Example of diff. between a GOOD book and a SH*T book...

ppeter · Dec 10, 2005

Take CANBET, where I placed season wins futures on Saints under and Jets under. Canbet, to their credit, have paid out the props already as it is mathematically impossible to lose these bets. They know out of gratitude, I will continue giving them action with my winnings and they will have a fair shot of winning it back. If history, is any guide, I will probably just piss it all away to them.

Then take BODOG, where I have the same wagers. BO decides to jealously guard paying out these wagers, "hoping" for the one in a billion chance the NFL season is somehow "cancelled" so they can avoid paying out these winners. Therefore, the MINUTE THEY PAY, I AM OUT OF THERE WITH MY WINNINGS, AT A HANDSOME PROFIT. You wanna be tight with your money? Then I will be tight with mine. Simple as that.

Its called "penny-wise pound foolish" books. Give your customers some breaks, and they will remember and reward you with their action. :103631605

REDEYE · Dec 10, 2005

I believe Bodog is the most overrated Shop i have ever been involved with. hell they don't even have Bowl lines up yet.They cheated me on a fight bet a few years ago and I haven't forgotten it. decent shopif you like the dogs though

Insiders · Dec 10, 2005

ppeter.

Well said. I dont blame you one little bit. BoDog is sponser here and on live lines....right?

Hitman26 · Dec 10, 2005

I've never understood why books don't payout when it's mathematically over. It makes the customers happy and gives the books a chance to get their money back quicker. Stupid books.

ppeter · Dec 10, 2005

Hitman26 said:
I've never understood why books don't payout when it's mathematically over. It makes the customers happy and gives them a chance to get their money back quicker. Stupid books.

\

Books like Bodog like to act "corporate" and hide behind rigid rules (like 16 games must be played for there to be action---standard vegas rule, blah blah). Of course they only hide behind such rules when it is convenient (they don't want the hassle of making exceptions) and financially beneficial to them.

Its like the difference between playing at Binions (in the old days) vs. Harrahs. If someone came with a suitcase of cash, Benny Binion would quietly put aside the $5000 max wager sign, take the customer to the back room, and GAMBLE. The same guy goes to Harrahs, and a 21 year old clerk making minimum wage makes him fill out IRS forms to bet the $5000 limit because the "rules" require it.

How ironic it is that Harrah's bought out Binions, but we are talking about the old days, when Benny's customers rewarded him with their loyalty, enabling him to amass that fortune of gold and silver buried in the dessert....but that is another story.

beetman · Dec 12, 2005

ppeter said:
Take CANBET, where I placed season wins futures on Saints under and Jets under. Canbet, to their credit, have paid out the props already as it is mathematically impossible to lose these bets.

That's odd, my Green Bay under 8 wins is still listed as pending.

beetman · Dec 12, 2005

My Green Bay bet is at Canbet, I mean.

JudgeWapner · Dec 12, 2005

I would only have a problem if a book was grading the losers and not the winners. Alot of books don't grade futures till the end of the season. However when a book grades the winners early, they do deserve props.

mson · Dec 12, 2005

I am still waiting on my under 9 Jets win at MVP Sportsbook, But I got out of there long ago and when they pay me for that I will get it and go as well.
Agree with you ppeter all the way, some books have class and others don't!!!

CY18 · Dec 12, 2005

Maybe the books have been hit hard this year. I have never had a payout problem with Bodog. Usually pay five minutes after the result. Some books don't pay out at all. At least Bodog does. So you have to wait a little longer. It happens. Obviously we don't have much control depositing into offshore books. We all have choices. You got problems go somewhere else.

Chris

JackStraw77 · Dec 12, 2005

Please let the NFL season be cancelled, I will come out way ahead at BoDog.

JackStraw77 · Dec 12, 2005

Oh, by the way. No Las Vegas Book will pay you on a season over under until the conclusion so what BoDog is doing is exactly like Vegas. Also BoDog is as safe an offshore shop as there is. I don't like them dealing me a sharp line but I know I will get paid.

RobFunk · Dec 12, 2005

ppeter said:
\

Books like Bodog like to act "corporate" and hide behind rigid rules (like 16 games must be played for there to be action---standard vegas rule, blah blah). Of course they only hide behind such rules when it is convenient (they don't want the hassle of making exceptions) and financially beneficial to them.

Its like the difference between playing at Binions (in the old days) vs. Harrahs. If someone came with a suitcase of cash, Benny Binion would quietly put aside the $5000 max wager sign, take the customer to the back room, and GAMBLE. The same guy goes to Harrahs, and a 21 year old clerk making minimum wage makes him fill out IRS forms to bet the $5000 limit because the "rules" require it.

How ironic it is that Harrah's bought out Binions, but we are talking about the old days, when Benny's customers rewarded him with their loyalty, enabling him to amass that fortune of gold and silver buried in the dessert....but that is another story.

Awesome post. I just love Binion's and all the lore that goes with the place. Benny Binion, a very fascinating story that is for sure.

ChuckSims · Dec 12, 2005

BoDog will pay as long as you keep sending them money. You see, they avoid paying winners by tossing them to the curb. So when I read people recommending them because "they're safe", I just scratch my head. What do you mean by safe? You mean I can safely lose my money to them?

TheShotDoctor · Dec 12, 2005

Agree..........................

Hated BODOG!
Slow posting lines...Not my kind of Book!

MR. NW :suomi:

guildda · Dec 12, 2005

You've gotta throw pinnacle in the same lot then. They refuse to credit my bears over 6.5 wins even though I have a pending Cowboy's under for more that would offset the bet on the one in a million chance the season is cancelled. Apparently they enjoy eating neteller fees

BAGIANT · Dec 12, 2005

I first contacted Canbet when my Eagles under 11.5 bet was won...5 losses...and they told me they settle at the end of the season. This past week I showed a credit in my account and found out they had settled my Jags over 8.5 bet. I then got on live chat and asked them about the Eagles wager. They looked into it and while I hung on they said they would contact the company that settles the bets. I'm not sure what they meant by that. But sure enough they came back and told me my money was now in my account.

It's not only Bodog that doesn't settle. I asked CRIS about my Giants over 6.5 wager and they said they would settle at the end of the season. So I guess each book has their own settle up time. Doesn't make CRIS a sh*t book does it?

PatrickMcIrish · Dec 12, 2005

Of all the BoDog complaints, and I have some myself, it's hard to knock them for this one. The vast majority of books offshore and every Vegas joint I know of is going to make you wait until the stated parameters of the wager have been fulfilled. Wasn't that long ago was it that a baseball season was cut short for wagers? Seems like it happened about 5 years or so that some season long bets were cancelled, I could be mistaken on that.

Either way though as a book you have got to absolutely avoid situations (no matter how remote) where you could conceivably do nothing but pay out on wagers. Let's say they paid the winners early like everyone wanted and then the season was cancelled or a team that had no shot at the playoffs ended up not playing the required games. You had damned well believe that the people who had no chance to win but not enough games were played are going to want their money back. So you end up paid out the winners and had to give back the money for what would have been losing wagers.

There are other reasons for it as well, paperwork and legality stuff can make it hard to do. This is one of those things it sounds nice and easy for a book to accomodate the players but it can always blow up for you and ends up just being more work than it is worth. The minute you don't expect the unexpected guess what shows up? LOL. Anyway don't attack me, just playing devil's advocate here.......

:howdy:

TTinCO · Dec 12, 2005

As a general rule(one that I'd have to think that most of you know), season total win\loss plays are graded at the END of the season.

Any book grading them prior to that is doing you a big favor.

BAGIANT · Dec 13, 2005

Besides, it's like a forced savings plan!

Example of diff. between a GOOD book and a SH*T book...

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