BetOnSports (SBR rating C+) wager cancellation policy drawing complaints.
BetonSports tells TheRX.com poster that it reserves the right to cancel wagers on odds that are about to change. Sportsbooks often subjectively label these types of wagers as "betting steam". The industry standard dictates that the only time it is acceptable for a sportsbook to cancel a wager is when the line posted is a gross error and is addressed before the event begins. This is commonly referred to as a ’Bad line’. Sportsbooks are entitled to deny service to players but confirmed wagers should not be susceptible to cancellation at the book’s discretion.
5/27/2006 1:21:33 PM Update: BetOnSports tells SBR that as of today, this policy will no longer exist and all confirmed wagers will be honored.
BetonSports tells TheRX.com poster that it reserves the right to cancel wagers on odds that are about to change. Sportsbooks often subjectively label these types of wagers as "betting steam". The industry standard dictates that the only time it is acceptable for a sportsbook to cancel a wager is when the line posted is a gross error and is addressed before the event begins. This is commonly referred to as a ’Bad line’. Sportsbooks are entitled to deny service to players but confirmed wagers should not be susceptible to cancellation at the book’s discretion.
5/27/2006 1:21:33 PM Update: BetOnSports tells SBR that as of today, this policy will no longer exist and all confirmed wagers will be honored.