Edit by SBR: We have spoken at length with Bovada. It is their position that there was account activity which violated the cited sections of their ToS. It is an unusual case in that normally there is more information exchange, but we understand their hesitance to go on the record to be an effort not to undermine security. It leaves a desire for more information in the court of public opinion, to be sure, and we wish we could elaborate.
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I already filled out a complaint form from SBR on Monday at 2:50PM EST. I sent them a follow up email yesterday at 11:40AM and haven't heard anything. I saw a couple of posters on this forum with a very similar story to mine so I'm very worried now. This is the first time I've played at a sportsbook where you send money upfront.
Here's a basic summary of events (this is what I sent to SBR as my follow up after filling out complaint).
- Deposited on bovada. Lost 6.5K
- Deposited 9K turned it into 40K
- Asked for 10K by bitcoin, they lock account ask for id, selfie, and bill
- Sent everything to them, they sent the money and unlocked account
- Next day account is locked again.
- Spent next couple days on live chat, no answers. Tell me they will call in within 48 hours.
- 48 hours comes and goes. Then they say "we meant business days". They never said that before. I ask for number to call in. They won't give one (say no phones even though they said they will call, wtf)?
- Tell them I'm going to find places to report them.
- Get an email saying I violated terms (don't say which one) and they are "voiding" my balance of 30 thousand. WTF!!!!
- They send what they consider my "deposit" around 5,000. But are keeping the 25,000 I won.
I'm totally confused how a sportsbook that is so highly rated here is basically stealing my money and trying to cover it up with word games like "voiding my balance" as if they're canceling an order I placed because the item is out of stock. They had no problems with my account when I dropped 6,500 there. But as soon as I win they have all sorts of issues. How is this allowed?
Besides SBR is there anything else I can do? Or do they get to just take my money with zero repercussions?
Any help appreciated. If you have a question please ask.