BetPanAm Theory.

goodtowin · Jan 5, 2004

I need to post this warning as I see trouble signs. They have slow payed both myself and a friend of mine within the last week. Now is it really a slow pay you be the decision maker here. They claim that their Flex card puts them ahead of the pack well if it is not funded and you put in a payout request and you cant receive your funds I consider this a slow pay. It happened twice this week once to me and once to my friend. They did to their credit offer my friend Western Union. My problem is they said the players were short sighted in requesting payouts right before Christmas, I say the book was short sighted in not having the funds to cover this.
Another warning sign is the ticket #'s if you are a customer there take a look at the tiny amount of tix they are writing in a day it is almost nothing now they are advertising everywhere but the arent doing much business if you cant write tickets in football season what are you going to do the rest of the year.
There limits are small and they dont even honor them they move the line before you can play it.
My theory is there investors are probably pissed they arent getting the windfall they thought they would get and thats why they havent funded the flex card and they are using post up funds to pay winners via western union or netteller.
In summary these are strong warning signs I wish them luck but I wouldnt feel safe sleeping at night with big cash there.

[This message was edited by wilheim on January 05, 2004 at 03:56 PM.]

Dante · Jan 5, 2004

Good, have you talked to Scotty? he is quick to handle customer problems that I have seen on here ...Just a thought

buddyboy · Jan 5, 2004

I don't have an account there so could you give us a few examples of times and tix #'s ?

thanks

Journeyman · Jan 5, 2004

How can you be certain how much action they get from the number on the ticket ? I don`t think that says anything really...

Did they offer to pick up the WU fees? I believe they offer one free WU (which is great IMO)

lander · Jan 5, 2004

Credit players aren't reflective in ticket numbers. My guess is as good as yours, but it's very likely that Marty and Scotty brought alot of loyal credit guys with them given their outstanding reputations.

HaveAGoodOne · Jan 5, 2004

I feel most complaints are genuine but without a real explanation it's hogwash. Some persons just like to bash someone because they benefit certain groups of people. It only hurts the complainer in the long run. If this is legit then someone from the site should be man enough to settle this dispute.

wilheim · Jan 5, 2004

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR> Another warning sign is the ticket #'s if you are a customer there take a look at the tiny amount of tix they are writing in a day it is almost nothing now they are advertising everywhere but the arent doing much business if you cant write tickets in football season what are you going to do the rest of the year.
<HR></BLOCKQUOTE>
Pure speculation.

Goodtowin, does BetPanAm owe you money that you have asked a payout for right now?

wil.

goodtowin · Jan 5, 2004

As far as the ticket #'s in certain books it says alot. Books that have their ticket #'s and transaction #'s in different sequences allow you to see how many tickets are being written for the whole day if you place a wager in the am and then place another at night you will get 2 ticket #'s you can see how many tix were written. I placed a bet at 930am and another at 850pm and they had only done about 300 tix that is scary. Do what you want but I would not play big cash there until they make it to next football season and they keep thier flex card funded

maxdemo · Jan 5, 2004

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR> How can you be certain how much action they get from the number on the ticket ? I don`t think that says anything really...
<HR></BLOCKQUOTE>
I think it is a good gauge on the number of wagers taken during a time period. For ex if ticket 100 was produced for the 12:00 games then Tixket 586 for the 3:00 games, would show that they took 485 wagers between the 12:00 bet. IMO dont books use one set of ticket numbers for all transactions. i would think that it would be the best way to track their take for the day. JMHO

wilheim · Jan 5, 2004

Goodtowin I edited your topic until more concrete evidence of a problem is presented.

wil.

goodtowin · Jan 5, 2004

I am not owed any money at this time and I will not be posting up anymore so that can never happen again but when I am told on a Saturday morning I cant get paid my full amount until monday I am concerned.
Lander you are right with the credit part but I am saying they are not doing alot of post up business.
As far as speculation the proof is in the pudding they are open 6 months they are not doing alot of business and the slow pay stories are starting to surface check out the other post about pan am also they are not funded in their flex card and they simultaneously offer a 10% bonus. You be the judge

goodtowin · Jan 5, 2004

Wil
I feel that is wrong I am willing to prove anything you want we can even get on a 3 way call with them and see if what I am saying is the truth. You can e-mail me at acf4199@aol.com and we can set this up. I am tired of lousy books making promises and changing the rules as they go.

TheGeneral+ · Jan 5, 2004

goodtowin,

Thanks for sharing your story. I am certain that the guys at Panam will read, note, maybe reply here, and most of all work on any problems noted.

Peace

wilheim · Jan 5, 2004

The fact is players are being paid, including yourself. As far as your friend goes, you must be aware of his situation. You posted a warning about a book that just paid you. Your ticket theory is noted. When you have some real PROOF of a major problem, feel free to post it. Until then, I see no need to bash this, or any other book with the allegations (investors pissed, etc.) you have submitted.

wil.

Journeyman · Jan 5, 2004

My point being, how do you know for certain the ticket number counter moves one number at a time? I just don t know that that can say for certain who is writing how much...

Does anyone know this for certain that each ticket moves one at a time? Or some books could have different ways a tracking this...I have seen the ticket number move drastically in a minute or two where there was no way that many wagers could have been placed, thats why I said that...

Revere14 · Jan 5, 2004

Ticket numbers dont necessarily mean anything. A book might have a huge gap of numbers but depending on how the software works, it could create a ticket number every time someone selects a wager, even if they dont actually confirm it. Also someone logged in as a guest and betting with fake money as a test could also be getting ticket numbers.

Revere14

goodtowin · Jan 5, 2004

Wil
State the facts as they are you want facts the fact is they slow payed me I can prove this and I am willing too.
Fact
Their website stated they took basketball teasers in the call center for 2 dimes. I called the call center and was only given 1 dime and told the line would move. The next day they change their website to read limits subject to change well they should have honored my bet/ You are just a schill for your advertisers by changing my topic name and defending an advertising boo. If this was a non advertiser you wouldnt give a darn. You are a schill.

Banned4Life · Jan 5, 2004

Scotty from BetPanAm will be in a live chat at another forum tonight, if you want to ask him anything or to harass him or whatever. I'm not posting this as a plug for that other site merely as information for those who want to ask him something. If you want to remove this post that's OK but I felt that this would help a few people.

TheGeneral+ · Jan 5, 2004

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR> If this was a non advertiser you wouldnt give a darn. <HR></BLOCKQUOTE>

You are wrong and your perception is off. Seek 1st to understand and then to be understood Sir. You stated for players to stay away from BetPanAm & that is fine. Now, the masses can make up their own mind.

As I said, Thank you for the post.

BSBboy · Jan 5, 2004

an administrative oversight that was corrected is hardly a slow pay...

however, the number of betting tickets, is an issue i would keep in mind. if you look at the tickets numbers over a series of days you should be able to do one of two things... one get a good idea of how much they are writing or two, determine there is no way to tell.

keep in mind that in this case it would only give an indication of post up which may or may not be a big part of their business...