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betchance Review

Last Updated 08/22/20
country-not-accepted-icon US Sports Bettors Not Accepted

This sportsbook is also offline

betchance News

Poker Chip-dumping: Balkanbet sportsbook dispute

Editor’s update: BalkanBet is now operating as EFBet.

A Balkanbet (SBR rating C-) player states that his account has been locked for three months. Balkanbet accused the player of chip-dumping….read more here.

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BalkanBet rating initiated at C-

Editor’s update: BalkanBet is now operating as EFBet.

BalkanBet (SBR rating C-) has been added to the SBR sportsbook rating guide. BalkanBet’s sportsbook has been in operation since June 7th of 2008. US, Maltese, and Macedonian residents are not permitted to open an account with BalkanBet. The sportsbook is located in Malta and licensed by the Loterries and Gaming Authority (LGA) of Malta. Players should be advised that multiple high-risk, slow-pay betting sites have emerged from Malta in recent years, such as the now defunct BetOnBet (SBR rating F), BetChance (SBR rating F), and slow pay sportsbook BetAfterBet (SBR rating D-).

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

GoldVictory no-pays continue; LGA of Malta states it is taking legal action
GoldVictory (SBR Rating F) players continue to report no-pay complaints to SBR. The F rated sportsbook currently owes over a reported $100,000 in player funds. The Lotteries and Gaming Authority of Malta (LGA) stated that legal action has been taken against a director of Gold Victory Limited. The criminal proceedings are to take place in the Maltese Law Courts



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Scam sportsbook BetChance (SBR rating F) back in business

Scam sportsbook BetChance (SBR rating F) back in business
It was been three months since BetChance was telling its players that it was insolvent and offering a settlement offer like the one below:


We have tried to contact you during the week to inform you about the money in your betchance Betting Account. betchance Limited ( ) is closing and we are giving the following options to clients;
Option 1: To pay 30% of the total amount (betting account plus pending withdrawals) in the next two-three weeks.
Option 2: To pay the total amount you have in your betting account but divided in 15 months payments.
Please give us your reply as soon as possible, by email, or send us the phone number where we can contact you, in order to notify us of your decision.
When we’ll receive the option you choose, we will send an agreement by email, which has to be signed by both betchance and the client, and afterwards the payment will be processed. For any further information you require, do not hesitate to send us an email on
info@betchance.comor contact us by telephone on 00356 21489941.
Regards, betchance Limited

The sportsbook is now advertising new bonuses and offering a full wagering menu. Some players report that BetChance is still refusing to pay and pushing them to accept a settlement of 25% of their balance. It appears the sportsbook is marketing to Italian speaking players that may not be aware of the theft of bettors in other countries.


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

The sportsbook posted vague messages on its website earlier this week about transferring player accounts and informing users that customer support would not be offered during this time. No time line for a resolution was offered. BettingStar24’s website displays a new message stating that negotiations allowed the sportsbook to reopen. It is not uncommon for Malta-licensed sportsbooks to struggle with internal business issues before eventually closing for good. PlayBanks and BetChance each showed signs of stumbling including intermittent payouts, temporarily removing account access, and/or announcing new ownership before eventually closing for good. Players are advised to test BS24’s withdrawal process and avoid the book while it handles internal issues.

BettingStar24 closes down sportsbook and all communication

BettingStar24 closes down sportsbook and communication with players
Dear customers! May we kindly advise you that is transferring its business. We are conducting intensive negotiations with a leading online gaming company to take over your total account balance. We hope for your understanding that this process can take a while. Our support team is no longer reachable per telephone or email but you will be informed about the progress of the negotiations regarding the security of your deposits and winnings via our homepage. We are sorry for all inconvenience caused. Best regards

BettingStar24 is the second Malta-based sportsbook to close this month. Waubet (not rated) also closed after claiming to be dealing with server problems. It is unknown if and when Waubet users will be paid. Including former customers of BetChance (SBR rating F), players from three Malta operations are waiting to hear the fate of their funds.

BetChance sends a "client contract" to owed players

BetChance (SBR rating F) sends a “client contract” to owed players saying they will provide payment within 20 months and asks the player to agree he/she will not sue the gaming company. Players should ask the sportsbook if it intends to steal account balances if this agreement is not signed under duress. The agreement gives the sportsbook reassurance that the player does not intend to pursue the sportsbook and meaninglessly suggests that by signing it, the player has waived the right to pursue funds. BetChance previously offered 30% (now 25%) or payment in full within 15 months. in 2007 players agreed to payment plans which were not honored. SBR will contact Malta Gaming authorities to ask if the latest BetChance payment promise is the result of influence of the regulating body. Malta and its Lotteries and Gaming Authority have not proven to offer added player security to date. Defunct sportsbook Portlandbet (SBR rating F) is also confiscating a piece of player balances. | Signed contract
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BetChance (SBR rating F) wagering offline

BetChance (SBR rating F) deactivates accounts; continues emailing to players with take-it-or-leave-it settlement offer
BetChance is no longer pretending to take bets or allowing players to look at their balance. The book’s homepage gives players’ the message that the “operation is suspended for technical problems”  and it “apologizes for any inconvenient..” The Malta-licensed sportsbook baited players with large deposit bonuses and advantageous lines and pricing. Some players have been pursuing their funds from BetChance for nearly one year. History suggests, despite what BetChance offers or arranges with players, the book will continue to stall and will not pay. Multiple players have stated that their opinion is the book will only pay if somehow leveraged to do so by The Lotteries and Gaming Authority of Malta and will hold out hope for their full balance. The LGA issued small payments to players on behalf of no-pay sportsbook Playbanks in March, months after the book had closed.

BetChance email to players:
We have tried to contact you during the week to inform you about the money in your Betchance Betting Account. Betchance Limited ( ) is closing and we are giving the following options to clients;

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

BetChance (SBR rating F) player reports that the sportsbook informed him it will finally close
The player states the no-pay sportsbook called to offer him a settlement of 25% of his balance or the possibility of being paid in 20 months. BetChance has been unable to clear delinquent withdrawal requests for almost a year while teasing owed users with email updates about new ownership and small sporadic payments to a fortunate few. Most players do not expect to see any of their funds and now believe the empty promises and positive updates were part of the scam to remain operational in Malta while collecting from new depositors.

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

BetChance (SBR rating D-) scam continues after scattered payouts
Many players who filed a complaint reported payment at the start of April. BetChance failed to pay players at the close of 2007 and beginning of this year. The sportsbook was upgraded from F to D- in April to reflect the possibility of payment. Players have since wrote to SBR strongly objecting to the sportsbook having a rating above F-. BetChance payouts have not continued while its marketing campaign has. BetChance is telling players they are only able to withdraw the amount they deposited. The result is new players depositing in an effort to win money the book will not pay.
Player to BetChance: I am still waiting on a response to my email from 31st January 2008 (10 weeks ago !!!). Furthermore there are 5 open withdrawals over 5000 Euro in total. Please let me know within 7 days when you will payout this amount. Please regard that has changed your rating from F to D- on 7th April and I think that you won’t be pleased if your rating will changed again to F.
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