Just want to share some of my really experience in sports betting.
I have been betting in Bovada for about 1 year. Throughout the year, I have been making money from both sports betting and poker game(mainly in sports). I have made about 6 payout requests, totaling over 10K. The most recent payout I made was on early May, which I received on early July.
The payout time in late last year was about 3 to 4 weeks, which is still acceptable, however, recently the payout time has increased to 2 months , which really makes me sick! This not only affects my betting habit, but also put a constant pressure and doubt in my mind that whether the company is running well to support my payouts.
I then have started using 5Dimes since mid June. At that time, I still had over 2K on bovada(after I made the 3K requests on early May). One week later, I made 3K on 5Dimes, and 4K on bovada. So, at that time, I request a check payout on 5Dimes for 2450(the maximun you can request the first time), which i received 3 days later!!
So, what about bovada? I had 6K at that time and I wanted to make payout request, but the pressure and doubt about them as mentioned above really makes me not comfortable to make another payout request when there is one 3K payout is pending to receive. 2 days later, I lost the whole 6K in a particularly bad day in both sports betting and poker(mainly in sports). Afterwards, I was really sick and tired of bovada, and decided to switched completely from bovada to 5Dimes.
It may be not fair to blame bovada in my 6K lost because I should have discipline in betting, should never put the entire bankroll into play in one day. I actually do have discipline and bankroll management, and I think that's a key to my success. However, the thing about bovada is that the delay payment really makes you sick from time to time, and does mess up your mentality!!
Normally when I got to 3K, I would request half or 2/3 of my bank as payouts. This is what I did in bovada previously. But the delay payment introduce worries and doubts to me, which makes me think I should wait till I receive the previous one and then request another one. In this case, when I had a lot of money in my account, especially when all of them are profits, adding up the mentally hates to the website, I made a mistake by putting a big bet on the day, resulting in losing entire bank. Nevertheless, if I could have request 3k after I got 6K bankroll, I would not run into this problem at all.
Honestly, I do Like the lines and betting features of Bovada much more than those in 5Dimes. Much Much more. (I mostly bet on US sports.) However, if they don't speed up their payment speed to within 2 weeks, I will never deposit 1 cent again. I meant, this is just really makes play sick and will disturb their mind and behavior.
I just requested another payout on Sunday from 5Dimes, which I expect to received by this week.
Although 5Dimes has less lines for my interests, and the betting screen is not as good as bovada(both in my mind), I am happy just because the way they handles the payouts!
Hope this will give you guys some ideas in choosing sportsbook. I also hope CS in bovada can realize this does hurt their business.