Betbanks.com (SBR rating D)
is making its rounds across messageboards and Twitter, advertising 25% signup bonuses with no rollovers. SBR urges players to be extremely cautious when depositing for bonuses that sound too good to be true. White label turnkeys have a high failure rate with historically little investment.
The Costa-Rica based sportsbook claims to be primarily a credit outfit
with 10% of their business driven by post-up clients. SBR interviewed
management and requested permission to visit the Betbanks office to
conduct a sportsbook photo tour
. Betbanks stated that it would need to consult its senior associate prior to allowing SBR into their facility.
Based on available information, SBR has determined that the business model of Betbanks.com is not sustainable long-term, and is potentially a fly-by night attempt at soliciting player deposits. Betbanks can only process Western Union and Moneygram transactions, which is consistent with previous scam sportsbooks
such as Houstonbet (SBR rating F)
. Like Houstonbet, Betbanks states that it is interested in marketing toward the Asian market.
Betbanks players with feedback are asked to write to email@example.com.