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........but the recent problems with ABETZ in conjunction with the dozen or so other similar problems encountered over the last year really has me shaking my head.
First of all, I subscribe to the belief that it should not take longer than a week for the bettor to receive his funds. However, I take it a step further and have stricter guidelines. I so absolutely no reason, with security reasons taken into account, why a player cannot receive his/her funds in 3-4 business days MINIMUM. That's MORE than enough time. This reasoning is based on the fact that there are plenty of book out there that DO pay within this timeframe. Hell, in regards to one particular book, I requested a WU payout at 8:30 am in the morning and picked it up at Noon. The question that perpetually perplexes me is: If I can DEPOSIT funds in an account in 30 minutes or less, why is the reverse not true. And I'm not talking credit cards here......straight cash. While 30 minutes may be TOO much to ask, 3-4 days certainly is not. It CAN be done. I've done it for years with some particular books.
This leads me to another, but related, subject. It absolutely boggles my mind that folks would choose to send substantial amounts of cash to an outfit that has only been in existence for a number of months. Now, I'm not saying that these outfits should be automatically penalized because of their infancy. Somebody, somwhere, at one point in history ate the very first Big Mac, and 40+ years later Micky D's is doing quite well. So is the guy who ate the Big Mac (other than his arteries are, perhaps, more clogged, especially if he was a return customer). But, the point I'm trying to make is: these new books need to be treated with extreme care and discretion, for an extended period of time. In otherwords, they have to earn their stripes AFTER they have gained and proven their trust to the public and their customers.
Personally, I have a procedure that I use when trying a new book that has worked quite well for me. I start by calling the outfit and asking a couple of basic questions. I then post up the MINIMUM amount. I make a serious of small bets (both on the internet and over the phone) and take note of their grading practices, etc. After a brief period, I call them with a minor "problem" or question (usually fabricated) with the sole intention of seeing how they HANDLE the problem. I then procede to the final step: requsting a payout. This procedure tells me all I need to know about a particular book. If they treat a "small" bettor in a positive way, then they probably subscribe to the theory that all customers should be treated equally (which is a cardinal rule in ANY business).
Think about the following analogy for a moment. If you saw a commercial on TV for a car you have never heard of before, a brand new company, and it struck your fancy, would you go out and purchase one? Of course not. (Any former Yugo owners out there?) If a new weight-loss miracle pill were suddenly introduced to the market backed by a massive advertising campaign, would you jump off your treadmill and toss back a bottle or two? Most likely not. However, a large amount of Phen-Phen users did just that and are now paying the price (or soon will be when their wives give birth to a baby with three eyes.)
Now, I want to emphasize that I am, in no way, suggesting that one should automatically discount a fledging sportsbook. You have to get your start sometime. Nor am I suggesting that I'm some sort of expert on this subject. I'm not. What I DO do is: I work hard for my money and I have common sense. Not unlike 95% of the people reading this. And I've NEVER had a problem with a payout. Not even close. There are dozens of books out there with established reputations, with O skeletons in their past, where I feel unequivocally comfortable sending my money to while allowing me to sleep at night. Yet, every month or so, an ABETZ-like story pops up. I just don't get it................
First of all, I subscribe to the belief that it should not take longer than a week for the bettor to receive his funds. However, I take it a step further and have stricter guidelines. I so absolutely no reason, with security reasons taken into account, why a player cannot receive his/her funds in 3-4 business days MINIMUM. That's MORE than enough time. This reasoning is based on the fact that there are plenty of book out there that DO pay within this timeframe. Hell, in regards to one particular book, I requested a WU payout at 8:30 am in the morning and picked it up at Noon. The question that perpetually perplexes me is: If I can DEPOSIT funds in an account in 30 minutes or less, why is the reverse not true. And I'm not talking credit cards here......straight cash. While 30 minutes may be TOO much to ask, 3-4 days certainly is not. It CAN be done. I've done it for years with some particular books.
This leads me to another, but related, subject. It absolutely boggles my mind that folks would choose to send substantial amounts of cash to an outfit that has only been in existence for a number of months. Now, I'm not saying that these outfits should be automatically penalized because of their infancy. Somebody, somwhere, at one point in history ate the very first Big Mac, and 40+ years later Micky D's is doing quite well. So is the guy who ate the Big Mac (other than his arteries are, perhaps, more clogged, especially if he was a return customer). But, the point I'm trying to make is: these new books need to be treated with extreme care and discretion, for an extended period of time. In otherwords, they have to earn their stripes AFTER they have gained and proven their trust to the public and their customers.
Personally, I have a procedure that I use when trying a new book that has worked quite well for me. I start by calling the outfit and asking a couple of basic questions. I then post up the MINIMUM amount. I make a serious of small bets (both on the internet and over the phone) and take note of their grading practices, etc. After a brief period, I call them with a minor "problem" or question (usually fabricated) with the sole intention of seeing how they HANDLE the problem. I then procede to the final step: requsting a payout. This procedure tells me all I need to know about a particular book. If they treat a "small" bettor in a positive way, then they probably subscribe to the theory that all customers should be treated equally (which is a cardinal rule in ANY business).
Think about the following analogy for a moment. If you saw a commercial on TV for a car you have never heard of before, a brand new company, and it struck your fancy, would you go out and purchase one? Of course not. (Any former Yugo owners out there?) If a new weight-loss miracle pill were suddenly introduced to the market backed by a massive advertising campaign, would you jump off your treadmill and toss back a bottle or two? Most likely not. However, a large amount of Phen-Phen users did just that and are now paying the price (or soon will be when their wives give birth to a baby with three eyes.)
Now, I want to emphasize that I am, in no way, suggesting that one should automatically discount a fledging sportsbook. You have to get your start sometime. Nor am I suggesting that I'm some sort of expert on this subject. I'm not. What I DO do is: I work hard for my money and I have common sense. Not unlike 95% of the people reading this. And I've NEVER had a problem with a payout. Not even close. There are dozens of books out there with established reputations, with O skeletons in their past, where I feel unequivocally comfortable sending my money to while allowing me to sleep at night. Yet, every month or so, an ABETZ-like story pops up. I just don't get it................
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