SBGGlobal and BetRoyal Improving their Payouts

Flyers09 · 05-07-09, 06:03 PM

Sbgglobal is a good book, im with them, they payout on time, and very good CS

durito · 05-07-09, 06:09 PM

Except when they steal $500,000

20Four7 · 05-07-09, 06:09 PM

Outside of sending my ID in 50,000 times for my first payout I"ve not had an issue with them. Royal has usually paid me in a day, never same day that I recall.

durito · 05-07-09, 06:16 PM

5/1/2009 04:47 PM
Scam Alert: Beware of sbgglobal (SBR rating D-) Kentucky Derby Bonus Offers
sbg Global is emailing players with deposit bonus offers of up to $6,000. The offers that seem to good to be true, might be. sbg recently stole players' winnings on the Formula 1 World Championships. Players made valid wagers on a driver at 70-1 that were canceled and replaced with an offer of the same bet at odds of even money. Offering high odds on future bets without the intention of honoring the wager is a common scam. It allows a sportsbook to take a lot of action on an event and upsetting only a small percentage of those who wagered on the race.
4/22/2009 01:23 PM
sbg Global (SBR rating D-) cancels futures wagers on Formula 1 World Championships
Three players wrote SBR with similar complaints. Each player had wagered on Jenson Button to win the Formula 1 World Championship at the odds of 70:1. At the time these wagers were placed the betting market, including Bookmaker (SBR rating A+),The Greek (SBR rating A+) and Betfair (SBR rating A+), was offering similar betting odds. sbg waited until Jenson Button won the first two Formula 1 races, voided the wagers, and offered to reinstate the bets at 10:1. sbg is wrongly applying the "gross or obvious error" rule to these bets. The line was not offered in error. sbgglobal bettors are victim of outright theft. This sportsbook has a long history of cheating players. sbg management would not discuss the cancellations with SBR.

durito · 05-07-09, 06:18 PM

7/21/2008 11:43 PM
Player files $500,000 complaint against BetRoyal (SBR rating D-)
SBR Justin investigated the available facts of the complaint. In 2004 a group of players were invited by BetRoyal management to trade prices and betting odds at BetRoyal against other sportsbooks . The manager who had made the arrangement had taken a position with BetUS (SBR rating D+) before this issue emerged.

BetRoyal management would often solicit sharp players to bet off action they did not want while offering them special low juice, or even no juice lines, to increase liquidity. For example, if the sportsbook felt it had too much exposure on one play or wanted to gamble on the other team, it would make the applicable vig pricing appealing for their players that were known to trade on the sports betting market. The sportsbook was aware that at least two individuals were placing wagers on this account. The deposited funds initially lost but the invested $85,000 in deposits eventually earned a balance of $586,000. Several days before sbgglobal (SBR rating D-) completed its buyout of BetRoyal last year, the Royal website was taken off of the servers. When the site returned on the sbg platform, all winnings were removed from the account.

During the investigation, Royal, which was known for odd player arrangements and high risk bookmaking models, claimed that it had an agreement with the account holder that he would never take out winnings – only deposits. Royal claimed that the players were using some sort of hedging strategy where they would guarantee that they lost money at Royal, and won at other books. Royal offered no solid proof of this, often referring to the deal as something arranged independently by the manager that had moved on. The account holder denies there was any such agreement to “not withdraw winnings.” He rightfully points out that such an arrangement is not logical and describes a scenario where the account could only lose money. SBR told Royal that their explanation was not believable. The account holder believes BetRoyal erased the winnings in order to take $500,000 in liabilities off the books before selling to sbg Global.

durito · 05-07-09, 06:19 PM

10/21/2007 08:49 PM
BetRoyal (SBR rating D-) ends "fraud investigation;" steals winnings
BetRoyal confiscates what is estimated to be just over six figures in winnings from 18 players that were also subscribers to the same sports handicapping service. The book paid a tout to refer these players to BetRoyal. The players, which were clearly sourced from the pick service, made money playing the pay-for picks at BetRoyal. BetRoyal was later purchased by sbg Global (SBR rating D-) in June. sbg was asked if they wanted to continue doing business with these winning customers by both the pick service and the players' account manager. sbg management was able to review the account activity and reaffirm that they wanted to book action from these players. The house continued to lose on these plays until management froze the accounts for an "investigation." sbg is known for freezing accounts prior to confiscating funds. This tactic is used to guage backlash from users and the negative effect on current marketing investments; legitimze the claim that there may have been fraud and something to actually investigate, and to simply stall from having to deal with victims when they are most upset. | Recent sbg Global theft
10/18/2007 11:22 PM
BetRoyal (SBR rating D) locks 30 players out of their accounts citing "syndicate play." Royal Sports had advertised with a handicapper that was having a successful year before the book was purchased by sbg Global (SBR rating D-). The capper repeatedly warned what was now sbg's operation that he and his users were on a winning streak but the book said that it was not concerned because "all handicappers eventually lose." He and the players following his picks won in excess of six figures. The sportsbook now claims it is investigating the group for fraud and has frozen all winnings. SBR to interview the handicapper and contact sbg before updating in further detail. | Read SBRforum poster's report
editor correction: Pay-service handicapper counts 18 frozen accounts, which was confirmed by BetRoyal account manager. Five players file complaint with SBR.

mathdotcom · 05-07-09, 06:20 PM

That'll teach morons for betting horses and race car bullshit

Casi · 05-07-09, 06:21 PM

unreal, you cannot go lower than touting those shit books

Justin7 · 05-07-09, 07:53 PM

Thanks Durito. You saved me time

SBG only has to rob 1 in 1000 players to make a fortune - just the big winners. If you have no chance of winning big with them, why are you playing?