Bookmaker limits on withdrawals

[Jared Brooks]

Who is JazzMonkey and what exactly did he post?

Lots of interested parties watching this thread. Bookmaker has treated me very well in the past and I'm not rushing to withdraw. Suddenly reducing withdrawal limits to pennies is remarkable though.

[fastlane]

Optional,

Other than their word. How do books prove liquidity to SBR?

[deeppckts]

Optional,

Other than their word. How do books prove liquidity to SBR?

They don't. That's why it's amusing to hear Optional proudly announce to us that they say they can cover 100% of balances. It's cheap talk. Probably true for BM, but cheap talk.

[Optional]

True, I have not seen any BM financials.

But based on all of our experience with them over decades, I believe them too deeppckts.

Not sure why you find it amusing though. The best we can all do for the industry is be sensible.

Sport will be back, the big books won't be gone by then no matter how long it takes, as they are so profitable there will always be an investor there to bailout/takover if needed.



The more positive cash flow they can generate right now, the less book employees get stood down. If we as bettors go crazy, toilet paper style, we will just be putting extra people out of work for no real good reason that is helpful to any of us.

[quone17]

If we are being reasonable, obviously if jazz monkey posted a screenshot of the bookmaker chat then there is no way he should be banned.

The posting on bookmaker seems to say it is limited until sports starts back up. If they truly have enough money to cover everything then it would be just as bad because they are taking advantage of the crisis. I mean what is their rationale for the absurd limits, has anyone asked? I always thought my money was my money, within limits, at the few reputable big books. Thanks

[quone17]

True, I have not seen any BM financials.

But based on all of our experience with them over decades, I believe them too deeppckts.

Not sure why you find it amusing though. The best we can all do for the industry is be sensible.

Sport will be back, the big books won't be gone by then no matter how long it takes, as they are so profitable there will always be an investor there to bailout/takover if needed.



The more positive cash flow they can generate right now, the less book employees get stood down. If we as bettors go crazy, toilet paper style, we will just be putting extra people out of work for no real good reason that is helpful to any of us.

I do agree with your last point. Just to be clear I am not trying withdraw my entire balance, probably half. But I can't. For a couple months.

[Craig22]

If you post BS to attack a book that is an advertiser here, and the book says it is untrue when we ask them about it, you might find yourself booted.

Jazzmonkey got what was deserved. Not the time for being that sort of ass. It can have a negative effect on others who are not being drama queens or rushing to withdraw everything.

If the book doesn't have the funds, of course they aren't going to say they don't have the funds and incite a panic. So in reality, there's no way to know. jmo

[HedgeHog]

I have a little over 10K with Bookmaker so the 3k weekly limit is not as big a deal with me compared to others with big balances. FWIW, I did request a 3k check last Monday and got it the next day. Probably little solace to someone with 6 figures there.

[milwaukee mike]

I have a little over 10K with Bookmaker so the 3k weekly limit is not as big a deal with me compared to others with big balances. FWIW, I did request a 3k check last Monday and got it the next day. Probably little solace to someone with 6 figures there.

yeah, same with the new 3k limits on withdrawals at bol and 1k at heritage

[HedgeHog]

yeah, same with the new 3k limits on withdrawals at bol and 1k at heritage

I think the 1k is Heritage's weekend BTC limit. I see they are back to 3k today and 10k per week for BTC, according to their cashier page.

[Shifty]

Made a deposit at Bookmaker on the day that the NBA shut down. Now they say I can't withdraw until I rollover the deposit 1x. I only bet pizza money on horses so this will take me a while.

[pimike]

Made a deposit at Bookmaker on the day that the NBA shut down. Now they say I can't withdraw until I rollover the deposit 1x. I only bet pizza money on horses so this will take me a while.

Not sure horses even count in the R/O

Darn you have bad luck bud.

[Barrakuda]

You have to seriously question any book not willing to waive a rollover right now.

[pimike]

You have to seriously question any book not willing to waive a rollover right now.

Not really.

[Barrakuda]

If you post BS to attack a book that is an advertiser here, and the book says it is untrue when we ask them about it, you might find yourself booted.

Jazzmonkey got what was deserved. Not the time for being that sort of ass. It can have a negative effect on others who are not being drama queens or rushing to withdraw everything.

Call us drama queens....but DQs tend to end up with a lot more cash than those who play it cool..

[Optional]

Call us drama queens....but DQs tend to end up with a lot more cash than those who play it cool..

Not in my experience.

And JazzMonkey was unbanned already. I had the wrong info and was wrong to call him a drama queen.

[quone17]

Not in my experience.

And JazzMonkey was unbanned already. I had the wrong info and was wrong to call him a drama queen.

Fair of you to say that, I'm sure he appreciates it. I can only assume you and I are on the same side and want what's fair.

I have heard about other books having no issues with lowering limits on payouts. There is no excuse for limiting the Bookmaker payouts so much. How do we, as the betting community, request a review of the grade that Bookmaker has? Or, for someone at SBR to talk to Bookmaker to see if there is a certain time frame they can put on the extreme limits? It is just totally unfair and not all books have done this. I mean right now they have a blackjack or slots tournament or something and if you win you win $10k. But, there is no way to get that $10k out except over a 3 week period.

I also note I requested and received a bitcoin payout today from Bookmaker, and I got it VERY quickly. Thanks

[Optional]

Fair of you to say that, I'm sure he appreciates it. I can only assume you and I are on the same side and want what's fair.

I have heard about other books having no issues with lowering limits on payouts. There is no excuse for limiting the Bookmaker payouts so much. How do we, as the betting community, request a review of the grade that Bookmaker has? Or, for someone at SBR to talk to Bookmaker to see if there is a certain time frame they can put on the extreme limits? It is just totally unfair and not all books have done this. I mean right now they have a blackjack or slots tournament or something and if you win you win $10k. But, there is no way to get that $10k out except over a 3 week period.

I also note I requested and received a bitcoin payout today from Bookmaker, and I got it VERY quickly. Thanks

3K a week is lower than I expected to see too.

As I said earlier, the withdraw flow has to slow or locked up funds come available at some stage, so I'd think that 3k number should rise.


I think we all just need to hope/trust BM know what they are doing and limiting it to 3k means the business is guaranteed to survive and is the good of us all in the end.

[deeppckts]

You have to seriously question any book not willing to waive a rollover right now.

I'm questioning you right now.

[TIP_EU]

I said it two days ago and they told me I'm drunk. In a month they will limit the payments totally. 150 people have been fired.

[pimike]

I said it two days ago and they told me I'm drunk. In a month they will limit the payments totally. 150 people have been fired.

We will be up in running in a month or two full blast

[TIP_EU]

With 60,000 cases of covid19 in a week and 700 dead? in 3 months there is no NBA or Baseball or NCAA/NFL

New York today 28,000 cases.

[pimike]

With 60,000 cases of covid19 in a week and 700 dead? in 3 months there is no NBA or Baseball or NCAA/NFL

New York today 28,000 cases.

Disagree

Will be going in 2 months . Definitely announced by then

[TIP_EU]

Who cares bookmaker wins 40 million or loses 30 million, health first.

[pimike]

Who cares bookmaker wins 40 million or loses 30 million, health first.

So maybe we need to stop driving?

People dying left and right every day.

[TIP_EU]

Without sports in 3 months, they will not be able to pay any player.

I had $ 11,400 in sportsbook balances, and I have $ 1,000 right now.

[deeppckts]

Without sports in 3 months, they will not be able to pay any player.

I had $ 11,400 in sportsbook balances, and I have $ 1,000 right now.

That's all we needed to know to ignore anything you have to say.

[TIP_EU]

My money is in my pocket, yours is in the air.

[pimike]

That's all we needed to know to ignore anything you have to say.

Haha

[deeppckts]

I think this is BM's way of paying out all the rec players and keeping them happy while telling the sharps: "look, if you all take your 6 figure balances out, this could cause us some pain, so we are basically keeping your money for the time being. However, we're BM, so you shouldn't sweat it." Kind of backwards in some ways but...

[Jared Brooks]

I think this is BM's way of paying out all the rec players and keeping them happy while telling the sharps: "look, if you all take your 6 figure balances out, this could cause us some pain, so we are basically keeping your money for the time being. However, we're BM, so you shouldn't sweat it." Kind of backwards in some ways but...

I think so too.

[SystemMaster]

question

Decided to delete this question.

[Barrakuda]

I'm questioning you right now.

Sometime in February:

"Thank you for your $10,000 deposit. You account has been credited."

"As usual, I'm declining the bonus, but I do see that you have a 2x rollover for all deposits. What if there is a global disaster, all sports shut down for a year, and there is no way to satisfy my rollover?"

"Oh, we hold all your money hostage in that case."

"Sweet. Thanks!"

[goduke]

go to the bank and ask for $50k in cash, they won't give it to you at this point either

They will if it’s your money

[DontTailMe]

They will if it’s your money

Yeah, that claim is hogwash.