Dying and your Sports Book(s) Accounts

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  • THE HITMAN
    SBR MVP
    • 06-16-07
    • 2393

    #1
    Dying and your Sports Book(s) Accounts
    Since there has been alot of traffic and conversation about dying lately, I would like to touch on a different aspect of the subject.......and ask some questions. What happens to your sportsbook betting accounts when you die?? Tough to get cash out of them when you are alive, prolly impossible for your heir after you die?? I imagine they would pretty much make it verrry difficult (at best.) Any known safeguards to take with them? Obviously no one has experienced this firsthand, but does anyone know of any second-hand instances, negative or positive? Anyone with input? Something for at least some of us to think about,
    This is a serious question, please hold or direct wisecracks to a different forum or thread.
  • KVB
    SBR Aristocracy
    • 05-29-14
    • 74817

    #2
    Notify the book ahead of time. Some will accept the idea of a named beneficiary.

    Others will seek beneficiary paper work when there is a claimant.

    All cases will require a death cert.

    Make sure anyone left behind is aware of all accounts.

    Finally, keep account balances to a minimum as best you can to at least reduce you exposure and risk.

    Comment
    • THE HITMAN
      SBR MVP
      • 06-16-07
      • 2393

      #3
      Good reply KVD
      Comment
      • KVB
        SBR Aristocracy
        • 05-29-14
        • 74817

        #4
        I wonder if SBR has ever had a case where they mediated to prove death and beneficiary for an account.
        Comment
        • THE HITMAN
          SBR MVP
          • 06-16-07
          • 2393

          #5
          A little disappointed this serious thread didnt get more attention. Thanks KVB
          Comment
          • Shute
            SBR Posting Legend
            • 03-20-17
            • 11835

            #6
            I have often wondered this myself
            Comment
            • Sam Odom
              SBR Aristocracy
              • 10-30-05
              • 58063

              #7
              Family member has all Acct & PW numbers + identifying #s or words --- with BTC W/Ds arent as cumbersome as before
              Comment
              • pologq
                SBR Posting Legend
                • 10-07-12
                • 19899

                #8
                i never thought of this. good post.
                Comment
                • RudyRuetigger
                  SBR Aristocracy
                  • 08-24-10
                  • 65086

                  #9
                  noone gives their family info on all accounts


                  what, do you guys also give your wife sbr account to soak up the 12 daily points and trivia you are missing out on? DUMB



                  best thing to do is leave all info on a usb drive/micro sd card in your safe or somewhere private and written VERY IMPORTANT so when they go through things, they can find your accounts..have them perform a normal withdrawal assuming youve already verified documents


                  you dont go say hey, im withdrawing for this dead guy

                  Comment
                  • Chi_archie
                    SBR Aristocracy
                    • 07-22-08
                    • 63165

                    #10
                    Since this post was made over 500 million people have died according to a Myspace post I saw.

                    So it's a good question
                    Comment
                    • Otters27
                      BARRELED IN @ SBR!
                      • 07-14-07
                      • 30749

                      #11
                      Great post. Don't leave tousands in there
                      Comment
                      • Sam Odom
                        SBR Aristocracy
                        • 10-30-05
                        • 58063

                        #12
                        Originally posted by pologq


                        i never thought of this. good post.

                        with all the pertinent info and maybe the deceased cell phone... funds can be transferred out to a BTC addy by anyone
                        Comment
                        • Sam Odom
                          SBR Aristocracy
                          • 10-30-05
                          • 58063

                          #13
                          Old days , most of the time , needed photo ID and show up in person to cash check or receive $$$
                          Comment
                          • seaborneq
                            SBR Posting Legend
                            • 09-08-06
                            • 22556

                            #14
                            Since we are all responsible for our own accounts I'm sure the books just keep the money in the accounts. I'm sure there is fine print that there are no shared accounts, so basically no one else can withdraw money from anyone else's account, dead or alive. Win win for the books, lose lose for the account holder. If you are thinking about dying go ahead and withdraw your money. It's that simple. I know I did. If I die during football season then I'm screwed.
                            Comment
                            • RudyRuetigger
                              SBR Aristocracy
                              • 08-24-10
                              • 65086

                              #15
                              Originally posted by seaborneq
                              Since we are all responsible for our own accounts I'm sure the books just keep the money in the accounts. I'm sure there is fine print that there are no shared accounts, so basically no one else can withdraw money from anyone else's account, dead or alive. Win win for the books, lose lose for the account holder. If you think about dying going ahead and withdraw your money. It's that simple. I know I did. If I die during football season then I'm screwed.
                              until they have fingerprints on mouse buttons, they will never know you died if you give up your account info on a usb/micro sd...make sure to include your computer login credentials and instructions for them to do that on your computer

                              why do you guys not listen?


                              you are adding tons of BS if you say oh, hes dead but im related to him
                              Comment
                              • seaborneq
                                SBR Posting Legend
                                • 09-08-06
                                • 22556

                                #16
                                Originally posted by RudyRuetigger
                                until they have fingerprints on mouse buttons, they will never know you died if you give up your account info on a usb/micro sd

                                why do you guys not listen?




                                you are adding tons of BS if you say oh, hes dead but im related to him

                                That's my point. Who's giving up their account number and passwords and pin numbers to someone else even if they trust them.
                                Comment
                                • Sam Odom
                                  SBR Aristocracy
                                  • 10-30-05
                                  • 58063

                                  #17
                                  Damn seaborneq

                                  you trust no one ? not even love ones ?
                                  Comment
                                  • RudyRuetigger
                                    SBR Aristocracy
                                    • 08-24-10
                                    • 65086

                                    #18
                                    Originally posted by seaborneq
                                    That's my point. Who's giving up their account number and passwords and pin numbers to someone else even if they trust them.
                                    you save the fukkin usb/microsd in your safe or important area so that they find it when you die

                                    pay attention
                                    Comment
                                    • RudyRuetigger
                                      SBR Aristocracy
                                      • 08-24-10
                                      • 65086

                                      #19
                                      if you are detailed enough and create an extra column...VERIFIED AT BOOK, yes or no...they will know exactly how and where to cash out
                                      Comment
                                      • Optional
                                        Administrator
                                        • 06-10-10
                                        • 60698

                                        #20
                                        Originally posted by KVB
                                        I wonder if SBR has ever had a case where they mediated to prove death and beneficiary for an account.
                                        Yes a couple.

                                        One was a family member trying to pretend he was the owner to re enable a dead persons account that had gone dormant from inactivity. The book reported him for fraud but they also gave him details for the executor to apply for release of the money. Not sure what happened but it sounded like they would pay if it could be legally proven.

                                        Another one was the cell mate of a prisoner (suspected) who had died and who tried to collect after about 4 or 5 years of the account being dormant.

                                        I have never seen a genuine family member come looking for help. I assume most genuine ones that know accounts exist leave it to the executor to claim.


                                        I have thought more than a few times that millions must be sitting in sportsbook coffers due to deaths. And also wondered why regulators like the UKGC have not mandated all books offer to have a proxy registered who can claim easily once death is proven.
                                        .
                                        Comment
                                        • BrickJames
                                          SBR Hall of Famer
                                          • 05-05-11
                                          • 9749

                                          #21
                                          Play at Nitrogensports.eu, Deposit at the beginning of the day and withdraw at the end of the day. Simple.
                                          Comment
                                          • seaborneq
                                            SBR Posting Legend
                                            • 09-08-06
                                            • 22556

                                            #22
                                            Originally posted by RudyRuetigger
                                            you save the fukkin usb/microsd in your safe or important area so that they find it when you die

                                            pay attention
                                            The books barely give out information to the account holder, no way will someone with your pins and passwords get anything.
                                            Last edited by seaborneq; 01-28-20, 04:35 PM.
                                            Comment
                                            • RudyRuetigger
                                              SBR Aristocracy
                                              • 08-24-10
                                              • 65086

                                              #23
                                              Originally posted by seaborneq
                                              The books barely give out information to the account holder, no way will someone with you pins and passwords get anything.
                                              what are you talking about



                                              if i give my sister my account info right now

                                              she can easily log in, bet, withdraw and deposit
                                              Comment
                                              • KVB
                                                SBR Aristocracy
                                                • 05-29-14
                                                • 74817

                                                #24
                                                Originally posted by seaborneq
                                                The books barely give out information to the account holder, no way will someone with you pins and passwords get anything.
                                                Yeah, any advice to attempt to defraud the book that is given in this thread is terrible.

                                                All they have to do is ask for another pic and it's over, Funds could be confiscated due to fraud.

                                                Going the fraudulent route very stupid when it's not necessary.
                                                Comment
                                                • RudyRuetigger
                                                  SBR Aristocracy
                                                  • 08-24-10
                                                  • 65086

                                                  #25
                                                  Originally posted by KVB
                                                  Yeah, any advice to attempt to defraud the book that is given in this thread is terrible.

                                                  All they have to do is ask for another pic and it's over, Funds could be confiscated due to fraud.

                                                  Going the fraudulent route very stupid when it's not necessary.
                                                  what book asks you to take a selfie?

                                                  what a dumbass


                                                  its ID, bills, bank acct, etc

                                                  not a goddamn selfie

                                                  coinbase asks that sometimes\


                                                  do you guys bet?
                                                  Comment
                                                  • Booya711
                                                    BARRELED IN @ SBR!
                                                    • 12-20-11
                                                    • 27329

                                                    #26
                                                    Originally posted by Sam Odom
                                                    Damn seaborneq

                                                    you trust no one ? not even love ones ?

                                                    family can be the worst to trust....and I do not trust anyone
                                                    Comment
                                                    • RudyRuetigger
                                                      SBR Aristocracy
                                                      • 08-24-10
                                                      • 65086

                                                      #27
                                                      Originally posted by Booya711
                                                      family can be the worst to trust....and I do not trust anyone
                                                      do what i said and dont suck up to kvb because you met his ass at a bash
                                                      Comment
                                                      • Booya711
                                                        BARRELED IN @ SBR!
                                                        • 12-20-11
                                                        • 27329

                                                        #28
                                                        Originally posted by RudyRuetigger
                                                        what book asks you to take a selfie?

                                                        what a dumbass


                                                        its ID, bills, bank acct, etc

                                                        not a goddamn selfie

                                                        coinbase asks that sometimes\


                                                        do you guys bet?

                                                        plenty bet Rudy....but most never withdraw
                                                        Comment
                                                        • Booya711
                                                          BARRELED IN @ SBR!
                                                          • 12-20-11
                                                          • 27329

                                                          #29
                                                          Originally posted by RudyRuetigger
                                                          do what i said and dont suck up to kvb because you met his ass at a bash
                                                          not sucking up to anyone...responding to sammy about trusting family....pay attention
                                                          Comment
                                                          • firedawg
                                                            BARRELED IN @ SBR!
                                                            • 10-08-08
                                                            • 39219

                                                            #30
                                                            Originally posted by RudyRuetigger
                                                            what book asks you to take a selfie?

                                                            what a dumbass


                                                            its ID, bills, bank acct, etc

                                                            not a goddamn selfie

                                                            coinbase asks that sometimes\


                                                            do you guys bet?
                                                            Actually youwager made me take a selfie holding my ID after being there 10+ years
                                                            Comment
                                                            • KVB
                                                              SBR Aristocracy
                                                              • 05-29-14
                                                              • 74817

                                                              #31
                                                              Originally posted by Booya711
                                                              plenty bet Rudy....but most never withdraw
                                                              Exactly. Those of us who actually take out of the pool get harrassed constantly by the books to do so.

                                                              If you care about the Funds, you won't try to have someone else withdraw without legal authority.

                                                              That's like forfeiting your funds.
                                                              Comment
                                                              • pologq
                                                                SBR Posting Legend
                                                                • 10-07-12
                                                                • 19899

                                                                #32
                                                                Originally posted by RudyRuetigger
                                                                what book asks you to take a selfie?

                                                                what a dumbass


                                                                its ID, bills, bank acct, etc

                                                                not a goddamn selfie

                                                                coinbase asks that sometimes\


                                                                do you guys bet?
                                                                before I could use Z E L L E with betnow they asked for a selfie holding my license
                                                                Comment
                                                                • KVB
                                                                  SBR Aristocracy
                                                                  • 05-29-14
                                                                  • 74817

                                                                  #33
                                                                  Originally posted by THE HITMAN
                                                                  Good reply KVD
                                                                  Yeah there's some good advice in this thread and some really bad advice born out of ignorance or need to e-fight.

                                                                  Readers should discern for sure.
                                                                  Comment
                                                                  • ace7550
                                                                    SBR MVP
                                                                    • 05-08-15
                                                                    • 3729

                                                                    #34
                                                                    Originally posted by RudyRuetigger
                                                                    until they have fingerprints on mouse buttons, they will never know you died if you give up your account info on a usb/micro sd...make sure to include your computer login credentials and instructions for them to do that on your computer

                                                                    why do you guys not listen?


                                                                    you are adding tons of BS if you say oh, hes dead but im related to him
                                                                    I'm with Rudy on this. Give someone all the info they need to withdraw your money. Simple. Obviously you have to trust them. But if you don't have someone you can trust with that info who really cares what happens to the money anyways.
                                                                    There are a couple stories of crypto millionaires dying without leaving their private keys with anyone. Those millions are gone forever.
                                                                    Good thread. I'd never thought about this.
                                                                    Comment
                                                                    • KVB
                                                                      SBR Aristocracy
                                                                      • 05-29-14
                                                                      • 74817

                                                                      #35
                                                                      It's fine to back up info with someone, especially the estate or bene, but before you withdraw on any account, especially if it hasn't been active, it might be best it approach it legitimately.

                                                                      If a withdrawal request comes and the book pulls an extra KYC move, then the news of death comes out, some books might use it to justify confiscation.

                                                                      Not saying that hole can't be dug out of, but if there's any amount worth a shit, it's really not necessary to dig the hole to begin with.

                                                                      If you come from a fraud perspective first, you may get dealt an unappy hand.
                                                                      Comment
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