New Betting Exchange

[MeMyselfandEye]

NO, No, its fake. The Monday night game has both sides at +102 for about an hour during the day. The total on the game as well was the same thing. They can't be that stupid.

I made an account but didn't;t fund it - I just logged in - you click on markets and Pro Football, and up pops Akron/Miss State

[offshoregenius77]

Well I cashed out my entire account and got paid. Ive done well there , so I will definitely hang with them. I really do like the payment methods. Much better than MB was , because they are just layoff bets and some finance guys. MB was ALL scalpers and people who had a rigged api. .... And people betting on credit....

I think we can close this thread because they aren't signing up new accounts anyway. Its the equivalent of a soft card game .

Cheers
OG

[noyb]

Ive done well there

uh ofcourse you've done well there, as both sides are +102. difficult to lose.
no clue what people would actually play at a place like this with real money. why not just send it to me if you want to lose it.

[offshoregenius77]

Well Noyb, I havent seen +102 on both sides, and Ive been playing college hoops on there for 10 days straight. I got paid and the odds are the best out there. I dont believe there was ever that big of an overlay. And even if it did occur once or twice, who is under the impression that the betting market is in anyway efficient. Most of the money is moving back underground anyway, just like this thing is.

Nothing is guaranteed in this industry, but I do know all you players sending bank wires and p2p will probably have big problems at some point. That is guaranteed....

OG

[FourLengthsClear]

uh ofcourse you've done well there, as both sides are +102. difficult to lose.
no clue what people would actually play at a place like this with real money. why not just send it to me if you want to lose it.

If it is the Matchbook software then it is impossible to have both sides at +102.

[elgreco]

If you watch his tutorial videos, you can clearly see that one of the tabs on his browser is opened to this thread on SBR.

So..... Who's the shill? Come clean.

[elgreco]

I sent a few BTC over on Saturday. Site appears to be down now. We'll see if I ever get them back.

[STEfraud]

hey guys I just opened a few accounts to verify that the bitcoin system is legit and it looks like it's not. any account you create it tells you to send the money to the address:

1N87bDBqBMN98gbYW5vL9iFNzKCARvHPWc

can someone else verify that they have the same send to address as well? This obviously means that there's no way to distinguish who sent what funds, and is just a ponzi scheme where they collect a bunch of bitcoins from players and then plan to run off one day. the site owner's name is William Casher and he resides in oviedo, florida, I know I'm going to put this guy in jail for a few good years and get my bitcoins back.

[elgreco]

My address is different. They credited my balance after a day or so. I still haven't made a single play there, but at least my balance is showing up.

The owner of the site actually emailed me regarding some comments I made on this thread. I have nothing bad to say about this place, but also nothing good yet. So tread carefully folks.

[cincy]

It seems Bill Casher from the Sports Trading Exchange is following this post. Bill, I have sent you a few e-mails about the exchange. Please check your e-mails and reply back to me (buzzman) immediately.

[cincy]

I learned about the Sports Trading Exchange from this post and sent a $1058 Westu transfer to the Sports Trading Exchange on 12/09/11. My Sports Trading Exchange account was credited with $947.01 after the Westu fees and exchanger fees were deducted. I made additional deposits of $4000 on 12/17/11 and $1970 on 12/19/11 to the Sports Trading Exchange (I used a wire and then LibRes and Gold Ex Pay to do this).

I had a great string of good luck and won the majority of my wagers and my balance has increased substantially. I e-mailed them on 12/20 and asked about payout options. It seems they realized that I would not be depositing any more money so they stopped replying to my e-mails and stopped servicing my account.

I checked my account history and they have not graded any of my wagers since 12/20. So I still have 33 open wagers that are for games that ended many days ago. There are 3 winning wagers from the Pepperdine/Montana State basketball game on 12/18 that have not been graded despite me sending many e-mails requesting that they be graded. They also graded a large $1000 moneyline wager on Kansas City Chiefs to beat the Green Bay Packers as a loss when it was actually a $6620 winner. I had to e-mail them to get it corrected. I will attach a record of this that I copied from the settled bets report on their website below so you can see how they graded it a loss. They also had problems with their computer server and their website was down completely on 12/12/11 so no wagers could be bet. In addition, their server has also lost a few of the wagers that I had confirmed and these wagers appeared in my pending bets report but after the wagers won they were not in my settled bets report. Again I had to e-mail them to get these winning wagers added back to my account. I asked them to make a courtesy payout today for a small portion of my balance as a sign of good faith to makeup for all the problems that I have been having but they did not do it even though I offered to pay them 10% fees rather than their normal 2% fees. There is no reason that they could not make an immediate payout if they wanted to because they use all the ecurrencies that can be paid instantly.

I do have records of all my financial transactions, current bets and settled bets from their website. So I can backup everything that I have said here. I also have all the e-mail correspondence about the website being down and the wager grading problems.

I would suggest that anyone that is thinking of making a deposit to wait and see if they pay the withdrawals scheduled for 1/1 before you send any money.

Please let me know if you have any suggestions on what else I should do.

I actually think these guys have a great concept to have an exchange where people can trade with no commissions. They planned to make enough to support a small staff on the withdrawal fees and possibly a small monthly trading fee. I hope they get their computer server issues and wager grading issues resolved and think they could become a great option for people to trade with others as long as they get a good record of timely payouts. I will report back if I receive any payout or hear back from them.

[cincy]

Dec 18
12:05 PM
Pro Football
Green Bay Packers @ Kansas City Chiefs
14 - 19
Kansas City Chiefs +100
+662
Bet: $1000.00
To Win: $6620.00
Lose

This is the wager they initially graded a loss that actually won

[STEfraud]

Good to see some of you are getting bitcoins or other methods actually funded. I just want my coins back, I deposited a bunch of BTC and for a week the balance has been 0 and the site owner has been playing Casper the ghost with phone calls to his original number that was listed but has since been taken down and disconnected (561-316-6325). I really hope I don't have to escalate this into a police report, which from what I've been told is the only avenue I can pursue.

[McFly86]

no apparently you can make offers up to 10x your balance as long as your orders are not matched. if they are matched, your offers are pulled, so you'll never actually risk more than you've got. it has been done before by (now extinct) exchanges.

This is a good idea, but is the software able to do this quick enough to prevent the possibility of all orders being accepted at the same time?

[Legions36]

Why would anyone even risk that kind of money in a new place like this. I was willing to try but for $50 and not a penny more. They haven't graded wagers in that long is i sign of a big scam. I will not be depositing a penny, there is always someone trying to scam people. Sucks because some of u got suckered into this because of some credible people on SBR, sorry this is just so stupid.
Oh if this place turns out to be a real scam the people that pushed this should be banned from SBR.

[pjesnik24]

just be careful people, remember betstake

[lovetobet]

I have to ask with so much uncertainty why would someone put upwards of $7K deposit with them??? Unless you are a multi-millionaire many times over and this is true chump change I don't get it.

[sideloaded]

people love pain

[cincy]

Yeah, it was really stupid of me to put $7k in with the Sports Trading Exchange. I was only going to make a very small deposit but I had some communications with OG77 who said he personally knew a guy that has been playing there for over a year with no problems and said he had made a very large deposit and was keeping a large balance himself so I decided to make a large deposit. OG77 said he had been paid 3 times already in the last 2 months and I saw he was a longtime poster here so I thought it would be safe.

The Sports Trading Exchange still has not folllowed through with my request for an immediate good faith payout of even a small portion of my balance even though they deal in digital ecurrencies which can be paid in seconds.

[elgreco]

I'm really sorry to hear that, Cincy.

[kkkkk]

unfortunately same story as bestake.com unreaslistic offers that attracked people

[lovetobet]

Cincy - Sorry to hear that man, that really sucks. I hope you see some money at some point but I've read this whole thread and it doesn't sound very good. I guess all a person can say is best of luck and live and learn.

[MVM]

what is the website for this matchbook alternative?

[Pareto]

Its not a matchbook alternative. Its a Bestake alternative.

[fizzwont]

the writing was on the wall with the shady fees and ridic cashout policy. Sucks they got some of your guys money.

[elgreco]

I was able to place and win a tiny bet yesterday. I wanted to try and cash out today but the site is down again. Did you have any luck getting a payout, Cincy?

[offshoregenius77]

I havent been able to access site since sundays games. Getting a little ansty to say the least.

[wrongturn]

With that amount of money available for offers each day on every game, I thought their operation should be very good. Or, is it another too good to be true story?

[Chuck Sims]

POTENTIAL SCAM ALERT!!! ... low fee to send money in ... big incentive to keep a high balance (to avoid 2% STE fee plus 4% exchanger fee and again if reload is necessary after withdrawal) ... yet STE makes no profit unless you withdraw??? ... What am I missing? ... I'll wait on this one!

.

Huge red flag with me too. Never gave these scammers a second look.

The goofs put up both sides at +102. This is laughable. Stay away from these fishermen trolling for suckers.

[Legions36]

LOL, so is this site down for good this time? Sorry guys if u got screwed and if they do happen to show up again how can one play at a place that cant even keep the site up. I know for sure now i will never trust a new site just because a poster pushes it.

[elgreco]

I know for sure now i will never trust a new site just because a poster pushes it.

[elgreco]

I received an email from sportstradingexchange on the 5th of January:

Dear STE Trader,
We no longer will be offering our service to US and Canadian traders, due
to an extensive opinion letter from out attorneys. Please forward the
Digital Currency account number that you want credited, along with the
following:
- Some form of ID
- Account balance
- Number of trades made.
All funds will be sent out once we receive this information.

Thanks,
Management

[Legions36]

I received an email from sportstradingexchange on the 5th of January:

Dear STE Trader,
We no longer will be offering our service to US and Canadian traders, due
to an extensive opinion letter from out attorneys. Please forward the
Digital Currency account number that you want credited, along with the
following:
- Some form of ID
- Account balance
- Number of trades made.
All funds will be sent out once we receive this information.

Thanks,
Management

Lol who would want to sent them some form of id after all that....HAHAHA to funny, they are so new and now they are worried about some kind of heat roflmao..now they want peoples id to try and scam more. Fu-ck these f\*g-s

[fizzwont]

Definite scam... Like i mentioned in the other bitcoin thread - check out btcsportsmatch.com - run by the btcsportsbet guys - most trusted bitcoin sportsbook. No vig, 1% fee on won amount only. Check it out.

[elgreco]

Seriously. What does my ID matter when you didn't make me register with my personal info in the first place?

Fizzwont, bring it down a notch man. I know btcsportsbet has been around a while, but you haven't... read posts #100 & #101 .