I want to start by saying that I think Bovada is an overall great book. They have a ton of betting options, pay out reliably and quickly, and their customer service is friendly and professional.
Unfortunately, they graded this past weekend’s Gilberto Ramirez fight incorrectly. Mistakes happen, and it wouldn’t have been a big deal if they eventually acknowledged it. I let them know via chat, message, and multiple phone calls. I was told that the fight was a “forfeit,” and my bet of KO/TKO/DQ was a loss. I read through their rules and couldn’t find anything to support their ruling.
I was eventually refunded my initial risk amount in the form of a bonus with a 1x rollover. This was a small wager, and at the end of the day, I’m not concerned about the money. I’m disappointed that an A+ book incorrectly graded the outcome of a professional boxing match.
Several things:
1 - Karpency quit in his corner because he was getting beaten badly and thought he had broken ribs (as a result of punches landed by Ramirez during the fight).
2 - It was officially announced from the ring as a TKO victory, and the ESPN commentators called it a TKO.
3 - It counts as a TKO on Ramirez’s official record.
4 - Technically, a “retirement” is considered a TKO.
I did a quick Google search and found articles talking about Ramirez’s TKO victory. I also found comments on another forum about Bovada attempting to grade a TKO as a loss this way back on November 3, 2018 (Donaire/Burnett). They eventually corrected it and credited bettors.
Again, I like Bovada. I understand that everyone makes mistakes. I can only hope that someone who has some influence will see this post and improve the way they grade boxing matches, and future boxing bettors will have their tickets accurately reflect the final outcome of the match.
As for me, I’ve withdrawn my money and I’m looking for a new book. I may return one day, but for now they’ve lost my respect and trust.