TVG ~ funding/withdrawl?

[Secretriat34]

funded my tvg account on the 29th of April last Saturday.
The funds long since cleared the bank...260 dollars
I bet some derbyD ay, and got 245 back.
I go to withdrawn my Money,
and TVG says they cannot release my funds for 6 days..
not til Monday,
THEY HAVE STOLEN MY MONEY FROM ME AND ABSCONDED WITH IT FOR 10 DAYS and refuse to pay it out until they feel they are ready to.

DO NOT BET WITH TVG EVER...THIEF'S --SCOUNDRELS --SCUMBAGES

IMAGINE STEALING FROM YOUR PATRONS TO PAY YOUR BILLS.

to summarize
deposit made 4-29
DEPOSIT cleared bank 5-1
bet made 5-6
money won 5-6
TVG REFUSES PAYOUT till next week.

DO NOT USE TVG
DO NOT USE TVG
DO NOT USE TVG

THIEFS

[knickslions2]

Read the rules DB. It is clear. Did you bet Thunder Snow to run 10 yards?

[cakes44]

Originally Posted by knickslions2

Did you bet Thunder Snow to run 10 yards?

I must have missed those 10.

[jms62]

Originally Posted by Secretriat34

funded my tvg account on the 29th of April last Saturday.
The funds long since cleared the bank...260 dollars
I bet some derbyD ay, and got 245 back.
I go to withdrawn my Money,
and TVG says they cannot release my funds for 6 days..
not til Monday,
THEY HAVE STOLEN MY MONEY FROM ME AND ABSCONDED WITH IT FOR 10 DAYS and refuse to pay it out until they feel they are ready to.

DO NOT BET WITH TVG EVER...THIEF'S --SCOUNDRELS --SCUMBAGES

IMAGINE STEALING FROM YOUR PATRONS TO PAY YOUR BILLS.

to summarize
deposit made 4-29
DEPOSIT cleared bank 5-1
bet made 5-6
money won 5-6
TVG REFUSES PAYOUT till next week.

DO NOT USE TVG
DO NOT USE TVG
DO NOT USE TVG

THIEFS

Good Grief! as Knicks pointed out read what you signed up for. You will get your money. We have blasted them in the past but give credit were credit is due. Their platform (NJBETS) was flawless this weekend.

[casp0555]

Originally Posted by jms62

Good Grief! as Knicks pointed out read what you signed up for. You will get your money.

could be worse...he could reside in Texas

[Rupert Pupkin]

Originally Posted by Secretriat34

funded my tvg account on the 29th of April last Saturday.
The funds long since cleared the bank...260 dollars
I bet some derbyD ay, and got 245 back.
I go to withdrawn my Money,
and TVG says they cannot release my funds for 6 days..
not til Monday,
THEY HAVE STOLEN MY MONEY FROM ME AND ABSCONDED WITH IT FOR 10 DAYS and refuse to pay it out until they feel they are ready to.

DO NOT BET WITH TVG EVER...THIEF'S --SCOUNDRELS --SCUMBAGES

IMAGINE STEALING FROM YOUR PATRONS TO PAY YOUR BILLS.

to summarize
deposit made 4-29
DEPOSIT cleared bank 5-1
bet made 5-6
money won 5-6
TVG REFUSES PAYOUT till next week.

DO NOT USE TVG
DO NOT USE TVG
DO NOT USE TVG

THIEFS

I have made dozens of withdrawals from TVG. I have never had any problems. If I make a deposit, I know that I cannot withdraw that money for 5-6 business days. After that you can withdraw all you want. You are allowed to withdraw money immediately if there is more in the account than you deposited. For example, if you deposit $500 into your account and you win $300, that would give you a balance of $800. You are allowed to withdraw the $300 immediately. You just can't withdraw the $500 for 5-6 business days.

[bigjag0716]

Scoundrels lol

[jwkniska]

Originally Posted by Rupert Pupkin

For example, if you deposit $500 into your account and you win $300, that would give you a balance of $800. You are allowed to withdraw the $300 immediately. You just can't withdraw the $500 for 5-6 business days.

Twin Spires is the same way. You have to wait to withdraw the amount deposited, but can withdraw anything above that immediately.

[ranger5830]

Originally Posted by jwkniska

Twin Spires is the same way. You have to wait to withdraw the amount deposited, but can withdraw anything above that immediately.

The difference is that twinspires processes cashouts immediately but tvg will have the withdrawal listed as pending for a few days, in case your account becomes empty then you can reverse the withdrawal instead of making a new deposit.

[richard burch]

They have been doing that for a long time on the delayed withdrawals. I'm sure its so they can make some kind of residual profit on the large amount of money in their holding account. I say let them hold it as long as they don't charge per bet likely did before. thats was much worse.

[robfla]

Originally Posted by richard burch

They have been doing that for a long time on the delayed withdrawals. I'm sure its so they can make some kind of residual profit on the large amount of money in their holding account. I say let them hold it as long as they don't charge per bet likely did before. thats was much worse.

I really doubt they hold it for 4-5 business days to make "residual profit". They hold the money to protect themselves from people making deposits with funds they don't have to begin with.

[saratogadew]

Originally Posted by Secretriat34

funded my tvg account on the 29th of April last Saturday.
The funds long since cleared the bank...260 dollars
I bet some derbyD ay, and got 245 back.
I go to withdrawn my Money,
and TVG says they cannot release my funds for 6 days..
not til Monday,
THEY HAVE STOLEN MY MONEY FROM ME AND ABSCONDED WITH IT FOR 10 DAYS and refuse to pay it out until they feel they are ready to.

DO NOT BET WITH TVG EVER...THIEF'S --SCOUNDRELS --SCUMBAGES

IMAGINE STEALING FROM YOUR PATRONS TO PAY YOUR BILLS.

to summarize
deposit made 4-29
DEPOSIT cleared bank 5-1
bet made 5-6
money won 5-6
TVG REFUSES PAYOUT till next week.

DO NOT USE TVG
DO NOT USE TVG
DO NOT USE TVG

THIEFS

Did you curse them out over the phone real good? and then cancel your account? and then call back and apologize because you needed to get down on the #3 in the 5th?

[richard burch]

Did you curse them out over the phone real good? and then cancel your account? and then call back and apologize because you needed to get down on the #3 in the 5th?

[richard burch]

and I wonder....

how much $ does TVG have in its account at the end of an average race day?....or a BIG race day?

[freddymo]

Originally Posted by richard burch

and I wonder....

how much $ does TVG have in its account at the end of an average race day?....or a BIG race day?

It's Betfair one of the larger books worldwide. IMO they could careless about racing long term. IMO the strategy was to be positioned in the US market so that when Sports betting was legalized that had immediate access and entry into a MUCH more substantial market. Not saying they dont or arent looking to earn on Racing but in all candor once sports gambling is legal racing becomes a stepchild.. What do I really know?

[Alabama Stakes]

Originally Posted by richard burch

and I wonder....

how much $ does TVG have in its account at the end of an average race day?....or a BIG race day?

Did you wonder how much they have at the beginning of said days?

[Secretriat34]

there are 2 aspects to this issue.
the first is the banking law, and earning interest income. when i worked at the insurance giant CNA. it was their corporate policy, as it is at most giant companies, to deposit funds from payments that were delivered via the mail immediately. they had bank scanning equipment in the corporate office wired to the bank. When the mail bags full of checks arrived each morning; by 2 PM, they were deposited into the bank. They also paid all there disbursement from a little bank in the middle of nowhere cause it would take a week for the checks to be presented, allowing the bank to collect interest income on their funds while waiting for written checks to be presented. so deposit immediately and delay disbursement. earn interest income on this time differential.
the other leg of this first point on banking law is this simple law =
Midnight the next banking day.
If a check is presented at a bank, they have until midnight the next banking day to decide to return the check. So there is no need to hold my deposit which was made with a paid check for 10 days before i get my funds back. The check legally had cleared after the 2nd day, not the 10th.

But the most important aspect of this bitch is this.
the thrill of winning and having the ability to spend it that day.
at the window in the track, you bet, get your cash back sometimes in less than 5 minutes...CASH BACK..buy a pizza on the way home, order a new shirt on line that day...CELEBRATE YOUR WIN ..that day...NOT 8 DAYS FROM NOW.

AT THE WINDOWS YOU GET YOUR CASH NOW.

TVG is not an acceptable client for CHASE bank, as chase bank doesn't do business with them...why do you think chase does no business with them ?
I can't depsoit with the chase debit card , because chase takes no deposits from TVG.

[jms62]

Originally Posted by Secretriat34

there are 2 aspects to this issue.
the first is the banking law, and earning interest income. when i worked at the insurance giant CNA. it was their corporate policy, as it is at most giant companies, to deposit funds from payments that were delivered via the mail immediately. they had bank scanning equipment in the corporate office wired to the bank. When the mail bags full of checks arrived each morning; by 2 PM, they were deposited into the bank. They also paid all there disbursement from a little bank in the middle of nowhere cause it would take a week for the checks to be presented, allowing the bank to collect interest income on their funds while waiting for written checks to be presented. so deposit immediately and delay disbursement. earn interest income on this time differential.
the other leg of this first point on banking law is this simple law =
Midnight the next banking day.
If a check is presented at a bank, they have until midnight the next banking day to decide to return the check. So there is no need to hold my deposit which was made with a paid check for 10 days before i get my funds back. The check legally had cleared after the 2nd day, not the 10th.

But the most important aspect of this bitch is this.
the thrill of winning and having the ability to spend it that day.
at the window in the track, you bet, get your cash back sometimes in less than 5 minutes...CASH BACK..buy a pizza on the way home, order a new shirt on line that day...CELEBRATE YOUR WIN ..that day...NOT 8 DAYS FROM NOW.

AT THE WINDOWS YOU GET YOUR CASH NOW.

TVG is not an acceptable client for CHASE bank, as chase bank doesn't do business with them...why do you think chase does no business with them ?
I can't depsoit with the chase debit card , because chase takes no deposits from TVG.

Because they are afraid to get Stiffed by Deadbeat Cardholders? I love TVG they just deposited $5 Bucks in my account for no reason whatsoever.

[knickslions2]

This gets more comical as we go on. Tvg is great. I got my $5 bucks too!! Plus tomorrow 2nd and third money back guarentees.

[robfla]

Originally Posted by Secretriat34

why do you think chase does no business with them ?
I can't depsoit with the chase debit card , because chase takes no deposits from TVG.

That's BS. Chase will do business with them! I have Chase and use Chase for TVG, twinspires.com, etc.

NOT the credit / debit card, but their EFT transfers. I deposit and can bet immediately. I can withdraw any winnings over my original deposit and can withdraw my original deposit in 4 business days. What's the big deal!?