No Sportsbook.com withdraws

[Max]

What to do? Just had my withdrawel replaced into my account. Two of my friends recommended Sportsbook.com and now should I ask for a refund again and maybe as they have stated in their new e-mail that it will take 3-5 weeks if "we the customers" are lucky. Hopefull, they (Sportsbook.com) will find a new way to send money. If anyone starts to receive money, please post a quick response so that the rest of us can ask for our money. I will keep my two friends updated on the progress so that they will know if they should send any more money to Sportsbook.com. Good luck to all on getting their money back. I requested my funds a month ago and now I'm back to the beginning! Sending money via the bank route was cancelled and I hear checks are bouncing too.

[SBR Lou]

The main thing is this, don't panic. Believe me Max I know the situation sucks, but don't lose the money to them. Sit tight, you'll most likely be paid before the start of NFL, it's a bitch of a wait but if you're restless try scalping it out into another book.

[HedgeHog]

The main thing is this, don't panic. Believe me Max I know the situation sucks, but don't lose the money to them. Sit tight, you'll most likely be paid before the start of NFL, it's a bitch of a wait but if you're restless try scalping it out into another book.

Sounds good in theory, but what if the SB.com side of the bet(s) wins? He's then stuck with more money at a place that can't pay him any time in the near future.

[SBR Lou]

Sounds good in theory, but what if the SB.com side of the bet(s) wins? He's then stuck with more money at a place that can't pay him any time in the near future.

That's definitely the risk, but it's better to attempt that then get bored and play in the casino or make random bets. It can be tough not to touch a balance for a month straight, especially if there are no other outs one has funded.

[pico]

don't worry, according to shamuswoof your money is perfectly safe at sportsbook.com. ask him if you have more questions.

[sportsbookscams]

Said it before but it bears repeating....

I have been with sportsbook since April of 2002. This is the ONLY time I have ever run into problems with them. Processing or otherwise. However, this has been a big enough problem for me to decide to go with another book. I worried myself sick over this due to the high amount I have tied up with them. I was convinced that they were about to go out of business. However, if they were really at the point of folding, I don't think it would be now, this close to the start of football season. Maybe I'm delusional, but I just don't see the going belly up now of all times. I do somewhat do still believe we will get paid. Although, that belief is fading with each passing day. One thing is for certain. No matter what happens, I'm done with them.

[topgame85]

The problem is everyone who would of used them for FB has had problems with them so noone is going to deposit which means they will have no money to payout, its a pyramid scheme now, you get paid when they get money from others then the others wont be able to cash out until more people deposit etc etc

[durito]

The problem is everyone who would of used them for FB has had problems with them so noone is going to deposit which means they will have no money to payout, its a pyramid scheme now, you get paid when they get money from others then the others wont be able to cash out until more people deposit etc etc

you'd have thought the same thing last year, but sure enough it didn't happen.

most of their clients deposit by credit card and like most gamblers rarely win anything. the few that win probably cash out after football season and don't play again till the next sept.

it's rather amusing that none of these processing issues come up during football season. that really might mean the end.

[SBR_John]

What to do? Just had my withdrawel replaced into my account. Two of my friends recommended Sportsbook.com and now should I ask for a refund again and maybe as they have stated in their new e-mail that it will take 3-5 weeks if "we the customers" are lucky. Hopefull, they (Sportsbook.com) will find a new way to send money. If anyone starts to receive money, please post a quick response so that the rest of us can ask for our money. I will keep my two friends updated on the progress so that they will know if they should send any more money to Sportsbook.com. Good luck to all on getting their money back. I requested my funds a month ago and now I'm back to the beginning! Sending money via the bank route was cancelled and I hear checks are bouncing too.

Huh?

[bigloser]

The main thing is this, don't panic. Believe me Max I know the situation sucks, but don't lose the money to them. Sit tight, you'll most likely be paid before the start of NFL, it's a bitch of a wait but if you're restless try scalping it out into another book.

This is the worst possible thing you could do.

[SBR Lou]

This is the worst possible thing you could do.

If you have a big enough bankroll, it's actually better than waiting two months for a payout. Simply scalp it out into a book you know pays quickly.

[pico]

If you have a big enough bankroll, it's actually better than waiting two months for a payout. Simply scalp it out into a book you know pays quickly.

stupid idea

[SBR Lou]

stupid idea

Options

1.) Wait 5-8 weeks for a check
2.) If you have a PROPER bankroll, just look for scalps so you don't lose any money in transferring the funds to a reputable, quick paying book. You cannot lose money this way , even if you initially lose more into Sportsbook. That's why having a proper sized BR is imperative.
3.) End up losing it in Sportsbook by not waiting or having discipline.

Maybe option 2 is stupid for you, or for someone with no funds elsewhere, but it's a feasible option if your bankroll permits it.

[topgame85]

I agree with crazy here, very good idea if you have the means by which to do it

[pico]

Options

1.) Wait 5-8 weeks for a check
2.) If you have a PROPER bankroll, just look for scalps so you don't lose any money in transferring the funds to a reputable, quick paying book. You cannot lose money this way , even if you initially lose more into Sportsbook. That's why having a proper sized BR is imperative.
3.) End up losing it in Sportsbook by not waiting or having discipline.

Maybe option 2 is stupid for you, or for someone with no funds elsewhere, but it's a feasible option if your bankroll permits it.

you really believe this?

[pico]

crazyl, why don't you propose a hypothetical scalp and all the possible outcomes.

[SBR Lou]

you really believe this?

Ok, lets make an example.

You have $1000 in Sportsbook.

Say you have at least 3-5X that in reputable shops. Meaning, you have more than one out to choose from, and your bankroll isn't limited to the money in Sportsbook.

The only way you're gonna lose is if your money is confiscated by Sportsbook, because if your bankroll allows you can literally just keep betting until you lose all the SB money to a different shop.

[SBR Lou]

Picoman, I scalped out $1200 from Sportsbook by using MLB RL's which were off market two weeks ago, so I'm unsure why you're deadset that this cannot be done. If you'd like I'll paste the games for you.

[pico]

Ok, lets make an example.

You have $1000 in Sportsbook.

Say you have at least 3-5X that in reputable shops. Meaning, you have more than one out to choose from, and your bankroll isn't limited to the money in Sportsbook.

The only way you're gonna lose is if your money is confiscated by Sportsbook, because if your bankroll allows you can literally just keep betting until you lose all the SB money to a different shop.

you still have not said anything about how to do the scalp and what are the possible outcomes.

[pico]

Picoman, I scalped out $1200 from Sportsbook by using MLB RL's which were off market two weeks ago, so I'm unsure why you're deadset that this cannot be done. If you'd like I'll paste the games for you.

you really sound like a tout.

by your reason, why even scalp...all you have to do is to make sure you bet the losing side of the game at SB and the winning side of the game at a reputable book.

[SBR Lou]

LINESMAKER

Straight Wager 07/07/08 17:58 ET
bet 200.00 to win 290.00 Result: Wager Lost
Mariners(Seattle) Washburn 3
Athletics(Oakland) Eveland 4 07/07/08(22:05 ET)
Athletics(Oakland) -1.5 (+145)

Straight Wager 07/07/08 18:03 ET
bet 200.00 to win 310.00 Result: Wager Lost
Rockies(Colorado) Jimenez 4
Brewers(Milwaukee) McClung 3 07/07/08(20:05 ET)
Brewers(Milwaukee) -1.5 (+155)

Straight Wager 07/08/08 16:14 ET
bet 200.00 to win 240.00 Result: Wager Lost
Angels(LAA) Saunders 2
Rangers(Texas) Harrison 3 07/08/08(21:20 ET)
Angels(LAA) -1.5 (+120)

Other book

[Won: $200.00] Straight bet. Risking $240.00, to win $200.00.

* [Win] American League
TEX +1½ -120 [Both] on LAA [J Saunders -L] - TEX [M Harrison -L] [Tue, Jul 8 8:05PM] [MLB RL]

[Won: $200.00] Straight bet. Risking $300.00, to win $200.00.

* [Win] Major League Baseball | National League
COL +1½ -150 [Both] on COL [U Jimenez -R] - MIL [S Mcclung -R] [Mon, Jul 7 8:05PM] [MLB RL]

[Won: $200.00] Straight bet. Risking $280.00, to win $200.00.

* [Win] American League
SEA +1½ -140 [Both] on SEA [J Washburn -L] - OAK [D Eveland -L] [Mon, Jul 7 10:05PM] [MLB RL]

[durito]

The problem is that sportsbook.com typically only steals from players after they hit that once in a lifetime win.

So, say you find a -1000 at pinnacle and a +1000 at sportbook.com and you have enough $ at pinnacle to attempt to scalp out your whole balance.

And guess what, the +1000 wins, and sportsbook.com decides to steal it. Now you've lost your sportsbook.com balance and your pinnacle balance

[SBR Lou]

by your reason, why even scalp...all you have to do is to make sure you bet the losing side of the game at SB and the winning side of the game at a reputable book.

Because you'll lose the juice that way obviously.

[pico]

The problem is that sportsbook.com typically only steals from players after they hit that once in a lifetime win.

So, say you find a -1000 at pinnacle and a +1000 at sportbook.com and you have enough $ at pinnacle to attempt to scalp out your whole balance.

And guess what, the +1000 wins, and sportsbook.com decides to steal it. Now you've lost your sportsbook.com balance and your pinnacle balance

tried using the socratic method to tell crazl, but straight to the point is more clearer.

[SBR Lou]

OK Picoman, do like you said, simply make straight bets where you think you'll win at one book, and lose at Sportsbook. That way you not only lose the juice, you also STILL run the risk of having funds confiscated if you go on a heater at Sportsbook...

[bigloser]

If you have a big enough bankroll, it's actually better than waiting two months for a payout. Simply scalp it out into a book you know pays quickly.

If you have a big enough bankroll you can afford to wait.

Scalping is so mathematically incorrect that it makes me

[SBR Lou]

Okay, so leave the funds there and wait for 8 weeks. Up to you bud.

[bigloser]

Options

1.) Wait 5-8 weeks for a check
2.) If you have a PROPER bankroll, just look for scalps so you don't lose any money in transferring the funds to a reputable, quick paying book. You cannot lose money this way , even if you initially lose more into Sportsbook. That's why having a proper sized BR is imperative.
3.) End up losing it in Sportsbook by not waiting or having discipline.

Maybe option 2 is stupid for you, or for someone with no funds elsewhere, but it's a feasible option if your bankroll permits it.

No it isnt a feasible option

[SBR Lou]

No it isnt a feasible option

I was dreaming when I scalped out $1200 from them...

It's not possible at all. Sorry for lying.

[bigloser]

I was dreaming when I scalped out $1200 from them...

.

No you were lucky, it happens

[bigloser]

Most opinions in sportsbetting are just that, opinions, they may be right they may be wrong.

Scalping out of a bad sportsbook does not fall into this category. It is wrong, it can be proven to be wrong mathematically. There are no circumstances where it is correct.

[durito]

I was dreaming when I scalped out $1200 from them...

It's not possible at all. Sorry for lying.

Of course it is possible.

I will occasionally do this. But, you are playing with fire with those guys and they last thing I'd want is to get unlucky and end up with even more money in a D- book.

Obviously this isn't the same as when people were suggesting doing this with cascade as the chances of sportsbook.com paying are quite a bit higher, probably even 99%+ But, there is still a underlying risk everyone should be aware of.

[durito]

Most opinions in sportsbetting are just that, opinions, they may be right they may be wrong.

Scalping out of a bad sportsbook does not fall into this category. It is wrong, it can be proven to be wrong mathematically. There are no circumstances where it is correct.

You would have to define bad sportsbook for this to be accurate. If by bad sportsbook you mean a 0% chance of payment, then sure you are right.

However, if the chance of payment is greater than 0, then there are certainly circumstances where it could be the correct move.

[SBR Lou]

However, if the chance of payment is greater than 0, then there are certainly circumstances where it could be the correct move.

That's all I'm saying. Linesmaker is rated C-, a touch above most of the Sportsbook sites, and there were no recent news at all that I've read to make me fear my funds would be outright confiscated. Because of that, I felt comfortable doing so. Heck, they encourage you to cancel your payout and give them more action, so I didn't feel if I were to scalp lopsided that security was an issue, since I fully intended to keep playing until I transferred the balance to a quicker paying book. Rather than wait maybe 8+ weeks.

[Stewmoney]

betting is basically 50/50 anyway so wouldnt it just go back and forth between books?