1. #1
    THE HITMAN
    THE HITMAN's Avatar Become A Pro!
    Join Date: 06-16-07
    Posts: 2,373
    Betpoints: 16230

    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.

  2. #2
    KVB
    It's not what they bring...
    KVB's Avatar SBR PRO
    Join Date: 05-29-14
    Posts: 74,849
    Betpoints: 7576

    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.


  3. #3
    THE HITMAN
    THE HITMAN's Avatar Become A Pro!
    Join Date: 06-16-07
    Posts: 2,373
    Betpoints: 16230

    Good reply KVD

  4. #4
    KVB
    It's not what they bring...
    KVB's Avatar SBR PRO
    Join Date: 05-29-14
    Posts: 74,849
    Betpoints: 7576

    I wonder if SBR has ever had a case where they mediated to prove death and beneficiary for an account.

  5. #5
    THE HITMAN
    THE HITMAN's Avatar Become A Pro!
    Join Date: 06-16-07
    Posts: 2,373
    Betpoints: 16230

    A little disappointed this serious thread didnt get more attention. Thanks KVB

  6. #6
    Shute
    Shute's Avatar SBR PRO
    Join Date: 03-20-17
    Posts: 11,822
    Betpoints: 10802

    I have often wondered this myself

  7. #7
    Sam Odom
    Sam Odom's Avatar Become A Pro!
    Join Date: 10-30-05
    Posts: 58,063
    Betpoints: 37

    Family member has all Acct & PW numbers + identifying #s or words --- with BTC W/Ds arent as cumbersome as before

  8. #8
    pologq
    When you are SBR you are SBR 4 Life
    pologq's Avatar Become A Pro!
    Join Date: 10-07-12
    Posts: 19,849
    Betpoints: 5971

    i never thought of this. good post.

  9. #9
    RudyRuetigger
    Leave of absence until March Madness
    RudyRuetigger's Avatar Become A Pro!
    Join Date: 08-24-10
    Posts: 64,799
    Betpoints: 53

    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


  10. #10
    Chi_archie
    GASPING FOR AIR
    Chi_archie's Avatar SBR PRO
    Join Date: 07-22-08
    Posts: 63,130
    Betpoints: 2368

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

    So it's a good question

  11. #11
    Otters27
    Otters27's Avatar SBR PRO
    Join Date: 07-14-07
    Posts: 30,687
    Betpoints: 350

    Great post. Don't leave tousands in there

  12. #12
    Sam Odom
    Sam Odom's Avatar Become A Pro!
    Join Date: 10-30-05
    Posts: 58,063
    Betpoints: 37

    Quote Originally Posted by pologq View Post


    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

  13. #13
    Sam Odom
    Sam Odom's Avatar Become A Pro!
    Join Date: 10-30-05
    Posts: 58,063
    Betpoints: 37

    Old days , most of the time , needed photo ID and show up in person to cash check or receive $$$

  14. #14
    seaborneq
    It's time to collect
    seaborneq's Avatar Become A Pro!
    Join Date: 09-08-06
    Posts: 22,556
    Betpoints: 13422

    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.

  15. #15
    RudyRuetigger
    Leave of absence until March Madness
    RudyRuetigger's Avatar Become A Pro!
    Join Date: 08-24-10
    Posts: 64,799
    Betpoints: 53

    Quote Originally Posted by seaborneq View Post
    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

  16. #16
    seaborneq
    It's time to collect
    seaborneq's Avatar Become A Pro!
    Join Date: 09-08-06
    Posts: 22,556
    Betpoints: 13422

    Quote Originally Posted by RudyRuetigger View Post
    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.

  17. #17
    Sam Odom
    Sam Odom's Avatar Become A Pro!
    Join Date: 10-30-05
    Posts: 58,063
    Betpoints: 37

    Damn seaborneq

    you trust no one ? not even love ones ?

  18. #18
    RudyRuetigger
    Leave of absence until March Madness
    RudyRuetigger's Avatar Become A Pro!
    Join Date: 08-24-10
    Posts: 64,799
    Betpoints: 53

    Quote Originally Posted by seaborneq View Post
    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

  19. #19
    RudyRuetigger
    Leave of absence until March Madness
    RudyRuetigger's Avatar Become A Pro!
    Join Date: 08-24-10
    Posts: 64,799
    Betpoints: 53

    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

  20. #20
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,760
    Betpoints: 9137

    Quote Originally Posted by KVB View Post
    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.

  21. #21
    BrickJames
    Action
    BrickJames's Avatar SBR PRO
    Join Date: 05-05-11
    Posts: 9,761
    Betpoints: 8914

    Play at Nitrogensports.eu, Deposit at the beginning of the day and withdraw at the end of the day. Simple.

  22. #22
    seaborneq
    It's time to collect
    seaborneq's Avatar Become A Pro!
    Join Date: 09-08-06
    Posts: 22,556
    Betpoints: 13422

    Quote Originally Posted by RudyRuetigger View Post
    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 at 03:35 PM.

  23. #23
    RudyRuetigger
    Leave of absence until March Madness
    RudyRuetigger's Avatar Become A Pro!
    Join Date: 08-24-10
    Posts: 64,799
    Betpoints: 53

    Quote Originally Posted by seaborneq View Post
    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
    Points Awarded:

    Mac4Lyfe gave RudyRuetigger 1 Betpoint(s) for this post.


  24. #24
    KVB
    It's not what they bring...
    KVB's Avatar SBR PRO
    Join Date: 05-29-14
    Posts: 74,849
    Betpoints: 7576

    Quote Originally Posted by seaborneq View Post
    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.

  25. #25
    RudyRuetigger
    Leave of absence until March Madness
    RudyRuetigger's Avatar Become A Pro!
    Join Date: 08-24-10
    Posts: 64,799
    Betpoints: 53

    Quote Originally Posted by KVB View Post
    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?

  26. #26
    Booya711
    Big Dikk Energy
    Booya711's Avatar SBR PRO
    Join Date: 12-20-11
    Posts: 27,328
    Betpoints: 16097

    Quote Originally Posted by Sam Odom View Post
    Damn seaborneq

    you trust no one ? not even love ones ?

    family can be the worst to trust....and I do not trust anyone

  27. #27
    RudyRuetigger
    Leave of absence until March Madness
    RudyRuetigger's Avatar Become A Pro!
    Join Date: 08-24-10
    Posts: 64,799
    Betpoints: 53

    Quote Originally Posted by Booya711 View Post
    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

  28. #28
    Booya711
    Big Dikk Energy
    Booya711's Avatar SBR PRO
    Join Date: 12-20-11
    Posts: 27,328
    Betpoints: 16097

    Quote Originally Posted by RudyRuetigger View Post
    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

  29. #29
    Booya711
    Big Dikk Energy
    Booya711's Avatar SBR PRO
    Join Date: 12-20-11
    Posts: 27,328
    Betpoints: 16097

    Quote Originally Posted by RudyRuetigger View Post
    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

  30. #30
    firedawg
    firedawg's Avatar Become A Pro!
    Join Date: 10-08-08
    Posts: 39,219
    Betpoints: 1066

    Quote Originally Posted by RudyRuetigger View Post
    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

  31. #31
    KVB
    It's not what they bring...
    KVB's Avatar SBR PRO
    Join Date: 05-29-14
    Posts: 74,849
    Betpoints: 7576

    Quote Originally Posted by Booya711 View Post
    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.

  32. #32
    pologq
    When you are SBR you are SBR 4 Life
    pologq's Avatar Become A Pro!
    Join Date: 10-07-12
    Posts: 19,849
    Betpoints: 5971

    Quote Originally Posted by RudyRuetigger View Post
    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

  33. #33
    KVB
    It's not what they bring...
    KVB's Avatar SBR PRO
    Join Date: 05-29-14
    Posts: 74,849
    Betpoints: 7576

    Quote Originally Posted by THE HITMAN View Post
    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.

  34. #34
    ace7550
    ace7550's Avatar Become A Pro!
    Join Date: 05-08-15
    Posts: 3,729
    Betpoints: 7772

    Quote Originally Posted by RudyRuetigger View Post
    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.

  35. #35
    KVB
    It's not what they bring...
    KVB's Avatar SBR PRO
    Join Date: 05-29-14
    Posts: 74,849
    Betpoints: 7576

    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.

123 Last
Top