Heritage cashout fees....LOL.

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • boondoggle
    SBR MVP
    • 09-29-10
    • 3014

    #1
    Heritage cashout fees....LOL.
    I have an account there and was comparing it to my bitcoin book. Heritage live chat said 100-200 ** payout would have $40 fee. I closed the chat window but I am pretty sure the max was 70 fee for over 600-700 cashout.

    For serious gamblers, obviously this is not a problem. However, heritage is a rec book and if you win much then you are shown the door.

    Yeah,..you have to be a moron to play with an offshore book (as usa player). Bitcoin all the way, I can move 1k of bitcoins in today, make my bets and have them in my wallet by nights end. There is a downside to bitcoin---I do have to wait an hour to get my money
  • flyingillini
    SBR Aristocracy
    • 12-06-06
    • 41219

    #2
    I've been using BTC since they first came out. I mine for them on a daily basis as well. I am currently funded at 3 different BTC books and never once had any issues. I get my coin within 30 minutes using my wallet depositing or cashing out. I'm a huge btc trader , love it love it love it.
    המוסד‎
    המוסד למודיעין ולתפקידים מיוחדים‎
    Comment
    • John Dough
      SBR MVP
      • 09-21-05
      • 1785

      #3
      One free payout per 30 days.
      Comment
      • mtneer1212
        SBR MVP
        • 06-22-08
        • 4993

        #4
        Originally posted by boondoggle
        I have an account there and was comparing it to my bitcoin book. Heritage live chat said 100-200 ** payout would have $40 fee. I closed the chat window but I am pretty sure the max was 70 fee for over 600-700 cashout.

        For serious gamblers, obviously this is not a problem. However, heritage is a rec book and if you win much then you are shown the door.

        Yeah,..you have to be a moron to play with an offshore book (as usa player). Bitcoin all the way, I can move 1k of bitcoins in today, make my bets and have them in my wallet by nights end. There is a downside to bitcoin---I do have to wait an hour to get my money
        You get one free payout every 30 days. If you wouldn't ship your money back and forth so much, there are no fees. Smarten up.
        Comment
        • boondoggle
          SBR MVP
          • 09-29-10
          • 3014

          #5
          Originally posted by mtneer1212
          You get one free payout every 30 days. If you wouldn't ship your money back and forth so much, there are no fees. Smarten up.
          You misunderstood. I do not ship my money back and forth with a TRADITIONAL book. I do that with the bitcoin book because I CAN and WITH NO FEES.

          Live chat said nothing about free payout once a month.
          Comment
          • cloverfield
            SBR Wise Guy
            • 12-24-10
            • 862

            #6
            solution: don't use P2P unless you are broke and need the money within a day or two
            solution 2: use the free payout a month and dont use a sportsbook like a bank

            a P2P payout which is expensive at almost all books (when not getting a free payout).

            Bitcoin is cool..but it's by no way a standard.. if they close shop tomorrow you're completely screwed..Bitcoin has had a ton of fraud in their short lifespan..look it up on google..and not exactly user friendly at first.

            Heritage free payouts are listed right on their main page under funding at the bottom:

            Comment
            • boondoggle
              SBR MVP
              • 09-29-10
              • 3014

              #7
              Originally posted by cloverfield
              solution: don't use P2P unless you are broke and need the money within a day or two
              solution 2: use the free payout a month and dont use a sportsbook like a bank

              not sure of the check fee but I'm sure its a lot cheaper than getting a P2P payout which is expensive at almost all books (when not getting a free payout).

              Bitcoin is cool..but it's by no way a standard.. if they close shop tomorrow you're completely screwed..Bitcoin has had a ton of fraud in their short lifespan..look it up on google..and not exactly user friendly at first.
              You people must suffer from reading comprehension issues. I withdraw nightly from bitcoin because I can and it is automated. Thus if the book fails then the only amount I will ever lose would be one days wagering. You cannot do this with a traditional book thus you lose ENTIRE balance.

              Second, if you are not smart enough to learn how to use bitcoin, then you are not smart enough to beat the traditional books and should quit betting.
              Comment
              • John Dough
                SBR MVP
                • 09-21-05
                • 1785

                #8
                If you only want to use bitcoin, then perhaps you shouldn't have joined Heritage, just a thought.

                Short of that, perhaps you should learn about a book's rules (like the free payouts they offer) before joining.
                Comment
                • boondoggle
                  SBR MVP
                  • 09-29-10
                  • 3014

                  #9
                  Originally posted by John Dough
                  If you only want to use bitcoin, then perhaps you shouldn't have joined Heritage, just a thought.

                  Short of that, perhaps you should learn about a book's rules (like the free payouts they offer) before joining.
                  reading comprehension issues I see. Where did I say that I JUST joined heritage. Payout fees change all the time due to processors being changed, stopped and etc. Regardless, I was just stopping by heritage to check on the fee payout.

                  Short of that, perhaps you should learn to read better before posting
                  Comment
                  • cloverfield
                    SBR Wise Guy
                    • 12-24-10
                    • 862

                    #10
                    Originally posted by boondoggle
                    You people must suffer from reading comprehension issues. I withdraw nightly from bitcoin because I can and it is automated. Thus if the book fails then the only amount I will ever lose would be one days wagering. You cannot do this with a traditional book thus you lose ENTIRE balance.

                    Second, if you are not smart enough to learn how to use bitcoin, then you are not smart enough to beat the traditional books and should quit betting.
                    1. I wouldn't be caught dead using the shit books that take bitcoin
                    2. you are comparing the most expensive payout method to "free" bitcoin.. NO SHIT IT'S CHEAPER. Doesn't make bitcoin awesome.

                    Withdraw from a proven great book once a month for free is good enough for me.. if I choose to withdraw more frequently I pay the charge. I could easily use bitcoin if I wanted to...point is I don't. Each individual can make their own choice.

                    I'm simply saying Bitcoin IN GENERAL is not the end all be all. They have had plenty of scandal in their short life.
                    Comment
                    • John Dough
                      SBR MVP
                      • 09-21-05
                      • 1785

                      #11
                      Originally posted by boondoggle
                      reading comprehension issues I see. Where did I say that I JUST joined heritage. Payout fees change all the time due to processors being changed, stopped and etc. Regardless, I was just stopping by heritage to check on the fee payout.

                      Short of that, perhaps you should learn to read better before posting
                      Their fees have not changed in forever, nor has the one free payout per month offer.
                      Comment
                      • bubba
                        SBR MVP
                        • 09-29-05
                        • 2432

                        #12
                        Originally posted by boondoggle
                        I have an account there and was comparing it to my bitcoin book. Heritage live chat said 100-200 ** payout would have $40 fee. I closed the chat window but I am pretty sure the max was 70 fee for over 600-700 cashout.

                        For serious gamblers, obviously this is not a problem. However, heritage is a rec book and if you win much then you are shown the door.

                        Yeah,..you have to be a moron to play with an offshore book (as usa player). Bitcoin all the way, I can move 1k of bitcoins in today, make my bets and have them in my wallet by nights end. There is a downside to bitcoin---I do have to wait an hour to get my money
                        what is bitcoin? and can it be used with any US books?
                        Comment
                        • boondoggle
                          SBR MVP
                          • 09-29-10
                          • 3014

                          #13
                          Originally posted by bubba
                          what is bitcoin? and can it be used with any US books?
                          bitcoin is a digital currency that provides for very anonymous transactions. Currently there are exchanges where you can buy bitcoins and then send them to a book via the bitcoin system and gamble without any fees--except what the vig the bitcoin books charge. There is one bitcoin exchange which has no vig but 1% fee. You can withdraw/deposit at will and there are no fees. Say you bet $5000 worth bitcoins on a game tomorrow. After bet graded, you can change your bitcoin address to your mtgox address and initiate withdrawal. There you can sell the bitcoins for cash and have it wired to your bank via mtgox.

                          Bitcoins are not reversible and once you have them--they are yours. Currently one bitcoin is worth about $13.30.

                          Now the only drawback is that currently the books do not have as many lines as 5dimes.

                          No fee payouts, no hassles, no where is my money...you control it all. Why would you do anything else.

                          The current books that I recommend are

                          btcsportsbet - like a regular book
                          btcsportsmatch - bitcoin exchange book
                          anonibet - like a regular book (has more lines and different types)

                          Bitcoin has been around for 3+ years and is going very strong.
                          Comment
                          • Keith Richard
                            SBR MVP
                            • 07-06-06
                            • 1576

                            #14
                            Was trying to check out those books you listed. They all seem like a joke. I will pass.
                            Comment
                            • boondoggle
                              SBR MVP
                              • 09-29-10
                              • 3014

                              #15
                              Originally posted by Keith Richard
                              Was trying to check out those books you listed. They all seem like a joke. I will pass.
                              A joke? Was it funny because of the ease and simplicity of depositing and withdrawing? Was it funny because you log in and send money without needing to speak to a costa rican wage slave. Was it funny because you control all of your money without having to rely upon the whims of the sportsbook? Was it funny because you send $1000 without leaving your computer and having to wade through the 7-11 and ask the indian checkout dude who barely speaks english that you wish to send money to some cat name Olivio mudpiekatz in the philippines?

                              I totally understand your humor.
                              Comment
                              • Keith Richard
                                SBR MVP
                                • 07-06-06
                                • 1576

                                #16
                                You know absolutely nothing about who you are dealing with. I don't even see any contact numbers. At least the books I deal with I have a history of depositing and withdrawing over many years. I actually speak to a live person.
                                Comment
                                • waldroprob
                                  SBR Rookie
                                  • 12-18-12
                                  • 42

                                  #17
                                  I've had good support from email support on btcsportsbet/btcsportsmatch. You may not know who they are, but they have been in business a couple years with no problems and have a very good reputation in the bitcoin community.

                                  Everyone here knew who they were dealing with with BetIslands - and they still got fcked. With bitcoin, at least I'm not sending scans of my DL and CC that may end up on the internet. I'm anonymous, so are the book operators. Given that you can withdraw your whole balance every day for free from bitcoin books, there is not a ton of risk - can keep only what you need for that day's wagers on deposit.

                                  Anyway, for those of you technically inclined, it's definitely worth looking into.
                                  Comment
                                  • tb1984
                                    SBR MVP
                                    • 09-11-08
                                    • 3112

                                    #18
                                    Originally posted by boondoggle
                                    A joke? Was it funny because of the ease and simplicity of depositing and withdrawing? Was it funny because you log in and send money without needing to speak to a costa rican wage slave. Was it funny because you control all of your money without having to rely upon the whims of the sportsbook? Was it funny because you send $1000 without leaving your computer and having to wade through the 7-11 and ask the indian checkout dude who barely speaks english that you wish to send money to some cat name Olivio mudpiekatz in the philippines?

                                    I totally understand your humor.
                                    Life is too short, no need to take everything on a forum too seriously. Take it easy and life is better.
                                    Comment
                                    • Hankwins
                                      SBR MVP
                                      • 09-17-10
                                      • 2232

                                      #19
                                      become a reckless blackjack player and you'll never give a crap about cashout fee's again.
                                      Comment
                                      • cloverfield
                                        SBR Wise Guy
                                        • 12-24-10
                                        • 862

                                        #20
                                        Originally posted by Keith Richard
                                        Was trying to check out those books you listed. They all seem like a joke. I will pass.
                                        exactly my point. don't even bother with this clown
                                        Im just trying to point something out and he gets defensive and is jumping all over me.

                                        google bitcoin scandal and bitcoin fraud.

                                        It's not a bad concept but until it's protected and further along it's definitely not for the mainstream. There is a fee to cashout your bitcoins as you have to go through an "exchange".

                                        If someone knows you have a large amount of bitcoins in your "wallet" and it gets hacked you're absolutely screwed. not like an insured bank where you have protection.

                                        problem for me are the crap books you have to deal with who use bitcoin. I'll take my free payout once a month no problem...and if my balance climbs too high pay a fee once in a while with a trusted book.
                                        Comment
                                        • boondoggle
                                          SBR MVP
                                          • 09-29-10
                                          • 3014

                                          #21
                                          Originally posted by cloverfield
                                          exactly my point. don't even bother with this clown
                                          Im just trying to point something out and he gets defensive and is jumping all over me.
                                          1. I am not a clown although I am quite funny..lol.

                                          2. No on needs a defense from your arguments. I am trying to inform people that there are options where you control everything involving your money.

                                          google bitcoin scandal and bitcoin fraud.
                                          1. yes, there is only scandal and fraud with bitcoins. The rest of the world is pure and peaceful and no fraud.


                                          It's not a bad concept but until it's protected and further along it's definitely not for the mainstream. There is a fee to cashout your bitcoins as you have to go through an "exchange".
                                          1. IT WILL NEVER BE PROTECTED because it IS FREE. Now think about that for a minute. No one controls bitcoins thus the reason I can send $10,000 to a bitcoin book and the government can not stop it. Now by the same token, if you are stupid and screw up then there is no recourse. Therefore, I state my argument again that if you are not smart enough to utilize bitcoins then you are not a winning gambler.

                                          2. go to mtgox and look at the fees involved. The fees that you mention are 0.6 % for first x number of bitcoins and then it drops down to 0.55 %. That is $6 per $1000 moved in/out of exchange. How many rec bettors pay $40-$60 in p2p fees everyday.

                                          If someone knows you have a large amount of bitcoins in your "wallet" and it gets hacked you're absolutely screwed. not like an insured bank where you have protection.
                                          1. Yes, let me tell my neighbor kid that I have 20,000 bitcoins so he can start trying to penetrate my wireless zip zap utlra secure protection system--that was only $39.95.

                                          problem for me are the crap books you have to deal with who use bitcoin.
                                          1. I do not think your valuation of the bitcoin books as being "crap" is insightful at all. Your rudimentary logic appears flawed in many instances. I base this on your statements and yet, the three bitcoin books I mentioned have always paid out.


                                          I'll take my free payout once a month no problem...and if my balance climbs too high pay a fee once in a while with a trusted book.
                                          Yes, and how did that algorithm work out for the betisland players??
                                          Last edited by boondoggle; 01-02-13, 07:26 PM.
                                          Comment
                                          • pattymayo
                                            SBR Posting Legend
                                            • 05-19-09
                                            • 10221

                                            #22
                                            how do you get bitcoins? I see you download the software here: http://bitcoin.org/

                                            then what?
                                            Comment
                                            • boondoggle
                                              SBR MVP
                                              • 09-29-10
                                              • 3014

                                              #23
                                              Originally posted by pattymayo
                                              how do you get bitcoins? I see you download the software here: http://bitcoin.org/

                                              then what?
                                              The software is your "wallet". Once you have a wallet, you use it to receive bitcoins and send bitcoins. Bitcoins are sent anonymously to addresses. The addresses are random characters generated from the bitcoin software that is tied to each wallet. Thus you and I will never have the same address. Therefore, you send and receive bitcoins by sending and receiving digital data to different addresses.

                                              For example, I open an anonymous account at a bitcoin book. There will be two addresses for each account and you can change your out going (cash out address as often as you like). The first address will be provided by the book and that is the deposit address. It will look like this "daf00020sdfsfll23rladDSSSa0s0d99223 23" (without quotes). This address provided by the bitcoin book is where you send coins from a wallet you control. In the bitcoin software there is option to send coins.

                                              The book also will require a payout bitcoin address. The payout address will be provided by you that you auto generate from your bitcoin wallet. You copy the bitcoin address from the bitcoin software and put it in your account with the bitcoin book and now you can receive payouts.

                                              To get coins, you need to access an exchange like mtgox where you setup an account and you can then buy bitcoins. Once you have bought coins from mtgox then you can transfer the coins to your wallet on your computer by withdrawing to a bitcoin address that you supply from your wallet.
                                              Comment
                                              • terpkeg
                                                SBR MVP
                                                • 10-26-09
                                                • 2364

                                                #24
                                                Bitcoin value seems volitile. Something else to consider.
                                                Comment
                                                • pattymayo
                                                  SBR Posting Legend
                                                  • 05-19-09
                                                  • 10221

                                                  #25
                                                  You have the provide bank account info to purchase bitcoins? How much do they cost?
                                                  Comment
                                                  • Piscataquis
                                                    SBR Rookie
                                                    • 06-20-12
                                                    • 32

                                                    #26
                                                    Originally posted by terpkeg
                                                    Bitcoin value seems volitile. Something else to consider.
                                                    The volatility of Bitcoins just adds another dimension to gambling with them. Not only will you be able to win with your skill at wagering, but also with choosing when to buy Bitcoins and when to convert them back into your nation's currency. Until yesterday I had never even heard of Bitcoins, but I find the idea fascinating!
                                                    Comment
                                                    • Darkside Magick
                                                      SBR Posting Legend
                                                      • 05-28-10
                                                      • 12638

                                                      #27
                                                      Bitcoin is now and the future....offshore is dead!!!!!
                                                      Comment
                                                      • evo34
                                                        SBR MVP
                                                        • 11-09-08
                                                        • 1032

                                                        #28
                                                        Originally posted by waldroprob
                                                        they have been in business a couple years with no problems and have a very good reputation in the bitcoin community.
                                                        So did Mark Del and Jon... A couple years does not a reputation make. I'm not going to waste time arguing here, but if people don't understand why they will eventually get screwed using a fake currency like bitcoin, they deserve to lose it all.
                                                        Comment
                                                        • Killer_Demo
                                                          SBR Hall of Famer
                                                          • 06-15-08
                                                          • 8409

                                                          #29
                                                          i heard of bitcoins on SR (not that i use it)
                                                          Comment
                                                          • Darkside Magick
                                                            SBR Posting Legend
                                                            • 05-28-10
                                                            • 12638

                                                            #30
                                                            I actually talked to a couple of U.S. facing sportsbooks and pokersite operators about bitcoin and they did acknowledge that they were seriously considering offering the currency as a form of payment but were concerned about the fluctuations in price.

                                                            "Payment issues are definitely becoming more of a concern and we're always looking for new ways to get money in and out but bitcoin is a bit scary since we don't really understand it and the price goes up and doomwn like a yo-yo," one operator said to me. "If we had a way to hedge the bitcoins like any currency it would be a more viable option. At the same time it. could be a last resort for survival."

                                                            That said traditional offshore sites catering to Americans may become a dodo anyways if bitcoin usage becomes more prevalent. And RC believes some offshore operators may decide it's just easier to become a bitcoin only operations

                                                            Osga.com
                                                            Comment
                                                            • boondoggle
                                                              SBR MVP
                                                              • 09-29-10
                                                              • 3014

                                                              #31
                                                              Silk Road is making millions using bitcoins and its anonymity to facilitate drug sales all over the world. The argument that sportsbooks and bitcoin are not a good marriage is moot.
                                                              Comment
                                                              SBR Contests
                                                              Collapse
                                                              Top-Rated US Sportsbooks
                                                              Collapse
                                                              Working...