[raydog]

from peeps. appears someone is bailing out/taking over Matchbook. is this just a rumor or does it have teeth? hopefully SBRJOHN can elaborate...
http://www.peepsplace.com/showthread.php?t=238981

[rm18]

why would they extend credit like that?

[raydog]

gotta find out if the rumor is true sicky. the guy claims john knows all about it. if those so called DOS attacks were false and they were really just hemorrhaging money or waiting for bailouts, its not gonna sit well with anyone. maybe check the thread later to see if anyone has some more info

[BigDaddy]

credit has been talked about before so it's not out of the question that this could be true.

[Matt Rain]

why would they extend credit like that?

I asked the same question a while back. People didn't seem to think it was a big deal.

Matchbook also a credit shop?

[Stacocakes]

Would be nice to know if these books are safe or not. Seems everyday there is a new rumor about a book and all it does is make everyone worried about their money

[jjgold]

I would think it is true

[durito]

stfu jj

[Mudcat]

A couple years ago Matchbook was leaving the North American market. Someone posted it.

They're still here though. It's not actually that hard to just post something.

[tltaylor89]

I know one guy that took them for 800k but thread dosent make since if match can't offer a market anymore then I'm taking my hunk out

[MrX]

I have no clue what the likelihood is of that post being true, but I'm grateful that, even if true, it sounds like balances are safe. That's the kind of rumor I can get behind.

Interesting thread, Matt Rain, I missed that one the first time around. I also don't think there can be much doubt that MB extends tons of credit, and I never gave it much thought. No one living in the U.S. can be unaware now of what some bad credit can do to a seemingly rock solid system.

By far the most serious allegation is that the "watchdogs" were aware of impending doom and kept quiet. I think the whole thing sounds pretty unlikely, but who knows?

[blackbart]

makes no sense, since mb is an exchange where is the risk?

[Sam Odom]

makes no sense, since mb is an exchange where is the risk?

Only in theory is there no risk!

[bigugly]

Interesting that I had never been asked for a scan driver's license or CC before by them when I wanted a withdrawal. Yes I did put some money in there with a **** card, but I've done this before and they never wanted a scan of my DL or CC....until today. I don't know if this means anything, but it could mean that someone else is running it.

[username474]

I have serious doubt in all of this. There may be some truth in WSEX selling their minority share of Matchbook to raise cash or a new partner coming in on Matchbook. But I don't think Matchbook is broke or in financial troubles. Even if Matchbook made a few mistakes to credit players on say 10m, they would have NO problems raising cash to get themselves out of hawk.

Does Cris still do book to book transfers to/from Matchbook, yes
Does Greek still do book to book transfers to/from matchbook,yes
Does 5Dimes still do book to book transfers to/from matchbook,yes

When the answer to those questions is NO ,then there is problems.

[JoeVig]

u474 makes a very good point about the major books still trading B2B with Matchbook. Dropping B2B was an early sign of trouble in the past for books on the decline (Cascade, Skybook). I would be worried if I saw this pulled from Matchbook, but for now see it as a vote of confidence that it remains.

[miektheman]

isnt it sbrs job and duty to tell us what is going on here?????

[roasthawg]

Interesting that I had never been asked for a scan driver's license or CC before by them when I wanted a withdrawal. Yes I did put some money in there with a **** card, but I've done this before and they never wanted a scan of my DL or CC....until today. I don't know if this means anything, but it could mean that someone else is running it.

On my last withdrawl I had to fax them a photocopy of my license and a utility bill. That was 6 months ago though.

[WileOut]

I'm not accusing anyone of anything but 1 of the 2 sponsors at peeps place just opened a new exchange and will compete primarily with matchbook for customers, now conveniently this info comes out. Just pointing it out, not accusing.

[bigugly]

Why not stick with bwin / sportsbook.com ?

You are kidding...right?

[JBC77]

Is there any official information that someone from SBR can share? There is no sense in letting rumors build about an A rated book. So it's a little disturbing, if it hasn't happened, that the player advocate SBR should find out for us if this has any teeth. It's going to look really bad, if an SBR A rated book and advertiser were to fold and our balances got hung up or taken.

We also do not want a run on Matchbook, where the masses start requesting their balances. I'm pretty sure the owners of Matchbook are probably leveraged and have used player balances to run the place. Not unlike a bank would do with customer balances.

That being said, would be awfully important for SBR to nip this one in the bud, find out the truth quickly for it's players and report on any takeover deal or any sort of trouble Matchbook MIGHT be in.

[Peep]

I'm not accusing anyone of anything but 1 of the 2 sponsors at peeps place just opened a new exchange and will compete primarily with matchbook for customers, now conveniently this info comes out. Just pointing it out, not accusing.

So far you and I are the only two that suspect that Wile Out. I too think that is a possibility, although no one pretty well tells me anything lol.

The thing for Matchbook to do, which they are doing, is just to continue to pay everyone who asks to be paid whatever amount they want to be paid in a prompt fashion.

That will end rumours in a hurry. I remember when Pinnacle was starting up, someone said they were broke, and a "run on the bank" started. Pinnacle never said a word, just paid everyone within an hour like they always did and have done since. That quieted that shit down.

May Matchbook do the same!

[Chuck Sims]

Why not stick with bwin / sportsbook.com ?

This post just took the lead for clueless post of the year.

[Chuck Sims]

I'm not accusing anyone of anything but 1 of the 2 sponsors at peeps place just opened a new exchange and will compete primarily with matchbook for customers, now conveniently this info comes out. Just pointing it out, not accusing.

A coincidence? I doubt it. Nothing like trying to start a run on a competitor.

For the record, Matchbook continues to pay lightning fast.

[bigugly]

Sounds like it was just DOS attacks. I have yet to see any evidence of anything to worry about.

[purecarnagge]

SBR has no comment?

[RogueScholar]

Chances are nothing would make SBR happier than for us to move our monies to books where they can capitalize on our losses as opposed to Matchy. What else can we conclude when they don't even grace us with a comment in four days...

[Chuck Sims]

SBRJohn already commented about Matchbook rumors in another thread.

[JoshW]

All just my opinion, but as I have said in other threads, with ownership it is difficult to get all the details, and even when you get the details, most of the time, it is best to leave things unsaid. The forums are not a venue to carve up the corporate details of each book. All books are operating in at least some ways they don't want public.

IMO, the reason each rumor isn't addressed is that it just leads to more discussion where all the details aren't known so that just leads to more speculation.

[Jaug]

Matchbook has to be making some sick amounts of cash. Getting a loan for a risk free business that makes money by letting others bet with each other should be easy. A $30k bet is accepted at matchbook $240 straight down the pocket without risk. In yesterdays NFL there must have been enormous amounts matched for example.