World Sports Exchange was once regarded as one of the most professional sportsbooks online. However, beginning in the summer of 2009, WSEX began to slide as withdrawal delays were reported by frustrated players that had waited weeks for their funds. WSEX players were not accustomed to waiting more than 3 to 5 banking days for their payouts. Weeks turned into a month, a month turned into several months, WSEX was ultimately downgraded eight times by SBR and now sits at its lowest mark ever — D.
Industry insiders and speculative outsiders have their theories on where WSEX turned sour. SBR can confirm that Matchbook, once a decent asset of and synonymous with the brand of WSEX, was uneffected by the downturn. New Matchbook executives confirm to SBR that the exchange is moving forward without WSEX, and will buy off any remaining percentage that WSEX holds in the company. SBR is hopeful that any funds gained by WSEX from its seperation with Matchbook will go directly to the slow-paid players.
The founders of WSEX left their positions on the Pacific Stock Exchange to start WSEX in 1997. WSEX was a prominent figure in the off-shore world, consistently among the top of the pack in player discussions and overall reviews. WSEX was one of the first to offer an online sportsbook exchange, live wagering, and many of the betting options players enjoy today. Unfortunately, some players considered themselves married to WSEX, giving all of their business to the outfit that had treated them so good over the years. Those players are now stuck. While WSEX's situation is still considered a "slow-pay", both players and SBR recognize that matters can get worse.
SBR is accepting sportsbook complaints from WSEX players, and is doing all it can to represent them and to help prioritize their place on WSEX's payment list. Over six figures in payments were confirmed in October of 2010. Unfortunately, more WSEX setbacks were encountered and a new six figure amount of slow-pays have been reported. WSEX players can also e-mail in directly to help@sportsbookreview.com to report on their situations. The latest update provided from WSEX management was that a "small volume" of funds were being processed per week due to continued financial problems. To check for the latest WSEX Updates, visit the WSEX Reports page.