WARNING: BetEd - Shittiest bookie on the net

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  • El Helado Patata
    SBR Hustler
    • 12-19-06
    • 96

    #1
    WARNING: BetEd - Shittiest bookie on the net
    My story with BetEd
    First off I see that they have 50% bonus on your first bet up to $250 so I bet $500 and I win. However, the bonus is not added to me since they do not accept over/under just moneyline or vice versa on the bet. That sucked bigtime but it is listed under t&c so I accepted that.

    Anyways, when I send this email to the support they add 15% bonus to my account (75$ in this case) and after that I realize that they have shitty odds so I withdraw and expect my bonus to be forfeited. But this withdrawal never occured and when I logged on I see that they have cancelled my request without telling me about it and I ask why and they say I havnt fulfilled the wager requirement. So I say to them that they can forfeit my $75 bonus, just let me cashout the resten and everything shall be fine. BUT they tell me that they cannot forfeit the bonus and my money is locked with them until I wager 5x deposit+bonus = 2875$.

    This sucks ever bigger since I do not wish to make -EV bets with their shitty odds but I kinda accepted this and thought that I can play on their casino

    Terms for bonus:
    As stated above, standard rollovers are 5X for Sportsbook and 10X for casino. Because the Bonus Status page considers that $1=$1, rollover is calculated on a 1:1 ratio for Sportsbook and a 1:2 ratio for casino (because rollover for a typical bonus for Casino is two times that of Sportsbook). Quite simply, every dollar wagered in the Sportsbook counts towards a dollar of rollover while every dollar wagered in the Casino counts towards 50 cents of rollover.

    Example: Deposit $100 via Instant Check and get a $10 Reload Bonus. Your new balance would be $110 and your rollover would be 5X that total (or $550). If you make a $50 wager in the Sportsbook, your new rollover balance would be $500. If you made a combination of $50 worth of bets in the Casino, your new rollover balance would be $525
    My interpretation of this is that I can use a combination of casino and sportsbetting. So I played at their casino betting $10 per hand and lost from $1575 down to $1270 with just maybe $500 in wagering and then I decide that Im gonna bet bigger and hope to catchup so bet $50 bets and then i first tie and then lose 7 bets in a row and then finally after maybe $1200-1500 wagering, I quit at $970 balance, pissed off about my shitty luck. (Can add that im not a recreational casinoplayer and I only play optimal BJ with charts).

    THEN i ask them how much ive wagered and they tell me that this casinowagering does NOT contribute towards the bonus. I think this behaviour and their stupid rules is the worst piece of crap ive ever seen.

    I warn everyone about BetED and I wish they go bankrupt.
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