1. #1
    rangerz2478
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    Cloudbet STEALS from customers in live betting (proof inside, see for yourself)

    Hey guys. I am starting this thread to warn people about the incredibly shady practices of cloudbet in live betting. Those who don’t know any better can really get taken advantage of from this book so I felt the need to put this information out there.


    I will focus on hockey to be as direct as possible. As soon as a goal is scored, cloudbet will freeze the odds for a split second. Then, they will bring all odds back and will and continue taking odds on losing wagers. (unders, next goal losers, money line on wrong side, etc) and will continue taking bets until the scoreboard changes. They actually freeze odds on the winning sides, and will continue taking odds on the losing sides. The odds come from a third party but they, or an alternate third party clearly has manual control over keeping the odds up past post after a goal. (sometimes, this can be for a couple minutes especially if they are reviewing a goal.) It will even go beyond that. Say a team is going on a 5 on 3 powerplay where every site out there freezes completely, they will stay up to take odds on the shorthanded team. Say a goalie is pulled earlier than usual? You guessed it, they will stay up to take odds on unders or any bet effected by the early pull.


    Don’t believe me? Watch either of today’s nhl games, wait for a goal to be scored, and see for yourself. For the last 3 months minimum, they have done this on EVERY SINGLE GOAL that has been scored. And I welcome everyone to see for yourself.


    I happen to watch every single game I’m wagering on and know of their practices so I did not have a wager that was impacted by this. I withdrew all my money once I realized what was going on. That said, they are clearly taking advantage of people not watching the game, or people on delayed feeds. (even the games we watch on live cable are usually 5-10 seconds behind, live streams are obviously even worse)


    I have attached a screenshot to prove what I’m talking about. I have a ton of these as I said, it has occurred on every single goal. The score was 4-2 Minnesota. A goal was scored to make it 5-2, and those were the odds they froze before their scoreboard updated to 5-2.

    Name:  Screenshot JPG.jpg
Views: 599
Size:  46.3 KB

    I am sure they do this on more sports than just hockey (especially soccer) but hockey is the sport I followed live the most with them. What they are doing is flat out STEALING on every level and they need to be called out for it.
    Points Awarded:

    ace7550 gave rangerz2478 1 Betpoint(s) for this post.


  2. #2
    larco15
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    Excellent poster.

  3. #3
    Optional
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    Good report.

    Hard to call it stealing when bettors have a choice to bet ill-informed or not.

    Definitely ethically questionable though.

    Not the first time Cloudbet have been called out on their ethics either.

  4. #4
    dirtdog52658
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    Betonline Frequently does this, freezes on side allowing bets on other.

  5. #5
    Slanina
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    Oh my

  6. #6
    dealer wins
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    Only completely dishonest rogue bookmakers do things like this and should be graded as such across the internet.

  7. #7
    jtoler
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    Some other books 3rd party do shady things also, kinda like this with tennis, odds will change before score is updated.

  8. #8
    dpeti
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    I have already said many times in their bitcointalkorg topic to put an "accept better odds" checkbox onto the betslip.
    They never replied.

    If you try to place a handicap/overunder bet in live betting then it will take at least 5-10 seconds (this is normal), if the line moves in your favor then cloudbet will reject the bet (this is normal), but if the line moves in coludbet favor they will accept your bet (on the initial line/odds) while at the same time (before the acceptance) you can see much better line/odds on the refresed live bet page

  9. #9
    rangerz2478
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    Quote Originally Posted by Optional View Post
    Good report.

    Hard to call it stealing when bettors have a choice to bet ill-informed or not.

    Definitely ethically questionable though.

    Not the first time Cloudbet have been called out on their ethics either.
    Optional, I get what you're trying to say, but the average recreational gambler would never notice this. Hell, the average bettor probably doesn't even have access to watch the games they are betting on. If you are processing an under wager and a goal is scored, you expect your bet to be rejected.

    Therefore, it IS flat out stealing any way you slice it.

  10. #10
    rangerz2478
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    Quote Originally Posted by jtoler View Post
    Some other books 3rd party do shady things also, kinda like this with tennis, odds will change before score is updated.
    In fairness, tennis odds move so fast on each point that the odds changing first isn't out of the norm. So if it's a split second or two ahead of the scoreboard then that's typical.

    BUT if the odds are changing and the scores are lagging minutes behind, that's a different story.

  11. #11
    rangerz2478
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    Quote Originally Posted by dpeti View Post
    I have already said many times in their bitcointalkorg topic to put an "accept better odds" checkbox onto the betslip.
    They never replied.

    If you try to place a handicap/overunder bet in live betting then it will take at least 5-10 seconds (this is normal), if the line moves in your favor then cloudbet will reject the bet (this is normal), but if the line moves in coludbet favor they will accept your bet (on the initial line/odds) while at the same time (before the acceptance) you can see much better line/odds on the refresed live bet page
    Yea pretty standard at cloudbet.

    I first signed up around thanksgiving. Had a good month run and during that time there was no shady behavior at all by them. (at least from what I saw) After that, I got constant error messages and my limits were reduced to peanuts in live betting. Was told my limits would be raised when they came out with the new system (despite constant assurances from the manager, this never happened)

    http://www.sportsbookreview.com/foru...sing-bets.html

    Then, they came out with this new system that gives them manual control over the odds and the ability to flat out steal as they currently do. I guess they were getting pounded so hard that they had to resort to this. Sad.

  12. #12
    jtoler
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    Quote Originally Posted by rangerz2478 View Post
    In fairness, tennis odds move so fast on each point that the odds changing first isn't out of the norm. So if it's a split second or two ahead of the scoreboard then that's typical.

    BUT if the odds are changing and the scores are lagging minutes behind, that's a different story.
    Not a split second, more like 3 or 4 seconds. They know what theyre doing, because theyve changed the odds when the score has changed but the score doesnt change on their scoreboard for another 2,3, or 4 seconds. Always change the odds first or same time as actual score changes, never score change before odds change, they are going to protect themselves no matter what.

  13. #13
    rangerz2478
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    Quote Originally Posted by jtoler View Post
    Not a split second, more like 3 or 4 seconds. They know what theyre doing, because theyve changed the odds when the score has changed but the score doesnt change on their scoreboard for another 2,3, or 4 seconds. Always change the odds first or same time as actual score changes, never score change before odds change, they are going to protect themselves no matter what.
    Yea should be instant with the scoreboard.

    Like I mentioned earlier, even the best cable feeds are 5 secs minimum behind the live event. Most people have no idea of knowing espn is 10 seconds behind, and tnt/tbs is closer to 20 secs behind.

    Throw in the fact directtv is even worse, and the individual sports packages (mlb extra innings, nba league pass) have even greater delays, the advantage is always with the book. The third party providers have access to ACTUAL live feeds that the standard bettor does not.

    And the saddest part is, most have absolutely no idea they are so far behind.

  14. #14
    rangerz2478
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    I was at the dodgers mets playoff game last year, on the phone with my friend. (who has cable)

    Game was on tbs, and he was saying he was close to 30 seconds behind everything I was saying. Just nuts.

  15. #15
    ace7550
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    Thank you so much for this Rangerz. I was considering making a deposit at cloudbet. Not anymore. That practice is definitely unethical.
    On an opposite note, I recently made a live bet at bookmaker on an MLB ML bet at -130. It took a couple seconds to process and the line changed to -127 in those few seconds. Bookmaker gave me the -127 line without me even having to ask. The difference between a good and proven book and a dirty backhanded book.
    Bookmaker=
    Cloudbet=

  16. #16
    jtoler
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    Quote Originally Posted by rangerz2478 View Post
    Yea should be instant with the scoreboard.

    Like I mentioned earlier, even the best cable feeds are 5 secs minimum behind the live event. Most people have no idea of knowing espn is 10 seconds behind, and tnt/tbs is closer to 20 secs behind.

    Throw in the fact directtv is even worse, and the individual sports packages (mlb extra innings, nba league pass) have even greater delays, the advantage is always with the book. The third party providers have access to ACTUAL live feeds that the standard bettor does not.

    And the saddest part is, most have absolutely no idea they are so far behind.
    Yep youre totally correct.

  17. #17
    capone1899
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    Quote Originally Posted by rangerz2478 View Post
    I was at the dodgers mets playoff game last year, on the phone with my friend. (who has cable)

    Game was on tbs, and he was saying he was close to 30 seconds behind everything I was saying. Just nuts.

    Yeah, and if you use that 30 second advantage they'll ban your account, but they'll use it to freeze the winning side and take losing bets. Top notch folks

  18. #18
    Optional
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    Quote Originally Posted by Optional View Post
    Good report.

    Hard to call it stealing when bettors have a choice to bet ill-informed or not.

    Definitely ethically questionable though.

    Not the first time Cloudbet have been called out on their ethics either.
    After thinking about this more, if they are knowingly taking bets on outcomes they already know then it is theft.

    Just reversing the player courtsiding issue so the book is doing it.

  19. #19
    rangerz2478
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    Quote Originally Posted by Optional View Post
    After thinking about this more, if they are knowingly taking bets on outcomes they already know then it is theft.

    Just reversing the player courtsiding issue so the book is doing it.
    Right.

    When you take bets on outcomes that are already determined (unders, next goals, etc) it is blatant theft in every sense of the word.

  20. #20
    rangerz2478
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    Man they are bad. The Blues first goal just now was reviewed for about 5 minutes. During that ENTIRE time they had odds up, continuing to take losing wagers until the goal officially stood, and their scoreboard changed.

    To call them crooks would be a massive understatement.

  21. #21
    PharaohUB
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    Nitrogen does something similar when I'm betting live tennis. When you submit your bet the thing will spin for a good 10-15 seconds. If during that 10-15 seconds a point is won in their favor then the bet is accepted, if it is in my favor they don't take the bet. Never live bet tennis at Nitrogen except between sets or commercial breaks. If you bet during the games itself you will always get the worst odds.

  22. #22
    SharpyUSA
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    Wow that is so messed up. My friend told me about that St. Louis goal too and how cloudbet left it on and then charged a "loss" to his bet.

    That should automatically make these scumbags be graded to a F!

  23. #23
    rangerz2478
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    Quote Originally Posted by PharaohUB View Post
    Nitrogen does something similar when I'm betting live tennis. When you submit your bet the thing will spin for a good 10-15 seconds. If during that 10-15 seconds a point is won in their favor then the bet is accepted, if it is in my favor they don't take the bet. Never live bet tennis at Nitrogen except between sets or commercial breaks. If you bet during the games itself you will always get the worst odds.
    Unfortunately, this is a pretty common practice.

    But what you explained is NOT the same as what cloudbet is doing.

  24. #24
    rangerz2478
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    Quote Originally Posted by SharpyUSA View Post
    Wow that is so messed up. My friend told me about that St. Louis goal too and how cloudbet left it on and then charged a "loss" to his bet.

    That should automatically make these scumbags be graded to a F!
    Of course they graded it a loss, they leave odds up with the sole purpose of taking losing wagers and "stealing" in every sense of the word.

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