What Do You Think Is The #1 Reason Books Slow Pay??

THE SHRINK · Apr 5, 2005

<b>WHAT DO YOU THINK IS THE #1 REASON BOOKS STALL BEFORE PAYING OUT?</b>

My answer is porbably NOT what many of you may think...

But, I'd love to hear some replies first...

Thanks,

THE SHRINK

D2bets · Apr 5, 2005

1. Hoping that the player wagers and loses the requested withdrawal money while waiting to get paid.
2. Discouraging rapid withdrawals to save transaction costs
3. Laziness
4. Waiting for deposits to come in to cover the withdrawal

Fishhead · Apr 5, 2005

The abundance of Holy Weeks on the calendar.

-FISH-

G.MONEY · Apr 5, 2005

Because They Are Taking The Deposits And Betting Them, There Self's And Getting Hammered......

PokerKingJim · Apr 5, 2005

Hoping that you will wager some or all of the money prior to the withdraw going through.

randyrohm · Apr 5, 2005

Personally I think it is either the book is in trouble or they are, in the only way they can, punishing the players who keep them from being insanely rich.

ApolloKid · Apr 5, 2005

Same reason people slow pay their monthly bills, they don't have enough money to cover all the bills. They have some, but not enough to pay out and cover other expenses.

That seems like the easiest answer so I doubt it is true.

Kiss1 · Apr 5, 2005

Greed, Cash Flow Problems and losing ROI's.

DarrylParsons · Apr 5, 2005

Depends if it's in the policy or not...if it is, like with Intertops or SIA then I agree
with D2's number 1 and 2. For the others I'd say:

1. Bad cash flow management
2. Can't believe a player can win fair and square so they take time to check all bets and transactions to see if there is a mistake or some way to pay less or not at all
3. Bad financial health, not just cash flow.

JimFiestSux · Apr 5, 2005

They slow pay winners hoping you would go elsewhere! If you are a steady loser always in the red, you will get paid same day or like clockwork. Just like esb is doing. I'm sure many people still get paid cause these are players that will never get ahead!

THE SHRINK · Apr 5, 2005

These are just my beliefs as I don't think there are any objective ways of knowing for sure...

D2bets named it first...

1. Hoping that the player wagers and loses the requested withdrawal money while waiting to get paid.

This is a ploy utilized more than gamblers can imagine by some sports books...

The number 2 reason is the obvious...

2. Lack of available funds.

THE SHRINK

assassin · Apr 5, 2005

Darn, I thought it was high advertisizing costs.

CHOPTALK · Apr 5, 2005

THE SHRINK said:
These are just my beliefs as I don't think there are any objective ways of knowing for sure...

D2bets named it first...

1. Hoping that the player wagers and loses the requested withdrawal money while waiting to get paid.

This is a ploy utilized more than gamblers can imagine by some sports books...

The number 2 reason is the obvious...

2. Lack of available funds.

THE SHRINK

Why would a player gamble with the money that he is supposed to recieve a payout from?

blueedwards · Apr 5, 2005

because they can. they hold you money. they are located in a third world country. 95% of gamblers do not even know about the r/x or other sites.

they got you by the balls.

edub69 · Apr 5, 2005

choptalk said:
Why would a player gamble with the money that he is supposed to recieve a payout from?

That's a good question, yet people do it. You're sitting around waiting for a week for your money, you see a game you want to bet on, and instead of depositing more money you bet from your existing balance. This happened to me a few years ago - I was waiting for an $8000 payout, doing the usual BS with faxing your credit card, ID, etc. that non top-tier books make you do to get your money (stalling tactics, I've heard them called). Then Villanova had that phone-card business where they had to suspend half of their players, so I threw $1000 on Pitt - 10 against an undermanned Villanova team starting two walk-on players, but Villanova played the four corners offense the whole game and almost ended up winning. Long story short, I made sure to get my payout squared away immediately, but I could see someone in that situation trying to chase their loss and squandering a lot of the money that they were already waiting to be paid. That makes me think that the number one reason for the slow-pay tactic is that they hope it turns into a no-pay, because you act like an idiot and lose the money you're waiting to receive.

OMNIVOROUS FROG · Apr 5, 2005

The #1 reason is they do not pay on time.

Best Wishes...OF:howdy:

CHOPTALK · Apr 5, 2005

edub69 said:
That's a good question, yet people do it. You're sitting around waiting for a week for your money, you see a game you want to bet on, and instead of depositing more money you bet from your existing balance. This happened to me a few years ago - I was waiting for an $8000 payout, doing the usual BS with faxing your credit card, ID, etc. that non top-tier books make you do to get your money (stalling tactics, I've heard them called). Then Villanova had that phone-card business where they had to suspend half of their players, so I threw $1000 on Pitt - 10 against an undermanned Villanova team starting two walk-on players, but Villanova played the four corners offense the whole game and almost ended up winning. Long story short, I made sure to get my payout squared away immediately, but I could see someone in that situation trying to chase their loss and squandering a lot of the money that they were already waiting to be paid. That makes me think that the number one reason for the slow-pay tactic is that they hope it turns into a no-pay, because you act like an idiot and lose the money you're waiting to receive.

If a sportsbook sees you playing money that you requested for payout. They can easily justify cancelling the payout, assuming you changed your mind.

edub69 · Apr 5, 2005

choptalk said:
If a sportsbook sees you playing money that you requested for payout. They can easily justify cancelling the payout, assuming you changed your mind.

Exactly. That's what they're hoping you will do, and that's why they take their sweet time paying you. If they're really lucky, you'll start losing and chasing until there's nothing left to pay out.

blueedwards · Apr 5, 2005

edub69 said:
Exactly. That's what they're hoping you will do, and that's why they take their sweet time paying you. If they're really lucky, you'll start losing and chasing until there's nothing left to pay out.

done it.

RPM · Apr 5, 2005

could be just to make the books look good for that month.

What Do You Think Is The #1 Reason Books Slow Pay??

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