SBR Scam Alerts

GolfAndBet; scam sportsbook still taking bets

02/26/2010 12:14 PM

2/26/2010 12:14:26 PM -
Player comments:

First of all sorry for my english.I have made my deposit the last day of jannary (25/01/2010) of 100 euro and I have made the withdrawal the 5 februry. There are all lot of people in my same situation.

GolfAndBet in response to SBR inquiry:

Hallo No we are not accepting Ant deposits or bets at the moment because weare looking after investors. Regards

WagerWeb (SBR rating C-) confiscation of $9578.60 determined to be theft.

01/06/2010 07:47 AM

1/6/2010 7:47:09 AM -

AtotalSportsbook enters the SBR rating guide at F.

01/03/2010 10:48 PM

1/3/2010 10:48:21 PM -

BetFirstClass reserves right to cancel winning parlays and keeping losers?

10/04/2009 11:03 PM

10/4/2009 11:03:00 PM -

DailyDime Sportsbook now under BTG gaming.

09/17/2009 09:46 PM

9/17/2009 9:46:37 PM -

New Dimeline Sportsbook player slow-paid $6,000

09/13/2009 11:08 PM

9/13/2009 11:08:41 PM -

Is WBEXonline Shilbet (SBR rating F) in new clothes?

09/06/2009 04:39 AM

9/6/2009 4:39:44 AM -

Additional Casineto slow-pay complaints received

09/04/2009 11:16 AM

9/4/2009 11:16:20 AM -
Player complaints

On June 15, 2009, I requested for $500 withdrawal from my CasiNETo account to my Moneybookers account. Same day this transaction was approved but till now I have not received those funds. This was not the first time I withdrawn money from CasiNETo, but this time the withdrawal process is taking too long. I have sent several e-mails to CasiNETo about this, but with no results. They use to say that " The processing of withdrawals is still in progress".
Since all this seems unusual to me I decided to fill in this complaint.
Hopefully you can help me.

I have sent a Casineto payout request at the end of June and have been away from home whole July. When I came back in August I noticed that they haven't realized my payot request at all in all that time. I sent them another email last week and they answered that I will received my withdrawal until August 14th. Well, I have received nothing and I can't understand what is going on with them.

I requested a withdrawal from casineto about 80 days ago and I'm still waiting ,and when I try to ask them what is the situation with my withdrawal,I always get e-mails with some exuses about technical problems and etc.I have one more payout requested which I'm waiting for over 30 days,and one more which I received on the 30th day.I'll be glad if you can help in some way.Thanks in advance.

Dear SBR , i requested withdraw from Casineto on 29 June around 1600 $ , i am waiting still to get paid , I type them several emails and they answer me with technical problems . Please help me , i need this money very much . If i get my money i promise 100 $ reward transfer from my moneybookers to the person who helps me . Please i need it very much i can`t wait any longer . Thank you very much .

I have requested a withdrawal from Casineto on 20.06.2009 14:52 to Moneybookers for USD 58.00. Ever since I have only received emails about technical difficulties, but no funds. I am aware there over 14K USD outstanding, but please add my complaint to the undoubtedly long list.

Hi! Please can you help me? I have account in casineto.net. I deposit money about 1 month ago 200 $ with my credit card. I did't get their depsoit bonus because not met the rollover requirement. when I read your website I understand that casineto is not so very good and thats why I immidetilly make withdrawal 1105 $ to my moneybookers account. after 40 hours they failed withdrawal. I send E-mail and they answer wery quicly in next day that they send me E-mail yesterday that I must first deposit at least 20 $ by moneybookers and play with this money. ok I deposit and play. this money lost and make a new withdrawal. now its over 4 days and no money. after 48 hours I send E-mail and ask for my money. no one answer I get for this E-mail. therefore 2 days ago I make second withdrawal 757 $. when I make first withdrawal this money stay in wager. for both withdrawal summary 1862 $. Can you help me please?

I placed an order for the payment through Moneybookers $1768 6 more June and then the money is not received. Please help.

I had to wait almost a month the first time I withdrew from Casineto, my 2nd withdrawl was made on June the 25th and I'm still waiting for that one, today I have withdrawn the balance of my account as clearly they are going under.
Can you please help me with my second withdrawl?

BookTheBet fails to pay winning player

09/03/2009 10:14 PM

9/3/2009 10:14:56 PM -

WeBetNow enters the SBR rating guide at F

08/28/2009 05:23 PM

8/28/2009 5:23:10 PM -

VietLuckyBet tries to catch victims with huge bonus offers

08/23/2009 11:33 PM

8/23/2009 11:33:26 PM -

Houstonbet (SBR rating F) back under new names

08/20/2009 11:25 PM

8/20/2009 11:25:45 PM -

More Casineto slow-pay complaints reach the SBR mailbox

08/14/2009 12:15 PM

8/14/2009 12:15:17 PM - One player's summary of Casineto:

“Good signup offers, limited range of markets, extremely good odds on some markets (got the impression that once odds were put up, they were never updated),didn't appear to be any limits to bet sizes, very quick and easy to place a bet - however it could be unclear whether the bet had been accepted - once I placed a bet twice because of this. Site was a little slow when navigating between different screens, overall site design not too bad, deposit process fast ( I used credit card),some bets settled very fast (within 1 min) while others took almost a day to settle. Very very slow at answering email queries - between 3 and 8 days - but they usually did answer. Withdrawl process very poor - automated email sent advising withdrawl would be actioned within 48 hours - I had 3 withdrawls and theytook between 8 days and 2 weeks. Although the site states no fees for bank transfers each time I was charged $20 and the exchange rate was very poor. Customer service was pleasant in terms of the tone of emails I received when I eventually got replies, never answered their phone.

In summary, odds almost too good to be true, but my nerves couldn't deal with their slow withdrawl process and even slower customer service. I won't be going back as I don't feel confident my money is safe.”

Enterbet blames "company restructuring" for latest slow-pays

08/11/2009 09:05 PM

8/11/2009 9:05:12 PM -

Bet365 wager complaint

08/11/2009 08:25 PM

8/11/2009 8:25:46 PM -

Oddsmaker burns three more winners with promotion fine print

08/09/2009 10:44 PM

8/9/2009 10:44:03 PM -

BetGoTo enters the SBR Rating guide at D-

08/01/2009 11:52 PM

8/1/2009 11:52:15 PM -

Bet33 Group upgraded from F to D-; debt remains

07/29/2009 08:10 PM

7/29/2009 8:10:05 PM -

LasPalmas slow-pays continue; players owed over $124,000

07/28/2009 10:45 AM

7/28/2009 10:45:10 AM - Player comments

“I joined ehorse when they carried a B-rating. After several deposits I ran my account to over 48K. At that point they cited a racing rule which allowed them to deduct over 24k from my account. I then ran my account back up to 31K at which time they shut me down and a payout was requested. Well over three months later I am still waiting for the bank wire in which they keep saying is "two weeks away". My complaint is not with the 24K deduction but rather lack of payout(s).”

“As you may recall I got paid out a couple of larger payments a few months back (I was owed about $50000). The remaining balance I've pushed to get either in small payments or ideally a full payout. My current balance ids $29000 which sits in the exchange.

I've had a few smaller amounts, usually $2-3000 which has got it down this far, but I have hit a wall the last few weeks and I suspect they may be almost dry. I'm happy they are trying to be honest, but I just think they are broke and they may well just be shuffling the odd bit of money thay get in to offset elsewhere. The customer services staff seem pretty fed up.

I suspect the chances of getting the balance are now low, so I've offered them a deal to close out the account of 50c on the $. I offered a few weeks ago at about 70c/$ but they declined and said they would pay in full ( I wish!!).

I wondered if you had heard anything recently such as a possible sell out or takeover? I'm not holding out much hope of getting further cash but if they did get a buy out at least I might stand a chance.”

“I made payout request of 1300USD on march 30th and again on jun6th but no response at all from Las Palmas. “I made payout request of 1300USD on march 30th and again on june 6th but no response at all from Las Palmas. Previously I deposited in Las Palmas “

Scam sportsbook will not comment on latest theft

07/27/2009 08:08 PM

7/27/2009 8:08:59 PM -

More BetOnBet Warning Signs

07/25/2009 01:37 PM

7/25/2009 1:37:23 PM -

Dorobet owned by Oddsmaker and BetonUSA principals

07/23/2009 05:26 PM

7/23/2009 5:26:14 PM -

Betonbet enters the SBR rating guide at D

07/21/2009 04:02 PM

7/21/2009 4:02:45 PM -

SportsbettingTime enters the SBR rating guide at F.

07/19/2009 11:25 PM

7/19/2009 11:25:59 PM -

Shilbet off-line day 11.

07/19/2009 12:32 AM

7/19/2009 12:32:07 AM -

HighRollerOnlineCasino enters the SBR Rating Guide at F.

07/17/2009 09:05 PM

7/17/2009 9:05:32 PM -

GotoCasino relying on deposits from football bettors to pay current balance holders?

07/16/2009 11:46 PM

7/16/2009 11:46:20 PM -

Warning:

07/12/2009 11:13 PM

7/12/2009 11:13:51 PM -

BigCitySportsbook enters SBR rating guide at F

07/11/2009 11:42 PM

7/11/2009 11:42:08 PM -

Broke no-pay sportsbook BetCascade still scamming players

07/10/2009 11:59 PM

7/10/2009 11:59:02 PM -

"I had been playing with Cascade since last Oct.09 ,without any problems at all .Well,would it have anything to do with not cashing in a winning ticket ?I went broke with that offshore at least 4,or 5 times ,sending money through moneygram ,I believe ,each time ... packages of 300 to 800 .
The last I sent them was Feb.29th,09,1000.00(without double checking),Lennie ,I believe "gave me" a 30 % rollover bonus.So at that time, I have 1300 or so in my kitty .
From that point on, my luck, or skill changed to the better, finally. At some time in late March my figure was close to + 7000.
After College Basketball season, I informed Nancy Robinson (officer of deposits and withdrawals),I would like to withdraw my balance ,setting at 4300 +,and that I would not be playing any Sports until the 09 Football season .
Well that was around April 8th, and after a several calls to Lennie and Nancy ,I could see that nothing was being sent to me, even through May ,and up until June this year. So once again I made call after call to Lennie and Nancy,wanting an explanation !The two both claimed they were having serious trouble with their prossessor ?I reached Lennie on his cell phone (Nancy no longer is reachable) in mid-June,and I asked him straight up"are you going to honor this debt",he said he was ,and then I asked him to" give me his word" ,he also agreed to that !I do have what I believe is concrete evidence of my claim .I then waited about 10 days to hear some positive news,nothing happened,also, Lennie is no longer answering his phones ?
I then send an email to Cascade Sportsbook in late June, informing them.... I will tell the whole story to a National known Sports Forum ,viewed by thousands of followers,and one that most likely, will embarrass Cascade to the extent they will lose many customers, maybe their entire business ! This, I will do ,unless I am paid by July 6th, 09,or at the very least ,informing me that you are making arrangements for the payoffs !
The figure now stands at 4000.53. Of course I heard nothing ,now I am reaching out to SBR for help!"

SCAM Alert:

07/04/2009 05:02 PM

7/4/2009 5:02:16 PM -

Shilbet

07/01/2009 10:58 PM

7/1/2009 10:58:41 PM -

Shilbet not paying or answering winner emails

06/28/2009 11:30 PM

6/28/2009 11:30:20 PM - Player #1 Comments

Hello SBR, As I can see you have written already on your site 2 costumers have had complaining regarding the match between Equador - Argentina. I aswell placed the bet as this fulltime outcome where they had odds (decimal) 4 on Equador. I placed a relative big ammount but then after they finished it they changed it to a halftime bet.

Call me stupid but I have also used them after that episode cause have received some money through moneybookers, so it is not all fake. The latest is that I placed a bet between Francesca Schiavone VS Michelle Larcher de Brito here I
placed xxx $ on outcome 1. She won 2-0 i sets. So the bet was definetly won.( Here I took a screenshot so I have evidence) But after over 24 hours ( enough time for them to figure out what way to cheat me, they changed the names so it looked like my bet, 1. Was now Michelle Larcher de Brito. ( This they can do every single time.) I really think this is a fraud company.!!

What can I do, cause as I wrote I have my screenshot).

Player #2 Comments

I deposited 150$ and they gave me 15$ bonus...without asking.I placed a bet and won 540 bu when i tried to withdraw received the same message...that i must make a rollover of (150+15)*7...I understand not to let me withdraw the bonus...i dont even want it...but I should be able to withdraw my money. I made the rollover
anyway..with some minimal odds of 1.01...because there is nowhere specified what the odds for the turnover should be....but they mailed me that the odds are two small...still not told me what odds I should use...Until yeserday on their site it said they where registered to IBAS, and all the conflicts will be solved by them, but then I mailed IBAS and they told me they have no such thing shilbet in their evidence, and forced them to remove all material regarding IBAS...I also mailed gambling commission but, the same answer...they couldn't find where shilbet is registered at

PremierRacebook enters the SBR rating Guide at F

06/27/2009 11:06 PM

6/27/2009 11:06:58 PM -

Shilbet SCAM: Evidence of fraud mounts

06/26/2009 09:38 PM

6/26/2009 9:38:05 PM -

Oddsmaker (SBR rating D-)

06/23/2009 10:28 PM

6/23/2009 10:28:58 PM -

Shilbet (not rated) players submit screenshots suggesting Shilbet has purposely graded wagers wrong.

06/22/2009 06:12 PM

6/22/2009 6:12:50 PM -

SBR reader reports LegendRacebook.com

06/20/2009 11:01 PM

6/20/2009 11:01:59 PM -

SCAM ALERT: Imposter sportsbook site from Apex Sportsbook owner

06/19/2009 11:49 PM

6/19/2009 11:49:48 PM -

Oddsmaker.com steals $8,500 in winnings from player

06/18/2009 08:27 PM

6/18/2009 8:27:09 PM -

$500 free play offer sent to player:

From: vip@oddsmaker.com
To: vip@oddsmaker.com
Subject: Get Your $500 Free Play Now!
Date: Fri, 22 May 2009 12:25:56 -0400

Since you’re obviously reluctant to try us out, and we’re convinced you’ll be happy with us once you do, simply open an account at www.oddsmaker.com (no credit card required) and email us your username and we’ll add $500.00 to your account so you can try our site risk free!

If after that you feel comfortable enough to make a deposit with us, we will then give you a 100% Real Money Match Bonus on your first deposit up to $1000.00.

Take us up on the offer………...you’ve got nothing to lose!

Here again are some of our VIP benefits:
•Exclusive VIP Number and Personal VIP Host
•VIP Trips to Las Vegas and the Caribbean
•Superior Tickets to Top Sporting Events
•Withdrawal Priority for Faster Payouts
•Special Birthday & Holiday Bonuses
•Premium Restaurant Certificates
•Unlimited FREE Withdrawals
•Generous Cash Comps

*Bonus has a 5 times rollover requirement, can’t be played in the Poker Room, and cannot be withdrawn for 30 days.
*THIS OFFER IS NOT VALID FOR ANYONE WHO ALREADY HAS AN ACTIVE ACCOUNT WITH ODDSMAKER.COM

Sincerely,

Anthony Stewart
1-866-509-6664
vip@oddsmaker.com

SunValleySportsbook enters the SBR rating Guide at F

06/16/2009 10:51 PM

6/16/2009 10:51:54 PM -

PlayTraders enters SBR rating guide at D-

06/15/2009 07:05 PM

6/15/2009 7:05:34 PM -

MetroSportsbook enters SBR rating guide at F

06/13/2009 11:19 PM

6/13/2009 11:19:30 PM -
Other F rated sportsbooks in the Apex Family
999LuckyDay
AlohaSportsbook
AmericasBookie
Apex Sportsbetting
Apex Sportsbook
Bet33
CanadasBookie
Euro14
LasPalmasSportsbook
LegendSportsbook
OceanSportsbook
RealVegasCasino
TotalBets

Defunct Apex Sportsbook (SBR rating F) back online

06/12/2009 07:58 AM

6/12/2009 7:58:03 AM -

MinnesotaCasino enters the SBR Rating guide at D-

06/08/2009 02:24 PM

6/8/2009 2:24:03 PM -

Dimeline Sportsbook (SBR Rating D+) threatens to confiscate player’s funds because he made negative comments about the book

06/04/2009 07:26 PM

6/4/2009 7:26:31 PM -

GoldVictory no-pays continue; LGA of Malta states it is taking legal action

06/03/2009 05:57 PM

6/3/2009 5:57:07 PM -

EZBets Sportsbook (SBR rating D-) cancels players winning NBA wager

05/29/2009 08:33 AM

5/29/2009 8:33:55 AM -

Sister books, Sportsbetting.com, Racebook, and Win4Real (SBR rating C-) confiscate player's winnings and deposit

05/28/2009 10:55 PM

5/28/2009 10:55:17 PM -

Players in need of sportsbook assistance are asked to write to help@sportsbookreview.com. Alternatively, players may submit a sportsbook complaint form, or dial 1-830-255-4677 during normal business hours to speak with a disputes analyst.

Evebet (not rated) voids player's four month old winning wager

05/25/2009 03:18 PM

5/25/2009 3:18:17 PM -

VegasSammie added to the SBR Rating Guide at F under the GameCities Group

05/24/2009 11:24 PM

5/24/2009 11:24:29 PM -

BetCities and IrishGambling enter SBR Rating Guide at F

05/23/2009 11:39 PM

5/23/2009 11:39:30 PM -

"When I first saw GameCities, I was a little skeptical. I've always wanted to setup my own online casino but I didn't have the money or technical experience to pull it off. But because the investment requirement was so small, I decided to give GameCities a try. I was pleasantly surprised at the quality of my casino site and this quality is paying off so far. I've been getting a 600% profit for every dollar I've invested to promote my site. I don't know where else you can get a return like that."

Angela - Play City Inc.

"I wasn't looking for an investment and I'm not an entrepreneur. However, I did bet on sportsbook regularly. When I found out about GameCities, it was clear to me that they had a great product. For less than I was spending in a typical day as a player, I could OWN my very own sportsbook! And now, I'm making more as an owner than I ever did as a player. A LOT more! I still wager on my own site from time to time but ownership is where the real money is!"

Sam - AllTeam Sportsbook Corp

"I stumbled across GameCities.com from playing at a casino built by them. I really enjoyed playing at that casino and I decided to check out who built the site. As an online entrepreneur, the GameCities offer was a no-brainer. Anyone who's done their research knows that it takes at least twenty thousand to build an online casino. With GameCities, I get a fully functional casino for just $500 and the quality is much better than my previous casino site which cost me $25,000. What a waste of money that was...I just wished I'd found GameCities earlier."

Duane- BetCities Inc

"I truly believe that you can make a lot of money with GameCities. If you put a little time and money into marketing your casino, the returns can be enormous. I run banner ads and even do some none-Internet advertising and I'm making about $7,200 for every $1,000!"

Frank - Korea Jackpot Ltd

"I have finally gotten my website active (hotplayerscasino) and I LOVE IT!!! I am getting ready to start promoting it like it is going out of style, I am very very pleased. Again thanks so much"

Michael Senteno

BetCities Sportsbook (not rated) confiscates player's winnings

05/21/2009 09:05 PM

5/21/2009 9:05:24 PM -

Player vs. Win4Real (SBR rating C-)

05/18/2009 03:14 PM

5/18/2009 3:14:57 PM -

DimeLine Sportsbook confiscating winnings and bonuses from winning players

05/13/2009 07:57 AM

5/13/2009 7:57:30 AM -

Player comments:
"I was not sure if you recieved this as I was not sent a copy, so I am sending again just in case.

I deposited here about six weeks ago when they had a bonus offer through an affiliate site called bestbonusmoney.com. I asked the customer service manager Robert whether I qualified for the bonus and he said I did. The bonus was 100% cash bonus which had a 10 times rollover on deposit and bonus. I deposited 500 dollars and received 500 dollar cash bonus and I began to wager.

I wagered mainly on baseball moneyline as this was where the limits were highest, at 500 dollars per bet. I did use a site called sportspunter.com just to give me a feel for what were the more competitive odds on their site, but I did not in any way try to catch them out on out of line odds. I just placed my bets all at once, not trying to catch quickly changing prices or anything like that.

About three weeks ago my bets started to get limited but I was still able to get around 350 dollar bets on. At the same time I read on bookmaker review some comments about dimeline which made me uncomfortable there and I began to make a more concerted effort to finish off the wagering there, betting around 750 dollars a night. I have since discovered that most of my bets did not contribute to the wagering as they had changed the terms of the bonus so that mlb moneyline bets did not count.

On Friday 1st of May I was unable to log into my account. After asking several times for information I was sent this email: "

Dimeline has temporarily suspended your account.

The primary reason is that your betting style emulates the style of a syndicate player that is in collusion with other players. This has resulted in the manipulation of our betting lines wherefore other players we have yet to identify may be able to take advantage in a way we are unable to manage. In addition, we have identified several other accounts that a.) have been referred by you or are a referral of a referral of yours and/or b.) come from the same region of the world and which emulate this same professional style.

As stated in our bonus policy - bonuses are for recreational players only. This is clearly stated on our Homepage as well as in the Bonus section. To us, it is clear that you know full well you are a professional bettor and would normally NOT qualify for the bonus. Yet we can understand that you would try and obtain the bonus. Therefore, you must understand our designation of your account as a professional and therefore that you NOT qualify as clearly stated in the policy.

Robert Wilde (CS Manager)
Dimeline Sportsbook

"I was told I could speak to a risk manager later that day and I spoke to someone from dimeline for about an hour. The guy claimed that I was betting on only steam plays and was acting in a way that was the same as many other people originating from the UK who were placing large bets on the same out of line odds.

He did not appear to have any specific information about my own bets, and I had the impression that he was making assumptions about my wagering. He said that he believed that I was part of a UK collective trying to manipulate their odds and catch them out. This is not true, although I am unfortunately from the UK which appears to be working against me.

I admitted to using an odds comparison site to check which of their odds were the better ones. He said that this made me a professional and not entitled to the bonus. I said that I did not believe this made me professional but this just led to an unproductive discussion of semantics.

The most important issue of course was payment. He was closing my account down and he said that he was recommending in his report to the boss of Dimeline on Monday that it would be fair to pay me half of the money in my account only plus my original 500 deposit. I had about 5400 dollars in my account at the time of it being suspended so this would mean a significant loss. I told him that if he had decided to close my account, that I should receive all of my account balance minus the 500 bonus which was their investment. He disagreed but said it was not his decision to make.

I was told that I would be communicated with regarding their decision on Monday the 4th of May. However I have not received any email or phone call from them since. It has now been 7 days since my last communication. I tried their live chat on Monday but the rep said she had no knowledge of the matter but someone would get back to me. They could not tell me when. I emailed them on Tuesday and have had no response.

I have been unable to get onto their chat since Tuesday, which makes me believe either that my ip has been blocked or they have changed their system so that only those logged in can access chat.

I have held off from making this complaint until now because I was waiting for their decision which may have been potentially favourable. Now that a week has gone by without communication I am seriously concerned about all of my funds here, and so I hope that you will be able to make some progress in helping me attain a positive resolution or at least the best resolution possible."

PhillyCasino enters the SBR rating Guide at D-.

05/09/2009 11:13 PM

5/9/2009 11:13:47 PM -

BasketballBettingGames enters the SBR Rating Guide at F.

05/06/2009 11:19 PM

5/6/2009 11:19:25 PM -

SCAM ALERT: AlohaSportsbook enters the SBR Rating Guide at F

05/03/2009 11:26 PM

5/3/2009 11:26:04 PM -

Scam Alert: Beware of SBGglobal Kentucky Derby Bonus Offers

05/01/2009 04:47 PM

5/1/2009 4:47:19 PM -

Iwager (SBR rating D-) cancels player's wagers; blocks account history

04/30/2009 07:34 PM

4/30/2009 7:34:52 PM -

Gold Victory (SBR rating F) no-pay complaints fill the SBR mailbox.

04/29/2009 02:11 AM

4/29/2009 2:11:51 AM -

IndyCasino enters the SBR rating Guide at D-

04/26/2009 11:01 PM

4/26/2009 11:01:57 PM -

SCAM sportsbook Houstonbet (SBR rating F) adds new website VietnameseSportsbook

04/24/2009 11:06 PM

4/24/2009 11:06:33 PM -

SBG Global Sportsbook unjustly cancels Formula 1 World Championship bets

04/22/2009 01:23 PM

4/22/2009 1:23:26 PM -

Gold Victory (SBR rating F) no-pay complaints filed at faster pace as players take notice of new website notification

04/16/2009 08:47 PM

4/16/2009 8:47:02 PM -

GoldVictory (SBR rating D-) Sportsbook off-line

04/15/2009 08:56 PM

4/15/2009 8:56:26 PM -

GoldVictory (SBR rating D-) removes most sports markets

04/14/2009 09:56 PM

4/14/2009 9:56:48 PM -

SCAM Update: Houstonbet (SBR rating F) hosted and serviced by same operation that owned stiff sportsbook, LazerWager (SBR rating F).

04/13/2009 06:42 PM

4/13/2009 6:42:07 PM -

SCAM Alert: New fraud sportsbook Houstonbet targets Vietnamese-speaking players.

04/11/2009 01:47 PM

4/11/2009 1:47:24 PM -

HighRollerSportsbetting enters the SBR Rating Guide at F

04/09/2009 11:52 PM

4/9/2009 11:52:27 PM -

SCAM Alert: Bet506 Sportsbook

04/06/2009 12:06 AM

4/6/2009 12:06:36 AM -

GoldVictory downgraded to D; sportsbook's response suggest internal business issues

03/31/2009 11:50 PM

3/31/2009 11:50:38 PM -

Gold Victory (SBR rating D+) states it is unable to fill four week-old withdrawal requests.

03/29/2009 09:42 PM

3/29/2009 9:42:26 PM -

Sports Betting & Handicapper Scam : SBR investigates

03/28/2009 03:44 PM

3/28/2009 3:44:36 PM -

Sportsbook.com (SBR rating D-) backtracks on plans to repay balance confiscation victims

03/24/2009 10:25 PM

3/24/2009 10:25:09 PM -

bwin (SBR rating C) refuses to refund confiscated NBA wager winnings

03/17/2009 09:41 AM

3/17/2009 9:41:17 AM -

BetDOS enters SBR rating guide at D-

03/16/2009 10:37 PM

3/16/2009 10:37:50 PM -

AustraliaCasino enters the SBR rating Guide at D-

03/14/2009 08:44 PM

3/14/2009 8:44:42 PM -

New SportsbookUSA (SBR rating F) victims learn they will likely not be paid

03/08/2009 11:47 PM

3/8/2009 11:47:17 PM -

CrystalCasino enters the SBR Rating Guide at D-

03/07/2009 11:57 PM

3/7/2009 11:57:00 PM -

JonWood Gaming (SBR rating F) off-line

02/25/2009 10:41 PM

2/25/2009 10:41:27 PM -

MDcasino enters the SBR rating Guide at D-

02/24/2009 11:02 PM

2/24/2009 11:02:59 PM -

Fiestabet confiscates players winnings after concluding two players are working together

02/20/2009 01:32 PM

2/20/2009 1:32:52 PM -

BetGolf enters the SBR rating Guide at D-

02/19/2009 10:03 PM

2/19/2009 10:03:57 PM -

Player vs. GameBookers (SBR rating B-)

02/16/2009 08:26 PM

2/16/2009 8:26:07 PM -

GoToCasino (SBR rating D-) player told sportsbook does not have funds to pay

02/13/2009 10:33 PM

2/13/2009 10:33:13 PM -

CasioAsia enters the SBR rating Guide at D-.

02/04/2009 11:10 PM

2/4/2009 11:10:53 PM -

BetFred confiscated freeplay winnings

02/02/2009 07:27 PM

2/2/2009 7:27:23 PM -

ThePointSpread Sportsbook enters the SBR rating Guide at F

02/01/2009 11:02 PM

2/1/2009 11:02:04 PM -

Numerous Sportingbet complaints received

01/30/2009 11:09 PM

1/30/2009 11:09:46 PM -

WagerWeb (SBR rating C) continues to rough sharp players

01/26/2009 06:54 PM

1/26/2009 6:54:32 PM -

JapanCasino enters SBR Rating Guide at D-

01/25/2009 11:58 PM

1/25/2009 11:58:16 PM -

DailyDime enters the SBR rating guide at D-

01/24/2009 01:58 PM

1/24/2009 1:58:30 PM -

No-pay exchange AllSportsMarket (SBR rating D-) closes

01/17/2009 11:55 PM

1/17/2009 11:55:20 PM -

Statement:

January 16, 2009
An open letter to the traders, investors and all who trusted in this idea and the
people behind it.
Some of you joined us in the very early days of Wartrade.com, some in the beta
stage of ASM and others at all points along the way. For the benefit of all, I will
start this story at the beginning and cover all the major points along our path
that led us to this day.
In early 2001 with the help of a close friend who is a great programmer, we
decided to try and develop a direct trading platform that would be an .exchange
in a box. conforming to the order entry and crossing protocols that I became
familiar with during my experience as a day trader in the late 1990s. After
becoming intensely fascinated with the workings of the stock markets and the
ability to have a trading desk on Wall Street from your bedroom, I began to
wonder if such a system could be developed to run on a PC-based server and
accessed by a web browser. We worked through the intricate logic of how orders
were crossed and if such a feat were possible. During many months of study, we
decided that the technology did exist and we should give it a try. The first
question was to determine what type of instruments we would trade. We settled
on the idea of creating fictional companies with real-world type profiles and a
random news generator to simulate actual events. Once the trading engine and
platform were completed, we created a family of sample companies and opened
up the trading for .free play. using Wartrade Dollars. The initial results were quite
impressive and through the trading of our players we were able to debug and
perfect the trading engine. After several months of free play, we decided to reset
the system and apply real money. Just prior to this, we commissioned a law firm
to study the business model and assess the legal position. The outcome was that
no such product had been developed before and we were in new territory.
Without any specific prohibition, we moved ahead with allowing players to
deposit real funds. The free play site was quite active but once real money was
involved we discovered that the market performed very poorly. No matter what
was tweaked or changed, nothing seemed to have a positive effect on the
market.s performance. It was then that we discovered the fatal underlying flaw
that was somehow completely overlooked. No matter how objective and random
the news generator and other simulation efforts functioned, there was a basic
major flaw. The news and reality simulation information was being generated by
our platform. There was no verifiable way to prove the legitimacy and lack of
manipulation of this market data. That coupled with the mere fact the companies
didn.t exist in the first place was an unspoken major concern in the minds of all
on the platform. In the end, very few clients actually deposited real money or
traded on the live platform. The business never took off and was not even close
to commercially viable. We did accomplish something substantial, however.
Through the development of Wartrade and operation of the beta and live
markets, the backend, engine and trading platform were completed and
functioned well. All of this is pretty amazing when you consider that this all began
with some copy paper, colored pencils, two guys and a flurry of detailed emails
over many months. Through some chance meetings and discussions, the next
project was born as an extension of what was already done. That is what became
AllSportsMarket®.
During this period, I had some experience developing business systems and
software architecture for the booming sportsbook industry. I had never even
heard the term .sportsbook. prior to this time and didn.t even know what it was.
I was told by an associate that the key element we were missing was the
objectivity of the events and news surrounding the instruments we were trading.
This was not a problem we would encounter if building a market around sports.
Having experience as a day trader in the stock market, it made sense that we
could take what we had done with Wartrade and combine it with sports teams. It
was apparent to me that the market for gambling on sports was enormous and
the only remotely similar product was a bet trading site called BetFair.com. We
speculated that we could create a better product that would combine the
elements of a stock with .betting. on sports in the form of a new financial
instrument. We would adapt the Wartrade engine and create a new product and
a new market. While Wartrade was still operating, we began development of
AllSportsMarket®.
AllSportsMarket® was started up in the same fashion as Wartrade using .play
money.. Many of the same traders opened accounts on the new beta ASM. We
ran this system for a number of months to get a feel for what worked and what
did not. The interest in the ASM beta far exceeded the Wartrade beta and we had
the strong feeling that we had found something. Without any significant
advertising or public relations, we soon had thousands of accounts. They were
pouring in from sportsbooks, sports chat forums and all types of sources from all
over the world. This gave us an even better audience to test and retest the
systems. Through this entire development period, substantial capital investments
were made by the main partners as neither platform had ever made a profit. In
early 2004, we made the decision to reset the AllSportsMarket® platform and go
live with real money. The market opened for worldwide real-money trading on
August 9, 2004. The reaction was immediate and strong. This was a far different
experience than Wartrade and we felt sure that ASM would become a sustainable
business. Several months into live operation, it was apparent that Wartrade had
no future. The decision was made to terminate it.s operations and transfer
accounts to ASM. Even after the Wartrade site was shut down, we left public links
allowing anyone who held a paid account to transfer to ASM and included
bonuses for doing so. When a sufficient period of time had past and no further
requests came in from legacy Wartrade clients, it was shut down and terminated.
That left us to focus full-time on ASM.
Without the benefit of any major marketing or public relations, ASM took off like
a rocket. In fact, it became very hard to control. We quickly discovered the need
to emplace surveillance and monitoring tools along with elaborate systems to
keep an eye on the activities. For the first time, I truly understood the need for
regulation. There were many battles inside and outside ASM on how we should
approach this topic. Some totally free market thinkers said we should take a
completely hands-off approach and let things settle where they may. Others
favored controls and anti-manipulation policies to maintain a fair and orderly
marketplace. I was always of the position that controls must be put in place. In
the early days of a totally free market system, it was much like the .Wild West.
and an .anything goes. attitude prevailed. I studied this over a long period of
time digging deeply into the market and watching the activity. What I saw was
very unsettling. Syndicates quickly formed between the larger players and
amateur hackers spent their days and nights finding holes in the system they
could exploit for profit. Groups would invite innocent new traders into the
marketplace with false appearances only to fleece them causing them to be
disheartened and disappointed. This produced a revolving door of new clients. It
was much like sending your Grandmother through a dark alley at midnight. I
knew that we would never be able to build a fair and balanced market while this
was allowed to continue.
At approximately the same time, we became aware of the need to make markets
to provide liquidity. This is something that is done in all Government Regulated
markets and is especially important in startup markets. Elaborate algorithms were
developed and tweaked to fill in the gaps and operate like market makers in the
Regulated markets. It didn.t take long for the unsavory types to begin unwinding
these moves and .baiting. the automated market makers for their personal gains.
Since we, as a company, were funding this making of markets, this became a
small capital leak that became a river. At this point in time (2005-2006), the
market was so active that it was hard to keep an eye on everything. I now truly
understand the mammoth task that Government Regulators have in trying to
monitor and control these gigantic capital markets. The futures market, for
example, trades more than FIVE TRILLION DOLLARS per day. Imagine trying to
keep an eye on that. This .cat and mouse. game required the inventing,
reinventing and perfecting of a growing set of market analysis tools. Ultimately
we were able to track every trade right down to the actual PC used to make it.
That opened a whole new world for us and spawned the creation of the STCC
(Sports Trading Compliance Commission).
The STCC is an internal group charged with addressing alerts and interpreting the
reports generated by the system. What we found was astounding. Many of the
traders had multiple accounts with some holding 10 or more and running them
all from the same computer. The market was being manipulated in ways that we
never imagined. It became a first priority to clean this up and restore order to the
marketplace. At approximately the same time, banking regulations began to
change. Our banks were asking us if we knew the identity of our clients. The
banking Regulators now required them (the banks) to .know their client.s client..
Our primary bank requested a personal meeting with the top director where we
were asked to outline how our business operated. This was the birth of the
disclosure forms (Know Your Customer) and increased identity requirements. It
was imperative that we identify our clients with the same level of information
detail as if they opened the account directly with the bank. I saw this as welcome
news because it would certainly add to the legitimacy of our market operations
and probably result in less fraud and duplicate accounts. At that point, we began
applying these disclosure requirements to all trading accounts. While most
welcomed this, a select noisy few made a huge fuss over this new requirement.
After closer inspection of their account records, the reason was obvious. The
reaction was unimportant. This was a banking regulation that we must follow.
It became very clear to me that we were quickly evolving into the product of our
stated mission. However, there was a very important critical piece missing,
positive legal certainty. That began my personal search for a Regulatory regime
that would accept our platform (or some modification) and fill in this final
important element to achieve our goals. We studied many different areas of the
World but it didn.t take long to realize where to go. While our platform was
accessible worldwide and we made no special efforts to market to any particular
Country, the vast majority (75%+) of traders were located in the United States.
This was the .fork in the road. and cause of much internal discussion and
argument inside ASM. I was absolutely certain that if we continued on our
present path without legal certainty, it would end in disaster. There was simply no
way we could continue to operate in a quasi-legal condition and access the U.S.
market. The decision was made to go directly to the source for answers:
Washington, D.C.
It would become first priority to seek out a Regulatory framework in which ASM
would fit. To make a long and expensive story short, it was finally determined that
the present platform and product could not achieve Regulatory status. This is due
primarily to the dividend payment system triggered by the outcome of individual
matches. While the ASM sports derivative architecture was absolutely fascinating
to the Regulators in Washington, it would never achieve status and would
probably run afoul of Federal and State anti-gaming statutes. So, we decided to
deploy all available resources on developing a product that WOULD conform to
the Regulatory requirements and be tradable on the global exchanges. This costly
economics and legal work has been going on for about 2 years now and we are
engaged at the highest level directly with standing Government Regulators,
attorneys and economists. Through endless emails, conference calls and trips to
D.C., we finally perfected that formula. This new product is called the
SportsRiskIndex
®. It is a cash-settled index futures contract that provides
estimates for the relative value of sports teams (in terms of USD) using a
proprietary formula we developed in conjunction with our team in Washington.
The final tested version was sent in for a provisional patent on December 22,
2008 and remains confidential until the utility filing later this year. Presently we
are about 90% complete with the Regulatory process to receive authorization to
trade. The reason this product can achieve Regulatory status and the present
ASM instruments cannot is primary due to the game related payment events in
the structure. The new instrument behaves like a stock and does not contain any
match win/loss data. It is designed to reflect the financial health of a team much
like an equity stock on NYSE or NASDAQ. The difference here is that there is no
direct connection to the assets or liabilities. It is essentially a .synthetic stock.. We
held very productive meetings with MLB (right up to the President), NHL and
phone conferences with the NBA. The NFL has not yet been approached. So far
all have been favorable. We held preliminary discussions with MLB and NHL to
discuss a revenue sharing program that would provide direct financial benefit
from the trading of instruments on their respective teams in return for
promotion. This has all been very well received so far. So, we are working
through the final 10% with the Regulators and working on establishing
partnerships with existing contract markets to carry our products. If all this goes
as planned, the SRI® will be trading later this year. That brings me back to
AllSportsMarket®.
About 18 months ago, we formally requested an opinion on what should be done
with the existing market. We were told it could continue to operate provided we
didn.t allow U.S. clients to open accounts. So, for over a year we have blocked
U.S. persons from opening accounts. This has had the effect of making the
business unviable by effectively removing 75%+ of the market. All of our
resources have been directed to the development of the U.S. market products
and the SRI® leaving nothing to promote ASM or effectively adapt it to the
needs of the remaining 25% market share. On top of this, the U.S. company has
borrowed over $1.3 million dollars from a single partner to stay on top of ASM
and continue the work on the Regulated marketplace. This gentleman.s
dedication and commitment to this project cannot be understated. He is truly an
unsung hero of this entire odyssey. Thrown in with this entire process, we have
endured system failures, a fire at the hosting facility, money processor failures
and a host of losses caused by the undetected (until too late) fraudulent activity
of some traders. In spite of all this, we still managed to complete the
development of the SRI®, file it for patent and complete 90% of the Regulatory
process. All of this has cost millions of dollars, over 7 years of dedicated effort,
many sleepless nights and a great deal of stress and strain. But, the product is
done and the permission to operate nearly complete.
Each of you that purchased ASMA1 holds a share in Rainforest Internet Providers,
S.A. (a private investment corporation). Rainforest holds 1 share in Crystal World
Holdings, Inc. (DE.) for each share it issued. This gives you a direct pass-through
1:1 ownership in the U.S. holding company, the SRI® and all other intellectual
property and the future Regulated market operations. Your ASM cash balance
and sports derivative inventory will be exchanged (free of charge) for common
stock in CWH. So, if you have ASMA1 and a portfolio with cash and/or sports
derivatives, you will own ASMA1 (indirect holdings of CWH) and CWH as direct
ownership of the common stock. This will represent a complete liquidation of
your ASM account.
Those of you that did not purchase ASMA1 will have your account cash balances
and/or sports derivative inventory exchanged for CWH common stock at no
charge. This will represent the complete liquidation of your ASM account.
The exchange rate and legal details will be followed up soon. Additional
information and instructions will continue to be posted in the provided link.
The time has come to terminate operations at AllSportsMarket® and move on to
the Regulated marketplace and build The New Sports Economy®

Question from the SBR mailbag

01/16/2009 11:51 PM

1/16/2009 11:51:06 PM -

GoToCasino (SBR rating D-) player confirms receiving portion of his withdrawal today

01/15/2009 11:09 PM

1/15/2009 11:09:06 PM -

Players at scam sportsbook SportsbookUSA (SBR rating F) giving up on funds

01/12/2009 11:06 PM

1/12/2009 11:06:42 PM -

Beware of Bet911 (SBR rating D-) offers

01/11/2009 11:14 PM

1/11/2009 11:14:22 PM -

On-lineSportsbook.com (SBR rating D-) website domain expires

01/09/2009 07:47 PM

1/9/2009 7:47:58 PM -

Two On-LineSportsbook (SBR rating D-) players file new payout complaints

01/06/2009 11:54 AM

1/6/2009 11:54:00 AM -

Owner of Apex Sportsbook (SBR rating F) scam building new sportsbook, BetPinoy

01/05/2009 11:46 PM

1/5/2009 11:46:51 PM -

SSP International (SBR rating F) player reports new one year no-pay

01/04/2009 08:42 PM

1/4/2009 8:42:15 PM -

HawaiiCasino enters SBR Rating Guide at D-

01/03/2009 11:07 PM

1/3/2009 11:07:57 PM -

Bet911 sportsbook player receives payment prior to more delays

12/21/2008 11:32 PM

12/21/2008 11:32:41 PM -

Worldwidebet is added to the SBR rating guide at F

12/20/2008 12:20 AM

12/20/2008 12:20:19 AM -

BetGun (SBR rating D+) players report sportsbook confiscation

12/16/2008 05:42 PM

12/16/2008 5:42:55 PM -

BamaSportsbook enters SBR Rating Guide at D-

12/12/2008 07:34 PM

12/12/2008 7:34:02 PM -

GoToEntertainment and On-LineSportsbook also new sportsbook sites indexed under the GoTo Group in the SBR Rating Guide.

12/08/2008 12:14 AM

12/8/2008 12:14:21 AM -

Parier.net enters the SBR Rating Guide at D-.

12/05/2008 07:19 PM

12/5/2008 7:19:27 PM -

Oddsmaker (SBR rating D-) freezes player's account after $8,000 withdrawal request

11/30/2008 11:42 PM

11/30/2008 11:42:45 PM -

Newly rated scam sportsbooks taken off-line

11/26/2008 11:13 PM

11/26/2008 11:13:00 PM -

2003Betting (SBR rating F) closed

11/24/2008 08:59 PM

11/24/2008 8:59:06 PM -

MalvernSports enters the SBR Rating Guide at D-

11/23/2008 11:31 PM

11/23/2008 11:31:14 PM -

Oddsmaker (SBR rating D-) bonus scam costs another player $1,500

11/20/2008 01:27 PM

11/20/2008 1:27:06 PM -

SouthernWagers (not rated) stalls player's $3,300 payment since October 6th

11/19/2008 07:14 PM

11/19/2008 7:14:10 PM -

New sportsbook CashBox98 from owner of F rated sportsbook, Bet33

11/15/2008 09:44 PM

11/15/2008 9:44:22 PM -

SBR mailbag

11/14/2008 11:05 AM

11/14/2008 11:05:09 AM -

Scam sportsbook BetChance (SBR rating F) back in business

11/12/2008 10:25 PM

11/12/2008 10:25:20 PM -

RCSbet enters SBR rating guide at F

11/11/2008 02:40 AM

11/11/2008 2:40:31 AM -

RCSbet (not rated) player complains of being owed $5,450 for six months

11/09/2008 11:01 PM

11/9/2008 11:01:24 PM -

RevolutionaryPoker Sportsbook enters the SBR rating guide at F

11/07/2008 10:49 PM

11/7/2008 10:49:38 PM -

SBR Justin reports: BetSuperior player balance confiscation

11/06/2008 08:52 PM

11/6/2008 8:52:28 PM -

JackDaddysSportsbook enters the SBR rating guide at F

11/03/2008 10:23 PM

11/3/2008 10:23:43 PM -

New post-up sportsbook coming from owner of F rated sportsbook, Bet33

11/01/2008 05:09 AM

11/1/2008 5:09:27 AM -

PokerSouls enters the SBR rating guide at F.

10/30/2008 09:10 PM

10/30/2008 9:10:13 PM -

Bet1128 (SBR rating D+) player complains the sportsbook confiscated his balance of over $37,000 Euros the week of August 24, 2008

10/28/2008 07:42 PM

10/28/2008 7:42:59 PM -

ClicknGamble & Capilleira scam continues

10/22/2008 11:21 PM

10/22/2008 11:21:33 PM -

BestHockeyBetting enters the SBR Rating Guide with an F rating.

10/21/2008 07:32 PM

10/21/2008 7:32:57 PM -

AverageJoeBets enters the SBR rating guide at F

10/14/2008 09:06 PM

10/14/2008 9:06:54 PM -

BroburySports enters the SBR rating guide at D-

10/08/2008 11:06 PM

10/8/2008 11:06:32 PM -

New MayaGaming (SBR rating F) player complains of waiting for $2500 for two months.

10/04/2008 03:49 PM

10/4/2008 3:49:42 PM -

PlayFast (SBR rating F), sister sportsbook of no-pay scam BetCascade (SBR rating F), copies SBR article and claims affiliation with SportsbookReview.com.

10/03/2008 11:01 PM

10/3/2008 11:01:50 PM -

SCAM ALERT: LazerWager (SBR rating F) operation taking wagers through live dealer online casinos

10/01/2008 06:26 PM

10/1/2008 6:26:14 PM -

Sportingbet (SBR rating C-) refuses to grade Russian soccer wagers placed over six months ago.

09/30/2008 11:17 PM

9/30/2008 11:17:37 PM -

Deposit-only sportsbook MayaGaming (SBR rating F) nabs new victim

09/29/2008 09:17 PM

9/29/2008 9:17:23 PM -

OnyxSports, an Evolution Sports Data Processing sportsbook, enters the SBR rating guide at F

09/28/2008 11:13 PM

9/28/2008 11:13:11 PM -

LazerWager folds with player funds; parent company scams continue

09/27/2008 03:11 PM

9/27/2008 3:11:19 PM -

AllSportsMarket (SBR rating D-) homepage online again

09/25/2008 11:20 PM

9/25/2008 11:20:17 PM -

Scam Alert: Palacebet.com (SBR rating F-) back online.

09/21/2008 10:17 AM

9/21/2008 10:17:21 AM -

BettingStar24 (SBR rating D) reopens; players advised to withdraw funds

09/20/2008 06:55 AM

9/20/2008 6:55:01 AM -

SpyCasino (SBR rating F) sportsbook closes with player funds

09/14/2008 12:36 PM

9/14/2008 12:36:43 PM -

AllSportsMarket (SBR rating D) website off-line; player complains of 8 month no-pay

09/09/2008 04:12 PM

9/9/2008 4:12:46 PM -

USDbet (SBR rating F) officially closed

09/04/2008 11:27 PM

9/4/2008 11:27:54 PM -

MaxOnlineSolutions enters the SBR rating guide at D-

09/01/2008 10:50 PM

9/1/2008 10:50:11 PM -

BetFirstClass (SBR rating D) software and host provider identified as BetBones Max.

08/29/2008 01:23 AM

8/29/2008 1:23:33 AM -

No-Pay Sportsbook back online

08/27/2008 11:35 PM

8/27/2008 11:35:30 PM -

Question from the SBR mailbag

08/18/2008 11:48 PM

8/18/2008 11:48:02 PM -

SCAM ALERT: BetCascade-operated PlayFast launches sportsbook

08/11/2008 10:35 PM

8/11/2008 10:35:30 PM -

BetChance sends a "client contract" to owed players

08/05/2008 07:47 PM

8/5/2008 7:47:37 PM -

BY VIRTUE OF THIS PRIVATE AGREEMENT WHICH IS BEING DRAWN UP, MADE AND CONCLUDED FOR ALL INTENTS AND PURPOSES OF LAW ON THIS THE NINETH (9TH) DAY OF JULY OF THE YEAR TWO THOUSAND AND EIGHT (2008) AND IS BEING SIGNED BY ALL PARTIES HERETO IN FULL ADHERENCE TO AND ACCEPTANCE OF ALL THE TERMS AND CONDITIONS STIPULATED THEREIN, there appear, on the one part:-
1. ____________________ _____________________, son of ____________________ and of ____________________, born in ____________________ and residing at ____________________, holder of an identity card number ____________________ who is appearing hereon for and on behalf and in representation of Betchance Limited a limited liability company incorporated in terms of Maltese Law on the 5th of August 2008, having its registered office situated at 13, Tumas Fenech Street, Birkirkara, Malta, company registration number C-34885, duly authorised in virtue of the Memorandum and Articles of Association of the company, hereinafter referred to as ‘Betchance’ which expression includes where applicable any and all other subsidiaries or any holding company or any other company/ies forming part of the Betchance Group; and
on the second part:
2. ____________________ ____________________ son/daughter of ____________________ and _______________nee` __________ born in ____________________, and residing at …………………………………………………………., of __________ nationality, holder of passport number …………………………, hereinafter referred to as the ‘Client’.

THE PARTIES PREMISE AS FOLLOWS:-

(A) The Client is a creditor of Betchance as is evidenced from the web-site situated at www.betchance.com account number ……………; and
(B) The Client had requested the reimbursement of the said monies deposited with Betchance; and
(C) Betchance is presently in grave financial difficulties and is not in a position to reimburse the Client immediately all the monies held in the above-mentioned account; and
(D) Betchance being aware of its responsibilities towards the Client and, at the same time, also conscious of the necessity of proposing a settlement that is both equitable and fair towards the Client, has proposed to the Client the option of choosing between two (2) different modalities of payment, the first being that of receiving and accepting in full and final settlement twenty five per cent (25%) of his/her credit immediately by no later than thirty days from when a signed copy of this agreement is received, the second option being that of receiving the full amount due within twenty (20) months from today; and
(E) The Client, willingly, after having duly considered the two suggested modalities of payment, and after having duly consulted with his/her legal advisor/s, has informed Betchance that he/she has opted for and of his/her own free will chosen the second option; and
(F) In view of the above, the parties hereto wish to formalise the arrangement and understanding reached between them by means of this present private agreement (hereinafter referred to as the ‘Agreement’).

NOW, THEREFORE, THE PARTIES HERETO UNDERTAKE AND AGREE AS FOLLOWS:-
1. Betchance undertakes and agrees to reimburse the Client the full amount due to him/her resulting from the above-mentioned account, amounting to [censored] [censored] within a maximum period of twenty (20) months from today. During this period of twenty (20) months the Client undertakes and agrees not to initiate or otherwise take any legal proceedings of whatsoever nature against Betchance.

2. It is expressly agreed and understood between the parties hereto that the payment of the credit due to the Client in terms of clause 1 above is being done and effected by Betchance and accepted by the Client in full and final settlement of any and all claims of whatsoever nature by the Client against Betchance and, accordingly, in particular, but without prejudice to the generality of the foregoing, in full and final settlement of the Client’s total credit against Betchance (which credit includes both the capital and interest incurred to date) and in full and final settlement of all Betchance’s obligations and undertakings towards the Client in virtue of the terms and conditions indicated in the above-mentioned web-site situated at www.betchance.com as also in full and final settlement of any and all claims including those for damages or losses or other similar claims by the Client against Betchance and/or against its shareholders and/or directors. It is being expressly declared and understood between the parties hereto that the said payment is being effected as agreed without, in the most absolute of manners, any admission of liability, responsibility and/or guilt on the part of Betchance or of its shareholders and/or directors.

3. The Client undertakes and agrees to forward to Betchance an authorised true copy of his/her identity card or passport by not later than the ____________________.
(N.B. also attach a copy of the witness’s passport or identity card).

4. This Agreement contains the entire understanding between the parties with respect to the subject-matter hereof, supersedes all previous agreements and understandings between the parties with respect thereto, and may not be modified except by an instrument in writing signed by the parties hereto and/or their duly authorised representative/s.

5. If any clause of this Agreement is held by any Court, tribunal or other competent authority to be void or unenforceable in part, this Agreement shall continue to be valid as to the other clauses thereof and such nullity or unenforceability shall not, in the most ample of manners, affect the applicability and enforceability of the remainder of the Agreement. Without prejudice to the above, in the event that any portion of this Agreement is held to be void or unenforceable, the parties agree to negotiate in good faith to reach an equitable agreement that shall put into effect the intention of the parties as originally set forth in this Agreement.

6. This Agreement is to be construed and interpreted in accordance with the Laws of Malta and, accordingly, Maltese Law will be the only applicable Law thereto.

I, the Client, agree
Account number ………………………
Name and signature …………………………………….

Witness to signature and identity
Full name........................
Signature............................

Oddsmaker (SBR rating D-) promotion stings new player

08/03/2008 11:48 PM

8/3/2008 11:48:37 PM -

Portlandbet (SBR rating F) stealing funds; website now off-line

07/29/2008 11:28 PM

7/29/2008 11:28:23 PM -

ExtremeBet enters the SBR rating guide at F

07/27/2008 11:40 PM

7/27/2008 11:40:51 PM -

Betway (SBR rating F) slow-paying players

07/25/2008 11:31 PM

7/25/2008 11:31:05 PM -

SCAM Alert: GoRake enters the SBR Rating Guide at F

07/23/2008 11:34 PM

7/23/2008 11:34:58 PM -

Betway continues to steal player winnings; players report theft of deposits

07/22/2008 11:33 PM

7/22/2008 11:33:05 PM -

Player files $500,000 complaint against BetRoyal (SBR rating D-)

07/21/2008 11:43 PM

7/21/2008 11:43:27 PM -

Vegas-Sportsbetting Player reports no-pay dating back to September 2007

07/19/2008 10:41 PM

7/19/2008 10:41:06 PM -

Oddsmaker (SBR rating D-) refuses to settle wager dispute

07/17/2008 11:08 PM

7/17/2008 11:08:12 PM -

All-Sportsbook enters the SBR Rating Guide with an F rating.

07/15/2008 11:41 PM

7/15/2008 11:41:47 PM -

New player reports frustration with no-pay sportsbook, LazerWager (SBR rating F)

07/14/2008 11:50 PM

7/14/2008 11:50:22 PM -

Golden8Sports enters SBR Rating Guide at F as part of Atlantic West Gaming Group

07/06/2008 11:44 PM

7/6/2008 11:44:20 PM -

BetWay continues to confiscate winnings; lowered to D

07/04/2008 02:36 PM

7/4/2008 2:36:14 PM - .

BetChance (SBR rating F) wagering offline

07/02/2008 08:39 PM

7/2/2008 8:39:57 PM -

New Bet911 (SBR rating D-) player complains of stalled payout

06/28/2008 11:57 PM

6/28/2008 11:57:28 PM -

OrlandoSportsbook added to the SBR Rating Guide at D

06/27/2008 11:34 PM

6/27/2008 11:34:49 PM -

BookTheBet (SBR rating F) player reports new no-pay case

06/26/2008 11:47 PM

6/26/2008 11:47:53 PM -

New Live Betting Odds Service, LinesMover, operated by 4SportsPicks (SBR rating F) management

06/25/2008 06:53 PM

6/25/2008 6:53:21 PM - .

Nine new withdrawal complaints filed in 2008 from Europlay players

06/24/2008 09:42 PM

6/24/2008 9:42:04 PM -

BetChance (SBR rating F) player reports that the sportsbook informed him it will close

06/23/2008 06:34 PM

6/23/2008 6:34:20 PM -

1SportWagering enters the SBR Rating Guide with an F rating

06/22/2008 11:15 PM

6/22/2008 11:15:49 PM -

USAsportsbook enters the SBR rating guide at F

06/21/2008 11:25 PM

6/21/2008 11:25:09 PM -

New sportsbook, PokersDNA, enters rating guide at F

06/18/2008 10:51 PM

6/18/2008 10:51:08 PM -

1LuckyGambler enters the SBR rating guide at D-

06/17/2008 11:22 PM

6/17/2008 11:22:55 PM -

Scam book USDbet (SBR rating F) soliciting new players in cannot pay.

06/16/2008 10:22 PM

6/16/2008 10:22:53 PM -

Oddsmaker cancels winning bets; cites bonus terms

06/14/2008 10:56 PM

6/14/2008 10:56:15 PM -

New player victim to sportsbook impersonator

06/13/2008 11:48 PM

6/13/2008 11:48:38 PM -

Third Enterbet (SBR rating D) reports slow-pay in two months

06/11/2008 09:21 PM

6/11/2008 9:21:22 PM -

GamblingSaloon (SBR rating F) closes with player funds.

06/09/2008 10:14 PM

6/9/2008 10:14:21 PM -

KingsTreasureCasino enters the SBR Rating Guide at F

06/08/2008 11:24 PM

6/8/2008 11:24:04 PM -

BetWay (SBR rating D+) confiscates earned free-play winnings

06/07/2008 11:35 PM

6/7/2008 11:35:07 PM -

Bet911 no-pay and no response; downgraded to D-

06/05/2008 11:56 PM

6/5/2008 11:56:32 PM -

InstantActionSports (SBR rating C) sportsbook confiscates earned bonus, winnings

05/29/2008 09:49 PM

5/29/2008 9:49:30 PM -

BetCascade Scam continues over one year later

05/20/2008 08:36 PM

5/20/2008 8:36:17 PM -

JustForBettors, ClicknGamble & BetCasinoAndSports downgraded from D- to F.

05/16/2008 11:00 PM

5/16/2008 11:00:39 PM -

Capilleira Group sportsbooks reach SCAM status

05/15/2008 06:17 PM

5/15/2008 6:17:39 PM -

Logans enters the SBR rating guide at D-.

05/14/2008 09:41 PM

5/14/2008 9:41:04 PM -

Ebets enters the SBR rating guide at D-.

05/13/2008 09:47 PM

5/13/2008 9:47:48 PM -

Futurebet sportsbooks to survive lethal partnership?

05/12/2008 07:57 PM

5/12/2008 7:57:16 PM -

Slow-paid Enterbet (SBR rating D) player receives $250; put on payment plan

05/11/2008 09:44 PM

5/11/2008 9:44:14 PM -

BetUS (SBR rating D+) informs player of $18,300 confiscation

05/07/2008 02:12 PM

5/7/2008 2:12:00 PM -

DunHillCasino head for hills with player funds

05/04/2008 09:04 PM

5/4/2008 9:04:26 PM -

BetSBI (SBR rating D+) fails to pay scammed players after repeated promises

05/03/2008 03:13 PM

5/3/2008 3:13:46 PM -

BetChance (SBR rating D-) scam continues after scattered payouts

05/01/2008 08:33 PM

5/1/2008 8:33:23 PM -

FruitnLoot casino launched by Apex scam owner

04/27/2008 10:51 PM

4/27/2008 10:51:32 PM -

Bet29 (SBR rating F) website off-line

04/23/2008 06:23 PM

4/23/2008 6:23:09 PM -

BetOnSportsbook enters the SBR Rating Guide with an F rating.

04/21/2008 10:06 PM

4/21/2008 10:06:35 PM -

BetCasinoAndSports, new Capilleira sportsbook, enters the SBR rating Guide at D-

04/20/2008 09:51 PM

4/20/2008 9:51:17 PM -

PitBossPlayer, second F rated Futurebet book to enter the rating guide this week.

04/19/2008 08:06 AM

4/19/2008 8:06:39 AM -

SCAM Alert: BetBig247 enters the SBR Rating Guide at

04/17/2008 10:19 PM

4/17/2008 10:19:34 PM -

No-Pay book, LazerWager (SBR rating F) continues to advertise while stalling owed players

04/16/2008 07:35 PM

4/16/2008 7:35:33 PM -

SCAM ALERT: New DunHillCasino (SBR rating F-) victim

04/13/2008 08:52 PM

4/13/2008 8:52:26 PM -

Originally posted 3/31/08
--------------------------------------------------------------------------

Phony Handicapper’s Scam Involving Sportsbook Atlantisbets Takes Online Sportsbettors to the Cleaners

SportsBookReview.com issues an urgent alert for players to be wary of fake handicappers working together with scam sportsbook Atlantisbets to defraud players.

Willemstad, Curacao—SportsBookReview.com (SBR) has issued a ‘Bettors Alert’ urging players to be wary of a scam involving phony professional scam-dicappers who share their bogus ‘hot picks’ with the victim, while steering players to no-pay sportsbook Atlantisbets. An earlier warning published as a newswire at SportsBookReview.com saved one player from losing $5,000 to this con, but unfortunately, additional victims have come forward.

Here is how the scam works: The scammer poses as an expert handicapper and establishes a bond with the prospective bettor. Then the bettor is lured into a partnership with the capper, with the ‘expert” providing the picks and splitting all winnings 50/50 with the player, who is steered toward opening an account at Atlantisbets. The bettor is coaxed into making a series of deposits, depending on how far the cappers can string them along, with the assurance that any funds lost to losing bets will be reimbursed. Players are also told that any money they deposit will be matched by the cappers who have an abundance of “promotional money.” By the time the scam falls apart, the bettors account is drained and the capper becomes unreachable. No-pay book Atlantisbets will then deny having anything to do with the scam.

SportsBookReview.com first alerted players to this operation on February 13, 2008 and a few days later a player wrote in that he was in the midst of the scam when he read the alert. The player had an Atlantisbets account with $5,000 already deposited but was able to stop a Western Union payment on an additional $5,000.

Another was not quite so lucky. “Atlantisbets.com is a big fraud scam,” he wrote. “They took me to the cleaners for thousands of dollars. This was a hard lesson for me to learn, but I don't want what happened to me, happen to anyone else.” A full version of this player’s particular nightmare can be found here.

SBR’s Bill Dozer commented, “Unfortunately using touts to execute the scam is fairly common. Once the capper makes contact with the newbie bettor, he works on gaining his trust and misleads him until the time is right. The deposit is never a cold sell. The book makes believe they aren't in the picture and when the scam goes awry, the tout’s cell phone goes dead.”

SportsBookReview.com advises all online sportsbettors to fully research any sportsbook before making a deposit. SBR publishes timely newswires on industry events and provides a searchable news archive and forum as well as the most comprehensive sportsbook rating guide available on the Internet.

Bet1128 (SBR rating C-) voiding wagers after lines change in player's favor

04/08/2008 11:20 PM

4/8/2008 11:20:02 PM -

BookYourBet (SBR rating F) player requesting payouts for one month

04/06/2008 08:53 PM

4/6/2008 8:53:23 PM -

New brand from Futurebet operation, BetEmBig (SBR rating F) traps new victim

04/05/2008 09:34 PM

4/5/2008 9:34:13 PM -

New BetOnUSA (SBR rating D-) player comes forward with claim for $29,000

04/05/2008 01:58 AM

4/5/2008 1:58:32 AM -

Sportsbook.com's SportFanatik (SBR rating D-) player accepts $10 free-bet bonuses; book confiscates $820

04/01/2008 11:04 PM

4/1/2008 11:04:46 PM -

Online Scam sportsbook to use new brand to lure victims?

03/31/2008 08:25 PM

3/31/2008 8:25:51 PM -

--------------------------------------------------------------------------

Phony Handicapper’s Scam Involving Sportsbook Atlantisbets Takes Online Sportsbettors to the Cleaners

SportsBookReview.com issues an urgent alert for players to be wary of fake handicappers working together with scam sportsbook Atlantisbets to defraud players.

Scam alert on DunHillCasino

03/29/2008 12:37 AM

3/29/2008 12:37:01 AM -

SCAM Alert: LazerWager (SBR rating D-) marketing to new players it cannot pay

03/22/2008 09:22 PM

3/22/2008 9:22:01 PM -

Warning: BookYourBet (SBR rating D-) back online

03/21/2008 05:58 PM

3/21/2008 5:58:30 PM -

BigJuicyOdds (SBR rating F) sportsbook ownership tells management "the tap has been turned off." BJO off-line.

03/17/2008 01:48 PM

3/17/2008 1:48:16 PM -

MyMoneyCashier scam report prompts stiff processor to resurface

03/15/2008 10:03 PM

3/15/2008 10:03:58 PM -

SBRforum members discuss CreditWagering

03/14/2008 04:37 PM

3/14/2008 4:37:05 PM -

LinesMaker (SBR rating C-) and Sports (SBR rating D-) give player back confiscated funds.

03/11/2008 06:30 PM

3/11/2008 6:30:41 PM -

Sports.com (SBR rating D-) and Linesmaker (SBR rating C-) close player's accounts; confiscates $1,765

03/10/2008 05:36 PM

3/10/2008 5:36:27 PM -

No-pay sportsbook, BetCascade (SBR rating F) managing to attract new depositors

03/06/2008 06:17 PM

3/6/2008 6:17:33 PM -

No-pay bookmaker Bet29 (SBR rating D-) takes website off-line

03/05/2008 08:55 AM

3/5/2008 8:55:39 AM -

SBRforum Poster Tiger432, latest victim of Atlantisbets (SBR rating F), warns others

03/03/2008 06:41 PM

3/3/2008 6:41:15 PM -

03/01/2008 08:35 PM

3/1/2008 8:35:56 PM -

SBR visits LazerWager (SBR rating D-) office to discuss withdrawal issues

02/29/2008 06:57 PM

2/29/2008 6:57:40 PM -

AtlantisBets (SBR rating F) scam lands new victim

02/27/2008 11:37 PM

2/27/2008 11:37:45 PM -

Oddsmaker (SBR rating D-) player places $50 losing parlay; book takes $1,018.75

02/24/2008 11:45 PM

2/24/2008 11:45:11 PM -

BetBeyond enters the SBR Rating Guide with an F rating

02/22/2008 11:53 PM

2/22/2008 11:53:11 PM -

Bet29 sportsbook (not rated) slow-pay

02/21/2008 11:34 PM

2/21/2008 11:34:08 PM -

SBR scam alert saves AtlantisBets (SBR rating F) victim $5,000

02/19/2008 11:26 PM

2/19/2008 11:26:12 PM -

EZ Sports Group's Vegas-Sportsbetting (SBR rating F) hitting another player with Futures bet scam?

02/18/2008 10:34 PM

2/18/2008 10:34:51 PM -

Zwinner enters the SBR rating guide at F

02/17/2008 10:34 PM

2/17/2008 10:34:25 PM -

Europlay players complain of year old slow-pays

02/14/2008 05:13 PM

2/14/2008 5:13:13 PM -

Scam Alert: No-pay book AtlantisBets (SBR rating F) involved in scam to defraud players.

02/13/2008 08:33 PM

2/13/2008 8:33:13 PM -

SCAM Alert: 8888Sports enters SBR Rating Guide with F rating under 4sportspicks Group

02/10/2008 11:16 PM

2/10/2008 11:16:35 PM -

BetemBig enters SBR rating guide

02/09/2008 11:13 PM

2/9/2008 11:13:00 PM -

SCAM ALERT: Bet-1.com

02/07/2008 01:38 PM

2/7/2008 1:38:26 PM -

AmericanFootballBetting & LasVegasBetsonline enter rating guide

02/06/2008 05:27 PM

2/6/2008 5:27:49 PM -

BetChance player receives €2480 payout

02/05/2008 08:39 AM

2/5/2008 8:39:07 AM -

Scam book owner opens racebook website

02/04/2008 09:42 PM

2/4/2008 9:42:40 PM -

AceCity enters the SBR Rating Guide at D-

02/03/2008 11:22 PM

2/3/2008 11:22:58 PM -

MyMoneyCashier operated by VIPBetZone (SBR rating F-) Scammers

01/30/2008 09:15 PM

1/30/2008 9:15:03 PM -

Gaming processor MyMoneyCashier.com closes operation; owes multiple sportsbook

01/29/2008 05:28 PM

1/29/2008 5:28:39 PM -

Scam Alert: 877eWinner & ForSportsPicks

01/29/2008 03:18 PM

1/29/2008 3:18:52 PM -

Payments recorded from insolvent sportsbooks

01/28/2008 06:17 PM

1/28/2008 6:17:21 PM -

MonkeyBet (SBR rating F) owner abandons sportsbook

01/25/2008 08:35 PM

1/25/2008 8:35:57 PM -

PokerPoka enters the SBR Rating Guide at D-.

01/23/2008 06:45 PM

1/23/2008 6:45:16 PM -

First payout activity observed from BetChance (SBR rating F) in nearly five months

01/22/2008 11:06 PM

1/22/2008 11:06:59 PM -

DimeLine Sportsbook (SBR rating D) players complain of new payout delays

01/21/2008 07:03 PM

1/21/2008 7:03:00 PM -

Sportsbook.com Group steals $5,677 from player

01/11/2008 08:39 PM

1/11/2008 8:39:42 PM -

Oddsmaker (SBR rating D-) voids player's $800 winnings from free $100 promotion

01/10/2008 10:36 PM

1/10/2008 10:36:34 PM -

--------------------------------------------------------------------------------------------------------

Terms: Free $100 Specific Terms and Conditions
For clients who are eligible for the free $100 promotion you must wager the bonus a minimum of 10 (ten) times, minimum cashout is $1500, maximum cashout is $2000. Anything above $2000 will be forfeited. NO parlays or teasers are allowed, the free $100 CANNOT be used in the poker room (multi player). Customers who have not made a deposit and/or have already received the free $100 promotion (or similar bonus) are not entitled to this bonus. This offer cannot be combined with any deposits.
http://www.oddsmaker.com/terms.php#free100

Player: History: Few months ago I've received a letter via regular mail with offer to open an account and get $100 welcome bonus (free - no deposit required). It was too good to miss and I have registered, got the $100 and started betting. I was lucky and made the over $1300 for less than 3 months.

The catch: bonus rules said "For clients who are eligible for the free $100 promotion you must wager the bonus a minimum of 10 (ten) times, minimum cashout is $1500, maximum cashout is $2000. Anything above $2000 will be forfeited. NO parlays or teasers are allowed, the free $100 CANNOT be used in the poker room (multi player). Customers who have not made a deposit and/or have already received the free $100 promotion (or similar bonus) are not entitled to this bonus. This offer cannot be combined with any deposits."

The problem: I have requested withdrawal of $1000 via bank transfer but this request was declined as the rules say $1500 is the minimum. However, they also cleared my account down to $100 because one of the bets placed these 3 months was a combo?
So they took all my winnings just because of one combo bet which was placed when i already had about $900 in profit.
Have you ever heard of this before? I would accept to void the winnings from this combo bet or even to void all bets placed after that but they noticed my account was on a big profit and voided all bets since it was opened.
I am almost sure they will ignore any attempt to contact them but I will be very grateful if you help me.

BetCasinoSport (SBR rating F) closes with player funds

01/09/2008 04:28 PM

1/9/2008 4:28:05 PM -

BigJuicyOdds (SBR rating D+) poker network, Dynamic Gaming Solutions (DGS) folds

01/08/2008 10:11 AM

1/8/2008 10:11:52 AM -

Oddsmaker (SBR rating D-) & Futurebet tries to scam potential book owner under new name

12/31/2007 12:27 AM

12/31/2007 12:27:48 AM -

---------------------------------------------------------------------------------------
Ron,

You say you have 22 operators, which are all yours. I don’t understand the point of this conversation anymore, but for your satisfaction and how people would know FB and IGS is in the link below, so stop lying. It mentions clearly that FB is now IGS and that you operate from Vancouver and the person concerned had also come to visit your facility, so the fact that you still dupe people after all that is sick.

http://www.sportsbookreview.com/Search/default.aspx?Area=Site&Search=IGS

From: Ron [mailto:ron@igamingsoftware.com]
Sent: Monday, December 31, 2007 6:53 AM
To:
Subject: RE: Information

I just finished the research you have done, and you are led to believe I'm Ron , which is an employee of a separate company. Perhaps a competitor of ours led you in the wrong direction.

I have referrals if needed from operators of IGS. I have invited you to our facilities in Vancouver for your comfortability.

I have researched Futurebet and they have had issues for years in regards to player payouts, why are you concerned about IGS, as IGS is not FB, nor are they any other company.

IGS has 22 operators and futurebet has over 100.

Where are you getting your info, as its 100% incorrect?

I have all the proof you need that IGS is 100% separate company.

The only similarities is the casino product, as the casino product was purchased from the same company that Futurebet and other companies bought the source code from. However our virtual cashier and casino games are different. We have about 20 more games then they do…

I can assure you that the info online is not true, and lf you like I can put you in touch with IGS operators for your comfortability as I mentioned.

Please reply back if you would like to continue speaking further, as I will be back in the office on Wednesday, which at that time I can call you.

Please confirm

Ronny

________________________________________
From:
Sent: Friday, December 28, 2007 9:29 PM
To: Ron
Subject: RE: Information

Dear Ron,

I just read some reviews about FutureBet, Ron , now IGS, and also your past records. I don’t know what to say, almost fell for your scam. Anyways you have ll the right resources and networks, why don’t you try running things without cheating people you could actually make a lot of money legitimately.

If you get serious about these things let me know, Il help you make money the right way.

Take it easy!

From: Ron [mailto:ron@igamingsoftware.com]
Sent: Saturday, December 29, 2007 2:38 AM
To:
Subject: RE: Information

Hi Sir

You would be your own operators, and IG will provide you with services such as merchant banking, processing, Player support, and technical support.

You will bring in your own affiliates, as our software supports affiliates for each operator.

Yes, IG is credited, and has some of the fairest games online to the player.

Because of the nature of the business I cannot provide you with names and phone numbers to our operators, as this business is very confidential, however I will contact a couple of them to see if they are willing to talk with you. I would recommend that in the future, for you not to give your name and phone number out to anyone, specially before meeting them in person.

In regards to you incorporating your self, I can lead you in the right direction, and we can speak more about this next week.

Attached is the contract for you to view.

Ronny.

________________________________________
From:
Sent: Friday, December 28, 2007 12:08 AM
To: sales@igamingsoftware.com
Subject: Information

Dear Ron,
Thanks for calling and giving me the brief information. As per our conversation yesterday I was expecting the agreement draft from your end. Also the price list along with the breakup.

I was going through some other websites as well where I noticed that you ll had your own gaming sites, such as www.oddsmaker.com which was the example that you sent me and about 19 more. If this is the case, that creates conflict of interest.

Another question I had in mind was, would I be an affiliate of yours or a separate company with an individual license not a sub-licensee of yours, and if so, you didn’t mention any incorporation charges for the company, and the related banking, merchant account, company account information.

Could you please clarify these points.

I had 2 more questions. Is iGaming Software TST accredited, and also could you give me reference of other operators, or casino owners for who you provided the complete turnkey solution.

Thanks

Regards,

BetChance no-pay complaints continue to roll in

12/23/2007 10:43 AM

12/23/2007 10:43:49 AM -

PremierSportsbetting listed at F in the SBR rating guide as part of the Apex Group.

12/15/2007 11:52 PM

12/15/2007 11:52:41 PM -

BetCasinoSport phones down, slow-pay

12/10/2007 11:43 PM

12/10/2007 11:43:45 PM -

SCAM ALERT: 88Sports

12/09/2007 11:23 PM

12/9/2007 11:23:17 PM -

Sports Betting Scam

12/07/2007 11:23 PM

12/7/2007 11:23:41 PM -

Premiumbettor (SBR rating F) closes; stiffs player $17,500

12/05/2007 07:51 PM

12/5/2007 7:51:09 PM -

Scam sportsbooks to go off-line

12/03/2007 06:13 PM

12/3/2007 6:13:45 PM -

Scam Alert on WagerNascar

12/02/2007 09:49 PM

12/2/2007 9:49:29 PM -

USDBet player reports no-pay complaint

11/28/2007 11:39 PM

11/28/2007 11:39:12 PM -

Playing24Hours (SBR rating F) snags $64,200 from victim; closes website, phones

11/27/2007 08:22 PM

11/27/2007 8:22:40 PM -

HansaBet (SBR rating C) closing sportsbook; plans to void bets

11/26/2007 08:52 AM

11/26/2007 8:52:58 AM -

Important Notice

11/26/2007

Please be advised that as from Dec 1st we regretfully inform you that we will no longer be offering our Sports Wagering service. With the tremendous growth experienced in our Poker and Casino business we plan on focusing our dedicated customer service, full attention and internal resources on bringing you the best possible product, customer service and support in the industry.

This in no way will affect our Poker and Casino/Side Game offerings, which will still be available to you 24 hours a day, 7 days a week. If you have any questions or comments please do not hesitate to contact our customer service department.

Please note :

Any pending wagers that cannot be settled by November 30th will be voided, and the stake will be refunded to your account.

We would like to thank you for your understanding and cooperation in this matter, and wish you the Best of Luck.

BraveBeeSports enters SBR rating guide

11/25/2007 11:48 PM

11/25/2007 11:48:21 PM -

NYCsportsbook, EZbets downgraded to D-

11/24/2007 11:58 PM

11/24/2007 11:58:03 PM -

Sportsbook.com (SBR rating D-) steals $10,000 from player claiming he was abusing bonuses

11/23/2007 04:08 PM

11/23/2007 4:08:53 PM -

Newly rated sportsbook SportsPlayingClub (SBR rating F) already scamming players.

11/22/2007 09:49 PM

11/22/2007 9:49:42 PM -

SafariCasino, MayanSports, BetTheGlobe upgraded

11/21/2007 06:24 PM

11/21/2007 6:24:42 PM -

SportsPlayingClub enters the SBR rating guide at F

11/20/2007 11:39 PM

11/20/2007 11:39:05 PM -

originally published 5/22/2007 06:56 PM
SportsCallCenter F.A. refuses to assist scammed player. SportsCallCenter F.A. claims it has nothing to do with scam operation PalaceBet (SBR rating F) saying it only services the website. However, Placebet is hosted on SportsCallCenter F.A. servers, uses SportsCallCenter F.A. clerks and handles all financial transactions for the "sportsbook owner." The player as well as SBR has contacted SportsCallCenter F.A. management verifying they are aware of the situation and asking for assistance in recovering the player's deposit, which SportsCallCenter F.A. had picked up via Western Union. Management refused to refund the user's deposit claiming the player must speak to the off-site third party that referred him.

PlayersBigWorld (SBR rating F) players unpaid

11/18/2007 11:47 PM

11/18/2007 11:47:58 PM -

Globet (SBR rating D+) still taking losing bets after games are over

11/15/2007 04:23 PM

11/15/2007 4:23:29 PM -

Scam alert on new EZ Sports sportsbooks

11/12/2007 11:55 PM

11/12/2007 11:55:40 PM -

Sportsbook.com (SBR rating D-) confiscates $10,000, cites free-play bonus abuse

11/11/2007 01:26 AM

11/11/2007 1:26:04 AM -

More Futurebet Group sportsbooks off-line

11/04/2007 11:39 PM

11/4/2007 11:39:36 PM -

Linesmaker.co.uk (SBR rating D+) closes, says Futurebet claiming insolvency

11/03/2007 11:25 PM

11/3/2007 11:25:25 PM -

Oddsmaker (SBR rating D-) confiscates $1,500 balance

11/02/2007 11:44 AM

11/2/2007 11:44:01 AM -

Dimeline (SBR rating D) "bailing out" Dimeline?

10/31/2007 11:08 PM

10/31/2007 11:08:16 PM -

Sportsbook.com complaints grow

10/30/2007 11:00 PM

10/30/2007 11:00:38 PM -

HiRollerbets (SBR rating F) wagering off-line

10/28/2007 09:50 PM

10/28/2007 9:50:28 PM -

Online Gambling SCAM: Big World Casino Sportsbook Rated F

10/26/2007 01:04 PM

10/26/2007 1:04:06 PM -

Futurebet on verge of collapse; Online Gambling Scam SportsbookUSA to F

10/26/2007 08:56 AM

10/26/2007 8:56:59 AM -

New sportsbook, BetSportsInc tied to no-pay book BetCascade (SBR rating F)

10/25/2007 06:51 PM

10/25/2007 6:51:19 PM -

Futurebet sportsbook owner tells story from inside no-pay scam

10/24/2007 08:38 PM

10/24/2007 8:38:13 PM -

Quite Frankly, FutureBet Sucks
My name is ***** ******* and I wanted to share my story regarding FutureBet, located in Vancouver . This story is written for anyone who would be dumb enough to become a FutureBet licensee or gamble on one of their websites. Before we get started, understand this, you will lose EVERY PENNY OF YOUR INVESTMENT if you open a FutureBet site. To the gamblers out there, avoid any FutureBet site, as they don’t pay winners. Quite frankly, FutureBet sucks.

FutureBet provides anyone wanting to run an online casino a turnkey solution to do so. They will build your site, license you the gaming software, act as the payment processor, provide customer support and provide a variety of technology tools such as software to set bonuses, the payout rate on the slots, email utilities to mail all your players, among others. Both the gaming software and the management platform are really good. No problems there. In fact, this is how the get licensees to sign up. Their stuff looks and functions really well.

During the summer of 2003, a friend from the UK called me to discuss starting a new business. We had started a CD ROM programming shop in Manchester during the late 80’s, made a lot of money, and had fun working together. He said that poker was exploding in the UK and wanted my thoughts on starting a gambling website, with the emphasis being on poker.

We spoke with FutureBet in Vancouver and another firm in Central America whose name escapes me as we wanted a turnkey technology solution so we could focus on customer acquisition and relations.

We contacted FutureBet and were called immediately by Mr. Ron Katz, who described his position as Director of Business Development. I flew to Vancouver to check out the operation. This was in late 2003. Ron is likely one of the two owners of FutureBet.
Ron explained that they provided technology for 70 sites. He explained that their poker platform was 3 months from completion and that he would provide us with sports and casino gaming now, and add poker in three months. The monthly fee to us would be 30% of the monthly hold(gross profit)for sports and casino games. We could have anyone build the website, or they would do it for $30K. Since they had no documentation on how to implement their gaming platform and various APIs, we figured it was easier to have them do it, as they had done 70 already. Ron also explained that they would handle all payment processing and withdrawals. The payment processing fees for credit cards, Neteller, etc would come out of our cut.
Before I met Ron, I did some research and found some negative press on Black Banana Casino, a FutureBet operator who was out of business. I asked about this, and Ron explained that Black Banana had offered no limit gaming, with no real reserves. He said they had some big winners and couldn’t pay and that FB was getting bad press. Ron said that we would have to keep limits to only $500 per bet, or put up a reserve. We said we’d keep it at $500. Today there is a lot of negative press on FutureBet, but back then there was very little, other than the Black Banana stuff. The only other thing would could find negative was that they were spamming all the Usenet groups, trolling for new licensees.

We asked about how much money the other sites were making and Ron said the worst performing sites were making $25K a month, net and that the best were making over $200K+ a month. This is completely untrue. I have heard of one FutureBet site making at most $25K a month. 90% of the sites generate little to no revenue and the reality is that most of them make $0, as FutureBet doesn’t pay the licensee.
We setup the business in the UK . When we got the contract from FutureBet we noticed that the contract was for a Nevis company. This is important to realize, as that makes FutureBet virtually impossible to sue in North America .

Business exploded at first. A bookie in NYC knew one of the partners in the business and sent us all his action, in exchange for a 50/50 cut, as he was tired of taking phone calls. Within a month we had hundreds of big players. I think by the second month of football that year, the handle(i.e. amount wagered) on the site crossed over $500K.
We had a few big winners. One player won $10K in one month and a few others in the low thousands. We had not been in communication much with FutureBet but we wanted to make sure they were going to pay the big winner his $10K. Because we were negative that month, they said no. If they really had 70 sites all making over $25K a month, I wouldn’t think this float would be a big deal for them, but the partnership was new so went ahead and paid the guy out of our own bank account.
We had other winners too of course and we would occasionally check the system to monitor withdrawals. We seemed to hit spots where things would slow down and start taking weeks, which was odd as we all bet on Pinnacle and that only took a couple days. When pressed, FutureBet blamed one of their payment processors for not paying them. We were then forced to pay big winners out of our own bank account, for fear of pissing them off. We were simply digging a bigger and bigger hole for ourselves.

Fast forward to 2006, we stopped paying the winners out of our own pocket by this time, as FutureBet was rarely paying us. This really hurt our business as by now the NYC crowd was getting very angry regarding slow payments, and word spread around their group that our site was paying slow. They also complained daily about the poor customer support which FutureBet provides via phone or online chat. They said the people were clueless and would never give straight answers regarding their withdrawal status.

Later in 2006, we noticed withdrawals were taking over a month. The story from FutureBet at this time was that they had a credit card processor in the Philippines who had stolen $700K of their money and that they were going to pay everyone, but that it would just take time. FutureBet always has a new excuse for problems like this. At this point, our $500K a month handle had dropped like a rock as people were leaving us in droves. We were completely caught between a rock and a hard place. If we paid winners ourselves, we would probably never see the money again. If FutureBet paid our customers, the payments were taking months sometimes, resulting in people never coming back.

One thing a prospective licensee should realize is that FutureBet takes well over two-thirds of the money the site generates. First, there is the 30%(sports and casino) to 40%(poker) on the gross. Then, they charge approx 10% per deposit for processing, which they claim to be a pass through. Then they make you hold 10% of all deposits in an escrow account as your reserve, which you don’t see for six months. Then there are hosting fees and free money charges, where they calculate their commission on free money lost by the player.

The bottom line is that you really have no money left for marketing, once you give up about over two thirds of your gross margin to FutureBet. The business model doesn’t work, except for FutureBet.

A summary of how FutureBet makes money
•        Fees for building FutureBet websites($30K is usual)
•        Royalties on all profits(30% of hold on sports and casino and 40% royalty on Poker)
•        Processing Fees, and Reserves. They claim this is a path through, but there is margin in all of this.
•        Not paying winners. They take deposits but don’t pay winners.
•        Not paying licensees. Licensees have not seen a dime in 2007.

As of March 2007, we couldn’t find a single licensee who has been paid a dime in 2007. We shut down our site in March, as it seemed hopeless.

You can’t run a site like this without a good amount of marketing, but who would pony up money for marketing expenses when FutureBet will never pay you? What’s really troubling is that players are simply not being paid. If you deposit a dollar into a FutureBet site today, you are basically giving it to FutureBet.

We tried to run an honest book! We paid people out of our own pockets, many, many times. Our total investment of $100K, when you include marketing and other expenses, is down the toilet. The site is now run by FutureBet completely and we have nothing to do with it anymore. If you want to figure out if an online site is run by FutureBet, look at at sportsbookusa.com – the same sportsbook betting card and casino games are used at all the sites. SportsbookUSA is actually owned by FutureBet, not a licensee.

One humorous aspect of FutureBet is that the “management team” seems to change every six months. The CFO changes, the licensee VP changes, etc. I think FutureBet actually talks legitimate business people into taking jobs there, but they all bail when the figure out the deal. Ron Katz is the only constant over the past three years, and he hides from the licensees as much as possible.

The thing I still do not understand is this. Why are they crooks? All FutureBet licensees ask themselves this daily. “Are they crooks, or just really stupid”. To me, if they just paid winners fast, they might actually have 200 sites today making a lot of money. Their business model was infinitely scalable, and could have given Vegas a run for its money by basically allowing others to create skins for their platform and centralizing payment processing and customer support. The whole thing should have worked, but that’s what happens when you get into business with crooks.

BigNutzz enters the SBR Rating Guide at D-

10/23/2007 10:38 PM

10/23/2007 10:38:11 PM -

BetRoyal ends fraud investigation, steals winnings

10/21/2007 08:49 PM

10/21/2007 8:49:04 PM - SBG was asked if they wanted to continue doing business with these winning customers by both the pick service and the players' account manager. SBG management was able to review the account activity and reaffirm that they wanted to book action from these players. The house continued to lose on these plays until management froze the accounts for an "investigation." SBG is known for freezing accounts prior to confiscating funds. This tactic is used to guage backlash from users and the negative effect on current marketing investments; legitimze the claim that there may have been fraud and something to actually investigate, and to simply stall from having to deal with victims when they are most upset.

Jazette sportsbooks downgraded from D+ to D-

10/20/2007 11:00 AM

10/20/2007 11:00:01 AM -

Sportsbook.com: We will cancel winnings and pocket the losses

10/19/2007 06:13 PM

10/19/2007 6:13:35 PM -

Recently it was brought to our attention that a very small number of our customers were placing wagers which were in breach of our house rules. Most of these customers were repeatedly warned about their behavior but continued to circumvent the rules by exploiting a loophole in our system. The decision was made to remove the winnings earned from these wagers dating back to September 1st 2007.

There has been some question as to why the similar losing bets were also not cancelled or 'no-actioned'. When we reviewed the accounts in question, the bulk of wagering activity was made up of those wagers which were clearly in violation of the house rules. Any player who believes that the removal of their winnings from these disallowed bets should also apply to their losing disallowed bets can contact us at expedite@sportsbook.com for an account review. We will then contact them directly to review, bet by bet, their account history.

If upon a second review of the account the decision remains that the customer repeatedly and knowingly exploited the system in order to place those wagers, then no further action will be taken. If we are satisfied that a minority of their wagers contravened the house rules, then we will also no action any losing wagers of that type within the same timeframe.

Please note we will not discuss any individual players accounts in public forums.

We have already taken steps to prevent any such occurrence again in the future and will work closely with any affected customers to resolve this matter in a timely fashion.

Thanks for your understanding.

Sportsbetting.com will not take part in Sportsbook.com parlay scam

10/19/2007 01:23 PM

10/19/2007 1:23:28 PM -

BetRoyal (SBR rating D) locks 30 players out of their accounts citing "syndicate play."

10/18/2007 11:22 PM

10/18/2007 11:22:35 PM - Read SBRforum poster's report

editor correction: Pay-service handicapper counts 18 frozen accounts, which was confirmed by BetRoyal account manager. Five players file complaint with SBR.

USDBet claims Futurebet has frozen its funds

10/17/2007 09:25 PM

10/17/2007 9:25:57 PM -

PramidCasino SCAM

10/13/2007 11:22 PM

10/13/2007 11:22:39 PM -

Dear Mr. *******,

Thank you for playing at BetOnUSA.com

They [Sportsbook.com] have not sent anything to us. Aand I doubt they will. What saddens me is that I took a huge deal of effort to explain to their Supervisor Jim what the situation is, and they inactivated your log-ins [to sportsbetting.com, which temporaily housed the accounts during migration]?! The mere fact they did that is an act of severing the ties and an act of getting their hands clean . Like I pointed out before, we have honored your BetOnUSA funds and credited your account. If we had ill intentions of denying you of your money (either money from BOUSA and your Pyramidcasino ) we would have outrightly denied any records of anything. But we are not crooks, Mr. ******, we are honest people here at BetOnUSA. Your BetOnUSA.com is in your newly-migrated BetOnUSA.com account. Again, the Pyramidcasino funds were not migrated to us. Remember, Jim promised he will look into this. And the only development you stated so far is the de-activated your account log-ins... like adding insult to injury.
If you have any questions or comments feel free to contact our 24 hour customer support toll-free at 1-866-509-6764, via live chat or, simply reply to this email. Our customer support agents will be glad to assist you.

Sincerely,
Mr. *********

BetonUSA Supervisor

SBR collecting account information from BetCascade (SBR rating F) victims

10/10/2007 07:37 AM

10/10/2007 7:37:46 AM -

BetBones adds two sportsbooks for 2007 NFL season

10/08/2007 09:13 PM

10/8/2007 9:13:43 PM -

Player's PyramidCasino (SBR rating D-) $9,500 balance disappears

10/07/2007 11:48 PM

10/7/2007 11:48:03 PM -

131sport (SBR rating F) offline with player funds

10/05/2007 05:46 PM

10/5/2007 5:46:19 PM -

Beware of BetCasinoSport (SBR rating D-)

10/04/2007 10:44 PM

10/4/2007 10:44:02 PM -

4SportsPicks (SBR rating F) owner opens online sportsbook PlayersBigWorld

09/29/2007 03:11 PM

9/29/2007 3:11:41 PM -

Two BetChance players confirm receiving small withdrawals

09/28/2007 06:13 PM

9/28/2007 6:13:27 PM -

Beware of bonus offers from slow-pay and no-pay sportsbooks

09/12/2007 05:04 PM

9/12/2007 5:04:36 PM -

BigJuicyOdds enters the SBR Rating Guide at D-

09/10/2007 08:24 PM

9/10/2007 8:24:09 PM -

HiRollerBets enters rating guide at F

09/06/2007 11:44 PM

9/6/2007 11:44:27 PM -

BetCasinoSport soliciting players through email marketing

09/05/2007 08:45 PM

9/5/2007 8:45:01 PM -

BetChance payout complaints increase; sportsbook downgraded from D to D-

09/03/2007 11:00 PM

9/3/2007 11:00:20 PM -

Easybet, PyramidCasino merge under BetOnUSA

09/01/2007 09:07 AM

9/1/2007 9:07:21 AM -

Premierbet Sportsbook back online

08/31/2007 11:54 PM

8/31/2007 11:54:31 PM -

AztecGaming (SBR rating D) off-line for three days

08/30/2007 11:05 PM

8/30/2007 11:05:31 PM -

USDbet to be downgraded

08/27/2007 11:24 PM

8/27/2007 11:24:54 PM -

Scam sportsbook stiffs bettor

08/25/2007 02:01 PM

8/25/2007 2:01:11 PM -

I am [edit], citizen of Ukraine. I decided to approach you for assistance. I have been a client of Indonesian online sportsbook. They changed names several times. First they were called Londonbet.net, then Honeybet.net and now http://www.131sport.com. I transferred funds to them several times during last two years. My User Name and Account Number is [edit] in that sportsbook. It is still open and shows my funds that I had withdrew. According to sportsbook reviews they are an Indonesian sportsbook but located and allegedly have betting license in the Philippines. At the home page of their site they give telephone +6390629899999 (international code of the Philippines).

For some time I had no problem with them and what problems could I have if it was mainly me who sent money to them. When I requested withdrawal in October, 2006 they sent me bankwire but with great delay. When I finally got it I decided to withdraw the rest of my funds from my sportsbook account. So on April, 1st 2007 I requested withdrawal of $41,000. At that time they still were called Honeybet.net. According to their rules they should have sent bankwire to me within 3 banking days. After waiting for some time and getting nothing I contacted them via LIVE CHAT because they ignored my e-mails.

Operators calmed me down and explained delay in payment by lame excuses such as 5-day national holidays, then absence of their accountant. I began to understand that something was wrong. Finally one day they put their Honeybet.net site to maintenance and automatically redirected it to new site http://www.131sport.com/. When I asked why they changed from Honeybet.net to 131sport.com operators said that it had been their boss' decision and that this would not influence Honeybet.net clients in any way, they would automatically become clients of 131sport.com. Live Chat operators continued to calm me down saying they would transfer money as soon as construction of new site was over.

When the site had been ready at last they suddenly began avoiding contact with me. When I had entered Live Chat under my user name [edit] they simply did not answer. When I had entered under some other thought up names they answered promptly and if I confessed that it was me and asked about payment they were silent again.

At last I phoned them and man called Dave who earlier also had calmed me down by promises told me outright that they are 131sport.com and bare no responsibility for Honeybet.net. So simply by changing name they want to rob their customers (perhaps not all customers but me for sure). One thing if they would be bankrupt. There would be no question then. But they are continuing to accept bets and invite people to open accounts with them and transfer funds to them to play. They give bank instructions to fund new accounts using Bank Central Asia in Jakarta. I contacted that bank twice for assistance but they also did not answer my e-mails. I still hope to get my money back and I hope you can help me or advice what to do. Please excuse my rather detailed description of my problem and my poor English. I hope for your help very much and for your reply to this letter. Best regards, [edit]

Futurebet's G2Gbet Sportsbook stiffing users

08/23/2007 01:39 PM

8/23/2007 1:39:34 PM -

Sportsbook G2Gbet (SBR rating F) closes with player funds

08/20/2007 10:58 AM

8/20/2007 10:58:40 AM -

Scam Sportsbook BlackDog offering credit accounts

08/13/2007 10:38 AM

8/13/2007 10:38:16 AM -

LionsLounge enters SBR rating guide at F

08/10/2007 11:09 AM

8/10/2007 11:09:54 AM -

Enterbet locks three players' accounts

08/08/2007 05:39 PM

8/8/2007 5:39:58 PM -

Bets4All stalls payment due to syndicate suspicions

07/31/2007 03:32 PM

7/31/2007 3:32:56 PM -

PlanetRock Casino can not pay bettors.

07/27/2007 07:10 PM

7/27/2007 7:10:39 PM -

Player: Any assistance you could give me would be great. Your review and grade of the above mentioned thieves is right on. June 15th I reqested a $1,000 dollar withdrawal from my planetrockcasino account. To date they have only given me $500 and alot of excuses. I have $2,000 in account and I want to gradually take it all out, but I know if I reqested it all at once I would never see it. From what I gather e-wallet is in cohots with them. They charge 10% to move the money into your checking account. I've opened an account with bookmaker.com on your recommendation and so far so good, they are very reponsive. You may want to consider changing their grade from F to F-. Any help you could provide would be great.

SCAM ALERT: BlackDog Sportsbook

07/24/2007 02:09 PM

7/24/2007 2:09:14 PM -

OnlineLasVegas enters SBR rating guide at F

07/22/2007 11:03 PM

7/22/2007 11:03:55 PM -

Scam Sportsbook Launch Foiled

07/21/2007 08:15 PM

7/21/2007 8:15:36 PM -

Previous Report:

Sportsbook.la (SBR rating F) new scam sportsbook site from operators of past scams 2WagerSports (SBR rating F) and UWagerSports (SBR rating F). The book is not yet live, however SBR has issued a warning to past victims of this operation who are likely to be on the Sportsbook.la marketing list.

New Sportsbook SportsPlayingWorld enters the SBR rating guide at F

07/09/2007 03:30 PM

7/9/2007 3:30:56 PM -

Recent Reports referencing 4SportsPicks:

5/15/2007 06:21 PM

4sportspicks (SBR rating F) owner back accepting deposits and marketing under new name, Playing24Hours. 4sportspicks bounced around Costa Rica creating new debt with both players and operating providers before the site closed to the general public, serving only credit players out of the SportsCallCenter F.A. facility. The sportsbook, which also uses the domain Play24.forsportspicks.com, has been calling bettors from their old client lists offering large bonuses. Playing24Hours has entered the SBR Rating Guide at F.

5/11/2007 07:36 PM

PalaceBet: Scam sportsbook ran by Scamdicappers and SportsCallCenter F.A.
The Con: Fake professional handicappers refer players to Palacebet. The player signs up at the site and sends his deposit to PalaceBet. His balance is instantly controlled by the pro handicappers, who are referred to by the book's customer service as "the player's Sports Advisors." The bettor is then promised a line of credit so he can bet larger sums on the "advisors' syndicate picks." He is told he must cover a $4,000 transaction cost for a bank wire from the touts to his account (which never occurs since the book simply adjusts the available balance in the software) and is promised it will be reimbursed to him upon cashing out. If the player is lucky enough to survive the "syndicate picks" that are designed to eat away his bankroll, he is asked to deposit another $4,000 in transaction fees before he can have access to his funds including the money he deposited. A player who complained to SBR is told he must pay $4,000 to keep his account active after winning $20,000. PalaceBet is hosted and serviced by SportsCallCenter F.A. in Costa Rica and also services DreamWager (SBR rating D-). The operation briefly serviced 4sportspicks (SBR rating F) (until January 2007) and previously hosted defunct BigDaveSports.

4SportsPicks forum posts

BetEmpire.com off-line

06/21/2007 06:48 PM

6/21/2007 6:48:30 PM -

New SCAM Sportsbook enters the SBR rating guide

06/12/2007 11:44 PM

6/12/2007 11:44:46 PM -

BetEmpire (Empire Sportsbook) to close; won't pay players?

06/08/2007 11:07 AM

6/8/2007 11:07:56 AM -

--------------------------------------------------------
SuperiorGaming -Parent Company of SuperiorBook.com- Acquires Betempire.com

SuperiorBook.com (http://www.superiorbook.com) launches campaign to become one of the most prominent brands in the market of recreational online sportsbooks - acquires Empire Sportsbook

Netherlands, Antilles (PRWEB) June 8, 2007 -- SuperiorBook.com (http://www.superiorbook.com) has announced this week that it is in the process of absorbing all clients of Empire Sportsbook (BetEmpire.com) in a move that should provide great news for former Empire Sportsbook customers.

Because of failure to pay on the part of numerous payment processors, Empire Sportsbook is forced to close down operations. In an attempt to increase clientele and help online sportsbook players at the same time, the provisions of this merger call for SuperiorBook.com to offer all BetEmpire.com players a bailout program.

As part of this program, SuperiorBook.com will honor all Empire Sportsbook balances, applying a rollover requirement of 15 times before any withdrawal can be made.

This transition is designed to be seamless for the players and will not adversely affect anyone's play. Starting June 15, players will be able to simply log in to www.superiorbook.com using their existing Empire Sportsbook user IDs and passwords.

Players moving over to Superior Book will also enjoy the benefit of being able to use the most user-friendly software in the market (including the WagerCart application) and play in one of the world's best poker rooms (Superior Poker) and a full casino that features the innovative I-Slot (Superior Casino) and 24/7 service using the same account information.

Bolstered by a team of experienced casino/sportsbook personnel, SuperiorBook.com has a state-of-the-art, online-only business model dedicated to servicing the recreational player. Superiorbook.com has never taken telephone wagers, dealt with agents/credit players or done price-per-head services and has thus become one of the best business models in the industry.

About SuperiorBook.com: Superior Book is for sports fans who want to enjoy sports betting. Whether you're placing your first wager, or you're a more experienced player who understands advanced betting, Superior Book speaks your language with a simple yet powerful betting interface.

Our unique community of sports fans provides guidance, sports talk, and extensive posting forums and our highly trained customer service team is here to assist you at every turn. Our focus on the customer experience extends to security and confidentiality, two of our top priorities. Don't just take our word for it - click here: http://www.superiorbook.com to see how easy it is to get right into the action, spend some time reading the forums and enjoy the Superior Book experience for yourself.

VegasBettingLines.net sportsbook part of EZ Sports Scam Group

06/04/2007 05:19 AM

6/4/2007 5:19:50 AM -

BookTheBet Sportsbook Denies Player Winnings

05/28/2007 04:36 PM

5/28/2007 4:36:29 PM -

SportsCallCenter F.A. facilitates scam

05/22/2007 06:56 PM

5/22/2007 6:56:31 PM -

SBR Sportsbook Advisory: Playing24Hours

05/18/2007 06:56 PM

5/18/2007 6:56:09 PM -

Forum Topic: Play24Hours

SCAM Sportsbook 4SportsPicks back under new name

05/15/2007 06:21 PM

5/15/2007 6:21:25 PM -

Forum Topic: 4SportsPicks

LuckyStreetCasino Sportsbook may be worse than bad luck

05/13/2007 11:52 AM

5/13/2007 11:52:27 AM -

WorldBet No-Pays Continue

05/12/2007 11:11 PM

5/12/2007 11:11:37 PM -

PalaceBet SCAM

05/11/2007 07:36 PM

5/11/2007 7:36:14 PM -

3Vig announces closure

05/09/2007 06:59 PM

5/9/2007 6:59:43 PM -

SpyCasino Alert

05/07/2007 06:12 PM

5/7/2007 6:12:52 PM -

No Game for IGotGaming users

05/06/2007 03:04 PM

5/6/2007 3:04:33 PM -

USASportsCasino (SBR rating D-) in no-pay mode.

05/03/2007 10:35 PM

5/3/2007 10:35:46 PM -

BookTheBet selling player info; still can't pay customer

05/02/2007 12:42 PM

5/2/2007 12:42:48 PM -

BetCascade unable to pay players

04/27/2007 10:51 AM

4/27/2007 10:51:42 AM -

Bets4All no-pay complaints

04/25/2007 06:59 PM

4/25/2007 6:59:28 PM -

Bombabet cancels winning bet one day later

04/23/2007 08:00 PM

4/23/2007 8:00:25 PM -

EasyBet enters SBR rating guide at D

04/22/2007 11:34 PM

4/22/2007 11:34:20 PM -

GamblingDogLine enters SBR Guide at F

04/19/2007 01:11 PM

4/19/2007 1:11:26 PM -

BetUs withdrawal complaints

04/15/2007 11:43 PM

4/15/2007 11:43:11 PM -

RealVegasCasino enters SBR Rating Guide at F

04/11/2007 11:09 PM

4/11/2007 11:09:58 PM -

Sportsbooks report player attempting to impersonate SBR staff

04/07/2007 02:37 PM

4/7/2007 2:37:28 PM -

JavaSportsCasino enters rating guide at D-

04/06/2007 11:57 PM

4/6/2007 11:57:49 PM -

New 3Vig (SBR rating F-) complaints filed

04/05/2007 02:23 AM

4/5/2007 2:23:06 AM -

WorldBet (SBR rating D-) players submit 5th no-pay complaint in two months

04/01/2007 11:23 AM

4/1/2007 11:23:58 AM -

3Vig (SBR rating F-) to close with player funds

03/27/2007 04:45 PM

3/27/2007 4:45:12 PM -

3VIG (SBR rating D-) players report slow-pays

03/19/2007 10:02 PM

3/19/2007 10:02:43 PM -

Pointbet off-line

03/17/2007 09:50 PM

3/17/2007 9:50:08 PM -

FootballSportsBetOnline enters SBR rating guide at F

03/11/2007 10:24 PM

3/11/2007 10:24:02 PM -

No-Pay bookmaker, Pointbet downgraded to F

03/05/2007 10:06 AM

3/5/2007 10:06:00 AM -

SBR Scam alert on SportsbookAction24

01/29/2007 03:39 PM

1/29/2007 3:39:00 PM -

EZ Sports Group scams new victim

12/24/2006 11:56 PM

12/24/2006 11:56:00 PM -

SCAM Alert: ExecutiveSportsbookdr (SBR rating F-)

12/04/2006 01:17 AM

12/4/2006 1:17:00 AM -

Bet7Moons players still wait on funds

12/01/2006 04:09 PM

12/1/2006 4:09:00 PM -

SBG Global (SBR rating D-) confiscates $56,660 before paying a take-it-or-leave-it "settlement" in the amount of $21,000.

11/08/2006 10:58 PM

11/8/2006 10:58:00 PM -

Scam Alert: BetBones (SBR rating D-) stiffs employees and closes site

09/26/2006 06:15 PM

9/26/2006 6:15:00 PM -

Scam alert:

09/17/2006 09:44 PM

9/17/2006 9:44:00 PM -

SCAM Alert:

08/29/2006 11:09 PM

8/29/2006 11:09:00 PM -

SSP International (SBR rating F)

08/24/2006 09:48 PM

8/24/2006 9:48:00 PM -

SCAM Alert:

08/22/2006 01:53 PM

8/22/2006 1:53:00 PM -

SBR speaks with WagerWeb (SBR rating B) management

08/21/2006 06:12 PM

8/21/2006 6:12:00 PM -

SCAM ALERT:

06/18/2006 02:29 AM

6/18/2006 2:29:00 AM -

SCAM ALERT:

06/11/2006 01:12 PM

6/11/2006 1:12:00 PM -

Western Union Sportsbook SCAM claims new victim

05/30/2006 12:18 PM

5/30/2006 12:18:00 PM -

SBR Bill Dozer reports:

05/21/2006 01:50 AM

5/21/2006 1:50:00 AM -

SBR Bill Dozer reports:

03/22/2006 08:45 AM

3/22/2006 8:45:00 AM -

SBR Bill Dozer reports:

03/21/2006 04:38 PM

3/21/2006 4:38:00 PM -

SBR Bill Dozer reports:

03/21/2006 01:22 PM

3/21/2006 1:22:00 PM -

SCAM ALERT:

03/20/2006 01:04 PM

3/20/2006 1:04:00 PM -

SBR BillDozer reports:

03/15/2006 04:43 PM

3/15/2006 4:43:00 PM -

SBR Bill Dozer reports:

03/03/2006 04:09 PM

3/3/2006 4:09:00 PM -

Warning:

02/11/2006 11:51 PM

2/11/2006 11:51:00 PM -

SBR Bill Dozer reports:

01/28/2006 02:57 PM

1/28/2006 2:57:00 PM -

SBR Bill Dozer reports: WagerFree(SBR rating F-)

01/28/2006 11:33 AM

1/28/2006 11:33:00 AM -

SBR Bill Dozer reports: BetBookie and Phoenix Rising Group downgraded to F

01/27/2006 04:26 PM

1/27/2006 4:26:00 PM -

SBR Bill Dozer reports:

01/22/2006 10:31 AM

1/22/2006 10:31:00 AM -

SBR Bill Dozer reports:

01/19/2006 02:45 PM

1/19/2006 2:45:00 PM -

SBR Bill Dozer reports:

01/07/2006 11:50 PM

1/7/2006 11:50:00 PM -

SBR Bill Dozer reports: Telebet(SBR rating F-)

01/05/2006 10:41 PM

1/5/2006 10:41:00 PM -

SCAM Alert:

12/30/2005 02:19 PM

12/30/2005 2:19:00 PM -

SBR Bill Dozer reports:

12/30/2005 12:58 PM

12/30/2005 12:58:00 PM -

SBR Bill Dozer reports: Telebet(SBR rating F-)

12/26/2005 11:57 PM

12/26/2005 11:57:00 PM -

SBR Bill Dozer reports: SunsetSports(SBR rating F) players left with more questions.

12/25/2005 10:35 PM

12/25/2005 10:35:00 PM -

SBR Bill Dozer reports:

12/15/2005 08:16 PM

12/15/2005 8:16:00 PM -

SSP International(SBR rating F)

12/14/2005 12:03 PM

12/14/2005 12:03:00 PM -

SBR Bill Dozer reports:

12/07/2005 11:20 PM

12/7/2005 11:20:00 PM -

SBR Bill Dozer reports:

12/06/2005 12:06 PM

12/6/2005 12:06:00 PM -

SBR Bill Dozer reports: Reno, Nevada-based WagerFree(SBR rating F-) scam to cease operating?

12/02/2005 12:33 PM

12/2/2005 12:33:00 PM -

SBR Bill Dozer reports:

12/01/2005 06:49 PM

12/1/2005 6:49:00 PM -

SBR Bill Dozer reports:

11/28/2005 10:52 PM

11/28/2005 10:52:00 PM -

SBR Bill Dozer reports:

11/27/2005 11:37 PM

11/27/2005 11:37:00 PM -

SBR Bill Dozer reports:

11/22/2005 03:34 PM

11/22/2005 3:34:00 PM -

SBR Bill Dozer reports:

11/22/2005 04:12 AM

11/22/2005 4:12:00 AM -

SBR Bill Dozer reports:

11/21/2005 04:30 AM

11/21/2005 4:30:00 AM -

SBR Bill Dozer reports:

10/29/2005 11:03 AM

10/29/2005 11:03:00 AM -

SBR Bill Dozer reports:

10/24/2005 03:17 PM

10/24/2005 3:17:00 PM -

SBR Bill Dozer reports:

10/22/2005 12:15 PM

10/22/2005 12:15:00 PM -

SBR Bill Dozer reports:

10/15/2005 02:51 AM

10/15/2005 2:51:00 AM -

SBR Bill Dozer reports:

10/14/2005 01:53 PM

10/14/2005 1:53:00 PM -