WSEX Slow Payout Updates

[sky1]

Live Betting: WSEX vs. Matchbook

I'm still hopeful WSEX can rebound as well as the live betting was the best I've seen. Down to 2 withdrawals, one from March and one from October. Like a few others on here, just keeping the forum members posted.

Russinat,

WSEX is not the best Live Betting that I have seen.

WSEX Live Betting:

• On "pause" about 65% of the time
• Spreads way too wide (actually just very high commissions)
• Represents one person's opinion (Calvin the clown)
• Offers pointspread or moneyline but very seldom totals
• Occasionally not even functioning at the beginning of games
• Very limited in number of games offered
• Sometimes does not even offer one live game during a 24 hour period
• Will ban you if you win too often

Matchbook Live Betting, on the other hand, offers:

• The opportunity to set your own prices
• Continuous play with no "pauses"
• In some games, very narrow spreads (I have seen some as little as one basis point)
• Multiple games each day
• A true marketplace rather than one person's opinion
• Pointspread, moneyline, and totals on almost every game
• Very low commissions
• No banning of players regardless of how successful

WSEX is occasionally plausible as a back-up to Matchbook . . . if it is not on pause.

However, Russinat, I do like your Avatar!

[relaaxx]

Russinat,

WSEX is not the best Live Betting that I have seen.


WSEX Live Betting:

• On "pause" about 65% of the time
• Spreads way too wide (actually just very high commissions)
• Represents one person's opinion (Calvin the clown)
• Offers pointspread or moneyline but very seldom totals
• Occasionally not even functioning at the beginning of games
• Very limited in number of games offered
• Sometimes does not even offer one live game during a 24 hour period
• Will ban you if you win too often

Matchbook Live Betting, on the other hand, offers:

• The opportunity to set your own prices
• Continuous play with no "pauses"
• In some games, very narrow spreads (I have seen some as little as one basis point)
• Multiple games each day
• A true marketplace rather than one person's opinion
• Pointspread, moneyline, and totals on almost every game
• Very low commissions
• No banning of players regardless of how successful

WSEX is occasionally plausible as a back-up to Matchbook . . . if it is not on pause.

However, Russinat, I do like your Avatar!

all true ---but i have made way more money because of WSEX lines not MATCHBOOK over the years in live betting. wish it was the other way around. just easier at WSEX.

[Monte]

for anyone interested in the b2b...here is the deal i got for transfers from wsex to MB:
1 transfer each 30 days allowed
4x rollover at MB
$2500 for $50 fee

Not too great, but ofc it has the big advantage that those are still processed within a few days.

[Chuck Sims]

Monte, Matchbook is very selective on transfers from WSEX. Many here have reported a refusal from Matchbook for incoming WSEX transfer requests.

[sky1]

Monte, Matchbook is very selective on transfers from WSEX. Many here have reported a refusal from Matchbook for incoming WSEX transfer requests.

Hi Chuck,

I am wondering if Matchbook's acceptance or declination of incoming B2B funds has any correlation to around the time that WSEX sold them (apparently to raise much needed cash)?

When influenced/controlled by WSEX, maybe Matchbook's declination of B2B funds coming from WSEX had more to do with WSEX saying no and blaming or leaning on Matchbook.

From a personal standpoint, I took most of my funds out of WSEX earlier this year; however, I left a few hundred behind and transferred it to Matchbook earlier this month, with almost* no problem; however, after sending a very precise email to both WSEX and Matchbook, and waiting two days, I had to call WSEX to make it happen . . . had I not called, it may or may not have ever been done in a timely fashion. (Also, I have no rollover requirement at MB for these funds that I have been made aware of.)

*almost - I had to pay an exorbitant gouging B2B $50 fee to WSEX, which in no way represents the true cost of that "service" . . . and I felt simply was a penalty to discourage funds from leaving what, is by most characteristics, a sinking ship.

And BTW, there is no mention of that gouging fee on the WSEX website . . . and for good reason . . . it would discourage some of the (few) potential depositors that they might attract.

[Chuck Sims]

sky1, I wish I knew why some WSEX transfers are approved and others are not.

[sky1]

Matchbook 4x rollover requirement

Hi Chuck,

Yeah, I don't really know why some WSEX to MB transfers are approved and others are not.

For the record . . . subsequent to my post yesterday, I did discover an unread email from a few days back informing me of the 4x rollover requirement . . . and now, from that, I can speculate that some of the denied transfers from WSEX to MB may be because no further requests to transfer from WSEX will be accepted until the 4x rollover requirement has been met.

Based on that requirement, it is easy to see why players may not know whether or not they have met the 4x rollover requirement prior to making a subsequent request . . . especially if several weeks or months have elapsed.

[707782]

no updates?

[macb]

C'mon SBR. Some kind of update. How slack can u get ?

[TodayIsForgotten]

Russinat,

WSEX is not the best Live Betting that I have seen.

WSEX Live Betting:

• On "pause" about 65% of the time
• Spreads way too wide (actually just very high commissions)
• Represents one person's opinion (Calvin the clown)
• Offers pointspread or moneyline but very seldom totals
• Occasionally not even functioning at the beginning of games
• Very limited in number of games offered
• Sometimes does not even offer one live game during a 24 hour period
• Will ban you if you win too often

Matchbook Live Betting, on the other hand, offers:

• The opportunity to set your own prices
• Continuous play with no "pauses"
• In some games, very narrow spreads (I have seen some as little as one basis point)
• Multiple games each day
• A true marketplace rather than one person's opinion
• Pointspread, moneyline, and totals on almost every game
• Very low commissions
• No banning of players regardless of how successful

WSEX is occasionally plausible as a back-up to Matchbook . . . if it is not on pause.

However, Russinat, I do like your Avatar!

MB's live betting is nowhere what it used to be 5 years ago. Playing now on most games have horrible lines that are player generated rather than whoever was controlling in the past with thousands of dollars versus at most a few hundred dollars. Unless something changed since November, MB is not what it used to be. I was messing around on WSEX after i had received 1 of my 3 checks and didn't really notice too much of pausing. on a small update. My bounced check which was suppose to be sent asap is coming up on 32 days. Looks like it will be another 7 months before i have any chance of seeing it...

[a4brooks]

I requested a check to be mail on October 3rd of $565, and have not received it yet. On November 30th, I requested a withdraw of $1200 but this time selecting the courier mail option. A check for $550.21 came just 4 days later with a tracking number, Im waiting for that check to clear.

[carysb7478]

anyone have any news? Still waiting on a final payout, going on 33 weeks. They just tell me the same bs each week...."should have an update for you next week"

[macb]

if nothing changes soon, i really hope they sell their brand to a bigger name

[vividjohn45]

why is wsex having these issues? the nfl was good to the books this year.?

[TomG]

We're coming up to that time of the year. I invite my friends in this thread to learn more about a particular topic: Bad Debt Deduction.

http://www.irs.gov/taxtopics/tc453.html

[trumpdown]

They take their sweet ass time, but they pay....eventually.

[BChrisB]

I'm convinced WSEX has zero brains. They should have sold WSEX and kept Matchbook.

[Absolutelyonfire]

anyone have any news? Still waiting on a final payout, going on 33 weeks. They just tell me the same bs each week...."should have an update for you next week"

33 weeks !!! You're lucky. Still waiting for 5 payments which were requested 43 weeks ago !!!

[ByeShea]

the nfl was good to the books this year.?

I don't know about that. This was an underdog Sunday (big money is bet on home favorites Steelers, Colts, Pats, Saints) but I can't see how any book didn't take an unholy beating Monday Night.

[danger]

33 weeks !!! You're lucky. Still waiting for 5 payments which were requested 43 weeks ago !!!

I think I have the dubious record of waiting 57 weeks (and 6 payment requests), dating back to Nov 5 2009.

[suzysuzy]

I'm not far behind you, danger. I have one from January and 5 payment requests.

[thesharkman]

They take their sweet ass time, but they pay....eventually.

yes, this is true (at least from my experience). Another long patient wait was rewarded a few days ago

[sneak-a-peak]

Are these guys ever going to recover?

[Harmy G]

Bad news: http://www.antiguagaming.gov.ag/file...0_FSRC2010.pdf

FINANCIAL SERVICES REGULATORY COMMISSION
DIVISION OF GAMING
REGULATORY NOTICE
Re: World Sports Exchange Limited
and
World Sports Exchange Casino Ltd
December 16, 2010
THIS NOTICE from the Antigua and Barbuda Financial Services Regulatory Services Commission is to advise the customers and patrons of www.wsex.com, the Internet gaming community and the world that World Sports Exchange Limited and World Sports Exchange Casino Ltd. trading as www.wsex.com no longer have licenses to conduct interactive gaming and interactive wagering from or within the jurisdiction of Antigua and Barbuda. Any statements or inferences to the contrary are false. The Antigua and Barbuda Financial Services Regulatory Services Commission will not be liable for or respond to any claims, demands, actions or resulting damages incurred as a result of gaming activities with this site or any other sites associated with World Sports Exchange Limited and World Sports Exchange Casino Ltd. trading as www.wsex.com.
The Antigua and Barbuda Financial Services Regulatory Services Commission provides further NOTICE to everyone that prior to registering to play at an Internet gaming site players should always determine if the site is licensed by an Internet gaming regulatory authority. Placing wagers with Internet gaming sites that do not display an Internet gaming license or authorization from an established Internet gaming regulatory authority could prove a risk to the player.

[sneak-a-peak]

Bad news: http://www.antiguagaming.gov.ag/file...0_FSRC2010.pdf

[Brooks]

wow, merry ******* christmas. i can see why they arent responding to my emails

[wacked]

Damn, hope it's just temporary for all the current bag holders. I got out over a year ago and it took me a year and constant bitching, 3rd party checks and repeated threats. So glad I got out, even though I tore up their live betting even with my satellite dish being so delayed.

[relaaxx]

i just called them. answered the phone in 2 rings. i was told they are working on the license and will be done soon. also told me the only delay in payouts is still with checks going to the US. i did a b2b with MATCH couple weeks ago for $2500. asked for a check on 11/11 also. told should be getting that 1st or 2nd week of january. if the checks i ask for take 2 months. i can live with it. i like the way WSEX is set up. like playing there. they did pay me all i had coming even if it did take 7 and a half months for the last check. i continue to play there. more than ever. i may be saying 'how dumb i was to continue to play there after all the slow pay'. but, i don't think so. or at least i hope i do not end up regretting what i've known for a long time. get out while you can , with your money.

[Hareeba!]

i just called them. answered the phone in 2 rings. i was told they are working on the license and will be done soon. also told me the only delay in payouts is still with checks going to the US. i did a b2b with MATCH couple weeks ago for $2500. asked for a check on 11/11 also. told should be getting that 1st or 2nd week of january. if the checks i ask for take 2 months. i can live with it. i like the way WSEX is set up. like playing there. they did pay me all i had coming even if it did take 7 and a half months for the last check. i continue to play there. more than ever. i may be saying 'how dumb i was to continue to play there after all the slow pay'. but, i don't think so. or at least i hope i do not end up regretting what i've known for a long time. get out while you can , with your money.

yes, no surprise that they will do what they can to put a positive spin on it
any explanation as to why their licence lapsed?
regardless of what they say this announcement is only going to compound things for them and those with funds still there as there will now surely be a stampede to withdraw when news of this gets around

[TomG]

Football season is starting to wind down and WSEX has failed to close out its existing debt. According to the last SBR news feed item on the matter, WSEX still owes at least $171,253 to players. In the last month, this thread has slowed down. There are few significant new payments to report. Unfortunately, the indications are that WSEX has failed to right the ship. I see no reason for optimism going forward.

[trumpdown]

Their Moneybookers withdraws are also well behind compared to when football season began. They haven't responded to email/s like the beginning of the season either.

Matchbook has resumed allowing book transfer/s after cutting me off previously as long as I end up transferring the same amount back to WSEX before any further withdraw. So in essence you provide some desperately needed liquidity to MB, and end up "despositing" back to WSEX.

Sounds like everyone tore up the live betting so no big surprise. And for those wanting to keep that a secret maybe this will add to more deposits, but I doubt it. The book is too easy to beat on various levels I never came close to busting out from a one-time trial deposit, and am most convinced I am not alone.

[RazzFan]

yes, no surprise that they will do what they can to put a positive spin on it
any explanation as to why their licence lapsed?
regardless of what they say this announcement is only going to compound things for them and those with funds still there as there will now surely be a stampede to withdraw when news of this gets around

I don't know why that licenser just now put out the notice they lost their license. It happened nearly 12 months ago. I suppose WSEX has continued to try to claim being licensed in Antigua and finally the directorate decided to issue this statement. This should not change the situation of WSEX, only brings new light to it.

[aceking]

not looking good for wsex ...

[carysb7478]

I'm not sure what the hubbub is all about over that pdf. I thought it was well known they lost their license months ago....

still waiting on Apr. 5 request.

[sneak-a-peak]

They have really ruined my BR by not being able to move it or use it or really have any kind of real access to it month after month after month.

They have also really ruined my perception of the industry. They were rated A+ not too long ago and now look. Nothing is safe offshore and never will be. This book is proof. Who's next?

May have to quit all together solely because of this book.

It is hard enough to win in this biz and then you compound these types of problems so I begin to think is it even worth it anymore?

Im starting to think the answer is no.