Originally posted by jjgold
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Who does?
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We can only hope that Neteller goes away, because Neteller offers a terrible product and it would present a great opportunity for something better to come along. Not only that, but the next thing will be heavily incentivized by the offshore gambling sites in the same way that Neteller was when it first came along.
Having said all that, Neteller's unfortunately not going anywhere.Comment -
I had made a deposit to a gaming site and my banker called me just to make sure someone else wasn't using it. I told him flat out it was a gambling transaction and was ok once it was verified it was me who made the payment. I asked him if I would be able to do this when the legislation passes and these banks supposedly have to block these transactions, he stated that it would be impossible to take the time to monitor each transaction and that nothing will come of it. This is someone from my bank who I trust, so I don't see much to worry about in terms of funding and withdrawing, at least for me. I urge you guys to contact your local bank and see what they say, may be surprised.Comment -
Just a few thoughts in response to the fear that seems to cloud some normally clear minds today.
The first thing when dealing with a bully, such as a rogue government, is to refuse to be intimidated. Remember that they rule by fear (Bin Laden, terrorist attacks). If you are fearful, they pretty much 'have' you, because you have given your power away. Everything else flows from there.
There will be challenges ahead. So what's new? The life of a gambler had plenty of challenges before this law. Isn't that what makes it fun? Weren't we the ones that loved beating the odds?!
As long as we are determined to overcome each obstacle when it arises, one step at a time, we are the ones in charge. This little challenge is nothing that we can't handle. Muhammad Ali took a beating from George Foreman, but all the while he was saying: 'That all you got, George?!" Then he knocked him to the canvas.
Be empowered. Nobody can take that away from you, unless you give it away. This world belongs to us all. Not just to a few corrupt politicians, who misuse our system to push a law through that normally would never have passed. 'F*ck them!' is not only perfectly acceptable political opinion, but sometimes the only respectable one.
"Fear nothing. But try to fear fear."Comment -
Good stuff, Dark Horse
Knee-jerk reactionaries never get anywhere except to the next knee-jerk.
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There are plenty of things to do if there no longer is gambling boys. Has anyone ever heard of bowling, plowing meat, golf, tennis, softball, checkers, chess, bochy balls, dancing, plugging holes, baseball, jogging, skiing, grab ass, touch football, volleyball or going to night school?Comment -
I guess I live a sheltered life. I've never heard of:
plowing meat
plugging holes
grab ass
Not even sure I want to know what they are. I think I'll stick to picking a few winners.Comment -
my understanding of the neteller press release is that u.s.residents will be able to stash money with neteller and withdraw it as requested but neteller will simply stop transfers to sportsbooks for u.s. residents.my main purpose with neteller is to have a safe place for hidden money.as far as the sportsbook industry goes,the days of easy bonus hustling are almost over,but there will always be a way to get a dime or so to books,i.e. western union,or simply build up accts now with pinnacle,cris,etc and keep money there rather than moving it around as in old days.do you think stashing money at cris and using their new debit card will be safe?i trust corporate neteller more than a+ gambling sitesComment -
I don't think that will happen. The story at the link moved a couple of days ago. The way I read it is Neteller will have a system to allow their customers (books) to block transactions from certain countries, if the customers choose to implement it. Some might, most likely won't.
Neteller is not doing anything we didn't expect. They are basically saying to the U.S. "Tell us what we can and can't do under your legislation." When that happens, Neteller will re-issue new rules. Maybe they will be out 100 percent, maybe just the EFTs will cease, but they might still serve US customers since their entire business is not just gambling (although most is).
[QUOTE=jumper]my understanding of the neteller press release is that u.s.residents will be able to stash money with neteller and withdraw it as requested but neteller will simply stop transfers to sportsbooks for u.s. residents.Comment -
thanks for including that link,glad i didn,t own shares of neteller oct 1,but forsight could have made us rich if we had shorted their shares.i hope neteller can evolve its ewallet business outside of gaming,the world needs a solid internet bank beyond the reach of the u.s. govt.Comment -
Originally posted by SBR_JohnThe really scary part is I think Buddybear said he is a teacher. Yikes!
Well maybe he teaches a paranoia class or something
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yeah i am a teacher...i teach at one of the top academic instituions in all of America. The big difference between us John is that the bribes I take don't influence the grades I give
Anyway, if this was before 9/11 I would say no worries there are ways around this fiasco. But post 9/11....it's tricky now....now I'll admit they aren't going to catch everyone but they will catch people and make examples out of them trust me....they are setting up a task force to monitor this as we speak...
Do me a favor John, put this thread as a sticky and let's see the status of online gaming in a year....it's w/o much doubt it's going to be considerably poorer.
Good luck fellows....
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Is that really you, Al?!?!Originally posted by BuddyBearComment -
OK, Buddy, time to let everyone know you're just joking around. We only need one funny man around here and JJ more than takes care of that role.
You almost had me convinced when...well, you never had me convinced, but I was definitely laughing.Comment -
Buddy Bear makes a lot of good points here, I will tell you one thing, you will be lucky to find 10 stable books in 8 months from now.Comment -
Wrong,I totally disagree with thisOriginally posted by jjgoldComment -
Remind me buddy and we will bring this thread back in a year. Will the industry contract some? I think so maybe 25% in terms of handle. Will we go from 730 books to 10? NO. I'd put the over/under on 600 a year from now.
Have you read the new law Buddy or JJ? Well I have and our lawyers have read it six times from sunday. The Wire Act is still more harmful than this new banking law.
Folks, I have lost count and forgotten many of the doomsayers of the past. But I'll give it a try:
In 1998 the US indicted many of the offshore operators including Jay Cohen, Billy Scott and many of the top books. With all the top books indicted that was certainly the end right?
In 2001 an industry built on credit card deposits suddenly found all of the CC companies denying sportsbook transactions and the end had come.
In 2002 by far the most popular way to deposit/withdraw was Paypal. In the blink of an eye they were gone and we were all doomed.
Now in 2006 they pass a law focused on stopping financial companies from facilitating deposits and withdraws/ Seriously, is the sky really falling?Comment -
GREAT post John and to answer your last question....NO,the sky is NOT falling.....Keep up the great work SBROriginally posted by SBR_John
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Way different back then, I guess law means nothing where the biggest gambling entity in the world party poker closed instantly to USA customers.
Banks are going to be careful, they have too much too lose.Comment -
Little OT
Buddybear,
you have pointed out an idea here, that SBR is influenced by the money from advertisement. OK, I take it.
But you are now posting
do you really mean it seriously? Those institutions are paid directly or indirectly from establishment. Using your logic I derive: you are doing what big brother wants (in case he exists), because you eat his bread.yeah i am a teacher...i teach at one of the top academic instituions in all of America.
And reading your posts: you are doing what big brother wants. Yes, no one here serves better to anti-gambling. Do you really want this?Comment -
Originally posted by SBR_John
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Originally posted by SBR_John
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Sammy you have no clue what opening up is and having fun in life. Sammy you have tunnel vision, I do not. I look at every seam there is and take advantage of it.Comment -
they said the same things when new tougher drug laws came out, did you know drugs have incrased in sales and usage/PleaseComment -
No matter what... It maybe time to start examining all the options... What are they? and, didn't the banking industry lobby against the tracking of echecks, because they're too hard to monitor...
I still think this is a smoke screen... Eventually it will all be legal just with US owned casino conglomorates...Comment -
Sharp post.. I 100% agree.Originally posted by Milkin' it SlowlyComment -
Sportsbook volume will be down considerably, yeh you will be able to move a dime here and there with a debit card but the day of the big bettor is gone.
LMAO to guys thinking they are going to move 5k per day using some sort of debit card, it aint happening.Comment -
tacomax,
see the thing is that most of us are usually going over the bets we are going to make and handicapping games...I'm glad you have the time to correct Buddy's posts since you have nothing else to do...
this is a great thread...I do think that Buddy makes a lot of points...I do think online gambling will survive, but they'll be many hurdles here in the next year or so...I do think the "average" gambler will quit/ go to a local/ play at local casinos (as I have the option of doing but refuse to do so)...I will admit I never thought that the bill would get this far, but I'm also curious to see how much it gets pushed after the election, to see whether or not politicians are just using this as a ploy for votes (which probably isn't the cas) or whether they really want to try and screw us over...
all I know is that this along with chasing women, working out and playing golf are the best hobbies I have and I'm not going down without a fight...Comment -
put your money where your mouth is
JJ and SBR John both seem to have directly opposing opinions on the future of the online gaming industry. Where I come from, if there's a dispute you bet on it. Why not try to get a contract listed on tradesports maybe "The number of sportsbooks rated C or higher on SBReview." I'd definitely be a seller of 80% of the number of books that currently have that rating. While you're at it, maybe get a bet going on the future of Neteller. I really loved the irony that you could bet on whether or not the gambling legislation would get through.(btw, don't confuse me with that tradesports shill guy)Comment -
I'm going to make a lot of points, too:Originally posted by pags11
Gambling is good. Gambling is bad. Liberals are good. Republicans are bad. Laws are good and bad even within the same law. Neteller is not going to shut down. Neteller is shutting down. Everyone is being tortured and spied upon. Once this administration is gone everything will be good again. I drive a 2-door coupe. I have an inground pool. It costs more to maintain my pool than my car. The housing market is going to crash and burn. It's better to invest in cars than houses. Real estate values are going to drop to nil. The government won't be able to collect enough property taxes to keep operating. Iran, North Korea, Cuba, and Venezuela are going to step in and divide us up equally.Comment -
Great idea! JJ says 10 books. I'll give him 10x that and say OVER 100.Originally posted by Korchnoi
If you read this thread it is pretty clear we have been here before throughout the history of online sports gaming.Comment -
Korchnoi I am much more experienced than SBR John in this area. I was betting walk up sportsbooks in Mexico when he was trying to sell vacuum cleaners in Dallas. He is making progress but not in my league yet. I laugh at guys challenging me in this area. I will tell you the average amount of a balance in a sportsbook per player will be down at least 40% by this time next year.
Good Luck PalComment -
It never entered my head that you were the tradesports shill guy. But the fact that you've specifically denied being the tradesports shill guy when no-one has accused you of being the tradesports shill guy leads me to believe that you are the tradesports shill guy.Originally posted by Korchnoi
Anyway, welcome to the forum.
(btw don't confuse me with that handsome young man who sleeps with a different lady every night, has a 62% record in NFL and wears a SIA cap)Originally posted by pags11Originally posted by BuddyBearOriginally posted by curiousComment -
I do think that isetcap makes a lot of points...Originally posted by pags11Originally posted by BuddyBearOriginally posted by curiousComment -
Oh man, I can make points all day long! I'm like KobeBear when it comes to making points.Originally posted by tacomaxComment -
"Korchnoi I am much more experienced than SBR John in this area. I was betting walk up sportsbooks in Mexico when he was trying to sell vacuum cleaners in Dallas. He is making progress but not in my league yet. I laugh at guys challenging me in this area. I will tell you the average amount of a balance in a sportsbook per player will be down at least 40% by this time next year.
Good Luck Pal"
I didn't mean to be hostile to either of your points of view. If you think you'd have edge over SBRJohn in this bet, make it. Just make the bet and you don't have to bicker back and forth anymore. Aren't you interested in what the market would have to say about the future of online gaming?Comment
