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Online scam sportsbook CreditWagering alleges sale
CreditWagering (SBR rating F) players have reported being no-paid $23,230. CW sportsbook surfaced in 2008, initially beginning as a pyramid scheme — paying the first few rounds of players to lure in more — before being added to the Sportsbook review blacklist on May 11th, 2009. | Online scam sportsbook CreditWagering statement
Online Scams, five sportsbooks to avoid
The Sportsbook Review Blacklist includes 1,066 sportsbooks. These online sportsbooks are the worst in the industry. The criterion to be included in this list is to carry a D- or F rating.
#5: BetOnline247 Sportsbook (SBR rating D-)
Operating out of San Pedro, Costa Rica, BetOnline247 claims to be regulated by the government of Costa Rica. The claim is not accurate; sportsbooks in Costa Rica are not subject to government regulation. The dishonest claim is likely an attempt to sway player confidence. BetOnline247’s business model targets European clients. SBR has received 40 current payment complaints from BetOnline247 players.
View the rest of the five worst online sportsbooks.
Sportsbook Scam Alert – CreditWagering fraud
CreditWagering sportsbook (sportsbook rating F) burns another player. In November, the player opened his account and began to wager. CreditWagering extends players $1,000 upfront and requires that they complete a 3X rollover prior to making any withdrawal. If a player is down $400 or more after his first week of playing, CreditWagering requires that the player settle for that amount in order to resume playing. Players who pay are promised 15% back on their settlement amount. The attractive proposition has lured in many players, some of whom that have no intention to pay should they lose their first $400, and some innocent players that had settled up when they owed. | CreditWagering Report
Scam Alert: CreditWagering Sportsbook downgraded to F
CreditWagering Sportsbook (SBR rating F) players have reported fourteen outstanding slow-pay complaints. The most recent of which is a player that contacted SBR stating he asked for a $905 payout on April 1st. In total, CreditWagering players have reported being slow-paid $22,330. CreditWagering has had their mark lowered to F on the SBR Sportsbook Blacklist.
CreditWagering slow-pay complaint #13
A CreditWagering (SBR rating D-) player has written in with a payment complaint. He requested a $1,200 withdrawal in July and has yet to receive his funds.
CreditWagering users have reported 13 slow-pay complaints for a total of $21,425. To date, none have confirmed being paid.
CreditWagering claims that payouts are coming
CreditWagering (SBR rating D-) has told two players that their payouts would arrive in one week. Player 1 requested a $2000 withdrawal in July. Player 2 asked for $500 on September 27th. Each player was told that they would receive a debit card in the mail that would allow them to withdraw their funds. Players with recent experiences at CreditWagering are asked to write to SBR.
CreditWagering was initiated with a D rating in August of 2008 after months of consistent feedback from users and no confirmed slow-pay complaints. SBR cautioned players at the time that the CreditWagering business model of extending credit without verifying income was a risky proposition, and that it was unlikely to be a successful operation long-term. In this SBRforum post, a player admits being given credit and failing to pay back his ~$1000 debt.
CreditWagering was downgraded to D- on May 11th after reports of slow-pay surfaced. The last confirmed CW payout dates back to May 22nd. On July 21st of 2010, a CW manager stated to an SBR dispute mediator that all payouts would be caught up in August.
CreditWagering (SBR rating D-) update. A CreditWagering player has written to SBR stating that he has still yet to receive payment from a June 15th payment request of $1114.46. A second player who SBR reported asked for a withdrawal of $2000 on July 24th has not confirmed receiving payment.
CreditWagering slow-pay complaint
A CreditWagering (SBR rating D-) slow-pay complaint has been reported. On July 24th a player asked for a $2,000 withdrawal and was sent a debit card through the mail. His card has not since been loaded. The player states that CreditWagering informed him of processor troubles and failed to pay him in the next week as promised. Players in need of assistance with CreditWagering are urged to write to SBR.
CreditWagering — "All payment issues" to be settled in August
CreditWagering (SBR rating D-) has issued the following statement to SBR, in response to a slow-pay complaint dating back to April 26th when a player attempted to withdraw his $2100 balance.
SBR will update this report.
CreditWagering slow-pays update
Two additional CreditWagering (SBR rating D-) slow-pay complaints were filed with SBR. Player 1 requested $1951 mid-March, and player 2 requested his withdrawal mid-April. Both players state that they were offered to be paid via Moneygram, but have yet to receive any such payments from CreditWagering. SBR will update this report.