I think the rage of bookies giving credit is high risk for them and will backfire!

[BrentCrude]

It's a recipe for disaster for online bookies to give credit.Not a recipe for disaster for some guy who's down to his last chance but for the bookies.

We are on the cusp of a near depression now and the old saying is,pride goes before the fall.Do you think people in dire straights fear one more debt that won't be paid off?Hell no!!I know so many people teetering on the brink of financial collapse and they would think nothing of making a large bet where if it wins,it's help to them and if they lose,they won't pay and it's no skin off their back.

When you know you aren't going to be sticking around your home turf very long,it's easy to gather up a couple of these online loan shark loans for $1500 each and a couple lines of credit from bookies where you might make a quick grand or two.So now you might have 5k more than you did a couple days ago and that's all you have in the world and you don't give a rats ass care that anyone loaned it to you.It's yours now and you will worry about paying it back when hell freezes over!!!!

[durito]

The only legitimate book giving credit is Jazz/ABC and they've been doing it through their agents for a decade, I think they know what they are doing.

The others will all fail/steal everyone's post up money in less than a year.

[Panic]

Big difference between getting credit without a credit check and having to have a good score to obtain it. Like CW is probably 80-90% players with no intention of paying if they lose. They went there without money in their pocket to begin with. Jazz, on the other hand, will make sure that you have good standing regarding credit before they give you a line of it. If you lose there and run, your credit is destroyed.

[durito]

Legally they can't do a thing to someones credit.

I could get a collection from a company collecting for a sportsbook taken off a report with a couple phone calls tops --- of course most people aren't smart enough to know how to do this.

Jazz has agents in the US though -- I have no idea what their plans are for this model, but they could send someone to collect.

[Panic]

They won't do it if there wasnt a way to make it very uncomfortable for you if you dont pay. Maybe they have a way of selling the debt to a third party that can put it on your report without you being able to get it taken off. Plus if they have your SS#, I think they will come up with some nasty shit if you get it thrown off your report. Like selling your number to the highest bidders. And they will definately fvck shit up.