<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by bigbet1234:
everyone wanting their money at once via neteller, i'd imagine<HR></BLOCKQUOTE>
Funny how some books like Olympic and Pinnacle never have a problem with having enough money in Neteller. But some of these other books always seem to be out of funds just today and are reloading it right now.
everyone wanting their money at once via neteller, i'd imagine<HR></BLOCKQUOTE>
Funny how some books like Olympic and Pinnacle never have a problem with having enough money in Neteller. But some of these other books always seem to be out of funds just today and are reloading it right now.
Just an opinion but I believe that some books haven't made the adjustments in accounting practises and the ever increasing popularity of Neteler to keep it (Neteller) funded, to expand on what I am trying say I will use the following example.
XYZ Sportsbook (Incoming Deposits for 1 week)
Neteller $40,000
WesternU $10,000
CreditC. $20,000
OtherDep $20,000
Total Deposits $90,000
Now based on conversations with various principals of books, the percentage of withdrawals per week by Neteller are 65-75% of the total. So if a books hold is say 4.5% and you weekly withdrawal are approx. 86,000 then the book is looking at 60,000 worth of NT withdrawal requests which is more than what they took it.
Of course the easy solution is to keep it funded with plenty of money at all times like Pinnacle or Olympic, but alot of books have partners, investors, shareholders etc and my belief is they would rather see the money in their company bank account then in a third party processing co. account.
HTRC
XYZ Sportsbook (Incoming Deposits for 1 week)
Neteller $40,000
WesternU $10,000
CreditC. $20,000
OtherDep $20,000
Total Deposits $90,000
Now based on conversations with various principals of books, the percentage of withdrawals per week by Neteller are 65-75% of the total. So if a books hold is say 4.5% and you weekly withdrawal are approx. 86,000 then the book is looking at 60,000 worth of NT withdrawal requests which is more than what they took it.
Of course the easy solution is to keep it funded with plenty of money at all times like Pinnacle or Olympic, but alot of books have partners, investors, shareholders etc and my belief is they would rather see the money in their company bank account then in a third party processing co. account.
HTRC
All the "lack of cash" responses are the easy answers but not always true. Books are like we are (me at least) to a degree, I don't want to have too little in Neteller to keep from operating but I don't want big amounts over and above what is necessary either. Nothing is secure in this world, even US banks. It's not out of the realm of believability that Neteller could run into problems one day, we saw it in Securebuxx. Anyway my point is the level should be where a book is quite comfortable wit their balance but not wildly above that. I would bet money right now that any book out there could be hit with a run on the bank (Olympic and Pinnacle too) where they would run Neteller dry and have to scramble. Even when the money is there if everyone comes at once for it then it will create problems. I hate the terminology "run on the bank" as it's our money to begin with but the truth is whatever you call it the fact so many want to be paid out at once will create havoc for any book. They just are not used to that level of withdrawals as is caused on a full blown run on the bank nor do you prepare for one 365 days a year. The behind the scenes stuff the big boys go through with $$$$, getting it where it needs to be and when is more than we can imagine.
Anyway what happens in reality is the top books never have problems that create these runs on their bank so their Neteller's are never tested. Though there is a big difference in the top books and the has been books any of them could run into pay-out troubles if everyone asked for their money at once. Just my opinion but unexpected demands can create problems even for the best of businesses.
Anyway what happens in reality is the top books never have problems that create these runs on their bank so their Neteller's are never tested. Though there is a big difference in the top books and the has been books any of them could run into pay-out troubles if everyone asked for their money at once. Just my opinion but unexpected demands can create problems even for the best of businesses.
