Bookmaker statement on domain change

[WileOut]

Banks are not safe either
If you live your life scared you will never attain much

Banks are backed by the US government up to 100k deposit. That is as close to perfectly safe as it gets coach.

[LVBOUND]

JJ called me tonight about this shit. He told me he wants everyone to post up at least a nickel. He said that he will make sure you money is secure. He said he can handle about 100 posters at 500 each. He only asks for a 5% return on you first withdraw.

[soxwin1917]

The absolute LAST thing these scum Feds care about is protecting players from what may be scam books. The FEDS are responsible for more Book stiffing(BOS group) than any 100 books themselves could possibly be.

How so? Shutting down processors doesn't make them responsible for books that flat out stiff their clients.

[Counterfeit Cash]

ah boy...rough times on the horizon it seems.

[bigloser]

Banks are backed by the US government up to 100k deposit. That is as close to perfectly safe as it gets coach.

Do you seriously believe that if a major bank were to fail that the government could keep this commitment ? Why do you think the bailouts happened ?

[cyberinvestor]

Banks are backed by the US government up to 100k deposit. That is as close to perfectly safe as it gets coach.

Unfortunately it ain't too much coverage if you have over $100K. Someone who has $2M at a bank that goes under and is only covered for $100K is pretty much in the same boat as someone finding their sportsbook account went from $5,000 to $0. In both cases the person gets blown out. At least you don't keep your life savings at a sportsbook.

The FDIC barely survived the mortgage crisis and even going into three years after the market collapse they are still just hanging on by their finger nails. Sure, the government will print money to cover any debts BUT the problem there is as they do, the value of your dollars will continue to decline dramatically.

[jjgold]

Bookmaker has over 55 payment options for Euro players

unreal

[G's pks]

Unfortunately it ain't too much coverage if you have over $100K. Someone who has $2M at a bank that goes under and is only covered for $100K is pretty much in the same boat as someone finding their sportsbook account went from $5,000 to $0. In both cases the person gets blown out. At least you don't keep your life savings at a sportsbook.

The FDIC barely survived the mortgage crisis and even going into three years after the market collapse they are still just hanging on by their finger nails. Sure, the government will print money to cover any debts BUT the problem there is as they do, the value of your dollars will continue to decline dramatically.

Neither of you guys know what you are talking about...(you and wileout) I happen to know because I have several large accounts spread across a few banks...if checking, savings, or certificates of deposit (CDs) - they are insured by the FDIC up to $250,000. Has not been 100,000 for a while...they raised after the mortgage paper collapse...

All of these types of accounts generally are insured by the FDIC up to the legal limit of $250,000. Please stop giving advice when you do not know what you are talking about!

[John Dough]

The above post is correct. The FDIC limit was increased to 250K a while ago.

[jairocon]

So who else is changing their domain name? Is .ag short for argentina?

[John Dough]

Is .ag short for argentina?

No, Antigua and Barbuda.

http://en.wikipedia.org/wiki/.ag

[soxwin1917]

The above post is correct. The FDIC limit was increased to 250K a while ago.

I really like cyberinvestor, but I'm glad someone corrected him. It's been at 250K for a while now.

[John Dough]

I really like cyberinvestor, but I'm glad someone corrected him. It's been at 250K for a while now.

I like him as well. 99% of what he posts is sound and helpful. This was a just a simple mistake and far and away the exception for him, not the rule.

[jarvol]

The feds will take over *w*u and *m*g next and then youll all be ******.

Epic fail. W U is a $13 billion publically traded company.

[justonetime]

What happened to the SBRtv thread on this?

[durito]

That is because you don't live in US. No need for non US to be concerned. I notice you do this a lot. You try to make a statement but fail to give all the details. Not everyone here knows you don't live in the US.

I doubt there is cause for US players to be concerned. However I will say that 99% of the people who post here at SBR would be a lot better off financially, health wise, and emotionally for the short and especially the long term if you could somehow quit gambling completely. Much easier said than done. It can rip you apart. It will rip you apart unless you are in the 1% or less that make money or break even.

I use my US address and bank account for bookmaker and every other us facing sportsbook.

I said I would pay him .80 on the $1 for his balance. He sends me P2P at bookmaker his whole balance, I will have 80% cash fedexed to him in USA. The fact that I am presently in another country is irrelevant (it's actually more difficult to fund/wd from sportsbooks here, in fact it's almost impossible). The offer was made based on my perception that Bookmaker has all of player funds and the means to pay them.

[nli07]

Hmm interesting change by Bookmaker now I am hesistant about ever moving to the States, you can't even torrent now.

[cyberinvestor]

Neither of you guys know what you are talking about...(you and wileout) I happen to know because I have several large accounts spread across a few banks...if checking, savings, or certificates of deposit (CDs) - they are insured by the FDIC up to $250,000. Has not been 100,000 for a while...they raised after the mortgage paper collapse... All of these types of accounts generally are insured by the FDIC up to the legal limit of $250,000. Please stop giving advice when you do not know what you are talking about!

Definitely my error. You are correct! Although as a side note....Beginning December 31, 2010, through December 31, 2012, all noninterest-bearing transaction accounts are fully insured, regardless of the balance of the account, at all FDIC-insured institutions. The unlimited insurance coverage is available to all depositors, including consumers, businesses, and government entities. This unlimited insurance coverage is separate from, and in addition to, the insurance coverage provided to a depositor’s other deposit accounts held at an FDIC-insured institution.

Although I will say that my position on it still stands. Whether you have an FDIC insurance plan of $250,00...$500,000 or $1,000,000...that insurance is only so good as the dollars backing it. Which in response to Wileout's post is far from safe. The money would have to be printed to pay off on this insurance as the FDIC is barely in the black (the only reason they are in the back is they collected advanced fees from all member banks). If another 2008 banking collapse happens, it's going to be ugly!

Long story short, life sucks and then you die. So while you are here everything is going to have risk. Whether it is depositing $500,000 at Chase bank or betting with Bookmaker. It all comes down to the risk for the reward. We know the game getting in and if anyone here isn't comfortable with losing every last dollar in your sports account, it is time for a withdrawal. Keep it in your mind that tomorrow you could wake up and find your book closed and money gone. Figure out that number which allows you to wager happily but won't have you jump off a bridge if that dreaded morning ever comes!

The only book as good as a bank is Pinnacle (probably better than most US banks) and unfortunately even they have risks.

Thanks for the nice comments as well guys! Very appreciated!

[G's pks]

Jesus just admit your wrong...no need for a 4 paragraph explanation...some people in their own minds are never wrong...than you say to make a long story short...thats funny! Take care its ok ....

[cyberinvestor]

Jesus just admit your wrong...no need for a 4 paragraph explanation...some people in their own minds are never wrong...than you say to make a long story short...thats funny! Take care its ok ....

Sorry. I thought I admitted I was wrong with the first six words of my post. "Definitely my error. You are correct!"

I added the other part about the unlimited insurance just because I noticed it and thought it was interesting to the discussion.

As for the rest of my post I took an opportunity to further discuss my thoughts on everyone's concern the sky is falling. Tried to add some additional thoughts because many here were giving up betting offshore all together. My point was that isn't necessary and you can find a middle ground. Sorry if my post should have just read "I AM WRONG" and left out the other thoughts bumbling around in my head that I thought germane to the discussion.

[Hareeba!]

The only book as good as a bank is Pinnacle (probably better than most US banks) and unfortunately even they have risks.

I'm at least equally comfortable with Betfair and the Australian books.

[cyberinvestor]

I'm at least equally comfortable with Betfair and the Australian books.

Agree. Betfair is another good example. Not familiar with the Australian books but I take your word for it!

[roanildinho]

JJ called me tonight about this shit. He told me he wants everyone to post up at least a nickel. He said that he will make sure you money is secure. He said he can handle about 100 posters at 500 each. He only asks for a 5% return on you first withdraw.

So are you saying that these books are not safe without jj?

[Winner_13]

Bookmaker just got seized?

http://bookmaker.com/ govt page showing up!

I Am not posting to cause panic or anything I believe 100% all players funds are safe and secure.. I also think they got backup sites ready and their new download software=intelligent.

just some interesting times right now

[TRone]

Where have you been?

[trixtrix]

what is your current opinion regarding the reliability of beted?

[Winner_13]

I do not use CRIS family much anymore so I maybe behind. I thought bookmaker was still up , and bookmaker.ag is not working

[durito]

Did you know the world ended on saturday?

[Winner_13]

NVM Mods please delete thread, did not see that it was bmaker.ag!

[dark star]

A little late to the party bud

[Winner_13]

yup pinny is always fine and thats my #1 book...Just saw the BetEd threads very disappointing

[mikeanite]

anyone have info on who's next to go?

[Ruifgalmeida]

anyone have info on who's next to go?

All the books that accept americans sooner or later will have to change domain, .com is dead for gambling

[wwlandman1]

has anyone requested a payout since news broke?

Yes, I have and here is the story I emailed SBR to inform them of my situation.....

To whom it may concern:

I am writing to inform you of my recent experience with bookmaker.com, now bmaker.ag, a sportsbook currently on your green list. I signed up back in the middle of March and had total deposits of $4500. By the end of the first month, I withdrew $3,000 via the free payout method(***) that they promote as being available once a month for Gold level members. Everything went like it was supposed to. I made the request first thing one morning and by that afternoon, the funds were deducted from my account and within about 5 business days, were deposited into my checking account. Two weeks ago yesterday, I made a 2nd request, this time for $2500 and since I had now become a Platinum member, it was also a free payout. Again, the money was deducted promptly but this time, I have yet to receive the funds in my bank account. However, their site does say that it can take up to 15 business days which would not be until next Tuesday or Wednesday, which I find quite ridiculous, but nonetheless that's how it is. Sometime Monday evening I went online to place a bet on the website, only to be greeted by a message stating that the domain had been seized by the United States Department of Justice as an illegal gambling operation. Well, to me, this sounded pretty damn serious. I called Bookmaker and they gave me the new address of bmaker.ag and said everything was fine. The only statement they have made thus far to explain is that they have lost the licensing rights to the domain name, which sounds like a total spin job to me because having your domain seized by the U.S. Dept of Justice for running an illegal gambling operation, as it says, is not the same damn thing as losing your rights to the domain name.

Well, I was quite shaken by this development so I immediately made plans to begin minimizing my exposure with Bookmaker as my account has grown to just over $10,000 now. I immediately made a withdrawal request for another $3000 this past Tuesday, the 24th of May. Later that day, I noticed that the funds had not been deducted from my account so I decided to inquire via the live help option on the website. I was assured everything was fine and that the 15 day time frame to receive a payout included the whole process of deducting the funds in addition to the actual receiving of funds. So, I said okay fine but after what had just happened, they suddenly had a cloud of suspicion hanging over them as far as I was concerned. By Wednesday, they still had not processed my request so I went online and accessed the live help option again. This time I was told that the agent could see where I made my request for the $3,000 but that it was on hold until I agreed to the fees. I said, what fees? It's supposed to be a free payout. he told me that I had selected the (*******) option and not the (****) option which is the free payout method. I don't know, perhaps I did, but they didn't contact me or anything to let me know this. They were just going to leave me hanging apparently until I called them. So, I said okay, if I did that then let's change it to the *************** method and let's get this taken care of. He asked if he could put me on hold for a minute and when he came back, to my surprise, he informed me that the (***) processor was down. He placed me on hold again and when he came back I was suddenly not eligible for the (***) payout method due to a lack of account history....HUH? Then he said we could do it that way but that it would be a $15 fee. What happened to the processor being down? You want to to talk about a head scratcher...we went from the processor being down, to I'm not eligible due to a lack of account history, to we can do it but there will be a $15 fee! The lack of account history was the biggest laugher of all! Exactly where in the Hell does it say anything about that on their website? NOWHERE! What the Hell does that even mean anyway? This was to be my 3rd payout and this was the first time I had heard anything about this. Naturally, by this time, I realized these people were totally full of SHIT! The agent told me to call the customer service number in the morning (Thursday), which I just did. The agent I spoke to never mentioned anything about a processor being down and he informed me that they no longer do free payouts and hadn't in a long time. I said, well, that's pretty damn interesting considering I have only been a member for a little over two months and had already received one free payout and had a second one processed, deducted from my account, and "supposedly" on it's way to my checking account (at this point I will believe it when I see it). He said, really? Like he was surprised. So, it has not been a long time and if it had, wouldn't they have changed that information on their website? I asked him if I could cover the $15 fee with bet points and he asked to put me on hold. When he came back he said I could and that it would be deducted today and taken care of. Of course, at this point I don't have any confidence in anything these people are telling me. We'll see what happens.

Here's what I think....these people are in trouble! I think when players tried to log on to the site at the beginning of the week and got greeted by a message from the United States Department of Justice stating that the domain had been seized as an illegal gambling site, it created a situation similar to a run on banks. They were probably inundated by withdrawal requests and they are trying everything they can, including lying, to delay requests or just flat out ignore them. I just have a really sick feeling in the pit of stomach right now over all of this. Although I didn't submit this story via the complaint link, clearly it would have been justified. I'm waiting to see what happens but at the very least these people have proven to be total liars and therefore, I am very suspicious they are outright crooks as well. If they are in some big trouble that we don't know the details about, then it would not surprise me if they disappear......soon!

[John Dough]

Oh good grief! Two posts and a BM customer for all of two months and you think you have the inside track?

Yes, there was likely a run on the bank, and yes, they likely had to switch processors for certain methods... which may have caused them to change limits and/or fees for these methods. This has all happened in the past 4 days, so it's also likely that they are still getting things sorted out and customer service clerks are not quite up to speed on everything.

The bottom line is that BM has been around forever and has plenty of funds. Bill Dozer has even posted that they have enough money to cover balances many times over. Take a deep breath, try to remain calm, and realize that it's quite possible that no one is lying or stalling. Payouts are not exactly simple in the current environment, especially during a run on the bank whilst switching processors.

You're certainly entitled to your opinion, just thought I'd share a differing opinion. Hope you get paid sooner rather than later, but I have little doubt you'll get paid.