Issue with withdrawal - second account

[doncastro]

Hi guys

After my Stan James account got shut down a friend agreed to set me up an account for me to bet. This has lasted and now I'm trying to make a withdrawal and have encountered problems.

When we set up the second account we verified his ID before placing a bet with with verification's department, enquired do you need to also verify the address and was told no so thought nothing more of it.

All in all i deposited approx 3k and now there is 3.5k in the account.

They have now asked me to verify the ID again, as well as an address document before processing a withdrawal. The issue is my friend and I since have had a big falling out so I can't ask him for ID again or address documents, so have no way of doing this.

If I be straight up and admit to operating a multiple account what are their standard obligations and procedures? I'm very much hoping they have to return the deposits I made at least and have no legal standing to keep all the money.

If anyone could plz advise

Thanks

Don

[horja1]

if there is no chance of getting the documents from your former friend you can tell them about your situation but I am pretty sure there is a big chance they will close the account - by the way, how will you receive the money if they decide to send back your deposits?

[doncastro]

For sure I expect them to close the account if I admitted that and I think it's my only option really. I deposited through moneybookers that is linked to my account so I'm safe to receive funds if I got them.

I'm wondering if they are able to flat out keep all my money though after admitting this and not being able to verify the account.

[Hareeba!]

Well, firstly I certainly wouldn't be telling Stan about it. You'll never see your money that way!

Pretty simple solution really.

I'd be finding some big dogs to back with the intention of losing it all at Stan's whilst picking it up at Betfair (or Betdaq, Matchbook) by laying them there.

Might cost you a little in juice but better than kissing it all goodbye.

[relaaxx]

if everyone books and customers played by the #@%^$$% rules we would all be better off. hope you get your deposits back but not so sure you deserve to get anything back.

[dirtdog52658]

Highly doubt you are able to solve this without getting the documents

[horja1]

Well, firstly I certainly wouldn't be telling Stan about it. You'll never see your money that way!

Pretty simple solution really.

I'd be finding some big dogs to back with the intention of losing it all at Stan's whilst picking it up at Betfair (or Betdaq, Matchbook) by laying them there.

Might cost you a little in juice but better than kissing it all goodbye.

maybe he should have bet on Serena to win today

[NunyaBidness]

Well, firstly I certainly wouldn't be telling Stan about it. You'll never see your money that way!

Pretty simple solution really.

I'd be finding some big dogs to back with the intention of losing it all at Stan's whilst picking it up at Betfair (or Betdaq, Matchbook) by laying them there.

Might cost you a little in juice but better than kissing it all goodbye.

Think for a minute, if you can guarantee you can move the money like this, you'd be better off just placing the other sides of this bet at betfair and racking up all these easy wins, and taking a risk to get the money out properly the other side.

But, you have a decent chance of losing your real money and adding on to your account where your funds in jeopardy. It's a terrible plan.

[Hareeba!]

Think for a minute, if you can guarantee you can move the money like this, you'd be better off just placing the other sides of this bet at betfair and racking up all these easy wins, and taking a risk to get the money out properly the other side.

But, you have a decent chance of losing your real money and adding on to your account where your funds in jeopardy. It's a terrible plan.

Sure, there's always the chance that you will land a longshot winner.
No real problem at all.
Ok, so you manage to land a longshot winner and increase your balance at Stan's.
I can guarantee that if you keep at it backing big dogs for as much as you can you WILL blow your bank before too long.

[doncastro]

to B - Sorry I can't reply as I don't have 40 posts to PM

I think I know where you're going with this. I still have the old driving license scan. It was originally accepted even though it was out of date by a month at the time but how they reckon it's not anymore, so that is a problem. I think if I had a 'valid' ID scan I could say to them I no longer live at that house so can't verify ID and they would have to accept that. You can reply by PM again if you have any thoughts on this. Thanks mate.

By the sounds of it from you guys, admitting the second account is not the way to go forward. I may have to go with Hareeba's plan, although I don't have much spare capital to deposit on Betfair so it would be a long, winding and unprofitable juice road to success, but may be my only option.

Thanks guys and if anyone else has any thoughts on this I would be happy to hear them

[pjesnik24]

Do NOT do what hareeba suggested. if you win 3-4 times on big dogs during the process you will lose all of the money on juice and still might end up with 10k or more with SJ.

[Hareeba!]

Seems to me that some posters offering advice here are pretty light on for real world punting experience?

[horja1]

I am pretty sure I saw a thread here a while ago about a guy who found himself having a huge amount of money stuck in a book because he bet on the wrong big favourite while trying to get his balance out of that book

[Hareeba!]

I am pretty sure I saw a thread here a while ago about a guy who found himself having a huge amount of money stuck in a book because he bet on the wrong big favourite while trying to get his balance out of that book

So he went all out rather than spreading some of his risk?

[jjgold]

These are classic

Gamblers is trying to circumvent the rules

Will not be a good ending

Like others have said here bet out at other books

[Hareeba!]

These are classic

Gamblers is trying to circumvent the rules

Will not be a good ending

Like others have said here bet out at other books

If it were me, I'd have full confidence in managing to get my Stan balance over to Betfair and/or other agencies without paying too much vig.

I've done stuff like that regularly to optimise free bets (not that I get too many of them those these days!)

[DrRuss]

Sure, there's always the chance that you will land a longshot winner.
No real problem at all.
Ok, so you manage to land a longshot winner and increase your balance at Stan's.
I can guarantee that if you keep at it backing big dogs for as much as you can you WILL blow your bank before too long.

And the point of this is?!? He doesn't want to blow his bank, he wants to cash it out. You can't really lay off risk when you can't get to the money...

Just go talk to your friend and cut him a slice. What are you working in, pounds, euros? I am sure that for 500 pounds your friend will set aside his feelings for a minute

[relaaxx]

unlike everyone else here i have no sympathy for you - you broke the rules you get what you deserve. this is the reason i have to jump through hoops to get my money. people like you. both book and customer should follow the rules. would be a lot better for everyone.

[DrRuss]

unlike everyone else here i have no sympathy for you - you broke the rules you get what you deserve. this is the reason i have to jump through hoops to get my money. people like you. both book and customer should follow the rules. would be a lot better for everyone.

I would agree with you if the sportsbooks were those mythical creatures that always follow the rules. But this forum is littered with examples of sportsbooks screwing customers willy-nilly, so what comes around goes around.

As far as we know, the guy did nothing wrong, just bet under someone else name.

[shaunovery]

People always try and buck the system by opening more than 1 account

[NunyaBidness]

Seems to me that some posters offering advice here are pretty light on for real world punting experience?

This is all I've done since 2002.

I've seen your posts before and thought you were a bright poster, but you're making yourself look silly here.

We can effectively consider the SJ money as monopoly money at this point. Or better yet, let's say that there's a 5% chance that he can get his ex-friend to help him withdrawal the money. We are risking money that is worth 100 cents on the dollar for money that is worth 5 cents on the dollar.

Sure, MOST of the time it will work out, but when it doesn't it's a tragic loss.

And furthermore, the better solution would be to ONLY play these magical lines you've found that will guarantee profit on the good book AND trying to convince his friend to cash out the money for him.

Any other solution is silliness.

[NunyaBidness]

I've done stuff like that regularly to optimise free bets (not that I get too many of them those these days!)

This is not the same situation as optimizing free bets however. As the funds are good in both places.

[Hareeba!]

This is all I've done since 2002.

I've seen your posts before and thought you were a bright poster, but you're making yourself look silly here.

We can effectively consider the SJ money as monopoly money at this point. Or better yet, let's say that there's a 5% chance that he can get his ex-friend to help him withdrawal the money. We are risking money that is worth 100 cents on the dollar for money that is worth 5 cents on the dollar.

Sure, MOST of the time it will work out, but when it doesn't it's a tragic loss.

And furthermore, the better solution would be to ONLY play these magical lines you've found that will guarantee profit on the good book AND trying to convince his friend to cash out the money for him.

Any other solution is silliness.

I've never claimed there is any such thing as a "magical line" which would guarantee a profit.

But I'm damned sure that by what could be seen as recklessly betting on longshots for significantly large slices of your bank would very soon see it wiped out. Sure there is a chance that one or maybe even two of those longshots will win but all that would do is make it take just a little longer and cost a bit more vig. The bank will still get wiped out if you persist in betting like that but covering those bets at say Betfair will see the funds effectively moved from SJ to Betfair.

That is effectively the same strategy I've been using successfully for many years to turn free bets into cash at Betfair and avoid having to roll them over x times with a high vig book.

[Hareeba!]

And the point of this is?!? He doesn't want to blow his bank, he wants to cash it out. You can't really lay off risk when you can't get to the money...

oh dear!
some people just can't get it!

[NunyaBidness]

That is effectively the same strategy I've been using successfully for many years to turn free bets into cash at Betfair and avoid having to roll them over x times with a high vig book.

You're missing the point. If you got money built up at the other book, you wouldn't be happy, but you'd deal with it.

If he loses the money to SJ, he has simply thrown the money away.

[relaaxx]

I would agree with you if the sportsbooks were those mythical creatures that always follow the rules. But this forum is littered with examples of sportsbooks screwing customers willy-nilly, so what comes around goes around.

As far as we know, the guy did nothing wrong, just bet under someone else name.

that is the point. sportbooks and people don't always follow the rules both who do it always have some lame excuse to justify what they do. it does not give anyone or any sportsbook the right to do it. and as far as we know the guy did nothing wrong , are you kidding, as far as we know he broke the rules and that is what's wrong and if the book finds out they will take his money. just betting under someone else name is breaking the rules.

hareeba ---- you have been making sense for many years. always enjoyed your posts. thanks

[Hareeba!]

You're missing the point. If you got money built up at the other book, you wouldn't be happy, but you'd deal with it.

If he loses the money to SJ, he has simply thrown the money away.

Who's "missing the point"?

Nothing's been thrown away. The strategy is simply a means of moving funds from SJ to Betfair for minimal cost in vig.
It works. I've done it numerous times.
You just need to have a decent amount of funds at Betfair to cover the bets but that seems to be an issue for the OP.

[wrongturn]

Hareeba, your post shocked me, are you the same Hareeba!?

Just imagine you have a pile of monopoly money, you are basically saying you can convert the pile to real money in Betfair.

[NunyaBidness]

Who's "missing the point"?

Still you.

Nothing's been thrown away. The strategy is simply a means of moving funds from SJ to Betfair for minimal cost in vig.
It works. I've done it numerous times.
You just need to have a decent amount of funds at Betfair to cover the bets but that seems to be an issue for the OP.

It HAS worked in the past, that doesn't make it a viable strategy.

Yes, a martingale works MOST of the time as well, and when it doesn't you're screwed.

I'm quite shocked that you don't understand this.

[NunyaBidness]

Take for example, let's pretend that Vladimir Putin owes us $1,000 in Gambling debts, but he will never pay us, because we're making it up on the spot.

If your theory was true, we could simply move this pretend debt, by betting the other side at betfair.

So, why stop there? Why not pretend Obama owes us $1,000,000 then we'll move that pretend debt over.

We can continue this process forever.

[Vaughany]

What happens if/inevitably stanjames limits him aswell? I got limited on there after making about 500. And in this case uve got a kid who they know is fuckin them around, id be surprised if they havent already limited him

[mmaed]

This is all I've done since 2002.

I've seen your posts before and thought you were a bright poster, but you're making yourself look silly here.

We can effectively consider the SJ money as monopoly money at this point. Or better yet, let's say that there's a 5% chance that he can get his ex-friend to help him withdrawal the money. We are risking money that is worth 100 cents on the dollar for money that is worth 5 cents on the dollar.

Sure, MOST of the time it will work out, but when it doesn't it's a tragic loss.

And furthermore, the better solution would be to ONLY play these magical lines you've found that will guarantee profit on the good book AND trying to convince his friend to cash out the money for him.

Any other solution is silliness.

How exactly do you move the balance from one account to the other by betting? I'd love to learn about what your saying if you would be so kind as to explain it.

[NunyaBidness]

How exactly do you move the balance from one account to the other by betting? I'd love to learn about what your saying if you would be so kind as to explain it.

I'm not suggesting that, he is. He's saying doing something like Bet the -2000 favorites at the book you want the money to come to, and bet the other side at the book you want the money to disappear from.

And since favorites win 100% of the time, what could go wrong?

[onemoregoal]

just give your ex "friend" £500....who doesnt like a free 500?

[potless]

just give your ex "friend" £500....who doesnt like a free 500?

someone who has 3.5k in their name ?

his 'friend' should just make 'his' account secure from clumsy gnomers and withdraw at his leisure