Posted on July 26, 2015 by Angela Burrows
Summer is always a dangerous period for sportsbooks and bettors with funds in those sportsbooks. Basketball is over, and baseball doesn’t supply the volume needed to support a book with large overhead. Many sportsbooks have to dip into their reserve funds to pay players. And many sportsbooks delay those players, hoping to survive until the August football rush replenishes their bank accounts to pay those players. Sportsbookreview.com has come out with some good advice for betters dealing with these slow paying sportsbooks. From this article:
1) Don’t get angry at customer service reps.
Live chat employees are the lowest of the low when it comes to a sportsbook’s food chain. They usually make minimum wage and have no input into whether or not you get paid. Behaving badly towards these people may give you a little joy in spreading your misery, but it can only hurt your cause. Treat them respectively and ask to speak to a manager.
2) Don’t say chargeback
“Saying the word chargeback to an online sportsbook is a lot like saying the word bomb on an airplane,” says SBR. “If you are waiting to be paid, dealing with any entity other than your online sportsbook, except for dispute mediators, will go nowhere. In fact, threatening online sportsbooks will most likely lead you with a banned account and possibly render you unable to play with certain sportsbooks in the future. This scenario could occur even when you legitimately feel you have a reason to contact your financial institution. The best course is to remain polite, take it to the forums to advise others and raise public awareness, and file a sportsbook complaint with SBR. While a blacklisted online sportsbook may never issue your withdrawal, you will at least help other sports bettors from being scammed.”
3) Catching more flies with honey than vinegar
Treat the sportsbook like they are the police who pulled you over after your ran a stop sign. Suck up, be nice, and get the employee on your side. A cop is more likely to help you out if you treat him with respect. The same goes for the employee.
The best way to avoid being slow-paid is to play only at books that pay out quickly. SBR does a good job dealing with postup books, but even the fastest paying sportsbooks take days to make payouts to its American customers.
Bitcoin only sportsbooks, on the other hand, often have automated payouts that take minutes rather than days. While these sportsbooks don’t have the long track record of a 5Dimes.eu, the immediate payouts mitigate much of the risk of playing with newer sportsbooks. If a bitcoin sportsbooks is slow-paying someone, you will quickly find out about it at bitcointalk.org.
However, there are many shady bitcoin books out there and one must be very careful before sending your bitcoin a bitcoin only sportsbook. Peeps Place at bitcointalk.org is the ultimate authority on these newer books, and has organized an outstanding chart detailing the strengths and weaknesses of each major bitcoin sportsbook. His advice is vital and will go a long way towards helping you choose quality bitcoin book.
In the long run, a gambler playing at strong sportsbooks, both fiat and bitcoin, will avoid most payout difficulties. A little due diligence is necessary, however.
Posted in Sportsbooks