Sportsbook news results for the search term: betmania
03.18.2011 (09:38 AM CST)
BetPhoenix (SBR rating B-) has struggled to pay players via advertised eWallet methods, such as Neteller and Moneybookers, within their listed time-frames. The delays were first reported by users in July of 2010. Management initially assured SBR that this would not be a problem once they funded their eWallet merchant accounts. Currently there is no time table for how long these payouts will take or if Phoenix will update its website which already lists 7-10 business days for what is an instant method when using a funded account.
In light of their inability to service players by eWallet, BetPhoenix has offered to fill player withdrawals through bank wire, an option that many do not wish to accept since each time winnings come back to their checking account there are fees for country taxes as well as currency exchanges. Players then have to redeposit to Neteller or Moneybookers and then wait for it to clear, if they want to move their gambling funds to another sportsbook.
SBR has suggested that the BetPhoenix group update their website with accurate estimates for Neteller and Moneybookers to avoid false advertising. The BetPhoenix family, including BetPhoenix, Betmania, WagerChief, and Sports-1, have been downgraded yesterday to B-.
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11.17.2009 (03:19 PM CST)
BetMania & Sports-1 upgraded from B- to B
11.17.2009 (03:19 PM CST)
Sports-1 BetMania & Sports-1 upgraded from B- to B
06.10.2009 (01:59 PM CST)
BetMania <span class="hl">BetMania</span> upgraded from C+ to B-
03.14.2009 (12:53 PM CST)
BetMania upgraded from C to C+
10.27.2008 (07:07 PM CST)
Betmania officially acquired by BetPhoenix. BetMania began using BetPhoenix hosting and services in September with the intention of being moved under Phoenix ownership. The sportsbooks reported a drawn out legal process delaying the acquisition and leaving Betmania players to wonder about the status of their book and its financial position. Phoenix tells SBR that Betmania management will be retained and the sportsbook will operate as a separate brand.
10.27.2008 (07:05 PM CST)
BetMania raised from D to C
10.04.2008 (03:15 PM CST)
BetPhoenix (SBR rating B) tells SBR that ownership of BetMania will be made official on Monday. BetMania (SBR rating D) will be reassessed early next week.
09.27.2008 (10:33 AM CST)
BetMania (SBR rating D) move to BetPhoenix platform complete. Despite BetMania completing a migration to BetPhoenix's custom IQL software-based platform and server, Phoenix has not yet completed a deal to acquire BetMania and does not back player balances. Phoenix management tells SBR that BetPhoenix is currently a service provider for Betmania and players will learn if BetMania is under the Phoenix unbrella by October 2nd.
09.20.2008 (03:08 PM CST)
BetPhoenix (SBR rating B-) in discussions to acquire BetMania (SBR rating D). Sources tell SBR that if the deal goes through BetMania will be maintained as a separate brand under BetPhoenix operation.
09.02.2008 (02:27 PM CST)
BetMania (SBR rating D) changing offices and software. The sportsbook moved from Pavas to Rohrmoser Costa Rica this morning and expects to be online by 3:00pm today. BetMania has also moved from ASI software to new software, MXA Systems. Management tells SBR that player accounts will be accessible and reflect the correct account information this afternoon.
Update 9/3/2008 10:27:24 PM: BetMania remains inaccessible. SBR to seek update tomorrow.
11.14.2007 (06:35 PM CST)
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BetMania (SBR rating D) agrees to pay player for winning bets canceled on 4/30/07
. Mania management states it will not scrutinize these types of wagers or punish users for advantageous play in the future. The sportsbook is said to be under new ownership and is paying players with new processing systems. At least three players are still receiving installments that started in early 2007 when the sportsbook was in slow-pay mode. BetMania's rating may be reviewed once SBR confirms that these players have been paid in full. | Discussion
06.20.2007 (11:19 PM CST)
Three BetMania (SBR rating D) players confirmed receiving low four-figure withdrawals within the past week.
06.01.2007 (04:16 PM CST)
BetMania downgraded from D+ to D
05.30.2007 (11:19 PM CST)
BetMania (SBR rating D+) Update: Following yesterday's report of player complaints SBR has received additional slow-pay claims. One player was told that he was not paid because the book has given players who are still betting priority. The same player was told he was "third on the payouts list" two weeks earlier. SBR has also received two claims from advertisers, one of which says he was told that monthly payments will not be released until after the baseball season.
05.29.2007 (11:25 PM CST) BetMania (SBR rating D+)
players submit new batch of slow-pay complaints. Six users report being owed over $20,000 in total. The players were initially told they must wait ten days and are now waiting over a month for their transfer. The sportsbook is likely losing to its few active players, offering reduced juice, a free NBA half point and very slow-moving lines. Players who have received a recent payment are asked to notify SBR
04.30.2007 (02:07 PM CST) BetMania (SBR rating D+)
confirms cancelation of two Arena Football wagers because the player attempted to win a "middle" (betting on both opposing sides using different lines for the possibility that both bets will cover) and refuses to alter decision. BetMania
's wagering rules do not prohibit betting both sides of a game and state that it uses Las Vegas bookmaking rules for issues that are not addressed within the Terms of Service. However, Las Vegas rules do not prohibit wagering on both sides of a line.
Note: BetMania claims the bets were canceled before the event began but did not alert the player or provide proof including a time-stamped email. The player claims that if he had known the bets were not wanted he would have placed the wagers at a different sportsbook for the same return of $500.
04.29.2007 (11:24 PM CST)
BetMania (SBR rating D+) once again arbitrarily cancels wagers
The player was allowed to place online wagers on opposing teams. After the event was over the bettor was informed that the winning wagers, the second set of bets, were canceled because of an unlisted rule. The player is told that the sportsbook does not allow middle attempts. However, BetMania has allowed players to buy back a position when the odds do not move in the bettor's favor. SBR will contact the sportsbook on player's behalf.
Player: Yesterday afternoon I placed two arena football wagers, NY +1.5 and Grand Rapids +12 at $250 each. Both won last night, but I awoke this morning to find out they were cancelled. The reason stated was that Betmania does not permit middling and I had bet the other side of these games two days earlier. Well, no where does it state in their rules about this absurd restriction, but Victor (wager manager) claims it is an "unwritten rule" (what?). He also says that the bets were cancelled before the games went off which I have no way of knowing if it's true. Fact is I could have made my offsets at Betjamaica and Skybook at that exact same lines, had I known about this apparent rule. Bottom line is that these were legit bets, not error lines, so they should stand. As such, Betmania owes me $500, and I am asking your help in getting it. Victor refuses to budge on this matter, and he is so wrong.
04.26.2007 (04:12 PM CST)
BetMania <span id=ctl00_ContentPlaceHolder1_GridView1_ctl02_Label1><a class=ab href="http://www.sportsbookreview.com/sbr/BETMANIA"><span id=ctl00_ContentPlaceHolder1_GridView1_ctl02_Label1>BetMania</span></a> downgraded from C- to D+</span>
04.05.2007 (06:33 PM CST)
BetMania (SBR rating C-) pays installments to three Canadian players via Neteller this week. Neteller will be unavailable for Canadian balance holders on April 9th when new Neteller gaming policies go into effect.
03.22.2007 (07:19 PM CST)
Canadian BetMania (SBR rating C-)
player confirms payment via Neteller after three weeks. Two others report currently waiting over two weeks for the $2500 maximum allowed.
03.13.2007 (07:00 PM CST) BetMania
(SBR rating C-): New complaints received from non-US players who are waiting two weeks for Neteller payment. SBR has verified that multiple Canadian users have received
payments after waiting in excess of 2 weeks between $2500 Neteller
installments. Some non-US players will be forced to wait 3 months to redeem balances under the new payout terms.
02.16.2007 (12:27 PM CST)
BetMania <A class=ab href="http://www.sportsbookreview.com/sbr/BetMania">BetMania</A> downgraded from C to C-
02.16.2007 (11:42 AM CST)
BetMania downgraded from C to C- after multiple slow-pay complaints by Canadian players. BetMania offers Neteller to non-US clients but has limited users to one withdrawal per two week period. Two players report receiving less than the biweekly $2500 maximum requested.
01.30.2007 (07:53 AM CST)
BetMania downgraded from C+ to C
12.16.2006 (06:21 PM CST)
BetMania (SBR rating C+) reinstates original pending wager.
12.16.2006 (11:56 AM CST)
BetMania (SBR rating C+) cancels player’s pending wager on the Suns/Kings Under 219, stating that the bet was on a "steam play." Below is the message left in the user’s account.
"Please read this important message: Your Suns Total bet was deleted...obvious steam play. If you continue to bet Steam here your account will be closed"
SBROdds.com shows the average betting line is currently set between 217 and 218. Line history quotes the market average at 219 only 15 minutes ago. BetMania is expected to honor this bet and not use subjective terms to get out of honoring betting odds that hold value for the bettor. Players should expect a confirmed bet to stand unless it is due to an "obvious", or "gross," error.
12.15.2006 (02:34 PM CST)
BetMania <A class=ab href="http://www.sportsbookreview.com/sbr/BetMania">BetMania</A> downgraded from B- to C+
11.28.2006 (08:24 PM CST)
BetMania (SBR rating B-) settles disputes with two players who won funds betting duplicate parlays. A rollover has been applied to the reinstated winnings, which were originally deleted as the product of invalid bets. SBR has advised BetMania to update the sportsbook’s terms of service prohibiting users from rebetting duplicate parlay wagers.
11.20.2006 (10:29 AM CST)
SportsInteraction (SBR rating C-): Player reports submitting banking details three times in the month of October. He received an email October 31st stating: Thank you for contacting Sports Interaction. After reviewing your account I see that your bank details have just been updated today! You withdrawal should be reaching you soon. We are truly sorry for your frustration and thank you for your patience.
The player has yet to be paid.
Expekt (SBR rating C): Two players complain that the sportsbook changes the wagered amount as they see fit. No information was sent to the player about the altered bets.
Player: I placed a bet with Expekt, the bet was for £55. I placed the bet and then went to ’pending bets’. It said the bet had been accepted for £55. I then logged into my expekt account the next day and saw that they had rejected £32 of the bet stake. They had done with only about 25 minutes left before the actually bet started.
BetMania (SBR rating B-): Users complain about a one week wait for Neteller payments and a lack of listed rules.
Player: I was wondering if you can look into Betmania for me. I have a $13,000 balance there and have completed my rollover. They are telling me that they can’t process my payouts via Neteller and they are suggesting eCheck. They said a Neteller payout might not be processed until next week. But I want the payout via Neteller and will wait if I have to. Also, how come they don’t disclose any daily payout limits on their website? And they wait until you request a payout to tell you there’s a daily limit?
A Second player complains that over $2,000 in winnings were deleted due to being the result of duplicate parlays. BetMania.com does not list rules prohibiting duplicate parlays and it is allowed by the book’s software.
07.26.2006 (05:51 AM CST)
View photos of BetMania (SBR rating B-) here.
The sportsbook’s new facility is located in Escazu, Costa Rica, and is still under construction. Management tells SBR they plan to be finished with the build-out before the start of the NFL regular season. BetMania recently launched with the help and resources of Skybook (SBR rating A-) but will operate as a separate book under same ownership.
06.27.2006 (04:10 PM CST)
BetMania is a new sportsbook from Skybook (SBR rating A-) ownership that aims to fill the reduced juice gap left after InternationalIslandSportsbook was absorbed by SkyBook last week. BetMania operates independently in a separate office in Escazu, Costa Rica; and is managed by Head Linesman, Eric and Operations Director, Mike Mitchell, both formerly of Millennium Sports. The book uses ASI software. SBR will visit BetMania in July.
06.27.2006 (01:40 PM CST)
BetMania <A class=ab href="http://www.sportsbookreview.com/Search/default.aspx?Area=Site&Search=betmania&Submit2=Search">BetMania </A> - SBR initiates rating at B-
06.26.2006 (04:24 PM CST)
Five days after absorbing sister sportsbook, IIS (SBR rating A-), the group has taken Rio (SBR rating A-) and ClickAndBet (SBR rating B) off-line. All accounts will be moved to Skybook.com. Ownership has planned to focus the company on its flagship, and now only brand, for over a year. Skybook will have an affiliation with new sportsbook, BetMania (not rated), which will be managed and operated externally.