Bookmaker Payout Complaint

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I have made my first ever withdrawal request for today in the amount of $3000. It has been rejected due to their Rule 29 in their "General House Rules". I was never made aware of Rule 29 until today, regarding sportsbook transfers.

I sent Bookmaker $6500 back on 8/12/11 from Heritage Sportsbook. These funds had been sent to Heritage from The Greek after leaving the US market.

Bookmaker accepted the book-to-book transfer and never informed me of a 3x rollover requirement.
In the process, Bookmaker cirmcumvented their own rules by accepting the transfer prior to me ever receiving a payout from Bookmaker. Had Bookmaker followed their own rules, I would have been informed of the 3x rollover requirement and would have avoided this deposit method all together (see below).

"29. Book-to-Book and Player-to-Player transfers will only be permitted after the player has received two or more withdrawals from BookMaker to the original name listed on the account. All transfers require a 3X rollover before requesting a payout."

In essence, they wish to hold me to a rule that they didn't even adhere to.

Had I known of this requirement, I would have opted for WU or MG as a deposit method.

There was no urgency on my part to place wagers when I sent the funds to Bookmaker. The $6500 I sent sat idle for 6 weeks after I sent it to them. I only wanted to have my funds, that were previously at The Greek, to be at a book where I had previously done business.

I am expecting Bookmaker to forgive their 3x rollover requirement because Bookmaker had the opportunity to make me aware by adhering to their own rules by not accepting book-to-book transfers until after I have received 2 payouts from Bookmaker.

I spoke with George over the phone and he was not willing to assist me at all.
He ignored the fact that Bookmaker ignored its own rule in accepting my book-to-book transfer from Heritage Sports prior to me ever receiving a payout from Bookmaker.

Instead of appreciating that business was being sent their way under the circumstances (The Greek leaving US market), they decided to take advantage of the situation and me, the player.
 

Rx. Senior
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No one can really help on this issue.


I will say that bookmaker can be real hard to get a payout from at all. They try to do everything possible ot not make it an easy process. I will say that most books only make it 1x rollover on transfers, but they have their own rules I guess
 

FreeRyanFerguson.com
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You aren't going to win this one, forget it. Just keep your money there and play during basketball season and you'll be done with the rollover in no time. Bookmaker funds are most likely always gonna be safe for the player.
 

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Tgoodm1, unfortunately there is little I can do when it comes to Bookmaker, especially regarding their house rules of which they rarely deviate off of..I can only suggest you do your best to roll over the funds until they are eligible for withdrawal. The rollover rule is most likely posted somewhere on their website in which case you should have checked before making the book to book transfer,

These type of rules are being used by some books to discourage the book to book financial transfer practice, which has a tendency to be non-profitable for some books being used as facilities to secure funds and then have them withdrawn with little chance of seeing the funds in action in their wagering department.

I truly do feel for you being taken by surprise but at this point if George has made his ruling there is little we here at the Rx can do for you.

I would help if I thought I could get anywhere.

Regards, wilheim
 

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It is a VERY understandable rule. They don't want to take a transfer and then have to use their infra-structure to pay out unless they get sufficient play. I don't blame them.
 

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It is a VERY understandable rule. They don't want to take a transfer and then have to use their infra-structure to pay out unless they get sufficient play. I don't blame them.

Ive risked the funds many times over. I know that a book expects you to play if you deposit.

But a 3x rollover on funds transferred in with no bonuses attached???

Nothing but a method for trapping my funds.

According to Bookmaker, this Rule 29 was only inserted about a year ago.

I've been with them since October 2010. There is no telling when that rule was inserted. It's their word.

The one thing that is being ignored here by everyone is that Bookmaker claims in Rule 29 to not accept book-to-book transfers unless the player

has previously received at least 2 payouts. I have never been paid. This actually represents a way of informing the player of the consequences of a book-to-book transfer.

They went around their own rules to get my funds so they could hold me to this ridiculous rule. They knew what they were doing.

If 3x rollovers were required for every deposit method, books would get a lot less business.

And for the record I have risked the transfer deposit entirely and then some. I do play my funds.

To add, my initial deposit upon opening my account last year $2500, which was lost completely earlier this year.
 

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It is a VERY understandable rule. They don't want to take a transfer and then have to use their infra-structure to pay out unless they get sufficient play. I don't blame them.

It just doesn't make a lot of sense to a player to risk having funds subjected to a 3x rollover requirement just for depositing.

Heritage was willing to send my funds to Bookmaker, but they were also willing to send them to me.

I was doing Bookmaker a favor.
 

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I get what you are saying, but I can also see the books point of view. A 3x rollover does seem a bit much.
 

Home of the Cincinnati Criminals.
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Tgood, it makes plenty of sense. The way the market it is now, it is understandable.

It's always a good "rule of thumb" to read the rules, or ask them their rules before transfers to and from, or accepting bonuses for deposits.

Good luck brother
 

Rx. Senior
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As a matter of fact, I believe that they have had that rule for much longer than 1 year. If it wasnt the exact same rule, it was at least a 1x rollover. Have you rolled the funds over even once yet??


If you havent done even that much then you really have no leg to stand on here
 

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As a matter of fact, I believe that they have had that rule for much longer than 1 year. If it wasnt the exact same rule, it was at least a 1x rollover. Have you rolled the funds over even once yet??


If you havent done even that much then you really have no leg to stand on here

Based on their calculations, I'm at $6201 on rollover.

I would have no issue with 1x rollover under circumstances.
 

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if i was you i would meet their roll over and than take your money else where...
 

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can see both sides here as well...i understand what you are saying, but realize, that BookM doesnt want to be your banker...in their eyes, if u werent going to play the money, then u should have just w/d from heritage...not transfer it to them, and then ask them to pay you......it then falls on their processors and resources to get you paid when u werent "their" player to start with....however, i see that you have risked it almost 1x, so i see you werent just letting it sit there.....Have to agree with what others said, in that you just need to be careful and try to reach your rollover, then if u are still as upset over this as you are now, pull your money out and play elsewhere....might even try to hedge it elsewhere, if u have money at another shop....bet both sides on low vig action if u can find it.....you'll lose approx 10% which sucks, but you'll be able to get your money faster.....you'll either build it up somewhere else, or reach your rollover......
 

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can see both sides here as well...i understand what you are saying, but realize, that BookM doesnt want to be your banker...in their eyes, if u werent going to play the money, then u should have just w/d from heritage...not transfer it to them, and then ask them to pay you......it then falls on their processors and resources to get you paid when u werent "their" player to start with......

I transferred into BM because I had played with them before. I was at a zero balance there. They knew the money was coming over as a result of Greek leaving the US market. They should've welcomed the business with nothing in excess of a 1x rollover. This wasn't a rescue.

3x is ridiculous.
 

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I transferred into BM because I had played with them before. I was at a zero balance there. They knew the money was coming over as a result of Greek leaving the US market. They should've welcomed the business with nothing in excess of a 1x rollover. This wasn't a rescue.

3x is ridiculous.


I can't argue with that.....especially since u didnt take any kind of bonus at all.....it would seem to be the same as you simply depositing the money from home......

like i said above, i understand the "rationale" for their rules about transfers....but i also see what you are saying and do think 3x is a little excessive when no bonus or extra is taken...
 

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