1. 02-21-11 10:56 AM #1
    ChileCheese
    ChileCheese's Avatar Become A Pro!
    Join Date: 11-07-09
    Posts: 1,957
    Betpoints: 256

    Transaction Fees

    Just curious, why does SBR take 1% off the top of Transfers? It doesnt actually cost them anything for us to transfer. Seems kind of odd.
    Reply With Quote Reply With Quote
  2. 02-21-11 10:59 AM #2
    lemart5
    FOOTBALL TIME
    lemart5's Avatar Become A Pro!
    Join Date: 01-12-11
    Posts: 2,818
    Betpoints: 0

    It keeps money in there pocket.
    Reply With Quote Reply With Quote
  3. 02-21-11 11:01 AM #3
    sickler
    Facade 101
    sickler's Avatar Become A Pro!
    Join Date: 06-05-08
    Posts: 15,006
    Betpoints: 2983

    Quote Originally Posted by ChileCheese View Post
    Just curious, why does SBR take 1% off the top of Transfers? It doesnt actually cost them anything for us to transfer. Seems kind of odd.
    It's to discourage transfers (peer to peer betting). They want you to bet in the SBR sportsbook
    Reply With Quote Reply With Quote
  4. 02-21-11 11:11 AM #4
    SprayBoy
    SprayBoy's Avatar Become A Pro!
    Join Date: 11-18-10
    Posts: 390
    Betpoints: 48

    yeah it's just a way to keep the points flowing their way I would imagine
    Reply With Quote Reply With Quote
  5. 02-21-11 11:12 AM #5
    NrmlCurvSurfr
    NrmlCurvSurfr's Avatar Become A Pro!
    Join Date: 04-05-10
    Posts: 2,896
    Betpoints: 600

    Quote Originally Posted by sickler View Post

    It's to discourage transfers (peer to peer betting). They want you to bet in the SBR sportsbook
    Wouldn't that be equivalent to -101 (assuming the two bettors were playing at even money) ? Thats still better than the sbr book. Just saying.
    Reply With Quote Reply With Quote
  6. 02-21-11 11:17 AM #6
    sickler
    Facade 101
    sickler's Avatar Become A Pro!
    Join Date: 06-05-08
    Posts: 15,006
    Betpoints: 2983

    Quote Originally Posted by NrmlCurvSurfr View Post
    Wouldn't that be equivalent to -101 (assuming the two bettors were playing at even money) ? Thats still better than the sbr book. Just saying.
    The transaction fee applies to both the sender and receiver. If you give me 100 points, we each get nicked a point.

    It's more to discourage posters from running books on the forum. There used to be several, it ended with the introduction of the transaction fees. I see Thadeus giving it a go in the points forum, he appears to be the only one.
    Reply With Quote Reply With Quote
  7. 02-21-11 11:20 AM #7
    pavyracer
    MOLON LABE
    pavyracer's Avatar SBR PRO
    Join Date: 04-12-07
    Posts: 82,189
    Betpoints: 410

    Quote Originally Posted by NrmlCurvSurfr View Post
    Wouldn't that be equivalent to -101 (assuming the two bettors were playing at even money) ? Thats still better than the sbr book. Just saying.
    Well a transfer has to be made first between bookie and bettor and each is taxed 1% then if the play wins another 1% tax on both to transfer back the points. So it's actually a 4% tax on a bet. So if you offer -110 lines it costs you 4% so you lost almost half of your vig on the transfers.
    Reply With Quote Reply With Quote
  8. 02-21-11 11:21 AM #8
    NrmlCurvSurfr
    NrmlCurvSurfr's Avatar Become A Pro!
    Join Date: 04-05-10
    Posts: 2,896
    Betpoints: 600

    Quote Originally Posted by sickler View Post

    The transaction fee applies to both the sender and receiver. If you give me 100 points, we each get nicked a point.

    It's more to discourage posters from running books on the forum. There used to be several, it ended with the introduction of the transaction fees. I see Thadeus giving it a go in the points forum, he appears to be the only one.
    Oh I see. Thats not a bad Idea I suppose.

    Maybe SBR could give us a limited amount of free transfers and then anything over that would get taxed.
    Reply With Quote Reply With Quote
Top
« Previous Thread | Players Talk | Next Thread »