what is the most you should keep in online sportsbook?

[Boddhissatva]

I apologize if this question has been asked before as I'm still an amateur when it comes to online betting.

And I know some sports books are more trust worthy than others.

But for grade A books, like 5dimes, what's the most you should leave in it before you make withdrawals or do you guys have your own set of rules?
Do you guys get concerned when you hit the five figure number or do you never let it hit that high?
All opinions and comments welcome.

[Undefeated77]

Only an amount that you can afford to lose. Nothing more an nothing less.

[James D]

Only an amount that you can afford to lose.

This is true.

Also saying five figures is very vague and covers a wide range. If you are a dime bettor and can use Pinny have 12-15k there is very reasonable. Having 90k would be foolish. Not because I think pinny is not solid, but why have 90 units on one offshore? There are many guys here who can tell you real horrible stories from just a month ago with the BI debacle. Your account on SBR is almost four years old, just read about BI or a few other offshore closings that caused real trauma in peoples lives.

[Boddhissatva]

Another newbie question.... what is or was BI?

[James D]

Another newbie question.... what is or was BI?

BI is Betislands sports book. They advertised here at SBR quite a bit and were rated fairly high, B+ I believe. They ended up going bankrupt with lots of money of regular SBR members. Some guys lost huge sums, Bubba for instance lost 49k. He attempted to withdraw but they kept delaying him because they had no funds. This all happened in the past six weeks. There are many many other examples of offshores going under, BI is just the most recent so as I said before just be careful.

This is a problem more for american customers due to our stupid govt. If you live elsewhere there are more safe reliable options

[lecubs28]

BI is Betislands sports book. They advertised here at SBR quite a bit and were rated fairly high, B+ I believe. They ended up going bankrupt with lots of money of regular SBR members. Some guys lost huge sums, Bubba for instance lost 49k. He attempted to withdraw but they kept delaying him because they had no funds. This all happened in the past six weeks. There are many many other examples of offshores going under, BI is just the most recent so as I said before just be careful.

This is a problem more for american customers due to our stupid govt. If you live elsewhere there are more safe reliable options

there is more to it than that, but this is good for a short summary. the more you search around the more you find dirt on a lot of peoples' hands. also beware of ez street sports and 7red sports, there is a lot of overlap between them and betislands

[Boddhissatva]

Holy shitt....49k!??! I live in the states...I use sports book.com. I know I know...terrible book considering the stories I've read here.
I've only made one withdrawal with them...

I'm small time ...only make wagers in the 50-100 amount...

I just can't imagine losing 49k. Jesus

[James D]

there is more to it than that, but this is good for a short summary. the more you search around the more you find dirt on a lot of peoples' hands. also beware of ez street sports and 7red sports, there is a lot of overlap between them and betislands

This is 100% true, there is lots more to it. I just gave a very short recap. The story is quite horrible and actually the reason I found SBR to begin with. I had a friend who lost about 1000, nothing like many guys here lost.

[James D]

Holy shitt....49k!??! I live in the states...I use sports book.com. I know I know...terrible book considering the stories I've read here.
I've only made one withdrawal with them...

I'm small time ...only make wagers in the 50-100 amount...

I just can't imagine losing 49k. Jesus

Yeah some guys were completely crushed by the BI debacle. its fukin horrible. I really hope that jon bastard gets his someday

[Boddhissatva]

Yeah some guys were completely crushed by the BI debacle. its fukin horrible. I really hope that jon bastard gets his someday

Ok....another newbie question... who is this Jon bastard?

And what book do you use?

[byronbb]

If you only make 50-100 bets you really only need 1k online.

[lecubs28]

Ok....another newbie question... who is this Jon bastard?

And what book do you use?

he used to post on this forum way a few years ago as sslp. he wanted to take a shot at being the head marketing guy for a sportsbook, formed some important connections, then he started posting at betislands jon. he ran the betislands sportsbook very poorly and irresponsibly, leading to its eventual demise and the theft of over 1.5 million dollars in player balances. he came here to say goodbye and didn't accept any blame just pointed fingers.

there is strong evidence that he's still working in the same building, just under a different sportsbook name. i don't think sbr has really commented on this, but it's common knowledge.

be careful out there, and be careful who you trust your money with!

[Sawyer]

Depends on the book. I can gladly keep 20k in Pinnacle without any worries. However, I would not keep above 5k in a square or potential scam book.

[James D]

Ok....another newbie question... who is this Jon bastard?

And what book do you use?

Bodd,

I use a couple locals in los angeles. I have known one of them for nine years. Big weekends like this one I go to vegas, I am leaving in an hour to bet the game and some props in vegas. Will catch the game at bellagio. I see the jon bastard question was answered by lecubs.


People say good things about legends and 5dimes. However if you are nut american pinnacle is the way to go without a doubt

[increasedodds]

It depends on your net worth, openess to risk, and how much you bet on a daily/weekly basis.

I'd be comfortable with:

100k at Greek or Pinny
50k at Cris
25k at 5dimes
25k at Heritage
25k at Legendz (useless as they limit you)
10k at Phoenix group
10k at Bodog
5-10k other places.

All that said, I have almost no money offshore (A little is stuck) now because Pinnacle, Cris, and other -105 locals will offer far more credit limits than the above. A legit Pinnacle credit account is worth its weight in gold.

[increasedodds]

If I was worth more, I'd feel fine with over one million in Pinnacle. I actually feel safer there than at some U.S. banks

[Sawyer]

Lol. U said u have almost zero $ at offshore and u say u can keep 100k at pinnacle? Very funny. Talking easy sure. Even if its pinny i didnt wanted to keep above 30. Also keeping above 30-40k is meaningless imo will u use it all in one day? Keep in bank or ewallet u can reload if u have to

[brettels]

Whatever you want

[John Dough]

It depends on your net worth, openess to risk, and how much you bet on a daily/weekly basis.

This is really the only legitimate answer and why no one can really answer the question for another person.

[increasedodds]

Sawyer you are right. I don't know what the hell I am talking about.

[sbrhedge]

It depends on your net worth, openess to risk, and how much you bet on a daily/weekly basis.

I'd be comfortable with:

100k at Greek or Pinny
50k at Cris
25k at 5dimes
25k at Heritage
25k at Legendz (useless as they limit you)
10k at Phoenix group
10k at Bodog
5-10k other places.

All that said, I have almost no money offshore (A little is stuck) now because Pinnacle, Cris, and other -105 locals will offer far more credit limits than the above. A legit Pinnacle credit account is worth its weight in gold.

what is the process for opening a legit credit account at Pinnacle?

[Scooter]

I'm small time ...only make wagers in the 50-100 amount...

Then why are you starting a thread asking if it's safe to have 5 figures in a book?

[sbrhedge]

what is the process for opening a legit credit account at Pinnacle?

someone please answer - thank you.

[creed]

If I was worth more, I'd feel fine with over one million in Pinnacle. I actually feel safer there than at some U.S. banks

You must be stupid or on drugs or a shill to make a comment like that.

[Sawyer]

You must be stupid or on drugs or a shill to make a comment like that.

Not really. Pinnacle is more safe then many banks. Seriously. Banks can block your account, state may told them to freeze your account. Pinny not.

[depnms]

Not really. Pinnacle is more safe then many banks. Seriously. Banks can block your account, state may told them to freeze your account. Pinny not.

Why are u so sure?

[Sawyer]

Why are u so sure?

My experiences..

I'm not forcing anyone to keep 100k or 1 million in Pinnacle. Risk is always yours. It's always up to you. I'm a long time Pinnacle user and I know/met many people using Pinnacle, never heard any account suspend/close problems. They're a very reliable book. On the other side, I witnessed some banks closing/blocking accounts of some people. One bank said he got suspicious money transfers and will investigate his bank movements. He was unable to withdraw his funds from bank for 2 months, go figure..

Still, I would not keep 1,000,000$ in Pinnacle, lol. It's unnecessary. Go buy Real estates.

[the_situation]

If you only make 50-100 bets you really only need 1k online.

You shouldn't be betting more than 2% of your bankroll. A $50 bettor should have a $2500 minimum bankroll and a $100 bettor should have a minimum $5000 bankroll.

[caveira]

10k at most for me.

[crysbreeze]

Only an amount that you can afford to lose. Nothing more an nothing less.

[Thunder Gulch]

It think it's more of a function of what you play normally. If i'm a $50 player, losing $5k would be devastating. If I'm a 2 dime player, losing $5k sucks, but it's not more than a bad day or two.

[IGORIO]

It depends on your net worth, openess to risk, and how much you bet on a daily/weekly basis.

I'd be comfortable with:

100k at Greek or Pinny
50k at Cris
25k at 5dimes
25k at Heritage
25k at Legendz (useless as they limit you)
10k at Phoenix group
10k at Bodog
5-10k other places.

All that said, I have almost no money offshore (A little is stuck) now because Pinnacle, Cris, and other -105 locals will offer far more credit limits than the above. A legit Pinnacle credit account is worth its weight in gold.

I CAN VOUCH FOR INCREASEODDS GREAT POST and very accurATE