WagerWeb (SBR rating C-) confiscation of $9578.60 determined to be theft.

1/6/2010 7:47:09 AM


On December 21, 2009, SBR provided an update on this dispute. WagerWeb claimed that the player won a net of $9578.60 on correlated parlays, and that it had warned the player not to make this type of wager in the past. WagerWeb seized this money from the player's balance. SBR asked the sportsbook to, at minimum, provide proof that the player was warned, but was unable to.

The player provided a wager log that shows he started betting on August 23rd, 2009. From August 23 to October 24th, 2009, the player put in numerous bets consisting of mostly correlated parlays. The player lost and made redeposits on September 26th, October 4th and October 17th, 2009. With each redeposit, WagerWeb reviewed his play and gave him deposit bonuses. At one point, the player was down $11,000 betting correlated parlays (which WagerWeb was allowing during the losing streak). The player did not move past even until October 24th, at which point he was showing a net win of $3752. Correlated parlays accounted for a net win of $4302.

If WagerWeb had only confiscated $4302 (the player's net win from correlated parlays), it still would have been an unjust confiscation. Although WagerWeb's rule states that it does not accept correlated parlays, it had no problem honoring them when this player (and other players) were losing for months. WagerWeb's software permits line managers to designate what games are eligible for same-game parlays - if WagerWeb did not want to accept correlated parlays, it could have set its software to disallow any bet type it did not want. WagerWeb's selective enforcement of this rule allows it to free-roll players as evident by at one-time beating this player out of $11,000. Any practice that allows a book to accept wagers the Sportsbook can win, but the player cannot is unfair and unethical.

In addition to confiscating $4302 from the player's net win in correlated parlays, it stole another $5276.60. When it was pointed out to WagerWeb that the player won only $4302 from correlated parlays, it made no attempt to justify the additional theft.