Book Transfer Rollover Question

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  • Trident
    SBR MVP
    • 02-07-09
    • 2362

    #1
    Book Transfer Rollover Question
    I recently did a book transfer from Wagerstreet to The Greek and found out I have to roll it over four times till I can withdraw any money,I had rolled it just a bit over three times when I was informed of this rule.

    I haven't done many transfers before but this seems a bit much especially when these two books are in the same family and have the same owner.

    Is this the norm for a book to book transfer ?
  • HedgeHog
    SBR Posting Legend
    • 09-11-07
    • 10128

    #2
    Book Transfers typically require just a one time roll. The 4x roll with the Greek's family of Books is greedy. They should tell you up front about the extensive rollover, but don't. I found this out the hard way with a Wager Street to Bet Jam transfer. That money is still tied up.
    Comment
    • BouncedCheck
      SBR Sharp
      • 02-21-09
      • 283

      #3
      I agree it's greedy, as it's usually easier for a book to take a deposit from another off-shore book than it is to receive money from the U.S., especially when the two books are in the same family. But they disclose it clearly on BetJam. The policy isn't hidden, so it's hard to have a problem with it. Not sure about The Greek because I haven't read their TOS.
      Comment
      • losturmarbles
        SBR MVP
        • 07-01-08
        • 4604

        #4
        its not greedy, its to prevent people from abusing b2b transfers and trying to use the greek as a neteller substitute.

        its better than having outrageous withdrawal fees or charging for the transfers like bookmaker.

        why transfer to a sportsbook if youre not going to be placing bets there?
        Comment
        • topgame85
          SBR Posting Legend
          • 03-30-08
          • 12325

          #5
          4x is not bad
          Comment
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