BetWay continues to confiscate winnings; SBR lowers rating

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  • bigboydan
    SBR Aristocracy
    • 08-10-05
    • 55420

    #1
    BetWay continues to confiscate winnings; SBR lowers rating
    BetWay continues to confiscate winnings; SBR lowers rating to D


    Betway offers free-plays as an incentive for bettors to deposit. After the players have met the wagering requirements and requests a payout the sportsbook confiscates winnings. The sportsbook cites bonus hunting and taking advantage of the sportsbook's offers without intending to gamble further. Betway attempts to brand this type of play as the "money method."

    BetWay:
    You have been positively identified as a participant of the "Money Method" scheme and therefore we have locked your account, cancelled all your bets and returned your initial deposit to your eWallet account. We will keep your account locked and will lock any future accounts you register."
  • SBR_John
    SBR Posting Legend
    • 07-12-05
    • 16471

    #2
    LOL. OK, I'll bite' What is the "Money Method"?
    Comment
    • purecarnagge
      SBR MVP
      • 10-05-07
      • 4843

      #3
      so they are only accepting losers money and voiding all winners?
      Comment
      • mathdotcom
        SBR Posting Legend
        • 03-24-08
        • 11689

        #4
        Money method = not recreational = half a brain
        Comment
        • sickler
          SBR Posting Legend
          • 06-05-08
          • 15006

          #5
          @ the book using the term "money method"

          Meet the rollover, cash out with bonus before lower rated book goes under. Nothing wrong with that.
          Comment
          • HeeeHAWWWW
            SBR Hall of Famer
            • 06-13-08
            • 5487

            #6
            Insane. It's not like their bonus is more than pocket change either - you could understand if it was one of Ladbrokes/willhills 200 pound ($400) matched bets, but for $50? Just blatantly trying to thieve winnings, nothing more.
            Comment
            • Justin7
              SBR Hall of Famer
              • 07-31-06
              • 8577

              #7
              The head of operations wrote me back. They are convinced that what they are doing is perfectly fair.

              If a book will steal a bonus, it will steal your balance.
              Comment
              • tomcowley
                SBR MVP
                • 10-01-07
                • 1129

                #8
                It's beyond stealing a bonus already. The latest complaint, unless I misread it, is a player having ALL winnings stolen, not just freeplay winnings.
                Comment
                • mathdotcom
                  SBR Posting Legend
                  • 03-24-08
                  • 11689

                  #9
                  Rogue book
                  Comment
                  • pimike
                    BARRELED IN @ SBR!
                    • 03-23-08
                    • 37139

                    #10
                    that is just wrong. They should be an F book SAY AWAY book.
                    Comment
                    • fiveteamer
                      SBR Posting Legend
                      • 04-14-08
                      • 10805

                      #11
                      I was going to depost 3 dimes and make estonian soccer parlays, not after reading this. too bad for you homos betway, shitty ****ing bookies.
                      Comment
                      • Bill Dozer
                        www.twitter.com/BillDozer
                        • 07-12-05
                        • 10894

                        #12
                        It's the same thing BOS did and Sportsbook.com does...review the play after it should be irrelevant and go back canceling winnings. No reports of deposits returned due to the player losing using the "money method."
                        Comment
                        • Bullajami
                          SBR Sharp
                          • 12-23-05
                          • 472

                          #13
                          Originally posted by Justin7
                          The head of operations wrote me back. They are convinced that what they are doing is perfectly fair.
                          They will suffer accordingly.
                          Comment
                          • Stumpage
                            SBR MVP
                            • 09-21-05
                            • 2906

                            #14
                            Sounds like the head of operations is a complete moron.....
                            Comment
                            • bigboydan
                              SBR Aristocracy
                              • 08-10-05
                              • 55420

                              #15
                              Originally posted by Bullajami
                              They will suffer accordingly.
                              Not as bad as these players will, if they continue to play at this jip joint.
                              Comment
                              • moonbeam
                                SBR MVP
                                • 03-02-07
                                • 1496

                                #16
                                victor chandler (or VCbet) has the same behavior

                                and this shit book has an A rating here
                                Comment
                                • Bill Dozer
                                  www.twitter.com/BillDozer
                                  • 07-12-05
                                  • 10894

                                  #17
                                  Originally posted by moonbeam
                                  victor chandler (or VCbet) has the same behavior

                                  and this shit book has an A rating here
                                  MB,

                                  I can't recall a VC wagering/payout complaint. If you can supply any record of one it would be appreciated.
                                  Comment
                                  • DIF
                                    Restricted User
                                    • 08-30-05
                                    • 648

                                    #18
                                    I been playing here.Fast payouts promtly. Never had any single problem with them . But this scares me so much I have to leave.
                                    Comment
                                    • Justin7
                                      SBR Hall of Famer
                                      • 07-31-06
                                      • 8577

                                      #19
                                      I have another dispute where a player had his entire balance confiscated (not just the bonus and winnings). Betway claims that "This player is part of an identified syndicate who poses a direct threat to our business as a result of continuous bonus abuse during the last two years." Additionally, they claim this player has multiple accounts.

                                      I'm still trying to get more facts. Regardless of what else develops, seizing the entire balance of a fraudulent player is not the right way to remedy it.
                                      Comment
                                      • PantherClaws
                                        SBR Rookie
                                        • 06-25-08
                                        • 13

                                        #20
                                        I have an account at betway and by the time of the champions league final I received an email with a promotion regarding that match. I deposited 20€ and got kind of suspicious because those funds were debited from my e-wallet and weren't credited into my betway account. After that I got more scared as I discovered some player's winnings and funds were being confiscated by them. I had to send several e-mails and fill an official complaint here before receiving somekind of response from them(after several days). The money was returned after a week or so into my neteller account but now I know I won't deposit funds there anymore.

                                        In my case if they confiscated any funds they were only 20€ but this is most concerning for those who have larger ammounts into their betway accounts. Besides that I heard only winning players were seeing their winnings confiscated no matter what "method" they used. Meaning someone using that so called "money method" who had lost their money in betway wouldn't notice any problems and betway would gladly welcome that player while winners would be "robbed" with betway using the excuse of that player using a method to bet.
                                        Comment
                                        • Justin7
                                          SBR Hall of Famer
                                          • 07-31-06
                                          • 8577

                                          #21
                                          Betway confirmed that they took the player's entire balance, including deposit, for using his brain on a bonus. The player had been there over a year. His bonus? Accepting and winning a second freeplay they gave him.

                                          I have asked them to reconsider this decision, and they declined. I see a "D-" rating in their future.
                                          Comment
                                          • HeeeHAWWWW
                                            SBR Hall of Famer
                                            • 06-13-08
                                            • 5487

                                            #22
                                            Meh, this forum is depressing. That's another book to be removed from my list - and another I had no suspcions when using, but guess was just lucky. They had pretty decent odds at times too.
                                            Comment
                                            • GVstaff2
                                              SBR Hustler
                                              • 07-11-08
                                              • 77

                                              #23
                                              sorry for my post
                                              Comment
                                              • SBR_John
                                                SBR Posting Legend
                                                • 07-12-05
                                                • 16471

                                                #24
                                                Originally posted by Justin7
                                                Betway confirmed that they took the player's entire balance, including deposit, for using his brain on a bonus. The player had been there over a year. His bonus? Accepting and winning a second freeplay they gave him.

                                                I have asked them to reconsider this decision, and they declined. I see a "D-" rating in their future.
                                                Did they have any reasoning behind this? Are you saying they admit to stealing the player's postup deposit??
                                                Comment
                                                • Justin7
                                                  SBR Hall of Famer
                                                  • 07-31-06
                                                  • 8577

                                                  #25
                                                  Originally posted by SBR_John
                                                  Did they have any reasoning behind this? Are you saying they admit to stealing the player's postup deposit??
                                                  Yes, they admit this. They claim the player is a fraud, but provided no proof. The player provided a passport (I think) to show his identity.
                                                  Comment
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