Good to have you here Mike, excited to see the promotions Matchbook is gonna offer in the future...I can confirm payments to non US players are completed within hours...hopefully Matchbook continues to grow and become the best book in the future because it definitely has the potential to be.
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Mike,
Why are you refusing to answer me what the obvious reasons are? I fail to see the obvious reasons other than management incompetency which you allude to. You must've known an exact dollar amount, and the ability of your processors to process this amount, then magically there were "unforeseen" difficulties. Also did 5% of players get paid today?
What is the total that has been paid? Have you paid out that player owed more than half a mil?Comment -
Hi Thremp,
Over 10M USD has been paid to US players representing 90% of the total amount owed. I am not sure which player you are referring to with the 500k balance. Many players with very large balances have been paid. Please allow me to reiterate every single US player will be paid in full and almost everyone already has been.
Management was aware of the dollar amount upon acquisition of Matchbook, however, in the online sports industry you simply can't put that volume of payments through payment processors to the US all at once.
I can assure you management and Matchbook staff is doing the best job possible to payout all players in a manner that is timely as possible.
- MikeComment -
So you're now claiming that new management purchased a company and intended to eliminate a portion of the business and process payouts with no idea of the scope of the task?
What would you call a decision like this?
Please answer what you consider a company not paying out in under their specified timeline? Is that a slowpay or not? Why does Matchbook not fit this definition?
I would prefer you stop the doubletalk and outright fabrications.Comment -
Anyone got a link to why Matchbook left the states. Used to play on them big time, hate to see that book go. First pinny, now match. Not much value shops left.Comment -
Don't even bother responding to Thremp. He has no skin in this game and is just trolling you. Already been banned at 2p2.Comment -
jj can you leave the serious sportsbook discussions to people that actually do this for serious cash? nobody cares one iota that a low-level bettor like you did not/does not use mb. people that needed to bet a lot of money, at low prices, and are not able to get to pinnacle, used matchbook. actual, real bettors. not pretend bettors with four trillion forum posts.Comment -
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Maybe you could answer the questions then. I find it weird you'd buy a company and close down a large portion of your business then promising payment with an arbitrary timeframe for the majority of your customers.
Also, what do you exactly mean by "no skin"? That I didn't have money in MB, or have money currently? IIRC you claimed to receive your payout, so we'd have equivalent "skin" in this gayme. But who cares about facts. Do you want to start a "OMG I AM SO GOOD AT SPORTSBETTING" dick waving contest to get away from the fact that you can't answer any of these questions either.
logic hurdComment -
We know you hate Matchbook but you repeatedly refuse say why despite several requests?
WHY ?
As to volume ... I suggest you don't really know what you are talking about.
Those who play there are still enjoying taking decent bets and better odds than anywhere else.
Certainly there's more volume and generally better odds available than at that lesser exchange Todd shills for.Comment -
I think the guy is deceiving us about volume
His figures seem suspiciousComment -
Well I would never play there
I play at books that tell the truthComment -
okay, let's try one more time eh?
you have previously stated that you never did and never will trust them
WHY?
and don't just say it's because you think (without being able to justify it) that they aren't telling the truth now because that doesn't explain why you "never did" trust them
also bear in mind that you are talking about two quite separate management groupsComment -
They do pay especially new groupComment -
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I find it hard to believe that you have paid 85% of your players. The % of people here at SBR that have been paid is much less than 85%.Comment -
I still found some very good lines at MB on mlb during april..the reason why i don't play there atm is simply that iam sick of the US Dollar. Just a friendly hint, if you want to keep all those European punters get out at least an Euro and GBP currency as soon as possible, before the USD ruins you. You simply cannot offer only USD and ban americans...Comment -
Yea I agree with the poster above...adding currencies would def increase the volume. Are there any plans in the future to add currencies Mike? Adding CAD + GBP/Euro would be very beneficial for Matchbook...Comment -
Hello, Mike, could you address my question posted yesterday? You guys sent the wire to the wrong account number and admitted it's a manual error due to matchbook's side. My bank issued a 'wrong account number' notice to the sender right away, and asked the sender to provide a amendment with the correct number so the fund can be transferred to my account directly. But the sender requested the fund to be returned instead. Why is that? Choose a more complicated and time-consuming way to deal with it?
My bank told me the fund was returned on April 28th and it was supposed to reach the sender's account within two business days per their general knowledge. Why you guys kept saying the fund has not been received back yet and have no idea where the fund goes? In the mean time, I have to buy into this 'fund not received back yet, will resend ONLY when the fund has been received' story? How long it's going to take?
Today is the 66th day since I requested the wire payout, still no luck getting my wire, still vague promise like 'I can assure you all possible efforts are being made to get you your funds as soon as possible. You will be paid in full.'Comment -
I believe that insolvent books (your definition) like MB will lie to further their own ends. Statements like "Trust us" carry little value as they can not be proven in any fashion. All I can see is that they've taken >2x the time to payout than they stipulated themselves. Their rep struggles with logic/facts/tough questions and randomly makes up statistics. (I guess they randomly paid out >500k in between his posts. I'm sure this could be verified via a third party.)
Though I did call you a liar and have routinely asked you to get an escrow so we could bet upto 20k on this "dispute".
I believe some people are just delusional as well. Some people don't understand how others make money betting on baseball and see to think that MB is necessary. These people wouldn't be "liars" since they lack intent. They're just stupid.
Your mischaracterization of my comments could be construed as a "lie".Comment -
Lots of bonus whores and scalpers probably.Comment -
I hate Matchbook haters, idiots always trying to prove there point but u got no point.Comment -
As you already know your payment was sent to the wrong account in error. As I stated in several PM's our staff is working everyday to recover the payment made in error and reissue your withdrawal. Please continue to be patient. Your situation is one of the few payments of the thousands we sent that didn't go smoothly.
I apologize on Matchbook's behalf for the inconvenience.
- MikeComment -
Matchbook you rule!!
im canadian and im glad im not in the states for sureComment -
So Mike, you are saying the entire balance due to american players is a hair over 11mil USD and 10 mil has been paid?
Who is the liar here? Just on these few threads alone there are tons of players claiming to be in the mid 6 figures, and everyone else claims to be five figures. The people that have claimed to be paid by you dont even post forum messages that I see - just a claim under the update. So someones #s are way off.
It wouldnt surprise me if the players are over stating their positions - but both sides are throwing numbers out there that arent even close to matching up.
Domer -
Please. How can anyone have any respect for you? You come into another thread claiming to be such a big time player. And what was your big time number $600. (http://forum.sbrforum.com/sportsbook...omised-p2.html) So for the $600 you invest in sports futures, you must be a serious player, playing for s-e-r-i-o-u-s cash. You are the first to throw out there about people being low level players. But in all honesty, either you are betting with disposable income or you are nothing but a low life. So for the person who bets $20 a game and the person who bets $2,000 a game its all relative.
And for someone who every few posts needs to brag about the size of his bankrolls.. Id bet you are pretty insignificant.
Wonder what else you have a big man complex about..
JJ,
Hareeba does nothing but quote prices from one game.
Ive have continued to post up screen shots comapring Matchbook to other exchanges - and MB is dead. There is no serious money left there. Its all just seeded markets.
Matchbook was a great book two years back.. The last year of the old management sucked.. and their new business plan will backfire.
The purpose of an exchange is to collect commissions.Comment -
Todd...if they are in fact seeding markets, it may backfire...but how can you prove it? I have money there and I don't wanna leave a big sum in there if in fact your right about the seeding markets...Comment -
You still did not answer my question, why request the fund to be returned while you can simply send an amendment with the correct account number so that the fund can be transferred directly to my bank account? It's not rocket science, when you get the information wrong, you just send an amendment to correct it. And my bank DID send you guys a notice asking for an amendment, but you guys requested the fund to be returned instead.
My bank confirmed with me the fund was returned on April 28th, today is May 5th, and you guys still kept saying 'we did not receive the fund back, we don't know where the fund goes, we will only resend you the wire when we receive the fund back'. I couldn't help but thinking maybe it's just a strategy to buy some more time, so that enough commission can be generated or enough deposits can be made to cover the payout? Just like the way to deal with the wrong account number mistake, requesting the fund to be returned instead of providing an amendment.Comment -
I cant prove it, but here is what I saw - and feel free to tell me if you saw something else.
When US players could play there - the markets for almost all games were 6 bids/asks deep. You had to scroll to see the other prices sometimes if you wanted to take a bigger amount in a game. Many of them small and then a MMer with a bigger offer, etc.
On March 1st - MB was a ghost town. Most games had nothing. There were very very few small bigs and asks. NCAA Basketball had a bunch of games - not one price. It was as if all the market makers were US players.
A few days later, the NBA got some markets. Funny part about the markets they were all related/inverted/multiple numbers. 3224, 4332, 1112, 2114. It was very plain to see because there were no other prices listed.
When I saw that, I figured it could have been one of two things - a new Non-US MMer, or MB management seeding the markets. No sure a new MMer would have jumped in so quick. And from what Ive noticed from other MMers is they base their markets on a risked amount - not a pattern.
If you are a non-US player - why would you waste your time with Matchbook at all? Maybe they have the cheapest commissions - but if thats the case - why is Betfair volume, depth, liquidity tons better than Matchbook? I
As a US player, if I had access to Betfair, I would have had my money there. You get what you pay for.
I dont know if I say your money is unsafe at Matchbook - that remains to be seen, but at Betfair would seem you have nothing to worry about.
This new matchbook management is a nothing but a 3 ring circus. They havent gotten one thing right since they took over. First the method of withdrawal, then settling futures, then regulators, changing futures, not forseeing processor issues to pay out $11mil (their number), having some supposive employee come onto SBR and post numbers that dont match up, and not even wanting to do a direct interview with the SBR. That sets off bells for me.
Yes Hareeba, you pick ONE game and post the info. One game. One out of how many? lol. What a dope.Comment
