ActionBets players - what do you do?

rolemand · 07-02-06, 09:32 PM

Originally posted by Doug

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.

this is essentially what I meant. I'm quite surprised by the reaction to this. If you're good at handicapping and win more than you lose this will work. Assuming the balance is small enough to start with.

pags11 · 07-03-06, 04:16 PM

tacomax,

how do you figure I "continue" to interupt threads telling people I told you so?...I started a thread on one book in the last six months telling people I was concerned about them...one book!...so how do you infer that I did this numerous times?...

I also think it's time you get some new material...are you going to bring up in 15 years here on the SBR forum that I once posted up money with Garet Bradford?...you've never posted up with book ever that was found out to be shady, or a local that wasn't on the up and up?...Isn't that how we all learn?...I wouldn't have found SBR at the time I did had I not had that experience...Garet Bradford is no worse than Bet On Stars, no juice, or any of the other scams out there in the past year...his problem was his arrogance...I used him as my local and knew him for many years before that...obviously I didn't know him as well as I thought I did...

guys, how many warnings does one need? doc, you don't think I should ever be straight up with the rest of the gamblers around here? then I suggest you wear some earmuffs...we have this forum to warn people, and I've been around for a while and saw this actionbets fallout coming from a mile away...eventually will everyone get paid? I hope so, but y'all are just playing with fire here...get your god damn money out of there and play with the pinny's of the world and you won't have to worry...you'll stay so you can get an extra 15% bonus?...c'mon now!...

back to tacomax, you'll "let me carry on"?...geeze thanks forum wizard...keep up your shit-starting posts, you're a real piece of trash...

tacomax · 07-03-06, 04:21 PM

Just like I said, carry on pags11.

Mudcat · 07-05-06, 08:56 AM

Now we have this report:

07.04.2006 (09:10 PM CST)
SBR Bill Dozer reports: SBR has confirmed that multiple ActionBets (SBR rating D+) account holders have received portions of their withdrawal requests. The book tells SBR that one of the bank wires has reached the merchant account that was responsible Monday’s Neteller payouts. ActionBets is entering its third straight week in delinquent status.

Is that enough to make players start placing bets towards reaching rollovers?

tennis28 · 07-05-06, 10:15 AM

I personally have received half of my 4k balance so far. This is in addition to a 5k withdrawal right before their problems arose. It seems that this book has every intention to pay in full as quickly as is feasible. If I were you, i would place bets towards rollover but would bet less than you normally do to avoid a huge balance it case the book was not pan out.

JoshW · 07-05-06, 10:20 AM

Nice to see them getting people paid. Certainly is going to kill their rep, but better than the other shit we have seen from books recently.

pags11 · 07-05-06, 03:41 PM

it's definitely a good start...

SBR_John · 07-05-06, 04:00 PM

I think this book will make it. Football is close enough. Of course then they will need to win which books usually do but...

I'd keep my place in line for a payout...needless to say.

Dark Horse · 07-06-06, 12:33 AM

Can only hope for the best and slow play myself out of this mess.

Get this. I signed up under a 6x rollover requirement. I just noticed a comment with my AB account that comes down to a rollover of almost 9x!! I'm so done with these folks.

LGBoots · 07-08-06, 09:38 AM

Originally posted by Dark Horse

Can only hope for the best and slow play myself out of this mess.

Get this. I signed up under a 6x rollover requirement. I just noticed a comment with my AB account that comes down to a rollover of almost 9x!! I'm so done with these folks.

I signed up with a 6x roll as well, heaven alone knows if they will honour it(Presuming they survive). Any more news(Good/Bad) on these guys?

I have yet to make a wager with them & won't until Aden clarifies the current situation like he promised too some time ago now

Dark Horse · 07-08-06, 11:55 AM

I hear ya.

I was explained it was a simple miscalculation. Back to the 6x rollover.

slacker00 · 07-08-06, 02:23 PM

Originally posted by Dark Horse

I hear ya.

I was explained it was a simple miscalculation. Back to the 6x rollover.

Hang in there Dark Horse. I'm rooting for ya.

I think everyone will get paid, it's just rocky right now. Hopefully, when the NFL season starts, new money will come in and right the ship.

Although, I was going to reup at AB with the new NFL season, now I'm regrettably going to shy away for a while. Hopefully things at AB get turned around, and they can get up to a SBR B rating. It will take some time.

pags11 · 07-09-06, 02:12 AM

I do hope everything gets straightened out for you guys...

Illusion · 07-10-06, 03:08 PM

ActionBets (SBR rating D-) Update: Actionbets tells SBR they expect the next bank wire, which is in the amount of $50,000, to reach Neteller on Wednesday. The sum will not clear all debt to players, but the sportsbook states that each customer with a pending withdrawal will receive, at minimum, a partial payment.

LVHerbie · 07-10-06, 05:06 PM

Just for everyone's information it appears they are paying out smaller amounts... I finished my rollover on friday and requested a payout and had received my full balance ($400) by neteller when I woke up this afternoon... While this is a smaller amount then most are complaining about, it defiently looks like they are trying to clear up the issues and aren't, as of yet, using complete no-pay methods...

Dark Horse · 07-10-06, 05:56 PM

Bankwires of $50K? Less than I had expected. Max payouts are 2K at the time. I'm close to 6K after completing 40% of the rollover, so I'm just hoping they survive.

Too much to ask to upgrade this book to D? That would help everyone, players as well as the book. If it is make or break, a little push in the back with football season coming up may do the trick.

In corporate terms we're talking about one bad quarter here. As much as I appreciate everything SBR does, I do feel that they could be helping bettors more by not sinking a boat too quickly. And yes, a D- rating comes very close to a deadly torpedo. There is a big difference between dropping a book from A to B-, and dropping it from C to D-. If a single bad quarter would be the do-or-die standard in the corporate world, there would be no business left.

It's all about liquidity. If there's no money coming in, it can't go out either. At least, not for very long. In the judicial system there is a trial, a time period during which a person is presumed innocent. Being on the 'wrong' side of this one, I could see the value of a trial period for books such as Actionbets. If they get everything paid off within, say, two months, was it really necessary to blacklist them? (on the other hand, getting blacklisted is a great motivation for a book to come clean, and I do certainly appreciate that!)

Instead of immediately blacklisting, and scaring everyone off, why not say something like: "We don't recommend that you deposit funds at this point, but they have been in business for eight years, and have always paid. In the past month they've experienced a financial setback, and they're working towards resolving it. (Name specific amounts owned, and wired by ownership into the business). With football season nearby we would expect them to survive (no guarantee, maybe some projections based on past seasons), and get back towards a higher rating. Stay tuned, and, for the time being, stay out."

Just my two cents. (and a few more at AB)

slacker00 · 07-10-06, 08:54 PM

I agree with Dark Horse.

As long as AB keeps making efforts such as the 50k bank wire, it shows that they are working to fix the problem and showing positive progress. This deserves at least a D rating.

Doug · 07-10-06, 10:12 PM

It's a tough call. Do you rate them a little higher and encourage some to deposit when they may not if rating was any lower ?

It's helpful for those presently owed, but perhaps a disservice to the new depositers.

I'm not sure what the right answer is, maybe bump them to D if everybody gets paid soon ?

Where's the post-up money if new deposits pay old debts ?

Mudcat · 07-11-06, 12:25 PM

In the last 24 hours I have gotten an e-mail from Actionbets advertising their $50/50 bonus, and also a snail mail baseball schedule. They're working.

I personally don't agree with the idea of rating books on anything other than their merits. I believe AB is rated properly based on their recent history.

I have money in AB and it might help me if SBR just said let's help them out and artificially inflate their rating - but I don't think that kind of agenda-driven rating is right for SBR.

I don't think SBR is scaring anyone off. I think AB is scaring people off and SBR is reporting and reacting to the facts appropriately. Hopefully AB will work hard and earn some upgrades.