My experience with Sportsbookreview

[betpartners]

Technically, they are funded by groups such as SIS and the Horse Racing Levy Board, whose income comes from bookmakers. Hence why I used industry funded instead of bookmaker funded, but there is still a tie there.

Hi Santo

The levy board and MGM Trinity stopped funding in 2007 leaving SIS as the only source of their funding and in fact now pay 100% of the funding.

48% of SIS is owned by a combination of Ladbrokes and William Hills, and the tote, the tote is however a state company and does not have the same interests as the big two, but even with them the bookies make up a minority shareholding of SIS.

The other 52% is spread between the racecourse asscoiation, thales and racal, thales is mainly a defence and it contractor and racal i think is a business info service.

So at the very best the bookies ownership of SIS is a minority and at that it is just 3 arguably just 2 of the hundreds and hundreds of bookmakers signed up to IBAS.

Those bookies have to my knowledge no representatives on the arbritation panel, in fact the majority on the panel are journalists and academics with just 2 former betting shop managers on the panel out of 9, a representative of the racing post and a pro punter are in fact on the panel.

To say it is a industry funded organisation is true but only to a certain extent, at the very best it is funded very indirectly as a minority by just two bookies who have zero influence or say

It is a truley independant service authorised by the government and gambling commission, its only drawback is that it must by law act within the stated rules of each bookmaker.

The above info can be found on IBAS last annual report dated 2007 and wikipedia on sis and some google searches etc.

So Santo you are indeed correct in some respects but for anyone to suggest that this is a bookmakers tool that is biased is wrong, it is not and it is independant and funded in the majority by non bookmakers with the bookies having no representatives on the panel.

[rufcut]

fredrik, I don't know if non-UK residents can use the small claims court, but I would have thought so, when the company you are suing has a UK licence.
You could check out that link and send them an email or phone to clarify.

[Santo]

betpartners; we could get into semantics about whether the HRA is part of the industry or not, but I do agree with you in principle. As I said previously (in this thread or another, I forget) I've had good experiences with IBAS, and in the decisions I've read that have gone for/against people I know have found their reasoning to be reasonable. As you say, they go by the rules of the bookies, and in cases where the rule isn't explicit I have found they perhaps tend to err towards the bookie, but nothing significant.

[the_fredrik]

Eachway,

I can't work each case personally but we are reviewing Canbet and multiple open issues, a few involving the same bonus promo. The result will be reflected in their rating.

the_fredrik,
I'm sure your case is still a factor with SBR and is on the list of issues. Feel free to give the details here.
edit: Just saw 2nd post, I know Josh tried hard to get you paid through wagering mgt on that one. A clear cut case from what I recall. We still expect that to be credited through mgt. of the general business this week. It's a poor decision for even a B book.

You both are welcome to call our office number listed on the complaint form at anytime. Each person who works a case also has a phone number available to discuss details.

Any progress after talking to "mgt. of the general business"??

thanks
Fredrik

[shantystar]

I was thinking I'd better not tell what book it is since I do not want to upset them unnecessarily since I am trying to get them to give me money, but on the other hand, now I am thinking that if I just tell you what has happened so far in as fair a way as I can, they should not be upset because of that unless they are ashamed of their actions, right? And if they are, it is not too late for them to change their minds - so maybe this could even help?

So here is the story, please adjust/object sportsbookreview if you don't agree 100%. This is also more or less the letter I have sent to IBAS, my next attempt at trying to get my money, see www.ibas-uk.co.uk. I have screen shots to back up all my facts.

I have bet with Canbet for several years and they have always been fair to me and have excellent service in my opinion. On Friday Nov 7, I bet a total of 36544 euro.
On Saturday Nov 8 I logged in to double-check my account. The bets were still shown as pending.
On Sunday Nov 9 I logged in to find my balance 51492 euro, meaning that all bets had been correctly settled. I then requested a withdrawal for 50000 euro.

I did not receive any money, but instead they locked my account and sent me an email the next day.
Now they had voided my bets, more than 24 hours after the bets were correctly settled!
I replied suggesting that they have treated me unfairly and we exchanged a few emails. They said that they did not see my bets until after the events! Had they seen them before the events, they would have voided the bets before the events.

They have now sent me most of my stakes (minus 270 euro for a parlay that they did not void, but graded as a loss). I believe that they should honor all the bets which means paying me another 14385 euro.

The bets in question are parlays of 2 bets, what is usually referred to here in the forum as "Correlated Parlays": i.e. a spread bet combined with a total bet.

This is not at all an “obvious error” as Canbet claims. I know for a fact that most of the bets I placed with Canbet was also available at other bookies at the time. Also, I have bet this type of parlays with Canbet before and they have honored the bets then. Only now when many of my bets happened to win, did they decide to void my bets.

Even the rule they refer to in their email as a defense for voiding my bets clearly says that they allow the type of parlays that I have bet, see below. Here is part of an email I received from Canbet:

Please note that your recent Multi wagers on the NCAAF have been voided in accordance with Canbet Rule 24:

Multiple Bets are not accepted where the outcome of one part of the bet contributes to the outcome of another. If a client inadvertently or deliberately backs a related contingency in a multiple bet, the bet will be voided and the stakes returned.

a) Any multiple made up of more than one selection from the same event will be deemed a related contingency. i.e. Alan Shearer to score 1st & Newcastle Utd to win; Denver -7.5 pts and Denver to win the game. The only exception to the above is in North American sports where sides and totals can make up a multiple bet.

i anal ibas,they are sipporters of fake bookies,what they ruling in my disputewith crook bookmaker paddy power and confiscated my 1000 euros winnings.

[chance]

The Fedrik. I doubt you will be able to get any money. I know the decision makers at Canbet. They wouldn't like someone out smarting them. You were very clever especially that they wrote the exception into their "rules".

For your info they are currently under a hostile takeover bid for Canbet/Iasbet.

Sportsbet have become a major shareholder in IAS Bet after spending around $2 million in acquiring just over 10% of the company. This comes three weeks after Centrebet launched a hostile takeover bid for IAS Bet. The status of that bid is uncertain however after IAS Bet have refused to release Centrebet from confidentiality and standstill obligations agreed to as part of last year's sale process. IASBet last traded at 0.345, up from 0.16 when the Centrebet takeover bid (0.33 per share) was launched.

[ijustwant2bpaid]

Moral of the story? Stick with books ran by the MOB.

No one woulda taken his angle on a book ran by the mob... Go Bears!

[Sunday Rider]

Canbet SUCKS A$$

They change their policies/rules on a daily basis n they do it whenever they see fit so u lose money.

Ur always wrong, they're always right.. DO NOT PUT A CENT IN WITH CANBET!!!