1. #1
    luvnpeas
    luvnpeas's Avatar Become A Pro!
    Join Date: 12-08-13
    Posts: 29
    Betpoints: 102

    Topbet and a potential $30,000 win

    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?
    Last edited by luvnpeas; 12-08-13 at 12:44 AM.

  2. #2
    VegasInsider
    Update your status
    VegasInsider's Avatar Become A Pro!
    Join Date: 12-12-10
    Posts: 14,593
    Betpoints: 18

    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.

  3. #3
    Greg242
    Greg242's Avatar Become A Pro!
    Join Date: 11-07-11
    Posts: 551
    Betpoints: 6854

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

  4. #4
    EmpireMaker
    EmpireMaker's Avatar SBR PRO
    Join Date: 06-18-09
    Posts: 15,422
    Betpoints: 249

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

  5. #5
    EmpireMaker
    EmpireMaker's Avatar SBR PRO
    Join Date: 06-18-09
    Posts: 15,422
    Betpoints: 249

    tell them they can settle now for $2000

  6. #6
    seaborneq
    It's time to collect
    seaborneq's Avatar Become A Pro!
    Join Date: 09-08-06
    Posts: 22,556
    Betpoints: 13422

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

  7. #7
    luvnpeas
    luvnpeas's Avatar Become A Pro!
    Join Date: 12-08-13
    Posts: 29
    Betpoints: 102

    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?

  8. #8
    Easy-Rider 66
    Easy-Rider 66's Avatar SBR PRO
    Join Date: 02-14-12
    Posts: 33,055
    Betpoints: 3177

    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.

  9. #9
    SportsMushroom
    SportsMushroom's Avatar Become A Pro!
    Join Date: 09-28-10
    Posts: 4,177
    Betpoints: 6839

    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

  10. #10
    Smoke
    Smoke's Avatar Become A Pro!
    Join Date: 10-09-09
    Posts: 48,111
    Betpoints: 1510

    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

  11. #11
    luvnpeas
    luvnpeas's Avatar Become A Pro!
    Join Date: 12-08-13
    Posts: 29
    Betpoints: 102

    Quote Originally Posted by Easy-Rider 66 View Post
    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.

  12. #12
    nvrlose37
    nvrlose37's Avatar Become A Pro!
    Join Date: 06-01-12
    Posts: 2,730

    Quote Originally Posted by Easy-Rider 66 View Post
    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

  13. #13
    VegasInsider
    Update your status
    VegasInsider's Avatar Become A Pro!
    Join Date: 12-12-10
    Posts: 14,593
    Betpoints: 18


  14. #14
    biggie12
    biggie12's Avatar SBR PRO
    Join Date: 12-30-05
    Posts: 13,443
    Betpoints: 983

    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

  15. #15
    cankid
    cankid's Avatar SBR PRO
    Join Date: 08-22-08
    Posts: 7,086
    Betpoints: 10294

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

  16. #16
    Easy-Rider 66
    Easy-Rider 66's Avatar SBR PRO
    Join Date: 02-14-12
    Posts: 33,055
    Betpoints: 3177

    Quote Originally Posted by nvrlose37 View Post
    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.

  17. #17
    rm18
    Update your status
    rm18's Avatar Become A Pro!
    Join Date: 09-20-05
    Posts: 22,291
    Betpoints: 207814

    Quote Originally Posted by biggie12 View Post
    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?

  18. #18
    BennyBigNuts
    BennyBigNuts's Avatar Become A Pro!
    Join Date: 04-16-12
    Posts: 8,700
    Betpoints: 1078

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

  19. #19
    rm18
    Update your status
    rm18's Avatar Become A Pro!
    Join Date: 09-20-05
    Posts: 22,291
    Betpoints: 207814

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

  20. #20
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Quote Originally Posted by BennyBigNuts View Post
    Can't hedge a ticket that doesn't even exist.
    Yes 100% correct..he tried cleverly to promote a book

  21. #21
    biggie12
    biggie12's Avatar SBR PRO
    Join Date: 12-30-05
    Posts: 13,443
    Betpoints: 983

    Futurebet is the biggest fraudsters out there.

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

  22. #22
    MickeyMan
    MickeyMan's Avatar SBR PRO
    Join Date: 10-20-09
    Posts: 5,091
    Betpoints: 14295

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

  23. #23
    Louisvillekid1
    LAMAR MVP!
    Louisvillekid1's Avatar Become A Pro!
    Join Date: 10-17-07
    Posts: 52,044
    Betpoints: 553

    Everything is an investigation here

    Believe Nothing

    Bet Everything

  24. #24
    DAVEYCROCKET
    DAVEYCROCKET's Avatar Become A Pro!
    Join Date: 12-06-13
    Posts: 194

    Quote Originally Posted by Louisvillekid1 View Post
    Everything is an investigation here

    Believe Nothing

    Bet Everything
    I like it!!!

  25. #25
    Dr.Gonzo
    Dr.Gonzo's Avatar Become A Pro!
    Join Date: 12-05-09
    Posts: 4,660
    Betpoints: 3192

    Quote Originally Posted by jjgold View Post
    Yes 100% correct..he tried cleverly to promote a book
    Failed hard though, everyone automatically thinks they'll stiff

  26. #26
    rangerz2478
    rangerz2478's Avatar Become A Pro!
    Join Date: 08-06-12
    Posts: 1,194
    Betpoints: 12330

    Quote Originally Posted by luvnpeas View Post
    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.

  27. #27
    TennisProFrance
    TennisProFrance's Avatar Become A Pro!
    Join Date: 10-09-11
    Posts: 395

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

  28. #28
    luvnpeas
    luvnpeas's Avatar Become A Pro!
    Join Date: 12-08-13
    Posts: 29
    Betpoints: 102

    Quote Originally Posted by rangerz2478 View 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.
    Their record was 5-1.

  29. #29
    muffins
    muffins's Avatar Become A Pro!
    Join Date: 03-03-12
    Posts: 145

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

  30. #30
    rangerz2478
    rangerz2478's Avatar Become A Pro!
    Join Date: 08-06-12
    Posts: 1,194
    Betpoints: 12330

    Quote Originally Posted by muffins View Post
    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.

  31. #31
    bdc30
    bdc30's Avatar Become A Pro!
    Join Date: 12-03-13
    Posts: 162
    Betpoints: 590

    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.

  32. #32
    luvnpeas
    luvnpeas's Avatar Become A Pro!
    Join Date: 12-08-13
    Posts: 29
    Betpoints: 102

    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.
    Last edited by luvnpeas; 12-10-13 at 10:17 AM. Reason: add Missouri and Miami

  33. #33
    petac
    petac's Avatar Become A Pro!
    Join Date: 07-09-13
    Posts: 92
    Betpoints: 322

    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.

  34. #34
    luvnpeas
    luvnpeas's Avatar Become A Pro!
    Join Date: 12-08-13
    Posts: 29
    Betpoints: 102

    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/n...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

  35. #35
    luvnpeas
    luvnpeas's Avatar Become A Pro!
    Join Date: 12-08-13
    Posts: 29
    Betpoints: 102

    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).

12 Last
Top