All Broker, Agent and Offshore Exchange Issues

[infotimbo]

Didn't realize they operated so differently. I was up a decent number on ps3838, but since they switched to piwi I'm in the red overall. Guess I need to start looking for a new broker as having access to pinnacle is pretty vital.

can't say for certain, but it seems like they have a different kind of white lable deal. As far as I know, when using Ps3838, the brokers have the options to either offer full Pinnacle limits to their customers (but take 50% risk themselves), or offer 50% limits only (with pinnacle taking full risk). Most opt for the latter.

That second option doesn't seem to exist on Piwi, so I guess the agent needs to take risk, meaning a winning account always causes losses for them.

[weeminer]

The thing is, for big majority of betting agencies, winning less than 10k but say in the 5-8k range is considered a big amount. On average I am sure US bettors are considered big players compared to Europeans, and probably most of their customers are from Europe. But I wouldn't complain if they did pay the winnings.

Also probably the amount was won on a short timeframe and the broker got scared the player would quickly win 5 figures.

I'd be pretty surprised if this was the case. I've had low six figure swings (both + and -) using brokers, and never had any issues or hints of limiting previous to this. My single game limit on piwi is 10k euro, so I doubt 5-8k means much to them.

yeah, it's common practice at piwi247 at least that winning players immediately get the boot, while I never heard about it happening on ps3838

Didn't realize they operated so differently. I was up a decent number on ps3838, but since they switched to piwi I'm in the red overall. Guess I need to start looking for a new broker as having access to pinnacle is pretty vital.

[Swaggy P]

Is Pinnacle still regarded as the number 1 sportsbook in the world? Or is there another one now?

[infotimbo]

It's also likely IMO that Piwi247 was the one limiting, not Pinnacle.

yeah, it's common practice at piwi247 at least that winning players immediately get the boot, while I never heard about it happening on ps3838

[Poisec]

It's also likely IMO that Piwi247 was the one limiting, not Pinnacle.

[Poisec]

Friend of mine that I got to sign up for Piwi247 was just limited on his sports (pinnacle) account to 1 cent. I thought brokers generally don't limit?

It's a bit strange as he hasn't won very much (<10k)

The thing is, for big majority of betting agencies, winning less than 10k but say in the 5-8k range is considered a big amount. On average I am sure US bettors are considered big players compared to Europeans, and probably most of their customers are from Europe. But I wouldn't complain if they did pay the winnings.

Also probably the amount was won on a short timeframe and the broker got scared the player would quickly win 5 figures.

[Optional]

We almost need a sub forum for the constant flow of agent problems now.

There is no such thing as a "reputable" Pinny broker allowing USA players from regulated states. And AFAIK Pinny do not want brokers openly bypassing those laws in those states themselves.

That could be part of the reason why your account was limited.

[weeminer]

Piwi247 - Limited on pinnacle

Friend of mine that I got to sign up for Piwi247 was just limited on his sports (pinnacle) account to 1 cent. I thought brokers generally don't limit?

It's a bit strange as he hasn't won very much (<10k), and I've personally had no problems with them. When he asked them about it, they gave him some generic response like "Our game provider decided to limit your max bet. Sorry."

Happen to anyone else? What's another reputable broker to use for pinnacle if located in the US?

[Optional]

I think Isle of Man is a respectable licensor and regulator.

Nothing near like Curacao.

[Alfie White]

Isle of Man License is exactly the same like Curacao, still low value license.

You are clueless lol.

[Maikiti]

Isle of Man License is exactly the same like Curacao, still low value license. Sportmarket Pro is exactly the same as the PremiumGoal and BIA Black, very little difference, but on 90% same. The main reason of existence of betting brokers is to give you loophole access to bookies were you cannot open account personally.

[Namtambo]

Sorry! Other question, when I'm using SportMarket Pro to bet which is submitted to bookmaker(like pin88) is bet ID or my user name plus bet ID?

this is what's currently available for a random NBA market:

[Namtambo]

Many thanks and noted

this is what's currently available for a random NBA market:

[infotimbo]

Can I bet NBA/MLB more than 40k per day for 4 bets using Sportmarket Pro?

this is what's currently available for a random NBA market:

[Namtambo]

According to this comment, Can I bet NBA/MLB more than 40k per day for 4 bets using Sportmarket Pro?

The Sportmarket Pro (or generally Mollybet kind of-) platform is a massive plus indeed. It makes betting 10 times more comfortable, and you won't find that outside the agents.

[littlekona]

if you wager on horses a Agent account is a dream come true with the exchange options for many. bottom line its a decent option and the more the better

[infotimbo]

The Sportmarket Pro (or generally Mollybet kind of-) platform is a massive plus indeed. It makes betting 10 times more comfortable, and you won't find that outside the agents.

[Alfie White]

AC88 is obsolete, you should use Sportmarket - there you can see the real benefits with 10+ bookmakers and they have proper licensing under their belt.

[infotimbo]

How do they help with getting around jusisdictional laws? If the bookie asks for KYC documents, does the broker provide them?

That certainly WOULD be a value-add but I find it crazy that they can build a business just around people wanting to get around those.

what's so crazy about it? Bookies like Pinnacle or Betfair aren't accessible from many/most countries anymore, so an agent gives you the possibility to still do so. That's imo the main reason for most people to use them. And it's a very valid one.

If you're happy with what else you have access to, sure, no need to use an agent.

[Optional]

I already think you should avoid using them, so I am not going to argue with you about why you should. Just gave you my opinion.

[wakle]

How do they help with getting around jusisdictional laws? If the bookie asks for KYC documents, does the broker provide them?

That certainly WOULD be a value-add but I find it crazy that they can build a business just around people wanting to get around those.

Feel like most TOCs also say you can't use middlemen though, so you're like double-breaking TOC... do any brokers offer any sort of guarantees against account closure? I'd imagine they have some sort of predictable pattern to how they open accounts and if they ever got caught, their whole web of broker accounts might get closed, losing their customers a ton of money.

[Optional]

Transfer funds between books without having to withdraw/deposit is part of it.

But mostly it's to get around jurisdictional laws. Or to get around being booted by the bookmaker directly.

I think most of them do KYC now just to protect themselves from you making multiple accounts, not for the proper reasons.

[wakle]

What exactly is the point of a betting broker?

Like asianconnect88

I signed up to see what their UI looks like, and as far as I can tell:

• There's no "centralized" account balance: you still have to deposit into every separate bookie. And they won't give you an account for that bookie until you do
• They still do KYC: I was asked for it minutes after making an account
• You still access the various bookie sites through their respective websites. It's not like the broker created a centralized sportsbook or anything.

So instead of opening 4 different accounts with 4 different bookies, I open one account with the broker, deposit 4 times, wait for them to make 4 different accounts for me, then I still open all 4 of those sites separately, just using the login credentials they gave me. I don't really see how that's much of a value-add. I'm probably missing something here, so what exactly DOES the broker do besides open accounts for me? Do they make the withdrawal process easier? Do they prevent bookie KYC (even though I had to KYC with the broker anyway)?

Probably a stupid question, any info would be helpful!

[Namtambo]

thanks

no, not at all. It depends on the sport/event, same as everywhere else. Can be everything from $50 max to over 10k

[infotimbo]

no, not at all. It depends on the sport/event, same as everywhere else. Can be everything from $50 max to over 10k

[Namtambo]

Sorry can I bet 10k usd per bet without any problem?

No, they never limit you. Because they are not a bookmaker and don't take positions. They make their money on turnover.

[kursonik]

Orbitx currently has 2FA verification. This should reduce unwanted cricket betting

[MeryMaria]

They are asking for my personal information such as ID number and email, which I don't have because I don't have an account on betfair.com and they can't help me, according to the live chat agent. I'm still desperate.

[Alfie White]

In their T&C they reserve the right to forfeit your balance if there is reasonable grounds to close the account due to "fraudulent" bets. It is Curacao licensed entity and it will be close to impossible to get those funds back. Only thing you can hope for is to get your deposit back, but I wouldn't get my hopes up.

[Optional]

I would try reporting them to Betfair here as one action: https://support.betfair.com/app/cont...unauth-dispute

[MeryMaria]

thanks for answering,Of course, I sent them 3 emails so that they could send me the fraudulent bets and I have not received an answer from any of them, and the agents with the live chat tell me that a decision has been made and there it stays, they do not give me any further explanation, what Yes, I want me to contact them via email, but they don't tell me anything, by the way, they just left my account at 0. My money has flown from the Whitehorse account, this can be reported, they have stolen €20,095 while trading (LAY -BACK) where I can upload all my betting history and see it, I'm very angry, I need help to get my money back

[billax]

hi Mery
I had almost the same issue with my funds closed with Betfair but thank fully I got my money back!
I know Brokerstorm I'm their customer too but I never had issues except the delay of the withdrawals.
I always get my money but my trades are for sure lower amounts..
Did you try to contact them via online chat or email?

[Optional]

We believe you that your bets are not fraudulent. Plus, we could not tell without many hours of investigating every line item. We need an explanation of what is fraudulent about them from the broker.

But as Alfie already said, once one of these outfits decides to steal your money, not much can be done.


I did not even realize that there was any Betfair white label that still allowed Lay betting on horses. Not shocked any operator who does would end up needing to do things like this to make a profit.

[Alfie White]

I'm sorry to be one to say this, but you will never see a dime of that money.

[MeryMaria]

Brokerstorm account locked with 20k Whitehorse Exchange

Hi SBR forum, I've been registered for almost a week now and today I was finally able to make a post about my case. I was advised to come to this forum to see if anyone can help me with my situation.

After a long wait and as expected, they have confiscated my balance of 20k which, according to their terms and conditions, they have the right to do if I make fraudulent bets, but I am a professional trader and they know as well as I do that in horse races the odds move quite quickly both before the races start and in LIVE (UK - Ireland, USA and Australia). I will upload my excel of all the movements so that a professional who knows how to be here can see something fraudulent, so I would like to ask for help from whoever is appropriate and tell me the reason for confiscating my 20k funds and as they said in their email:We would like to inform you that after investigation of your Whitehorse account of Compliance team they found that you proceeded with fraudulent betting activity which constitutes violation of our Company Terms and Conditions,which means that your account will close permanently. Regarding Funds which occur from fraudulent activity as mentioned on our Terms and Conditions company reserves the right to forfeit balance /cancel void such bets and/or suspend player's account.I want to see the bets that I have made if they are fraudulent, I need help from the forum and whoever is appropriate, as well as saying that I have videos of how I was operating (if something serves as proof), because as a trader this house is the best I have seen in equalizing bets in horses (LAY-BACK) for those of us who cannot have betfair.com, I hope for help from you because we are not talking about little money.

If someone could tell me how to upload my Excel file so that they can see all my bets, I would appreciate it as a helpful contribution. Thank you.