by TheDrizzle77:
Okay, I'm the dope now.
My Bovada account has officially been disabled for the last time due to me accessing the account from outside of VPN.
I used my phone this time, accessing the 4G, which I was told should be okay, but alas....14K. My winnings. Gonezo.
Chalk it up. Here is the lesson learned. If any of you people use Bovada.lv as your book, you are an assshole who deserves to never see money again.
So let's review:
They will not pay you if you reach 10K or higher.
They force you to make "compromise bets" when you win too much. A compromise bet is when they "suggest" a new spread to you. For instance, Creighton +6 (-115) 2H was a game I wanted last week. They'll suggest you bet it at Creighton +5 (-115). If you reject, sorry, you don't get to bet this game.
They sometimes won't allow you to bet a game period.
They hit you with not only their 15% fee when depositing, but also a POS charge from your bank that usually rounds out to about 15-20 a transaction.
Oh, and it had been 5 business days and I had yet to get ONE DAMN PAYOUT GRANTED.
So ya, I'm going to go put my head through a glass window and hope one of the shards gets a vein.
Let the I told ya so's begin........
I had $8,000 in my account before the weekend, and I requested a moneygram payout that I received cash within 48 hours. I'm down to around $6,000 right now and requested half via a check.
I can confirm they do alter lines when you want to wager a large amount usually more than $500.
I access my account via my phone all the time, not sure what the issue is there. I agree their lines and limits are a joke but they do payout. I'm sure you will get your money out as well.
I have had many issues with Bodog/Bovada over the years but they was always paid. Although, with the big hit I can see them using "technicalities" to cancel your account.
I had all the same complaints dual lines (I would call a friend to see what line on a game they gave him and it was always different than mine), boxed games, juiced lines, wager limiting all made me drop them eventually but like I said they always paid me.
Truth be told if you are a US player your money is not safe offshore anywhere. If you don't think any book can fold in a minutes notice you are naive. Not saying they will but the possibility to lose your accounts with the "trusted" US books like 5 dimes, youwager, bookmaker etc. is real. It is an additional level of risk most don't consider. Bottom line is offshore betting will never be 100% safe for US players until the laws change. Caveat emptor, nature of the beast these days.
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I have had many issues with Bodog/Bovada over the years but they was always paid. Although, with the big hit I can see them using "technicalities" to cancel your account.
I had all the same complaints dual lines (I would call a friend to see what line on a game they gave him and it was always different than mine), boxed games, juiced lines, wager limiting all made me drop them eventually but like I said they always paid me.
Truth be told if you are a US player your money is not safe offshore anywhere. If you don't think any book can fold in a minutes notice you are naive. Not saying they will but the possibility to lose your accounts with the "trusted" US books like 5 dimes, youwager, bookmaker etc. is real. It is an additional level of risk most don't consider. Bottom line is offshore betting will never be 100% safe for US players until the laws change. Caveat emptor, nature of the beast these days.
Covers and SBR among others are pimps for bad books.
Covers Beted debacle The ridiculous rise and fall of "Sarah J Phillips" SBR's Betisland scam
The list goes on. It is how they make their money pimping books, shilling touts and pop up ads but I can't blame them for that. It's a successful business model. They are a great source of information as well.
This isn't aimed at you Drizzle but It amazes me how most people have no clue how the offshore industry works and do little to no research on where they put their money.
Check the industry forum and see how many posts there are regarding people depositing into no name books or paypaling some random guy they met here at covers who just created an account two days ago. Also anybody who buys picks, you deserve to lose. It is sheer insanity.
Seriously I have no sympathy for some of these guys.
Sorry to get off topic. I hope you are able to eventually cash out Drizzle I would not just let it drop. That is a good chunk of change.
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Also agreeing with my friend Goose.
Covers and SBR among others are pimps for bad books.
Covers Beted debacle The ridiculous rise and fall of "Sarah J Phillips" SBR's Betisland scam
The list goes on. It is how they make their money pimping books, shilling touts and pop up ads but I can't blame them for that. It's a successful business model. They are a great source of information as well.
This isn't aimed at you Drizzle but It amazes me how most people have no clue how the offshore industry works and do little to no research on where they put their money.
Check the industry forum and see how many posts there are regarding people depositing into no name books or paypaling some random guy they met here at covers who just created an account two days ago. Also anybody who buys picks, you deserve to lose. It is sheer insanity.
Seriously I have no sympathy for some of these guys.
Sorry to get off topic. I hope you are able to eventually cash out Drizzle I would not just let it drop. That is a good chunk of change.
I did a little research about BetED and BetIslands after you guys mentioned it.
Apparently there is some rumor, with evidence that covers was in cahoots with BetED and was pumping them despite knowing they were going down quickly.
I understand I guess. You gotta make money to keep the site open, but you've got all these ads now that are slowing the site down. Still the best site in terms of users and info though. Shieet I don't even bet and I come post here.
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I did a little research about BetED and BetIslands after you guys mentioned it.
Apparently there is some rumor, with evidence that covers was in cahoots with BetED and was pumping them despite knowing they were going down quickly.
I understand I guess. You gotta make money to keep the site open, but you've got all these ads now that are slowing the site down. Still the best site in terms of users and info though. Shieet I don't even bet and I come post here.
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