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    All Forums | Gaming Industry - US

    GTBets

    Mustang24
    Bling
    cuwgolfer
    gamble04
    bizkilla
    ...
    Participants:
    Search
    Views: 1742
    Posts: 14
     
    Mustang24
    Mustang24
    Veteran
    Participation Meter
    Joined: Nov, 2005
    Posts: 1132
    Posted: Apr. 24, 2013 - 6:44 PM ET #1

    I've been placing some horse wagers to try and knock out the rollover requirements. I deposited $250 and got a 37.50 bonus rollover credit. All is good until I realized it was like wagering 5k just to satisfy their rollover requirements. Yes, I know, I should've looked deeper into this before accepting the bonus. The rollover is 862.5 for a $37.50 bonus! That might not seem like a lot but when you only get 2 or 5 points per $10 wager it takes a while to reach that 862 marker.. 

    I found out you get more points for horse wagering so I dabbled. What a cluster fuck. I took a horse who was 7:1. I put $10 on it and hit it. By their gorilla math I only win $35?! They said it was 7x10=70  70/2=35. They couldn't tell me why the $70 win was cut in half. They only tell me it's how it was graded! I said its real easy. You put $1 on a horse who's 7:1 you earn $7. If you have $10 on the horse and he wins, you get $70. They act like its $2 gets you the 7:1. Wrong! I also hit a $2 exacta that paid 8 and some change. It was a $5 bet and they only paid $10... Should've paid $20. All I'm saying is beware of horse betting here and I also advise everyone to steer clear of the bonuses. You have to gamble 3-4k to get a lousy 37.50 bonus. I'm only venting here because the customer service has been clueless to what's happening. 
    Reply
    To remove first post, remove entire topic.
    I've been placing some horse wagers to try and knock out the rollover requirements. I deposited $250 and got a 37.50 bonus rollover credit. All is good until I realized it was like wagering 5k just to satisfy their rollover requirements. Yes, I know, I should've looked deeper into this before accepting the bonus. The rollover is 862.5 for a $37.50 bonus! That might not seem like a lot but when you only get 2 or 5 points per $10 wager it takes a while to reach that 862 marker.. 

    I found out you get more points for horse wagering so I dabbled. What a cluster fuck. I took a horse who was 7:1. I put $10 on it and hit it. By their gorilla math I only win $35?! They said it was 7x10=70  70/2=35. They couldn't tell me why the $70 win was cut in half. They only tell me it's how it was graded! I said its real easy. You put $1 on a horse who's 7:1 you earn $7. If you have $10 on the horse and he wins, you get $70. They act like its $2 gets you the 7:1. Wrong! I also hit a $2 exacta that paid 8 and some change. It was a $5 bet and they only paid $10... Should've paid $20. All I'm saying is beware of horse betting here and I also advise everyone to steer clear of the bonuses. You have to gamble 3-4k to get a lousy 37.50 bonus. I'm only venting here because the customer service has been clueless to what's happening. 
     
    Mustang24
    Mustang24
    Veteran
    Participation Meter
    Joined: Nov, 2005
    Posts: 1132
    Posted: Apr. 24, 2013 - 6:51 PM ET #2

    Here's their gorilla math:

    Here is the calculation: 10x7=70, 70:2=35 & 35 - 10 (stake) = $25 (net winnings).
    The stake was never taken out your account balance, just from your available to wager balance.
    After this ticket was graded the $10 (stake) went back into your account balance along with the net winnings which is $25. That's the total amount of $35.


    The same goes for Finger Lakes, HR5433413-1. $5 exacta box 1-4 at Finger Lakes, the stake is $10.
    Exacta on 1-4 paid $8.00.
    (Please check:https://www.equibase.com/static/chart/summary/FL042313USA-EQB.html#RN8)


    Notice on the exacta they have my $5 exacta bet winning $8?! Wtf!

    Reply
    Here's their gorilla math:

    Here is the calculation: 10x7=70, 70:2=35 & 35 - 10 (stake) = $25 (net winnings).
    The stake was never taken out your account balance, just from your available to wager balance.
    After this ticket was graded the $10 (stake) went back into your account balance along with the net winnings which is $25. That's the total amount of $35.


    The same goes for Finger Lakes, HR5433413-1. $5 exacta box 1-4 at Finger Lakes, the stake is $10.
    Exacta on 1-4 paid $8.00.
    (Please check:https://www.equibase.com/static/chart/summary/FL042313USA-EQB.html#RN8)


    Notice on the exacta they have my $5 exacta bet winning $8?! Wtf!

     
    Bling
    Bling
    Legend
    Participation Meter
    Joined: Sep, 2005
    Posts: 41476
    Posted: Apr. 24, 2013 - 7:16 PM ET #3

    Don't know about the horse racing bet, but am skeptic of your $5K roll over claim.  Was it a 100% sign up bonus?  That may be different, but I satisfy their regular roll over requirements with just betting 2 or 3 times my deposit. 
    Reply
    Don't know about the horse racing bet, but am skeptic of your $5K roll over claim.  Was it a 100% sign up bonus?  That may be different, but I satisfy their regular roll over requirements with just betting 2 or 3 times my deposit. 
     
    Mustang24
    Mustang24
    Veteran
    Participation Meter
    Joined: Nov, 2005
    Posts: 1132
    Posted: Apr. 24, 2013 - 7:23 PM ET #4

    Hey Bling, not my first initial deposit with them. It was a 15% reload bonus. I've bet at least 3k and just now reached payout opportunity. Also, only deposited $250.
    Reply
    Hey Bling, not my first initial deposit with them. It was a 15% reload bonus. I've bet at least 3k and just now reached payout opportunity. Also, only deposited $250.
     
    cuwgolfer
    cuwgolfer
    Veteran
    Participation Meter
    Joined: Nov, 2010
    Posts: 3312
    Posted: Apr. 25, 2013 - 11:59 AM ET #5

    I've never had a roll over problem. Ever. But I bet way more than $10 per game
    Reply
    I've never had a roll over problem. Ever. But I bet way more than $10 per game
     
    Mustang24
    Mustang24
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    Joined: Nov, 2005
    Posts: 1132
    Posted: Apr. 25, 2013 - 12:41 PM ET #6

    Just did a quick run through and came up with roughly $2800 of baseball, basketball, and horse bets, not including my blackjack action.Thats 11x my deposit for 37.50. Won't be accepting anymore bonuses... That and I was screwed out of $50 on the poney's. 
    Reply
    Just did a quick run through and came up with roughly $2800 of baseball, basketball, and horse bets, not including my blackjack action.Thats 11x my deposit for 37.50. Won't be accepting anymore bonuses... That and I was screwed out of $50 on the poney's. 
     
    gamble04
    gamble04
    Veteran
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    Joined: Sep, 2001
    Posts: 4877
    Posted: Apr. 26, 2013 - 12:30 PM ET #7

    Seems like it endend up working out fine in the end.  GL!
    Reply
    Seems like it endend up working out fine in the end.  GL!
     
    Mustang24
    Mustang24
    Veteran
    Participation Meter
    Joined: Nov, 2005
    Posts: 1132
    Posted: Apr. 26, 2013 - 7:32 PM ET #8

    Thanks Gamble, had a nice little run. Trying first payout, hope it goes smoothly. So far I have no beef with GT, other than their horse figures are off. Oh well, good luck to you too.
    Reply
    Thanks Gamble, had a nice little run. Trying first payout, hope it goes smoothly. So far I have no beef with GT, other than their horse figures are off. Oh well, good luck to you too.
     
    bizkilla
    bizkilla
    Veteran
    Participation Meter
    Joined: Jan, 2012
    Posts: 1725
    Posted: Apr. 28, 2013 - 8:59 PM ET #9

    Just got through endorsing GT on another thread. The bonus system is out of whack sometimes but I have never had a problem. What I did have issues with was not being paid out when indeed I had won. That was well over a year ago and these days I audit my account frequently.

    Be cautious when accepting a bonus. Make sure you plan on fulfilling the necessary requirment. If you drop $100 and get a $10 bonus. You will have to expose that $100 4x ($400 worth of action).

    Reply

    Just got through endorsing GT on another thread. The bonus system is out of whack sometimes but I have never had a problem. What I did have issues with was not being paid out when indeed I had won. That was well over a year ago and these days I audit my account frequently.

    Be cautious when accepting a bonus. Make sure you plan on fulfilling the necessary requirment. If you drop $100 and get a $10 bonus. You will have to expose that $100 4x ($400 worth of action).

     
    max-value
    max-value
    Prospect
    Participation Meter
    Joined: Mar, 2009
    Posts: 85
    Posted: Apr. 28, 2013 - 11:52 PM ET #10

    nice to know about another good USA friendly book
    Reply
    nice to know about another good USA friendly book
     
    Mustang24
    Mustang24
    Veteran
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    Joined: Nov, 2005
    Posts: 1132
    Posted: Apr. 29, 2013 - 10:36 AM ET #11

    I requested a WU pay out Friday, ill keep everyone up to speed with how it goes.
    Reply
    I requested a WU pay out Friday, ill keep everyone up to speed with how it goes.
     
    josbran
    josbran
    Veteran
    Participation Meter
    Joined: Oct, 2003
    Posts: 1992
    Posted: May. 1, 2013 - 8:21 AM ET #12

    Never and I mean never accept any bonus money. These books know that your more likely to go broke before you meet their rollovers. I never take bonus money no matter how sweet it is because of those rollovers.
    Reply
    Never and I mean never accept any bonus money. These books know that your more likely to go broke before you meet their rollovers. I never take bonus money no matter how sweet it is because of those rollovers.
     
    bizkilla
    bizkilla
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    Joined: Jan, 2012
    Posts: 1725
    Posted: Jul. 6, 2013 - 2:47 PM ET #13

    Some good, Some bad from GTBETS

    The Good

    They gave me $50 for m birthday. Thought it was a nice gesture. Then again, I've been losing so that's probably why.

    The BAD

    Good friend of mine who also uses GT says that a check by courier which used to take 3-5 days and sometimes arrive in 2, now has a wait time of 10-14 days.

    Its day 11 and still no pay.

    Reply

    Some good, Some bad from GTBETS

    The Good

    They gave me $50 for m birthday. Thought it was a nice gesture. Then again, I've been losing so that's probably why.

    The BAD

    Good friend of mine who also uses GT says that a check by courier which used to take 3-5 days and sometimes arrive in 2, now has a wait time of 10-14 days.

    Its day 11 and still no pay.

     
     
    DeezyAZ81
    DeezyAZ81
    Captain
    Participation Meter
    Joined: Nov, 2005
    Posts: 8713
    Posted: Jul. 6, 2013 - 3:15 PM ET #14

    Quote Originally Posted by bizkilla:

    Some good, Some bad from GTBETS

    The Good

    They gave me $50 for m birthday. Thought it was a nice gesture. Then again, I've been losing so that's probably why.

    The BAD

    Good friend of mine who also uses GT says that a check by courier which used to take 3-5 days and sometimes arrive in 2, now has a wait time of 10-14 days.

    Its day 11 and still no pay.



    Something isn't right with your friends story because they aren't even offering check withdrawals right now.  It says right on the site checks are temporarily unavailable.  That's probably why your friend says he hasn't received yet as it's not even an option.  Right now they offer WU, MG, and bank wire withdrawals only.  
    Reply
    Quote Originally Posted by bizkilla:

    Some good, Some bad from GTBETS

    The Good

    They gave me $50 for m birthday. Thought it was a nice gesture. Then again, I've been losing so that's probably why.

    The BAD

    Good friend of mine who also uses GT says that a check by courier which used to take 3-5 days and sometimes arrive in 2, now has a wait time of 10-14 days.

    Its day 11 and still no pay.



    Something isn't right with your friends story because they aren't even offering check withdrawals right now.  It says right on the site checks are temporarily unavailable.  That's probably why your friend says he hasn't received yet as it's not even an option.  Right now they offer WU, MG, and bank wire withdrawals only.  
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