Why are more books moving away from Interbook transfers?

[Igetp2s]

After the UIGEA was passed, I (and I'm sure many other people) thought that there would be a general trend by books to encourage interbook transfers as a partial solution to banking problems. However, that never really materialized, and recently there's been an either an increase in fees, or some places stop doing them altogether.

I just don't understand what the hell books are doing. Interbook transfers are by far the easiest and cheapest way both for books and for clients to move money around. Its much easier for a book to settle up with another book once in a while, than to constantly have to deposit and send out checks. Most books act like they'd rather pick up massive amounts of ** and Moneygram fees than cut most transaction costs and deal with another book.

And I don't think it's a trust issue, as even books within the same family charge for transferring to a sister book, like DSI to Bookmaker, or WSEX to Matchbook.

I just don't get why books would rather have massive transaction fees than transferring amongst themselves not so frequently. If I was running a book, this would be the method I most recommend to my customers.

[playz]

what other books are goin away from it other than thegreek. I think it is strange too. However thegreek is easier to cash out with then other places maybe thats why. It gives the player more incentive to win at a book like thegreek so that they can cash out. I guess you are always trying to win but to satisfy the roll over and withdraw. I hope they reconsider and books expand on interbook transfers. Matchbook will always be interbook transfer friendly though.

[Santo]

Yes the problem is that they tend to be one-directional from books that are having problems to books that are doing well (be that with payouts, odds etc..)

[Dark Horse]

Let me guess. Books without reduced juice are either charging the highest transfer fees, or no longer want to participate in interbook transfers.

It is amazing to me that books like the Greek and Cris don't offer reduced juice. But they're probably just afraid of Pinny.

[Igetp2s]

Yes the problem is that they tend to be one-directional from books that are having problems to books that are doing well (be that with payouts, odds etc..)

But even if the flow is 1 directional, both books are much better off. The book that the money is leaving doesn't have to worry about dozens of withdrawals by check, while the book getting all the money receives lots of new deposits at much less cost than it normally would.

To protect itself, the book getting all the transfers to it should implement several times rollover in action. This of course assumes that the books completely trust each other. But if they do, there's still no reason why all books shouldn't be strongly encouraging it as much as possible.