I know BetJam pays but..(smaller wagerers might not like this)

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  • thechaoz
    SBR Posting Legend
    • 10-23-09
    • 12154

    #1
    I know BetJam pays but..(smaller wagerers might not like this)
    I referred a friend to the site who does not post on forums, he is just a recreational small time gambler. Well he calls me saying that he had $199.00 in his account. Apparently they only have one free cash out per month and it has to be $200.00 minimum for a fex ex check and the ** and ** fees are outrageous. He wanted to pay some bill and redeposit on Friday for a bonus/freeplay/whatever when he got paid. So he had to pay around $50. He wasn't even going to cash out the whole $199 but they made him so mad he did. Up to that point he said he enjoyed the site but hated the chat (I told him EVERYONE hates the chat lol)

    I know some ppl think $50-$100 for a "fee" isn't much but if you are a serious gambler beating the books and juice is already next to impossible, none the less fees on top of your winnings. Then uncle sam (if you claim) taking the cut.

    Well being as I joined a few months ago and have rolled up to a 4 figure balance I called and sure enough this policy is true. I'm not going to go crazy over it as I play higher and would never see myself cashing out less then $200, but many books give one free payout per month regardless of the amount (wagerchief, bet phoenix, etc).

    It's not a huge deal but I feel books like Betjam keep away smaller recreational players that would surely add the their bottom line. I know many guys that deposit couple hundo 1-2 times/week and occasionally cash out for a 100-200 to make themselves feel like winners. This just seems like a bad policy so if you bet low on games and cash out for less then $200 ever for bills or whatever I'd try another book. BOL
  • KC
    SBR MVP
    • 04-12-07
    • 1613

    #2
    They cant be sending out free fedex for withdrawals that small geez, its nice they give any free withdrawals a lot of places dont
    Comment
    • Extra Innings
      SBR Posting Legend
      • 02-26-10
      • 15058

      #3
      The policy is in place for those who reload on Friday and withdrawal on Monday. It KILLS the bottom line (it is not easy to move money nowadays) and happens more often than you would think.

      As a side note, some US banks are limiting the amount of ATM transactions for the same reason. (minimum cash withdraw per transaction)
      Comment
      • thechaoz
        SBR Posting Legend
        • 10-23-09
        • 12154

        #4
        To avoid abuse I would def make it ONCE a MONTH. You wouldn't believe the guys I know that bet 10-30 a game and just having that free withdrawal is a huge selling point. They don't seem to notice other things like 20/30 cent Mlb lines etc but places that do this it really bugs them. I understand your point EI it's just to me if wagefchief/Betphoenix can give one free ** a month, it seems like a place like Betjam could. They could even say you get one a month, and can't use it until 2 weeks after a deposit etc to avoid the problems.

        I def agree anything more then once a month would be excessive, especially for something less then $200 bones. Peace
        Comment
        • Raven66
          SBR Wise Guy
          • 09-21-09
          • 824

          #5
          Originally posted by thechaoz
          I referred a friend to the site who does not post on forums, he is just a recreational small time gambler. Well he calls me saying that he had $199.00 in his account. Apparently they only have one free cash out per month and it has to be $200.00 minimum for a fex ex check and the ** and ** fees are outrageous. He wanted to pay some bill and redeposit on Friday for a bonus/freeplay/whatever when he got paid. So he had to pay around $50. He wasn't even going to cash out the whole $199 but they made him so mad he did. Up to that point he said he enjoyed the site but hated the chat (I told him EVERYONE hates the chat lol)

          I know some ppl think $50-$100 for a "fee" isn't much but if you are a serious gambler beating the books and juice is already next to impossible, none the less fees on top of your winnings. Then uncle sam (if you claim) taking the cut.

          Well being as I joined a few months ago and have rolled up to a 4 figure balance I called and sure enough this policy is true. I'm not going to go crazy over it as I play higher and would never see myself cashing out less then $200, but many books give one free payout per month regardless of the amount (wagerchief, bet phoenix, etc).

          It's not a huge deal but I feel books like Betjam keep away smaller recreational players that would surely add the their bottom line. I know many guys that deposit couple hundo 1-2 times/week and occasionally cash out for a 100-200 to make themselves feel like winners. This just seems like a bad policy so if you bet low on games and cash out for less then $200 ever for bills or whatever I'd try another book. BOL

          Well The Greek charges flat fee of $35 for a FedEx check regardless the amount.
          Comment
          • nosniboR11
            SBR Posting Legend
            • 09-02-08
            • 10042

            #6
            hmmmmmmmm interesting , good luck
            Comment
            • SBR Lou
              BARRELED IN @ SBR!
              • 08-02-07
              • 37863

              #7
              Originally posted by thechaoz
              This just seems like a bad policy so if you bet low on games and cash out for less then $200 ever for bills or whatever I'd try another book. BOL
              Well, hypothetically if $200 in someone's sportsbook account makes the difference on whether or not they're able to pay one of their bills that month, it sounds like either fees, payment time, etc, anything would add to their anxiety. Probably that person shouldn't be gambling.

              Transactions cost sportsbooks money. A guy depositing $50, then withdrawing after he doubles or triples up and then comes back in 3 days to redeposit is not ideal. It's best to just keep X% in the sportsbook and withdraw once a month after you achieve your desired figure. Most books that charge X for a withdrawal would be more inclined to waive a fee if you gave them enough action and weren't raping the processing resources.
              Comment
              • Climate
                SBR Sharp
                • 01-22-07
                • 345

                #8
                There's got to be some give and take in these type of situations.
                Comment
                • frostno98
                  SBR Hall of Famer
                  • 09-11-07
                  • 9769

                  #9
                  All books does the same thing. Usually the minimum is $500 dollar for a free withdrawal like 5dimes. So the $200 limit is very generous. No fault in BetJam whatsoever. Don't play what you can't afford.
                  Comment
                  • bubba
                    SBR MVP
                    • 09-29-05
                    • 2432

                    #10
                    what do you think the minumum should be

                    1$? 50$? 200 seems more then fair. i cant see it being profitbale for a book to be sending out checks for such low amounts.
                    Comment
                    • Raven66
                      SBR Wise Guy
                      • 09-21-09
                      • 824

                      #11
                      Honestly ppl....go play Proline then LMAO.
                      Comment
                      • Kaabee
                        SBR MVP
                        • 01-21-06
                        • 2482

                        #12
                        why not try to win $1 in the casino. this is a +ev play since you have to pay $50 for a check. you would have to lose all $199 25% of the time before being up a dollar to be -50 ev. no way this happens at 25%.
                        Comment
                        • oldstylecubsfan
                          SBR High Roller
                          • 07-15-10
                          • 184

                          #13
                          or just bet enough to win a $1 on a huge fav...problem solved
                          Comment
                          • Doug
                            SBR Hall of Famer
                            • 08-10-05
                            • 6324

                            #14
                            Originally posted by oldstylecubsfan
                            or just bet enough to win a $1 on a huge fav...problem solved
                            Agree, certainly do this to get it over $200.
                            Comment
                            • capitalist pig
                              SBR MVP
                              • 01-25-07
                              • 4998

                              #15
                              Originally posted by Lou
                              Well, hypothetically if $200 in someone's sportsbook account makes the difference on whether or not they're able to pay one of their bills that month, it sounds like either fees, payment time, etc, anything would add to their anxiety. Probably that person shouldn't be gambling.
                              This

                              later
                              Comment
                              • Glitch
                                SBR Posting Legend
                                • 07-08-09
                                • 11795

                                #16
                                Originally posted by oldstylecubsfan
                                or just bet enough to win a $1 on a huge fav...problem solved
                                8 dollars on a -800 favorite should do the trick next time....
                                Comment
                                • sq764
                                  SBR MVP
                                  • 04-17-07
                                  • 1026

                                  #17
                                  Originally posted by thechaoz
                                  I referred a friend to the site who does not post on forums, he is just a recreational small time gambler. Well he calls me saying that he had $199.00 in his account. Apparently they only have one free cash out per month and it has to be $200.00 minimum for a fex ex check and the ** and ** fees are outrageous. He wanted to pay some bill and redeposit on Friday for a bonus/freeplay/whatever when he got paid. So he had to pay around $50. He wasn't even going to cash out the whole $199 but they made him so mad he did. Up to that point he said he enjoyed the site but hated the chat (I told him EVERYONE hates the chat lol)

                                  I know some ppl think $50-$100 for a "fee" isn't much but if you are a serious gambler beating the books and juice is already next to impossible, none the less fees on top of your winnings. Then uncle sam (if you claim) taking the cut.

                                  Well being as I joined a few months ago and have rolled up to a 4 figure balance I called and sure enough this policy is true. I'm not going to go crazy over it as I play higher and would never see myself cashing out less then $200, but many books give one free payout per month regardless of the amount (wagerchief, bet phoenix, etc).

                                  It's not a huge deal but I feel books like Betjam keep away smaller recreational players that would surely add the their bottom line. I know many guys that deposit couple hundo 1-2 times/week and occasionally cash out for a 100-200 to make themselves feel like winners. This just seems like a bad policy so if you bet low on games and cash out for less then $200 ever for bills or whatever I'd try another book. BOL
                                  I think one free cashout per month is great, compared to some places...
                                  Comment
                                  • unusialsusp5
                                    SBR MVP
                                    • 04-18-10
                                    • 4198

                                    #18
                                    the solution would be to never ask for a withdrawal. the books will like you much better if you never withdraw. they might even throw you a deposit bonus bone now and then if you never withdraw. just leave the money in there and withdrawal problems will go away.
                                    Comment
                                    • skrtelfan
                                      SBR MVP
                                      • 10-09-08
                                      • 1913

                                      #19
                                      I'm pretty sure BetJam already has the most liberal withdrawal policies of any reliable sportsbook as far as low limits are concerned. I have no problem with low rollers but you need to be realistic here, and a lot of books that had free withdrawals had their system abused by people who would withdraw one day and then redeposit two days later.
                                      Comment
                                      • mtneer1212
                                        SBR MVP
                                        • 06-22-08
                                        • 4993

                                        #20
                                        I'm a smaller player as well -- $2K bankroll, with $400 in 5 different books. If you are a small player, you should be in this for the season, taking profit payments monthly AT MOST -- if you are one of those reckless types taking shots every weekend with the whole bankroll, then maybe it is a different story. There is no reason to take very small amounts out constantly.
                                        Comment
                                        • ionutm1984
                                          SBR Rookie
                                          • 08-24-10
                                          • 28

                                          #21
                                          some european bookie free cash out is like 10 bucks and minimum depozit same
                                          Comment
                                          • thechaoz
                                            SBR Posting Legend
                                            • 10-23-09
                                            • 12154

                                            #22
                                            Ya betjam is solid i was just surprised b/c my first book was wagerchief and I get one free ** a month just for giving my sbr name. Oddly enough, ** is the most expensive option at betjam compared to ** or fedex check
                                            Comment
                                            • TobiasFunke
                                              SBR MVP
                                              • 02-12-09
                                              • 1999

                                              #23
                                              Originally posted by Glitch

                                              8 dollars on a -800 favorite should do the trick next time....
                                              Exactly...that would solve the problem. Case closed. OP's "friend" is obviously not the sharpest tool in the shed. (No offense).
                                              Comment
                                              • big joe 1212
                                                SBR Posting Legend
                                                • 06-01-08
                                                • 19380

                                                #24
                                                Most books need to be $500 for checks!

                                                BetJam is still a great place for rec players!

                                                Your friend should not be gambling if he needs the money that bad!
                                                Comment
                                                • sq764
                                                  SBR MVP
                                                  • 04-17-07
                                                  • 1026

                                                  #25
                                                  take it easy on the guy, jeez... misguided thread, yes.. but jeez
                                                  Comment
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