OK, Here's the Good and Bad About BetED!!!

moneyline · 02-19-2008, 09:32 PM

Finally, the story can be told -- I gambled with this company for over a year, about $1K a day, give or take .... I was down about 7K going into the second week in January when I went on a great ML run, winning 15K in that week ... leaving me up a total of 8K from their company.

That's good.

The next day, I found my limits had been moved from $1000 to $25 without so much as a word from them. I had over $15K in their bank and was immediately concerned about getting paid. I though what book cuts you off just because you finally had a good week. Finally a manager sent an e-mail saying it was just a business decision, nothing personal.

That's bad.

I found this site and wrote to both Dan and Dozer, and they put my mind at ease that if I were to get ripped off, they'd be able to help. But I wanted to take my time and see what happened next. BetED allows you to take out 3K a week and takes 7-10 days in all to payout through instacheck ...

That's good (Dozer and Dan) and bad (having no other place to gamble and having my money tied up it BetED for 5 weeks at the best)

I have now spent the past 5 weeks withdrawing my money faithfully every Monday morning and there has not been a hitch. Just received the last of the 15K today. They paid me every penny after getting rid of my gambling action.

That's great.

I did start another account with BetOnLine and lost $4K to them -- it is money I would have lost to BetED, if they had any patience and realized I am a very streaky gambler (what they should have noticed from my previous year with them).

That is funny.

And now I'm pretty happy. BetED was honorable. If you are not looking to gamble too high/win too much/too quickly, they are a great book. Always polite and live up to their word, pay-offs are professionally done (never a problem for me) ...

Thanks SBR and thanks BetED for not only paying me everything you owed, but for also stopping me from throwing more back if I had had access the entire time.

Oh, but please be a little more professional when you are cutting off a big money customer. A little bit of communication goes a long way ...

Iwinyourmoney · 02-19-2008, 09:34 PM

My friend has a small account there, averaging $50-$100 a bet. He withdrew $700 last week and it hit is account today. Payout wise they are very fast!

CrazyL · 02-19-2008, 09:34 PM

Thanks for sharing your experiences, but at the end of the day it's a business they are running and if they deem (however right or wrong) you to be capable of hurting them too much, they'll take the appropriate steps. I'm glad they paid you, I don't recall reading anyone complaining about payouts other than the infamous SexyGamblerChick case which was an entirely different animal.

robmpink · 02-19-2008, 09:38 PM

BetEd is like your grand dad's book. Personally I don't like them.

CrazyL · 02-19-2008, 09:44 PM

Well their management has looked a little foolish at times but at least they pay, let's not rip them too bad. They always seem to keep an open line to SBR, even in cases where there's clear shot taking on the players part going on.

moneyline · 02-19-2008, 09:47 PM

That's the funny thing. If you looked at my gambling record, I never did anything that would be considered shady -- unless always making money line bets is shady. But I did give them a good hit over a 7 day period.

And they paid me every penny. I never, in a million years, thought they would after they effectively cut me off, but they did. For that alone, I think they earned their B- rating and perhaps should even be kicked up to a B (with the caveat that they are not for people who want to bet a dime a day)!

bigboydan · 02-19-2008, 11:39 PM

Like I was telling you via the PM's, I didn't think you would have any problems at all receiving your full amount of funds.

Glad to see you finally cleaned out your account without any problems sir.

moneyline · 02-19-2008, 11:41 PM

You were right and thanks again for putting my mind at ease during that time. Peace of mind is a very valuable commodity and you, along with Dozer, gave me that at a time where a lot of money was at stake ...

picantel · 02-20-2008, 09:23 AM

Anyone take any withdrawals from them via western union. I just wondered how long it took them to pay up.

bigboydan · 02-20-2008, 01:08 PM

Picantel,

The time frame is anywhere from 2-5 business days on Western Union withdraws from BetED.

getlowplayaz · 02-20-2008, 01:14 PM

I just started an account with them deposting 1k. They debited my bank account already so I submitted my instacheck authorization form and bank documents for a withdrawal of 3k to be processed. Does anyone know when it will sent to my bank account? thanks

bigboydan · 02-20-2008, 01:22 PM

Quote:

Originally Posted by getlowplayaz

I just started an account with them deposting 1k. They debited my bank account already so I submitted my instacheck authorization form and bank documents for a withdrawal of 3k to be processed. Does anyone know when it will sent to my bank account? thanks

According to the BetEd website they claim 2 business days sir.