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Old 11-06-09, 05:16 PM   #1
CollegePro
 
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Default question about Betphoenix payout...

Okay guys. this might apply to other sportsbook as well but so far, it only applies to betphoenix out of books which I am using currently. So here is the question. Let say you deposit $5000 into betphoenix. You get really lucky and now your balance is over 20k or 25k..... For U.S customers, your only option for the payout is either by **($850 max and can only request once a week) and cashier's check(max $2000 and also can only request once a week if I am corret). so this tells me you can only request maximum payout of $2850 per week and if you want to withdrawl whole 25k, it will take almost 10 weeks to take out your money. So why would someone deposit big chunk of money in betphoenix despite the fact that they have really good bonus?? I saw someone's post saying that how he lost $200000 in 7 or 10week period. I don't know if he is BSing or not(most likely he is) but if his statement was true, and if he won money instead of losing, how the hell was he going to withdraw all that money out of betphoenix?? it will take him over year to request withdrawls to empty his account..... I thought this was pretty crazy...
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Old 11-06-09, 05:17 PM   #2
CollegePro
 
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mods, can you move this thread to sportsbook section please... wrong section. sorry
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Old 11-06-09, 05:19 PM   #3
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Some would do sportsbook transfer and play a few games to meet rollover. BetPhoenix transfers to a variety of books and you can get the whole balance in a matter of a few weeks.
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Old 11-06-09, 05:23 PM   #4
CollegePro
 
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I thought about that too... but let say if you transfer the money to thegreek(I don't know if they allow it or not), I believe thegreek's rollover requirement is 4x. So if I transfer 10k, I have to bet 40k worth before I can withdraw that money. I don't know if I can take that chance knowing that there is always possibility you can lose your 10k while trying to meet the rollover requirement.
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