One year later- Is the Offshore world improving faster or slower than you thought

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Rx Wizard
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From what I read around here it seems like alot of people have DRAMATICALLY lowered their offshore involvement in the past year.

I have tried to stay positive and play in as many books right now as I did a year ago (8-10 at a time). I will admit I think back on how much easier this use to be moving money and it makes me mad but we move on and deal with the hand we are dealt.

Here are 2 questions I would like to discuss:

1) Did you expect us a year later to be where we are at right now with offshore betting, are we further along or not? I am not sure how to answer this either way. There were alot of people talking about how everything was going to blow up and the offshore world would be dead in the United States. Then there are people who were saying a Neteller type company would be here in no time which we know never happend. I guess if I had to answer it I think I hoped we would be a little further along than we are but if you have to move money around it isnt that difficult as most make it sound but it does take time and with todays world of "at your fingertips" technology it kind of sucks having to put this sort of effort into this. As far as the safety issue I think there will always be poetential for disaster in this business but I would have to say that we have avoided it (knock on wood) and I think most would have to agree we are doing alot better than everyone thought on this regard.

2) How do you see the future of the offshore world? I think it can only get better but it seems like everyone has fallen into a wait and see approach and I dont see anything changing for a while (that might not be a bad thing). I assume when we hear about big changes it will take a while to get back to even where we use to be but I would have to think the offshore world will be stronger than ever when this happens. I am sure most believe that a new President would be the best thing for these changes to occur but even than arent we at least a year away from anything really happening? Will a "Neteller" type company emerge in the next year?
 

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ICEMAN-- i wish you would get on your high horse and get offshore gaming regulated and taxed by the US government.

I know of no one that I would want as a lobbyist in D.C. than you.
 

Rx Wizard
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ICEMAN-- i wish you would get on your high horse and get offshore gaming regulated and taxed by the US government.

I know of no one that I would want as a lobbyist in D.C. than you.


I wish so too buddy. Dont know what you got till it's gone. Not sure a day goes by when I don't think how great this use to be and never really realized it when it was going on.

I am not even asking for the regulating and taxing, heck I will just take it the way it use to be and I would be happy. Plus regulation and taxing it makes too much sense for the government, :lolBIG:.
 

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I wish so too buddy. Dont know what you got till it's gone. Not sure a day goes by when I don't think how great this use to be and never really realized it when it was going on.

I am not even asking for the regulating and taxing, heck I will just take it the way it use to be and I would be happy. Plus regulation and taxing it makes too much sense for the government, :lolBIG:.

It sucks...........sportsbetting is 100x more enjoyable, profitable, and relaxing than playing poker.
 

Rx Wizard
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It sucks...........sportsbetting is 100x more enjoyable, profitable, and relaxing than playing poker.


Been meaning to ask you this, have you ever thought about moving back to Vegas?

If not why, not as easy as offshore to do what you do, getting older,etc? Just wondering why you don't go back there for a few years or is that completely out of the question?

How old where you when you were last living there and why did you move from there?
 

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I am unsure how to answer the first question, however, I am concerned for the future of he offshore industry. There will almost certainly be offshore books forever. The problem I see is the continuous government intrusion that makes moving funds increasingly difficult. Looking back the last few years we have Party Poker - probably the largest poker room at the time - getting out of the US market. Then arguably the best sports book that ever existed, Pinnacle, got out of the US market. Then came the Neteller debacle. This was all the result of implied threats or direct action by our government. I fear that they will attempt to further harass and make life difficult for the financial institutions and hybrids that are the bedrock of this industry. I know there will always be ways of transferring money into books and getting paid, however, when does it become more trouble than it is worth? Having said all that, I do immensely enjoy doing business offshore and hope that our government will focus on solving our domestic problems like health care and the ungodly federal debt.
 

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Hard to say whether its better or worse, I say about the same.

I still don't understand why there hasn't been a book to book transfer system developed to move money around. Some books do this already, 5dimes to matchbook, greek to matchbook, etc. Cris books do this but charge high fees. Why not have a 3rd party company do book to book transfer's similar to what we could do with neteller but this company would not do payouts or deposits, that would be the book's responsiblity. I think this would help a number of players.
 

Rx Senior
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I say slowly getting better

....but the general public hasn't accepted this yet....so the fruits of labor (from the books) aren't really being seen yet.

Locals must've really benefit from the past few years
 

Cui servire est regnare
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With solid books like thegreek and Betjam, its like nothing happened at all. Feels better than 1995-96 with ESB, maybe not as good as the days with pinnacle and neteller flowing back and forth, but essentially no problem.
 

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I think the industry is doing better than many expected myself included.I remember everyboby in panic mode after BOS and the neteller issues, I recall asking some people what they thought and the responses were "I think this is it" "3 months max" "right after spuerbowl" and I'm glad that was not the case.
I'm no Nostradamus but I do see things getting back to the way they were and I do see a neteller type business comming around in the future.
One of my all time favourite phrases, "prepare for the worst and hope for the best" Hope it all works out...
 
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I've been wagering on sports for over 15 years now. Yikes! I started out with accounts at 2 books, but when Neteller became available I had active accounts in up to 12 books. Now it's down to 6, and is likely to decrease even more.

The problem for me is that I do lose more than I win (I don't spend more than I can afford), and because of that I usually need to deposit $ about once a month. When neteller was around, I could move $ between multiple books in a matter of seconds, and although it took a few days to get funds from my bank into my neteller account it was pretty much a worry free operation. Yes I can still get money into books, but it's much more of a pain in the ass - the same goes for withdrawing funds.

If something similar to neteller doesn't come along soon, I may just give it up because it's not worth the aggravation. As weird as this may sound I wager on sports primarily for fun and it's becoming a lot less enjoyable now that the government has made things more difficult. I admit that I was spoiled by the convenience of neteller and I don't really enjoy going back to the old ways of funding my accounts.

My guess is that the books would like to have a universal convenient payment/funding process in place but everyone including the banking industry is unwilling to take on the big bad U S of A.

I do think there are still some very solid offshore books, but I will never have complete trust. I guess it's a risk I'm willing to take. I sure do miss Pinnacle though.
 

BEER DRINKER
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I've been wagering on sports for over 15 years now. Yikes! I started out with accounts at 2 books, but when Neteller became available I had active accounts in up to 12 books. Now it's down to 6, and is likely to decrease even more.

The problem for me is that I do lose more than I win (I don't spend more than I can afford), and because of that I usually need to deposit $ about once a month. When neteller was around, I could move $ between multiple books in a matter of seconds, and although it took a few days to get funds from my bank into my neteller account it was pretty much a worry free operation. Yes I can still get money into books, but it's much more of a pain in the ass - the same goes for withdrawing funds.

If something similar to neteller doesn't come along soon, I may just give it up because it's not worth the aggravation. As weird as this may sound I wager on sports primarily for fun and it's becoming a lot less enjoyable now that the government has made things more difficult. I admit that I was spoiled by the convenience of neteller and I don't really enjoy going back to the old ways of funding my accounts.

My guess is that the books would like to have a universal convenient payment/funding process in place but everyone including the banking industry is unwilling to take on the big bad U S of A.

I do think there are still some very solid offshore books, but I will never have complete trust. I guess it's a risk I'm willing to take. I sure do miss Pinnacle though.
how far outside boston are you?
 

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Handicapper
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faster I had way more books steal my cash in the neteller days than since the neteller days..so much more stability now then 2-5 years ago when books would come and go so often. I think becasue it was easy for them to get initial deposits NETELLER and then if things went bad they could just leave...Im actually shocked but happy about it.
 

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