Betmaker Review - In progress

[unclebuzz1]

I'd like to discuss whether there's any way to get money into Betmaker without incurring a fee. Please limit the discussion to the subject of deposits only and discuss the subject without the customary name calling. Questions on other subjects will be asked at a later time. Please make it clear whether your comments come from actual experiences with either Betmaker and Bookmaker or whether they are only something that you read or heard about. Here's my understanding on the subject ...

1) Betmaker has a fee to deposit funds.

2) Bookmaker has NO fee to deposit funds.

3) Transfers between Bookmaker and Betmaker have NO fee.

Therefore, it is possible to get funds into Betmaker without a fee (although there will be rollover requirements which will take time to accomplish).

[unclebuzz1]

New revelation ... this is taken directly from the Betmaker Banking option ...


Fees:

• Due to the narrow margins in Betmaker we are unable to absorb the cost of transaction fees. Applicable fees will be shown when you process your transaction.
• If you use your CC, you must wait 21 days before you can request a withdrawal.
• Customers will be paid out by Cashier's Check or by the method of deposit (when available).
• Customers will cover all fees for withdrawals of less than $100.
• Please allow 5-21 business days for ALL withdrawals.

descriptor: "B-MAKER 866 905 2224"


Is this what has been described (umpteen pages ago) as "Betmaker charges a fee to deposit"? This sounds more like Betmaker won't reimburse the third-party processor's fee (such as payment made to W/U or M/G).


Has anyone (besides Todd) ever made a deposit? Was there a fee paid to Betmaker or was it that Betmaker wouldn't reimburse what was paid to the third-party processor (such as W/U or M/G)?

[wrongturn]

** gram deposit over 300 should have fee covered, as for mine a year ago. You may want to verify about current policy. As for transfer to betmaker, you need two cashouts on other methods before you can do b2b. Again ask them.

Why not use live chat to ask bookmaker directly?

[unclebuzz1]

Why not use live chat to ask bookmaker directly?

I'm trying to find the least expensive way to get money into and out of Betmaker, both for myself and others concerned about what's been presented here as prohibitive fees. Earlier in this thread there was much confusion over these points. Unless I'm mistaken, the concensus was that 1) Betmaker charges a percentage of the deposit to make the deposit, 2) that Bookmaker charges a $50/$65 fee to get money out of Bookmaker using any method (including transferring to Betmaker) and 3) that Betmaker has a $50 fee to get money out of Betmaker. My next question was going to be regarding the line above that says "Customers will cover all fees for withdrawals of less than $100." This seems to imply that withdrawals more than $100 are covered by Betmaker. In my latest revelation, it seems as though it might be as easy as paying a $10 fee to W/U or M/G and no fee to withdraw. Yes, I could ask a live operator but I'd rather get the info/opinion from someone that's actually gone thru the process recently rather than an operator that's reading it off their computer screen and giving me their interpretation of what it says. I'd also like to get the conversation back on track to promote Betmaker rather than the never-ending personal attacks. GL

[wrongturn]

Well, the definite answer should come from bookmaker because their policy change from time to time. Also they treat "non-recreational" differently on fees. So yes, you need really to ask them.

[todd73nj]

Todd, stop the constant comparison of Betmaker to MB.

You're not going to convince anyone outside the US that Betmaker is better than MB was or is. It could be in the future. What's important to you is not necessarily important to others.

MB doesn't exist for anyone inside the US. You're running a negative ad campaign against a dead entity. It's like comparing Betmaker to a ghost. It's a non-issue for US players.

Promote Betmaker on it's own merits. It IS the best option for an exchange for US players but not because it's better than MB. It's because it's the ONLY option available for US players.

GL

.

Well then you are making no sense. Being an in game player, as I am, Betmaker dwarfs anything MB ever was for live betting. Isnt that its own merits?

is your universe actually bigger than the US? No one but US players and scalpers give a **** about college sports in general, and no book but US books have the highest handle in March every year.

So once again - if March is BY FAR the largest handle month in Las Vegas, or any sportsbook - then does that make the US the biggest sports gambling market in the world?

If your statement is true, it clearly does. So everything should care what the players in the USA wager on.

[todd73nj]

I deposited via wire and incurred no fees. If that has changed, Im not sure, bec I have not had to deposit in quite some time.

[unclebuzz1]

I spoke with CS at both Bookmaker and Betmaker today regarding fees. I called back a 2nd time and confirmed what I was told.

Deposits ...

At Bookmaker ... No fee for P2P or wire deposits. P2P processor fees are reimbursed for deposits of $300 or more and wire fees are reimbursed for deposits of $2,500 or more.

At Betmaker ... A flat fee of $15 for P2P deposits. A flat fee of $50 for wire deposits and processor fees are not reimbursed using either method.

Book-to-book transfers ...

At Bookmaker ... A flat fee of $100 for transfers both into or out of Bookmaker for amounts between $500 and $5,000; a flat fee of $200 for amounts between $5,000 and $10,000. (This includes transfers into and out of Betmaker.)

At Betmaker ... no fee for transfers into or out of Betmaker but the only book-to-book transfer is with Bookmaker. (Note the fees going into and out of Bookmaker outlined above.)

Withdrawals ...

At both Bookmaker and Betmaker ... A flat fee of $60 for P2P for amounts between $100 and $300 on the low end and a flat fee of $150 for amounts between $2,000 and $2,500 on the high end. Accordingly between those 2 extremes.

At both Bookmaker and Betmaker ... wire fees are set by the bank used.

At Bookmaker ... One (1) free check using regular mail per 30 days for amounts between $300 and $3,000. A flat fee of $65 for additional withdrawals by check made within 30 days and uses F...., D.., or U.. only. (No additional checks by regular mail).

At Betmaker ... A flat fee of $65 for all checks and uses F...., D.., or U.. only. (No checks by regular mail).

One additional note ...

A transfer from my/your book to Bookmaker to Betmaker (or the other way around) requires a Bookmaker account, must meet Bookmaker's rollover requirements and Bookmaker charges both incoming and outgoing fees (as outlined above) for going through them.

Don't shoot the messenger if what they told me is not 100% accurate.

.

[hhsilver]

Unclebuzz,

Thanks for that info.
I hope things are still the same with Diamond (DSI). I opened my betmaker acct with a free transfer from DSI not very long ago. What you say about a transfer from bookmaker worries me because I think early in this thread it was noted that a transfer to/from betmaker from/to bookmaker were free.

[noyb]

So once again - if March is BY FAR the largest handle month in Las Vegas, or any sportsbook - then does that make the US the biggest sports gambling market in the world?

If your statement is true, it clearly does. So everything should care what the players in the USA wager on.

once again, March ISN'T the largest handle month for any sportsbook. sorry, but that's just plain bs. i'm sure it is for vegas and US facing books, but it just isn't for all others.

[unclebuzz1]

Unclebuzz,

Thanks for that info.
I hope things are still the same with Diamond (DSI). I opened my betmaker acct with a free transfer from DSI not very long ago. What you say about a transfer from bookmaker worries me because I think early in this thread it was noted that a transfer to/from betmaker from/to bookmaker were free.

I just spoke with Betmaker CS. They said all transfers have to go through Bookmaker and it's not a recent policy change. Call Bookmaker/DSI CS, give them your details and ask why it was free at that time and/or if that method is still free today. Post your findings here. I'm sure we'd all be interested in hearing the answer.

BTW ... Would you care to give us any positive/negative feedback on Betmaker since joining them?

.

[todd73nj]

I spoke with CS at both Bookmaker and Betmaker today regarding fees. I called back a 2nd time and confirmed what I was told.

Deposits ...

At Bookmaker ... No fee for P2P or wire deposits. P2P processor fees are reimbursed for deposits of $300 or more and wire fees are reimbursed for deposits of $2,500 or more.

At Betmaker ... A flat fee of $15 for P2P deposits. A flat fee of $50 for wire deposits and processor fees are not reimbursed using either method.

Book-to-book transfers ...

At Bookmaker ... A flat fee of $100 for transfers both into or out of Bookmaker for amounts between $500 and $5,000; a flat fee of $200 for amounts between $5,000 and $10,000. (This includes transfers into and out of Betmaker.)

At Betmaker ... no fee for transfers into or out of Betmaker but the only book-to-book transfer is with Bookmaker. (Note the fees going into and out of Bookmaker outlined above.)

Withdrawals ...

At both Bookmaker and Betmaker ... A flat fee of $60 for P2P for amounts between $100 and $300 on the low end and a flat fee of $150 for amounts between $2,000 and $2,500 on the high end. Accordingly between those 2 extremes.

At both Bookmaker and Betmaker ... wire fees are set by the bank used.

At Bookmaker ... One (1) free check using regular mail per 30 days for amounts between $300 and $3,000. A flat fee of $65 for additional withdrawals by check made within 30 days and uses F...., D.., or U.. only. (No additional checks by regular mail).

At Betmaker ... A flat fee of $65 for all checks and uses F...., D.., or U.. only. (No checks by regular mail).

One additional note ...

A transfer from my/your book to Bookmaker to Betmaker (or the other way around) requires a Bookmaker account, must meet Bookmaker's rollover requirements and Bookmaker charges both incoming and outgoing fees (as outlined above) for going through them.

Don't shoot the messenger if what they told me is not 100% accurate.

.

Great info. Did you suggest they post it somewhere clearly for all to read? lol

[todd73nj]

once again, March ISN'T the largest handle month for any sportsbook. sorry, but that's just plain bs. i'm sure it is for vegas and US facing books, but it just isn't for all others.

I have posted it before in this thread, with a link. Feel free to scroll back. And feel free to post up your info, Id love to read it.

I guess maybe the World Cricket championships pull more gamblers in? lol

[noyb]

I have posted it before in this thread, with a link. Feel free to scroll back. And feel free to post up your info, Id love to read it.

I guess maybe the World Cricket championships pull more gamblers in? lol

could you actually provide the link? this thread is 33 threads of pointless bitching, i'm not really looking to spend an hour or 3 having to read that all back.

worldwide soccer is the biggest betting sport by far, much bigger than any of the US sports. The Asian betting market dwarfs the US betting market. and yes, cricket is way way bigger than any college sport. you can't be serious about disputing this? do you really want me to find you URL's because you refuse to believe this, and think anybody in the world outside of the US cares about collegekids nobody ever heard of?

[offshoregenius77]

could you actually provide the link? this thread is 33 threads of pointless bitching, i'm not really looking to spend an hour or 3 having to read that all back.

worldwide soccer is the biggest betting sport by far, much bigger than any of the US sports. The Asian betting market dwarfs the US betting market. and yes, cricket is way way bigger than any college sport. you can't be serious about disputing this? do you really want me to find you URL's because you refuse to believe this, and think anybody in the world outside of the US cares about collegekids nobody ever heard of?

The point is that MB cant match betfair or even betdaq, and they were nuts to leave. As stupid as cricket is, it does have a bigger ww handle, but SO many bookies going after that action.

[backdoorcover777]

MB is dead in the water. Just face it. As for Betmaker, there has been some decent NFL action, but they have nothing in Hoops or Hockey, and Baseball was sh**t. The one thing you know with betmaker is you will get paid... Thats the only redeeming quality.

[wrongturn]

I just did a transfer to bookmaker last week without fee, but I am not surprised if it just changed, or different to players, or just clueless CS, because all 3 cases happened before.

[todd73nj]

could you actually provide the link? this thread is 33 threads of pointless bitching, i'm not really looking to spend an hour or 3 having to read that all back.

worldwide soccer is the biggest betting sport by far, much bigger than any of the US sports. The Asian betting market dwarfs the US betting market. and yes, cricket is way way bigger than any college sport. you can't be serious about disputing this? do you really want me to find you URL's because you refuse to believe this, and think anybody in the world outside of the US cares about collegekids nobody ever heard of?

I can scroll back when I have time. But I can easily be proven wrong by your link I guess, right? Post it up.

[todd73nj]

The point is that MB cant match betfair or even betdaq, and they were nuts to leave. As stupid as cricket is, it does have a bigger ww handle, but SO many bookies going after that action.

But on MB it doesnt trade a single $1 in game. In fact - since they dumped US players - I dont even think there has been an in game bid or offer on any sport.

[the sink]

Strange that i got some nice bets in-game in the NBA playoffs then...

But u know it all...

Or u don't know shit

[noyb]

I can scroll back when I have time. But I can easily be proven wrong by your link I guess, right? Post it up.

first, let me summarize what you're saying as i lost track along the way: you seriously claim NCAA hoops is the biggest betting sport/market in the world, and you honestly want me to provide you with an url that shows it's not?

[todd73nj]

first, let me summarize what you're saying as i lost track along the way: you seriously claim NCAA hoops is the biggest betting sport/market in the world, and you honestly want me to provide you with an url that shows it's not?

March is the biggest sports wagering handle month of the year.

[todd73nj]

Looked like some great ingame volume today for the NFL.

Is anyone consistently Market Making? Bec for all the volume they are doing in game its hard to say if there is a set MMer, bec I am not noticing blocks of the same $$ amount being posted.

[LVHerbie]

A couple quick newbie-ish questions...

Does Betmaker ever move the line after initially setting it?

The commission is (currently) 2% on net wins both for those accepting offers and making offers?

[hhsilver]

A couple quick newbie-ish questions...

Does Betmaker ever move the line after initially setting it?

The commission is (currently) 2% on net wins both for those accepting offers and making offers?

1. For the most part , no. I do remember a case where an extreme line change prompted them to offer both the original, say 2.5, and a new line of, say 6.5. This is very rare from my observation.

2. yes --- exactly as matchbook before they changed it a few years ago. I like it this way better than the offer/accept difference mb initiated.

[offshoregenius77]

Looked like some great ingame volume today for the NFL.

Is anyone consistently Market Making? Bec for all the volume they are doing in game its hard to say if there is a set MMer, bec I am not noticing blocks of the same $$ amount being posted.

What games were those. The Sunday Night? I cant get anything decent down on ncaa hoops.

[todd73nj]

What games were those. The Sunday Night? I cant get anything decent down on ncaa hoops.

Sun night volume was incredible. Forget comparing it to MB, it was more like the Tradesports type NFL volume. NFL has been very solid in general.

[todd73nj]

A couple quick newbie-ish questions...

Does Betmaker ever move the line after initially setting it?

The commission is (currently) 2% on net wins both for those accepting offers and making offers?

1. For the most part , no. I do remember a case where an extreme line change prompted them to offer both the original, say 2.5, and a new line of, say 6.5. This is very rare from my observation.

2. yes --- exactly as matchbook before they changed it a few years ago. I like it this way better than the offer/accept difference mb initiated.

HH Silver is right in both responses.

As far as #1, there are some great money making opportunities playing both sides of the line, using another bookmaker. So keep an eye out for those.

And I have always been a price taker, so I have no problem with 2% either.

[Fishhead]

Thanks for the info

[todd73nj]

You playing there, Fish?

Not sure I ever if you said you were or not

Gradually improving, slowly but surely!

[Johnnythunder]

whats new lately? I just deposited for the first time.

[Johnnythunder]

6 offers put forth and none matched thus far. This does not look promising.

[sdtrader]

Has anyone recieved a payout from Betmaker recently? Are they just as quick as bookmaker?

[todd73nj]

Did anyone get a look at ingame football volume.

Clearly shows you the health of the exchange.

Great job, Betmaker.

[hhsilver]

Todd or any other betmaker players ---

are you still there?

this was a busy thread - but nothing in about a month