Oddsmaker player places $50 losing parlay; book takes $1,018.75
Oddsmaker (SBR rating D-) player places $50 losing parlay; book takes $1,018.75
The player used a $100 promotional offer to build his account to $1,018.75. He then learned he overlooked a rule stating that parlays are not allowed. He also learned that that the consequence of breaking this rule, which is not listed, is voiding all bets. Many players who bring the account over $1000 find that Oddsmaker has a reason to void their winnings. Oddsmaker told SBR last month that they planned to update their terms of service.
Player:
The player used a $100 promotional offer to build his account to $1,018.75. He then learned he overlooked a rule stating that parlays are not allowed. He also learned that that the consequence of breaking this rule, which is not listed, is voiding all bets. Many players who bring the account over $1000 find that Oddsmaker has a reason to void their winnings. Oddsmaker told SBR last month that they planned to update their terms of service.
Player:
About three months ago OddsMaker direct mailed me with an offer to open an account and get a $100 Free Bonus upon registration. I opened an account and turned the $100 bonus into $1,018.75. I then contacted OddsMaker's "LIVE Chat" to learn when I was able to withdraw money from the account. Service advisor "Pamela" told me that I had to hit $1,500 through straight bets only, e.g. no parlays or teasers, before I could make a withdrawal. I told "Pamela" that I only played straight bets with one exception being a sole $50 parlay that was a losing ticket. Upon learning about the one parlay, "Pamela" chose to reset my account, e.g. nullified all my winnings, citing that I violated the bonus disclaimer. I am totally stunned to say the least about the resetting of the account as I was not aware of the straight bets only rule. Surely, this can't be right. I placed only one parlay and it is just totally unfair and unacceptable to me that this leads to a nullification of all bets placed. Indeed, the parlay was a loser and was played after the $100 Free Bonus had been turned over a number of times on straight wagers. I worked very hard turning the $100 into more than $1,000 just for OddsMaker to undo this by a very harsh, unfair and unreasonable rule interpretation. The terms of conditions related to this particular bonus (copied in below) does indeed NOT state that any rule violation - no matter how petty - leads to total nullification of all wagers placed. I can understand if I lose my $100 Free Bonus, but to have all winnings taken away because of a $50 parlay loser makes absolutely no sense to me and I think that OddsMaker is totally out of line by doing so.
