Has anyone gotten paid from them? I was up about $6,000 and they closed my account and refused to pay and accused me of cheating.
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This is the email Willy from Wagercoast sent me:
Our risk and compliance team recently reviewed your wagering activity as part of our routine monitoring. During this process, certain patterns were identified that align with what is known in the industry as "steam betting" and "syndicate action"
It’s crazy because I slowly built up my total and am not any kind of pro.Comment -
I've had a payout request not paid since February 26....BEFORE the DOS attack. They have assured me several times of payment but have failed. The only logical conclusion is that they do not have the funds. I will post if I get paid.Comment -
I don’t even know how to follow a tipster, I’m very much new to all of this. I was just placing wagers on live basketball. I was only using wagercoast and no other books, I understand some people use software or something but I don’t even know how to do to all of that.Comment -
How did you two come across this bookmaker?
Google search shows up SBR Forum as the only non-company site to mention them at all https://www.google.com/search?q=Wagercoast.Comment -
I think I signed up for betwws but I got a text from someone named Michael Money giving me my wagercoast loginComment -
Nearly 4 months now without a payment. I keep getting assurances from their agents but customer service declines to answer my emails. I think they might be toast but I will report if they can come up with some sort of paymentComment -
Anybody else here still waiting for a payment from wagercoast (formerly betwws)? They keep saying "soon" but haven't made an attempt to pay anything. I will report if/when that changesComment -
4 and a half months and counting now without a payout....they're,still working on it!Comment -
does betwws pay?Comment -
LOL....They claim to pay...as long as you lose! After 5 months of promising to pay in full from Barry, Willy, Gary, Pri, guess what?....They sent me the "We've decided you're a professional letter and we're keeping your balance and and all deposits. These low lifes are
typical of a classless outfit that can't pay once you hit and will make any excuse to cover their assComment -
I got the same thing today...
Following an extensive review conducted by our Risk Management team, your account has been classified as sharp and not reflective of recreational betting behavior. This classification represents a direct violation of our Terms and Conditions, specifically Rule 5.6.
Violations Identified:
1. Steam and Syndicate Play
Our analysis found clear evidence that your account has been engaging in steam betting, particularly through the exploitation of halftime lines—placing wagers in close proximity to rapid market movement and line shifts. Additionally, wagering patterns are consistent with syndicate behavior, which involves coordinated or signal-based betting strategies. These actions are strictly prohibited under Rules 5.3 and 5.6 of our Terms and Conditions.
2. Lack of Recreational Indicators
Your wagering history shows:- No use of parlays, teasers, or other high-variance betting formats typically associated with casual play.
- A systematic and risk-controlled approach, indicative of a professional betting strategy.
3. Statistical Irregularities
Our performance analysis over a significant sample of wagers at standard -110 odds revealed a win rate exceeding 65%, a result that statistically has less than a 0.1% probability of occurring by chance. This strongly suggests the use of predictive models or informational edges, which are outside the scope of acceptable use for our platform.
As a result of these findings, your account has been permanently closed, and any remaining balance has been withheld in accordance with our Terms and Conditions due to clear and repeated violations.
We appreciate your understanding. Please note that this decision is final and not subject to appeal. Should you have any further questions, you may reply to this email
Best Regards,
Risk Management TeamComment -
HAHAHA fucking thieves. They had big payouts and they were so quick initiallyComment -
Unbelievable. I actually felt these guys were semi competent.
So by “risk management” they mean the person who was supposed to be watching to begin with decided to go back and review AFTER multiple plays and make the decision. Basically like a safety inspector waiting for the airplane to crash before going back and saying they found safety violations and deeming it unfit to fly.
Sadly - that’s the state of offshore. Not that legal US facing apps won’t try the same thing - only difference is there’s a regulator who eventually tells them to pay up. If someone is betting steam - it’s up to you to catch them and stop them - not allow them to keep playing and take funds if they lose. If caught - first time is a warning, 2nd offense is disabled account and forfeited bonus and winnings with return of stake after deducting those 2.
Stating not playing a parlay/teaser is professional is a joke. I haven’t bet either in 10 years - doesn’t make me a pro.
Likewise statistically stating winning over 65% at -110 odds is highly unlikely. This is correct theoretically I guess - in theory after a billion or so wagers then without inside info/rigged games its should be impossible to win 65% of coin flips. Even a million would be pretty damn tough to do. But I somehow doubt anyone accused of this exceeded 10k or so wagers and with such a relatively small sample size - anything is POSSIBLE. I can point to plenty of winning cappers who have documented seasons sharing picks with a win rate above 60% here - it’s not impossible, it’s actually quite doable. Again - do it over the course of a decades worth of seasons then your are arguably in the top tier of pros - but shop has only been open 2 years - so no one has beaten them 10 straight years.
Sucks - but again anyone playing there knew they were taking risk too. I was a willing player last football season and they paid me every cent owed. I stopped because I simply don’t do much basketball and was considering coming back in small for bases - but the sudden lack of depth in conversations with Willy made me stay away. Enjoyed talking to him - and found him to be an experienced mind when running an offshore book. No doubt he has been around the block a time or 2 and likely under other names in the past.Comment -
Just typical scammers who can't/won't pay once your balance gets to 4 figures. Dishonest people who after reviewing my background by risk management assured me of payment and then delayed it by 5 months and finally went belly up and said no pay...not even the several 1000 deposits I made. They need to be prosecuted.Comment -
They claim to be licensed but will not reveal that license and will not post it like other reputable sportsbooksComment -
A check by the Financial Services Regulatory Commission (FSRC) in Antigua/Barbuda revealed they DO NOT have a license. this is the regulatory body for sportsbooks and gaming. So in addition to being thieves, they are confirmed liars.Comment
