Why do offshore books prefer credit over postup?

unstoppable · Dec 8, 2003

My first sense is I would rather have the money on hand (postup) instead of giving some guy in bum****, nowhere credit with virtually no chance to track him down if he stiffs me.

I would also think u get more square money through postup since any joe can hop on the Internet and give his money away, while getting a credit account would require a deeper familarity of the business and usually a greater understanding of sports betting.

But I see shops like BM and BetEuro closing their postup side but keep the credit side running. Why are they able to make such good profit on the credit side and not on the postup side?

TTinCO · Dec 8, 2003

Scammers
Hassles
Assholes
Bonuses

raiders72001 · Dec 8, 2003

Bonus, advertising, fraud

unstoppable · Dec 8, 2003

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Scammers
Hassles
Assholes
Bonuses <HR></BLOCKQUOTE>

And none of these undesirables exist on the credit side?

unstoppable · Dec 8, 2003

And who is holding a gun to their head saying they have to give postup bonuses?

raiders72001 · Dec 8, 2003

Why would you post up money with a book not giving a bonus when another book will give you the bonus? I really don't look for bonuses as vig is more important to me but if two books offer the same vig and similar lines of course I'm taking the bonus.

Java · Dec 8, 2003

A few possible motivations for credit over postup:

1) If the book is dealing with an agent they know/trust, then the Agent is responsible for the players. If a bad player stiffs, the Agent is the one that has to make good on it. The risk is if the credit Agent is tryig to screw you.

2) No Neteller, WU, etc fees or chargebacks.

3) No bonuses.

4) Because balances are less of an issue, calls are generally processed faster.

One downside is that credit players tend to use the phone more than the internet, so you might need a few more phone clerks than for the same number of postup players (but you need fewer in customer service).

Chadster · Dec 9, 2003

when you win credit say 750k winner and you only get paid 500k and the other 250k was laid down and not paid, it's like that 250 wasn't real. It never is real until the green is in your hands.

oscar · Dec 9, 2003

Credit books can also charge full prices for parlays, teasers, 11/10 in baskets and football plus 15 and 20 cents in bases.

Jay even though that 250k wasn't collected the agent still owes it. It's very real IMO. Or at least the % that goes to the book is real.

Chadster · Dec 9, 2003

laid down = you ain't getting your money agent ran off whatever

i dealt with credit plenty long enough to know not to get excited about a big week until the money was in your possesion.