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Thread: Fuck Bovada!!

  1. #21
    Owner Dan Druff's Avatar
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    Quote Originally Posted by badguy23 View Post
    Quote Originally Posted by Dan Druff View Post
    Here is a preview.

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    Notice a difference between the two figures?

    Notice that they even kept the 32 euro cents constant on each one, and just outright jacked 84 euros from me.

    This was NOT an exchange rate issue or bank fees, but rather the processor just grabbing 84 euros for themselves prior to sending it to me.
    Druff I pretty much think this is the smoking gun. All My shit with them aside. You say you have 10 other players who have been there for 10yrs and this has happened to them also. Why would any book keep using a processor that would do this? Don't be fooled processors are lining up for these pos. I'll promise you this it's been different processors that have done your wires and same shit has happened. No book worth a shit would let this fly unless they were making something off of it. Why would Bovada keep using these processors who are stealing off there customers? They 100% know about it and 100% are making money off off it.
    I don't want to defend Bovada here, but they have a big challenge in finding processors who can handle a high volume, act quickly, and have the willingness to risk major jail time and/or money seizures.

    I mean, look at what Daniel Tzvetkoff did to Pokerstars and Full Tilt. He stole 100 million from them before they caught onto it.

    The problem is that payment processing is the toughest and riskiest part of running an online poker site, and the companies they deal with aren't exactly manned by salt-of-the-earth people.

    So it's not as easy as simply firing a processor who is caught doing shit like this, because then they won't have any processor, and everyone will get pissed that they can't get paid as expected.

    The problem here is that Bovada is not applying pressure to these processors to stop this crap, and the BIGGER problem is that they aren't compensating players when this occurs.

    Bovada can't pass the cost of stealing onto you and me. They can pass the processor fees onto players, and they can cash you out in foreign currency instead of US dollars (thus bringing on bank exchange rate losses and fees), but they can't just expect players to eat the stealing. They have to cover the stealing, and I was amazed how they denied my last request to refund a measly $80 after I got stolen from A SECOND TIME in just 2 1/2 months.

  2. #22
    aka PP23 badguy23's Avatar
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    Quote Originally Posted by Dan Druff View Post
    Quote Originally Posted by badguy23 View Post

    Druff I pretty much think this is the smoking gun. All My shit with them aside. You say you have 10 other players who have been there for 10yrs and this has happened to them also. Why would any book keep using a processor that would do this? Don't be fooled processors are lining up for these pos. I'll promise you this it's been different processors that have done your wires and same shit has happened. No book worth a shit would let this fly unless they were making something off of it. Why would Bovada keep using these processors who are stealing off there customers? They 100% know about it and 100% are making money off off it.
    I don't want to defend Bovada here, but they have a big challenge in finding processors who can handle a high volume, act quickly, and have the willingness to risk major jail time and/or money seizures.

    I mean, look at what Daniel Tzvetkoff did to Pokerstars and Full Tilt. He stole 100 million from them before they caught onto it.

    The problem is that payment processing is the toughest and riskiest part of running an online poker site, and the companies they deal with aren't exactly manned by salt-of-the-earth people.

    So it's not as easy as simply firing a processor who is caught doing shit like this, because then they won't have any processor, and everyone will get pissed that they can't get paid as expected.

    The problem here is that Bovada is not applying pressure to these processors to stop this crap, and the BIGGER problem is that they aren't compensating players when this occurs.

    Bovada can't pass the cost of stealing onto you and me. They can pass the processor fees onto players, and they can cash you out in foreign currency instead of US dollars (thus bringing on bank exchange rate losses and fees), but they can't just expect players to eat the stealing. They have to cover the stealing, and I was amazed how they denied my last request to refund a measly $80 after I got stolen from A SECOND TIME in just 2 1/2 months.
    Druff do you think they only have one processor doing these these wires?

  3. #23
    Owner Dan Druff's Avatar
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    Quote Originally Posted by badguy23 View Post
    Quote Originally Posted by Dan Druff View Post

    I don't want to defend Bovada here, but they have a big challenge in finding processors who can handle a high volume, act quickly, and have the willingness to risk major jail time and/or money seizures.

    I mean, look at what Daniel Tzvetkoff did to Pokerstars and Full Tilt. He stole 100 million from them before they caught onto it.

    The problem is that payment processing is the toughest and riskiest part of running an online poker site, and the companies they deal with aren't exactly manned by salt-of-the-earth people.

    So it's not as easy as simply firing a processor who is caught doing shit like this, because then they won't have any processor, and everyone will get pissed that they can't get paid as expected.

    The problem here is that Bovada is not applying pressure to these processors to stop this crap, and the BIGGER problem is that they aren't compensating players when this occurs.

    Bovada can't pass the cost of stealing onto you and me. They can pass the processor fees onto players, and they can cash you out in foreign currency instead of US dollars (thus bringing on bank exchange rate losses and fees), but they can't just expect players to eat the stealing. They have to cover the stealing, and I was amazed how they denied my last request to refund a measly $80 after I got stolen from A SECOND TIME in just 2 1/2 months.
    Druff do you think they only have one processor doing these these wires?
    No.

    But I think most of the processors are shady, so more than one stealing isn't necessarily indicative of a conspiracy by Bovada to steal.

    However, what IS painfully clear is the fact that Bovada is fine with this occurring, and won't even go as far to refund the people for these thefts when they're caught.

    The fact that they wouldn't give me a fucking $80 refund for the theft that happened in early January, after the many thousands I've paid in rake since September, is infuriating me.

  4. #24
    Owner Dan Druff's Avatar
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    They seem to have dropped the Euro processor (the one skimming in October), and now have a Canadian processor which skims via exchange rate games.

    So like if they process the cashout on January 6, and if the exchange rate ranges between 84.4 and 85.2 cents throughout the day, they will conveniently "process" the payment at the time of the day when it's at the very highest point, and claim you just ran really bad that they chose to process it at the least advantageous time for you.

    In reality, they processed it at a random time, and just selected the highest exchange rate of the day to charge to you.

    That's a lot harder to prove than the direct stealing which occurred in 2013 and 2014.

  5. #25
    aka PP23 badguy23's Avatar
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    Quote Originally Posted by Dan Druff View Post
    Quote Originally Posted by badguy23 View Post

    Druff do you think they only have one processor doing these these wires?
    No.

    But I think most of the processors are shady, so more than one stealing isn't necessarily indicative of a conspiracy by Bovada to steal.

    However, what IS painfully clear is the fact that Bovada is fine with this occurring, and won't even go as far to refund the people for these thefts when they're caught.

    The fact that they wouldn't give me a fucking $80 refund for the theft that happened in early January, after the many thousands I've paid in rake since September, Means they are in on it!
    FYP

  6. #26
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    Thanx everyone for this thread. As a newbie to this forum I was looking into Bovada and will now stay away from them. Too shady if u ask me

  7. #27
    Bronze Serial Fail's Avatar
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    Bovada is easy, easy money. It is the easiest money that I have ever made playing online poker. But I haven't had to deal with their newest cash out options.

    It's still worth it, to me, to play there because the money is too easy to make.

  8. #28
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    Druff ->

    Anybody report this happening with checks? I've been doing the $3K checks monthly with no issues. I don't make enough to need the bank wires. I don't tie my bank account or credit card in. I haven't had a skim issue with the checks forum the North (US dollars no conversion).

    I agree payment processors have everyone by the balls. It sucks.

    Ps. Didn't notice the thread as it's hard to keep up with the flying stupidity. Suggest you cross post a line to the scams forum.
    Last edited by vookenmeister; 01-24-2015 at 10:09 AM.

  9. #29
    Bronze Daniel72's Avatar
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    Damn payment prozessors. But we need them.
    Maybe they say, we have a very risky business, we want to get paid for it.

  10. #30
    aka PP23 badguy23's Avatar
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    Bump because Bodog Becky is a freaky whore!!! Rebecca you did nothing for me after all I did for you in Vegas back in the day. Whores will get there's..Freak

  11. #31
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    badguy is GOD



    /thread

  12. #32
    Owner Dan Druff's Avatar
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    Quote Originally Posted by vookenmeister View Post
    Druff ->

    Anybody report this happening with checks? I've been doing the $3K checks monthly with no issues. I don't make enough to need the bank wires. I don't tie my bank account or credit card in. I haven't had a skim issue with the checks forum the North (US dollars no conversion).

    I agree payment processors have everyone by the balls. It sucks.

    Ps. Didn't notice the thread as it's hard to keep up with the flying stupidity. Suggest you cross post a line to the scams forum.
    No, checks are okay because they come in US currency, so the processor can't play skimming games and blame it on the exchange rate.

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    Quote Originally Posted by abrown83
    I'm going to come across as a bit of a douche but I really know more about this then anyone on this board by miles.

    ...if Trump is nominee he wins Presidency easily. Angry Blue Collar Whites will have record turnout.

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    Quote Originally Posted by Dan Druff View Post
    Quote Originally Posted by vookenmeister View Post
    Druff ->

    Anybody report this happening with checks? I've been doing the $3K checks monthly with no issues. I don't make enough to need the bank wires. I don't tie my bank account or credit card in. I haven't had a skim issue with the checks forum the North (US dollars no conversion).

    I agree payment processors have everyone by the balls. It sucks.

    Ps. Didn't notice the thread as it's hard to keep up with the flying stupidity. Suggest you cross post a line to the scams forum.
    No, checks are okay because they come in US currency, so the processor can't play skimming games and blame it on the exchange rate.

    One of my skype grinder buddies who lives in Canada said his balance fluctuates negatively every time he logs in... "Every day i Log in I have less cash.. Apparently they hold my balance in Canadian dollars and it converts when I log in".

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    Owner Dan Druff's Avatar
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    Quote Originally Posted by vookenmeister View Post
    Quote Originally Posted by Dan Druff View Post

    No, checks are okay because they come in US currency, so the processor can't play skimming games and blame it on the exchange rate.

    One of my skype grinder buddies who lives in Canada said his balance fluctuates negatively every time he logs in... "Every day i Log in I have less cash.. Apparently they hold my balance in Canadian dollars and it converts when I log in".
    That's weird. So his balance is in Canadian, but then it converts to US when he logs in and plays, and then it converts back?

    Did he see it go up when the Canadian dollar was rising?

  16. #36
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    Quote Originally Posted by Dan Druff View Post
    Quote Originally Posted by vookenmeister View Post


    One of my skype grinder buddies who lives in Canada said his balance fluctuates negatively every time he logs in... "Every day i Log in I have less cash.. Apparently they hold my balance in Canadian dollars and it converts when I log in".
    That's weird. So his balance is in Canadian, but then it converts to US when he logs in and plays, and then it converts back?

    Did he see it go up when the Canadian dollar was rising?
    He was talking about me.

    I've only been in Canada for the last year or so, so I haven't been here for a period of time where the CAD was rising. As far as I can tell, they are holding my money in CAD and converting it to USD equivalent when I buy into a game, and then back to CAD when I cash out. I'm keeping an eye on it, and I expect the USD number to rise when the CAD has a positive day. If that doesn't happen then I'll be very concerned. I never really cared before this because the rate was pretty stable and I had a very low balance, but times have changed.

     
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    Quote Originally Posted by emitnulB View Post
    Quote Originally Posted by Dan Druff View Post

    That's weird. So his balance is in Canadian, but then it converts to US when he logs in and plays, and then it converts back?

    Did he see it go up when the Canadian dollar was rising?
    He was talking about me.

    I've only been in Canada for the last year or so, so I haven't been here for a period of time where the CAD was rising. As far as I can tell, they are holding my money in CAD and converting it to USD equivalent when I buy into a game, and then back to CAD when I cash out. I'm keeping an eye on it, and I expect the USD number to rise when the CAD has a positive day. If that doesn't happen then I'll be very concerned. I never really cared before this because the rate was pretty stable and I had a very low balance, but times have changed.
    Pretty outrageous that they do it this way.

    Why not just convert at buyin and cash out?

    So weird.

    Anyway, welcome to PFA.

  18. #38
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    Quote Originally Posted by Dan Druff View Post
    Quote Originally Posted by emitnulB View Post

    He was talking about me.

    I've only been in Canada for the last year or so, so I haven't been here for a period of time where the CAD was rising. As far as I can tell, they are holding my money in CAD and converting it to USD equivalent when I buy into a game, and then back to CAD when I cash out. I'm keeping an eye on it, and I expect the USD number to rise when the CAD has a positive day. If that doesn't happen then I'll be very concerned. I never really cared before this because the rate was pretty stable and I had a very low balance, but times have changed.
    Pretty outrageous that they do it this way.

    Why not just convert at buyin and cash out?

    So weird.

    Anyway, welcome to PFA.
    Well I dug up an old 2p2 post from one of the former bodog reps:

    "Took a few days but I got an explanation on this. So essentially Canadian players are routed to Bodog.ca and US players are routed to Bodog.com. Both of these companies are essentially skins which are both tied to the Bodog branding and are in many ways autonomous in the way they do business aside from the guidelines set by the brand. So Bodog.ca chooses to keep its players accounts in CDN, presumably for sportsbetting and the casino action and converts it for use in the poker room."


    This is before bovada existed, but I'm guessing it's relevant.

    My balance went up by like 4 dollars over night in USD so it looks like they're probably being honest.

     
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