Messages

Forum Index : The Archives : Messages Page 2 of 5  1 2 3 4 5  
Author: [The Archives] Topic: Gambling bill signed today. Big deal.
craigtrees send a private message View Space | Friends | Playbook |
craigtrees
Participation Meter
Prospect
Joined: Oct 2006
Posts: 211
Location: Guam
#26
Posted: 10/13/2006 5:53:49 PM
 they'll never catch me
quote
gerberkk send a private message View Space | Friends | Playbook |
gerberkk
Participation Meter
Prospect
Joined: Aug 2006
Posts: 134
Location: United States
#27
Posted: 10/13/2006 6:02:20 PM
quote
codog9992002 send a private message View Space | Friends | Playbook | My Sportsbook: Sportingbet.com |
codog9992002
Participation Meter
Veteran
Joined: Sep 2006
Posts: 1797
Location: Tennessee
#28
Posted: 10/13/2006 6:03:54 PM
QUOTE Originally Posted by cd329:

great video about frist and goodlatte  2 friggin hyprocrites
These southern baptists are really evil fool
 
http://www.youtube.com/watch?v=6U8WjAmhgsU
 thanks for the video and reallt answered my questions  , damn them
quote
StudentBodyRight send a private message View Space | Friends | Playbook |
StudentBodyRight
Participation Meter
Veteran
Joined: Feb 2003
Posts: 1158
Location: United States
#29
Posted: 10/13/2006 6:16:34 PM
Thanks vanzack, this was the Cliff's notes version of this issue that I'm sure everyone on here can understand   GL this weekend!
quote
Boalukeduke send a private message View Space | Blog | Friends | Playbook | My Sportsbook: bet365 |
Boalukeduke
Participation Meter
Veteran
Joined: Feb 2005
Posts: 3692
Location: Ontario
#30
Posted: 10/13/2006 6:25:40 PM
    Unreal .......        O   Canada    True North ......Strong  &  FREE      I  can  go to the local  7-11    and place a bet,,,,,,,     and  get cash   up  to  900.00     on the spot      !!!       If I  win ....        304.60     on a  10 buck  bet.........just today !!!      
quote
tee*dub send a private message View Space | Friends | Playbook |
tee*dub
Participation Meter
Veteran
Joined: Oct 2005
Posts: 1019
Location:
#31
Posted: 10/13/2006 6:51:31 PM
Got your picks for Sat Vanzak?  Love to compare
quote
Tyjones34 send a private message View Space | Friends | Playbook |
Tyjones34
Participation Meter
Covers Rehab
Joined: Dec 2005
Posts: 3762
Location: Texas
#32
Posted: 10/13/2006 6:59:36 PM
darn those 2 guys.....hope their vehicles overturn into a DEEP Creek while driving home to their Mansions in the Hills.
quote
blimp send a private message View Space | Friends | Playbook |
blimp
Participation Meter
Veteran
Joined: Dec 2002
Posts: 1160
Location:
#33
Posted: 10/13/2006 7:01:42 PM
quote
EagleFan send a private message View Space | Friends | Playbook |
EagleFan
Participation Meter
Veteran
Joined: Oct 2005
Posts: 2526
Location:
#34
Posted: 10/13/2006 7:05:29 PM
quote
GoldiLocks send a private message View Space | Friends | Playbook |
GoldiLocks
Participation Meter
Prospect
Joined: Nov 2005
Posts: 484
Location: Georgia
#35
Posted: 10/13/2006 7:09:13 PM
Thanks for the info and peace of mind.
quote
tee*dub send a private message View Space | Friends | Playbook |
tee*dub
Participation Meter
Veteran
Joined: Oct 2005
Posts: 1019
Location:
#36
Posted: 10/13/2006 7:17:52 PM
I can't believe Paradise Poker caved to this. (no deposits from US players allowed now) Huge publicly traded london company allowing US to govern its policies.. Pussies
quote
doublem9
RSI Wagerline RSI Rating
send a private message View Space | Friends | Playbook |
doublem9
Participation Meter
Veteran
Joined: Mar 2006
Posts: 3237
Location: United States
#37
Posted: 10/13/2006 7:24:02 PM
thank you vanzack
quote
james1979 send a private message View Space | Friends | Playbook |
james1979
Participation Meter
Veteran
Joined: Dec 2005
Posts: 2186
Location:
#38
Posted: 10/13/2006 7:29:07 PM
QUOTE Originally Posted by KOAJ:

from what i've read...there is way too much legwork for individual financial institutions to do to enforce this thing

you can always deposit via western union and withdraw via fedex bypassing the banks

good work vanzack
 
How does cashing out with fedex bypass the banks?  Do they send you cash or what?  If they send you a check your gonna have to cash it somewhere.
 
Never used fedex so I was just curious.
 
I use the prepaid visa since my banks have always blocked these transactions.
quote
james1979 send a private message View Space | Friends | Playbook |
james1979
Participation Meter
Veteran
Joined: Dec 2005
Posts: 2186
Location:
#39
Posted: 10/13/2006 7:31:42 PM
QUOTE Originally Posted by cd329:

Vanzack,
 Very well put, you are correct in everything you said and this has got to be a must read for everybody, especially for guys who havent been paying attention.
I love the hamburger quote about france.  Our country needs to stop thinking that we can make laws for the rest of the world, thats one of the biggest problems we have here, not minding are own business and making everybody hate us.
Our leaders should look back thru history, every empire that never thought could be defeated, got defeated.  We are no differnt.
 
They didnt make this law for the rest of the world, they made this law for U.S. financial institutions.
quote
toothdoc send a private message View Space | Friends | Playbook |
toothdoc
Participation Meter
Prospect
Joined: Nov 2005
Posts: 99
Location: Texas
#40
Posted: 10/13/2006 7:35:04 PM
any word on how this will affect cash outs from Party Poker?  i cashed out for a significant amount last night....i'm sure they will still honor my cashout, at least i hope they will
quote
throwback420 send a private message View Space | Friends | Playbook |
throwback420
Participation Meter
Legend
Joined: Mar 2005
Posts: 44449
Location: California
#41
Posted: 10/13/2006 7:35:34 PM
quote
vanzack send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Pinnacle Sports |
vanzack
Participation Meter
Legend
Joined: Nov 2001
Posts: 50449
Location: Equatorial
              Guinea
#42
Posted: 10/13/2006 7:50:23 PM
Holy garbage I just wrote a friggin book and I hit submit and it was gone.
 
 
I was answering the EFT / Check questions.
 
 
quote
raidertom34 send a private message View Space | Friends | Playbook |
raidertom34
Participation Meter
Prospect
Joined: Sep 2006
Posts: 5
Location:
#43
Posted: 10/13/2006 7:51:41 PM
Whi is Sportsbook bad?  What cite to you recommend?
quote
moabtrail send a private message View Space | Friends | Playbook |
moabtrail
Participation Meter
Banned
Joined: Dec 2003
Posts: 468
Location:
#44
Posted: 10/13/2006 7:57:12 PM
V - do you or anyone else on this thread know whether the Betonusa.com site is affected?  Not sure if it's run in the USA or offshore somewhere else.  I use it for all my plays and for online poker too...it's been a great site, so would hate to leave it...any info?  thx
 
GL2All! 
quote
dmart420 send a private message View Space | Friends | Playbook |
dmart420
Participation Meter
Banned
Joined: Dec 2002
Posts: 548
Location:
#45
Posted: 10/13/2006 8:00:48 PM
QUOTE Originally Posted by bocol9:

 
 
Van-
 
While sportsbook.com isin't one of the top books out there, I have never had a problem with them.  And, Rosie O' Donnell....well, she's got some workin' to do.


me neither. that's what i started with back in the day. i got $$$ from them on occasion and never had a problem.
quote
vanzack send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Pinnacle Sports |
vanzack
Participation Meter
Legend
Joined: Nov 2001
Posts: 50449
Location: Equatorial
              Guinea
#46
Posted: 10/13/2006 8:05:51 PM
Alright - I will try again...
 
Here is the cliff notes version on why the technology isnt there to enforce this law and what you can expect from checks and EFT's:
 
1.  EFT's
Electronic Funds Transfers are not coded.  That means that there is no "business type code" that is associated to an EFT.  In the wolrd of Visa and MC - they have a code 7295 for gambling.  Visa is a worldwide company that governs anything that happens under the visa name, so for them to say "no more 7295's" is easy.  EFT's have no codes.  There are approximately 25 million EFT transactions a day for all kinds of reasons.
 
99.9% of these EFT's are never seen by human eyes.  Your cable payment, car payment, mortgage, business payments all are EFT's - think of the enormity.  There is absolutely no way for a bank to currently say "no more gambling EFT's" under the current system - and the banks have already stated they will go bankrupt if they had to monitor this.
 
2.  Checks.
Checks are not coded either.  The only thing on a check is the routing number which tells which bank it came from and an account number.  Sportsbooks and Neteller could easily get bank accounts in any country under any name and there is no way for your local bank to have any idea where it is coming from.  A simple change on the account name from "Pinnacle Sports" to "PS" solves the check problem - if there even was a problem to begin with.
 
Also, lets say you own a lighting store in Atlanta.  You sell lighting to Pinnacle for their offices in Curacao.  Pinny sends you a check.  Are you telling me your bank wont cash it?  Now you cant do commerce with legal businesses in foreign countries?  This is a strict violation of international trade treaties.
 
3.  Workarounds.
There are so many its ridiculous.  Lets say that banks spend billions to code EFTs and they enforce it - and they invent super intelligent robot check screeners - then all pinny does is open a clothing company in Curacao.  You send your money to the clothing company and you get your check from the clothing company.
 
Currently books like Bet Jamaica and Cris are offering debit cards that you can deposit on and withdraw that are on a foreign bank and directly tied to your sportsbook account.  It is great for the player and unstoppable.
 
There will be hundreds of workarounds IF - and I stress IF because the chances are so slim that you will ever see them - the banks can enforce this.
 
4.  Summary.
There is nothing in the law having to do with you the bettor.  The law almost says "try to get your money offshore - its up to the banks to stop you".  The worst thing that can happen is you get a check refused and you have to call your book and ask them to send you one off of a different account.  You are doing nothing wrong.
 
The banks are like a one armed firefighter with a water pistol trying to put out the great Chicago Fire.  They have already screamed to the govt that they cant do this.  The govt basically said in the bill that they know there is no way to do this but they gave a 270 day window to explore all options.  If they cant come up with a way in 270 days they will not enforce it.
 
Like I said, BIG DEAL.
 
quote
vanzack send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Pinnacle Sports |
vanzack
Participation Meter
Legend
Joined: Nov 2001
Posts: 50449
Location: Equatorial
              Guinea
#47
Posted: 10/13/2006 8:35:20 PM
QUOTE Originally Posted by moabtrail:

V - do you or anyone else on this thread know whether the Betonusa.com site is affected?  Not sure if it's run in the USA or offshore somewhere else.  I use it for all my plays and for online poker too...it's been a great site, so would hate to leave it...any info?  thx
 
GL2All! 
 
Dude - I dont follow the hundreds of D rated books.  This is rated D-.
 
Why would anyone ever play at these books?   I have no idea,  but no matter how many times I and others say it people still do.
 
I will never understand it.
quote
Rambo send a private message View Space | Friends | Playbook |
Rambo
Participation Meter
Rookie
Joined: Aug 2006
Posts: 536
Location:
#48
Posted: 10/13/2006 8:36:16 PM
Van, on the contrary how about if I deposit using Echeck? will that be a problem?
quote
maxdreamer send a private message View Space | Friends | Playbook |
maxdreamer
Participation Meter
MVP
Joined: Aug 2005
Posts: 17322
Location: California
#49
Posted: 10/13/2006 8:37:36 PM
hey vanzack...
 
sadly..i am one of those who have betwwts.com and still have money in the account...right now,  they froze my account and cant make any bets, deposits, withdraws...etc...what can i do?? i have about 900 in there...
quote
cdl6449 send a private message View Space | Friends | Playbook |
cdl6449
Participation Meter
Captain
Joined: Jun 2006
Posts: 7032
Location: Texas
#50
Posted: 10/13/2006 8:40:37 PM
I will be watching this system closely 

Good info
quote
Forum Index : The Archives : Messages Page 2 of 5  1 2 3 4 5  
You have entered the forum as a GUEST. 
You must login/register to post or reply.