Posters your help is needed pre Watchdog Conference

Buzzsaw · Aug 10, 2004

We need you guys to help define the following question:

"How long of period of time should a book go after a slow-pay history before it is officially considered NOT a slow-pay* book.?"

*assumes there are no further slow-pays

Feel free to post another time frame if you have a different opinion from choices listed.

Of course I don't make the rules but I would appreciate those attending the meeting to refrain from arguing or stating their position until the players have been able to weigh in.

Journeyman · Aug 10, 2004

Buzz, I think you would have to be more specific to get a real strong opinion...

A slow pay history like Royal ?

I'd say a minimum of 6 months from last verified slow pay...

newton0038 · Aug 10, 2004

I believe if you had 5 years as an option 85% of everyone who votes will be on that time frame. If you have ever been the victim of a books bullshit just to hang on to your money that much longer, IMO most people want to take their money and run out of a book that slow payed them. With the competion seemingly growing everyday and more to come in the following weeks with foots about to start, <span class="ev_code_RED">SLOW PAY IS A NO PAY UNTIL YOU GET YOUR CASH!!!</span>

SportSavant · Aug 10, 2004

depends wether it is a couple of isolated inncidents...

or a string of systemic incidents....

Buzzsaw · Aug 11, 2004

OK. I would say a "normal" slow-pay mode but each one is unique.

Dante · Aug 11, 2004

I would say min.time 6 months

TheGeneral+ · Aug 11, 2004

You know, as I ponder this question I keep thinking it is important to know the reasons for slow pays obviously. There can be many reasons for a slow pay to occur. Not going to say it is right under any circumstance, but it can happen. Buzzsaw, if I call a book today and they say all payments have been made and this is why that it happened and we have repaired this issue, then I think 90 days is very sufficient to see if any further occurrences happen. If the book can go 90 days without a legit slow pay then I see reason to feel good they have fixed the issue.

THE SHRINK · Aug 11, 2004

Good Topic Buzzsaw!

I'd really love to hear from more of you about this....

THE SHRINK

SBRBillDozer · Aug 11, 2004

The General brings up some good points. It is possible that a slow-pay may be due to customer service mistakes. They may offer to rectify the situation and may be honest about the error. It is still a slow-pay.

I think the normal slow-pay that Buzz is talking about is when the book simply misses the payout date. This isn't normally a one day error. This slow-pay shows the inability or lack of desire to pay on time.

When a book shows signs of a weak accounting department, we can not be too cautious. I would vote 6 months. A big deposit bonus program or a decent month of football can keep books a float for a couple months.

THE SHRINK · Aug 11, 2004

SBR,

Since a slow pay of only 5k with one account is different than a slow pay of 100 customers totalling 100k, perhaps 6 months is not going to work in all cases, but I do think it is an excellent starting point...

Ken

TOW · Aug 11, 2004

As other are pointing out there has to be an identified trend to define a book as a slow-pay operation. I'd say 5 to 6 simultaneous complaints could be a perfect red flag to identify the slow pay Book.

"Probation" should be at least 3 months from the the date of settlement of the slowpays.

Buzzsaw · Aug 11, 2004

Guys,
This will never be a perfect science. But, here is a thought;

After 3 confirmed slow pays in any 90 period a book should at least enter a "Slow-pay watch". The 4th slow pay in the same 90 day period could eleveate that to an official status of a slow pay book.

I can already hear the Sportsbook.com & SIA apologists crying foul. They have a reasonable arguement that these big books handle more clients.

But when it comes to slow-pays, no player should be left behind right? These big books also have bigger budgets and an equal arguement could be made that they should never have a slow pay.

THE SHRINK · Aug 11, 2004

I agree with you on this point Buzzsaw...

3 strikes and you are out...

errr...slowpay

P.S.

Can you shoot me an email?

Ken

Buzzsaw · Aug 11, 2004

Tough crowd. I was thinking 4 months would be a slight favorite.

panther · Aug 11, 2004

I voted for 90 days without a slow pay.

it would have to be more than one occurrance to be considered a slow pay at all imo

panther

Satan'sStory · Aug 11, 2004

Buzzsaw, shrink, TOW Cut the CRAP!

WE all know if a book has one(1) slow pay there is a SERIOUS cash management problem/or unprofessionaly managed payout system.

If they DO NOT have the players post-up monies READY-To-GO then that means they are playing with players hard-Earn monies and DO NOT have the right amount of "Cash Reserves" to professional run this type of business.

Anything else you try to feed us means that you just keeping a BLIND EYE to the above FACTS.

Buzzsaw but to answer your unprofessional question...the minimum should be for at least 12 months, an entire season.

If you are really going to be REAL WatchDOGs for the PLAYERS.......you have to STOP helping Unprofessionally ran and UNDER funded books as in the long run it hurts everyone.

Satan'sStory · Aug 12, 2004

.------------------------------------

Beezelbub's Tales to his Grandson...

Satan'sStory · Aug 14, 2004

When you drunken boys stop slobering/tripping over each other and sober up how about a serious reply to the above?

Thanks

Satan'sStory · Aug 16, 2004

When you drunken boys stop slobering/tripping over each other and sober up how about a serious reply to the above?

Thanks...

Fishhead · Aug 16, 2004

Satan- I personally attended the watchdog meeting and will give more of my thoughts on what transpired when I arrive home.

However, speaking strictly from a players standpoint, you as a player should feel very lucky to have the likes of TOW, SBR, and SHRINK involved in this industry.

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