Would yo trust a high balance in Youbetonit?

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  • Optional
    Administrator
    • 06-10-10
    • 61373

    #36
    Originally posted by pimike

    They are growing. Got some new heavy hitters backing them.
    The "backers" are exactly the ones STOPPING them paying people. Do not kid yourself. Every book who relies on funding to stay afloat has an overlord telling them what to do. And it's always aimed at making sure the backer does not lose at the players expense.


    Just manage your book properly, pay your withdrawals when asked for them, and no need to talk rubbish about backers. No need for a backer to pay your bills when running an unregulated sportsbook if you operate it professionally.
    .
    Comment
    • pimike
      BARRELED IN @ SBR!
      • 03-23-08
      • 37139

      #37
      Originally posted by Optional
      The "backers" are exactly the ones STOPPING them paying people. Do not kid yourself. Every book who relies on funding to stay afloat has an overlord telling them what to do. And it's always aimed at making sure the backer does not lose at the players expense.


      Just manage your book properly, pay your withdrawals when asked for them, and no need to talk rubbish about backers. No need for a backer to pay your bills when running an unregulated sportsbook if you operate it professionally.
      Thanks optional

      Makes sense
      Comment
      • DontTailMe
        SBR MVP
        • 03-24-19
        • 2897

        #38
        Originally posted by pimike
        That’s what some were told.

        They increased the amount of payouts per week due to the backing.

        You send 2,000 you can collect 4,000 a week.
        I'm not doubting this is what you heard, but it doesn't make much sense to me. Either your book is solvent or it isn't. If you're operating a book effectively, there should be no difference between paying out $4,000 and $2,000. Because you're taking in more than you're paying out. If someone told me that they had to rely on "backers" to pay players what they are owed, that would actually deeply concern me about their operation. Let's face it - the reason books put limits on payouts is to keep more funds in their coffers for longer, so players will be more likely to play and lose. "Backers" sounds like mumbo jumbo to me.

        Edit: Or kind of what Optional said. Guess I should have read the next page first.
        Last edited by DontTailMe; 09-02-21, 02:26 AM.
        Comment
        • LLXC
          SBR Hall of Famer
          • 12-10-06
          • 8972

          #39
          Yea, if the book itself actually mentioned “backers, then that’s concerning. Then again, sometimes these small books over do it with bonuses and run into $ issues and need backers to keep them afloat (like a startup bleeding cash for users up front).
          Comment
          • pimike
            BARRELED IN @ SBR!
            • 03-23-08
            • 37139

            #40
            Originally posted by LLXC
            Yea, if the book itself actually mentioned “backers, then that’s concerning. Then again, sometimes these small books over do it with bonuses and run into $ issues and need backers to keep them afloat (like a startup bleeding cash for users up front).
            My understanding is simply when when asked why are you able to now pay out more weekly now verses before? They stated they have investors.

            It’s not like they are telling people this.

            It’s not being promoted as such.
            Comment
            • luckylefty73
              SBR Hustler
              • 06-15-21
              • 61

              #41
              Should not have any restrictions on withdrawals, the whole limited to double your deposit on a withdrawal is ridiculous!!
              Comment
              • pimike
                BARRELED IN @ SBR!
                • 03-23-08
                • 37139

                #42
                Originally posted by luckylefty73
                Should not have any restrictions on withdrawals, the whole limited to double your deposit on a withdrawal is ridiculous!!
                Many books have limits.

                Heritage has limits

                Bookmaker no weekends.

                No nights.

                Stop
                Comment
                • HedgeHog
                  SBR Posting Legend
                  • 09-11-07
                  • 10128

                  #43
                  Why is it alarming if Youbetonit has investors (backers)? I would think that it reflects well on YB's business model if others want to buy into their operation. BTW, I'm content with a $2000 max payout per week. I always put my withdrawal requests in on Monday and have always gotten it by the end of the week. Lately I've received payment same or next day, which is encouraging. While not for everyone, I think YB is a decent out.
                  Comment
                  • luckylefty73
                    SBR Hustler
                    • 06-15-21
                    • 61

                    #44
                    Originally posted by pimike
                    Many books have limits.

                    Heritage has limits

                    Bookmaker no weekends.

                    No nights.

                    Stop
                    Ok lol. We all can tell that you are a big fan of this book and that's fine. Best of luck to you
                    Comment
                    • pimike
                      BARRELED IN @ SBR!
                      • 03-23-08
                      • 37139

                      #45
                      Originally posted by luckylefty73
                      Ok lol. We all can tell that you are a big fan of this book and that's fine. Best of luck to you
                      We can tell you’ve never played there and you don’t know what you’re missing but that’s fine too
                      Comment
                      • DontTailMe
                        SBR MVP
                        • 03-24-19
                        • 2897

                        #46
                        Originally posted by HedgeHog
                        Why is it alarming if Youbetonit has investors (backers)? I would think that it reflects well on YB's business model if others want to buy into their operation. BTW, I'm content with a $2000 max payout per week. I always put my withdrawal requests in on Monday and have always gotten it by the end of the week. Lately I've received payment same or next day, which is encouraging. While not for everyone, I think YB is a decent out.
                        Not the mere fact they have backers. But that they are only able to pay out more because of their backers. That should have nothing to do with it. They've been in business for a while now.
                        Comment
                        • Optional
                          Administrator
                          • 06-10-10
                          • 61373

                          #47
                          Originally posted by HedgeHog
                          Why is it alarming if Youbetonit has investors (backers)? I would think that it reflects well on YB's business model if others want to buy into their operation. BTW, I'm content with a $2000 max payout per week. I always put my withdrawal requests in on Monday and have always gotten it by the end of the week. Lately I've received payment same or next day, which is encouraging. While not for everyone, I think YB is a decent out.
                          What do you think about the never ending bonuses up to 250% Hedgie?

                          Does that look sustainable to you?

                          Knowing how strongly you feel about Betislands, kind of surprised at your opinion here.

                          I guess they owe you a bunch huh?
                          .
                          Comment
                          • CanuckG
                            SBR Posting Legend
                            • 12-23-10
                            • 21978

                            #48
                            The fact it's the same 2 people touting this site tells me all I need to know
                            Comment
                            • CanuckG
                              SBR Posting Legend
                              • 12-23-10
                              • 21978

                              #49
                              Makes me laugh

                              Comment
                              • HedgeHog
                                SBR Posting Legend
                                • 09-11-07
                                • 10128

                                #50
                                Originally posted by Optional
                                What do you think about the never ending bonuses up to 250% Hedgie?

                                Does that look sustainable to you?

                                Knowing how strongly you feel about Betislands, kind of surprised at your opinion here.

                                I guess they owe you a bunch huh?
                                Depends on what the rollover is on that particular bonus, and I'll bet you it's huge. I can tell you firsthand that their rollovers are tough to complete with their full juice lines. Fact is that I've busted more often than completing them. Truth is I no longer take bonuses there, instead opting for the reduced -105 lines. I currently have 8 grand there...is that a "bunch"? Not to me.

                                Not sure why you keep bringing up BetIslands as I don't see the correlation. BetIslands didn't have have any "backers" coming to their rescue at the end. Further, their business model was a disaster (i.e. free 1/2 points off any number including 3 and 7 and small ROs on their big bonuses). In hindsight, their demise should not have been a surprise. I was burned like many others when they went under, and I'll take my share of the blame for not seeing the inevitable. I think the only one to come out ahead on that debacle was SBR. How much did you guys make in advertising revenue with this scam Book?

                                I guess they paid you a bunch huh?
                                Last edited by HedgeHog; 09-03-21, 03:39 PM. Reason: spelling
                                Comment
                                • Optional
                                  Administrator
                                  • 06-10-10
                                  • 61373

                                  #51
                                  Well, partly because that is what it smells like to me. Desperate marketing with over the top bonuses like Betislands. And the other partly is due to you being such an angry poster about Betislands/SBR over many years.

                                  Seems hypocritical to be sooooooo keen to put yourself out there promoting this same style shop so hard now.

                                  I dunno what SBR made there. But I wouldn't be angrily whoring myself out for 8k, thats for sure. ;-)
                                  .
                                  Comment
                                  • HedgeHog
                                    SBR Posting Legend
                                    • 09-11-07
                                    • 10128

                                    #52
                                    Originally posted by Optional
                                    Well, partly because that is what it smells like to me. Desperate marketing with over the top bonuses like Betislands. And the other partly is due to you being such an angry poster about Betislands/SBR over many years.

                                    Seems hypocritical to be sooooooo keen to put yourself out there promoting this same style shop so hard now.

                                    I dunno what SBR made there. But I wouldn't be angrily whoring myself out for 8k, thats for sure. ;-)
                                    Hey I'm not telling anyone to play at YouBetonit, just relaying my experiences. Obviously there are additional risks there as they are a smaller Book, so posters can decide accordingly. As long as I'm "whoring myself out", allow me to give a shoutout to Betnow another small book I like. Full disclosure--I have 17k there so I really really need everyone to play there so I can get paid.

                                    Christ, I play at 6 or 7 SBR sponsor books and you have no problem when I make favorable posts about them. But when I chime in about a lesser known outfit I'm seen as a shil trying to insure my balance is safe. I could care less where others decide to play, but it's a forum and I'll freely share my opinion if that's ok with you.
                                    Comment
                                    • Optional
                                      Administrator
                                      • 06-10-10
                                      • 61373

                                      #53
                                      Hey Dude, you were the one asking "Why is it alarming" after several people had already explained!

                                      If you don't want an argument, don't start one next time.
                                      .
                                      Comment
                                      • HedgeHog
                                        SBR Posting Legend
                                        • 09-11-07
                                        • 10128

                                        #54
                                        Originally posted by Optional
                                        Hey Dude, you were the one asking "Why is it alarming" after several people had already explained!

                                        If you don't want an argument, don't start one next time.
                                        It was a sincere question, not designed to start an argument but instead a discussion. I still don't understand why it's a red flag that outside investors would want to invest in Youbetonit--if in fact that's what has occurred. Why would anyone want to jump aboard a sinking ship? I actually think it would be a good thing if YB had additional backing. Unlike you, I believe YB's business model is sustainable--because I have attempted their rollovers in the past and they are very difficult.
                                        Comment
                                        • Optional
                                          Administrator
                                          • 06-10-10
                                          • 61373

                                          #55
                                          .
                                          Comment
                                          • jjgold
                                            SBR Aristocracy
                                            • 07-20-05
                                            • 388179

                                            #56
                                            America Bookie is desperate marketing too

                                            Anyone that keeps pounding away big bonuses watch out
                                            Comment
                                            • Mr. NBA
                                              SBR Wise Guy
                                              • 09-08-06
                                              • 524

                                              #57
                                              ive got a hefty balance here and will be requesting a max btc withdraw this week. (hopefully 5k....if they only allow me 2k per week I'll be in it for the long haul) They told me on deposit they would let me do 5k per if I ran my balance into the 5 figures. well......here we are.


                                              Ill keep everyone posted
                                              Comment
                                              • LLXC
                                                SBR Hall of Famer
                                                • 12-10-06
                                                • 8972

                                                #58
                                                Originally posted by Mr. NBA
                                                ive got a hefty balance here and will be requesting a max btc withdraw this week. (hopefully 5k....if they only allow me 2k per week I'll be in it for the long haul) They told me on deposit they would let me do 5k per if I ran my balance into the 5 figures. well......here we are.
                                                I'm impressed you clear the rollover. I'm still chugging through mine :| I also have a decent sized balance there that I'm concerned about.
                                                Comment
                                                • Mr. NBA
                                                  SBR Wise Guy
                                                  • 09-08-06
                                                  • 524

                                                  #59
                                                  Update on my current payout situation:


                                                  Good afternoon!

                                                  Thank you for your request. In your case we would like to remind you that as company policy, we payout a max of $2000 per week.

                                                  Also, We take payout requests from Monday thru Wednesday and your request came in late last night when all the CS reps had already turned in all the payout reports.

                                                  The next available window to request a payout will be next Monday.

                                                  Thank you for understanding. Have a good one.

                                                  Best Regards,

                                                  YB Customer Service Team
                                                  1-888-704-1576 CS Toll Free
                                                  1-909-266-3161 Text Only
                                                  customerservice@youbetonit.eu



                                                  I will give another update Monday/Tuesday of next week. Best of luck this weekend everyone.
                                                  Comment
                                                  • Mr. NBA
                                                    SBR Wise Guy
                                                    • 09-08-06
                                                    • 524

                                                    #60
                                                    An update a little sooner than expected. The folks over at Youbetonit made a exception for me on the tardiness of my request yesterday. Very nice of them to reach back out and make it happen. Going forward I will make my requests in the intended window as mentioned in the email above.


                                                    Communication here at this book has been off the charts good whether its texts or emails.....(especially the texting)


                                                    Take care gang and here's to a winning week number 1.
                                                    Comment
                                                    • CanuckG
                                                      SBR Posting Legend
                                                      • 12-23-10
                                                      • 21978

                                                      #61
                                                      Let us know how it goes
                                                      Comment
                                                      • jjgold
                                                        SBR Aristocracy
                                                        • 07-20-05
                                                        • 388179

                                                        #62
                                                        Keep reports coming
                                                        Comment
                                                        • pimike
                                                          BARRELED IN @ SBR!
                                                          • 03-23-08
                                                          • 37139

                                                          #63
                                                          Originally posted by Mr. NBA
                                                          Update on my current payout situation:


                                                          Good afternoon!

                                                          Thank you for your request. In your case we would like to remind you that as company policy, we payout a max of $2000 per week.

                                                          Also, We take payout requests from Monday thru Wednesday and your request came in late last night when all the CS reps had already turned in all the payout reports.

                                                          The next available window to request a payout will be next Monday.

                                                          Thank you for understanding. Have a good one.

                                                          Best Regards,

                                                          YB Customer Service Team
                                                          1-888-704-1576 CS Toll Free
                                                          1-909-266-3161 Text Only
                                                          customerservice@youbetonit.eu



                                                          I will give another update Monday/Tuesday of next week. Best of luck this weekend everyone.
                                                          Thought they were paying out 4 G a week starting Sept.

                                                          This is concerning
                                                          Comment
                                                          • stevex
                                                            SBR Hall of Famer
                                                            • 05-02-10
                                                            • 5122

                                                            #64
                                                            Originally posted by pimike
                                                            Thought they were paying out 4 G a week starting Sept.

                                                            This is concerning
                                                            Just stick to the Heritage’s and BetOnline’s of the world then. Youbetonit has and continues to pay. Move on with your life.
                                                            Comment
                                                            • pimike
                                                              BARRELED IN @ SBR!
                                                              • 03-23-08
                                                              • 37139

                                                              #65
                                                              Originally posted by stevex
                                                              Just stick to the Heritage’s and BetOnline’s of the world then. Youbetonit has and continues to pay. Move on with your life.
                                                              Lol

                                                              You don’t like facts. If they lie why fund them?
                                                              Comment
                                                              • crystlpointballr
                                                                SBR Rookie
                                                                • 08-09-21
                                                                • 13

                                                                #66
                                                                duplicate
                                                                Comment
                                                                • crystlpointballr
                                                                  SBR Rookie
                                                                  • 08-09-21
                                                                  • 13

                                                                  #67
                                                                  Originally posted by pimike
                                                                  Thought they were paying out 4 G a week starting Sept.

                                                                  This is concerning
                                                                  It depends on how much the person deposited. If the poster deposited under a certain thresehold then the max weekly payout is 2k.
                                                                  Comment
                                                                  • pimike
                                                                    BARRELED IN @ SBR!
                                                                    • 03-23-08
                                                                    • 37139

                                                                    #68
                                                                    Originally posted by crystlpointballr
                                                                    It depends on how much the person deposited. If the poster deposited under a certain thresehold then the max weekly payout is 2k.
                                                                    Thanks!

                                                                    Just spoke to my buddy who loves these guys just told me same thing.

                                                                    However, I’m waiting to see somebody actually get paid 4 G a week.

                                                                    Nobody has yet.



                                                                    Comment
                                                                    • pimike
                                                                      BARRELED IN @ SBR!
                                                                      • 03-23-08
                                                                      • 37139

                                                                      #69
                                                                      Originally posted by crystlpointballr
                                                                      duplicate
                                                                      Lol

                                                                      Who is this shill???


                                                                      So obvious
                                                                      Comment
                                                                      • Mr. NBA
                                                                        SBR Wise Guy
                                                                        • 09-08-06
                                                                        • 524

                                                                        #70
                                                                        Originally posted by pimike
                                                                        Thanks!

                                                                        Just spoke to my buddy who loves these guys just told me same thing.

                                                                        However, I’m waiting to see somebody actually get paid 4 G a week.

                                                                        Nobody has yet.





                                                                        Just posted this in the payouts section Mike.....


                                                                        Book: Youbetonit

                                                                        Amount: 3k

                                                                        Method: btc

                                                                        Timeframe: under 24 hours


                                                                        Notes: Withdraws are Monday through Wednesday. I think it's best to request on Monday or Tuesday going forward as you know you will get your request in, seen, and paid. I got an email stating that I had 2k withdraw limits.....I believe that portion of the email to be a mistake tbh as I requested 3k and got 3k. ($2,970.99 when received)



                                                                        I unfortunately will not be able to comment or report back on the 4k/5k a week thing as I've gone from 5 figures to not 5 figures in a big damn hurry. The joys of gambling.
                                                                        Comment
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