BetBurger | Live and Pre-game surebets
RebelBetting - Turn betting into investing

How to 'lose' money - help needed

Share ideas and experience on bookmakers. Search before starting any account
SWest73
Gaining experience
Gaining experience
Karma: 0
Posts: 2
Joined: Wed Oct 05, 2016 8:51 pm

How to 'lose' money - help needed

Thu Jan 04, 2024 2:11 pm

I know this is pretty much impossible to proceed but I have at the moment over 6k balance on a curacao based site known for making withdrawals almost impossible. Does anyone have an idea how to 'transfer' the money even with like 25% cost to some other site?

Poker is not available there which would be the easiest way. I have also tried live casino but rather end up winning more there than on the other accounts I've been sitting in the same table in roulette and baccarat.

Please help!
User avatar
CharlieSheen99
Pro
ProProProPro
Karma: 27
Posts: 495
Joined: Tue Jan 06, 2015 3:56 pm

Re: How to 'lose' money - help needed

Thu Jan 04, 2024 2:33 pm

SWest73 wrote:
Thu Jan 04, 2024 2:11 pm
I know this is pretty much impossible to proceed but I have at the moment over 6k balance on a curacao based site known for making withdrawals almost impossible. Does anyone have an idea how to 'transfer' the money even with like 25% cost to some other site?

Poker is not available there which would be the easiest way. I have also tried live casino but rather end up winning more there than on the other accounts I've been sitting in the same table in roulette and baccarat.

Please help!
Do surebets with a negative value on that concrete bookmaker, and you will lose the 6k.
SWest73
Gaining experience
Gaining experience
Karma: 0
Posts: 2
Joined: Wed Oct 05, 2016 8:51 pm

Re: How to 'lose' money - help needed

Thu Jan 04, 2024 3:39 pm

I'd be willing to 'pay' 2k of the balance if someone could help me with surebetting or whatever the best option, maybe live casino?
tomipraikkonen
Gaining experience
Gaining experience
Karma: 0
Posts: 3
Joined: Mon Apr 08, 2019 11:55 am

Re: How to 'lose' money - help needed

Thu Jan 04, 2024 4:19 pm

Maybe you can try Betfair and your Bookie. For example place back the draw in your bookie and lay the draw on betfair, or you can back and lay horses.
risilloch
Has experience
Has experienceHas experience
Karma: 25
Posts: 129
Joined: Sun Sep 18, 2011 8:54 pm

Re: How to 'lose' money - help needed

Fri Jan 05, 2024 9:17 am

Guys, its a fallacy that you can 'arb' money out of a deposit only bookie.

You are actually just gambling at the opposing bookie.

Eg
Bookie 1 : this is the bookmaker that won't pay out
Bookie 2 : this is the bookmaker that you where you match a market

Bet 5k at Bookie 1 at odds of 2.0
Bet 5k at Bookie 2 at odds of 2.0

If you win at Bookie 1 then you have actually just lost 5k at Bookie 2 (as Bookie 1 will not payout)
If you win at Bookie 2, you simply gambled 5k and won
Grant
Gaining experience
Gaining experience
Karma: 9
Posts: 81
Joined: Sat May 21, 2022 5:54 am

Re: How to 'lose' money - help needed

Fri Jan 05, 2024 9:25 am

If he is betting -EV at bookie he wants to transfer from AND same time +EV at bookie he wants to receive to he's gonna move money. BUT must be extreme dumb doing that as one decent bad run and hes gonna end up with huge amount at bookie 1. Good luck with such "wise" advices.

Man just give up and move on. There isnt a way to do that via betting (not talking about casino etc stuff). Was discussed here multiple times with same points.
GNMbg
Has experience
Has experienceHas experience
Karma: 4
Posts: 109
Joined: Sun Aug 06, 2023 1:01 am

Re: How to 'lose' money - help needed

Fri Jan 05, 2024 10:45 am

How are they making withdrawals impossible? You need to share more information. What do they want from you? Did they refuse your request for withdrawal already? If you know you have done nothing wrong and illegal, you can take legal action. We are talking about 6k, that is a very serious amount.
O0
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 626
Posts: 6275
Joined: Thu Dec 30, 2010 4:34 pm

Re: How to 'lose' money - help needed

Fri Jan 05, 2024 2:33 pm

Over the years, this question have been asked in the forum dozens of time.
I will have to disappoint the OP, my answer is there is no safe way to move funds from an unreliable bookmaker to a reliable one. The best advise I can give you, is be careful in the first place when you deposit money.
Of course, you could try all possible acrobatics but you will always be under the danger to end up with even more money in the wrong side of the equation.
Francisco
Gaining experience
Gaining experience
Karma: 4
Posts: 16
Joined: Sat Apr 23, 2022 10:03 pm

Re: How to 'lose' money - help needed

Fri Jan 05, 2024 8:41 pm

It's often worth trying to embarrass them on some kind of mediation platform when this happens. I'm not sure if I'm allowed to post website names or I would. But there's a handful of pretty big gambling related websites that offer mediation services where you can publish a complaint about your experience. Often, the operator will have a rep on the web site that replies. A significant minority of the time this actually works and gets you paid. Especially if three criteria are met:

1. They have no evidence that you've breached any of their TCs.
2. They have not yet explicitly told you that they've decided to void your winnings.
3. They have an active rep on that website that responds to complaints.

Even if you don't meet all these criteria, it's worth a try because it shouldn't be too time consuming to get a complaint up and follow it. So for 6k it's probably pretty decent EV per hour pursuing this since it takes probably 15-30 mins to write up the complaint and a few mins every couple of days to follow it up until it concludes.

Even some Curacao places with bad reputations will pay when pushed this way. Of course many will just ignore you. And sometimes, the mediation website will side with the bookie even if their actions were illegitimate (likely if the operator and website have aligned interests).

It's usually worth a try for amounts like this.
GNMbg
Has experience
Has experienceHas experience
Karma: 4
Posts: 109
Joined: Sun Aug 06, 2023 1:01 am

Re: How to 'lose' money - help needed

Fri Jan 05, 2024 10:15 pm

Francisco wrote:
Fri Jan 05, 2024 8:41 pm
It's often worth trying to embarrass them on some kind of mediation platform when this happens. I'm not sure if I'm allowed to post website names or I would. But there's a handful of pretty big gambling related websites that offer mediation services where you can publish a complaint about your experience. Often, the operator will have a rep on the web site that replies. A significant minority of the time this actually works and gets you paid. Especially if three criteria are met:

1. They have no evidence that you've breached any of their TCs.
2. They have not yet explicitly told you that they've decided to void your winnings.
3. They have an active rep on that website that responds to complaints.

Even if you don't meet all these criteria, it's worth a try because it shouldn't be too time consuming to get a complaint up and follow it. So for 6k it's probably pretty decent EV per hour pursuing this since it takes probably 15-30 mins to write up the complaint and a few mins every couple of days to follow it up until it concludes.

Even some Curacao places with bad reputations will pay when pushed this way. Of course many will just ignore you. And sometimes, the mediation website will side with the bookie even if their actions were illegitimate (likely if the operator and website have aligned interests).

It's usually worth a try for amounts like this.
or just pursue legal action and see how fast they pay your money
O0
Francisco
Gaining experience
Gaining experience
Karma: 4
Posts: 16
Joined: Sat Apr 23, 2022 10:03 pm

Re: How to 'lose' money - help needed

Fri Jan 05, 2024 10:36 pm

Legal action (you wouldn't for 6k anyway) can take years and will cost a fortune for a Curacao casino. If it's a .io domain your lawyer might not even know who to sue. I've made many complaints on mediation sites over the years and quite a few have worked. When it gas worked, it's usually been resolved in a few days. So there's no comparison because one is expensive and time consuming and the other is free and takes very little time.

The poster never said that the bookie had refused payment, just that they delay forever to pay. Because of that, a complaint might push the bookie just go ahead and expedite that payment if the account is verified and in order. There is absolutely no doubt that mediation works. You just have to approach it with the mindset that you don't want to spend too much time on it and that it will fail more often than it works. So there's many reasons not to bother suing but no reason not to try mediation. If it fails, who cares, move on to the next one.
Mete
Gaining experience
Gaining experience
Karma: 1
Posts: 8
Joined: Mon Aug 21, 2023 11:04 am

Re: How to 'lose' money - help needed

Fri Jan 05, 2024 11:32 pm

Brother, I have been in the same situation where a bookmaker has limited me, not allowing me to play singular bets. They were forcing me to do combos of at least 2. Plus making the withdrawal almost impossible as they increased the minimum withdrawal to twice my balance. It was a hard process but I managed to gradually transfer my money into another bookmaker. Of course, my balance was a lot lower than that but yours is still doable. Hit me back on pm.
Bastard
Has experience
Has experienceHas experience
Karma: 12
Posts: 147
Joined: Sun May 15, 2011 9:28 pm

Re: How to 'lose' money - help needed

Sat Jan 06, 2024 1:03 pm

Maybe you could mention bookie name to get some better advice or suggestions what to do?

Return to “Bookies discussion”