The end of online gambling is near

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Author: [General Discussion] Topic: The end of online gambling is near
BigShotBill PM BigShotBill
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quote#476
Posted: 7/26/2011 7:38:58 PM

Hey Van,

I have read alot of pages on this thread and your feedback has been great. I still have an account at sportsbetting.com and my question is should I pull out or keep my money in there?

BigShotBill PM BigShotBill
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quote#477
Posted: 7/26/2011 7:48:16 PM
It seems like everyones best bet is to just pull all of their money out of offshore books.
Messier-11 PM Messier-11
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quote#478
Posted: 7/26/2011 8:20:40 PM
QUOTE Originally Posted by BigShotBill:

Hey Van,

I have read alot of pages on this thread and your feedback has been great. I still have an account at sportsbetting.com and my question is should I pull out or keep my money in there?


you should have pulled your money from there even before the online books started getting seized
jimmydafreak PM jimmydafreak
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quote#479
Posted: 7/28/2011 10:35:20 AM
bump
jimmydafreak PM jimmydafreak
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quote#480
Posted: 7/28/2011 11:16:40 AM

Forgive me if this has already been addressed becasue I have read the entire thread, but I still don't see how this effects offshore bookmaking.  Sure they can seize some domains and post scarey offical logos on them, but they have no jurisdiction to go after legal offshore books.  And yes they can make transfering money back and forth somewhat cumbersome, but they have been doing that for years.

 

jimmydafreak PM jimmydafreak
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quote#481
Posted: 7/28/2011 11:18:49 AM
QUOTE Originally Posted by jimmydafreak:

Forgive me if this has already been addressed becasue I have read the entire thread, but I still don't see how this effects offshore bookmaking.  Sure they can seize some domains and post scarey offical logos on them, but they have no jurisdiction to go after legal offshore books.  And yes they can make transfering money back and forth somewhat cumbersome, but they have been doing that for years.

Meant to say "haven't read the entire thread."

 

kaponofor3 PM kaponofor3
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quote#482
Posted: 7/28/2011 2:45:57 PM
Jimmy -- I recommend you read the entire thread
DannySchayes PM DannySchayes
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quote#483
Posted: 7/28/2011 2:53:08 PM
If/When 5Dimes shuts down then you know there is big trouble.  Tony has stated to everyone that will listen that he will not leave the U.S. market...period.  So if the time comes and all of a sudden 5Dimes is no longer around/dealing with U.S. customers you know the garbage has hit the fan.

From what I've been told from sources close to the old shop, Spiro has been dealing with a lot of processor headaches and constantly having to adjust almost weekly.  He's an older guy and has plenty of money and it's not that he doesn't want MORE money, it's the fact that it's not simple GETTING the money anymore.

A lot of the old reliable processors are no longer taking the risk to move money from U.S. customers and you can't trust the new startups.. anyone willing to accept the risk is asking Spiro to essentially bend over and he's just sick of dealing with the trash.  Makes perfect sense but that's what I've been told from old reliables.
I_Need_A_Detox PM I_Need_A_Detox
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quote#484
Posted: 7/28/2011 10:45:58 PM

garbage already hit the fan. any american that has 4 figures in any gambling account is a moron. imho of course.

jimmydafreak PM jimmydafreak
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quote#485
Posted: 7/28/2011 11:09:06 PM
QUOTE

Originally Posted by TheU3221:

Heres a Crazy thought, Play w the Local Guy, like u did up until a couple yrs ago, i never had a problem, $ was Always Good, never had 2 worry about a wire transfer, what country, is it Legit, I'm glad all these Offshore places r getting Squashed

Evidently you don't win much, because the same thing always happens with local books.  As soon as you start winning, they start sqeezing you, and then you just don't get paid.  All of my relationships with local have ended with them owing me money.  One has owed me over $100k for 5 years.  I haven't seen a penny of it, and never will.  So in the end you can't win with a local because you will either lose and he'll love you, or you'll win and won't get paid. 

 

I_Need_A_Detox PM I_Need_A_Detox
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quote#486
Posted: 7/29/2011 1:21:29 AM
QUOTE

Originally Posted by coversRobbedMe:

online gambling can never end, will never end, it can't be stopped. You are a moron who hasn't been through anything. When paypal and visa and mastercard were shut down dimwits like yourself were calling for the end of online gambling. And that was right before the big boom in poker...then neteller and party poker were the end..but it didn't end!

Look into bitcoin sportsbooks and poker, bitcoin is p2p like bitorrent so it cannot be controlled by anyone, and that includes governments. So it is impossible to stop gambling using bitcoins.

who are you talking to?

PrimeTimeBoys PM PrimeTimeBoys
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quote#487
Posted: 7/29/2011 4:03:21 AM
QUOTE Originally Posted by jimmydafreak:

Evidently you don't win much, because the same thing always happens with local books.  As soon as you start winning, they start sqeezing you, and then you just don't get paid.  All of my relationships with local have ended with them owing me money.  One has owed me over $100k for 5 years.  I haven't seen a penny of it, and never will.  So in the end you can't win with a local because you will either lose and he'll love you, or you'll win and won't get paid. 

 



Im assuming you won $100k in one week because after being up with a local & not collecting after that one week, I wouldnt be playing with him anymore until I got my money. So were you up $100k after just one week or did you continue playing hoping he would pay you & he was hoping you would lose?
vanzack PM vanzack
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quote#488
Posted: 7/29/2011 10:24:28 AM

Lets examine what would happen if you won 100K offshore....

*  At a 3k limit per week per withdrawal by check (the most you can get out of most US facing books), it would take 33 weeks to get your winnings.

*  At $50 per check, it would cost you $1,650 to get your money.

*  And at 1 per week it would take about 8 months.

So 8 months, $1,650 cost to you, and 33 3k checks to deposit at your bank - 1 every week for 33 weeks.

Not too efficient.

vanzack PM vanzack
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quote#489
Posted: 7/29/2011 12:57:18 PM
QUOTE Originally Posted by vanzack:

Click on Covers Top 10 Sportsbook list (recommendations for US players).

First off, there are only 9, and secondly - one of the nine is BetJamaica who no longer exists.

Round out the list with about a half dozen other books that nobody has ever heard of or would want to play at, and you have a good snapshot of the world off offshore sports betting these days.

Imagine if it was your job to put together a top 10 list of sportsbooks for Americans?  Its like trying to put together a top 10 list of honest politicians, maybe you can get one or two, but you get stuck about there.

It is now officially a top 8 list.

And we have debt ceilling debates while they leave an estimated 50B a year sitting on the table that nobody wants in tax revenue.

Waxi PM Waxi
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quote#490
Posted: 7/30/2011 3:28:23 AM
QUOTE Originally Posted by vanzack:

It is now officially a top 8 list.

And we have debt ceilling debates while they leave an estimated 50B a year sitting on the table that nobody wants in tax revenue.

Problem solved...

I_Need_A_Detox PM I_Need_A_Detox
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quote#491
Posted: 7/30/2011 8:14:10 AM
QUOTE Originally Posted by jimmydafreak:

Evidently you don't win much, because the same thing always happens with local books.  As soon as you start winning, they start sqeezing you, and then you just don't get paid.  All of my relationships with local have ended with them owing me money.  One has owed me over $100k for 5 years.  I haven't seen a penny of it, and never will.  So in the end you can't win with a local because you will either lose and he'll love you, or you'll win and won't get paid. 

 

Hoyasaxa PM Hoyasaxa
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quote#492
Posted: 8/14/2011 12:46:00 PM

Sorry-been away from Covers for a while but did have a Greek account and they transfered me to Heritage. I haven't used them-has anyone? Are they legit?

Thanks!

 

Waxi PM Waxi
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quote#493
Posted: 8/14/2011 2:33:02 PM
QUOTE Originally Posted by Hoyasaxa:

Sorry-been away from Covers for a while but did have a Greek account and they transfered me to Heritage. I haven't used them-has anyone? Are they legit?

Thanks!

I was transferred as well. They are legit. I withdrew $800 immediately and left $300 in... Fed. Ex. check took 4 days to arrive.

Website and betting options are below average but heard they will make canges and additions.

 

Hoyasaxa PM Hoyasaxa
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quote#494
Posted: 8/14/2011 8:41:40 PM
QUOTE

Thanks, Waxi-

about to lay some futures I always do pretty well at and I don't want anysurprises at the end of Football season. That's what this forum is all about-anything I can do for you, let me know.

 

Anyone else with ok feedback on Heritage, please advise.

Originally Posted by Waxi:

Hoyasaxa PM Hoyasaxa
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quote#495
Posted: 8/16/2011 1:38:12 AM
QUOTE Originally Posted by vanzack:

Thanks.  Very nice.

Van:

 

What's your read on Heritage? Would you trust them?

Thanks for some great insights since Balck Friday here!

jimmydafreak PM jimmydafreak
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quote#496
Posted: 8/16/2011 2:02:08 AM
QUOTE Originally Posted by PrimeTimeBoys:



Im assuming you won $100k in one week because after being up with a local & not collecting after that one week, I wouldnt be playing with him anymore until I got my money. So were you up $100k after just one week or did you continue playing hoping he would pay you & he was hoping you would lose?

It was over about a 10-11 day period.

 

jimmydafreak PM jimmydafreak
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quote#497
Posted: 8/16/2011 2:10:21 AM
QUOTE Originally Posted by vanzack:

Lets examine what would happen if you won 100K offshore....

*  At a 3k limit per week per withdrawal by check (the most you can get out of most US facing books), it would take 33 weeks to get your winnings.

*  At $50 per check, it would cost you $1,650 to get your money.

*  And at 1 per week it would take about 8 months.

So 8 months, $1,650 cost to you, and 33 3k checks to deposit at your bank - 1 every week for 33 weeks.

Not too efficient.

I'm not sure if there was a withdraw limit at Bookmaker, but if there was I never ran into it.  I always did withdrawal via wire transfer.  I'm assuming that's a no no these days.

I have yet to fund my account for the college football season.  I'm not really sure what I'll do yet, but I guess I better get some clarification as to what my withdrawal options are, and what the cost will be.

Thanks for the tip Vanzack.

jimmydafreak PM jimmydafreak
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quote#498
Posted: 8/16/2011 2:18:00 AM
QUOTE Originally Posted by I_Need_A_Detox:

I spent way too time, energy and money into wagering football and basketball to play to make $50 wagers.  If that's your thing . . . great, but to me it is a colossal waste of time.

Idiot!!!

 

 

DoubleUp4Life PM DoubleUp4Life
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quote#499
Posted: 8/18/2011 4:02:59 PM
QUOTE Originally Posted by jimmydafreak:

Evidently you don't win much, because the same thing always happens with local books.  As soon as you start winning, they start sqeezing you, and then you just don't get paid.  All of my relationships with local have ended with them owing me money.  One has owed me over $100k for 5 years.  I haven't seen a penny of it, and never will.  So in the end you can't win with a local because you will either lose and he'll love you, or you'll win and won't get paid. 

 

Calling Bull garbage on this one

Almost as bad as when you said you knew several AD's in the SEC and Newton has getting suspended before the Iron Bowl

ocd PM ocd
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quote#500
Posted: 8/18/2011 5:29:12 PM

cali has a proposal in order to try and make on line poker legal for the golden state...

 

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