SPORTSBOOK REVIEW NEWSWIRES

Shilbet SCAM: Evidence of fraud mounts

6/26/2009 9:38:05 PM


SBR received complaints from 19 players against Shilbet (SBR rating F) complaining of widespread fraud and balance confiscations. The first wave of complaints occurred after the June 10th, 2009 soccer match between Ecuador and Argentina. Shilbet offered odds of 4.0 on Ecuador, and did not lower the odds as the rest betting market moved against them. Multiple players bet on Ecuador at 4.0, and won their wagers. When Ecuador won the match 2-0. Shilbet changed the winning wagers of twelve players to a losing halftime bet on Ecuador (the halftime score was 0-0). Of the eight players that confirmed risk amounts, $10,438 in winnings were stolen.

SBR also received three complaints on the grading of the June 18, 2009 match between England and Spain (under 19). All three players complained that their wagers were changed from full game to first half wagers, resulting in winning wagers becoming losers. Two of the players had $900 in winnings stolen (with the third player’s amount in question).

SBR received several complaints about the grading of tennis matches. Several players bet on the June 24, 2009 tennis match between Schiavone and Larcher de Brito. The player backed Schiavone, but after the match the wager was changed to Larcher (making it a losing wager). The player provided screen shots of the altered wager here. As a result of this switch, the player lost $1,550. Another player complained of his winning wager being changed to a losing one on the June 24, 2009 tennis match between Dushevina and Vesnina (the amount has not been verified). Supporting screen shots were included in the Shilbet discussion thread here .

SBR received seven complaints that Shilbet closed a player’s account for “violating their rules,” and then confiscated the balances. $10,015 was confiscated from five of these players (two have not yet provided the amounts stolen). No further explanation was given to the players, and Shilbet is not responding to player emails. Shilbet initially stated that players were simply making errors and were mistaken on how their software worked. Shilbet stopped responding to SBR after the complaints and evidence against Shilbet accumulated.