Sportsbook news results for the search term: bet1128
10.11.2010 (02:22 PM CST)
A Bet1128 (SBR rating D+) player has contacted SBR stating that his account has been deleted. On August 4th, the player wrote to SBR indicating that the €300 balance he maintained with Bet1128 in 2009 was erased from the website. Bet1128 does not dispute the player's claims. Bet1128 states that Centurion Ltd. acquired the domain, but not any liabilities from Paradise Bet Ltd. who used to operate the sportsbook. Shortly thereafter, Paradise Bet Ltd. made the news for allegedly being a front for organized crime. | Full Bet1128 Sportsbook report
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02.22.2010 (09:17 AM CST)
A player has claimed that Bet1128 (SBR rating D+) has suspended his account due to his Moneybookers email address allegedly not matching his sportsbook registered address. The player states the emails are the same or the system would not process the withdrawal request. After disabling the Moneybookers option for his account, Bet1128 proceeded to suspend the bettors account. SBR will inquire on the status of the players account and his funds.
05.26.2009 (04:55 PM CST) Bet1128 (SBR rating D+)
has credited over $150,000 to five players whose boxing parlay winnings where initially confiscated. The dispute was first report October 28, 2008
05.20.2009 (09:29 PM CST)
Bet1128 (SBR rating D+) Confiscation update: On October 28, 2008 SBR reported that a group of Bet1128 players had their winnings confiscated. SBR reviewed the dispute and stated that Bet1128 should pay the five complaining players their full winnings and confiscated deposits, totaling over $100,000. Bet1128 refused. The players brought their complaints to IBAS, an arbitration service advertised on Bet1128's homepage. IBAS ruled in favor of the players, stating that Bet1128 should pay full the balances on each account. One player has subsequently asked for his $34,000 balance. Bet1128 has thus far offered to pay him in installments of only $5,000 per week.
10.28.2008 (07:48 PM CST)
Bet1128 downgraded from C- to D+
10.28.2008 (07:42 PM CST)
Bet1128 (SBR rating D+) player complains the sportsbook confiscated his balance of over $37,000 Euros the week of August 24, 2008. He was one of five complaining players that won over $100,000 Euros combined betting on Olympic boxing round-robin parlays. Bet1128 closed all the player accounts and seized all balances including deposits, claiming they were a betting syndicate. Bet1128 does not claim the players exceeded the maximum stake per bet with multiple accounts, bet from the same location or at the same time, or exceeded the one-day maximum win amount of $150,000 Euros. Their sole explanation was:
"Our customer XXXXX YYYYY has been linked to a group of punter. It’s our right to protect ourselves against this kind of strategy, which is unfair and deemed as cheating by our terms and conditions. We are able to prove the link of these players and ready to show to the relevant body. We are looking forward to receive official request from all the person involved in the affair, in order to clarify our position as soon as possible."
Bet1128 failed to provide valid reasons for their actions. The sportsbook states that an IBAS investigation is pending. Bet1128's rules do not prohibit players from sharing wagering information. The player admits to knowing the other sports bettors and states he did not initiate or take part in an investigation with third party, IBAS.
04.10.2008 (06:00 PM CST)
Bet1128 (SBR rating C-) Chilean League wager dispute update: Bet1128 credited players for winning wagers that were initially canceled. SBR has asked Bet1128 to review previous complaints of unjustly canceled wagers.
04.08.2008 (11:20 PM CST) Bet1128 (SBR rating C-) voids wagers after lines change in players' favor
SBR received five complaints from Bet1128 players who had valid bets canceled in 2007. Bet1128 has claimed that linesmakers made "an obvious error" when they fail to move the line with the betting market.Player on 3/13/08:
Yesterday I was treated unfairly by bet1128
(bet1128.com - former Paradisebet). They voided my bets on Chilean League match Palestino vs Huachipato claiming there was a mistake in the odds. This however clearly was not the case. True that at the time I placed these bets their odd for away team was above market average. Their were among the last to keep it that high. But this was caused by general line movement on this game yesterday morning and surely not by oddsmaker's mistake. I placed two bets around 06:30 GMT and they voided them almost three hours later when these bets were indeed in quite a contrast with market average odd. I intervened by sending an e-mail and on live chat service but to no avail. I am not expecting you to waste your time to take up this case with them as I am fully aware they have a history of such practices and the chance to reverse the decision (one bet would be won) is minimal. My main point is that a wider public read this and know what they can expect from this sportsbook. Player 2:
The draw was available at 3.6-3.8 in a few places and Huachipato at 5.5-5.80 in a few places as well. What it happened is that there was a very big move on the odds in that match and they got caught as many other bookmakers.But instead of honour their odds as everyone does they just claim that their odds were wrong and they void all bets. I think this is totally unacceptable and I would like you to make public their decision in your website and review their rating accordingly.
11.19.2007 (07:25 PM CST)
Sports-Gambling (SBR rating D-): adds rule #7 stating that "syndicate play" is prohibited. The generic rule was added to support recent theft of player funds at sister sportsbook SBG Global (SBR rating D-). SBG stole winnings from players who purchased picks from the same commercial sports handicapper.
Bet1128 (SBR rating C-) changes max payout: "The maximum amount paid out by the company for any one bet will be £97,500. €500,000.00."
Canbet (SBR rating A-) increases max payout: The maximum payout on any individual, multiple or combination bet, or, to any individual on any one day, is limited to US$200,000 US$400,000.
Legendz (SBR rating A+) adds rule #19 stating that free contest winnings are capped
07.23.2007 (06:56 PM CST)
Bet1128 (SBR rating C-) once again stands by decision to void winning wager due to "an obvious line error." For the second time in two months the sportsbook ignored the players' argument that the bet should stand. Bet1128's betting rules state that their policy is to adjust the payout of bad lines to reflect the correct odds.
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07.13.2007 (09:17 AM CST)
Bet1128 - SBR initiates rating coverage at C-
07.12.2007 (10:05 PM CST)
SBR receives 2nd complaint in a month from a Bet1128 (not rated)
user of voided winning wager after the event was finished.Player
: They cancelled match ONE DAY AFTER without any explanation. Ok - if the match odd on Monfils was too high - they had time 12 hours to correct the thing (i placed a bet 12 hours before match start), they could cancell the match, let all users got message and offer lower odd of 2.8 for example. They play dirty - let their customers live in fake that their bet is valid, they wait match to finish if Davydenko win, everything is good - they take money to their customer. If Monfils win - instead paying people at odd of 3.35 they CANCEL THE MATCH?!
The player quotes Betfair (SBR raing A+)
offering betting odds on Tennis player Monfils at +215 and +184 at Bet24 (not rated)
. The player wagered on Monfils at +235. Player also points out that the book's advertised policy is to regrade the wager at the correct market price.
Bet1128 rules: If during transcription, typing or printing a quoted odds is visibly incorrect (e.g. 1.50/2.50) the company reserves the right to reinstate the original odds even after the result is known. In such cases comparison with other bookmakers currently on the market will, in good faith, give evidence of the error.
06.28.2007 (09:06 PM CST)
Bet1128 (not rated) refuses to honor winning soccer wagers; claims
"The odds were wrong because of a problem with our program."
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The sportsbook does not claim the line was an obvious error and says they "have the right to void or cancel any bets at any time if we find it suitable before the game has kicked off.
" The player is rightfully upset that his sportsbook took a valid wager, was able to watch the market, and cancel the bet after deciding it had an unfavorable position. The player was not contacted via email. The bets were canceled prior to the start of the game. | Original complaint 6.18.2007
06.18.2007 (06:58 PM CST) Bet1128 (not rated) cancels winning bet; does not respond to player email or follow policy.
The 1128.com player wagered on a soccer total that he claims was in line with the market price. After the event had concluded and the wager had won Bet1128 canceled the bet, failing to adhere to its listed rule regarding faulty betting lines. SBR will contact 1128 on player's behalfBet1128 Rule 17: If during transcription, typing or printing a quoted odds is visibly incorrect (e.g. 1.50/2.50) the company reserves the right to reinstate the original odds even after the result is known. In such cases comparison with other bookmakers currently on the market will, in good faith, give evidence of the error.
Player: The line was balanced, the odds were normal for the moment, although there was a steam process, reflected in Pinnacle's odds of 2.11 for under 2.75 [goals]. Pinnacle's odds continued drifting after I placed my bets; they reached 2.26, and later the line was moved to 3 goals. Bet1128 removed the game, then posted it again 1/2 hour later, this time with a 3 goal total. My pick should have been a winner, as the game ended 0-4. I should have won $838.73