OK, this may be novice like questions but I'm by no means a professional gambler and my dilemma is how to operate in this off shore era.
I do the majority of my wagering locally for multiple reasons, loyalty, reliability, cheaper, that kind of thing. I do realize off shore gives you more options which is sometimes good and other times not so much. Up until last year I did all my business with bovada (I did do a little with 5 dimes) and I always let my account accumulate over the whole season. When it came time to collect all I had to do was request a check and they sent it. There may have been some rule about only one free withdrawal a month but since it doesn't pertain, as I only look to collect at the end of football season, I never paid much attention. The past two years I've continued with bovada and I added Bookmaker. Last year at collection time when I looked into Bookmaker's payout it was kind of complicated so with the triple crown horse racing coming up and a balance of only $430 I just let my account ride. That brings me to this year (2016/2017). Since my winnings are significant at least for me at over $1000 I decided to start the paperwork process before the season ends. I was surprised to find out they offer no method other than Bit Coin for withdrawals that doesn't involve a fee and I believe Bit Coin has it's own fees. I have to ask why are people keeping these places in business? It's no secret that they make the bulk of their profit from gambling losses. Isn't charging fee's rubbing it in our faces? Originally I didn't appreciate the fee charged when making deposits but at least that was what I'd consider reasonable. Fees of $50 or more just to get my money I think are outrageous. I'd like to know why people go along with these fees. I guess I'm partially to blame for not looking into the payout process before giving them my money but in my defense I often saw people saying good things about Bookmaker and I just assumed there would be some way to get paid without also paying fees. I'm sure people know sites where fees can be avoided (actually bovada is one) but that dosen't change the fact that Bookmaker is operating successfully charging these fees and the question is WHY? Needless to say after I get my money Bookmaker won't be seeing me again. I know this won't happen but the fact is if every person stopped dealing with Bookmaker based on fees those fees would go away pretty quickly. Suppose some casinos in Vegas started charging fees to get chips and even higher fees to cash out how long would those places last?
I do have a question concerning Bit Coin. On the surface it appears like a hassle. It appears to be like the market so if I get a Bit Coin payout today tomorrow it may be worth less. In addition since there's a fixed price on one bit coin unless what your looking for is divisible by the price of a coin you can't get all of your money. For example if you were trying to collect $100 and the bit coin price is $116 you can't just get a partial Bit Coin so your locked out. Is that correct? It's bad enough dealing with gambling in regards to making or losing money, do I have to gamble again when trying to collect? I just don't have the time or desire to do a ton of research into this Bit Coin thing and it still appears to have fees.
My final thoughts on this fee in/fee out process: We all know the caveat in gambling is the juice. That's what makes winning difficult so how do people view fees as anything more than additional juice decreasing profit/loss levels? These Off Shore organizations have a good thing going just collecting gambling debts why do we put up with giving them even more in these fees?
I do the majority of my wagering locally for multiple reasons, loyalty, reliability, cheaper, that kind of thing. I do realize off shore gives you more options which is sometimes good and other times not so much. Up until last year I did all my business with bovada (I did do a little with 5 dimes) and I always let my account accumulate over the whole season. When it came time to collect all I had to do was request a check and they sent it. There may have been some rule about only one free withdrawal a month but since it doesn't pertain, as I only look to collect at the end of football season, I never paid much attention. The past two years I've continued with bovada and I added Bookmaker. Last year at collection time when I looked into Bookmaker's payout it was kind of complicated so with the triple crown horse racing coming up and a balance of only $430 I just let my account ride. That brings me to this year (2016/2017). Since my winnings are significant at least for me at over $1000 I decided to start the paperwork process before the season ends. I was surprised to find out they offer no method other than Bit Coin for withdrawals that doesn't involve a fee and I believe Bit Coin has it's own fees. I have to ask why are people keeping these places in business? It's no secret that they make the bulk of their profit from gambling losses. Isn't charging fee's rubbing it in our faces? Originally I didn't appreciate the fee charged when making deposits but at least that was what I'd consider reasonable. Fees of $50 or more just to get my money I think are outrageous. I'd like to know why people go along with these fees. I guess I'm partially to blame for not looking into the payout process before giving them my money but in my defense I often saw people saying good things about Bookmaker and I just assumed there would be some way to get paid without also paying fees. I'm sure people know sites where fees can be avoided (actually bovada is one) but that dosen't change the fact that Bookmaker is operating successfully charging these fees and the question is WHY? Needless to say after I get my money Bookmaker won't be seeing me again. I know this won't happen but the fact is if every person stopped dealing with Bookmaker based on fees those fees would go away pretty quickly. Suppose some casinos in Vegas started charging fees to get chips and even higher fees to cash out how long would those places last?
I do have a question concerning Bit Coin. On the surface it appears like a hassle. It appears to be like the market so if I get a Bit Coin payout today tomorrow it may be worth less. In addition since there's a fixed price on one bit coin unless what your looking for is divisible by the price of a coin you can't get all of your money. For example if you were trying to collect $100 and the bit coin price is $116 you can't just get a partial Bit Coin so your locked out. Is that correct? It's bad enough dealing with gambling in regards to making or losing money, do I have to gamble again when trying to collect? I just don't have the time or desire to do a ton of research into this Bit Coin thing and it still appears to have fees.
My final thoughts on this fee in/fee out process: We all know the caveat in gambling is the juice. That's what makes winning difficult so how do people view fees as anything more than additional juice decreasing profit/loss levels? These Off Shore organizations have a good thing going just collecting gambling debts why do we put up with giving them even more in these fees?
