Morbid Sportsbook related question....

Son of Sam · 02-26-10, 03:13 PM

I would venture that this happens from time to time where the balance is absorbed by the book. I mean how many gamblers leave all their login info and passwords to a loved one with detailed account balances. Most gamblers probably bet from a closet so that the spouse doesn't know.

Hareeba! · 02-26-10, 03:58 PM

Originally posted by Son of Sam

I would venture that this happens from time to time where the balance is absorbed by the book. I mean how many gamblers leave all their login info and passwords to a loved one with detailed account balances. Most gamblers probably bet from a closet so that the spouse doesn't know.

Excellent question SOS

I expect that books get lots of accounts which suddenly go dormant.
Executors surely have the right to redeem them but I expect that many wouldn't know of their existence.
Books ought to be required to write to owners of dormant accounts after say 12 months so that executors would have a chance to redeem them.
I believe that in Australia then they are obliged to send the funds to a government's receiver of unclaimed monies which is a public register which one can apply to have the funds remitted at any time pursuant to proof of entitlement.

I have given detailed written instructions to my family as to how to withdraw all funds and not to advise the books or e-wallets of my demise or incapacity so that they don't freeze accounts as banks do which would then make it a long and tedious process to then redeem them.

trumpdown · 02-26-10, 04:12 PM

Originally posted by Hareeba!

I have given detailed written instructions to my family as to how to withdraw all funds and not to advise the books or e-wallets of my demise or incapacity so that they don't freeze accounts as banks do which would then make it a long and tedious process to then redeem them.

What would be the best method for a full withdraw in this instance? One would have to keep in mind amounts concerned, but a check in your name would be more difficult to deposit if you're no longer breathing as would several ** or ** withdrawls where ID is needed. (Perhaps they sign the back of the check/s?)

I suppose many hide some of their recreations from loved ones, but this wouldn't be an issue for me.

Scooter · 02-26-10, 06:09 PM

I started a thread with this question some years ago. Someone responded " I started a thread with this same question a few years ago, and there was almost no response. People don't want to think about this issue".

I would respond the same way to you now.

All one can do is to leave a record of account number, password, etc., with an executor - spouse, significant other, friend.
Then hopefully they will be able to document it to the sportsbook, and the sportsbook will follow thru.
Leave the executor the url to this website as well, in case there's a problem perhaps SBR can help.

I can see it being tough from the book's side as well, preventing someone from scamming them. But there should be a way to convince them with documents, perhaps public records, etc.

trumpdown · 02-26-10, 06:18 PM

Originally posted by Scooter

I started a thread with this question some years ago. Someone responded " I started a thread with this same question a few years ago, and there was almost no response. People don't want to think about this issue".

Good response. Fair enough....guess we'll let this post now die. I was just randomly thinking about it, and posted as I've never heard it discussed. I wasn't sure if books have policies regarding this.

If you have a nice roll, (or any roll for that matter) in several books it is important to want a smooth release of funds in the event of the inevitable. I wouldn't want all my time and work ($$$) to be given back to the book if there was a way to avoid it.

Scooter · 02-26-10, 06:23 PM

trumpdown - "Good response. Fair enough....guess we'll let this post now die."

I didn't mean that. It's a topic worth exploring.
Just that it's also a topic that most people have trouble dealing with.

Was listening to a "Best of Howard Stern" show on Sirius last week, and he had as a guest John Lennon's first son (pre-Yoko) who wasn't left a cent, because Lennon hadn't made a will.

trumpdown · 02-26-10, 06:48 PM

You left some good advice.

A Will, UserID, and Password should hopefully suffice.

Cheers Scooter

Hareeba! · 02-26-10, 06:54 PM

Originally posted by trumpdown

What would be the best method for a full withdraw in this instance? One would have to keep in mind amounts concerned, but a check in your name would be more difficult to deposit if you're no longer breathing as would several ** or ** withdrawls where ID is needed. (Perhaps they sign the back of the check/s?)

I suppose many hide some of their recreations from loved ones, but this wouldn't be an issue for me.

No need for cheques at all
All my books will transfer funds directly to either Moneybookers or my bank account
Moneybookers transfer funds directly to my bank account
As long as they don't know I'm dead or incapacitated it should be fine
For those who don't wish their families to know, give your solicitor all the relevant details.

trumpdown · 02-26-10, 07:05 PM

Originally posted by Hareeba!

No need for cheques at all
All my books will transfer funds directly to either Moneybookers or my bank account
Moneybookers transfer funds directly to my bank account
As long as they don't know I'm dead or incapacitated it should be fine
For those who don't wish their families to know, give your solicitor all the relevant details.

Thanks Hareeba, but this was under the assumption that the bank closed/froze your account due to your passing. If this is standard procedure, (which I believe it is) so your estate if any can get worked out there won't be an opportunity to wire money in.

Scooter · 02-26-10, 08:42 PM

It's a tough subject also because it's necessary to have a lawyer and/or spouse/s.o./friend who you trust having access to your sportsbook accounts.
Hopefully everyone has at least one of those.

lukahh · 05-19-10, 04:41 AM

i read that gmail and yahoo do give access to emails to kin if they prove a person is dead. the kin would then see all the gambling patterns and saw you - the deceased - in an new shady light. which would then be partially offset when they'd go use your passwords to clear the cash