How low, can they go (LIMBO!)?

[Tomato]

[snip]

5/17/2009 04:29 PM
wsex downgraded from B+ to B
4/23/2009 11:03 AM
wsex lowered from A- to B+. The rating change represents a lack of adequate financial processing resources resulting in delays. SBR continues to rate wsex as financially strong and the sportsbook is in position to reclaim a spot on SBR's list of top sportsbooks once processing issues are addressed. Some players have reported delays of two months before receiving payment.
4/23/2009 10:57 A
wsex lowered from A- to B+
3/17/2009 05:51 PM
wsex lowered from A+ to A-

[/snip]

Within 2 months, WSEX has gone from A+ to B.

When will it stop? When they get to F-? OK, too drastic. F+.

[Justin7]

I'd be very surprised if WSEX went much lower. They have a sterling reputation, but have recent processor issues.

What would you rate a book if your money was 100% safe, but (if things got a lot worse) it might take 3 months to get it?

[Tomato]

I'd be very surprised if WSEX went much lower. They have a sterling reputation, but have recent processor issues.

What would you rate a book if your money was 100% safe, but (if things got a lot worse) it might take 3 months to get it?

Tomato would avoid that book. D-.

[pokerplayer22]

Im not sure what i would rate a book if your money was 100% safe but it took 3 months to get it but i am curious what people would rate a book that steals your money at the time that you request a payout and just flat doesnt issue payouts. (sportbet). I am guessing the grade wouldnt be a "B"

[durito]

When you can still transfer unlimited amounts to A+ rated books in a couple hours, you really can't lower them past B. Their checks all do come eventually. I really don't get the reason for the delays.

[Peep]

What would you rate a book if your money was 100% safe, but (if things got a lot worse) it might take 3 months to get it?

C-.

Availability of MY MONEY UPON REQUEST is a a must for me for a book to be any higher than a C-.

Secondly, NO ONE knows if your money is "100% safe" with an offshore. To go around making these claims for ANY book, including Pinny and Thegreek, is wrong. They are NOT 100% safe either.

If they need three months to pay, it could well be a ponzi, which is a far cry from 100% safety.

[Tomato]

8/24/2009 11:31 AM
wsex downgraded from B- to C 7/28/2009 02:09 PM
wsex downgraded from B to B-
How low... can they go? (LIMBO!)

[Igetp2s]

I'd be very surprised if WSEX went much lower. They have a sterling reputation, but have recent processor issues.

What would you rate a book if your money was 100% safe, but (if things got a lot worse) it might take 3 months to get it?

Define "recent." How far back do you think they have been using the processor excuse? How long have they been having "connection" problems with Neteller?

The answer to both questions has to be at least a year. That's not "recent" in my book.

How could you possibly know your money is 100% safe? If it takes 3 months to get it, and there's no good explanation, I would say your money is certainly not 100% safe. It is far more likely that they're paying withdrawals with deposits that are coming in, and as deposits come in less frequently with all this bad publicity, their withdrawal times increase.

[Igetp2s]

When you can still transfer unlimited amounts to A+ rated books in a couple hours, you really can't lower them past B. Their checks all do come eventually. I really don't get the reason for the delays.

You can't transfer unlimited amounts, most people can't transfer anything. And that books also happens to at least be partially owned by the same person/people. That's a poor, poor argument to maintain a B rating, when there are at least 10 other warning signs that indicate even a C rating is too high.

[Tomato]

3/25/2010 08:04 PM
WSEX downgraded from C to C-

6/7/2010 05:21 PM
wsex downgraded from C- to D+

7/3/2010 01:32 PM
wsex downgraded from D+ to D

[sgo]

they should go lower, as they dont pay withdrawals in any reasonable time (and maybe wont pay some at all in some future)

[magynuck]

steady progress downward here

[Hareeba!]

Most definitely should be blacklisted
Any book not paying promptly should not have a rating which might encourage players to deposit funds with them

[RickySteve]

Most definitely should be blacklisted
Any book not paying promptly should not have a rating which might encourage players to deposit funds with them

D reflects their issues in stark terms. Not an F book and never will be.

[MJFtheGenius]

SAD day for WSEX

[trumpdown]

Well done Tomato! I was told most recently they hope to be caught up so they can start "fresh" by football season. I highly doubt this happening, but if they don't in fact get caught up I highly question they can continue to operate as new deposits will coincide greatly on how quickly they fix this mess.

[DukeJohn]

Well done Tomato! I was told most recently they hope to be caught up so they can start "fresh" by football season. I highly doubt this happening, but if they don't in fact get caught up I highly question they can continue to operate as new deposits will coincide greatly on how quickly they fix this mess.

I was lucky and withdrew right at the start of their decline. By-the-time I got back to thinking about moving money into my account with them, they had already dropped below the B rating. So, I never returned to WSEX. Glad, I didn't, kind of lucked out there.

Anyway, the only way I would return is if somehow they managed a B rating from SBR.

BoL to all those still owed money,

[Mudcat]

For people who have been around for awhile, it just makes you shake your head, what has happened with WSEX