Beted.com $200,000 Payout Report. Advice is welcomed.

[BrianLaverty]

Great post for people to understand the value of reading the rules. As for the OP, Congrats and outstanding!! The only thing at this point is I am surprised they are allowing you to continue betting parlays. I would think after a hit like that, they would only allow you straight betting. However, this industry is always full of surprises Anyway, congrats again and Best of Luck,

Believe me... they aren't doing this to give him a chance to win more... They are doing this because they know that anyone who is ballsy (or other words, but I'm gonna be kind) to bet 500 on a 10 team parlay has a good chance of giving back at least half of that money that he won.

I remember I went on a heater last year at 5dimes... was up 50k.... well, with all the talk here about how 5dimes limits you so quick... i call up one day when i was on vacation.. i say, how much can i put on a parlay?? She checked with her manager, she came back on the phone and told me i could bet my whole balance if i wish.

Books make moves like this for one reason... they think he got lucky and that he'll lose it all back over time.

[Doug]

OP did the right thing ( here) going to the forums,I'd let him keep betting ( minus the correlated flaw) to the limits.

He certainly should take the 3k a week and not go crazy overbetting.

[tropolis]

this is all speculation though. i mean, none of us really know if this is legit or not. people going back and forth. some say shill, some congratuling. i am in the middle on this.

guess in the end there is no way to know if this is real or not. there is nothing that can determine it outside of a screen shot on a bank account, but no way anyone will post that.

i dont know, just dont know.

[spawn]

op is one lucky man...i wish i had 200k

[hanziman]

Man, what did that feel like when you realized you hit it? Like winning the lottery (which never happens)

[Doug]

I buy the hit, just makes Beted look bad....mainly with year to collect clause.

I can see $500 10 team parlays being a stretch to believe....unless loaded with ML chalk.

Either way, I'll never play there again.

[brk]

So can anyone list few respectable books that allow parley soccer side with O/U ?

Thanks

[joe91091]

Rejected from doing so at:

The Greek
Bookmaker
5Dimes
BetJamaica
DSI
BetPhoenix
Intertops
BetOnline
Intertops
Legends
SIA
Bodog
BetUS

Tomato suggests that if you have indeed found a book that allows these correlated parlays that you keep your mouth shut about it.

Actually to my suprise, I placed like a 4 team parlay (and lost as usual lmao) and once only once I was allowed by Bodog to combine ML with O/U for same game. It may have been a mistake on their part, dont know didnt really look into it since I lost didnt really care hahaha. Does anyone have suggestions for a better rookie book than Bodog? I have no problems with them, they just have limited deposit/withdrawl options. Also, this may sound stupid but do they have people checking the forums to see if your talking **** about them? Lmao

[Tomato]

Actually to my suprise, I placed like a 4 team parlay (and lost as usual lmao) and once only once I was allowed by Bodog to combine ML with O/U for same game. It may have been a mistake on their part, dont know didnt really look into it since I lost didnt really care hahaha. Does anyone have suggestions for a better rookie book than Bodog? I have no problems with them, they just have limited deposit/withdrawl options. Also, this may sound stupid but do they have people checking the forums to see if your talking **** about them? Lmao

[joe91091]

come on dude I'm gonna lie about a 20$ bet?

[joe91091]

Bottom, Rangers MoneyLine + Rangers Under

[dimon]

if he gets paid this book should be "recomended" 4 sure

[Tomato]

come on dude I'm gonna lie about a 20$ bet?

That's not a soccer bet and in no way correlated genius.

Bodog is lucky to have you as a customer.

[joe91091]

Real lucky to make $20 haha

[DoubleEdge]

SMALL UPDATE

The Good.
Beted.com has shown awesome customer service so far.
I'm sure it has to do with the unique situation, but props to them for the awesome service, anyways. After those early 24hrs where I didn't get any response from them, and I was scared thinking I was being blown away, everything has been great. It was all validating and making sure it was a genuine winning bet.
My account is fully cleared. I can bet normally, No restrictions, All good.
The accounts manager personally called me to congratulate me and talk about my withdrawal options. All is good.

The not so Good.
Unfortunately, they will not make any exception for my account. I will not get a large lump sum of the money like I wanted. I'm forced to receive the weekly $3000 limit. That's it. Not negotiable.
Don't get me wrong, $12,000 a month will make me think my day job is a waste of time, but I had important plans that involved having the larger sum available in the coming weeks. Not happening. Move on.

The Bad
Regarding my transaction, nothing so far.
I'm not going to go all out and personally recommend the site, since I haven't received a penny yet. But everything has worked out fine so far.

They still need to fix that misleading limit in the software. I couldv'e won the same $150,000 limit making an 8 team bet and still wouldv'e won the same max $150K, but instead my odds were much worst in a 10-teamer. That glitch in the software only benefits them, and hurts the player that believes he will get the payout their software says they will win.


Sidenotes
Thanks for everyone's advice, getting an accountant is great tip.

A few things:
I WILL pay my taxes, I'm not crazy. This could turn into a horror story if I don't.
I WILL visit an accountant to clarify a few questions I still have, and to see what is my best move in this situation.
I WILL (at least for the near future) use a 2nd book for some of the betting I do. My trust in Beted.com is still good, I will still support them, but I don't want to put all my eggs in one basket. Is unlikely I will win this big again, but if I win any large bet again I would want it to be in a different book, at least for the next 12-13 months. (damn 3k limit!).


I WILL NOT be playing anymore $500 10-team parlays again, of course. I don't believe in lucky streaks. I just got lucky once.

[ProfaneReality]

dude... just calll JG Wentworth and tell him you NEED CASH NOW

[hanziman]

Let us know when you get your first 3K payout.

Will they charge a fee for each transaction because I thought it was one free withdrawl per month?

[Thrillseeker]

are you Jose C?

lol, if so, they didn't waste anytime getting your story up on their site.





betED would like to congratulate Jose C from Everett, Washington for winning a HUGE $150,000 on a 10 team multi-sport parlay Sunday night! Jose strung together a series of bets across World Cup Soccer and MLB Baseball, taking $500 and turning it into an astonishing $150,000!
We're excited for him and look forward to hearing about how is going to spend the money!
Congratulations again Jose!

[hanziman]

^^ further here is the link - http://www.beted.com/promland/0714/0...ner_JoseC.aspx

[Justin7]

Another suggestion: Don't bet in that account any more. Ask them to close it, and continue your withdrawals until the balance is cleared.

[Doug]

How many parlays did you make similar to this Jose ?

Incredible if it was your first !

[big joe 1212]

I love how they don't limit this guy but limit others to $1.

They figure if he wins more, they don't pay it until next year anyways. They are hoping you will lose some back!

[Albert Pujols]

Another suggestion: Don't bet in that account any more. Ask them to close it, and continue your withdrawals until the balance is cleared.

Exactly.

Congrats, man. But make them pay every penny they owe you. If you want to continue wagering, do so at another book and bet small. They are counting on you losing half of this, at the minimum. The house is very cocky, whether it's sportsbetting or a casino......they are watching you like a hawk and are planning on laughing their asses off at you while you piss it away. Most bettors would piss it away.

Don't give them any more action. You kicked their ass. Game over.

[coutman]

great job.. Congrats...

[DukeJohn]

dude... just calll JG Wentworth and tell him you NEED CASH NOW

I love how they don't limit this guy but limit others to $1.

They figure if he wins more, they don't pay it until next year anyways. They are hoping you will lose some back!

Ah, that is a very good observation. I was also wondering since they always seem to limit other people when they win.

[Frogger]

For all you broke bastards, just want to let you know that IF he really won this and IF he really gets paid (I have my doubts on both) that after taxes he is looking at $85-$90k, and he is not going to be able to retire and live the good life well into his 80s on this, as many of your are saying.

[chilidog]

For all you broke bastards, just want to let you know that IF he really won this and IF he really gets paid (I have my doubts on both) that after taxes he is looking at $85-$90k, and he is not going to be able to retire and live the good life well into his 80s on this, as many of your are saying.

That depends on if he kept tracking of all of his gambling losses during this year, and for the remaining of the year. He's allowed to deduct up to the amount that he won. Practically any player can pick winners 50% of the time. So he wins would negate his losses, minus the juice he pays. So as long as he keeps gambling, and winning/losing, he could deduct a rather large percentage from that $150k won, and end up paying a lot less in taxes to the govt.

[suicidekings]

I love how they don't limit this guy but limit others to $1.

They figure if he wins more, they don't pay it until next year anyways. They are hoping you will lose some back!

There is a HUGE difference between a sportsbook having a customer that hits a big parlay and one that routinely demonstrates the ability to beat the closing number. One is dangerous and the other is not.

[big joe 1212]

That depends on if he kept tracking of all of his gambling losses during this year, and for the remaining of the year. He's allowed to deduct up to the amount that he won. Practically any player can pick winners 50% of the time. So he wins would negate his losses, minus the juice he pays. So as long as he keeps gambling, and winning/losing, he could deduct a rather large percentage from that $150k won, and end up paying a lot less in taxes to the govt.

he could just go to the track and pick up losing tickets. that could be enough to erase the winnings.

[increasedodds]

If I were you, I would ask them to process $3000 per week and I would not place any additional bets at Beted.

[JerseyShop101]

Not complaining, but the guy could be making minimum $500 a month in interest if he was paid lump sum.

[robmpink]

if he gets paid this book should be "recomended" 4 sure

Are you kidding me? Top notch 3k per week?

[robmpink]

he could just go to the track and pick up losing tickets. that could be enough to erase the winnings.

I collected losing lottery scratch offs to the tune of 35k 2 years ago. I knew an owner who collected them for me.

[Mr. Peepers]

very sick story man...congrats!

[LordVodka]

Are there books that would pay the whole $200k at once?