PaddyPower & Betfair Merger is Official02.05.2016The champagne has finally been cracked open by shareholders of PaddyPower and Betfair. After meeting all outlined terms announced last summer, and gaining the blessing of the Irish Commission of Competition & Consumer Protection, Paddy Power PLC is now trading at both the London and Irish Stock Exchange. Tennis Match-fixing: A slippery slope for Online Sportsbooks01.18.2016The first tennis Grand Slam of the year is underway in Australia. Unfortunately for the ATP, so is very serious discussion suggesting that as many as 16 former top 50 players, as well as one current top 50 have participated in fixing matches. An eye-opening report was first published at BuzzFeed in collaboration with the BBC analyzing a trove of evidence. Betfair to exit Canadian market12.23.2015Online betting exchange Betfair (SBR rating A-) has announced that it will fully exit the Canadian market as of 14 January 2016. On this date, residents of Canada will no longer be permitted to place a wager or register with the betting exchange. Additionally, pending wagers will be voided as of this date and the funds returned. PaddyPower inches closer to $7.5 billion deal12.23.2015Paddy Power (SBR rating B+) and betting exchange Betfair (SBR rating A-) have taken a big step towards a £5 billion ($7.5 billion) merger after both sets of shareholders voted in favour of the deal. The two firms held simultaneous extraordinary meetings to allow shareholders to vote, and an overwhelming 99.9% were in favour of the merger. BetStars Sportsbook soft launches in select Euro markets12.18.2015PokerStars owner Amaya has launched a new online sportsbook called BetStars. It has gone live today in select countries on domains betstars.uk, betstas.eu and betstars.com and will be rolled out throughout 2016. BetStars is accepting wagers on 25 sports including baseball, basketball, soccer, UFC and the NFL, along with an eSports. Sun Bets will rise in 2016: UK Online Sportsbook news12.10.2015Media magnate Rupert Murdoch is muscling into the UK’s lucrative £3.5 billion ($5.1 billion) online gambling market with the launch of an online sportsbook called Sun Bets. Australian billionaire Murdoch, whose The Sun is the UK’s bestselling newspaper, is teaming up with leading Australian sportsbook Tabcorp to launch Sun Bets. Ladbrokes and Coral close to cracking open the champagne11.30.2015Bookmaker Coral (SBR rating B+) has announced that revenue rose 6% to £1 billion in the past year ahead of its proposed merger with Ladbrokes (SBR rating A). The company’s full-year results to September 26 show that its online arm drove all the growth, with revenues up £65.2 million to £247.8 million. Betfair & PaddyPower merger set for early 201611.25.2015Betting exchange Betfair (SBR rating A-) has increased the size of its online sportsbook two-fold in the past six months as it prepares for a merger with Irish bookmaker PaddyPower (SBR rating B+). Betfair reported a 93% rise in sportsbook volumes to £800 million ($1.2 billion) in the six months to October 31, 2015, driving 15% revenue growth for the firm. Australian Wagering Council pushes for legal in-play online betting11.18.2015The Australian Wagering Council is pushing for regulatory reform to ensure the country does not lose out to international sportsbooks. The AWC would also like to see the ban on in-play online betting overturned so that Australia can remain competitive with other bookmakers. Australian Wagering Council pushes for legal in-play online betting11.18.2015The Australian Wagering Council is pushing for regulatory reform to ensure the country does not lose out to international sportsbooks. The AWC would also like to see the ban on in-play online betting overturned so that Australia can remain competitive with other bookmakers. PaddyPower & Betfair Merger Looms and a Changing UK Industry10.26.2015A combination of high overheads and tighter industry regulation has led to a series of high-street shop closures and M&A activity across the gambling industry. Last month online sportsbook Paddy Power announced that it wants to merge with sportsbook Betfair. Romania Serves Notice to Sports Bettors: Comply or be Fined10.20.2015The Romanian National Office for Gambling has warned players of steep fines for playing with unlicensed online sportsbooks. In an article released today by a local Romanian newspaper, a plan was publicized to fine players between $1,250 and $2,500 depending the offense for betting with bookmakers on the Romanian black list. Portuguese Betfair Player has account closed despite moving to Ireland07.18.2015A Portuguese player has written SBR to detail a complaint against Betfair (SBR rating A-). The player has wagered with Betfair for over a year, dating back to when he physically resided in Portugal. As Betfair no longer accepts Portugal residents following Betfair's decision to suspend service in Portugal, the player had his account closed. Betfair Sportsbook bettor claims deposit & winnings confiscated07.07.2015A Betfair (SBR rating A-) player has submitted a tennis betting dispute. The player deposited €130 and wagered on an International Tennis Federation (ITF) doubles match at the odds of 6 (+500). His account was then abruptly closed without word from the sports betting website. Betfair punter submits Wimbledon betting dispute07.01.2015Update: Betfair has since corrected the grading of this Wimbledon betting market. A Betfair (SBR rating A-) punter has submitted a wagering complaint against the popular betting exchange. The player wagered on a Wimbledon tennis match between Watson and Garcia. The bet was on there being a tiebreak in set three; though there are curious circumstances at play. Betfair Trader's Horse Racing Wagering Dispute06.14.2015A Betfair (SBR rating A-) trader has written to Sportsbook Review with a wagering complaint. The player registered at betting exchange Betfair on June 4 to wager on Louisiana track, race 1. Three minutes prior to post time, he states that Betfair removed a runner from the card (horse number 6) without any explanation. The horse ran and should not have been scratched, says the player. WBX Betting Exchange Announces Closure; Players to be Paid03.17.2015Betting exchange WBX (SBR rating B) has closed. Players with balances at WBX should log-in and withdraw their funds. WBX posted a notice on their homepage last night making the announcement. The statement explained WBX endeavored to compete with Betfair, but the regulatory climate and rising costs necessitated their closure. | Read statement Top Sportsbooks Poll standings after two weeks11.14.2014The top sportsbooks poll for November 2014 has been running for two full weeks. Online sportsbooks 5Dimes, Heritage, and Pinnacle round out the top three. 5Dimes has received 825 points in the poll, whilst Heritage commands 570 points, and Pinnacle trails behind with 420 points. Anything can happen in the next two weeks, so be sure to cast your vote! | View Poll Standings Top Sportsbooks Poll Update11.09.2014The November 2014 edition of the best sportsbooks poll is underway. SBR invites all players to participate in the poll. Users can vote for their top three favorite sportsbooks, in order of best first. The first choice receives 25 points, second 15 points, and third 10 points. 75 votes have been received so far. | View poll standings Betfair inks deal with Odobo for HTML5 games05.22.2014Betfair (SBR rating A-) has signed on games developer Odobo for the development and implementation of premium HTML5 games. Over twenty games are said to be included in the deal with an additional sixty by year's end. Betfair will be launching the first wave of games on their website in the next few weeks according to industry reports. Betfair users with feedback are encouraged to write to firstname.lastname@example.org. Skrill sponsors Football Conference leagues07.29.2013Skrill (Moneybookers) is the new Title Sponsor for the next three seasons of Football Conference league play. The new leagues will be named the Skrill Premier, The Skrill North, and the Skrill South, according to an official press release released by the Football Conference and posted on the Skrill website.Betfair passes on renewing Blue Square football sponsorship04.07.2013On April 2nd, SBR reported that Betfair (SBR rating A-) acquired Blue Square Bet online (SBR rating B+) for £5 million. Blue Square players were redirected to their new accounts at Betfair. More than 120,000 new customers were acquired in the deal, as well as brand assets. Betfair has since made one of their first brand related decisions. Betfair acquires Blue Square sportsbook04.02.2013Betfair Sportsbook (SBR rating A-) has acquired Blue Square Bet (SBR rating B+) online for £5 million. Blue Square customers will be automatically redirected upon log-in to their new accounts at BetFair. Betfair gains approximately 120,000 new customers as well as brand assets; the deal does not include employees or technology. New Jersey to clash with sports leagues, US DOJ01.25.2013SBR provides an iGaming News video update for Friday, January 25th, 2013. The headliner of today's show is the legal battle between New Jersey and the major sports leagues, the NCAA, and now the US Department of Justice. NJ is attempting to bring sportsbooks to Atlantic City, but must convince US District Court Judge Michael Shipp that existing federal legislation is unconstitutional. NJ casinos on cusp of internet betting? 12.07.2012NJ State Senator Raymond Lesniak has lobbied for internet wagering in Atlantic City casinos for years, and it looks like he just may get it. The NJ State Assembly approved an updated version of the legislation Tuesday, leading to the chance of the bill passing following a full assembly and later Senate vote December 20th.Betfair leaves Greek market, SBR iGaming News11.30.2012Betfair Sportsbook (SBR rating A-) has left the Greek market. This marks the second withdrawal of the month from a European market, as Betfair also announced its departure from German market. Betfair cited regulatory and tax concerns as contributing to their decision. SBR news anchor Natalie discusses this topic and more in today's SBR iGaming News program.Betfair disputes, Sportsbetting.com upgraded09.18.2012In today's SBR Industry News video, SBR analysts Natalie Rydström and dispute manager Justin7 discuss the following: the recent upgrading of Sportsbetting.com (now .ag) following the BetOnline Group crediting over $30,000 to players who were cheated by old ownership, a Globet Sportsbook payout complaint, and two Betfair payout issues. Online poker licenses in Nevada, Betfair news09.07.2012SBR analyst Natalie Rydstrom provides an iGaming News update for September 7th, 2012. In today's video, two companies pending online poker licenses in Nevada are discussed, as well as news from UK operator Betfair, a recent Alderney Gambling Control license, and lastly an acquisition by BetVictor. TitanBet not honoring good bets, Heritage to add poker room08.08.2012In today's SBR Industry News segment, analysts Natalie Rydstrom and Justin7 discuss sportsbook complaints against TitanBet, BetClic, and Sportingbet. The focal point of the discussion is on how sportsbooks handle stale betting lines. Also discussed is Heritage Sports (SBR rating A-) upgrades headed into football season, as well as the coming launch of a poker room. TitanBet unjustly voiding bets again08.07.2012A TitanBet (SBR rating C-) player files a betting dispute. The player claims that TitanBet cancelled bets he made which were in-line with Betfair. The player believes that TitanBet is voiding wagers for no other reason than failure to update the lines with the rest of the market. Sportsbook line managers are tasked with ensuring the book's offerings stay up to date as numbers move. Schleswig-Holstein gaming licenses in danger07.27.2012SBR newswoman Natalie Rydström provides a weekly iGaming news update. Schleswig-Holstein operators are in danger of losing their license as the Northern German state is set to return to the controversial gaming treaty. An update is given on a Black Friday conviction, as well as Nevada interactive gaming.BetAtHome account closure complaint06.19.2012A BetAtHome (SBR rating C-) player submits a payment complaint. The player tells SBR that his account has been locked with a €200 balance. The player has reportedly received no word from BetAtHome on his account status. The player provided no details of his account or deposit history, or what circumstances might have contributed to the account closure. SBR is following up. Nevada, NJ online gambling update06.08.2012In today's iGaming news segment, newswoman Natalie provides an update on the latest developments out of Nevada's interactive gaming plans, an update on WillHill's US plans, a New Jersey online gambling overview as well as news across the globe in Northern German state Schleswig-Holstein.Spanish gambling market open postponed to June 5th05.30.2012The Spanish gambling market opening has been delayed until June 5th. EGR reported that the Directorate for the Regulation of Gambling made the schedule change to give operators time to register a technical point of contact in the Spanish regulator's database. Euro operators to pay €60M; US online gambling news05.25.2012SBR newswoman Natalie provides an international iGaming news update. Topics covered included Betfair's launch of a fixed odds sportsbook and racebook platform for UK customers; Betfair agreeing to pay up to €10M in back-tax to the Spanish tax authority, as well as an update on US gambling news. Betfair hires MetricStream05.25.2012Betfair (SBR rating A-) has hired MetricStream, a company which specialises in enterprise-wide Governance, Risk and Compliance (GRC) and data management to support its IT, risk, assurance, and policy management. The company will help streamline Betfair's compliance using the latest data security standards. Betfair reportedly processes over five million transactions a day. Bwin, Bet365, Tipico, BetAtHome licenced in Schleswig-Holstein05.23.2012Online gaming businesses Bwin, Bet365, Tipico, and BetAtHome are the latest companies to be licenced in Schleswig-Holstein. The sports betting licence is valid for six years. On May 5th, SBR reported on the first three companies to be licenced in Schlewswig-Holstein; Jaxx (myBet), Betfair, and Nordwest Lotto. iGaming news: BetFair, US gambling legalisation05.05.2012In today's iGaming industry video, newswoman Natalie Rydstrom discusses gaming licenses issued in Schleswig Holstien, Germany; potential legalised online poker in Massachusetts by 2013, as well New Jersey's incentive to facilitate intrastate online gambling. Later in the segment, Natalie is joined by fellow industry analyst J-Todd, most known for his "This Week in Gambling" program.Facebook, BetFair, Unibet SBR Industry News w/ Natalie Rydstrom04.18.2012 SBR analyst Natalie reports on the latest iGaming industry news. During today's segment, Natalie is joined by SBR dispute mediator and legal mind "Justin7". Read the full video transcript. Election odds: Romney the favorite for Republican nomination in 201212.22.2011Yahoo Politics forecasts that Mitt Romney has a 65.6% likelihood of victory in the 2012 Republican primary. Fellow candidates Newt Gingrich's chances are declining, while candidates Ron Paul and Jon Huntsman have failed to gain steam. Mitt Romney's chances are attributed to his popularity in Iowa; a key state in determining who will ultimately receive the Republican nomination for President. Betfair player says account was suspended amidst tennis investigation11.30.2011 A high-stakes Betfair (SBR rating A) punter tells Sportsbook Review that his account has been locked since March 28th, 2011. The Betfair player had a sum of €50,000 risked on an ATP tennis match—Michael Llodra vs Marcel Granollers—which was a normal stake for the trader. Marcel Granollers went into the match in good form and was a slight underdog at +138. After the conclusion of the match, the player states that he received a letter from Betfair indicating that the outcome of the match was being investigated. The player states that he wrote Betfair multiple times per week asking for an update on the status of the investigation. When SBR followed up with Betfair for comment, Betfair advised SBR that they could not discuss specifics of player accounts. SBR is asking the player to provide a complete overview of his position on the match. SBR will update this report as more information becomes available. Betfair $3.1M payout complaint07.29.2011A professional Betfair player (SBR rating A) requested payment of $3,100,000 in February of 2011. To date, the player has received only $600,000. SBR has confirmed the outstanding amount is legitimate through Betfair, and covered the issues surrounding the withdrawal status in the below video report. Betfair users report downtime07.20.2011 UPDATE — Betfair is back online after scheduled maintenance. BetFair (SBR rating A) users have reported an hour of downtime. Betfair problems, SBR posters report glitches03.12.2011 Betfair (sportsbook rating A) players report that all markets are suspended. Players are able to log into their Betfair accounts, but find that they cannot enter offers. On March 11th, the UK news outlet The-Register reported that Betfair glitches were allegedly fixed. Betfair suspends player account and debits €32,000 in premium fees12.26.2010 Betfair (SBR rating A) has charged a player €32,000 in premium fees. On December 2nd, the player's account was suspended. On December 15th, Betfair reopened the account after debiting the player's account for what it said was "suspicion of premium charges evasion". The player states that he has only bet in 150 markets over the last 4 months, and therefor should not have to pay the assessed fee. Betfair justified its seizure to the player by stating that he and four other accounts from his country made similar market bets. The player denies having any relationship with the other four account holders. Betfair responded to SBR's request for comment by stating the following: Betfair: Unfortunately, as before, I am unable to comment on the specifics of any such case (though hopefully this won't lead to you to the conclusion that the players version is always true) where fraud may be an issue. Some general points that may help you here though We have a premium charge that is payable by a very small proportion of our customers. Some customers may try to avoid paying the premium charge by structuring their betting in a particular way. If we find a customer has tried to do this, then we deduct the relevant premium charge from their accounts in accordance with our terms and conditions. All those liable to the premium charge are made aware of these terms and conditions. Betfair botched casino bonus promo update12.06.2010 Betfair (SBR rating A) update. On 12/3, SBR reported that Betfair offered players a "Happy Hour" casino promotion on November 13th. The promo allowed for unlimited bonus credits provided that players could satisfy the 10X casino rollover. A player deposited €300 with Betfair on November 13th. The player repeatedly used the Happy Hour bonus, eventually betting €1000 a hand. He increased his balance up to €32,071 Euro with the help of the promotion, which allowed unlimited bonuses. He successfully withdrew the money to his checking account, where it was credited on November 16th. On November 18th, Betfair debited his bank account for €32,071 without his consent or any warning. Betfair gave no explanation for the debit. SBR has requested comments from both Betfair and the player's bank. To date, neither has offered any comment. Betfair voids funds of casino promo winners12.03.2010 Betfair (SBR rating A) players have notified SBR of a botched casino promotion. Betfair offered players a "Happy Hour" casino promotion on November 13th. Players were given a 50% bonus (up to £100) if they transferred funds into the casino for the 1-day special. The promotion required a 10X rollover which had to be met in twelve hours. Betfair advertised that this special could be used unlimited times; a player could transfer £200 into the casino 100 times, earn a £10,000 bonus, and would be entitled to retain his bonus provided the rollover was finished in twelve hours. However, Betfair allowed players to play games such as Casino Hold Em with this promo, wich has just a 2% house edge. This enabled savvy players to quickly fulfill their rollover, then redeposit to the casino to again receive a bonus. Betfair's terms specifically allowed the promotion to be redeemed unlimited times during the 1-day window. Once Betfair recognized how unprofitable and poorly structured the promotion was, they began to seize casino winnings from players accounts. Betfair bonus dispute10.22.2010 Betfair (SBR rating A) bonus dispute. Betfair ran a new account special from October 6th-11th for 50% cash-back on losses during that period. The requirements were that €50+ needed to be wagered on two or more days. A player signed up for this promotion and lost €1260 during the allotted time. Betfair opted not to refund half of his losses (€630), stating that this special was never offered to the player. The player provided both SBR and Betfair with a copy of the e-mail he received advertising the promotion. SBR is investigating. BetFair removes player funds and closes account05.24.2010 A BetFair (SBR rating A+) player has filed a sportsbook complaint. On May 4th, the player requested a $150 withdrawal to Webmoney, however only $120 was sent to his Webmoney account. The player states he wrote an e-mail to inquire to BetFair about this. At this point, his account was closed. The remaining $150 in his account has not been paid, nor has the player been provided an explanation for the account closure. On May 9th, BetFair closed two player accounts alleging fraudulent activity, but did not share its evidence with SBR. BetFair often cites its data protection act, and generally limits its discussions regarding player complaints to IBAS - the Independent Betting Adjudication Service that settles UK gambling disputes. SBR has written to BetFair to inquire. Betfair confiscates two players balances05.09.2010 Two unrelated Betfair (SBR rating A+) players have written SBR for dispute assistance. Each player had their balances confiscated by Betfair for what was alleged to be fraudulent activity. The first player opened his account in late April, depositing $100 before increasing his balance to $450. Upon requesting a payout, Betfair confiscated his $550 balance. The second player deposited $240 in mid-April and increased his balance to $1400. After the player successfully withdrew $590 from Betfair, his remaining balance of $1050 was confiscated. SBR is discussing both cases with Betfair. BoyleSports (unrated) declines to discuss sportsbook complaint02.18.2010 On 2/15 SBR reported that BoyleSports (unrated) voided a players winning €20 wager on an Italy Series B soccer match between Gallipoli and Grosseto. SBR followed up on the complaint and inquired to BoyleSports about the wager cancelation. BoyleSports cited data protection as the reason it could not comment on the case, despite the fact that the player authorized SBR to inquire on his behalf. The soccer match between Gallipoli and Grosseto has come under fire in the last week with at least two confirmed sportsbooks, BoyleSports and Interwetten (SBR rating B-) canceling bets on the soccer match due to suspicions of foul play. Top soccer sportsbooks such as Betfair (SBR rating A+) paid all bets as normal in the match. Interwetten addresses €6300 canceled bet dispute02.17.2010 Interwetten (SBR rating B-) has addressed the €6300 canceled bet dispute from SBR's 2/15 report. Interwetten has cited third party news sources which chronicled a highly irregular number of bets on a 2-2 exact score outcome on an Italy B Series soccer game between Gallipoli and Grosseto. The score was 2-1 at half when a lopsided number of bets streamed in on the exact outcome. SBR has inquired in discussions with Interwetten whether or not all open bets on the game were voided, or only the wagers on the 2-2 outcome. Interwetten stated that its legal department advised them to not answer these questions. Interwetten, along with all other sportsbooks which serve sports where match fixing has been proven to occur have rules on file enabling them to void all bets in such games. The most ethical course of action when canceling bets on matches determined to be fixed is to void all wagers, not to selectively apply which wagers to settle. Betfair (SBR rating A+) graded all markets normally on the wager. | Interwetten cancels winning bet report. Lay104 enters the SBR rating guide at D+.12.13.2009 The new reduced juice sportsbook is a sister book of BetFirstClass (SBR rating C-). The discounted vig booking model is one of the hardest to sustain, even at -107. Many have tried and very few have survived. As with all businesses the most necessary ingredient with low sales margins is high volume. Unlike Pinnacle (SBR rating A+) and Betfair (SBR rating A+), this is something Lay104 does not have. SBR would expect the group to close the brand if it gained enough popularity and active players to show long term financial forecasts. Bwin pays player in full for cancelled bet11.01.2009 Bwin (SBR rating C-) pays player in full for cancelled winning tennis bet (report below) after SBR discussed market odds with management. Players with cancelled bwin wagers are welcome to contact SBR. Bwin (SBR rating C-) cancelled a live tennis wager citing an input error, voiding €420 in winnings. The player bet an in-game wager on Agnes Szavay risking €60 at 7/1. After the match concluded Bwin cancelled the wager. At the time the wager was placed, Betfair (SBR rating A+) had odds from +620 to +520. This does not appear to be a case of an obvious input error. SBR has contacted Bwin to address the dispute. Bwin cancels live tennis wager citing input error10.27.2009 Bwin (SBR rating C-) cancelled a live tennis wager citing an input error, voiding €420 in winnings. The player bet an in-game wager on Agnes Szavay risking €60 at 7/1. After the match concluded Bwin cancelled the wager. At the time the wager was placed, Betfair (SBR rating A+) had odds from +620 to +520. This does not appear to be a case of an obvious input error. SBR has contacted Bwin to address the dispute. Players vs. Shilbet06.17.2009 Two players from sportsbook, Shilbet (not rated), complain that the sportsbook graded their full-game bets as 1st half losing wagers. On June 10th, Shilbet offered wagering on the Ecuador vs. Argentina soccer game. Odds history logs show that Shilbet offered full-game odds of +300 on Ecuador, +210 on the draw, and -143 on Argentina. At least two players had wagers on Ecuador at +300, believing it to be a game wager. The game was tied 0-0 at halftime, and Ecuador won the game 2-0. The players now see that half time result had been applied to their wagers on the full game. SBR has begun discussing the matter with Shilbet. Shilbet claims that "In certain occasions we pick unconventional odds in order to attract players". SBR notes that Betfair (SBR rating A+) had odds on a first-half draw at +108, and finds Shilbet's explanation for the line being for the full game is unlikely for multiple reasons. 1. It was offering +210 on a first half draw - nearly double the market price; and 2. Both players and odds tracking sites would have had to misinterpret first-half odds as full-game odds. Shilbet's software does not note if wagers are on periods of games or full games. SBG Global Sportsbook unjustly cancels Formula 1 World Championship bets04.22.2009Three players wrote SBR with similar complaints. Each player had wagered on Jenson Button to win the Formula 1 World Championship at the odds of 70:1. At the time these wagers were placed the betting market, including Bookmaker (SBR rating A+),The Greek (SBR rating A+) and Betfair (SBR rating A+), was offering similar betting odds. SBG waited until Jenson Button won the first two Formula 1 races, voided the wagers, and offered to reinstate the bets at 10:1. SBG is wrongly applying the "gross or obvious error" rule to these bets. The line was not offered in error. SBGglobal bettors are victim of outright theft. This sportsbook has a long history of cheating players. SBG management would not discuss the cancellations with SBR.No-pay exchange AllSportsMarket (SBR rating D-) closes01.17.2009No-pay exchange AllSportsMarket (SBR rating D-) closing; owner claims balances will be transferred to company shares in new venture "soon." AllSportsMarket owner outlined company problems in a message to balance holders but did not mention its failure to pay users. Players have been waiting for funds since 2007. The message states that AllSportsMarket will close due to legal issues and user account balances will be transferred to stock in a new sports investment exchange product in the future. Bet1128 refuses to honor winning tennis wagers07.23.2007Bet1128 (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. Bet1128 unjustly cancels winning bet?07.12.2007SBR 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.SBR Bill Dozer reports:02.27.2006UK-based Betfair(SBR rating A+) confirms plans to offer PayPal as new banking option. PayPal removed information referring to gambling activity from sections 2.7 and 7.2 of the User Agreement for Austria, Germany, and U.K in November of 2005. PayPal.co.uk’s AUA previously included the following language: Using the PayPal service to receive payments for wagers, gambling debts or gambling winnings, regardless of the location or type of gambling activity. Betting Exchanges making a return to the US market?04.17.2005In the past, more than a few sportsbooks have offered peer-to-peer betting but it seemed that American bettors were not ready to follow in the footsteps of their European counterparts. Sportsbooks were unable to offer a quality product that was as easy as the book itself. However, it appears the overwhelming success of Europe’s Betfair has bookmakers believing it is only a matter of time before the next Betfair hits the US. SBR has learned that a sportsbook from the Top Sportsbook List plans to launch a new betting exchange that functions like a regular sportsbook. Some newer sportsbooks upgraded after end of the year reviews.01.18.2005Mansion now holds a respectable C+ SBR rating and is by far the most interesting new sportsbook of the class of 2004. We continue to remain somewhat cautious on Mansion despite the high level of financing from a millionaire cigarette tycoon from Asia and a capable management staff. Mansion has taken aim at the two toughest competitors in the industry in Pinnacle (SBR rating A+) and BetFair (SBR rating A+). History is not on the side of books that take on those two goliaths, however Mansion could be the exception. SBR Bill Dozer reports: Betfair (SBR rating A) releases details of SportingOptions bailout.11.17.2004Betfair tells SBR that all SportingOptions player balances of £1000 or less may be transferred from their SportingOptions account. For traders who held a higher balance, BetFair will offer half-price commission on all wagers until the total discounted commission equals the player's SportingOptions balance less the initially credited £1000. Those who lost large balances will be required to wager extensively in order to fully benefit from this relief package. All players looking to take advantage of this bailout must open or have an account at www.Betfair.com. SBR Bill Dozer reports: Betfair (SBR rating A) to bailout Sportingoptions players.11.16.2004Betfair expects to assume all player balances by the end of the week. This move is expected to restore player confidence levels in the UK sports-trading market.