Important things on BETPHOENIX BONUS to consider

onthewhat · 08-21-09, 01:08 PM

Good thread

How are Heritage payouts? Fees?

alex81 · 08-21-09, 01:13 PM

I have been using Bet Phoenix since May. I requested my first payout a few weeks ago. They were going to send me a cheque but because I am Canadian they apparently couldn't send it. They then offered to send it by Money Gram and charge $50. I had to escalate this to a manager and finally i got my payout through Moneygram without any charges.

Nicky Santoro · 08-21-09, 01:13 PM

4- They now FINALLY do book to book transfers to matchbook for 50$.. 4k max i think..

pavyracer · 08-21-09, 01:16 PM

I don't worry about miniscule fees and rollover requirements. I have a plan and I am sticking to it. I have been beating the closing number every time I place a bet with them and this is all that matters.

Nicky Santoro · 08-21-09, 01:22 PM

and here's the best part..........they accept matchy transfers as deposits, and they still give bonuses on that too..

but here's a question..
can we take out winnings?

for example.. you send 10k.. after bonuses and FP's and a bit of winning, your acct now reaches 22k.. can you withdraw some of that without getting penalized on the bonus?

i will still leave the initial deposit and bonuses in there..

Reload · 08-21-09, 01:33 PM

Sounds like it's best to just bet the other side at another book and hope the Bet Phoenix deposit keeps going down, down, down with the other book's balance going up, up, up. No rollover to worry about that way and you get some free money out of it. And if all the Bet Phoenix bets win, then I guess you are well on your way to a big rollover anyway.

Fishhead · 08-21-09, 01:42 PM

Originally posted by Nicky Santoro

and here's the best part..........they accept matchy transfers as deposits, and they still give bonuses on that too..

but here's a question..
can we take out winnings?

for example.. you send 10k.. after bonuses and FP's and a bit of winning, your acct now reaches 22k.. can you withdraw some of that without getting penalized on the bonus?

i will still leave the initial deposit and bonuses in there..

99% certain one would have to leave all the winnings in the account until the rollover is met.

This is not the case with a few books out there, but I doubt that BP is one of them, especially considering the generous bonus here.

FH

Nicky Santoro · 08-21-09, 01:45 PM

i'm sure richie wouldn't mind to see us lose our whole deposit too in 1 shot and not have to play a whole rollover.

i remember back in the days when bonuses were great.i'd send a large amount to book A, get a big bonus..and then scalp it out with pinny.. well, it'd be 5x rollover.. i would lose it all after a 1x rollover and wouldn't have to bet anymore, which was great, then i'd win it all with pinny as i'd scalp other side with pinny..

it would work out so great that i'd be offered another big bonus by that book and start from scratch, meanwhile, my acct at pinny was way way up and both me and that other book were happy..

if you can do this all the time, life would be great, but unfortunately, it doesnt always work that way..

Chopsticks · 08-21-09, 02:30 PM

Nicky Santoro, here is a term from the General Terms from the BetMania site. They are part of the Phoenix group and you could consider opening an account with or transferring to them.

Originally posted by Betmania

The Free Play bonus can be used only on Straight wagers and Parlays of up to 3 teams, on any sports No futures or props are allowed. Rollover requirements must be met before all funds can be taken out of the account. Winnings can be withdrawn at any time. Everything over and above the original deposit, fees and bonus is considered winnings.

This suggests that with freeplay bonuses you can withdraw winnings at any time. But I am certain this term has been there since before they were taken over by BP and they will likely tell you to GTFO if you request a withdrawal while still doing the rollover on the basis of this term. It could be worth a try though.

A decent bonus, but rollover on winnings is ridiculous!

Nicky Santoro · 08-21-09, 02:44 PM

Originally posted by Chopsticks

Nicky Santoro, here is a term from the General Terms from the BetMania site. They are part of the Phoenix group and you could consider opening an account with or transferring to them.

This suggests that with freeplay bonuses you can withdraw winnings at any time. But I am certain this term has been there since before they were taken over by BP and they will likely tell you to GTFO if you request a withdrawal while still doing the rollover on the basis of this term. It could be worth a try though.

A decent bonus, but rollover on winnings is ridiculous!

thanks chopper.. i still don't know if i will be depositing there or not.. i will be calling richie tomorrow or sunday and go over all the rules.

Fishhead · 08-21-09, 03:07 PM

I'm ready to dive.