This sportsbook is also offline
PulseBet, SynBet remain off-line with players' funds
A PulseBet (SBR rating F) victim writes in. The player tells SBR that he was scammed out of $2,000; after building his bankroll up, the player took a break from wagering only to return to find the sportsbook off-line. On 17 November 2011, SBR reported that both PulseBet and sister sportsbook SynBet (SBR rating F) remained online, despite a public admission of insolvency. Both websites went off-line shortly thereafter. Many of the scam shops’ customers were users from TheRXforum. TheRX introduced the previously unheard of sportsbooks on 16 August 2011, advertising SynBet as a platinum sponsor.
Players are owed a minimum of $21,000, according to sportsbook complaints filed by users of PulseBet and Synbet.
SBR advises readers to exercise extreme caution playing with new bookmakers. The sportsbook ratings guide, as well as the scam sportsbook blacklist, are intended to educate readers on the risks associated with each company.
Scam alert: PulseBet sportsbook victim writes in
A PulseBet (SBR rating F) player tells SBR that he is owed €1,073. The player’s first withdrawal request was made on October 26th, 2011 but rejected due to ID not being on file. After sending all the documents, PulseBet completed the request in their system but failed to send the funds through Moneybookers.
On November 17th, SBR reported that PulseBet and SynBet (SBR rating F) remain online despite a public admission of insolvency. On November 4th, SBR reported that the brands could no longer pay players.
Synbet and PulseBet both occupy a spot on the SBR Sportsbook Blacklist with a rating of F.
Sportsbook scam alert: PulseBet & SynBet sportsbook
PulseBet (SBR rating F) and SynBet (SBR rating F) sportsbook remain online despite a public admission of insolvency. On November 4th, SBR reported that the brands could not pay players.
On August 16th, 2011, SynBet was introduced to readers on TheRxForum gaming portal as platinum sponsors. The unheard of sportsbook claimed to be targeting US-based members, while sister outfit PulseBet catered to the European market.
On November 1st, 2011, a SynBet employee posted that players would not be paid. The employee attributed blame to processors and urged players to consider alternate actions to recoup their funds. PulseBet and SynBet players continue to write into the SBR mailbox to document how they were scammed. | Scammed sportsbook players speak out
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SBRtv’s Peter Loshak breaks down the latest news in the online sportsbook industry. | Sportsbook news video transcript
Sportsbook scam alert – SynBet.com, PulseBet.com steal bettors' funds
SynBet.com (unrated) is unable to pay players. The admission of insolvency was made by a company representative on TheRXforum, a forum that advertised SynBet as a platinum sponsor. On August 16th, 2011, head moderator “Wilheim” publicly introduced the unheard of sportsbook to forum users. SynBet primarily targeted US bettors, while sister outfit PulseBet focused on the European market. The two sportsbooks were hosted on the same server and shared wagering software as well as customer support numbers.
On November 1st, 2011, a SynBet company representative posted that players would not be paid. The 143 word statement, which attributed blame to processors, was the last public appearance from a SynBet representative. Both players and SBR have attempted to contact SynBet and PulseBet by phone and live support – those channels of communication appear to be offline, although both sportsbooks continue to post lines each day.
SynBet and PulseBet players have written the SBR mailbox to detail a range of sportsbook complaints, as well as voiced their complaints directly at TheRX. | Read SynBet & PulseBet complaints