WagerWeb correlated parlay confiscation update

12/21/2009 12:42:34 PM


On 12/14, SBR reported on WagerWeb (SBR rating C-) confiscating $9578.60 from a player that had wagered multiple correlated parlays. The player is a long-time bettor with WagerWeb and placed numerous correlated parlays dating from August 29th to October 24th. On October 29th the player inquired about initiating a withdrawal via bank wire. At this point WagerWeb began a five week auditing process which culminated in deducting $9578.60 in winnings citing correlated parlay play.

WagerWeb has a rule which outlaws correlated bets. The rule states WagerWeb does not accept any bet that is considered a correlated multiple, or parlay. WagerWeb uses ASI software, which has the ability to limit the correlation percentage of same-game pointspread to total parlays. WagerWeb chose not to exercise this software function and instead accepted the players parlay wagers.

The player disputes his net amount won by placing these correlated wagers. WagerWeb has not yet justified how it obtained the $9578.60 figure. SBR will update this report as discussion continues. | View initial WagerWeb complaint