Re: Question about withdrawal fees
sportsbook profit margins are lower relative to the amount of money churned through it in the process vs. online poker. card tables are raked up to 5% every 60 seconds on an infinitely expandable number of games. sports events are finite, often illiquid, subject to bookmaker's variance risk, sides/middles, and take several hours to play out (and that doesn't even account early and futures wagering time).
free w/d on online poker sites is a transparent convenience paid for by the avalanche of rake revenue. many sportsbooks do not have so lucky or consistent a stream of money to cover the constant banking activity which occurs after a day's or weekend's worth of games. even by charging, they are still usually taking a small loss on transactions relative to what Neteller actually charges them to both deposit and cash out accounts.
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11-06-2006, 03:34 PM
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