Credit markets tight...How does CW survive?

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  • SlickFazzer
    SBR Posting Legend
    • 05-22-08
    • 20209

    #1
    Credit markets tight...How does CW survive?
    You need good credit to get a loan these days,

    yet CreditWagering will extend credit to anyone.

    If banks are going belly up.....what makes people
    think CW will survive?

    I don't see it...
  • pavyracer
    SBR Aristocracy
    • 04-12-07
    • 82868

    #2
    The Fed Bank will bail out all the stiffs.
    Comment
    • Tsoprano
      BARRELED IN @ SBR!
      • 04-14-08
      • 26374

      #3
      They will be around forever if Richkas keeps advertising for them.
      Comment
      • gm2022
        SBR MVP
        • 02-28-08
        • 4128

        #4
        Originally posted by SlickFazzer
        You need good credit to get a loan these days,

        yet CreditWagering will extend credit to anyone.

        If banks are going belly up.....what makes people
        think CW will survive?

        I don't see it...
        They only extend if you settle on your account 3 times! Or you post as well!
        Comment
        • SlickFazzer
          SBR Posting Legend
          • 05-22-08
          • 20209

          #5
          Originally posted by gm2022
          They only extend if you settle on your account 3 times! Or you post as well!
          Got it. Thought someone said they will set you up with a grand right out of the gate.
          Comment
          • compaqDikk
            SBR Hall of Famer
            • 10-08-05
            • 5699

            #6
            CW is not held accountable to public shareholders

            CW doesn't haven't to answer to the SEC

            CW is thousands of miles away from Feds and can't be touched

            RageWizards concurs
            Comment
            • gm2022
              SBR MVP
              • 02-28-08
              • 4128

              #7
              Originally posted by SlickFazzer
              Got it. Thought someone said they will set you up with a grand right out of the gate.
              No they do, do that. Once you set up an account with them you have to send in a picture ID to them before you can do anything.(which must match the info you put when you sign up, or you have to send an utility bill for prove of address) Im not sure how the casino work(never used it) But with a 1k credit line the most you can bet is 100 on a side/total 50 parlay. If you settle 3 times or post your credit line increases and your bet size per game as well! Its not the best book I have but they def do the job for baseball for myself as I dont bet more than 100 bucks a game! GL
              Comment
              • jjgold
                SBR Aristocracy
                • 07-20-05
                • 388179

                #8
                CW does not give lots of credit so they do not care if you stiff them as they suffer no loss.
                Comment
                • fiveteamer
                  SBR Posting Legend
                  • 04-14-08
                  • 10805

                  #9
                  Their credit is imaginary.

                  Regular stiffs do not hurt them.
                  Comment
                  • gm2022
                    SBR MVP
                    • 02-28-08
                    • 4128

                    #10
                    Originally posted by jjgold
                    CW does not give lots of credit so they do not care if you stiff them as they suffer no loss.
                    But the ? is can enough stiffs mess up the betting action on a line? Im not sure how many clients they have exactly but say you have x amount of people who have no intention off collecting/paying. Than can there bets persuade the way the action on a game will go?
                    Comment
                    • pavyracer
                      SBR Aristocracy
                      • 04-12-07
                      • 82868

                      #11
                      How do they write off stiff credit?
                      Comment
                      • compaqDikk
                        SBR Hall of Famer
                        • 10-08-05
                        • 5699

                        #12
                        Originally posted by pavyracer
                        How do they write off stiff credit?
                        if you own a pet, slap a gps on that bitch
                        Comment
                        • purecarnagge
                          SBR MVP
                          • 10-05-07
                          • 4843

                          #13
                          you pay them------ they win
                          you stiff them initially you don't cost them anything
                          you lose and pay them ----they win
                          you get paid, lose then stiff them --- they lose

                          Most stiffs will lose initially so it doesn't matter...
                          Comment
                          • Tsoprano
                            BARRELED IN @ SBR!
                            • 04-14-08
                            • 26374

                            #14
                            Originally posted by purecarnagge
                            you pay them------ they win
                            you stiff them initially you don't cost them anything
                            you lose and pay them ----they win
                            you get paid, lose then stiff them --- they lose

                            Most stiffs will lose initially so it doesn't matter...
                            Exactly.
                            Comment
                            • Tchocky
                              SBR MVP
                              • 02-14-06
                              • 2371

                              #15
                              They're probably in talks with the Federal Reserve to get a bridge loan.
                              Comment
                              • picantel
                                SBR MVP
                                • 09-17-05
                                • 4338

                                #16
                                Originally posted by compaqDikk
                                CW is not held accountable to public shareholders

                                CW doesn't haven't to answer to the SEC

                                CW is thousands of miles away from Feds and can't be touched

                                RageWizards concurs
                                You only got 2 of 3 correct.
                                Comment
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