Is StakeBTC the latest Bitcoin scam sportsbook?
StakeBTC.com is at the center of the latest Bitcoin related sports betting dispute. The Bitcoin sportsbook, which has currently went off-line amidst speculation of theft, has been accused of placing a player's entire balance 46 BTC ($25,890) on three longshot college basketball underdogs. The three games have yet to begin, but StakeBTC.com is refusing to void the wagers.
The player who filed the SBR complaint is regarded as a professional sports bettor. SBR has helped the player recoup funds from sportsbooks in the past. He has put forth the following time-line:
12:53 ET 19/2/2014: Instant withdrawal requested of 15 BTC. Email sent to StakeBTC making payout request.
9:32 ET 19/2/2014: StakeBTC live help is off-line. The player logs a comment about his pending withdrawal at BitcoinTalk.org, a forum where the bitcoin sportsbook has an advertisement post.
10:14 ET: StakeBTC posts in response approximately 45 minutes later that the player's entire balance is pending in three underdog CBB moneyline wagers.
The player immediately contested this publicly on BitCoinTalk.org. StakeBTC claimed that the IP address which made the wagers matched one of two addresses used the player. Further discussion took place and StakeBTC contradicted itself regarding previous play.
StakeBTC.com then disputed the player's time-line by stating he did not record a payout request at the listed time ... however the player uploaded a screenshot of his email to StakeBTC requesting payment for 15 BTC at the time he said he did. StakeBTC did not comment on its own discrepancy and simply stated "False information on the forum is not the route to go.".
Read discussion at BitcoinTalk.org
SBR has requested that StakeBTC.com void the wagers in question. StakeBTC has yet to respond, but may very well have pulled the plug on their operation over the allegations, which if true would signal insolvency:
Current snapshot of StakeBTC.com:
Related Bitcoin sports betting news
SBR reported that BTCSportsBet.eu scammed a bettor out of $6700 in January 2014.
Follow SportsbookReview.com on twitter. SBR has been the leading online sportsbook industry watchdog since 1999. Players in need of assistance should submit a sportsbook complaint form. Players with general questions may also contact SBR by writing to firstname.lastname@example.org.