[Doug]

What's the logic ? I guess so the winner has time to lose it back ? Foolish, IMO ! If you have the "recreational" type bettor playing 6-team parlays on NFL, and he finally hits one, then pay him quick, you surely want this customer. Pay the man, he'll lose it back quick enough and more, may bring in a few of his square buddies as well !

The sharper player getting slow paid is going to complain here or at RX, TOW, etc., not good for business, just pay him also.

If you have a real pro player, use his opinions to adjust your lines, and profit from him, also, and pay him. He might be be your best customer to have ! If he pounds you late, not allowing you time to profit from his bets, then cut his limits. Try to establish a cooperative relationship with this guy, pay him as well or it will definetly hit the forums.

In conclusion, IMO, there is no excuse for a slow-pay, unless book has financial problems. The slow-pay is a real RUN sign. The only other possible explanation is incompetence ( like SIA). I'm still uncomfortable trusting money to incompentent sorts, but SIA is unique.

Any other thoughts on this ?

[Clip Joint]

I think all of that is pretty much common sense.

The good books have common sense...the scammers and guys looking to make a quick buck don't.

[Doug]

I think all of that is pretty much common sense.

The good books have common sense...the scammers and guys looking to make a quick buck don't.

Yes , but how about the books that still slow-pay, but eventually pay ? I think they are just going about it wrong. Be a a good book, or a Shit book and run with the funds ! I don't get the middle ground of this !

[Clip Joint]

Yes , but how about the books that still slow-pay, but eventually pay ? I think they are just going about it wrong. Be a a good book, or a Shit book and run with the funds ! I don't get the middle ground of this !

The big operations that are shit books (Royal) use the stall tactic to try and get bettors to lose the money back before they get paid. It is just a different way of doing business that unfortunately works for them.

[Doug]

But , does it really work ? Stall the square that finally wins a parlay at Royal, he may defect to Bodog, SIA or somewhere. If I was a bookie ,I'd pay the guy fast !

If I was a bookie of questionable character, I'd selectively pick the guys to use the slow-pay against, but few would qualify. To me just paying all and building a reputation is more important. Pinnacle was once new, even Bowman's.

I still don't get slow-pay ! Either pay and build a rep or be a Blue Marlin,Pan-am,ESB...............


Slow pay makes you a "D" book. If you are going to pay eventually anyway, why not just pay in reasonable time. Reasonable to me is less than 24 hours via NT, possibly excluding weekends, beyond that is sub-standard !

[SBR_John]

I think the Tej sell-your-soul army of russ, uncle butter, ect., did great harm trying to convince people that there is nothing wrong with a slow paying book because well, at least they pay eventually.

It used to be you had slow pay and no pay just like you have murder and attempted murder.

Back in the day respectable sites would take down and not advertise a book that there was a confirmed slow pay. Its sad we can not all agree that slow pay books are dangerous. Actually we do agree its just some people are easily bought off.

[raiders72001]

did great harm trying to convince people that there is nothing wrong with a slow paying book because well, at least they pay eventually

I dislike when someone says that it's OK for one book to slow pay, as long as they pay, but then gets all over another book for slow pays.

Reasons for slow pays can vary. For big balances they want to hold your money so that you keep betting and hopefully lose. Many players aren't forum players and they figure it won't hurt them publicly. Some guys keep going back after being slow paid. Lastly, they may not have the money.

[raiders72001]

What if the customer is a pain in the ass? The customer is always right doesn't hold water with me. Scammers exist in all types of businesses.

[raiders72001]

Example- A customer comes into your restaurant every week. Every week he complains about something. Sometimes he makes a scene trying to get free food. Sooner or later you have to tell this guy if you don't like the food or service than go elsewhere.

[jjgold]

Some of your wealthiest people do not pay bills or pay them very late

[square]

Tell u what brick,

I'm really like your style my friend!


Right on, yea buddy, like... "What business WERE you in sir?".


Very well put.

[jjgold]

Most books that slow pay are usually ver low on funds

[raiders72001]

Most books that slow pay are usually ver low on funds

agree but in Royal's case they want to keep it longer hoping that you lose.

[square]

agree but in Royal's case they want to keep it longer hoping that you lose.

and also tell them the rest raid,


"something that we don't do very well" right !

[why]

Books should never slow pay-ever, if they are , I can only assume they are having problems or don't respect the business they are in. Sometimes you win and sometimes you lose but be aware you must pay or suffer the consequences.

[raiders72001]

Brick- It's obvious that you have no real world experience so I'll give you a scenario that even you will understand.

Hypothetically you own a sportsbook. I guy deposits 5k with you and proceeds to lose it all betting. The guy deposited using a CC and does a charge back for 5k. You say that's OK, the customer is always right. I'm not going to complain becasue I have no spine and I'm afraid the guy will bad mouth me.

This is what I do. I fight the chargeback any way that I can even though I may not recoup the 5k. I tell my fellow book owners so the same doesn't happen to them. I don't care who this idiot tells because people that deal with me have 100% trust in me.

When you finally get out into the world you will learn these things. Don't always believe the cliches, the customer is always right, and theories.

[pags11]

agreed Doug...books have to pay or they lose all credibility...good thread here by the way...

[SBR_John]

Somewhere along the way a few people in this industry started to minimize the importance of a slow pay. These folks either secretly or overtly worked for these slow pay books. This trend continues today.

The line “They pay but sometimes they pay slow” was born.

Players need to be smart enough to see through these shylarks.

A bookmaker has no business being in business if they have to slow pay.

[marc]

I think one reason books some books slow pay, is to hide losses from investors. I think some investors/owners are primarily concenred with deposits vs withdrawals. IF they see they are getting more dposits than withdrawals, they are making money, if there are more withdrawals than deposits, they are lsing money. Player balances don't always come into the equation. So I think there are some GM's, and I think this might be what is going on at royal, is that whn you have a bad week, you try to slow pay some players, and push the withdrawals off to another week, where you'll do better, in order to give the false impression to the owners that youre making money day after day, week after week, month after month.

[square]

Slow pay makes you a "D" book. If you are going to pay eventually anyway, why not just pay in reasonable time. Reasonable to me is less than 24 hours via NT, possibly excluding weekends, beyond that is sub-standard ![/QUOTE]


It is generally a mixture of a cash flow problem and just plain "STUPIDITY" Doug period.

In the past 4 to 5 years especially there have been hundreds of guy's moving here and "TRYING TO BOOK" not knowing how to manage even a fisher price check book. Most do have the intention to pay usually but due to high limits,real dumb employees and people like you and I, they get smacked real hard and it takes time to recover.

Most guy's that are "green" in the booking end of things come here and are either broke in a year, on the run from everyone, end up living on the street working for people like mike rinnier or end up getting wacked!

Hope that sheads just a lil light on that slow or no pay problem guy's.


sq

[jentude]

I hit a royal flush at the oasis casino a couple of years ago, for over 8000! They made me wait for like 2 weeks just to get 3000 of that. If you dont have the resources to pay close up shop! I can't wait till gambling online is legal in the US. Maybe then we will not have to worry if we get paid when we hit big

[SBR_John]

Good points square. You're right except a good many books now days slow pay as punisnment for winning or like the dozens of complaints on Royal, they will leave it in the players account hoping he will lose it.

And jentude they should have sent all the money in seconds. Seriously, think about it. A guy hits it big in an online casino!!! So you slow pay him?? How stupid is that? Now he's gone forever.