Topbet and a potential $30,000 win

**VegasInsider** · 12-08-13, 01:42 AM

Call them and see they'll work out a hedge with you. Just try to get anything out of it. Not too familiar with that book, but from what you're saying, it doesn't sound good.

**Greg242** · 12-08-13, 01:42 AM

Don't mean to laugh but that's just brutal you bet that on that random ass site instead of a reputable site.

**EmpireMaker** · 12-08-13, 01:44 AM

ride it out you will have a hard time getting paid (only an educated guess)

**EmpireMaker** · 12-08-13, 01:45 AM

tell them they can settle now for $2000

**seaborneq** · 12-08-13, 01:47 AM

If Auburn wins you will never hear a word from them again. The check will be in the mail. LOL

**luvnpeas** · 12-08-13, 07:45 AM

I was hoping for more helpful comments. I don't bet regularly and have never tried to get a payout from a company. I bet less than $20--like this $15 I bet on Auburn.

Maybe I overstated Topbet's negative reputation. Here is what SPR says about them:

TopBet sportsbook rating change

03.09.2012TopBet Sportsbook has received a ratings upgrade to C-. SBR reported in January of 2012 that new management acquired the TopBet domain, while the betting platform is still powered by FutureBet. TopBet management made the distinction that unlike other operators that ended up stiffing players under the FutureBet domain, it does its own processing.

So, based on this I am trying to figure out the best way to proceed. Normally I would hedge, but I can't hedge $30,000 and wouldn't want to put that much real cash into a betting site even if I could. I'd be willing to deposit say, $5,000 if I trusted the site. Should I trust a C- site with $5000? If I win $30,000 can I trust a C- site to pay. What is the practical meaning of SBR's grades?

**Easy-Rider 66** · 12-08-13, 07:52 AM

Something does not seem right here. You got 2000/1 when AU was being offered at 5/1 to win the Championship? They might just refund you your $15 if AU wins and claim it was a bad line. Let it ride and hope for the best.

**SportsMushroom** · 12-08-13, 08:12 AM

yeah nothing you can do

let it ride, if it wins, withdraw

if they give you trouble file a complaint with sbr, but if they are under new management and dont want to create a bad rep you should be ok

not worth it headging anyway, okla gonna be -300 to -400 on the ml

**Smoke** · 12-08-13, 08:20 AM

Yea man hate to say it bit no way are you gonna get paid the 30K if you win from a book with a bad past. They will find any excuse not to pay you. Read their rules section and see what you can find. Next time stick with a book like 5dimes or bookmaker

**luvnpeas** · 12-08-13, 11:35 PM

Originally posted by Easy-Rider 66

Something does not seem right here. You got 2000/1 when AU was being offered at 5/1 to win the Championship? They might just refund you your $15 if AU wins and claim it was a bad line. Let it ride and hope for the best.

Not sure what you mean. They weren't being offered at 5:1.

**nvrlose37** · 12-08-13, 11:39 PM

Originally posted by Easy-Rider 66

Something does not seem right here. You got 2000/1 when AU was being offered at 5/1 to win the Championship? They might just refund you your $15 if AU wins and claim it was a bad line. Let it ride and hope for the best.

He didnt mean 5-1 odds he meant their record was 5-1. Still hard to believe you would be offered +200000 on an SEC team at that record and stage in the season

**VegasInsider** · 12-09-13, 01:39 AM

**biggie12** · 12-09-13, 02:43 AM

FutureBet = HUGE WARNING SIGN.

they owe me and partners over 100k from 2007

GOOD LUCK

And it don't matter what site you bet that on. It would be $15 paid back or nothing. It was clearly a bad line

**cankid** · 12-09-13, 04:40 AM

think your in trouble to get paid but what ever you do dont hedge there, you might get screwed on the hedge also.

**Easy-Rider 66** · 12-09-13, 04:43 AM

Originally posted by nvrlose37

He didnt mean 5-1 odds he meant their record was 5-1. Still hard to believe you would be offered +200000 on an SEC team at that record and stage in the season

Thx for the clarification. Clearly I read it wrong.

**rm18** · 12-09-13, 04:51 AM

Originally posted by biggie12

FutureBet = HUGE WARNING SIGN.

they owe me and partners over 100k from 2007

GOOD LUCK

And it don't matter what site you bet that on. It would be $15 paid back or nothing. It was clearly a bad line

Auburn went 0-8 in the SEC last year are you serious?

**BennyBigNuts** · 12-09-13, 04:54 AM

Can't hedge a ticket that doesn't even exist.

**rm18** · 12-09-13, 04:57 AM

If you rode Auburn on the ML it would pay over 600/1 plus they needed help to get the game

**jjgold** · 12-09-13, 06:54 AM

Originally posted by BennyBigNuts

Can't hedge a ticket that doesn't even exist.

Yes 100% correct..he tried cleverly to promote a book

**biggie12** · 12-09-13, 12:16 PM

Futurebet is the biggest fraudsters out there.

Even if he is just promoting the site. Stay away from all futurebet sites.

**MickeyMan** · 12-09-13, 01:36 PM

Don't hedge...if auburn wins you can lose your hedge bet and not get paid the futures bet.

**Louisvillekid1** · 12-09-13, 01:44 PM

Everything is an investigation here

Believe Nothing

Bet Everything

**DAVEYCROCKET** · 12-09-13, 05:21 PM

Originally posted by Louisvillekid1

Everything is an investigation here

Believe Nothing

Bet Everything

I like it!!!

**Dr.Gonzo** · 12-09-13, 05:29 PM

Originally posted by jjgold

Yes 100% correct..he tried cleverly to promote a book

Failed hard though, everyone automatically thinks they'll stiff

**rangerz2478** · 12-09-13, 06:24 PM

Originally posted by luvnpeas

Sooooo, back when Auburn was 5-1 (I think), Topbet was offering 2000-to-1 odds on them to win the BCS title. I bet $15 on that. Meaning I stand a reasonable chance of winning $30,000 on Topbet.

Recently, I was looking at this site, and I noticed all kinds of bad things about Topbet, especially in the area of stiffing players on payouts.

I'd like to hedge, but that would mean putting thousands of real money into my Topbet account. Not sure I want to do that.

Any advice? Is $30,000 the sort of thing Topbet had ripped people off for in the past?

Edit: Also, how the heck do I edit the title of a post?

Wait, what do you mean back when Auburn was 5-1? You mean when OTHER books had them 5-1? If this is true, you are NOT going to get paid. They will look back at what current market price at the time was and void your bet.

**TennisProFrance** · 12-09-13, 07:11 PM

If you get paid and don't get limited afterwards I will get the winnings out for you but it's not cheap.

**luvnpeas** · 12-09-13, 11:39 PM

Originally posted by rangerz2478

Wait, what do you mean back when Auburn was 5-1? You mean when OTHER books had them 5-1? If this is true, you are NOT going to get paid. They will look back at what current market price at the time was and void your bet.

Their record was 5-1.

**muffins** · 12-10-13, 12:01 AM

No chance of getting paid, they weren't 2000-1 it was a mistaken 200-1.

**rangerz2478** · 12-10-13, 12:26 AM

Originally posted by muffins

No chance of getting paid, they weren't 2000-1 it was a mistaken 200-1.

If OP is telling the truth and it was through 6 games, I can believe 2000-1. Team wasn't close to a real threat after 6 weeks.

**bdc30** · 12-10-13, 01:52 AM

Makes me wonder if they were a +2000, as opposed to 2000/1, since it seems like op may not be all that familiar with betting? Anyway, would like to see the ticket if it exists.

**luvnpeas** · 12-10-13, 10:51 AM

It was not a mistake in the sense of an accident. Probably a mistake in the sense of bad bookmaking, but please recall that at this time there were multiple undefeated teams (Alabama, FSU, Oregon, Baylor, Ohio State, Missouri, Miami), and that Auburn didn't win a single conference game last year.

Many of their lines on the BCS title were in the same range. And, they maintained the lines for at least of couple of weeks. Here are all the wagers I have on the BCS title, that I placed in late October. This is copied directly from the "Pending Wagers" page of my Topbet account.

Ohio State to win. Proposition +1,000. 2013-10-28
Auburn to win. Proposition +100,000. 2013-10-28
Louisville to win. Proposition +50,000.2013-10-28
Clemson to win.Proposition +50,000. 2013-10-28

Auburn to win. Proposition +250,000.2013-10-22
Texas Tech to win.Proposition +50,000. 2013-10-22
Florida St to win.Proposition +300. 2013-10-22
Louisville to win. Proposition +50,000.2013-10-22
Texas Tech to win. Proposition +50,000.2013-10-22
Oregon St to win. Proposition +500,000. 2013-10-22

As you can see, they maintained a book of lines with the long shots in the same range as my Auburn bet. Auburn wasn't even the biggest odds--Oregon State was 5000:1. And, they maintained many wagers of this type for a couple of weeks. They adjusted the odds, while keeping them in same range. They adjusted the line on Auburn from 2500:1 to 1000:1 for example. (Oregon State dropped to +250,000, but I didn't take that bet). As I understand it, a "bad line" is basically a typo or glitch. There is no typo here.

Edit: Auburn's record was 6-1 on Oct 22.

**petac** · 12-10-13, 11:20 AM

they are going to scream bad line and not pay. Just be prepared for this. I would call the book and confirm the bet is valid before ANY hedge. You do not want to get screwed both ways. So just saying becareful. This book owes another poster 100k and stiffed him, from what I been researching on this forum. So just becareful buddy but hopefully Auburn wins and you get paid! I'm cheering for you.

**luvnpeas** · 12-10-13, 06:25 PM

According to this site, which looks reputable (it is based on a Vegas bookmaker), the odds on Auburn on October 14 were 9999:1. So, 2500:1 on October 22 is entirely reasonable and not a "bad line."

http://linemakers.sportingnews.com/ncaa-football/2013-10-14/bcs-odds-oregon-alabama-point-spread-betting-line-florida-state-clemson-baylor

ODDS TO WIN BCS CHAMPIONSHIP GAME, PASADENA, MONDAY, JAN. 6, 2014
ALABAMA 8-5 (2-1)
OREGON 8-5 (9-4)
OHIO ST 5-1
BAYLOR 6-1
FLORIDA ST 10-1
CLEMSON 12-1
LSU 15-1 (30-1)
LOUISVILLE 30-1
TEXAS A&M 40-1 (100-1)
UCLA 40-1
STANFORD 100-1 (12-1)
SOUTH CAROLINA 100-1 (200-1)
MISSOURI 200-1 (100-1)
FRESNO ST 1000-1
TEXAS TECH 1000-1
OKLAHOMA 1000-1 (30-1)
GEORGIA 1000-1 (25-1)
OKLAHOMA ST 2000-1 (1000-1)
MICHIGAN 9999-1 (40-1)
FLORIDA 9999-1 (200-1)
WASHINGTON 9999-1 (1000-1)
TEXAS 9999-1
NOTRE DAME 9999-1
USC 9999-1
OREGON ST 9999-1
ARIZONA ST 9999-1
NEBRASKA 9999-1
BYU 9999-1
VIRGINIA TECH 9999-1
ARIZONA 9999-1
BOISE ST 9999-1
MICHIGAN ST 9999-1
UTAH 9999-1
WISCONSIN 9999-1
NORTHWESTERN 9999-1
AUBURN 9999-1
IOWA 9999-1
FIELD 40-1

**luvnpeas** · 12-10-13, 07:01 PM

Huh. Topbet just called me. They offered to buy me out for $2500. I said no. They said they'd honor the bet if Auburn wins, but not for the full $30,000. In the small print of their terms somewhere, they limit the maximum amount you can cash out to $25,000 (probably relates to their willingness to offer long odds).