Matchbook - Futures not being settled as promised

[Hareeba!]

MB told me that payments are slow because the processor has so many to do. This sounds reminiscent of WSEX. What I am worried about is that the new owners will start, or have started, thinking that the new MB is not going to work, and decide to stop the payments being made to the remaining US folks that have not yet been paid.

more paranoia!

yesterday I received my seventh prompt withdrawal since the takeover

absolutely no comparison with WSEX

MB is expanding, not contracting

[todd73nj]

more paranoia!

yesterday I received my seventh prompt withdrawal since the takeover

absolutely no comparison with WSEX

MB is expanding, not contracting

Thats your favorite word! One of the only ones you know.

MB could still be part of WSEX - who knows whats true. Just because MB says something I wouldnt necessarily believe it.

MB has not expanded at all in odds and amounts available, they have contracted. Out side of NBA there is nothing. Few hundred bucks on soccer, next to nothing on NCAA, have you looked at Tennis and Golf, UFC on Saturday had maybe 3 prices listed! They sure have expanded well! lol

Hap, listening to a shill like Hareeba, is not good. What date did you request your withdrawal? Add 21 BUSINESS days and see what date you come to?

I have 3 players on my website who are due for their payments tomorrow. Lets see if they get them. Wed is 21 business days or 28 days. Even give it till Friday. I will let you know. Im not sure for the cash portion of my account till mid April, and the rest who knows when.


Ive been itching to send a new email to matchbook but I have no NCAA futures, and Im sure Id get some cookie cutter responses:

Hey Matchbook, how do you plan to setlle your NCAA futures when you never even added VCU?!?!

Matchbook: Our Lawyers advised us not to!

Hareeba: Brilliant decision!

[Thremp]

Their verification department is extremely incompetent.

[Hareeba!]

Thats your favorite word! One of the only ones you know.

MB could still be part of WSEX - who knows whats true. Just because MB says something I wouldnt necessarily believe it.

MB has not expanded at all in odds and amounts available, they have contracted. Out side of NBA there is nothing. Few hundred bucks on soccer, next to nothing on NCAA, have you looked at Tennis and Golf, UFC on Saturday had maybe 3 prices listed! They sure have expanded well! lol

Hap, listening to a shill like Hareeba, is not good. What date did you request your withdrawal? Add 21 BUSINESS days and see what date you come to?

I have 3 players on my website who are due for their payments tomorrow. Lets see if they get them. Wed is 21 business days or 28 days. Even give it till Friday. I will let you know. Im not sure for the cash portion of my account till mid April, and the rest who knows when.


Ive been itching to send a new email to matchbook but I have no NCAA futures, and Im sure Id get some cookie cutter responses:

Hey Matchbook, how do you plan to setlle your NCAA futures when you never even added VCU?!?!

Matchbook: Our Lawyers advised us not to!

Hareeba: Brilliant decision!

4. At midnight EST 31st March 2011 all US IP addresses will be blocked and all users with pending balance and future bets will be emailed informing them the total amount of their outstanding balance as well as a list of any open future bets.

Are we there yet ?

FFS .. have some patience man!

[Thremp]

Patience is a good way to get stiffed in this industry.

[Santo]

Aren't all the Matchbook futures just yes/no? If so, what difference does it make if VCU were added or not, all would just expire as no...

[Hareeba!]

Patience is a good way to get stiffed in this industry.

my experience has been to the contrary

[todd73nj]

Thats your favorite word! One of the only ones you know.

MB could still be part of WSEX - who knows whats true. Just because MB says something I wouldnt necessarily believe it.

MB has not expanded at all in odds and amounts available, they have contracted. Out side of NBA there is nothing. Few hundred bucks on soccer, next to nothing on NCAA, have you looked at Tennis and Golf, UFC on Saturday had maybe 3 prices listed! They sure have expanded well! lol

Hap, listening to a shill like Hareeba, is not good. What date did you request your withdrawal? Add 21 BUSINESS days and see what date you come to?

I have 3 players on my website who are due for their payments tomorrow. Lets see if they get them. Wed is 21 business days or 28 days. Even give it till Friday. I will let you know. Im not sure for the cash portion of my account till mid April, and the rest who knows when.


Ive been itching to send a new email to matchbook but I have no NCAA futures, and Im sure Id get some cookie cutter responses:

Hey Matchbook, how do you plan to setlle your NCAA futures when you never even added VCU?!?!

Matchbook: Our Lawyers advised us not to!

Hareeba: Brilliant decision!

Thanks Chopsticks. You cant even ask questions or get information because its just blowhards expressing their love for a website.

4. At midnight EST 31st March 2011 all US IP addresses will be blocked and all users with pending balance and future bets will be emailed informing them the total amount of their outstanding balance as well as a list of any open future bets.

Are we there yet ?

FFS .. have some patience man!

This way you can brag about their lines and liquidity and no one else can see the emptiness of their markets?

Patience is a good way to get stiffed in this industry.

Aren't all the Matchbook futures just yes/no? If so, what difference does it make if VCU were added or not, all would just expire as no...

Well - technically I guess thats true - but wouldnt it be nice to actually have the winner of an event listed? At the start of the tourny they listed TO BE ADDED 1,2,3,4 - and then they never added it. That what they used to do for golf before this new wonderful ownership. After the 1st, 2nd, 3rd rounds they would add anyone close to the lead.

my experience has been to the contrary

Did you know he got 1,254 withdrawals from Matchbook in the last 30 days? All right on time, wrapped with a bow, chocolate mint and tube of KY jelly.




FWIW guys, one of the guys who uses my website was paid today - to his *******. 21 BUSINESS days after his initial request of payout. Matchbook didnt say business days, but Id assume that since we are dealing with financial transactions. So when someone says you are in the minority of not being paid, Im not sure I would listen. Two more of my users expecting payout this week. I will keep you updated with actual information.

[Thremp]

my experience has been to the contrary

You claim to play at A rated books in areas that have legislation to force escrow of player balances. Apparently you play at Matchbook (and have alluded to saying Pinnacle would be appropriate to play at), both these are out of line with your prior comments. Furthermore, if you actually did follow this "rule" you'd have little knowledge of the offshore industry as virtually none of the regulatory bodies (outside of UK/AUS) give a shit about this.

So your limited experience sucks.

[Hareeba!]

You claim to play at A rated books in areas that have legislation to force escrow of player balances. Apparently you play at Matchbook (and have alluded to saying Pinnacle would be appropriate to play at), both these are out of line with your prior comments. Furthermore, if you actually did follow this "rule" you'd have little knowledge of the offshore industry as virtually none of the regulatory bodies (outside of UK/AUS) give a shit about this.

So your limited experience sucks.

my experience may not be so great as yours but fwiw I expect it is somewhat more than most who frequent this forum

as you say, I DO follow the rule of playing only at books which I am confident in regard to the way they manage their finances and don't use player funds for their own purposes

that policy has served me well and I've avoided being stiffed

you appear to be agreeing with me in suggesting that other regulatory bodies don't worry about that so I'm not sure what your point is but I really don't care

[Thremp]

How can you be confident of the internal accounting structure of a central american sportsbook without a regulatory body mandating this? More bullshit.

You play at random books for random reasons and then make up bullshit heuristics that you don't even follow. If you followed your own repeated lies you'd have no idea what the situation is at Pinnacle/Matchbook because you'd never play there. Much less the recent issues at MB considering they were owned by a company who has a massive backlog of pending WDs.

If you want to say, "I wantonly speculate on the internal acct structure of private companies in virtually unregulated countries based purely on name value and then pass this off as fact based experience in the industry." You'd be a lot ******* closer to what you're doing.

[Hareeba!]

How can you be confident of the internal accounting structure of a central american sportsbook without a regulatory body mandating this? More bullshit.

You play at random books for random reasons and then make up bullshit heuristics that you don't even follow. If you followed your own repeated lies you'd have no idea what the situation is at Pinnacle/Matchbook because you'd never play there. Much less the recent issues at MB considering they were owned by a company who has a massive backlog of pending WDs.

If you want to say, "I wantonly speculate on the internal acct structure of private companies in virtually unregulated countries based purely on name value and then pass this off as fact based experience in the industry." You'd be a lot ******* closer to what you're doing.

Are you seriously questioning the reliability of Pinnacle and Matchbook, neither of which have any history of slow paying, let alone stiffing?

Pinnacle clearly states that it keeps players' money separate. Until something suggests otherwise I remain very confident about the security of my funds there.

Admittedly I haven't always had the same level of confidence about Matchbook but I've always been paid very promptly and apart from the unwarranted paranoia displayed by a handful of US customers who've recently been terminated I've never seen any question raised about their payment history and accordingly have no cause to think other than that they are adequately funded.

I DO NOT play at "random books" as you put it.

Whilst having a good regulatory regime is certainly an advantage it doesn't mean that the lack of same means that a soundly run book can't reside in such as jurisdiction.

[todd73nj]

You claim to play at A rated books in areas that have legislation to force escrow of player balances. Apparently you play at Matchbook (and have alluded to saying Pinnacle would be appropriate to play at), both these are out of line with your prior comments. Furthermore, if you actually did follow this "rule" you'd have little knowledge of the offshore industry as virtually none of the regulatory bodies (outside of UK/AUS) give a shit about this.

So your limited experience sucks.

So this "agency" that regulates Matchbook is no more than someone who collects fees for licenses?

Are you seriously questioning the reliability of Pinnacle and Matchbook, neither of which have any history of slow paying, let alone stiffing?

Pinnacle clearly states that it keeps players' money separate. Until something suggests otherwise I remain very confident about the security of my funds there.

Admittedly I haven't always had the same level of confidence about Matchbook but I've always been paid very promptly and apart from the unwarranted paranoia displayed by a handful of US customers who've recently been terminated I've never seen any question raised about their payment history and accordingly have no cause to think other than that they are adequately funded.

I DO NOT play at "random books" as you put it.

Whilst having a good regulatory regime is certainly an advantage it doesn't mean that the lack of same means that a soundly run book can't reside in such as jurisdiction.

The reliability of Matchbook should be questioned until they prove something - which they have not. Tradesports was sold. Then closed.

[todd73nj]

Matchbook ownership is nothing but a bunch of dopey morons.

I went on live help to try to get them to close out a futures winner, but they said they cannot close it for me. Ive emailed them three times yesterday without a response.

As you all know I had a bunch of futures in my account. Besides NBA and NHL Championship wagers, I have some NBA Season win totals. I knew I was sitting on two losers - Two season win totals which became losers in the last two days. I have 2 more that hang in the balance - Where teams would have to go 6-1 to beat me. And I have another that is a winner already. 7 games to play, 47 wins, I am holding u54.5. Why wont MB grade the winner and pay me that money as part of my payout? They have processed nothing from my account as it still shows my available cash and from my understanding when other people had their WDs processed their available cash went to 0.00.

Oh and Hareeba, before you babble out your rectum .. they closed the losers right after the game on the night (Mon Night &Tues Night) that the future was no longer attainable. But they wont close the winner.

Do they really feel the need to hold this extra portion of my money?

[Hareeba!]

Matchbook ownership is nothing but a bunch of dopey morons.

I went on live help to try to get them to close out a futures winner, but they said they cannot close it for me. Ive emailed them three times yesterday without a response.

As you all know I had a bunch of futures in my account. Besides NBA and NHL Championship wagers, I have some NBA Season win totals. I knew I was sitting on two losers - Two season win totals which became losers in the last two days. I have 2 more that hang in the balance - Where teams would have to go 6-1 to beat me. And I have another that is a winner already. 7 games to play, 47 wins, I am holding u54.5. Why wont MB grade the winner and pay me that money as part of my payout? They have processed nothing from my account as it still shows my available cash and from my understanding when other people had their WDs processed their available cash went to 0.00.

Oh and Hareeba, before you babble out your rectum .. they closed the losers right after the game on the night (Mon Night &Tues Night) that the future was no longer attainable. But they wont close the winner.

Do they really feel the need to hold this extra portion of my money?

when will you ever grasp the fact that they are taking legal advice as to what they do ?

can you not see that paying out on a bet to a US citizen would almost certainly been seen as a breach of your country's crazy laws ?

[d2bets]

when will you ever grasp the fact that they are taking legal advice as to what they do ?

can you not see that paying out on a bet to a US citizen would almost certainly been seen as a breach of your country's crazy laws ?

So it's 'legal' to grade a bet a loser but not a winner? Haha.

I'm confused though. They have already paid out on lots of bets placed by US citizens. You lost me on that one.

[Hareeba!]

So it's 'legal' to grade a bet a loser but not a winner? Haha.

the stake on the loser had already been deducted from the player's account balance

I'm confused though. They have already paid out on lots of bets placed by US citizens. You lost me on that one.

what bets have the new owners paid out to US citizens?
to the best of my understanding all they have done is payout the balances of their accounts

[d2bets]

the stake on the loser had already been deducted from the player's account balance



what bets have the new owners paid out to US citizens?
to the best of my understanding all they have done is payout the balances of their accounts

Where do you think those account balances came from? The sky? Can't they pay out the balances of accounts based on the futures wagers grading? If not, then it sounds like you are suggesting that they cannot grade a wager that had been previously placed? If that's the case then you're setting up their excuse to steal all futures wagers winnings. Who's going to grade the wagers - their lawyers? LMFAO.

[Hareeba!]

Where do you think those account balances came from? The sky? Can't they pay out the balances of accounts based on the futures wagers grading? If not, then it sounds like you are suggesting that they cannot grade a wager that had been previously placed? If that's the case then you're setting up their excuse to steal all futures wagers winnings. Who's going to grade the wagers - their lawyers? LMFAO.

funds in the accounts taken over from the previous owners would have in many cases have contained the proceeds of bets made and settled by the PREVIOUS OWNERS, not the current owners.

simply paying them out would seem to not be in breach of US anti gambling laws

but settling bets after they takeover and paying them out very likely would be a breach of those laws

their liability in respect of futures wagers is being handed over to a legal firm to administer and payout in due course

nobody is going to steal anything - are you related to that paranoid Todd bloke ?

[d2bets]

funds in the accounts taken over from the previous owners would have in many cases have contained the proceeds of bets made and settled by the PREVIOUS OWNERS, not the current owners.

simply paying them out would seem to not be in breach of US anti gambling laws

but settling bets after they takeover and paying them out very likely would be a breach of those laws

their liability in respect of futures wagers is being handed over to a legal firm to administer and payout in due course

nobody is going to steal anything - are you related to that paranoid Todd bloke ?

So you think it's illegal for Antiguan-based Matchbook to settle futures wagers, but it's not illegal for their Antiguan-based law firm to settle those same futures wagers? You're a real trip, Hareeba!, I gotta hand it to you. And what if under your scenario the law firm doesn't want to settle wagers, then it's not Matchbook's fault because they handed it over so it's out of their hands?

[Hareeba!]

So you think it's illegal for Antiguan-based Matchbook to settle futures wagers, but it's not illegal for their Antiguan-based law firm to settle those same futures wagers? You're a real trip, Hareeba!, I gotta hand it to you. And what if under your scenario the law firm doesn't want to settle wagers, then it's not Matchbook's fault because they handed it over so it's out of their hands?

I can only assume that that's the legal viewpoint.
The lawyers will be settling bets made by the previous owners.
Bear in mind that the owners of Matchbook clearly want to keep themselves clean presumably because they don't wish to be impeded in the US,whether living there or travelling through.
Perhaps the local lawyers have no desire to travel there?
i really don't know all the ins and outs of how it affects them but you can be pretty sure they have done their homework and most probably cleared it with US authorities.

Bottom line remains, why all this fuss?
Nobody is going to be screwed.

[Thremp]

So you're under the belief that WSEX has had processor issues for 2 years? Its the same ownership group as Matchy (up until a month ago). You believe whatever you want. To me that sounds "random".

But hey, I don't lie on the internet for funsies.

[heyman]

Matchbook ownership is nothing but a bunch of dopey morons.

I went on live help to try to get them to close out a futures winner, but they said they cannot close it for me. Ive emailed them three times yesterday without a response.

As you all know I had a bunch of futures in my account. Besides NBA and NHL Championship wagers, I have some NBA Season win totals. I knew I was sitting on two losers - Two season win totals which became losers in the last two days. I have 2 more that hang in the balance - Where teams would have to go 6-1 to beat me. And I have another that is a winner already. 7 games to play, 47 wins, I am holding u54.5. Why wont MB grade the winner and pay me that money as part of my payout? They have processed nothing from my account as it still shows my available cash and from my understanding when other people had their WDs processed their available cash went to 0.00.

Oh and Hareeba, before you babble out your rectum .. they closed the losers right after the game on the night (Mon Night &Tues Night) that the future was no longer attainable. But they wont close the winner.

Do they really feel the need to hold this extra portion of my money?

They don't owe you any favors...you just have a sense of entitlement.

You already said you trust Matchbook and think they're honest so you should also think they will eventually get you your money when your wagers come to term.

I'm sick of reading your words. I'll look this thread up in June when you said your futures all expire. I of course expect (and hope) you will be paid.

[Hareeba!]

So you're under the belief that WSEX has had processor issues for 2 years? Its the same ownership group as Matchy (up until a month ago). You believe whatever you want. To me that sounds "random".

But hey, I don't lie on the internet for funsies.

No, WSEX has been in insolvent trading mode for a couple of years. In better parts of the world that is a criminal offence.

They were separate companies (with I believe some shared ownership). MB to the best of my knowledge has never been in slow pay or stiffed anyone.

Big difference.

And if you are going to go accusing people of lying you should be prepared to state precisely in relation to what, where and when.

[todd73nj]

when will you ever grasp the fact that they are taking legal advice as to what they do ?

can you not see that paying out on a bet to a US citizen would almost certainly been seen as a breach of your country's crazy laws ?

So it's 'legal' to grade a bet a loser but not a winner? Haha.

I'm confused though. They have already paid out on lots of bets placed by US citizens. You lost me on that one.

Well for me to lose - someone had to win and be paid - so your legal advise trash is nothing but that. You are telling me that on ALL of the closures on NBA win totals in the month of March that not one US player was a winner?

the stake on the loser had already been deducted from the player's account balance



what bets have the new owners paid out to US citizens?
to the best of my understanding all they have done is payout the balances of their accounts

Again... they have closed out 50% of more of NBA win total futures. If none of those were to US players - then Matchbook must not be the high volume outlet you claim them to be.

Where do you think those account balances came from? The sky? Can't they pay out the balances of accounts based on the futures wagers grading? If not, then it sounds like you are suggesting that they cannot grade a wager that had been previously placed? If that's the case then you're setting up their excuse to steal all futures wagers winnings. Who's going to grade the wagers - their lawyers? LMFAO.

He is nothing but a shill.

They don't owe you any favors...you just have a sense of entitlement.

You already said you trust Matchbook and think they're honest so you should also think they will eventually get you your money when your wagers come to term.

I'm sick of reading your words. I'll look this thread up in June when you said your futures all expire. I of course expect (and hope) you will be paid.

I hope you are right and think you will be.

But their justification for anything they do is very strange. Im not asking for a favor. Im asking for the future to be closed as others were. Winner gets paid, loser doesnt. It would have been nice to get the extra money from a future that was already a winner as many others have with their NBA totals.


While other players have gotten notice stating it was 21 business days from the withdrawal date their new email today states "Your withdrawal will be processed in the coming weeks. We are unable to provide an accurate time frame at the moment but rest assured you will receive your funds as soon as possible"

What a cluster****.

[Hareeba!]

Well for me to lose - someone had to win and be paid - so your legal advise trash is nothing but that. You are telling me that on ALL of the closures on NBA win totals in the month of March that not one US player was a winner?

why do you find such simple things so hard to grasp ?
when you placed your futures bet the stake was removed from your account
when it lost, no need for any adjustment to your account
the winner of the bet would have been credited if he isn't a Yank
if he is a Yank it will be settled in due course by the legal firm
got it now ?
[/quote]

[jizay]

why do you find such simple things so hard to grasp ?

Why do you find MB's shaft so easy to grasp?

[Hareeba!]

Why do you find MB's shaft so easy to grasp?

so precisely what part of that did you have difficulty comprehending ?

[Thremp]

No, WSEX has been in insolvent trading mode for a couple of years. In better parts of the world that is a criminal offence.

They were separate companies (with I believe some shared ownership). MB to the best of my knowledge has never been in slow pay or stiffed anyone.

Big difference.

And if you are going to go accusing people of lying you should be prepared to state precisely in relation to what, where and when.

So you don't know exactly how separate they are? They're both Central American gaming companies that are privately owned which both routinely lie about their operations. (MB for example accepting cashout requests with no intention to act on them) You claim to know these things about these companies that you'd have no possible ******* way of knowing.

You are a liar. Its not an accusation. Its a motherfucking fact. You claimed to play at only A-rated books in jurisdictions that regulated player funds not being used for operations. A clear and obvious lie.

[Hareeba!]

So you don't know exactly how separate they are? They're both Central American gaming companies that are privately owned which both routinely lie about their operations. (MB for example accepting cashout requests with no intention to act on them) You claim to know these things about these companies that you'd have no possible ******* way of knowing.

You are a liar. Its not an accusation. Its a motherfucking fact. You claimed to play at only A-rated books in jurisdictions that regulated player funds not being used for operations. A clear and obvious lie.

a deliberate misquote
and not for the first time

wtf are you talking about cash requests with no intention to act on them?
everyone is being paid

MB has no connection with WSEX

[todd73nj]

why do you find such simple things so hard to grasp ?
when you placed your futures bet the stake was removed from your account
when it lost, no need for any adjustment to your account
the winner of the bet would have been credited if he isn't a Yank
if he is a Yank it will be settled in due course by the legal firm
got it now ?

Ok - so thats why they closed the Mia Heat total - but left the Oralndo Magic total open?

And when you place a futures bet - the stake is not removed from your account. It is a frozen balance that shows as part of your blanace. They are still grading a wager in my account wether my balance goes from $10 to $5 or $10 to $15 is the same thing. They are grading a wager.

a deliberate misquote
and not for the first time

wtf are you talking about cash requests with no intention to act on them?
everyone is being paid

MB has no connection with WSEX

You have no proof they are not still part of WSEX - just what a bunch of morons say in an announcement that alter 100 times says. Maybe you can find some sort of announcement from the trustworthy governing body of sportsbooks. lol

[Hareeba!]

You have no proof they are not still part of WSEX - just what a bunch of morons say in an announcement that alter 100 times says. Maybe you can find some sort of announcement from the trustworthy governing body of sportsbooks. lol

I see no reason at all to disbelieve the new management of MB
All evidence points to them going about things in a proper way
Where's any evidence that they are untrustworthy or "a bunch of morons" ?

[Hareeba!]

Ok - so thats why they closed the Mia Heat total - but left the Oralndo Magic total open?

And when you place a futures bet - the stake is not removed from your account. It is a frozen balance that shows as part of your blanace. They are still grading a wager in my account wether my balance goes from $10 to $5 or $10 to $15 is the same thing. They are grading a wager.

any time you make a bet it is removed from your "Free Funds" balance
the new management would not be crediting any settled wagers to that balance for US customers
they don't need to make any debit to it for a futures wager which lost because it was already withdrawn when you made the bet

[todd73nj]

I see no reason at all to disbelieve the new management of MB All evidence points to them going about things in a proper way Where's any evidence that they are untrustworthy or "a bunch of morons" ?

And what reason do you have to believe them? Trust is earned is it not?

They have put out email after email with changing decisions. Not one thing they said from the beginning has stuck - and now due to processor issues they can no longer guarantee anyones money in 21 days from the requested day.

You would never say anything negative about them.

any time you make a bet it is removed from your "Free Funds" balance the new management would not be crediting any settled wagers to that balance for US customers they don't need to make any debit to it for a futures wager which lost because it was already withdrawn when you made the bet

Ok, so its their lawyers who will be settling my futures? lol Come on Hareeba.

[Hareeba!]

And what reason do you have to believe them? Trust is earned is it not?.

Absolutely nothing I've observed since 28 Feb gives me cause to have any reason to disbelieve them.
I tend to believe people until I find good reason to do otherwise. In life, I've found most people to be honest and trustworthy.

They have put out email after email with changing decisions. Not one thing they said from the beginning has stuck - and now due to processor issues they can no longer guarantee anyones money in 21 days from the requested day.

Quite obviously you've never had the experience of being involved in managing the takeover or merger of a business and thus can't imagine the issues of detail that arise during the process and the need to make arrangements to cope with them.
The number of changes to the originally announced program has been pretty minimal and of no material impact on anyone. And by and large it seems US players have got their money in March as was the plan.
Did you receive an email with details of your futures bets at the end of March?

Ok, so its their lawyers who will be settling my futures? lol Come on Hareeba.

Quite obviously it would be in breach of US law for Matchbook to be seen to be paying out bets to US citizens. If you can't see that then it seems clear that I have been attempting a logical discussion with someone just too dumb to understand.