1. #1
    Max
    Max's Avatar Become A Pro!
    Join Date: 10-30-07
    Posts: 30

    Sportsbook wire transfers

    Does anyone know why Sportsbook would only send bank wires if they are $5000 or more? Seems like they could send them for less. Just curious.

  2. #2
    bigboydan
    bigboydan's Avatar Become A Pro!
    Join Date: 08-10-05
    Posts: 55,425

    Usually books do it because other processing methods will fly under the radar on anything under $5,000.

  3. #3
    durito
    escarabajo negro
    durito's Avatar Become A Pro!
    Join Date: 07-03-06
    Posts: 13,173
    Betpoints: 438

    the greek's minimum outgoing wire is $10,000

  4. #4
    Pokerdogg
    Pokerdogg's Avatar Become A Pro!
    Join Date: 04-18-08
    Posts: 57

    Probably due to cost. I don't know what they would pay, but for a retail customer like me at my bank, it cost $6.50 for a bank draft, and (I think) ~$35 for a international wire. It cost nothing for a regular cheque.

  5. #5
    cinpls081
    cinpls081's Avatar Become A Pro!
    Join Date: 05-09-08
    Posts: 655

    they are charging 2% so cost should be an issue. My guess with the 5K is 98% of accounts at that joke of an opperation are under that amount.

    I have 2 pending wires from these freaks. My 2cents is the problem is with the US gov not with all the books.

    Why in the world would they not want to pay the players? It makes little to no sense.

  6. #6
    RogueJuror
    RogueJuror's Avatar Become A Pro!
    Join Date: 07-08-08
    Posts: 10,010

    Quote Originally Posted by Max View Post
    Does anyone know why Sportsbook would only send bank wires if they are $5000 or more? Seems like they could send them for less. Just curious.
    They can send a wire for $5 if they wanted to, there's no minimum at banks, but it's a hassle and they do it to discourage the regular player.

  7. #7
    sbruinedmylife
    sbruinedmylife's Avatar Become A Pro!
    Join Date: 07-15-08
    Posts: 99

    ya they will do them for less if u bother them enough but it has to be at least like 1,500

Top