SPORTSBOOK REVIEW NEWSWIRES
Bestake fraud update
6/21/2010 1:02:26 PM
Update to 6/20
Bestake fraud report - SBR has received 30 complaints from Bestake players on the sportsbook's new "Show me the money" feature. Bestake placed a link for the promotion next to an inaccurate description: "New Feature: Express 4 hours withdraw. Start now.".
Players clicked on the link believing they were withdrawing money, and saw their entire account balance disappear. Players balances were divided up into 6 ''matched'' bets in equal; amounts on the following games:
Slovenia/England Draw at 4.50
Ghana (vs Germany) at 5.4
USA/Algeria Draw at 3.8
Japan (vs Denmark) at 3.55
Italy (vs Slovakia) at 1.7
Korea/Ivory Coast Draw at 5.4
SBR contacted Tom Walsh of Bestake, who stated the following:
Bestake management: I
saw the claims at SBR, the rules was very clear and apparently the users
that
made those claims did not read our rules about that feature (New Feature - Show Me The Money).
When you are choosing this option the system will automatically choose 6 events
to win, all your found in the account will be split between those events. you
must win all the games ( all the games are considered as one event), if you
lose one game your will lose the whole event. The winner will get a withdraw
after 4 hours guaranteed of the last event + 15% bonus of the winning
amount.
Bestakes
promotion violates contract law and common sense. Players attempting to withdraw instead were given six World Cup bets
they did not want. Additionally, the prices given on the matches were
unreasonably low. For example, Slovenia was matched at a price of 4.5 (+350),
while Pinnacle was offering Slovenia at 7.99 (+699). Finally, the rules for the
promotion are unclear at best, and unconscionable at worst. One reading of the
rules could treat the 6 wagers as a parlay paying very poor odds. Bestake was
asked about this, but offered no clarification.
SBR has
recommended that Bestake void all the wagers created from the misleading link,
and pay the players their balances. | Bestake fraud forum discussion