Sports Trading Exchange Problems

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  • cincy
    SBR Sharp
    • 09-30-07
    • 403

    #1
    Sports Trading Exchange Problems
    I learned about the Sports Trading Exchange from a post in the "Sportsbooks and The Industry" forum titled New Betting Exchange.fficeffice" /><O></O>
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    So you can refer to that post but I want to get this information out here in the main Players Talk forum.<O></O>
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    Below is a summary of my experience at The Sports Trading Exchange:<O></O>
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    I learned about the Sports Trading Exchange from the SBR forum and sent a $1058 Westu transfer to the Sports Trading Exchange on 12/09/11. My Sports Trading Exchange account was credited with $947.01 after the Westu fees and exchanger fees were deducted. I made additional deposits of $4000 on 12/17/11 and $1970 on 12/19/11 to the Sports Trading Exchange (I used a wire and then LibRes and Gold Ex Pay to do this).<O></O>
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    I had a great string of good luck and won the majority of my wagers and my balance has increased substantially. I e-mailed them on 12/20 and asked about payout options. It seems they realized that I would not be depositing any more money so they stopped replying to my e-mails and stopped servicing my account.<O></O>
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    I checked my account history and they have not graded any of my wagers since 12/20. So I still have 33 open wagers that are for games that ended many days ago. There are 3 winning wagers from the Pepperdine/Montana State basketball game on 12/18 that have not been graded despite me sending many e-mails requesting that they be graded. They also graded a large $1000 moneyline wager on Kansas City Chiefs to beat the Green Bay Packers as a loss when it was actually a $6620 winner. I had to e-mail them to get it corrected. I will attach a record of this that I copied from the settled bets report on their website below so you can see how they graded it a loss. They also had problems with their computer server and their website was down completely on 12/12/11 so no wagers could be bet. In addition, their server has also lost a few of the wagers that I had confirmed and these wagers appeared in my pending bets report but after the wagers won they were not in my settled bets report. Again I had to e-mail them to get these winning wagers added back to my account. I asked them to make a courtesy payout today for a small portion of my balance as a sign of good faith to makeup for all the problems that I have been having but they did not do it even though I offered to pay them 10% fees rather than their normal 2% fees. There is no reason that they could not make an immediate payout if they wanted to because they use all the ecurrencies that can be paid instantly.<O></O>
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    I do have records of all my financial transactions, current bets and settled bets from their website. So I can backup everything that I have said here. I also have all the e-mail correspondence about the website being down and the wager grading problems.<O></O>
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    I would suggest that anyone that is thinking of making a deposit to wait and see if they pay any withdrawals before you send any money.<O></O>
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    Please let me know if you have any suggestions on what else I should do.<O></O>
  • cincy
    SBR Sharp
    • 09-30-07
    • 403

    #2
    They have now made my account inactive so I can't login even though I have not broken any rules and have done nothing but post the truth about the problems that I have had.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-comfficeffice" /><o></o>
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    In addition, the Sports Trading Exchange phone number listed on the website appears to have been disconnected.<o></o>
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    Comment
    • cincy
      SBR Sharp
      • 09-30-07
      • 403

      #3
      I now realize it was really stupid of me to put $7k in with the Sports Trading Exchange. I was only going to make a very small deposit but I had some communications with OG77 who said he personally knew a guy that has been playing there for over a year with no problems and said he had made a very large deposit and was keeping a large balance himself so I decided to make a large deposit. OG77 said he had been paid quickly 3 times already in the last 2 months and I saw he was a longtime poster here so I thought it would be safe.

      The Sports Trading Exchange still has not followed through with my request for an immediate good faith payout of even a small portion of my balance even though they deal in digital ecurrencies which can be paid in seconds.fficeffice" /><O></O>
      Comment
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