I hate being lied to about payouts!

[buckeye]

I won't name them because I did get paid and I like their lines, but this stuff really shouldn't happen:

I requested a FEDEX payout on 5/21. They acknowledged it by email on 5/21 and another email said it was processed on 5/22. I sent them an email on 6/1 asking where the FEDEX was, they replied:
"Dear customer:
As we told you before, the withdrawal for $ xxxx was already processed and it was sent by Federal Express on 05/22/00.
The Fedex control number is: #### #### #####."

Well, I got it today, 6/2/00, and the check is dated 5/31 and FEDEX says it was sent 6/1 and their control # confirms it.

Why couldn't they just have told me it was delayed a little over a week instead of saying they had SENT IT 5/22 when the check wasn't even drawn until 5/31?

I have recommended this out to others, NO MORE!

[mls]

This is exactly the info that readers herhe are looking for!

Oops, the name of the book is not mentioned ... so the entire post is worthless.

[Dot Mix]

MLS

Good point. The value of this site is the volunteering of info that might educate and protect the masses. In doing that---it is hoped bookmakers perusing these boards understand that deception and flat out lies will not go down well here.

By NOT revealing the book you had the problem with is an utter waste of the forum members time, and will have absolutely no impact on that sportsbooks policy to stall and deceive regarding payouts.

Dot

[Scott Landau]

Something I'm starting to notice about these 'stiff' threads is that it seems to always involve either 'square' books with slower moving lines, or 'gambling' books with opinionated lines. Scalpers always find their way to these books. So if steam comes in on a game and it goes from 115 to 135, and 5 minutes later the slow book still has 115, than this book will be one sided on the game. In the second scenario a book is being run by an opinionated BM. If a sportsbook manager gambles and puts a 5-10 cent opinion in his line, all the scalpers will find him too. Let's say you're scalping tonight and you're taking lines from 10 different places. Nine of them have the Astros at -148 to -155, but the opinionated(read gambler) guy gives you HOU-165. Naturally, you're going to give this guy a large play on CSOX+155. But so is every other scalper who plays with him! And I'll lay Pedro Martinez odds that it is these 2 types of books that are doing the bulk of the stiffing!

[Dot Mix]

Scott

I believe you may have a point. The "off-line" books that offer big limits can attract a ton of money. When they reach the point of going under, or decide it's time to abscond with the funds they can take down a lot of people for a lot of money. When BOOMER got stiffed BY ACTION SPORTS and he was asked why he bothered dealing with a book that had some bad raps against it, he explained that he took chances on some lesser known books to get line variances. He also spoke of his bad debt as cost of doing business---which is fine. If you don't take some chances you are certainly not maximizing your profit potential. But-----to over expose with any one of these books or alliances can be financial suicide. Things can go along fine for quite a while, but all it takes is one heavy duty screw job, and months and years of hard work can go down the drain. Even an experienced player and businessman like BOOMER admits to the stupidity of having his whole bankroll sitting under the control of one person. I'm a recreational gambler because thats all I have enough stomach for, but I feel for anyone who gets ripped of in this or any other endeavor. Gamblers have to constantly remind themselves there are very few highly ethical people in this business, and all the promises of security, honesty and stability put forth by the books in their sales pitch
must be looked at with both eyes WIDE open.

Dot

[chestrockwells]

Dot, for once I agree with you totally. I don't know what everyones first reaction to the new "Boomer situation" is but mine was something in the way of......why in the hell would someone be silly enough to a) put 100k offshore, b) spread it out over only 3 books and c) who are the books again? Don't get me wrong, I hope he gets paid. But at some point I'd love to understand the quality of thinking that went into making these decisions. Unbelievable! Must have been some great bonuses and line variances.

[buckeye]

I'm not sure why my mini-RANT would be worthless w/o a name, this is RANTS and RAVES isn't it? I offered it in part to show those who think these places honor can be relied upon why I no longer keep a high balance anywhere. If it makes that much difference, the book that lied about the FEDEX was the 6th one in the first row below.
I have never had a problem with them before and continue to play them, I just don't know why they thought they needed to send me a deceptive reply instead of admitting an oversight.

I didn't want to single them out because it was the first such incident and many others have done even worse. I have had many incidents of similar nature with payouts arriving three weeks after request and noone ever just says they didn't send it, it is always "We sent it, it must be your fault".

RANT OFF

[mls]

buckeye: The name (GoTo) is important to many readers.

Maybe it was just an oversight ... or maybe not ...

The point is I now know not to put a large deposit with GoTo ... there are many solid books that do not slow pay or outright lie about sending payments. To me it is a caution flag ...

Thank you for the info.

[Ronbets]

Chest,

I dont believe Boomer purposely left 100k in these lightweight stores. Two of three days of heavy pounding into those weak #s at up to 5 dimes a pop can cause a huge shift in assets. They took a shot at Boomer and lost to the heavyweight stores. A classic example of WalMart KO ing a smaller business. A fact of life.