Is it time for US customers to get out of offshore books altogether?

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  • jasong89
    SBR Rookie
    • 03-21-09
    • 10

    #1
    Is it time for US customers to get out of offshore books altogether?
    I don't post here much, but have visited the site for years. It seems to me after losing online poker, personally being shuffled from The Greek to Heritage and from Legends to some rob site called wager web who has a jaded history at best, it seems like it might be time to get out of offshore altogether if you live in the US. It looks like no site is safe anymore. Thoughts??
  • andywend
    SBR MVP
    • 05-20-07
    • 4805

    #2
    I have sizeable balances at the top 2 books that still cater to U.S. players (Heritage and Bookmaker) and its hard to disagree with you. Why isn't Legends offering their customers full withdrawals of their balances? Isn't it fair to assume that Legends did NOT separate player balances from company expenses and was NOT able to pay its players? They were rated A+ by SBR and it sure seems they weren't A+ in the most important area of all - Company finances.
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    • jasong89
      SBR Rookie
      • 03-21-09
      • 10

      #3
      Sad part is I made a 500 deposit a few days before all this went down at Legends. Had turned it into a small profit of about 300 and would have withdrawn if given the chance. The 10x or even 5x roll sucked big time for me because I never take bonuses. Lost my balance trying to meet the WW roll...
      Comment
      • combination lock
        SBR High Roller
        • 01-08-13
        • 193

        #4
        The climate is horrible. Eveyone will inevitably be disappointed/ screwed by offshore oneday. Its all a matter of when for each individual
        Comment
        • jasong89
          SBR Rookie
          • 03-21-09
          • 10

          #5
          Agreed. That 500 was the last they'll ever get from me. I did it mostly for fun anyway but will be resigned to only play the sportsbook the 3-4 times we head to Vegas each year from now on. Any deposit offshore is a big risk in my opinion. Plus it's not fun if you're worried about the money you have over there basically being stolen (pardon me, shuffled off to another shadier book with a 5x roll when you had no roll before). I will also definitely NOT be looking at SBR as a point of reference ever again and anyone that does is taking a big risk. The site is just an advertising shill and has been for a long time, saying just enough here and there to give the appearance they care about their loyal readers/site visitors. As W once said - Screw me once shame on me......they're not going to screw me again!
          Last edited by jasong89; 04-24-13, 06:47 AM.
          Comment
          • The Kraken
            BARRELED IN @ SBR!
            • 12-25-11
            • 28918

            #6
            Personally I think it is. I said this after the full tilt fiasco. But believe it even more so now that Las Vegas is trying to come onto the scene of online betting and to be able to take bets from all US residents. The best thing for players is healthy competition. Unfortunately that's not what's best for books, or Vegas to be specific. They don't want to compete with some third world shit book paying its employees 5 rupees per day.

            It's only going to get worse and I know for fact there's going to be more fallout from this latest round of indictments. I dropped a vague warning about this back in February when I heard from the horses mouth what was going on, I just didn't know exact dates or which book. They never got that specific. But legends isn't the only book, I know this as fact. I just don't know who's next.
            Comment
            • stevex
              SBR Hall of Famer
              • 05-02-10
              • 5122

              #7
              Business as usual for me.
              Comment
              • v1y
                SBR MVP
                • 05-02-11
                • 1138

                #8
                Originally posted by andywend
                I have sizeable balances at the top 2 books that still cater to U.S. players (Heritage and Bookmaker) and its hard to disagree with you. Why isn't Legends offering their customers full withdrawals of their balances? Isn't it fair to assume that Legends did NOT separate player balances from company expenses and was NOT able to pay its players? They were rated A+ by SBR and it sure seems they weren't A+ in the most important area of all - Company finances.
                No bank in the world has enough money in their reserves to pay off all their customers. Why would you expect it of a sportsbook?
                Comment
                • The Kraken
                  BARRELED IN @ SBR!
                  • 12-25-11
                  • 28918

                  #9
                  FDIC ensures 90% of bank balances. Does that apply to offshore sports books as well?
                  Comment
                  • mighty maron
                    SBR MVP
                    • 04-20-09
                    • 4215

                    #10
                    It is beyond time to....only use funds that you would for entertainment...
                    Comment
                    • JoeyBagels
                      SBR Wise Guy
                      • 03-10-13
                      • 784

                      #11
                      It depends. If you're a recreational player keep a small balance that you don't mind losing (but still gives you action) or go with a local. If you're a advantage gambler the answer is NEVER. You factor the risk of insolvency into playing and proceed accordingly.
                      Comment
                      • Majman
                        SBR High Roller
                        • 05-27-10
                        • 149

                        #12
                        Originally posted by jasong89
                        Agreed. That 500 was the last they'll ever get from me. I did it mostly for fun anyway but will be resigned to only play the sportsbook the 3-4 times we head to Vegas each year from now on. Any deposit offshore is a big risk in my opinion. Plus it's not fun if you're worried about the money you have over there basically being stolen (pardon me, shuffled off to another shadier book with a 5x roll when you had no roll before). I will also definitely NOT be looking at SBR as a point of reference ever again and anyone that does is taking a big risk. The site is just an advertising shill and has been for a long time, saying just enough here and there to give the appearance they care about their loyal readers/site visitors. As W once said - Screw me once shame on me......they're not going to screw me again!
                        Agree with the shill part 100%. SBR's motivation is to try and make posters think that they are on our side when in actuality, we are pawns that they manipulate to make more money from their advertisers. I have been treated very poorly by SBR in the past when bringing legitimate topics to the table regarding one of their golden goose advertisers. The mods speak down on me and are quite rude too.
                        Comment
                        • unluckysob
                          SBR MVP
                          • 05-21-08
                          • 1527

                          #13
                          vegas books will never take online wagers throughout US.---certainly not in my lifetime---i`m 50
                          Comment
                          • the_orangekat
                            SBR MVP
                            • 12-08-07
                            • 1267

                            #14
                            Moving to Reno next year, anyways I think when I retire.
                            Comment
                            • KC
                              SBR MVP
                              • 04-12-07
                              • 1613

                              #15
                              I still feel ok to leave a few k at heritage and 5D
                              Comment
                              • TheMoneyShot
                                BARRELED IN @ SBR!
                                • 02-14-07
                                • 28672

                                #16
                                Do your own research. Who are the top guns in the offshore who doesn't have ties to the US? If they don't have any ties... ex family, property, assets, bank accounts in US Territory... the US can't do anything about it. Does Tony (5D) have any ties to the US? He claims he doesn't. Anyone want to confirm?
                                Comment
                                • John Dough
                                  SBR MVP
                                  • 09-21-05
                                  • 1785

                                  #17
                                  Originally posted by TheMoneyShot
                                  Anyone want to confirm?
                                  How exactly would someone be able to confirm this?
                                  Comment
                                  • onacloud
                                    SBR Hall of Famer
                                    • 10-14-10
                                    • 5360

                                    #18
                                    Originally posted by John Dough
                                    How exactly would someone be able to confirm this?
                                    Wouldn't be that hard given a real name
                                    Comment
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