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

[lumpy19]

SMALL UPDATE

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.

While I agree they should fix it so that it doesn't allow anything over the 150k, it's your responsibility to know the rules before placing a wager.

[Justin7]

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

Pinnacle and Bookmaker. Maybe Greek.

[C.S.]

It's hard to move 100k+ these days without raising too many eyebrows.

[blix177]

Wonder how many book would have been crippled with that kinda win.

[creed]

You got ripped off

Parlay says 500 to 200,000 and they are paying you 150,000 . Because of rule 3,000 a week they should pay you the total amount . Rippoffs/ .

[Doug]

Pinnacle and Bookmaker. Maybe Greek.

I think 5Dimes and quite a few more could pay it.

[boeing power]

nice hit, gotta know the rules at your books though
and lmao at the 90% of posters that dont believe it, not everybody only bets sbr fking points losers

[spawn]

nice hit, gotta know the rules at your books though
and lmao at the 90% of posters that dont believe it, not everybody only bets sbr fking points losers

lol, agreed

[suckerforparlays]

This guy is telling the truth I got an email from BET ED saying CONGRATULATIONS to JOSE C from EVERETT WASHINGTON on his $150k PARLAY WIN

http://www.beted.com/promland/0714/0714_150000_Parlay_Winner_JoseC.aspx

[davidchong]

hard to believe.

[Full Time Hobo]

another $200k joke. DoubleEdge you could contact Portage1 ($250k from a Sportsbook.com slot game), ask him about the withdrawal options.

Lol i was thinkin the exact same thing.

Good Luck with your Winnings

[clonecat]

And the IRS is scanning Everett, Washington for everyone named Jose C. Good tax problem to have though.

[LordVodka]

How much is the tax percentage on winnings?

Will the IRS give him legal problems for winning it on online gambling?

[Climate]

I would do this if I were Beted: take out advertising on all the big forums, as well as ask the winner to open a thread on them, and pay him whatever amount he wants all at once. The advertising alone of people knowing you can kick out $150,000 all at once with little or no hassle will attract a lot of bettors.

Second, I would also offer the winner of this parlay a bonus on any amount he leaves in his account with a rollover attached to it. Say, give him a 10% or 15% bonus on $50,000 with a 5x rollover with or without a hold, depending on what the parties work out.

It's a negative that they don't pay out the entire $217,000 since their software allowed the bet. If it goes over $150,000, their software should be set up to disallow the bet to avoid bad publicity. The first thing anyone thinks when they win $217,000, and the first thing they think when they find out is that their winnings just got chopped down to $150,000 right off the bat, is "here we go with this bullsh..t again with a sportsbook finding another way not to pay a winner."

On the other hand, since the payout rules on parlays are posted, then the gambler should know the rules and make his/her bets accordingly.

My opinion is the bettor wins, you pay, period, and the payout should go according to the established payout rules. This should be true especially when they'll take in as much of your money as they can without any hassle whatsoever.

Just some thoughts.

Just some thoughts.

[thechaoz]

Wow nice, not far from your area of Washington myself. Their software should not allow a bet that is more then the maximum allowed. Obv any site and site terms and conditions can be pulled as a trump card but they are so long and vast it's really not fair and very easy to program such a restriction.

[Thomas_Garber]

BETED IS A SCAM BOOK. I HAVE READ IN THE PAST WHERE PEOPLE GOT SCREWED OVER FOR $10K TO $15k...AS IF THEY are going to pay 150K!! I also know have a personal friend who turned 2k into 13k in their book, they suspended his account and let him withdraw only 6k. Their excuse was that his account was supposed to be suspended but the manager was out of town so they did not do it on time. They suspended it because their rules state that they can close any accounts any time if they feel that the account is not profitable for them...ridiculous.

Finally this is a scam because this guy is simply touting the site. I am pretty sure the whole thing is set up by the management and ofcourse they can make imaginary payments to themselves and claim they got paid. COVERS is not a legit site when it comes to reviewing sportsbooks. Their top rated books are all problem books that are made for square bettors....it is all paid advertising. Covers can easily say that they did nothign wrong since the poster in covers is the books management itself. Covers were quick enough to run the story in their home page, the article looked like an advert for this book rather than a news of a poor guy winning $150k. Beted, betus, sportsbook, sportsbetting, sportsineteraction are all books to avoid in my opinion.

This poster is a smart shill. His negative things about the books are really an attempt trick the readers...that itself is as hill as its irrelevant and not a big deal. All books, including pinnacle allows you to play more than the max payout on the parlay. It is the bettors duty to bet within that max amount.

And about the tax....i don't see why this would be a problem. It was my understanding that if you win a paraly with 300-1 or worse odds its tax free or something like that?

[SBR Lou]

I also know have a personal friend who turned 2k into 13k in their book, they suspended his account and let him withdraw only 6k. Their excuse was that his account was supposed to be suspended but the manager was out of town so they did not do it on time.

I'm having trouble digesting that. Could your friend by any chance submit a sportsbook complaint form detailing that?

[Thomas_Garber]

I'm having trouble digesting that. Could your friend by any chance submit a sportsbook complaint form detailing that?

Lou,

It happened in 2007 to a friend of mine in Calgary (Canada) during the college football season. This guy bets only in College Football and NHL and opened an account with beted strictly to bet college football. Everything I posted is based on what he said, I don't have hard evidence....however, I believe him 100%. After his hassle with that book, he was happy to get the deposit + $4000 of the winnings. He didn't press any further. I haven't talked to him in a while but I will email him the link to the complaint form and this thread.

[chase1]

People act like it is totally impossible for this to happen. I believe it...and if it's not true who cares? It's not like everyone is running out to play there anyway. Great story and congrats.

[JerseyShop101]

And about the tax....i don't see why this would be a problem. It was my understanding that if you win a paraly with 300-1 or worse odds its tax free or something like that?

Not saying everyone here pays taxes on their winnings, but this is totally untrue. Your supposed to claim/pay taxes even if you won a $1 on a scratch off ticket.

[ZombieWolverine]

Even paying for taxes out of $200,000 should have a chunck left over ,but I could be wrong about that ,lol

[Sledge187]

Has this got paid anythig yet?

[ucbearcats1027]

not a thing i bet

[lukahh]

congrats to the winner.
good publicity for beted. although i will not open account there.
in any case, $150k is not a life changer for someone who is shilling out 500$ on a 10x parlay... it's comparable to putting 5k onto one number in roulette. and there, you'd still win 10 times more often.

[remmy358]

congrats to the winner.
good publicity for beted. although i will not open account there.
in any case, $150k is not a life changer for someone who is shilling out 500$ on a 10x parlay... it's comparable to putting 5k onto one number in roulette. and there, you'd still win 10 times more often.

that's a good point about the roulette wheel, much less juice

[jonmic]

i wanna see some scanned $3,000 checks

[Doug]

Has this got paid anythig yet?

That's the ultimate query !

Should have at least 3k by now or 6k ?

[frankthetank]

Wonder how many book would have been crippled with that kinda win.

The answer is none. Not one offshore sportsbook would payout that amount if it meant closing shop.

[LostBankroll]

LMAO how can this thread be dead? this guy won $150 k for christ sake. Did he get paid? No. I wish this was 5dimes gettign shitted on instead of Beted. Wanted to see them close the fuk down.

[davidchong]

maybe this guy turn down his half balance.....

[Frogger]

I didn't read every single post, but did this guy ever say he even got one payment ?

[LostBankroll]

LMAO how is this thread dead. **** BetEd!

[Climate]

What is the deal with this? Haven't heard nothing.

The way this guy sounded, he probably took $5000 total, closed the case, and promised not to post anything.

[LostBankroll]

Im starting to think this shit was fake. If I were the winner of this bet I would be in here giving you all updates. Especaiily since I won at BetFukinEd.

[Albert Pujols]

The guy probably lost the entire balance before getting even his $500 stake back.