Risks of having too much $$ in a book

winkyyy · 10-05-20, 02:00 PM

sure...leave the funds in the account......let it sit there awhile...let it age

Ksherm · 10-05-20, 02:18 PM

Like money in the bank...

farbs2112112 · 10-05-20, 02:21 PM

thanks winkyyy.. I might do that.. take some out and leave some in and continue playing.. unfortunately, the longer I play, the higher likelihood it vanishes

but appreciate your insight as I am relatively new to that book

pologq · 10-05-20, 02:23 PM

it is all personal preference but i like withdrawing profits when i have them but still leave enough to do my usual sized bets.

farbs2112112 · 10-05-20, 02:29 PM

I'm the exact same way polog.. just get uneasy if I run up too large of a balance and then have restrictions or complications down the fortunately this site has provided some comfort after reading through relatively recent reviews..

aortega521 · 10-05-20, 03:53 PM

FARBS might I ask how you ran it up.... was it just grinding away or a big strike on a sportz game or casino?

farbs2112112 · 10-05-20, 05:10 PM

Weekend grind on sports.. certainly got lucky and hot.. still probably at a negative YTD, but up a nice sum and now trying to slow down and take some profits.. especially since this is my first go around with betus

themike78 · 10-05-20, 05:54 PM

I don't think it's ever a good idea to leave large amounts in books. You never know what can happen with these places. You can always make another deposit.

Optional · 10-05-20, 11:56 PM

Bookmakers are not bank accounts or safe places to hold/hide cash money.

I would always withdraw it if you won't be betting it after speaking to too many people who have lost out on large amounts after leaving it there between football seasons when books close or change hands

DISTROYA · 10-06-20, 04:11 PM

unless youre into betting 2-5k/game on a regular basis my question to you is, why would you want to leave 40G's in ANY book?

Nittany Lion · 10-06-20, 04:26 PM

Definitely take out a good chunk of it and leave enough to cover your usual bets. Never trust offshore books no matter how good their reputation is....we all learned a lesson from 5Dimes any place can fukk you. 5Dimes paid everyone but really screwed people on futures.

hank_kingsley · 10-07-20, 12:16 AM

The current situation with COVID and the relative fluctuation of sports (and also sports books) possibly shutting down at any time should make everyone extra cautious. It's an additional factor that should weight pretty heavily in your risk calculation.

AribaAriba · 10-07-20, 12:33 AM

Pinny u wont have any problem keeping 6 figures there.

Optional · 10-07-20, 06:13 AM

Originally posted by DISTROYA

unless youre into betting 2-5k/game on a regular basis my question to you is, why would you want to leave 40G's in ANY book?

So you don't have to move it anywhere a wife or other entity could see it and want an explanation, is one reason.

od120731 · 10-07-20, 09:25 AM

The bookie is DEFINITELY not your bank account. I withdraw up to 80% of the winnings almost every time

5918mike · 10-07-20, 01:25 PM

I'm a small bettor so I try to limit my balance to 3-4k. We are at risk, understand that and be careful but it can go from good to bad over night. Remember we just went through the betmania data loss and computer issues, that lasted more than a month and I never got my balance restored correctly.

DISTROYA · 10-07-20, 02:17 PM

Originally posted by Optional

So you don't have to move it anywhere a wife or other entity could see it and want an explanation, is one reason.

Good point option... But I am sure there are better options than this. And eventually it has to make it back to where it came from unless of course he blows it all which I highly doubt seems like he knows what he is doing

deeppckts · 10-08-20, 03:35 PM

If you're a recreational bettor, there is no reason to leave a balance that is so much greater than your bet size. Just withdraw it to BTC and hold onto it there. If you need to reload, fine.
Two reasons not to withdraw, though: it might bring attention to your account and if you're betting obscure stuff or props, they might cut your limits. Secondly, some books will ban you from promotions the moment you take a withdrawal. Weird, but that's how some operate.

I would feel fine with 40k at BetUS, though. So long as you don't have a huge rollover and there's a chance they might cut your limits to $50 (which they are prone to do). Then you might be screwed. But they pay regularly and sometimes more than 5k within a 24 hr period if you just keep requesting more. You could definitely get 40k out in a week.

deeppckts · 10-08-20, 03:36 PM

Actually, one downside of holding funds there is if someone gets your password, there is absolutely nothing stopping them from stealing your funds. They have NO KYC, phone call, email confirmation, nothing. Pretty insane.

vampire assassin · 10-08-20, 05:43 PM

Originally posted by AribaAriba

Pinny u wont have any problem keeping 6 figures there.

Same with Bookmaker, BOL, and surprise...Bovada.

vampire assassin · 10-08-20, 05:44 PM

Originally posted by deeppckts

Actually, one downside of holding funds there is if someone gets your password, there is absolutely nothing stopping them from stealing your funds. They have NO KYC, phone call, email confirmation, nothing. Pretty insane.

If you keep a balance anywhere, you need to have your phone and PC locked by default.

Tarnski · 10-14-20, 02:55 PM

Originally posted by vampire assassin

Same with Bookmaker, BOL, and surprise...Bovada.

Be careful with Bovada. I signed up recently and I'm in a very difficult situation trying to get paid.

DontTailMe · 10-15-20, 12:16 AM

Originally posted by Tarnski

Be careful with Bovada. I signed up recently and I'm in a very difficult situation trying to get paid.

I read the other thread with your issue. Look, I understand that this process might be foreign to you, but it is completely normal. If books weren't allowed to take such measures to protect themselves, then we wouldn't have anywhere to play. Your post I'm quoting is nonsense. Bovada has a good reputation, and your one instance where no harm has even been done to you yet isn't going to change anyone's opinion. If you've done nothing wrong, you will get your money. Just try to relax.

Brooklyn Dick · 10-15-20, 05:32 AM

Funny thing is not much required to deposit, only when you want your money.........................