GP limits slashed at Matchbook

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  • pirate
    SBR High Roller
    • 05-18-08
    • 216

    #1
    GP limits slashed at Matchbook
    Matchbook has changed its daily GP deposit limits from 3000 to 200...Whats with that???
  • Keith Richard
    SBR MVP
    • 07-06-06
    • 1576

    #2
    Wow...that is not a good sign.
    Comment
    • Stacocakes
      SBR Hall of Famer
      • 04-10-08
      • 7126

      #3
      hmm why would a book slash deposit limits....you would think they would take as much money as they could get ......
      Comment
      • Peep
        SBR MVP
        • 06-23-08
        • 2295

        #4
        The reason would be they are flooded with GP, don't think it is redeemable I would imagine.
        Comment
        • coldhardfacts
          SBR Wise Guy
          • 10-19-07
          • 717

          #5
          If this change is permanent, it sadly marks the beginning of the end of Matchbook as a viable option for any serious US bettor. They don't accept ** or **, so there is virtually no practical means of depositing funds.
          Comment
          • RonPaul2008
            SBR Hall of Famer
            • 06-08-07
            • 6741

            #6
            Originally posted by coldhardfacts
            If this change is permanent, it sadly marks the beginning of the end of Matchbook as a viable option for any serious US bettor. They don't accept ** or **, so there is virtually no practical means of depositing funds.
            Bullshit, what it sounds like is they are worried about the stability of GP.
            Matchbook is solid, they consistently send out sportsbook transfers very fast and without a max.
            They also accept transfers from several highly ranked books free of charge.
            Who the **** uses GP anyhow?
            Comment
            • jackkkk2009
              SBR MVP
              • 07-13-09
              • 1183

              #7
              that really sux. why they have to cut GP's deposit limits for US players?
              Comment
              • coldhardfacts
                SBR Wise Guy
                • 10-19-07
                • 717

                #8
                Originally posted by RonPaul2008
                Bullshit, what it sounds like is they are worried about the stability of GP.
                Matchbook is solid, they consistently send out sportsbook transfers very fast and without a max.
                They also accept transfers from several highly ranked books free of charge.
                Who the **** uses GP anyhow?
                I never said they weren't solid. From my dealings with them they are as solid as they come.

                But sports bettors can't live by interbook transfers alone. And I know of no other even remotely convenient way to get money to them. In the long term, this will have a devastating effect on MB's market liquidity.

                Further, if they are worried about the stability of GP they should suspend dealings with them altogether and alert their customers, many of whom have significant balances there.
                Comment
                • BrianLaverty
                  SBR MVP
                  • 07-02-07
                  • 2183

                  #9
                  Didn't this happen about a month ago? Anyway, If nothing else, you can always use EChecks on matchbook.... but yeah, this does suck
                  Comment
                  • bookie
                    SBR MVP
                    • 08-10-05
                    • 2112

                    #10
                    [QUOTE=BrianLaverty;7555449]Didn't this happen about a month ago? \/QUOTE]

                    Yeah it did. GP ran into some ** issues and MB cut them way down. They did the same thing with the Greek a while back too, so hopefully this is just a precaution that they'll decide pretty quickly isn't necessary to continue. If not...what a quandary for ParlayMakers.
                    Comment
                    • bookie
                      SBR MVP
                      • 08-10-05
                      • 2112

                      #11
                      pirate...where did you get your info?

                      According to the site limits are $2500, and MB live chat confirmed that.
                      Comment
                      • pirate
                        SBR High Roller
                        • 05-18-08
                        • 216

                        #12
                        Originally posted by bookie
                        pirate...where did you get your info?

                        According to the site limits are $2500, and MB live chat confirmed that.


                        Strange....I'm looking at the GP deposit site on Matchbook right now and it says 200 per day, 400 per week, and 800 per month. I also contacted live chat and they confirmed it. Maybe only US customers???
                        Comment
                        • tofuman
                          SBR Wise Guy
                          • 01-11-10
                          • 887

                          #13
                          just use bank wire, you can wire as much money you want to them
                          local forum troll
                          Comment
                          • xstud
                            SBR MVP
                            • 01-12-08
                            • 1643

                            #14
                            yeah GP limits were cut, I see the same as pirate.... I think GP's attempts at becoming a true e-wallet to USA customers just will not ever happen. Most books have pretty low deposit limits monthly for GP (around 1k a month)
                            Comment
                            • bookie
                              SBR MVP
                              • 08-10-05
                              • 2112

                              #15
                              It must be a USA thing. Here is the text I see when I click on GP as a withdrawal option, and as I said chat confirmed these limits for me.

                              Comment
                              • Igetp2s
                                SBR MVP
                                • 05-21-07
                                • 1046

                                #16
                                Why does GP bother with the whole Gold gimmick. Why can't they just be a regular processor? It doesn't do anything for them.
                                Comment
                                • Trucker George
                                  SBR High Roller
                                  • 01-09-10
                                  • 194

                                  #17
                                  But sports bettors can't live by interbook transfers alone. And I know of no other even remotely convenient way to get money to them. In the long term, this will have a devastating effect on MB's market liquidity.
                                  Someone in MB's management must have a really good reason for not accepting ** and ** anymore. They used to, but no longer. There must be a direct threat from US law enforcement to ** owners or something - someone with a gun and a badge has these guys by the nuts. That is the only reason I can imagine why MB won't accept these direct money transfers from US players.

                                  This single problem I believe has already had a "devastating effect" on MB's markets. Players don't like to jump through multiple hoops to make a deposit. GP is an additional hoop, but at least it worked. Players who are willing to jump through that additional hoop can get money in MB relatively easy. Whatever hoops are in place need to be easy to jump through and the less hoops the better.

                                  Enough jumping through hoops talk.

                                  The bigger "devastating effect" to MB markets' liquidity has already occurred and that happened in 2007 when NETELLER when down for US players. I believe betting exchanges (with MB at the forefront for US players) were set to be the wave of the future at that time. Players were just learning about how to use exchanges and how awesome super low juice can be. Players recognized that traditional books were still necessary for some types of bets that exchanges are not well suited for, but as far as straight bets against the spread, moneylines and totals are concerned, I think there was a major shift getting ready to happen in which many, many players would have begun cutting out the bookie via exchange betting. If it was still easy to move money as it was pre-2007, not only would MB be thriving, but I am sure a host of other betting exchanges catering to US players would have sprung up as well. When moving money became less easy than clicking your mouse, only MB was established enough to survive.

                                  But woulda, coulda, shoulda is usually not productive thinking. And what would have been or should have been is not reality. We US players live in a UIGEA, no-NETELLER world where our government is waging a silent war against online gambling and no one cares, except the very few sportsbettors who are trying to survive in this hostile and full of bullshit environment.
                                  Comment
                                  • pirate
                                    SBR High Roller
                                    • 05-18-08
                                    • 216

                                    #18
                                    Originally posted by tofuman
                                    just use bank wire, you can wire as much money you want to them


                                    They don't accept B of A wires
                                    Comment
                                    • pirate
                                      SBR High Roller
                                      • 05-18-08
                                      • 216

                                      #19
                                      [quote=bookie;7570839]It must be a USA thing. Here is the text I see when I click on GP as a withdrawal option, and as I said chat confirmed these limits for me.

                                      [/quoteYou are looking at withdrawals....I was referring to deposit limits....although it seems strange such a difference in the two.
                                      Comment
                                      • gafl
                                        SBR Wise Guy
                                        • 08-07-06
                                        • 656

                                        #20
                                        With all the problems the USA has, sports gambling should rank low on its priority list.
                                        Comment
                                        • Trucker George
                                          SBR High Roller
                                          • 01-09-10
                                          • 194

                                          #21
                                          Originally posted by pirate
                                          They don't accept B of A wires
                                          B of A has been way over the top in their response to the UIGEA. They have gone above and beyond what the law requires for compliance. I'm basing this opinion from just what I remember reading in the forums over the last few years about this bank. Someone at that place must really have a thing against online gambling to take it as far as they have. Maybe their CEO is a bible-thumping "gambling is evil" believer or something, but not only wouldn't I use that bank for anything gambling-related, I wouldn't use them, period.
                                          Comment
                                          • coldhardfacts
                                            SBR Wise Guy
                                            • 10-19-07
                                            • 717

                                            #22
                                            Originally posted by gafl
                                            With all the problems the USA has, sports gambling should rank low on its priority list.
                                            Yea, well, one of the reasons we have all of the problems we do is because the Govt has decided that things like sports gambling, pot smoking, tax cuts for billionaires etc., are a high priority.
                                            Comment
                                            • ABEHONEST
                                              SBR Hall of Famer
                                              • 06-27-09
                                              • 9470

                                              #23
                                              I've already slammed GP for many reason that I don't care to discuss any longer!

                                              Two words will describe my experience with them:

                                              They SUCk!
                                              Comment
                                              • testudo
                                                SBR High Roller
                                                • 09-07-10
                                                • 176

                                                #24
                                                Who currently owns Matchbook?
                                                Comment
                                                • actionjunkee
                                                  SBR High Roller
                                                  • 11-15-10
                                                  • 124

                                                  #25
                                                  i'm really bugged about this matchbook stuff. do you know how many hours i have searched, studied, read the fine print (on *******, matchbook, xoom, bookmaker, and more).... sheesh its probably been over 20 hours in the last month!! its so F-ing frustrating! just trying to make a deposit!
                                                  what is the deal? if i was a high roller, and had patience to wait 2 weeks for the money to get to them, it would be ok (they say bank wires take 14 days). but i dont have cash; i have credit, and its frickin impossible to use it there (their credit card deposit method has been down for months and seems it won't come back).

                                                  i guess to use matchbook ya just gotta bite the bullet and do a bank wire (and have like $1,500 cash to spare/send, to avoid fees)... tired of this, back to the high vig for me!

                                                  ...didnt mean to just vent... question: does anyone know of an easy/cheap way to deposit there by credit card, a small amount, like $200 to $500? thanks
                                                  Comment
                                                  • actionjunkee
                                                    SBR High Roller
                                                    • 11-15-10
                                                    • 124

                                                    #26
                                                    (why the heck do they block out the word 'g.ol.d. pa.y') also if you're wondering about them (GP), it appears even there you can barely deposit now... go to their site, create an account, and all the funding options are blocked out... wtf. ha. over it
                                                    Comment
                                                    • Scooter
                                                      SBR MVP
                                                      • 01-15-07
                                                      • 1159

                                                      #27
                                                      actionjunkee - "what is the deal? if i was a high roller, and had patience to wait 2 weeks for the money to get to them, it would be ok (they say bank wires take 14 days)."

                                                      Info about International Bank Wires from ebay's site - "How long does it take to receive? It varies. 1, 2, 3, and 5 days. My experience is that 2-3 days is an average."

                                                      That's my experience also. (Other than the time it got lost for weeks which turned out to be a screwup on the book's part - they'd inputted the wire number or my name incorrectly upon receipt and couldn't connect it to me until they finally woke up).
                                                      Comment
                                                      • Igetp2s
                                                        SBR MVP
                                                        • 05-21-07
                                                        • 1046

                                                        #28
                                                        Theres no excuse for taking 14 days for crediting a bank wire. It never should take more than 3 business days.
                                                        Comment
                                                        • BrianLaverty
                                                          SBR MVP
                                                          • 07-02-07
                                                          • 2183

                                                          #29
                                                          Originally posted by Trucker George
                                                          B of A has been way over the top in their response to the UIGEA. They have gone above and beyond what the law requires for compliance. I'm basing this opinion from just what I remember reading in the forums over the last few years about this bank. Someone at that place must really have a thing against online gambling to take it as far as they have. Maybe their CEO is a bible-thumping "gambling is evil" believer or something, but not only wouldn't I use that bank for anything gambling-related, I wouldn't use them, period.
                                                          I have BkofAma account just for gambling and never once had a problem with it.... Wires, transfers and echecks all go through with no problems at all...
                                                          Comment
                                                          • Johnnythunder
                                                            SBR MVP
                                                            • 11-25-10
                                                            • 2161

                                                            #30
                                                            BkofAma is not a place i would trust
                                                            Comment
                                                            • Legions36
                                                              SBR MVP
                                                              • 12-17-10
                                                              • 3032

                                                              #31
                                                              Gpay is way to much money anyway just to put our hardearned money in there 2% plus more to take out of there and to load into there. Been there and wont go back. Book2book best way for sure and its free. But its good to at least have Gpay incase of emergency!!
                                                              Comment
                                                              • Scooter
                                                                SBR MVP
                                                                • 01-15-07
                                                                • 1159

                                                                #32
                                                                B of A stopped handling Wikileaks' account.

                                                                Their stock is down - Wiki has stated that they are soon going to release a massive amount of internal documents from a major US bank, detailing illegal/unethical activities.
                                                                It's widely believed that the bank is B of A.

                                                                Support Wikileaks, and at the same time stop being hassled by B of A for your gambling transactions - close your account there.


                                                                "Wikileaks Warns on BkofAma: ‘Place Your Funds Somewhere Safer’ "

                                                                "It is not clear exactly what information Wikileaks possesses, but it has been rumored that one of the banks involved in the upcoming megaleak will include BkofAma. According to Assange the bank leak will, “give a true and representative insight into how banks behave at the executive level in a way that will stimulate investigations and reforms.”

                                                                We won’t know until the release happens - if it happens - how serious of an issue it will be for BkofAma, but based on today’s Twitter posts this reinforces the theory that BofA is the likely target and whatever Assange has on the company in terms of confidential documents and emails may be enough to seriously impact BkofAma’s business."

                                                                Comment
                                                                • maxvalue1
                                                                  SBR Sharp
                                                                  • 11-08-10
                                                                  • 350

                                                                  #33
                                                                  can you just send cashiers check via fedex?
                                                                  Comment
                                                                  • xstud
                                                                    SBR MVP
                                                                    • 01-12-08
                                                                    • 1643

                                                                    #34
                                                                    GPay is run by amateurs
                                                                    Comment
                                                                    • maxvalue1
                                                                      SBR Sharp
                                                                      • 11-08-10
                                                                      • 350

                                                                      #35
                                                                      [COLOR=#000000 !important].......can you just send cashiers check via fedex?[/COLOR]
                                                                      Comment
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