S-books like Pinnacle will "front" U money on a deposit before they actually have it?

blowjoe2020 · 12-14-16, 06:29 AM

If any sportsbook honors a deposit and puts it into your account & lets you gamble it BEFORE they know whether it is "good" or verified or not, then isn't that their own fault?
Who else's fault could it be?
If they don't honor all money that THEY put into a client's account, then what's to stop them from just waiting and telling every big winner that their deposit was "bad" and then they'd never have to pay any big winners!

Please Pinnacle & all the other books, don't EVER put any money in my gambling account that you might possibly steal back later after I gamble it and win big!!
UGH!

Alfa1234 · 12-14-16, 07:10 AM

You are talking about outright scamming people and make no sense. The book is the victim here. There is no way to be 100% certain you "have" the money before crediting an account. No, not even bitcoin...not even Neteller, not even **.

E.g.: bitcoin deposits often get credited instantly before they get a confirmation. A Neteller deposit might have been uploaded on Neteller through a credit card. This makes Neteller take back the money from the book if the card gets charged back. ** payments might have been paid with a credit card, they take the money back from the book if it gets charged back. It's standard operating procedure to place money into an account upon receipt and you can never be 100% certain you "have" this money for a long time.

You'd most definitely be complaining as well if they took the deposit and then didn't allow you to bet with it for 6 months...because that's the only way they can be certain they have actually received it.

If someone at your pizza place charged back a payment, do you wish you could get that pizza back if you had already delivered it?

If someone buys a gift card in a shop, then charges back the payment for it. Do you think the shop should still honor the gift card and let you buy something with it?

The Kraken · 12-14-16, 07:20 AM

Originally posted by blowjoe2020

If any sportsbook honors a deposit and puts it into your account & lets you gamble it BEFORE they know whether it is "good" or verified or not, then isn't that their own fault?
Who else's fault could it be?
If they don't honor all money that THEY put into a client's account, then what's to stop them from just waiting and telling every big winner that their deposit was "bad" and then they'd never have to pay any big winners!

Please Pinnacle & all the other books, don't EVER put any money in my gambling account that you might possibly steal back later after I gamble it and win big!!
UGH!

They're operating on good faith, assuming that the deposit will clear and Im sure at least 95% of the time it does

The times it doesn't, they should not be helf liable for winnings as there was never any money deposited, its a free roll.

SADLY, Im sure there are a few good guys or honest characters that have unfortunately fallen through the cracks this policy creates but its good business to front the money, and its good business to null and void winnings on monies not deposited.

grease lightnin · 12-14-16, 07:28 AM

Is blowjoe really named David Ha Huang?

astro61200 · 12-14-16, 10:30 AM

Did this really need a second post? I believe Optional has all ready went over it with you.

My 3 year old acts like this, he'll ask me for something then when I don't give him the answer he wants he'll ask his mother. Are you 3 years old?

funnyb25 · 12-14-16, 10:40 AM

Haha same chit different name and day

jjgold · 12-14-16, 10:40 AM

This thread for scammers

unde0087 · 12-14-16, 10:52 AM

This type of shit doesn't happen to Pros

BuckyOne · 12-14-16, 11:11 AM

Look at how many times it has happened because the money at the credit card processor got frozen before the sportsbook collected it. Or a sportsbook transfer was OK'd but the sportsbook that was supposed to send the money to point B went teats up! That creates a big mess.

The only way to protect yourself is not play until you can confirm the money is good on their end! It is why sportsbooks like bank wires - money is rock solid good when they get it.

astro61200 · 12-14-16, 11:16 AM

I'm not allowed on Pinny anymore, because I live in the big, bad, USA. However, I have no issues with just using a debit card to put money on 5dimes. Literally, no issues with either of my cards (well Chase annoyingly makes me call them every 3 months to confirm I'm trying to make an international purchase, but that takes 3 minutes).

Never been a fan of the processor route. I either paid directly via card or wired it via **

Sam Odom · 12-14-16, 11:17 AM

merge this one with that one

RetiredinPunta · 12-14-16, 11:24 AM

Anyone who complains about pinnacle is a life time losing gambler who will save a lot of money if they quit gambling PERMANENTLY.

blowjoe2020 · 12-14-16, 08:38 PM

LOL One guy (Alpha) just won't stop posting about the "possibility" of someone charging back a credit card! No matter how many times I tell him that the Sportsbooks (OR any other business that accepts c-cards) takes a risk of a charge back happening EVERY time that they accept a credit card as payment!
The credit card charge is either immediately approved or denied! C-card Banks don't "change their mind" later and deny an approved charge!
And that is what happened to the huang guy. This place called Instadebit approved his charges and sent the money to pinnacle, THEN AFTER he won big, instadebit "changed their mind" and "took back" their approval of the deposits from pinnacle!
So pinnacle then voided his winnings!
I NEVER want that to happen to me. Don't ever put money in my account and let me gamble it, that you might possibly "take back" later!
THE END
If ANY sportsbook on earth put money in ANY of you people's account BEFORE they really knew it was "good" and then later stole back you winnings, you'd all be just like Huang!
You'd all be saying "Why'd you put it in there and let me gamble it if it really wasn't "good" yet!
End of story and you ALL know it!

blowjoe2020 · 12-14-16, 08:50 PM

LOL Alpha, one thing is for sure, you are ridiculous! You say:
"If someone buys a gift card in a shop, then charges back the payment for it. Do you think the shop should still honor the gift card and let you buy something with it?"
Buddy, for the tenth time, WE AREN'T TALKING ABOUT CHARGEBACKS! EVERY MERCHANT THAT ACCEPTS C-CARDS TAKES THE RISK OF A LATER Charg-back! If you still have money in a sportsbook account and you charg-back your card, then the money is GONE right away! DUH! That's why they put a 30 day hold on payouts! Because If you have already gotten a payout and then charg the card back, then WHO'S FAULT IS IT? It's the Sportsbooks fault!
I'm talking about OTHER forms of payment! Per your example, If you are a business and you have ALREADY let someone buy something with a form of payment BEFORE you knew it was good, then it is YOUR own fault! Who would give their products to someone BEFORE they knew the payment was good? Nobody! But if they did it would be their OWN fault if they didn't get the money!
(like pinnacle put the money in his account BEFORE they knew it was good, it's their OWN fault!)
End of story!
Now PLEASE don't talk about c-cards and chargebacks again! This ISN'T about chargebacks!

gauchojake · 12-14-16, 08:52 PM

Guy probably bounced a check to clown college

blowjoe2020 · 12-14-16, 08:57 PM

LOL If they put money in his account BEFORE the check bounced, then who's fault is that?

They'd NEVER put money from a check into a client's account before they got the funds from it! Or it'd be their OWN fault for taking the risk! So why'd they put this guys fund into his account from instadebit before they knew the funds were good?
It's their own fault for taking that risk.

blowjoe2020 · 12-14-16, 09:06 PM

Even though you people seem to be on the side of a sportsbook fronting someone money into their account, and then "taking back" the guy's winnings. I will just ask you this and end it immediately.
If you or I or anyone else has money put into their sportsbook account, then if it isn't "good money" as soon as it is put into your account, then when the hell would you EVER know it was really "good money"?!! LOL
I don't EVER want a dime put into my account until I know it is really "good money" and my winnings won't be stolen!!
Do any of you? LOL