Offshore payout limits ?

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  • ktpistons32
    SBR High Roller
    • 10-13-20
    • 99

    #1
    Offshore payout limits ?
    Hello question regarding payouts is a 3k a week payout limit standard? I deposited $250 Sunday for the new sportsbook I tried i got 150% fp 15x ro, I worked it up to 9k hit rollover but was only able to cash out 3k I feel like I’m gonna likely blow some of it before next week. Is the 3k a week standard or sketchy? Obviously it’s easier to just say don’t touch the funds and wait a week but you don’t get up that fast if you don’t go down twice as fast. Any input appreciated thx
  • Da Manster!
    SBR Posting Legend
    • 07-13-07
    • 17720

    #2
    I think it entirely depends on the method on which you want to get paid. I know most books do have weekly limits and a maximum value (usually $2500 - $3000) on paper checks via courier method. and you are only allowed one per week and have to pay a ridiculous fee of $50 - $65. at least that is how it used to be. I'm not sure if anything has changed since the legalization of gambling. Also I do think they are more liberal with cryptocurrencies. much higher limits and almost unlimited transactions. not sure what the transaction fees are. (if any)
    Comment
    • littlekona
      SBR Hall of Famer
      • 11-19-15
      • 5241

      #3
      what book is it? 3K a week is low. but could be due to method you requested like Da Manster said
      Comment
      • ktpistons32
        SBR High Roller
        • 10-13-20
        • 99

        #4
        Ya it was all payout methods bitcoin paypal etc, and action247.eu
        Comment
        • WillyJ420
          SBR Hustler
          • 09-03-23
          • 60

          #5
          I agree its all about how you want to be paid
          Comment
          • Optional
            Administrator
            • 06-10-10
            • 60662

            #6
            To address your main question.

            Plenty of reports here of offshore books limiting withdraws to 3k or less.

            What will tell you how genuine they are is if you can really get 3k every week reliably, or if it really turns out to be 3k every 2 or 3 weeks.
            .
            Comment
            • wombat
              SBR MVP
              • 11-23-20
              • 1022

              #7
              3k per week is very low and unacceptable imo. Look elsewhere because that’s just the tip of the iceberg of problems to come if the limits are that low. Bookmaker has 25K per day up to 100k per month. BOL has high payout limits as well.
              Comment
              • InsiderHer
                SBR Sharp
                • 12-18-12
                • 330

                #8
                Originally posted by wombat
                3k per week is very low and unacceptable imo. Look elsewhere because that’s just the tip of the iceberg of problems to come if the limits are that low. Bookmaker has 25K per day up to 100k per month. BOL has high payout limits as well.
                If the book offers large bonuses, than it makes sense. Its a trade off and that's simply not the case with Bookmaker. I know sportsbooks that have payout limits around that amount and have never had an issue with payouts. But, yes, BOL and BM are both excellent outs, and they pay no doubt!
                Comment
                • WillyJ420
                  SBR Hustler
                  • 09-03-23
                  • 60

                  #9
                  Some times it may even have to do with the processors the book uses for payouts
                  Comment
                  • Gaddamnit
                    SBR Rookie
                    • 12-23-23
                    • 21

                    #10
                    Isn’t 3k per week quite small?
                    3k per day at least
                    Comment
                    • dimaggio8
                      SBR Wise Guy
                      • 05-14-09
                      • 507

                      #11
                      Originally posted by WillyJ420
                      Some times it may even have to do with the processors the book uses for payouts
                      I never understood what "processors" really means when it comes to some books. Doesn't that ultimately mean thats all the money that can afford to play the player?
                      Comment
                      • Hero Man
                        SBR Hustler
                        • 11-19-20
                        • 86

                        #12
                        Originally posted by ktpistons32
                        Ya it was all payout methods bitcoin paypal etc, and action247.eu
                        These guys "Action 247" saw me winning and then cut my limits to $10. Never play with crooks!
                        Comment
                        • djefferis
                          SBR MVP
                          • 08-16-08
                          • 1187

                          #13
                          Again - what makes someone a crook for limiting winners ? Unless you have a roll remaining - books have every right to limit a player - for any reason they choose.

                          Not saying it’s sharp business - but it happens. Just as they can say your business is not wanted - you can take your business to any other shop out there who will accept it and move on.

                          Never understood people who complain about not being allowed to wager - unless they are trapping you in or not paying - cash out and move on. No reason to be upset that you managed to beat their lines. You’re in the minority and books don’t like those whose results are statistically outliers. They want only what they know how to manage - the hard to manage represent risk beyond what they are built for.
                          Comment
                          • 5mike5
                            SBR Aristocracy
                            • 09-21-11
                            • 51806

                            #14
                            Payout limits. Lol
                            Comment
                            • WillyJ420
                              SBR Hustler
                              • 09-03-23
                              • 60

                              #15
                              Originally posted by dimaggio8
                              I never understood what "processors" really means when it comes to some books. Doesn't that ultimately mean thats all the money that can afford to play the player?
                              Books use processors to move money around either coming in or going out. So there are people who offer this services they are called processors, and depending on where they have to move the money they have caps sometimes so that is why you will see some books can only do certain amount of money per week that is just because if they go over those limits their processors would not be able to handle them and raise questions you know
                              Comment
                              • dimaggio8
                                SBR Wise Guy
                                • 05-14-09
                                • 507

                                #16
                                Originally posted by WillyJ420
                                Books use processors to move money around either coming in or going out. So there are people who offer this services they are called processors, and depending on where they have to move the money they have caps sometimes so that is why you will see some books can only do certain amount of money per week that is just because if they go over those limits their processors would not be able to handle them and raise questions you know
                                I kind of understand this but not 100%.

                                Certainly they need to move money around and can send out certain amount of money each week, especially if they say on their rule page 3k is the max per week.

                                But when I hear that the "processor" can't send out any money this week, that to me would indicate that the book does not have the money.
                                Comment
                                • Hero Man
                                  SBR Hustler
                                  • 11-19-20
                                  • 86

                                  #17
                                  Originally posted by djefferis
                                  Again - what makes someone a crook for limiting winners ? Unless you have a roll remaining - books have every right to limit a player - for any reason they choose.

                                  Not saying it’s sharp business - but it happens. Just as they can say your business is not wanted - you can take your business to any other shop out there who will accept it and move on.

                                  Never understood people who complain about not being allowed to wager - unless they are trapping you in or not paying - cash out and move on. No reason to be upset that you managed to beat their lines. You’re in the minority and books don’t like those whose results are statistically outliers. They want only what they know how to manage - the hard to manage represent risk beyond what they are built for.
                                  Agreed....However these books like to limit while you still have a sizable roll to complete.
                                  Comment
                                  • djefferis
                                    SBR MVP
                                    • 08-16-08
                                    • 1187

                                    #18
                                    Cutting limits while you have a roll remaining is a bush league move and should not be permitted (at least without reducing the roll by a like amount).

                                    If I deposit 1k with you and have 1k per game limit and a 15x roll - you expect me to push through 15k in wagers - plus 15x on my bonus. Cut me to 100 a game - fine - but my rollover should now be 1.5x - you gave 1/10th the opportunity to wager - so I should be entitled to 1/10 of the obligation to wager.

                                    Oh wait - that would be “unfair” to the operator - who cares. The contract entered into when depositing is one of adhesion - book makes the rules - you adhere to them. If you want to change the rules - be prepared to apply the changes equally - or just be prepared to let players run through the roll and THEN show them the door.

                                    Too many crooks in the game today who want to play it both ways - want your money - but don’t want to pay. But you can’t stiff everyone at once because then the inflow of deposits will end and it cost upwards of 5k to create a website and start taking bets. So you play stupid games until the well of incoming funds runs dry.
                                    Comment
                                    • Gaddamnit
                                      SBR Rookie
                                      • 12-23-23
                                      • 21

                                      #19
                                      good point. But no bookmakers are doing it nowadays. They hate winning players

                                      Originally posted by djefferis
                                      Cutting limits while you have a roll remaining is a bush league move and should not be permitted (at least without reducing the roll by a like amount).

                                      If I deposit 1k with you and have 1k per game limit and a 15x roll - you expect me to push through 15k in wagers - plus 15x on my bonus. Cut me to 100 a game - fine - but my rollover should now be 1.5x - you gave 1/10th the opportunity to wager - so I should be entitled to 1/10 of the obligation to wager.

                                      Oh wait - that would be “unfair” to the operator - who cares. The contract entered into when depositing is one of adhesion - book makes the rules - you adhere to them. If you want to change the rules - be prepared to apply the changes equally - or just be prepared to let players run through the roll and THEN show them the door.

                                      Too many crooks in the game today who want to play it both ways - want your money - but don’t want to pay. But you can’t stiff everyone at once because then the inflow of deposits will end and it cost upwards of 5k to create a website and start taking bets. So you play stupid games until the well of incoming funds runs dry.
                                      Comment
                                      • InsiderHer
                                        SBR Sharp
                                        • 12-18-12
                                        • 330

                                        #20
                                        Originally posted by Gaddamnit
                                        good point. But no bookmakers are doing it nowadays. They hate winning players
                                        I don't think they "hate winning players" as much as they need to limit steam and early info players that beat their lines. I'm pretty sure that's basic risk management 101. If the biggest sportsbook in the world limits players (bet365) why on earth would some boutique sportsbook not do the same? I think the answer might be a lack of resources and ignorance and eventually that's not going to end well...
                                        Comment
                                        • Gaddamnit
                                          SBR Rookie
                                          • 12-23-23
                                          • 21

                                          #21
                                          Well. I respect your opinion. But i stand with mine.
                                          most of the bookmakers hates winning players that’s why they usually limit them.
                                          That’s why it’s important to look for a service who don’t limit their customers and process payouts on time.

                                          W
                                          Originally posted by InsiderHer
                                          I don't think they "hate winning players" as much as they need to limit steam and early info players that beat their lines. I'm pretty sure that's basic risk management 101. If the biggest sportsbook in the world limits players (bet365) why on earth would some boutique sportsbook not do the same? I think the answer might be a lack of resources and ignorance and eventually that's not going to end well...
                                          Comment
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