Rivalo Sportsbook confiscates deposit and winnings... Again
A Rivalo Sportsbook (SBR rating D-) player has claimed that €1,300 was confiscated, which includes his initial deposit of €740.
The player had funded his Rivalo sports betting account through Skrill in April 2015. His wagers consisted of NBA and European basketball bets.
After increasing his balance to the €1,300 mark, Rivalo sent a letter explaining the decision to confiscate his balance.
On March 19, Sportsbook Review reported of a similar complaint - a player claimed that €135 was confiscated after he was accused of partaking in organized, syndicate style wagering.
The email the player has received in this latest Rivalo complaint is attached below:
Rivalo Sportsbook: "We would like to inform you that our Security and Sports book teams have reviewed your Rivalo account thoroughly and we have sufficient evidence that you are linked to a group of users involved in organized betting. This is not allowed and a clear breach of Rivalo's Terms and Conditions.In the event that such organized betting takes place, Rivalo reserves the right to retain the account balance. Your account will therefore remain closed and your funds confiscated due to this breach. This is the final decision taken by the Rivalo Team."
What is organized betting?
Organized, syndicate style betting refers to a group of sports bettors collaborating to circumvent betting limits. In some case, these bettors evenreside in the same household or are each redeeming an initial sign up bonus.
In one of the more infamous cases involving syndicate betting covered by Sportsbook Review, thirty winners at BetRoyal had over six figures confiscated because of their following the plays of a local radio host and sports handicapper.
Rivalo has an e-License in Curacao under the the name of 247SportsInteractive B.V.
Rivalo Sportsbook players in need of assistance should submit a sportsbook complaint form with SBR.