What happens if a book scams you or doesn't pay?

[Cappinpicks]

What recourse do you have? if say 5dimes rips you off

[Hareeba!]

1. you could ask for SBR's assistance to negotiate on your behalf
2. you can report it to the regulator/licensing authority in the relevant jurisdiction (or independent arbiter, if any, such as IBAS in the UK.)
3. as a last resort (expensive) take legal action to recover what's due to you

[trumpdown]

What recourse do you have if/when this happens? File a complaint to the proper channels, if none exist file complaint with SBR. Last resort try and scalp out.

5Dimes would be one of the last to rip anyone off.

[thebestthereis]

5dimes is not ripping you off, it is to their best interest just like any legit book to pay you so you come back, then you give it all back cause that is likely what is going to happen.

[Hareeba!]

5dimes is not ripping you off, it is to their best interest just like any legit book to pay you so you come back, then you give it all back cause that is likely what is going to happen.

so many people just fail to read what is actually said before launching into responses!

[craigpb]

5dimes is usually pretty good. Asking SBR should get you most of the answers.

[GGZOLA]

how would you scalp out of a book, what if you keep winning on the book your trying to lose at?

[trumpdown]

how would you scalp out of a book, what if you keep winning on the book your trying to lose at?

Good question. One I am mulling over myself with WSEX. LAST resort means LAST RESORT this is a varying question for everyone.

You may have to forget a clean scalp. I personally could live with a net loss 10% from a book taking several months / half a year to complete pay-outs.

[Santo]

Even if you accept losses there is still the very real chance that your bets win at WSEX and lose elsewhere..

[chachi]

Caution trying the scalp-out method, many ended up with 4-figure balances at Palpamax and Betchance (to name two dodgy failed books) while attempting this same approach and doubled or trebled or more their "problem" ...

Longshots can and do win, and generally do win when trying to repatriate funds from a crap book in such a fashion ...

I wonder what their response would be if you contacted them and outright said 'keep 10% and send me the rest" ...

[acarmelo1]

first yo do some cocaine, then file a complaint with SBR

[hsjmoney]

then ure obviously beat

[lukahh]

Even if you accept losses there is still the very real chance that your bets win at WSEX and lose elsewhere..

yes. murphy's law was invented precisely for that.

[DukeJohn]

What recourse do you have? if say 5dimes rips you off

If any A or B rated book takes your money, then SBR will probably be able to fix the problem. The only time this wouldn't work is when the book is spiraling out of control and would be taking money from just about everyone at this point.

BoL,

[Hoja Verdes]

how would you scalp out of a book, what if you keep winning on the book your trying to lose at?

Yep, that's the conundrum. If you keep winning at the wrong book and develop a HUGE balance there, your only recourse then is to accept a majority ownership interest in the book in lieu of getting paid. Then, you must leave your family and life here behind and move to Costa Rica to oversee a room full of tico cubicle monkeys and learn the art of slow-paying to protect your investment.

[thespeculator]

when you send your money overseas you are taking a risk , the books best advertising is when they pay their players on time in full, but there isn't much you can do if you get scammed

[scott235]

the only thing I know of is prevention. get all payout requirements in writing via email so you can pin them down to a straight answer.