BetEd player makes $6,931 mistake

[bigboydan]

BetEd (SBR rating B-) player makes $6,931 mistake

The player made an eCheck deposit for $50 using a bank account owned by his father, who he lives with. In two weeks time the player turned the deposit into a balance of $6,931. After requesting a withdrawal for his winnings, BetEd reviewed the account and found the source of the deposit to be his father's checking account.

I looked at my account today and they have completely zeroed out all of my winnings, I went from having over $6900 and now I HAVE A $0 balance!!!! Their accounts mngr emailed me stating that my transactions were not valid and violated their terms and conditions. He stated that my email was invalid, which it's not, it's just not my primary email address. He also wrote, Per these clear and serious violations, your account has been closed and the deposit refunded to the actual bank account holder. Now I try to log in, and my account doesn't even exist!!!!!!! I earned that money, or won that money fair and square and if they would take the time to cooperate with me, and speak with myself and my parents, they would know that everything was authorized.

The player points out that the $50 eCheck deposit was accepted and eligible to be lost. Unlike eChecks, credit card purchases are normally declined if the name on the card is not identical to the name on the user account. BetEd cites rule 14 which states "For security purposes, your bank account information must match the information supplied during your initial registration." If any players have made a deposit with a third party checking account, before subsequently losing their funds, they should be sure to contact BetEd for a refund. Players are reminded to read all rules carefully before depositing with a sportsbook.

[InTheHole]

Sucks but if he lost the fifty...guess what....that account owner (bank account owner) would be in every right to say they didn't authorize the transaction. You have to be on top of these books and vise versa. I am so diligent in my transactions that I contact the book if I log onto their site from another location (whether secure or not)...don't leave anything open to debate on your end. All you need is to have another account owner use that IP and you're technically screwed.

[wild willy]

That goes to show do not bet with this book. are they that hard up. Why don't you ask them if 6000 is worth us going to town with thier name, I mean this thread really pisses me off. I think all the boys and ladys need to get together and show these b rating bastards its us footing the ****ing bills. You got pull get this kid his cash.

[sickler]

Brutal

[InTheHole]

I hear you wild willy but how many plays have free rolled an e-check?

[pimike]

Man this sucks balls. What if his father gives a letter of approval for the money used to post up.

[wild willy]

We have the power They think they do but they dont. Its are money paying the bills. and it looks like someone's forgot

[MickChunky]

Half his fault/half theirs. Pay him half special ed

[wild willy]

IFf its such a big deal why diden't they check when the money first got there

[wild willy]

BBd run this story in every sports forum in the world then call the media and then ask if its worth $7000

[THE_LOCKSMITH]

$50 to 7K in 2 weeks is really good

[InTheHole]

IFf its such a big deal why diden't they check when the money first got there

You have a point...I think they let e-check deposits slide in order to make money considering they take quite a while to "clear" (risk vs. reward)...these type of concerns probably only get triggered upon withdraw.

Kind of hard to get around a stated rule.

[wild willy]

Not if everybody gets together and puts its name to shit. then they may change

[wild willy]

Just keep this post at the top and when the boys get up and are a bit cranky then will see

[wtf]

my blood boils when i see this

would never treat a player like that, ever

[wild willy]

First we should start a list of members after seeing this would never deposit there.

[diogee]

Ouch...unreal. Unfortunate to waste such a good run...of course they wouldn't have noticed this if he had lost it all.

[wild willy]

Ok lets get some names I'll go first wild willy will never deposit at beted

[pimike]

add my name to the stay away list and the mudsling list

[gordon gekko]

add my name to the stay away list and the mudsling list

Likewise

[wild willy]

Thanks just wait till every body gets up and relizes how easy it is to happen to them. as much as we all argue I think as equally we all stick together

[wtf]

with u all the way on this one

they will regret doing this , pieces of sh1t

[SBR_John]

BetEd would be smart to let Bill and Justin investigate the player to see if he has taking shots at other books. If he is clean, he should be paid or his Dad should be. The deposit appears legit and totally at risk. BetEd hung a line and accepted the bets, assuming this player and his dad have a clean history and are not involved elsewhere in scams the bets should be honored.

[reno cool]

Always a problem when cashing out ha. If they're worried about whatever security they need to check everything before taking any bets. Once the bet is in they'd better pay somebody. No higher than a D for any book that would do such a thing.

[runhimout]

totally agree you take da bet you pay if u lose non negotiable

[wild willy]

If you wany your name included on the list just say so thanks

[runhimout]

if thats to me wild willy what list ??

[CS-Cedrick]

I agree with BBD when he says: Players are reminded to read all rules carefully before depositing with a sportsbook. I know most of us don't like that but trust me, there's tricky rules out there! In this case, if this guy have had his father approved the transaction and have had sent the approval letter and his father ID then his father would have been on file by now and he wouldn't have had this problem now, but, that didn't happen this way. Be careful fellahs with those rules, read them and if after that you still have any doubts contact the book to have them explain you what they mean with whatever they wrote.

[curious]

My two cents

Someone asked me to give an opinion on this mess. Not sure who it was. WW I think.

In my experience when you deal with off shore books you better do EVERYTHING exactly as the rules state. And you better not do ANYTHING that flags your account for any reason.

Failure to ensure that you are this squeaky clean will result in these books stealing big winnings using their excuses.

Yes, it is unfair to accept a deposit that is at risk and then refuse to pay out the winnings. The book will claim that this is for "security". That is bullshit. They put all these rules in so that they can have lots of technicalities to use not to pay winners.

I think that SBR should make it clear to these books that if they use technicalities to refuse paying legitimate winners then they are going to immediately go to an F- rating.

I think you are out this money because I am certain the book will use this "technicality" as an excuse to steal your winnings.

[wild willy]

No your missing the point anything goes with deposting its only with withdraws there's a problem. Look if some guy that deposited 20000 he should have known better. But some guy deposits 50 offshore come on man think about the situation.

[curious]

No your missing the point anything goes with deposting its only with withdraws there's a problem. Look if some guy that deposited 20000 he should have known better. But some guy deposits 50 offshore come on man think about the situation.

No, I understand. The books put this small print mumbo jumbo in their terms of service for a reason. So they can steal players winnings if they catch them violating a technicality when they get a payout. You could have deposited $50,000 using your dad's bank account and they would not have said a word as long as you lost. Yes, they are snakes, but they have you.

If you did this once you can do it again. Open a bank account in your name. Open several accounts at TRUSTED books and work your magic again.

[wild willy]

?

[CS-Cedrick]

No your missing the point anything goes with deposting its only with withdraws there's a problem. Look if some guy that deposited 20000 he should have known better. But some guy deposits 50 offshore come on man think about the situation.

Most books take these timeframe to "let the check clear", with that, they have the excuse of "getting the info at the moment of the payout" and, that can only be appealed with the account holder's bank statement showing the date in which that specific check cleared, hopefully way before the day he requested the payout.

[wild willy]

If you . ok clarify if you. I have not a penny in this. I play ****in proline.

[CS-Cedrick]

If you . ok clarify if you. I have not a penny in this. I play ****in proline.

Curious was talking to the guy with the problem at BetEd in tha specific phrase.