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Online sportsbook Oddsmaker theft totals $203,432


An Oddsmaker player that deposited $500 years ago—without ever withdrawing—reported bringing his balance up to $4,300. After the closure of online sportsbook BetEd, the player became uneasy regarding the state of the industry and decided to request his first payout.

On May 25th, 2011 the player asked to receive $4,000 via a payment method offered by Oddsmaker. The player was told at the time that his payout would take 21 days to be received.

Recently, the player attempted to log-in to his account and found that it had been disabled. The player tells SBR that an Oddsmaker representative told him that management closed his account and that his funds would not be paid.

Oddsmaker player: I, too, have been robbed by Oddsmaker. I have had an account there for about three years. I made a deposit of about $500 there many years ago and have never withdrawn. I do not play bonuses or freeplays. I mainly do prop betting and over the course of time, I worked my account up to $4300.

When the DOJ started shutting down sites, I requested a payout of $4000 by check around 5/25. They said it would take 21 days to send the check. I recently tried to log back in and they said to contact security. I called the 800 number and the rep said "that management had closed my account and that I would not be getting any money". They told me to e-mail support.

Oddsmaker has justified confiscating funds from players accounts by referencing a section of its fine-print with respect to professional players.



Oddsmaker fine-print: The sports wagering services offered by are not for use by individuals or groups deemed to be professional bettors. In the event that a Player(s) is deemed to be a professional bettor, their account will be subject to immediate termination with any remaining account balances, including all deposits and winnings in Player's account, being returned to the Player.

Oddsmaker has not provided comment on the disconnect between the rule on file and its enforcement.

To date, $203,432 in funds (inclusive of deposits) have been stolen from players.

SBRforum's analyst Justin7 provides video coverage on the Oddsmaker confiscations:





Oddsmaker Sportsbook remains on SBR's Sportsbook Blacklist with a rating of F and is to be avoided by players at all costs. Players are able to submit sportsbook complaints against Oddsmaker, however, Oddsmaker management has not been willing to fairly resolve player complaints.