Getting response from Parlaymakers

scott235 · 02-08-11, 07:15 PM

Until you hear otherwise, assume they are done, which is another reason to do only minimal deposits, if any, with a book that is less than 3 yrs old.

sideloaded · 02-08-11, 07:22 PM

why did sbr give parlaymakers a C?

durito · 02-08-11, 07:41 PM

Originally posted by sideloaded

why did sbr give parlaymakers a C?

Baffling considering their business model had 100% chance of failure.

fido007 · 02-08-11, 08:36 PM

[quote=sideloaded;8733587]why did sbr give parlaymakers a C?[/quot
why can,t we at least know what Bill Dozier knows?How do I submit a complaint?

BranchDavidian · 02-08-11, 08:49 PM

Originally posted by durito

Baffling considering their business model had 100% chance of failure.

Would you mind elaborating a little. I would have thought that an American version of Pinnacle would make a killing. The problem with Parlaymakers ( and the only reason I did not deposit there ) was their mandatory association with G o l d P a y. If you are referring to the 2% loss on every bet, then I understand what you mean.

Optional · 02-08-11, 08:50 PM

They appear to be working on the website, so maybe they hope to battle on.

I was happy being able to instantly transfer winnings into 5Dimes/Greek and just keep minimal in GP to use there. Doubt I will be happy to build up a balance in an account if they do come back to life though. Even as much as I liked them.

vanzack · 02-08-11, 08:54 PM

Originally posted by durito

Baffling considering their business model had 100% chance of failure.

Im pretty sure their business model went something like this....

Provide service to Americans who cant bet at pinnacle. Pass through all bets to pinnacle, take no risks on wagers. Make 2% commission on all winning wagers through GP (which is partners / owned by PM). The more volume, the more commission.

If the above is correct (and I would lay 10-1 it is), in theory they should be skimming 2% with no risk. Well, I guess their only risk is cashflow if they cant get paid by pinny quickly enough, but really, no risk.

It all makes perfect sense when you assume PM is one and the same as GP. It is actually an insult to anyones intelligence to try and make us believe otherwise. But all of that said, it still looks pretty risk free to me and if run right, would just be a pass-through tollbooth keeping 2% along the way.....

Thoughts?

vanzack · 02-08-11, 08:56 PM

Originally posted by BranchDavidian

Would you mind elaborating a little. I would have thought that an American version of Pinnacle would make a killing. The problem with Parlaymakers ( and the only reason I did not deposit there ) was their mandatory association with G o l d P a y. If you are referring to the 2% loss on every bet, then I understand what you mean.

Their "mandatory association" with GP was because that was the only way they made money. GP AND PM ARE ONE AND THE SAME. They simply wanted to make commission at GP, and pass through wagers at PM.

It is really the only scenario that seems logical as a business model.

durito · 02-08-11, 09:03 PM

Originally posted by vanzack

Im pretty sure their business model went something like this....

Provide service to Americans who cant bet at pinnacle. Pass through all bets to pinnacle, take no risks on wagers. Make 2% commission on all winning wagers through GP (which is partners / owned by PM). The more volume, the more commission.

If the above is correct (and I would lay 10-1 it is), in theory they should be skimming 2% with no risk. Well, I guess their only risk is cashflow if they cant get paid by pinny quickly enough, but really, no risk.

It all makes perfect sense when you assume PM is one and the same as GP. It is actually an insult to anyones intelligence to try and make us believe otherwise. But all of that said, it still looks pretty risk free to me and if run right, would just be a pass-through tollbooth keeping 2% along the way.....

Thoughts?

Part of it appeared that way. But, they were also taking MB deposits which would be worthless then to them. They also offered teasers at odds better than pinny, parlays that pinny wouldn't allow. And that best line offer, where you could ask them for 1cent better than any available line and they'd give it to you. Just didn't seem like they had any idea what they were really doing.

vanzack · 02-08-11, 09:07 PM

Originally posted by durito

Part of it appeared that way. But, they were also taking MB deposits which would be worthless then to them. They also offered teasers at odds better than pinny, parlays that pinny wouldn't allow. And that best line offer, where you could ask them for 1cent better than any available line and they'd give it to you. Just didn't seem like they had any idea what they were really doing.

Didnt know all of those details, and those might be what was the ruin of PM.

But from the moment I heard about PM, it seemed so obvious what was going on. At this point, it just seems impossible that PM and GP are not one and the same. They might have gotten off track with the stuff you list above - but it would seem to me that if Pinny was willing to cooperate - it was a no risk business model if all you did was pass through to pinny and skimmed 2% off of each bet....

JoeVig · 02-08-11, 10:07 PM

Was anyone using them via Moneybookers? Wonder how the payouts were.

_Stat_ · 02-08-11, 10:13 PM

I made one bet with them, they laid it off at Pinn. I cashed out.

Chuck Sims · 02-09-11, 02:28 PM

I fell to the floor laughing when Parlaymakers raised their small limits to $50,000 overnight.

trumpdown · 02-09-11, 03:16 PM

You knew all along didn't you Chuck.

wrongturn · 02-09-11, 03:25 PM

It also makes sense why they chose to handle bet confirmation in a very non-industry standard way, i.e. your bet is not rejected/prompted when price changes, but accepted in the new price. Although they added the option later after a long heated discussion here, but it just make you wonder why it took so long.

Chuck Sims · 02-09-11, 03:33 PM

Originally posted by trumpdown

You knew all along didn't you Chuck.

Damn, how much did you lose during football?

Dark Horse · 02-09-11, 03:51 PM

And the winner is...

SBR Forum - Sports Betting Talk - Sportsbook Review Forum

http://forum.sbrforum.com/sportsbooks-industry/923701-books-might-fail-after-superbowl-2011-a.html

Sports betting and handicapping forum: discuss picks, odds, and predictions for upcoming games and results on latest bets.

sideloaded · 02-09-11, 06:50 PM

Originally posted by durito

Part of it appeared that way. But, they were also taking MB deposits which would be worthless then to them. They also offered teasers at odds better than pinny, parlays that pinny wouldn't allow. And that best line offer, where you could ask them for 1cent better than any available line and they'd give it to you. Just didn't seem like they had any idea what they were really doing.

Bingo

Igetp2s · 02-09-11, 11:10 PM

Originally posted by vanzack

Im pretty sure their business model went something like this.... Provide service to Americans who cant bet at pinnacle. Pass through all bets to pinnacle, take no risks on wagers. Make 2% commission on all winning wagers through GP (which is partners / owned by PM). The more volume, the more commission. If the above is correct (and I would lay 10-1 it is), in theory they should be skimming 2% with no risk. Well, I guess their only risk is cashflow if they cant get paid by pinny quickly enough, but really, no risk. It all makes perfect sense when you assume PM is one and the same as GP. It is actually an insult to anyones intelligence to try and make us believe otherwise. But all of that said, it still looks pretty risk free to me and if run right, would just be a pass-through tollbooth keeping 2% along the way..... Thoughts?

They changed their model a few months ago where you didn't have to withdraw to GP after every winning wager, you can deposit to PM from GP and let is sit there until you want to cash out, thus avoiding the 2% on every winning wager. How does that fit into your theory?

erickvivar · 02-09-11, 11:26 PM

Does SBR has any info on this matter? I mean they were quick on praising the site before and they had a C+, so Im certain they did their homework, I mean, no phone, chat removed, email only certain days, grading sporadically... solid C+.

(yeah, i'm losing money on GP that is why i have a bit of a negative attitude right now)

Doug · 02-10-11, 12:20 AM

I agree with Chuck about the huge raise in limits when it looked like they had 10 customers.

BigDaddy · 02-10-11, 12:58 AM

Originally posted by Chuck Sims

I fell to the floor laughing when Parlaymakers raised their small limits to $50,000 overnight.

yeah that was a no brainer

austin · 02-10-11, 01:13 AM

Originally posted by JoeVig

Was anyone using them via Moneybookers? Wonder how the payouts were.

moneybookers withdrawals were instant, low amounts though (150-200USD)

Dark Horse · 02-10-11, 01:40 AM

Originally posted by erickvivar

Does SBR has any info on this matter? I mean they were quick on praising the site before and they had a C+, so Im certain they did their homework, I mean, no phone, chat removed, email only certain days, grading sporadically... solid C+.

They were downgraded from C to C- on 1/14/11.

Optional · 02-10-11, 01:44 AM

Originally posted by erickvivar

Does SBR has any info on this matter? I mean they were quick on praising the site

They were very slow to accept them and I've never seen and SBR rep praise them.

I'm hoping Parlaymakers wasn't one and the same with GP and might be back. Max was a good guy and it was the most player friendly offshore book I've tried by a mile.

Is anyone with a funded account still placing bets there?

Dark Horse · 02-10-11, 01:54 AM

Originally posted by Optional

They were very slow to accept them and I've never seen and SBR rep praise them.

I'm hoping Parlaymakers wasn't one and the same with GP and might be back. Max was a good guy and it was the most player friendly offshore book I've tried by a mile.

If Max was such a good guy he would be clarifying things here now.

Optional · 02-10-11, 03:12 AM

And will doing that gain your approval as a decent human being?

The guy was trying to run a fair player focused book. People can call him all sorts of names or ridicule his business model as much as they like, but there are hundreds of posts here that show he was trying hard to do the "right thing" at every obstacle.

Legions36 · 02-10-11, 10:38 AM

Wow this place went to sh-its in a hurry.

Legions36 · 02-10-11, 10:43 AM

Originally posted by Optional

And will doing that gain your approval as a decent human being?

The guy was trying to run a fair player focused book. People can call him all sorts of names or ridicule his business model as much as they like, but there are hundreds of posts here that show he was trying hard to do the "right thing" at every obstacle.

Doing the write thing by gassing people up about this and that and then slowpaying people to the point where they dont even think there gonna get there money. I think people are still owed pretty large amounts for months now and he wont even respond for weeks at a time, real great guy and book. U can't even know how the withdraw is going because u can't get a hold of anyone, He was there before no matter what responding to anything. But like u sayed he was trying to do the right thing.

bookie · 02-10-11, 10:43 AM

Originally posted by Optional

The guy was trying to run a fair player focused book. People can call him all sorts of names or ridicule his business model as much as they like, but there are hundreds of posts here that show he was trying hard to do the "right thing" at every obstacle.

What strikes me is that he lost faith in his business model. As I understood it he was going to communicate with players. It was pretty clear that he got frustrated with the conversation, and didn't really know how to have it. If he had been more upfront with players about GP, and about his difficulties making site improvements, and about his payment issues he would have been a lot better off. I think he started pouting, and underestimated how much good will he was creating by being on this site regularly.

He also once said something about SBR telling him he needed an arrangement with them to continue his promotional efforts here, so maybe that played into it.

trumpdown · 02-10-11, 01:14 PM

Originally posted by Chuck Sims

Damn, how much did you lose during football?

You want to know the moment I knew Chuck? The moment I knew was before PM even existed. How is that..well read some of Max's posts pre-PM He clearly had his own motives in regards to MB and GP...and of course at first discreetly pumping PM and later deliberately.

SBR Lou · 02-10-11, 01:18 PM

Originally posted by bookie

He also once said something about SBR telling him he needed an arrangement with them to continue his promotional efforts here, so maybe that played into it.

Max asked permission to display the SBR Sportsbook Complaint form on his website, and was granted it as all sportsbooks are who wish to make themselves available for mediation. Unfortunately, once players have filed those complaints, Max has been difficult to reach.

Instead of taking his time to write falsehoods about SBR, I think we all are hoping Max starts answering players about their funds.

Dark Horse · 02-10-11, 01:36 PM

Originally posted by Optional

And will doing that gain your approval as a decent human being?

The guy was trying to run a fair player focused book. People can call him all sorts of names or ridicule his business model as much as they like, but there are hundreds of posts here that show he was trying hard to do the "right thing" at every obstacle.

I got a bridge somewhere for you. How would you like it?

Max used the forum for free advertising, and used the term 'binding SBR arbitration' to gain trust. And now that people are concerned about never seeing their money he's nowhere to be found.

I don't give a f*ck if he's a 'decent human being'. Just let him prove he's not a scam artist.

BigDaddy · 02-10-11, 03:03 PM

still would like to know how they ever got a C rating????