I think Bodog should be downgraded from A+ to F-

[durito]

this is not good

http://www.forbes.com/business/2008/07/30/calvin-ayre-bodog-biz-beltway-cx_jn_wb_0730ayre.html

[durito]

Durito is from Colombia so thats why he got paid fast. You don't want to piss off a Colombian they'll kill you. I'm sure he gets paid in Pesos.

I am not from Colombia. Please stop perpetuating stereotypes about Colombia. I conduct my gambling transactions in US dollars and occasionally Euros.

[Scratch]

definitely not good news about Bodog or online gambling industry. this will have a bigger impact than anything to date.

[daggerkobe]

I guess I can now offcially kiss my $3000 goodbye.

Pieces of shit republicans got their wish..... now I will be driving to Vegas spending hundreds on gas and hours of driving.

[Bill Dozer]

daggerkobe,
Alot of the players who complained were paid but not all are updating us. If you can shoot me another email withyour account ID I will call to see what the payout status is.

[donjuan]

Bill,

Does the news in the link Durito posted affect SBR's rating of Bodog at all?

[Bill Dozer]

donjuan,
It's not really news and Bodog has stated that the confiscated amount were not correct and have paid folks who were affected by previous issues. But, yes, the news will prompt more withdrawal requests and make it harder for them to get more processing. It's a bad combination for folks hoping to get their funds inside 40 business days. Bodog was downgraded to B- today and of course we will monitor the situation and payout timeframes.

[rm18]

I'll request Moneygram tomorrow and see how long that takes

[daggerkobe]

Bill,

any news on my payout?

[Cloak & Dagger]

wow

all the sudden this thread reminds me of lazerwager

[durito]

except that lazerwager was in the industry for five minutes and paid 12 people and at it's biggest was probably worth $25,000 vs. 10 years and millions of people and billions of $ of bets

[LVHerbie]

I'll request Moneygram tomorrow and see how long that takes

I put in a moneygram withdraw on Monday and got it last night.. might take a little longer now depending how backed up they got if people started panicking over the news story...

[purecarnagge]

why wait to be stiffed, why take the risk...

Bodog is where they should have been rated before... They should be a C- with all of there issues as of late, but they are an old book and people give them credit for that.

[Bill Dozer]

Bill,

any news on my payout?

dagger,

We have a conference call with mgt. in the AM and will find out about your payment as well as general wait times. Hang in there.

[daggerkobe]

Thanks Bill.

[frostno98]

Durito is from Colombia so thats why he got paid fast. You don't want to piss off a Colombian they'll kill you. I'm sure he gets paid in Pesos.

Yeah, Bogota Colombia has the highest murder rate in the world, a little over 2,000 for a civilize society. So, I'm pretty sure he knows people who can kill for less.

[Kingctb27]

Alright guys so I am new at bodog and in the betting world to be honest, and I only have a little over 200 on the site right now... What is the best way to get the cash off of their???

[Kingctb27]

Another note, I am from US as well...

[WileOut]

this is not good

http://www.forbes.com/business/2008/..._0730ayre.html

"Criminal cases have been started against various online gambling shops."

I sure wish I knew who these shops are

[Spanks]

I asked for a moneygram payout yesterday and it has been approved and the funds are already taken out from my account(about 1000.00)...so far no problems...

[dwaechte]

It almost seems like a special SBR rating or warning could be issued in this case. Obviously SBR believes the funds are safe so downgrading too far may be a bit harsh, but at the same time I'm sure you'd like to warn people to stay away from depositing at the moment.

[Kingctb27]

I asked for a moneygram payout yesterday and it has been approved and the funds are already taken out from my account(about 1000.00)...so far no problems...

Sweet, so you just called them up and they will send you a check via snail mail... Then you take it to moneygram to cash out, huh? Sorry, I'm a noob.

[ShamsWoof10]

SBR won't do it but in my mind they are.

Going into the 3rd month and they still won't pay me. They have apparently cut off all communication also and won't respond to my emails.

They are no better than a scam book in my mind and I will never send another dime to them ever again.

I can deal with their bad lines, slow lines and no lines but when they won't pay I say enough is enough.

Are you trying to tell me you're not sleeping good at night ? Maybe they just don't like you and it's not happening to anyone else because Justin says:

you will sleep much better at night.

My definition of an A-rated book:
1. Financially sound
2. If things go badly, they'll do reverse back-flips to make sure you get paid in a reasonable manner.
Everything else is gravy. Nothing matters without these two.

3 months+ must be reasonable to Justin...

I think Justin needs more gravy...

[Spanks]

Sweet, so you just called them up and they will send you a check via snail mail... Then you take it to moneygram to cash out, huh? Sorry, I'm a noob.

no...you ask for a moneygram...funds are taken out from your account...day or two later you get to pick it up at any moneygram retailer...

[genyes]

I requested a withdrawal from Bodog today. I was told to expect the check by courier in about 40 days. (No charge for the courier.) Also, I was told that it would take so long because of the "problems they have been having with processing checks". I see it as a positive that they admit to having problems.

In general, Bodog's lines offer little value. However, every once in a while you can get a very good price. Since I have only bet into their lines very occasionally this looks like a good time to bail. I waited too long to bail from Cascade.

[THE HITMAN]

I never did understand the a+

[durito]

I never did understand the a+

they haven't been a+ for over a year

not that they ever deserved it

[payupsucker]

I requested a withdrawal from Bodog today. I was told to expect the check by courier in about 40 days. (No charge for the courier.) Also, I was told that it would take so long because of the "problems they have been having with processing checks". I see it as a positive that they admit to having problems.

In general, Bodog's lines offer little value. However, every once in a while you can get a very good price. Since I have only bet into their lines very occasionally this looks like a good time to bail. I waited too long to bail from Cascade.

I've been waiting 40 "business days" weekends do not count by Bodogs math. I still don't have a check so that ain't good. But who knows you may get lucky and get yours by halloween.

[ShamsWoof10]

I never did understand the a+

If I stick $2500 in your pocket every month would you understand it then..?

[golfguy112233]

business days never did include weekends

[purecarnagge]

so 40 days is roughly two months. I'd ask for it Moneygram or ** or bankwired.

40 day payouts and there a B- book. Good history or not, Football season stats this weekend (HoF game) NCAAF not far behind...they will take the money but not give it back...I don't care about them being investigated, they are taking your money same day and making you wait 2 months for payout...Betus pays faster than this...someone tell me how this is making sense.

B- ....how is that a B- rating?

[Bill Dozer]

Bodog has listed 40 business days on the website for a while now. They realize their best case scenario is not good but it is worse if they dont at least list this on the site.

It looks like their processor is able to accept funds and people are being paid inside of the 40 days. If the situation does not improve they will be downgraded further.

It is a tough situation to describe with just a letter grade. Bodog is not going to cheat like a Sportsbook.com or fail to pay folks but at the same time....time is money. Hopefully the links on SBR to these threads help players understand the issues.

Dagger,
Should have info on your payout tomorrow.

[purecarnagge]

Still 40 day payouts...thats insane... I bet you 80% of those making withdrawals didn't see that 40 day payouts when they deposited.

They should be offering book to book transfers.

[SBR_John]

It almost seems like a special SBR rating or warning could be issued in this case. Obviously SBR believes the funds are safe so downgrading too far may be a bit harsh, but at the same time I'm sure you'd like to warn people to stay away from depositing at the moment.

Thats a good post.

Its tough when things are fluid. I sure hope the current B- is accurate and can hold. Also, I truly think players shouldnt play in books that are rated lower than B+. There are a couple of dozen books rated B+ or higher. There has only been one A- book to fail and no A or A+ books have. Ever. Play the odds and stay with the strong books.

[payupsucker]

Still 40 day payouts...thats insane... I bet you 80% of those making withdrawals didn't see that 40 day payouts when they deposited.

They should be offering book to book transfers.

When I requested a payout back around June 9th their withdrawal page had 20 business days for courier payout. I waited over 20 business days and then contacted them about my payout. Customer service sent me an email saying it was now an average of 40 business days before payouts would be sent.
So somewhere between June and July they changed their payout time for checks from 20 to 40 business days. If you deposited with debit card you can only request payout thru check.
You are right alot of customers were unaware that their payout timeframe was going to be changed from 20 to 40 business days after the withdrawal request was made.
I guess Bodog considers fridays to be part of a long weekend so they do not count it as a business day.