Brokerstorm/Whitehorse/Winfair24 - STAY FAR AWAY (scam)

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Blinct
    SBR Rookie
    • 04-14-21
    • 9

    #1
    Brokerstorm/Whitehorse/Winfair24 - STAY FAR AWAY (scam)
    So during a period of about one and a half months i was able to make a 1000 EUR deposit into over 20000 EUR by using the back-lay strategy. I then got my account suspended and closed. Before we got to that point I was able to do some withdrawals, and got a total of 11500 EUR withdrawn from the platform. What happened to the rest you may ask?

    1: Suspension! My account was suddenly suspended without any warning, and they would totally refuse to let me cash out of the bets i had for that day. I contacted them by customer service but they basically told me they do not care. Total loss: 6000 EUR.

    2: Account closure! 6200 EUR seized. "You have breached our T&C." How?? I do not know. Funny thing is they dont eiter. I was able to make and withdraw 11500 EUR with the same strategy, but the rest was according to them made from a breach of their T&C. How does that even work??

    As a matter of fact the Whitehorse "exhange" is not an exchange at all. I should have understood this when a 2000 EUR bet got matched instantaneous in the morning hours, but i thought perhaps a lot of users were using this platform? But in fact brokerstorm is not a broker at all but a sportsbook, and they are betting against you. This is the case with both Whitehorse and their new Winfair24 platform. They are claiming they are in the betfair markets but how would that be possible with a 3-4% commission? Too good to be true. Winners at betfair pay at least 20% commission.

    My last withdrawal from brokerstorm without problems was 1st of may, and then the 6th the account was suspended. The rest of the story is as told. I think it's funny how the first 40 days of that very same strategy was "ok", but then when they had had enough, five days was all it took from my activity being "ok" to absolutely not ok, to an extent were they saw it neccasary to seize all the money i had made in that five-day period, aswell as un-withdrawed funds made in the period where my activity was "ok".

    If you are expecting to be profitable you should absolutely NOT use Brokerstorm. They will act like your friend at first, and if you lose they will be your best friend. But if you win you are their worst enemy. They absolutely do not care about the rules.


    The case has gone to their licensor and i trust it will be solved by them as i have stored all evidence of my activity on the platform and I never exploited their platform.
    Last edited by Blinct; 05-18-21, 12:11 PM.
  • DontTailMe
    SBR MVP
    • 03-24-19
    • 2897

    #2
    "So during a period of about one and a half months i was able to make a 1000 EUR deposit into over 20000 EUR by using the back-lay strategy."

    What is this?
    Comment
    • Blinct
      SBR Rookie
      • 04-14-21
      • 9

      #3
      Backing and then laying when price has changed. Basically cashing out of a good bet
      Comment
      • littlekona
        SBR Hall of Famer
        • 11-19-15
        • 5241

        #4
        You must be the best arb bettor in the world to turn that so fast esp with the commission charge....more to this guaranteed
        Comment
        • Blinct
          SBR Rookie
          • 04-14-21
          • 9

          #5
          I am not a arber but a trader.
          This is an example where i backed Abate at 14,5 and sold at 7,4
          Image Screenshot-20210517-102156 hosted in ImgBB

          Image Screenshot-20210517-102136 hosted in ImgBB

          Image Screenshot-20210415-132737 hosted in ImgBB


          I have even made higher profits on matchbook and smarkets and also got my account closed due to them also seeding their markets. The difference is i got all my money paid out no matter how unhappy they were with me.
          Comment
          • Foxx
            SBR Hall of Famer
            • 05-25-11
            • 5825

            #6
            Originally posted by Blinct
            I am not a arber but a trader.
            This is an example where i backed Abate at 14,5 and sold at 7,4
            Image Screenshot-20210517-102156 hosted in ImgBB

            Image Screenshot-20210517-102136 hosted in ImgBB

            Image Screenshot-20210415-132737 hosted in ImgBB


            I have even made higher profits on matchbook and smarkets and also got my account closed due to them also seeding their markets. The difference is i got all my money paid out no matter how unhappy they were with me.
            Interesting pics.

            Best of luck getting paid.
            Comment
            • littlekona
              SBR Hall of Famer
              • 11-19-15
              • 5241

              #7
              still seems odd to me that this system would produce such huge profits in such short time starting with 1000$. To make those lay's for 1500$ stake @7.4 you need risk 9600$ plus you are also backing $1500. Seems it would take a good while to build up esp if its most of the lay's that win.
              Comment
              • Blinct
                SBR Rookie
                • 04-14-21
                • 9

                #8
                When you cash out you are left with no liability. This goes for every exchange i have used.
                So my maximum liability is 1500€ and then when i cash out of a profitable bet my liability is 0€.

                The strategy is very well known in horse racing. A fun fact is i heard that the top ten users trading on betfair is making more money combined than betfair themselves does (before commision i believe it was), so massively profitable strategies absoulutely exist.
                Comment
                • Foxx
                  SBR Hall of Famer
                  • 05-25-11
                  • 5825

                  #9
                  Originally posted by Blinct
                  A fun fact is i heard that the top ten users trading on betfair is making more money combined than betfair themselves does (before commision i believe it was), so massively profitable strategies absoulutely exist.
                  The factoid is from years ago Pre-Premium Charge Betfair and I don't doubt that it was somewhat true at that point in time. Those days are long gone though.
                  Comment
                  • Blinct
                    SBR Rookie
                    • 04-14-21
                    • 9

                    #10
                    I do not have any sources of that but i have heard it from a professional Betfair trader on youtube. Nevertheless I think my point is still valid. There are hugely successful traders on the exchanges, and I probably don't even come close to the performance of the best.

                    Nevertheless you are free to think what you want about this bookmaker but you would only be fooling yourself. If I dindn't know my claims were right i would not bother writing this review (and those on other forums). Nevertheless contact gaming curacao and fill out their extensive form for complaints.
                    When I go to these lenghts I do it because i know I'm right. I also gave them clear notice i would close the case on my end if the money was ever paid out. Of course i can understand their unhappiness but there are rules to follow. I have even gone a simlar route with a creditor claiming money in a case they were notlawfully able to do so in. It took me 6 months and it was not worth the money but i would still do it again.

                    My last withdrawal from brokersotrm without problems was 1st of may, and then the 6th the account was suspended. The rest of the story is as told. I think it's funny how the first 40 days of that very same strategy was "ok", but then when they had had enough, five days was all it took from my activity being "ok" to absolutely not ok, to an extent were they saw it neccasary to seize all the money i had made in that five-day period, aswell as un-withdrawed funds made in the period where my activity was "ok".

                    Brokerstorm employees has even been contacted on one of the other forums, but to no surprise they are not answering.
                    "out of sight out of mind" ? Well more than 550 people has read the truth already.
                    Comment
                    • PunterLog
                      SBR Rookie
                      • 02-22-19
                      • 48

                      #11
                      Originally posted by littlekona
                      still seems odd to me that this system would produce such huge profits in such short time starting with 1000$. To make those lay's for 1500$ stake @7.4 you need risk 9600$ plus you are also backing $1500. Seems it would take a good while to build up esp if its most of the lay's that win.
                      I know someone who regularly turns 1,000$ to 20,000$ via Horse Racing every 4 weeks.

                      Just like in real life, what seems impossible for an average person is normal for some gifted person.
                      Comment
                      • littlekona
                        SBR Hall of Famer
                        • 11-19-15
                        • 5241

                        #12
                        Originally posted by PunterLog
                        I know someone who regularly turns 1,000$ to 20,000$ via Horse Racing every 4 weeks.

                        Just like in real life, what seems impossible for an average person is normal for some gifted person.
                        Its profitable sure i know few on here that are very sharp but to say 20,000 k a month every month on the exchange for some sort of gifted person is not accurate..maybe a pro Bookmarker or computer assisted punter but not just some gifted person
                        Comment
                        • Poisec
                          SBR MVP
                          • 07-22-18
                          • 1215

                          #13
                          Originally posted by Blinct
                          As a matter of fact the Whitehorse "exhange" is not an exchange at all.
                          Same as Matchbook who void bets when you win too much, I know a guy who saw his Back bet voided, but they kept his Lay bet valid on the market, instead of a big winning he had a huge loss. Can you imagine the feeling?
                          Matchbook are thieves.
                          Comment
                          SBR Contests
                          Collapse
                          Top-Rated US Sportsbooks
                          Collapse
                          Working...