WSEX slow payout should I be concerned ?

Playmaker · 01-15-11, 10:34 AM

Some people have been waiting a year and still have not been paid by WSEX...So you have a long wait ahead

Trident · 01-15-11, 10:35 AM

They have been in slow/no pay mode for about 18 months.

http://forum.sbrforum.com/sportsbooks-industry/216745-wsex-slow-payout-updates.html

Mica · 01-15-11, 11:38 AM

Awesome..... Looks like that payout isnt going to happen. This is twice within 6 months with two different books.

David · 01-15-11, 11:48 AM

SBR is hopeful players will be paid soon but we shall see.

http://forum.sbrforum.com/sportsbooks-industry/877251-reason-hope-wsex-players-may-paid-soon.html

Bill Dozer · 01-15-11, 11:49 AM

Hi Mica,

How much is your balance. The biggest balance holders are waiting the longest.

Mica · 01-15-11, 12:46 PM

It is not all that much - 600 USD

Bill Dozer · 01-15-11, 12:49 PM

Ok Mica. Shoot an email to Help@SportsbookReview.com so we can inquire on your behalf and add you to the list of delinquent payouts.

Mica · 01-15-11, 12:59 PM

Thanks for the help ! - Email sent

Bill Dozer · 01-15-11, 03:16 PM

Thanks Mica. You should first hear back by Monday and you will get updates as we do from WSEX from there.

trumpdown · 01-15-11, 04:28 PM

Spoke to CS today through chat, and was told they were working on getting "processor" issues resolved "sooner than later"

I questioned further if they really believed it. Was told "I really do" ...I can sleep soundly now knowing they are working on it.

Bill Dozer · 01-15-11, 11:16 PM

I'd say odds are you get your money. Unfortunately for the bigger balance holders there are a lot of unknowns. There is also a chance that when WSEX unloads matchbook they will be able to send some money again.

Peeig · 01-15-11, 11:22 PM

Wait, WSEX has slow pays?

obamaismyuncle · 01-16-11, 05:31 AM

Originally posted by Peeig

Wait, WSEX has slow pays?

lol

http://forum.sbrforum.com/sportsbooks-industry/216745-wsex-slow-payout-updates.html

Eagle1958 · 01-16-11, 09:48 PM

oh no not Wsex

sneak-a-peak · 01-16-11, 09:56 PM

I may have to give up wagering all together and file bankruptcy because of these crooks.

Its hard enough to win in this biz and then you have shit like this that can happen- makes it not even worth it.

Mudcat · 01-17-11, 11:03 AM

You should definitely be concerned, yes.

jackkkk2009 · 01-17-11, 11:49 AM

is WSEX using players' funds to invest another business? If not, how come they pay people so slow?

Chuck Sims · 01-17-11, 02:47 PM

Originally posted by jackkkk2009

is WSEX using players' funds to invest another business? If not, how come they pay people so slow?

WSEX has stopped paying many people altogether. They are a scam book now. Accepting players deposits to pay for business expenses. Making a token payout once in a awhile.

My guess is the WSEX owners(former stock brokers) invested players money in the market. They used to pay interest on players balances. You don't do that if players money was just sitting in a lock box. I find it no coincidence that when the market tanked, so did WSEX.

Bottom line, WSEX is not slow paying. They are stiffing people.

macb · 01-17-11, 02:53 PM

Originally posted by Chuck Sims

WSEX has stopped paying many people altogether. They are a scam book now. Accepting players deposits to pay for business expenses. Making a token payout once in a awhile.

My guess is the WSEX owners(former stock brokers) invested players money in the market. They used to pay interest on players balances. You don't do that if players money was just sitting in a lock box. I find it no coincidence that when the market tanked, so did WSEX.

Bottom line, WSEX is not slow paying. They are stiffing people.

Chuck, we don't need your "guess", please stay out of WSEX threads from now on. your point has been taken

you offer nothing to people who are tied up there. start your own garbage thread.

Chuck Sims · 01-17-11, 03:09 PM

I am giving it to you straight. WSEX owes me a hell of a lot more money than you. The sad fact is I know whats going on. At one time i had nearly a quarter of a million dollars in WSEX. Believe me, I know the facts. They are broke. WSEX refused a chance to get a loan to cover withdraw requests. They did not want to pay the juice on the loan. That decision has now cost them dearly as now their reputation is ruined.

I also know SBR Bill is clueless on this issue. Matchbook was taken over for the second time last summer. That I know.

You want to believe the BS SBR Bill throws at you, fine. Keep your head buried in the sand.

macb · 01-17-11, 06:02 PM

Originally posted by Chuck Sims

I am giving it to you straight. WSEX owes me a hell of a lot more money than you. The sad fact is I know whats going on. At one time i had nearly a quarter of a million dollars in WSEX. Believe me, I know the facts. They are broke. WSEX refused a chance to get a loan to cover withdraw requests. They did not want to pay the juice on the loan. That decision has now cost them dearly as now their reputation is ruined.

I also know SBR Bill is clueless on this issue. Matchbook was taken over for the second time last summer. That I know.

You want to believe the BS SBR Bill throws at you, fine. Keep your head buried in the sand.

Again, please keep you B.S. in your own threads know-it-all

soxwin1917 · 01-17-11, 06:27 PM

Originally posted by Chuck Sims

I am giving it to you straight. WSEX owes me a hell of a lot more money than you. The sad fact is I know whats going on. At one time i had nearly a quarter of a million dollars in WSEX. Believe me, I know the facts. They are broke. WSEX refused a chance to get a loan to cover withdraw requests. They did not want to pay the juice on the loan. That decision has now cost them dearly as now their reputation is ruined. I also know SBR Bill is clueless on this issue. Matchbook was taken over for the second time last summer. That I know. You want to believe the BS SBR Bill throws at you, fine. Keep your head buried in the sand.

If you kept a quarter million at an online book, even WSEX which in its day was as safe as any book out there, then you are what Democrats refer to as RETARDED.