1. #1
    lonnie55
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    Betmaster.com is a scam

    They are relatively new in the market, yet they are a proven scam as they voided all my bets (138 if I not miscounted) retroactively back to February 22 when I tried to make a withdrawal.

    Of course they couldn't give me a proper explanation because the only explanation is: stealing.

    I didn't take a bonus or free bet or anything else.

    They said they will return my deposit but withdrawals are technically not possible at the moment so maybe they even stole my deposit, not yet sure.

    For those who are interested I uploaded my bet history: https://www.dropbox.com/sh/rmvu7jj32...RzFMhx1dARNoka

    They used Cyrillic script in their email headers so maybe they are related to Russian scam operations like 1xbet etc.

    STAY AWAY

  2. #2
    lonnie55
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  3. #3
    newton0038
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    Suspicious activity should mean they are looking inot it, but im sure that is not the case. If its Russian, all is lost

  4. #4
    tommir99
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    Wow.. thank you for the warning. I noticed I had bookmarked it before, as they had that 100% welcome bonus, but if they cancel bets then the money is better spent somewhere else.

  5. #5
    Brooklyn
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    Lonnie wouldn't it be better with these relatively unknown books, to just make several bets and request a smaller 4 digit withdrawal to test them first if they pay at all?

    Because placing over a hundred bets and then only to find out it was for nothing, it's quite time consuming and frustrating.

  6. #6
    eaglesfan371
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    My guess is you're an arb. How much vig/cost do you factor in for bad debt as it seems a lot of books are stiffing you. I would imagine you have to increase your arb requirements just to handle these losses.

  7. #7
    Vyasports
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    Quote Originally Posted by eaglesfan371 View Post
    My guess is you're an arb. How much vig/cost do you factor in for bad debt as it seems a lot of books are stiffing you. I would imagine you have to increase your arb requirements just to handle these losses.
    He posted his bet history, take a look. Doesn't look like "arb" to me...He does a lot of value betting... and increases his stakes when high in profits...

  8. #8
    lonnie55
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    Quote Originally Posted by Brooklyn View Post
    Lonnie wouldn't it be better with these relatively unknown books, to just make several bets and request a smaller 4 digit withdrawal to test them first if they pay at all?

    Because placing over a hundred bets and then only to find out it was for nothing, it's quite time consuming and frustrating.
    I made the withdrawal request when my P/L was +2k

    Verification process took 16 days and they said before that they accepted my documents and that I shall wait a bit longer. At this point I was already limited to 50-75 stakes, so I placed some more bets and ended with +4k

    The problem in general is: The earlier you ask for a withdrawal the higher the risk of getting limited. In my experience it's smarter to wait a bit and take the 10-15% risk that the book is a scam, instead of taking only 1k but risk a red flag.

  9. #9
    kkkkk
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    assuming the info from your screenshot - german account and bulgarian ip can be suspicious for them

  10. #10
    lonnie55
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    Quote Originally Posted by kkkkk View Post
    assuming the info from your screenshot - german account and bulgarian ip can be suspicious for them
    What the hell are you talking about? It's my account and a dynamic German IP from my location, no VPN/Proxy or anything else was in use at any point

  11. #11
    Motorhead11
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    Had a mare getting my money from them 3-4 months ago as well. Took me a month but i finally got paid.

    By the way, have you threatened them that you will post a complaint etc? In mine case, that worked as i was able to speak directly to manager etc

  12. #12
    lonnie55
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    Quote Originally Posted by Motorhead11 View Post
    Had a mare getting my money from them 3-4 months ago as well. Took me a month but i finally got paid.

    By the way, have you threatened them that you will post a complaint etc? In mine case, that worked as i was able to speak directly to manager etc
    I've never seen any book that returned the decision to confiscate all winnings

  13. #13
    Motorhead11
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    Quote Originally Posted by lonnie55 View Post
    I've never seen any book that returned the decision to confiscate all winnings
    True this. Unfortunately it has become latest trend as well.

  14. #14
    lonnie55
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    Today I got back my deposit (and a bit more but that is due to their stupid system)

    I will see what I can reach now by forwarding the case to the lawyer

  15. #15
    Motorhead11
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    Quote Originally Posted by lonnie55 View Post
    Today I got back my deposit (and a bit more but that is due to their stupid system)
    I will see what I can reach now by forwarding the case to the lawyer
    Seen you mentioned your lawyer under many threads

    Did you ever had any success with him?

  16. #16
    lonnie55
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    Quote Originally Posted by Motorhead11 View Post
    Seen you mentioned your lawyer under many threads

    Did you ever had any success with him?
    nope

    but the Curacao lawyer works on a no cure no pay basis if the amount in dispute is high enough, so not much to lose
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: Motorhead11

  17. #17
    lonnie55
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    https://bitcoinexchangeguide.com/betmaster-ico/

    This article is amazing. Some samples:

    Years of research has helped this giant online betting company come up with a scientifically reinvented business model
    If you visit their website and see how the platform operates, you will with no doubt agree that the company has achieved unrivaled operational efficiency.
    The main reason behind their success is because they value their clients and have created a platform that has enabled them to bet and win easily.
    ...


  18. #18
    tommir99
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    Especially that last part was hilarious. They value their clients so much that they void all their bets.

  19. #19
    alano83
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    Hello, unfortunately, I too was involved with this book. It's been 3 days since the account has stopped with my money to check just because I won. Can someone help me? Chat is of no use in emails, never replies

  20. #20
    alano83
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    Upupup

  21. #21
    deleder
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    how did this end?

  22. #22
    lonnie55
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    Quote Originally Posted by deleder View Post
    how did this end?
    What case are you talking about? Mine or alano's?

    My money was confiscated.

    BTW, Betmaster is broke. There are ongoing bankruptcy proceedings according to my sources.
    Points Awarded:

    ispaneca1984 gave lonnie55 2 Betpoint(s) for this post.


  23. #23
    Vyasports
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    Quote Originally Posted by lonnie55 View Post
    What case are you talking about? Mine or alano's?

    My money was confiscated.

    BTW, Betmaster is broke. There are ongoing bankruptcy proceedings according to my sources.
    thnks fr heads up

  24. #24
    tyraxx
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    a similar situation for me, they block the account they say that I have more than one account, without giving any proof.
    is Betmaster a scam?

  25. #25
    deljuve
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    Avoid betmaster. They let you withdraw some small amounts, but in the end they confiscates at least smth. If you win, then they starts to do verification for weeks and ask for many selfies and other docs. Then they cancel you bets that was done 1 or 2 months ago and only then you can expect to receive some of your money.

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