Lots of details to share, but don't want this to be an enormous post so I'll try to summarize:
I posted 10k in Aug., received 45% bonus, lost most of both so sent another 12k in Sept. Won 23k on the FP action with some 3 teamers. Shortly after they reduce my limit from 5k to $250.
Asked for payout, they say I will forfeit 29k for not meeting rollover. Total BS rollover requirement of 8X deposit AND any FP winnings. Logically ridiculous to charge rollover on FP winnings. Completely indefensible position. Gives book free shot at customer which is what they are taking at me. By their calc. my rollover for these 2 deposits is OVER 400k! How ridiculous is that? It makes sense to consider a customer's FP action is his own action until he meets rollover requirement for the deposit. If he doesn't then customer is taking a shot, so book says if you don't meet rollover, then you were wagering your own funds, so any withdrawal will deduct FP loss. By that same logic, if a customer is deemed wagering his own funds until rollover is met (when wagering his FP) then FP winnings belong to the customer.
Anyway the book lowers my limits by a factor of 20 and tells me I'm 300k short of rollover and they want to confiscate more than I won on FP! I have to make over 1000 wagers at $250 a pop to meet rollover now. If a book lowers your betting limits while you are trying to meet rollover than they have a free shot at the customer because they will confiscate his FP wager whether it wins or loses. Total BS.
I asked for help from SBR and I didn't get much. After a few weeks I've been told they would give me a dime on NBA and NFL but not budge on anything else. This has not happened as yet and it's clear SBR isn't interested in standing up for the player against any book that's paying to have it's banner across the screen. You've got to question whether this site is objective enough to trust placing money with highly rated books if those rating are for sale.
I've held my tongue about this for months hoping to get a fair resolution but that hasn't happened. I think this issue should have been on the newswire page but it's gotten no coverage. I've been swept under the rug. Time to lash out.
Has anyone else been screwed by this bogus "A-" book?
I posted 10k in Aug., received 45% bonus, lost most of both so sent another 12k in Sept. Won 23k on the FP action with some 3 teamers. Shortly after they reduce my limit from 5k to $250.
Asked for payout, they say I will forfeit 29k for not meeting rollover. Total BS rollover requirement of 8X deposit AND any FP winnings. Logically ridiculous to charge rollover on FP winnings. Completely indefensible position. Gives book free shot at customer which is what they are taking at me. By their calc. my rollover for these 2 deposits is OVER 400k! How ridiculous is that? It makes sense to consider a customer's FP action is his own action until he meets rollover requirement for the deposit. If he doesn't then customer is taking a shot, so book says if you don't meet rollover, then you were wagering your own funds, so any withdrawal will deduct FP loss. By that same logic, if a customer is deemed wagering his own funds until rollover is met (when wagering his FP) then FP winnings belong to the customer.
Anyway the book lowers my limits by a factor of 20 and tells me I'm 300k short of rollover and they want to confiscate more than I won on FP! I have to make over 1000 wagers at $250 a pop to meet rollover now. If a book lowers your betting limits while you are trying to meet rollover than they have a free shot at the customer because they will confiscate his FP wager whether it wins or loses. Total BS.
I asked for help from SBR and I didn't get much. After a few weeks I've been told they would give me a dime on NBA and NFL but not budge on anything else. This has not happened as yet and it's clear SBR isn't interested in standing up for the player against any book that's paying to have it's banner across the screen. You've got to question whether this site is objective enough to trust placing money with highly rated books if those rating are for sale.
I've held my tongue about this for months hoping to get a fair resolution but that hasn't happened. I think this issue should have been on the newswire page but it's gotten no coverage. I've been swept under the rug. Time to lash out.
Has anyone else been screwed by this bogus "A-" book?