Reno Marty Posted March 23, 2017 Report Share Posted March 23, 2017 I've taken two withdrawals from Betonline in the last month or so, both times I received 0.5-1.5% less than requested. Pretty weird when they were recently lauded for eliminating their 2% fee. How do you know if it is BOL skimming or either my or BOL's BTC wallet using an exchange rate that either overvalues or undervalues bitcoin? The BTC wallet claims to have taken a transaction fee both times of a bitcoin amount that is not even a dollar so it is either Betonline not sending me enough or a wallet using a bad rate. It shouldn't be due to variation in the value of BTC unless they lock in the price when the withdrawal is requested but process it at a later time. What are others experiencing on this front? Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted March 23, 2017 Report Share Posted March 23, 2017 I was shocked to get a better price on deposit so maybe BOL might be using a higher value which will hurt you on withdrawal but help you on deposit. Quote Link to comment Share on other sites More sharing options...
Reno Marty Posted March 23, 2017 Author Report Share Posted March 23, 2017 Good to know ACH, thanks. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted March 23, 2017 Report Share Posted March 23, 2017 BTW, really do not like the new avatar. I much preferred the other one in which it appeared you were ready to break out to the dance floor when the Bee Gees began playing Saturday Night Fever. It gave us all an aspiration for what a gambler's life can truly be as do these BOL withdrawals. Quote Link to comment Share on other sites More sharing options...
plommer Posted March 23, 2017 Report Share Posted March 23, 2017 How do you know if it is BOL skimming or either my or BOL's BTC wallet using an exchange rate that either overvalues or undervalues bitcoin? What are others experiencing on this front? Its completely usual for different prices of bitcoin to be quoted from different providers/exchanges. For example, 5Dimes may use Bitstamp to determine the price of bitcoin at the time they process withdrawals and BetOnline may use Kraken. The prices are almost always off, like waay off, ie Bitstamp lists their sell price (or last sell price) at $1088 and Kraken shows $1065 at the exact same time. I wouldn't put it past BOL or any other book to shop around and quote the price from an exchange that favours them the most and use that price when processing your payout. HTH Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted March 23, 2017 Report Share Posted March 23, 2017 Its completely usual for different prices of bitcoin to be quoted from different providers/exchanges. For example, 5Dimes may use Bitstamp to determine the price of bitcoin at the time they process withdrawals and BetOnline may use Kraken. The prices are almost always off, like waay off, ie Bitstamp lists their sell price (or last sell price) at $1088 and Kraken shows $1065 at the exact same time. I wouldn't put it past BOL or any other book to shop around and quote the price from an exchange that favours them the most and use that price when processing your payout. HTHI wouldn't either. But with the two deposits I made, they gave me better both times and it was by close to 1%. So that is basically what happened with RM. I have to give them the benefit of the doubt based on my experience. With BOL, anything is possible. They like to lie in the weeds. Quote Link to comment Share on other sites More sharing options...
sleepy Posted March 23, 2017 Report Share Posted March 23, 2017 I wouldn't either. But with the two deposits I made, they gave me better both times and it was by close to 1%. So that is basically what happened with RM. I have to give them the benefit of the doubt based on my experience. With BOL, anything is possible. They like to lie in the weeds.The fukkers stole $50 from me Took 9k out and left 1k I know it probably won't hurt them. But fuk these guys they are thieves Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted March 23, 2017 Report Share Posted March 23, 2017 The fukkers stole $50 from me Took 9k out and left 1k I know it probably won't hurt them. But fuk these guys they are thievesThey are borderline scammers for sure. It's the openers Sleepy. You gotta have em. Wasn't that the 2% fee just before they dropped it? They got you on that one just like the got me on the 6.5% the first time I deposited there. Quote Link to comment Share on other sites More sharing options...
Reno Marty Posted March 24, 2017 Author Report Share Posted March 24, 2017 Sometimes they're scammers, sometimes they're just incompetent. I've had similar situations with CRIS where the issue was surely incompetent staff and not an attempt to scam. Quote Link to comment Share on other sites More sharing options...
easy does it Posted March 24, 2017 Report Share Posted March 24, 2017 Garbage book that no one should play with. They used to charge 6% on cc deposits as well back in the day when I used to play there. No reasonable explanation for charging a fee for charging fees on bitcoin. They will also make you jump though hoops when requesting payouts. Stay away Quote Link to comment Share on other sites More sharing options...
Reno Marty Posted April 11, 2017 Author Report Share Posted April 11, 2017 They are definitely skimming on bitcoin transactions through an unfavorable exchange rate. I made a deposit and a withdrawal at basically the same time. I got a worse price both sending and receiving. If they just used a different price then it should've worked in my favor one way but not the other. Quote Link to comment Share on other sites More sharing options...
Cdmx Posted April 11, 2017 Report Share Posted April 11, 2017 Garbage book that no one should play with. They used to charge 6% on cc deposits as well back in the day when I used to play there. No reasonable explanation for charging a fee for charging fees on bitcoin. They will also make you jump though hoops when requesting payouts. Stay away well into 6 figures of payouts all in < 24 hours in last 6 weeks from this group Quote Link to comment Share on other sites More sharing options...
Guest pocketrockets Posted April 11, 2017 Report Share Posted April 11, 2017 well into 6 figures of payouts all in < 24 hours in last 6 weeks from this group do you have any friends there??? why no limiting? why extra fast payouts? Quote Link to comment Share on other sites More sharing options...
Cdmx Posted April 11, 2017 Report Share Posted April 11, 2017 do you have any friends there??? why no limiting? why extra fast payouts? No. My accounts have some lowered limits, they are generally not too aggressive with this though. Been standard speed for me there on e-wallets for years. Bitcoin been coming fast too. Just put in for one, will see if they rape me on the exchange, Quote Link to comment Share on other sites More sharing options...
Reno Marty Posted April 11, 2017 Author Report Share Posted April 11, 2017 Despite this, BOL family extremely extremely underrated. Don't understand people's issues with them. After Bookmaker, who has a better reputation? And BOL's bonuses easily put it over Bookmaker in my view. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted April 11, 2017 Report Share Posted April 11, 2017 They are definitely skimming on bitcoin transactions through an unfavorable exchange rate. I made a deposit and a withdrawal at basically the same time. I got a worse price both sending and receiving. If they just used a different price then it should've worked in my favor one way but not the other. I got better twice for sure. I've done a couple more and done worse but did not send the right amount of bitcoin and was using Gemini not very successfully so not sure it was the right price or not and was not interested enough to find out. It was close enough. They give you credit pretty much right away which is way better than anywhere but maybe a bitcoin book. Quote Link to comment Share on other sites More sharing options...
sleepy Posted April 11, 2017 Report Share Posted April 11, 2017 these fuks stole $50 from me Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted April 11, 2017 Report Share Posted April 11, 2017 these fuks stole $50 from meJust bet add $50 to one of your totals bets. Quote Link to comment Share on other sites More sharing options...
sleepy Posted April 11, 2017 Report Share Posted April 11, 2017 Just bet add $50 to one of your totals bets. fuk them took 9k out and only bet a few openers now went from giving them 5k of action a week to basically nothing all because they stole $50 me a 5yr old could make a better business model Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted April 11, 2017 Report Share Posted April 11, 2017 fuk them took 9k out and only bet a few openers now went from giving them 5k of action a week to basically nothing all because they stole $50 me a 5yr old could make a better business modelIt was your own fault though. Sometimes you have to give them credit. But if what they offer is not worth, you should definitely bet elsewhere. I bet openers there strictly myself. Quote Link to comment Share on other sites More sharing options...
plommer Posted April 11, 2017 Report Share Posted April 11, 2017 Pretty sure they have the best horse racing rebate in the game right now. For horseplayers BOL is a must have out. Quote Link to comment Share on other sites More sharing options...
Cdmx Posted April 11, 2017 Report Share Posted April 11, 2017 They offer litecoin payouts now too. Quote Link to comment Share on other sites More sharing options...
Reno Marty Posted April 11, 2017 Author Report Share Posted April 11, 2017 Cdmx, how was the rate you got on your latest BOL transaction? Quote Link to comment Share on other sites More sharing options...
Cdmx Posted April 11, 2017 Report Share Posted April 11, 2017 I got 8.06772109 about 5 minutes ago as 10k usd looks like thats a bit short but not horrible Quote Link to comment Share on other sites More sharing options...
Reno Marty Posted April 11, 2017 Author Report Share Posted April 11, 2017 Thank you Cdmx Quote Link to comment Share on other sites More sharing options...
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