Did anybody ever hear of this ?

AR182

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i don't think jack is still around because i would have sent this to him via e-mail...

i got the following e-mail from betonline..they say it is an industry wide practice that all books adhere to...is this true ?

Dear Al:

Upon reviewing your account I realized you have a make up figure of $4,500 which means that I will not be able to grant you the $900 freeplay bonus.

In order for you to be eligible for re-deposit bonuses, you would have to bring the MUF down to zero and from that moment on, bonuses can be awarded.
 

The Judge

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MUF = Make Up Figure

This means that you have cashed out $4500 more than you have deposited with this book. Sorry Al, but no book is going to pay you to beat them.
 

Woodson

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Al, never took you as someone who brags:mj07:


Awesome job by the way... get in the forums more and post those picks!!! :00hour
 

AR182

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Al, never took you as someone who brags:mj07:


Awesome job by the way... get in the forums more and post those picks!!! :00hour

:mj07: :mj07:

woody...i only play football....per my negotiations with my wife...:142smilie

enjoy your weekend..
 

The Judge

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so judge are you saying that this is standard in the industry ?
Accross the board.

This is why you will often see bonus offers which reference "qualifying accounts only". If you beat a book and cash out, they are not going to give you another bonus until you are at least back to even with them.
 

AR182

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Accross the board.

This is why you will often see bonus offers which reference "qualifying accounts only". If you beat a book and cash out, they are not going to give you another bonus until you are at least back to even with them.

i beat this book fair & square....& what they are doing doesn't sit right with me....& who is to say that i will beat them this year...

so now instead of getting my business & a chance of me giving back most of that money, there is a good chance of them not getting anything...how good a business decision is this....
 

The Judge

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Al, you are basing your opinion of this business decision on a your own season-to-season experience but there is a much broader perspective to consider.

Without rules like this in place, what is to prevent a player from making a deposit, claiming the bonus, wagering enough to complete the rollover and then cashing out and repeating the same routine all over again, and again, and again? To allow that would make no business sense whatsoever.

Like I said, no book is going to reward you with bonuses if you are beating them.
 

AR182

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Al, you are basing your opinion of this business decision on a your own season-to-season experience but there is a much broader perspective to consider.

Without rules like this in place, what is to prevent a player from making a deposit, claiming the bonus, wagering enough to complete the rollover and then cashing out and repeating the same routine all over again, and again, and again? To allow that would make no business sense whatsoever.

Like I said, no book is going to reward you with bonuses if you are beating them.

i don't believe in lumping everybody into 1 pot & manage a business from there....each person should be judged on case per case basis......i have been with this particular book since 2003 & in all of these years i doubt that they can find a bet i made on any other sport other than football....so they know my betting habits...

btw judge i appreciate your responses & i would like you to keep coming back at me if you have the time because i respect your opinion & i happen to like this book.....alot...
 

Scarecrow

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This whole concept is fundamentally wrong!

So the books are discriminating against winners. Of course from a business model standpoint it would be ideal if you only had losers for customers. Some of us do win occasionally and I personally expect equal treatment whether I am having a good season or a bad season.

It is hard enough to eke out a profit in this business without having to battle the books for offered bonuses, timely deposits and withdrawals.

My two cents.

Scarecrow
 

The Judge

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This whole concept is fundamentally wrong!

So the books are discriminating against winners.
No business is going to provide additional compensation to customers who get the best of them. Reload bonuses are provided to players whose wagering history is in a net loss position as an incentive to continue to play with a book but if a player is in a net winning position, no book is going to reward you to continue to beat them.

As I mentioned above, if bonuses were awarded on any deposit, all a player would have to do is to wager until their account was in a winning position and withdraw all the funds in their account. At that point, they could simply redeposit those same funds and claim an additional bonus which makes zero business sense.

Let?s compare the situation to a sportsbook in a brick and mortar casino. If a player places a wager and wins that wager, would he expect to be able to go to the window and cash his ticket and then be given a bonus toward his next wager. Of course not. In fact there are few, if any perks or incentives given to sports players by casinos.

Not rewarding winning players is certainly nothing new and has been an integral part of bonus programs since their inception. Each of the following are excerpts from rules regarding bonuses from several different online sportsbooks:


Deposit amounts must cover withdrawals before qualification for bonuses would apply. Overall loss amounts (subsequent to withdrawals) can also be used to cover withdrawals.


Bonuses are only offered on new money; if a member has recently taken a payout, client will be required to make up the total amount of the payout in deposits before being eligible for a bonus. Bonuses will only be provided to clients with a net loss position, a client whose account is in a net positive position overall will not be eligible for re-load bonuses.

Once a withdrawal is made, an account will only be eligible bonuses on newly deposited funds which exceed the withdrawal amount(s).


Re-up bonuses are granted only if the player?s recent wager activity has resulted in losses that are at least equal to his re-up deposit amount.

Accounts are not eligible for re-load bonuses if there have been back to back withdrawals or withdrawals have exceeded 50% of account balance.


As you can see, this policy is an industry standard and it has always been this way.
 

AR182

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judge...

it may be an industry standard but i think it is flawed....unless a player is a professional, there is no guarantee that a he will consistently win because he won one year....& i think the odds would show that...& i think these books are chasing players away because of this business practice...
 

The Judge

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Al, you stated that you appreciate my opinion but the truth of the matter is that neither my opinion nor yours really matters. The bonus policy that I have attempted to explain is what it is and has been in place for a very long time. I understand your disappointment in learning about this rule and I hope that you can also understand the rationale behind it that I seem to have done a poor job of explaining.
 

AR182

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Al, you stated that you appreciate my opinion but the truth of the matter is that neither my opinion nor yours really matters. The bonus policy that I have attempted to explain is what it is and has been in place for a very long time. I understand your disappointment in learning about this rule and I hope that you can also understand the rationale behind it that I seem to have done a poor job of explaining.

no my friend...you explained it very well...it's just that i am sometimes stubborn...& it is what it is....

case closed....

enjoy your weekend....
 

Bombs

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BetOnline clearly does not want winners to play there.

Last year, I deposited about 4k there, and lost it rather quickly. Re-upped with another 5k, and ran that up to 27 or 28k. They then slashed my limits to 100 per game and basically made me cash it out.

I had to use bankwires, but only 5k at a time, and the fees were like 75-100 per time.

At least they paid, and they did it pretty fast. I will give them that.
 

77sticks

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BetOnline clearly does not want winners to play there.

Last year, I deposited about 4k there, and lost it rather quickly. Re-upped with another 5k, and ran that up to 27 or 28k. They then slashed my limits to 100 per game and basically made me cash it out.

I had to use bankwires, but only 5k at a time, and the fees were like 75-100 per time.

At least they paid, and they did it pretty fast. I will give them that.

They have the right to basically boot you. At least you got paid in a timely matter.
 

Bombs

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They have the right to basically boot you. At least you got paid in a timely matter.

i recognize that they can do what they want to do. what was most annoying, however, was not finding a way to transfer it to a book that would accept my action. its not like i'm some super sharp. its very difficult to get funds offshore nowadays and it was a real pain to reup with other shops after that.
 
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