Matchbook leaving the US

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  • justonetime
    SBR Sharp
    • 11-17-09
    • 297

    #421
    Wow, I didn't follow up on this thread for a couple of weeks. They actually are leaving the US market entirely?
    Comment
    • lumpy19
      SBR High Roller
      • 09-12-08
      • 114

      #422
      Originally posted by linedrivr
      how can you even state this as they have new ownership and no one knows what is going to happen in the future with them? Are you part of the new ownership group? if not, your statement above is unfounded and holds ZERO VALIDITY!

      Because of your continued schilling of MB, many of us got caught with our pants down and a large amount of funds tied up there now. Speaking for myself, I would have transferred my funds out of there weeks ago with all the rumors flying around but listening to your bs, I kept it there thinking we were good to go for baseball season.

      I'm a big boy and can deal with the circumstances but I could have done without the headache I will be going through over the next 30 days or so trying to recoup 5 figures from MB and then dealing with my bank explaining why I have a 5 figure international wire hitting my account without them red flagging my account for review to the feds. If I sound real irritated, it's because I AM!

      I can assure you, I am not alone in the feelings I have for your bs schilling!
      this won't happen, your bank doesn't care
      Comment
      • todd73nj
        SBR Wise Guy
        • 08-09-08
        • 824

        #423
        Originally posted by linedrivr
        how can you even state this as they have new ownership and no one knows what is going to happen in the future with them? Are you part of the new ownership group? if not, your statement above is unfounded and holds ZERO VALIDITY!

        Because of your continued schilling of MB, many of us got caught with our pants down and a large amount of funds tied up there now. Speaking for myself, I would have transferred my funds out of there weeks ago with all the rumors flying around but listening to your bs, I kept it there thinking we were good to go for baseball season.

        I'm a big boy and can deal with the circumstances but I could have done without the headache I will be going through over the next 30 days or so trying to recoup 5 figures from MB and then dealing with my bank explaining why I have a 5 figure international wire hitting my account without them red flagging my account for review to the feds. If I sound real irritated, it's because I AM!

        I can assure you, I am not alone in the feelings I have for your bs schilling!

        I think you quoted the wrong response - You should have quoted this one - Originally Posted by Fishhead
        For those in many other jurisdictions(countries), and a small minority of U.S. clients, Matchbook will continue to provide a great offshore wagering experience, one of the very best in the entire world.

        A clear insinuation that some US players will still be able to play there.

        Sorry that you acted on what he said, Linedrivr. I tend to go with what I feel as opposed to what other people do. But I as well still have money there after the writing was clearly on the wall. I think Fishhead is a smart guy when reading his posts that dont involve his critiques of a book that had turned for the worse in the last year.
        Comment
        • philswin
          SBR MVP
          • 04-18-07
          • 1279

          #424
          Wow just reading this what bad news. Hopefully something can fill the void but do not see that happening in the near future. I am glad I withdrew my funds after football season, had to do it B2b. When I asked them what options they had for withdrawling and the only thing they could tell me was B2B I was a little concerned, decided to take out all funds at that point. Other books were not going to stand for being Matchbook bankers very long, we would have seen more fees and rollovers. hopefully everyone gets their funds out quickly. Hopefully SBR can work with then to get them to do B2B with other books, it would seem the easiest way and I am sure other books would not mind getting money transferred in, if the players agreed to a 1 or 2 times rollover. Maybe this can be worked out.
          Comment
          • Nicky Santoro
            SBR Posting Legend
            • 04-08-08
            • 16103

            #425
            you know what i find weird?? its that i have never seen matchy with this much liquidity at 1 pm EST since it's opened up yrs ago. how is that there close to 10k liquidity on most NBA games tonight??

            could it be that Matchy didn't get most of their business from U.S. citizens? could it be that matchy might get even bigger now without the U.S.??

            This is all very confusing..
            Comment
            • happylays
              SBR Rookie
              • 02-26-11
              • 13

              #426
              Crazy times for online gambling.. and it just keeps getting crazier
              Comment
              • Sfritts8
                Restricted User
                • 05-17-10
                • 409

                #427
                Someone please explain if they have all the money to pay the players why they wont do b2b transfers. Why would they wire the money which would cause way more problems for everyone involved, I got some serious change in there and I would very much like to believe I will see all of it in the next month.
                Comment
                • vanzack
                  SBR Sharp
                  • 12-16-06
                  • 478

                  #428
                  Originally posted by lumpy19
                  this won't happen, your bank doesn't care
                  That is too much of a blanket statement to be accurate.

                  Banks look for anomolies in activity. If this guy has a instant deposit of 500 per week, pays his electric bill and cable bill, and hasnt written a check for more than 1k in several years he has established a pattern of activity. If all of a sudden he gets a 5 figure icoming international wire, it MIGHT draw attenttion - you cant rule it out. Is it likely? Who knows.

                  What are the reprocussions? Not much, the bank can ask you to leave (has happened to me several times) but there are lots of banks out there willing to take your business. You could have a suspicious activity report (SAR) filed against you, but that would result in very little - you have done nothing illegal and as far as I know - nobody has ever had money confiscated under the UIGEA.

                  So there isnt much risk, but to say the bank doenst care is taking it a little bit too far. The bank MIGHT care, but all in all, the risks are very small.
                  Comment
                  • RealSlimShady
                    SBR Hall of Famer
                    • 12-24-07
                    • 6249

                    #429
                    Originally posted by Nicky Santoro
                    you know what i find weird?? its that i have never seen matchy with this much liquidity at 1 pm EST since it's opened up yrs ago. how is that there close to 10k liquidity on most NBA games tonight??

                    could it be that Matchy didn't get most of their business from U.S. citizens? could it be that matchy might get even bigger now without the U.S.??

                    This is all very confusing..


                    They are seeding the markets......
                    Comment
                    • durito
                      SBR Posting Legend
                      • 07-03-06
                      • 13173

                      #430
                      Originally posted by Fishhead
                      They don't ask for the SECURITY CODE!



                      .
                      So after all that, your balance there is less than 10k?
                      Comment
                      • todd73nj
                        SBR Wise Guy
                        • 08-09-08
                        • 824

                        #431
                        Originally posted by Nicky Santoro
                        you know what i find weird?? its that i have never seen matchy with this much liquidity at 1 pm EST since it's opened up yrs ago. how is that there close to 10k liquidity on most NBA games tonight??

                        could it be that Matchy didn't get most of their business from U.S. citizens? could it be that matchy might get even bigger now without the U.S.??

                        This is all very confusing..
                        Nick, Im sure you didnt read thru all 500 posts if you are just hitting this thread - but if you go back to 4am last night I posted the same thing. Was the best liquidity I have seen there at that time in years. And Im looking at it right now also and I completeky agree with you. But as someone will say - they are seeding the market. As if thats what this dead exchange wasnt doing prior to today anyway?


                        I posted up the exact markets for MB at about this time on a Friday a few wekes back and there was a few hundred dollars a side on the NBA. It was embarassing. But yet everyone was able to get down $5000 wagers at the best prices!
                        Comment
                        • sharpcat
                          Restricted User
                          • 12-19-09
                          • 4516

                          #432
                          Originally posted by Nicky Santoro
                          you know what i find weird?? its that i have never seen matchy with this much liquidity at 1 pm EST since it's opened up yrs ago. how is that there close to 10k liquidity on most NBA games tonight??

                          could it be that Matchy didn't get most of their business from U.S. citizens? could it be that matchy might get even bigger now without the U.S.??

                          This is all very confusing..
                          Obviously the new ownership is temporarily acting as the market makers until things get up and rolling again.
                          Comment
                          • P.F.Kasooff
                            SBR MVP
                            • 11-13-10
                            • 1903

                            #433
                            Comment
                            • sportsfanatic
                              SBR MVP
                              • 03-10-07
                              • 3967

                              #434
                              i had no idea that half of matchbook's customers were non-U.S.
                              Comment
                              • vanzack
                                SBR Sharp
                                • 12-16-06
                                • 478

                                #435
                                They are obviously seeding the market.

                                Look at todays English Premier League game. On most days, this would have like 50 bucks on each side. 15 cent spreads with some nice amounts sitting out there.



                                Stoke City v West Bromwich Albion Feb 28 3:00 pm
                                Stoke
                                back-113$1,721

                                23 lay+102$1,812


                                West Brom
                                back+370$1,080

                                23 lay-440$4,726

                                DRAW (STC/WBROM)
                                back+236$1,361

                                23 lay-272$3,362
                                Comment
                                • todd73nj
                                  SBR Wise Guy
                                  • 08-09-08
                                  • 824

                                  #436
                                  Originally posted by Sfritts8
                                  Someone please explain if they have all the money to pay the players why they wont do b2b transfers. Why would they wire the money which would cause way more problems for everyone involved, I got some serious change in there and I would very much like to believe I will see all of it in the next month.

                                  ... And they are so worried about US Law - so start out right by violating it. Send checks via Fedex and be done with it. Provide all users a tracking number. Give them 30 days to update their address if need be. And its done. Simple. No need to send them information. Nothing. If you have the money to wire - you have the money to cut checks.
                                  Comment
                                  • dark star
                                    SBR MVP
                                    • 01-04-09
                                    • 3900

                                    #437
                                    What do you know looks like Members might know what is going on off-shore....even though Legion36 thinks he knows more than him.
                                    Comment
                                    • CLASSIC ROCK
                                      SBR Wise Guy
                                      • 07-23-09
                                      • 574

                                      #438
                                      If I had to start using a local again, I probably would quit gambling
                                      Comment
                                      • durito
                                        SBR Posting Legend
                                        • 07-03-06
                                        • 13173

                                        #439
                                        Originally posted by todd73nj
                                        ... And they are so worried about US Law - so start out right by violating it. Send checks via Fedex and be done with it. Provide all users a tracking number. Give them 30 days to update their address if need be. And its done. Simple. No need to send them information. Nothing. If you have the money to wire - you have the money to cut checks.
                                        Please cite the US law that makes wires illegal and checks legal.
                                        Comment
                                        • todd73nj
                                          SBR Wise Guy
                                          • 08-09-08
                                          • 824

                                          #440
                                          Originally posted by durito
                                          Please cite the US law that makes wires illegal and checks legal.
                                          I think 99% of the talk here is about ************, is it not?

                                          What I said is - If they have the money to wire (which is an immediate debit from their account) - then they have the money available to send out checks. I didnt say I would like a wire. I do not want the money applied to my CC. I have no need for a -$9200 transaction.
                                          Comment
                                          • todd73nj
                                            SBR Wise Guy
                                            • 08-09-08
                                            • 824

                                            #441
                                            Didnt know I couldnt spell it out... 99% of the talk is about sending money back to CCs
                                            Comment
                                            • Igetp2s
                                              SBR MVP
                                              • 05-21-07
                                              • 1046

                                              #442
                                              Where does it say the wire has to be done all at once? I would prefer to break it down to smaller amounts. I didn't see that requirement anywhere.
                                              Comment
                                              • Scorpion
                                                SBR Hall of Famer
                                                • 09-04-05
                                                • 7797

                                                #443
                                                Originally posted by Igetp2s
                                                Where does it say the wire has to be done all at once? I would prefer to break it down to smaller amounts. I didn't see that requirement anywhere.
                                                their rep said so on 2+2
                                                Sports Betting - Discussions related to wagering on sporting events.
                                                Comment
                                                • CaptainHindsight
                                                  SBR Rookie
                                                  • 01-04-11
                                                  • 20

                                                  #444
                                                  What about player to player transfers, for those that have a contact in another country?
                                                  Comment
                                                  • Scorpion
                                                    SBR Hall of Famer
                                                    • 09-04-05
                                                    • 7797

                                                    #445
                                                    their XML line feed does not woek any more either, even for europeans
                                                    Comment
                                                    • Scorpion
                                                      SBR Hall of Famer
                                                      • 09-04-05
                                                      • 7797

                                                      #446
                                                      Originally posted by CaptainHindsight
                                                      What about player to player transfers, for those that have a contact in another country?
                                                      email ClockWyze
                                                      Comment
                                                      • eatdust11
                                                        SBR Wise Guy
                                                        • 02-16-09
                                                        • 683

                                                        #447
                                                        Would a ******** prepaid card work to have the money loaded on? I really don't want to give my regular CC..
                                                        Comment
                                                        • Trident
                                                          SBR MVP
                                                          • 02-07-09
                                                          • 2362

                                                          #448
                                                          Originally posted by Fishhead
                                                          Bad news for U.S. based clients
                                                          Originally posted by Fishhead

                                                          For those in many other jurisdictions(countries), and a small minority of U.S. clients, Matchbook will continue to provide a great offshore wagering experience, one of the very best in the entire world.
                                                          Why do you continue with this useless dribble when you have absolutely no clue what you are talking about?
                                                          Comment
                                                          • rm18
                                                            SBR Posting Legend
                                                            • 09-20-05
                                                            • 22291

                                                            #449
                                                            Originally posted by Strange Design
                                                            Thanks, FourLengths. That's awfully ambiguous wording but hopefully it works out. I would've much preferred to let my Spurs +1050 ticket ride it out, but getting it back at market price is better than nothing I guess.
                                                            If they are paying a generous market price that means you would be able to take the money they give you and then bet the Spurs to win it all at a different book and get a higher return than your +1050 bet.
                                                            Comment
                                                            • CaptainHindsight
                                                              SBR Rookie
                                                              • 01-04-11
                                                              • 20

                                                              #450
                                                              Originally posted by Scorpion
                                                              He's pretty clear that that isn't an option.
                                                              Comment
                                                              • thespeculator
                                                                SBR MVP
                                                                • 09-09-08
                                                                • 2999

                                                                #451
                                                                shocking , but when the deposit options kept drying up i guess it was a matter of time, maybe they feel they have the brand recognition to take some business from betfair, i hope this doesn't include canadians
                                                                Comment
                                                                • linedrivr
                                                                  SBR MVP
                                                                  • 01-04-10
                                                                  • 2223

                                                                  #452
                                                                  Originally posted by todd73nj
                                                                  ... And they are so worried about US Law - so start out right by violating it. Send checks via Fedex and be done with it. Provide all users a tracking number. Give them 30 days to update their address if need be. And its done. Simple. No need to send them information. Nothing. If you have the money to wire - you have the money to cut checks.
                                                                  .

                                                                  this is BS. The US has no law jurisdiction offshore. If they are worried, it's for a different reason.
                                                                  Comment
                                                                  • BSTPNM68
                                                                    SBR Hustler
                                                                    • 02-26-06
                                                                    • 83

                                                                    #453
                                                                    Originally posted by linedrivr
                                                                    I'm a big boy and can deal with the circumstances but I could have done without the headache I will be going through over the next 30 days or so trying to recoup 5 figures from MB and then dealing with my bank explaining why I have a 5 figure international wire hitting my account without them red flagging my account for review to the feds. If I sound real irritated, it's because I AM!
                                                                    The very first impression I got when I first read the withdraw procedures is that the IRS--if my memory serves me correctly--has a rule that requires citizens to report wires of greater than $10k. Please, someone come in correct me if I am wrong, but I think this withdraw procedure for $10k+ could cause some grief for some of the larger accounts.
                                                                    Comment
                                                                    • RealSlimShady
                                                                      SBR Hall of Famer
                                                                      • 12-24-07
                                                                      • 6249

                                                                      #454
                                                                      The bottom line is that new ownership decided that the US market, with possible legal ramifications, plus high cost of processing, etc is just not worth pursuing. When they cut off credit accounts some weeks ago, it was a sign of things to come. I believe the biggest players are on the credit side and when they were willing to forgo it, the postup side's demise was inevitable.
                                                                      Comment
                                                                      • RealSlimShady
                                                                        SBR Hall of Famer
                                                                        • 12-24-07
                                                                        • 6249

                                                                        #455
                                                                        Originally posted by BSTPNM68
                                                                        The very first impression I got when I first read the withdraw procedures is that the IRS--if my memory serves me correctly--has a rule that requires citizens to report wires of greater than $10k. Please, someone come in correct me if I am wrong, but I think this withdraw procedure for $10k+ could cause some grief for some of the larger accounts.

                                                                        I don't think there is such a rule. Only for cash transactions, I believe.
                                                                        Comment
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