ActionBets players - what do you do?

Doug · 07-01-06, 12:11 AM

If it was me I'd do option B, provided they let you sacrifice the bonus, unless I was very close to completing it, then I'd make small bets to complete it. Basically screw the bonus.

I wouldn't try to scalp out of it. You could double up then you don't know what happens with any potential bailout. What if you get a 20X bailout deal with crazy rules ? The vig would likely eat you on full price lines.

Dark Horse · 07-01-06, 03:56 AM

To prevent a mass pullout Actionbets may want to offer all of its players an insurance program for net losses by the end of the NFL season (after Super Bowl). They could 'sell' this as a reward for our trust during their time of crisis. This would give them 7 months... Also, given their apparent talent for attracting sharp players, it may inspire the sharps to lose at Actionbets (while winning the same wagers at other books).

(Aden, in return for this great advice, I want my money now.

)

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EDIT. I deleted something about the possible benefits of not making a run on the bank. But who cares? I'm pissed with these guys and want my money. I don't care about their bonus, and don't want any part of their incompetence. If the ship is sinking they have no right to insist that people complete their rollover and ride out the storm with them, hoping for the best. My money is just sitting there now, dead, because what would be the point of playing and winning at Actionbets, with so much uncertainty?

F*ck!!

isetcap · 07-01-06, 08:24 AM

It's simple. If they're freezing payments then you should be freezing your play. Once they start paying again, you withdraw sacrificing any bonus money you have. You don't play there until they have proven themselves solvent once again. This is the reason a book has to avoid these situations at all costs. Reputation is all you have and AB's rep is crap now.

rolemand · 07-01-06, 08:40 AM

Alas - the obvious option would be to scalp it out, assuming the balance is reasonable enough to do so.

isetcap · 07-01-06, 08:46 AM

Originally posted by rolemand

Alas - the obvious option would be to scalp it out, assuming the balance is reasonable enough to do so.

If you're an idiot this is the option you will select.

tennis28 · 07-01-06, 10:15 AM

lol. Scalp it out. What is that besides essentially making bets on huge favorites that will probably win but if they don't you are screwed. That's really it is. You're making bets, but instead of it being on evenly matched games, you're taking huge favorties. Why would you do this unless you thought the huge favorites were +EV. Makes no sense.

Mudcat · 07-01-06, 10:31 AM

I think you guys are being a little too hard on rolemand. The attempted scalp-out is definitely a gamble but, hey, there are gamblers here.

If the book was dead-in-the-water it would be worse. But if you attempted to scalp out with AB and ended up increasing your balance, your money is not necessarily lost. There is still a pulse there. (How strong you feel that pulse is, is a big question.)

And of course, if you successfully scalp out and then AB goes stiff, the gamble has paid off big time. I see some upside to the strategy.

JoshW · 07-01-06, 10:43 AM

C for me.

LGBoots · 07-01-06, 10:45 AM

Originally posted by Mudcat

Payouts have stopped, the rating is dropping and, though everyone hopes for recovery, there is no word on the future that you can sink your teeth into.

(b) Do you freeze the account and if payouts start happening, just cash out immediately and sacrifice any bonus?

Would they let you cashout by dropping the bonus

I have $2.5k in here & am feeling 'uneasy' about this situation. think it will turn out ok in the end as this book has a decent track record & not just a few months like BOS & RCS.

They really should have handled this 'fraud' matter better though.

Hopefully Aden will explain the full story on this in the near future.

JoshW · 07-01-06, 10:47 AM

I have to agree with others, not sure under any circumstances were scalping out makes sense. If you want to take a risk to cover your loss, could go play BJ instead, about as much upside just making an random gamble. For every time you lose at at risk book, you are just as likely if not more likely to win. No reason to put even more money at risk.

Mudcat · 07-01-06, 11:01 AM

I just spoke to Jason at ActionBets and apparently my question was faulty due to false assumptions. Sorry about that.

The answer is no, you cannot cash out prior to completing your rollover and just sacrifice your bonus. You can only do this if you have not placed any bets. Otherwise you are locked in until the rollover is completed.

The reason I made this assumption is I don't see that rule in the T & C's. Maybe I am just missing it. That is an unusual rule and should really be spelled out in there.

Mudcat · 07-01-06, 11:03 AM

My answer is (c) by the way.

Dark Horse · 07-01-06, 11:18 AM

Originally posted by Mudcat

I just spoke to Jason at ActionBets and apparently my question was faulty due to false assumptions. Sorry about that.

The answer is no, you cannot cash out prior to completing your rollover and just sacrifice your bonus. You can only do this if you have not placed any bets. Otherwise you are locked in until the rollover is completed.

If you sign up for a 6 week cruise, and the boat starts sinking after three days, shouldn't you be able to exercise your god-given right of selfpreservation by getting off the ship and onto another boat? However this thing will end up, the captain just plain sucks.

Doug · 07-01-06, 12:13 PM

given a needed rollover, I'd be playing my balance daily ( maybe more than 1X) in an effort to complete rollover by Mon ( or at least ASAP), I would bet the whole amount ( if possible) and take the other side at Mansion until I scalped out or completed the rollover.

It's risky, not a good method for all. You'd need to not have too much of your BR in the shit book. If amount is too large, do it in pieces ( taking both ends). Get rollover done somehow.

Books will not survive these problems. The rollover is a stall, so complete it.

JC · 07-01-06, 12:37 PM

Originally posted by Mudcat

I just spoke to Jason at ActionBets and apparently my question was faulty due to false assumptions. Sorry about that.

The answer is no, you cannot cash out prior to completing your rollover and just sacrifice your bonus. You can only do this if you have not placed any bets. Otherwise you are locked in until the rollover is completed.

The reason I made this assumption is I don't see that rule in the T & C's. Maybe I am just missing it. That is an unusual rule and should really be spelled out in there.

Ahh, the old Roach Motel rule, your money checks in but it can't check out. Maybe we should start calling all of these shit books Roach Motels.

Dark Horse · 07-01-06, 01:09 PM

Originally posted by Doug

given a needed rollover, I'd be playing my balance daily ( maybe more than 1X) in an effort to complete rollover by Mon ( or at least ASAP), I would bet the whole amount ( if possible) and take the other side at Mansion until I scalped out or completed the rollover.

It's risky, not a good method for all. You'd need to not have too much of your BR in the shit book. If amount is too large, do it in pieces ( taking both ends). Get rollover done somehow.

Books will not survive these problems. The rollover is a stall, so complete it.

At about $80 to $90 juice per $1000, and a 6x rollover, that would cost roughly 75% of the initial deposit; doesn't make any sense... Plus Actionsluts only counts the lowest amount; i.e. 100 bet at -110 counts as $91 towards rollover.

Can't SBR put some weight in the scale to convince this book that none of these players signed up for a cruise on a sinking ship?! How can they possible insist on a rule that is already pushing it under normal circumstances?

Stop the scamming attitude, Actionbets! You're destroying whatever is left of your reputation. Take some responsibility for a change!!

Doug · 07-01-06, 01:11 PM

That's why you try to short-circuit the rollover. What was the bonus ?

Dark Horse · 07-01-06, 01:26 PM

25%.

Your solution is extremely expensive, percentagewise. A player should never be forced into that. I'd only go there if the rating was lowered to F.

Doug · 07-01-06, 01:31 PM

Not much vig on bases. Looks you gotta do the rollover somehow. The only way I know is by betting.

I'd want out, now ! Catch a winner at Mansion loser at Shitbook first try, and you're out, maybe for almost no vig like -120/ +117.

Stumpage · 07-01-06, 01:39 PM

Hope it all works out for everybody in AB, but in any event one can only hope this is the swan song for this book. Yes, Aden seems like a nice individual, bad luck, etc.,...But this seems to be a case of complete incompetence to the highest degree. What an absolute travesty. Why anyone would deposit to these clowns anytime in the near future would be an absolute mystery. Again, hope everybody ends up satisfied, but regardless, Good riddance.....

Bill Dozer · 07-01-06, 01:43 PM

It is definitely a bind. The right thing for the book to do, and the best thing for repairing a reputation, would be to allow the player to leave without the bonus or prorated bonus. Players aren't going to cap games for a book that can't pay. Of course, this assumes they will eventually receive the much needed cash infusion.

Knowing that they are having financial problems, it's about where you are in the payout line. Giving up the bonus or an agreement to give it up probably doesn't help if there are limited funds. If I'm capping games I might give my other book the regular play and duplicate it at AB. This way you don't waste time capping a game at a book that isn't paying but are eligible for a payout. BetOnStars was a good example. They were on and off before the collapse.

There really is no such thing as scalping out. You can look back on the history and say I "scalped out" but you can't scalp "out". That would mean you could predict the outcome. It doesn't matter if you actually place the dog bet in crayon on your wall or on the site of the no-pay sportsbook unless you believe the book will eventually pay.

LGBoots · 07-01-06, 02:08 PM

Well I have yet to make a play there. Just after I made my deposit all this crap hit the fan. So in theory I should be able to withdraw by 'dropping' my bonus.

I will wait & see if this book gets back on track during the next few days.

I still can't believe that a book in good standing for quite a few years are letting a decent reputation go down the pan so quickly

pags11 · 07-01-06, 02:53 PM

what kills me is that we saw this coming six months ago and people still decided to post up with them...

custer · 07-01-06, 05:59 PM

"It doesn't matter if you actually place the dog bet in crayon on your wall or on the site of the no-pay sportsbook unless you believe the book will eventually pay."

Well put.

tacomax · 07-01-06, 06:04 PM

Originally posted by pags11

what kills me is that we saw this coming six months ago and people still decided to post up with them...

You didn't see it coming at all. You had a problem with a cheque when you signed up for a cheap ass $25 free account there. Now quit the gloating otherwise you'll start looking like an even bigger ass - people who actually have the balls to post up money at sportsbooks don't need to hear trash like that.

But it's nice that the problems that players have at Actionbets "kills you".

tacomax · 07-01-06, 06:06 PM

Originally posted by LGBoots

Well I have yet to make a play there. Just after I made my deposit all this crap hit the fan. So in theory I should be able to withdraw by 'dropping' my bonus.

If they can't pay people then it's irrelevant whether you've played no rollover, are halfway through a rollover or you've completed a rollover - you're not going to get paid.

Doug · 07-01-06, 11:56 PM

[QUOTE=Bill Dozer]It is definitely a bind. The right thing for the book to do, and the best thing for repairing a reputation, would be to allow the player to leave without the bonus or prorated bonus. Players aren't going to cap games for a book that can't pay. Of course, this assumes they will eventually receive the much needed cash infusion.

Agree the right thing is allow bonus declination or proration, but it seems they will force you to complete the rollover ( 12X ?). Reputation is gone already

Doug · 07-02-06, 12:04 AM

[QUOTE=Bill Dozer.

Knowing that they are having financial problems, it's about where you are in the payout line. Giving up the bonus or an agreement to give it up probably doesn't help if there are limited funds. [COLOR="Magenta"]If I'm capping games I might give my other book the regular play and duplicate it at AB. This way you don't waste time capping a game at a book that isn't paying but are eligible for a payout[/COLOR]. BetOnStars was a good example. They were on and off before the collapse.

I'd think the play is one you think will win, thus I'd play the predicted loser at the shit book you want out of, and play the good side for more at the good book, so as to reduce balance at shit book.

Doug · 07-02-06, 12:20 AM

Originally posted by Bill Dozer

.

There really is no such thing as scalping out. You can look back on the history and say I "scalped out" but you can't scalp "out". That would mean you could predict the outcome. It doesn't matter if you actually place the dog bet in crayon on your wall or on the site of the no-pay sportsbook unless you believe the book will eventually pay.

True, a scalp is a guaranteed profit no matter the result, like both sides of a baseball game at +102 in real time at different good books.

You can try to scalp out of the shit book, I use scalp loosely, it's not a true scalp as you likely lose some vig. The shit book bet doesn't have to be a dog, it could be a small fav( if you really liked the dog side).

You must take it on faith that the shit book will eventually pay, even if it's in the form of a bailout with unfavorable terms years later by another shit book.

Fact is you are still forced to give this particular shit book action, I'd rather give them the side I capped to lose, if I cap it well, I get out of the shit book, not increase my balance there.

RickySteve · 07-02-06, 01:37 AM

Originally posted by tennis28

lol. Scalp it out. What is that besides essentially making bets on huge favorites that will probably win but if they don't you are screwed. That's really it is. You're making bets, but instead of it being on evenly matched games, you're taking huge favorties. Why would you do this unless you thought the huge favorites were +EV. Makes no sense.

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pags11 · 07-02-06, 05:26 PM

tacomax,

so you are saying them having problems all around the net not being able to pay people through their promotional accounts wasn't a sign?...even though I said in my posts that I was concerned that it would soon be their regular accounts that they would be having problems with?...for someone so opinionated, you need to go back and do your god damn homework you sorry ass piece of shit...I was very concerned in those posts and those that didn't listen deserve what they get at this point with actionbets...you coming in here saying I didn't have a clue is complete bullshit...

tacomax · 07-02-06, 05:36 PM

Come on, pags - there's no need to be a potty-mouth, is there?

If you want to continue to disrupt threads of books with problems by chipping and saying "I told you so" and saying that the possibility of people losing their money "kills you" then be my guest. But from someone who posted up with Garet Bradford in the past, I'd at least expect something slightly more sympathetic. Obviously I was wrong but hey, if it makes you feel better then I'll let you carry on.

doc · 07-02-06, 07:49 PM

Originally posted by pags11

those that didn't listen deserve what they get at this point with actionbets

I don't think this should ever be said about a fellow gambler.

doc · 07-02-06, 07:52 PM

I personally believe we will see money out of Action Bets and if I still held a balance there would look at scalping possibly once depending on the balance I carried.

But I have been asked this several times over the previous weeks and I tell people A. to get their asses over to SBR and let Bill or someone know and B. the safest thing at this point is to sit on it and see what happens.