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SPORTS BETTING INDUSTRY NEWS RSS

News on scam sports betting operations, events and business deals within the offshore sports gambling industry.

08.21.2014
A VIPSports.eu (SBR rating D-) player has blogged on the Sportsbook Review forum that more than $2,000 in winnings have been confiscated. He claimed that his deposit was refunded but his winnings were not paid. The bulk of his balance was generated by a winning bet on Justin Williams to win the Conn Smythe Trophy — the NHL's equivalent of the playoffs MVP — and that the wager paid far less than the price offered by online sportsbooks such as Betsson and others. He has claimed that VIPSports.eu labeled him a "professional bettor" and denied his winnings after closing his account. Sportsbook Review followed up with VIPSports.eu and its parent company BTG Global NV; no comment was given on the sportsbook dispute. SBR agreed to post a statement on behalf of the sportsbook if one were provided. The dispute remains open. Sportsbook Review will update this report. The player's full complaint can be accessed from the article view of this industry news piece.

Sportsbooks Bovada and SportsInteraction first to publish Emmy odds

08.20.2014

Online sportsbooks Bovada (SBR rating A) and SportsInteraction (SBR rating B+) are the first to release Emmy odds. Sportsbook Review has a listing of all Emmys prop bets which is being updated hourly as odds move and markets are added. Based on last year's market, it is expected that at least five more online sportsbooks will release a serving of Emmy prop odds. These wagering markets typically provide good value and are added more as entertainment than profit generators from the perspective of online bookmakers. The 66th annual primetime Emmy awards take place Monday August 25 from downtown Los Angeles.

08.19.2014

Online sportsbook HeritageSports.com announced this morning that it has lowered its reduced juice offering from -108 to -105. In 2009 Heritage officially moved to reduced juice by lowering from standard vig at -110 to -108. Heritage tells SBR that the lower pricing has increased customer retention; additionally players have consistently voted Heritage in the top five online sportsbooks poll in part due to the discounted pricing model. Players should note that Heritage also has other linesets that can be chosen in lieu of the -105 style pricing if a bonus program were preferred. There are three account programs: -105 style pricing for sides and totals, -108 style pricing with cash back and contest perks, or a 50% free play big bonus model. Players can change their selected program semi-annually; two weeks prior to and after October 1st and April 1st. Users are advised to select the program that best suits them for football wagering as soon as possible. As a result of the offering, Heritage has moved to the #2 spot in the SBR reduced juice sportsbook list and has been ordered higher on the best sportsbook bonuses page with the addition of the larger deposit bonus.

BetSonic player files Bait & Switch sportsbook bonus complaint

08.18.2014
A BetSonic (unrated) player has claimed to have been victim of bait and switch tactics. The player tells Sportsbook Review that he received a targeted email promotion advertising a €50 cash back incentive. The mailer confirmed that the perk was open to all clients from a certain region - where the player resides - and that aside from location, the only other requirement was an account balance of less than €1. As for the redemption of the cash back wager, the client was instructed to place his first bet following his deposit on any English Premier League event for €50 or more. Should the wager lose, a cash back credit equivalent to the amount lost on the wager would be credited by the sportsbook. The player followed the sportsbook bonus terms exactly as outlined, but upon his requesting the bonus be applied to his account, he was told that BetSonic has decided to not apply the player the backend bonus. The following terms and conditions were cited when the player inquired what gave the sportsbook the right to rescind the offer:

BetSonic "The company reserves the right to deny any bonus to any client without explanation."

Sportsbook Review is following up on the player's complaint.

Free NFL Contest registration open

08.17.2014

The annual and exclusive Beat The Prick handicapping contest has had 678 players join in the less than two weeks since the contest has been open. The flagship football contest is in its 10th year and gives away a jaw-dropping $20,000 in prizes, plus 100,000 points per week to all users who outscore contest mascot "The Prick". The premise of the contest is to pick 5 NFL or NCAAF picks per week from the pointspreads and totals offered by SBR Contests. The lines update in real time; the caveat is that you cannot pick exactly the same or opposite as "The Prick"; those who do better in a given week while maintaining at least positive units receive their share of the weekly prize-pool, and credit toward the season ending cash prizes. The free football contest remains open for registration and is slated to begin the first week of the 2014-15 NFL season.

HRWager Sportsbook complaint

08.15.2014
Update: Sportsbook Review has spoken with both the player and HRWager management. A statement was provided by HRWager concerning the dispute; the player has confirmed that he was told his payout was erroneously voided by the third party processor in question, and is following up with the third party to correct the situation. The dispute is considered closed.

An HRWager Sportsbook (SBR rating C-) player has launched a complaint in the SBR posting forum. The player has claimed he has not received $700 allegedly sent by the sportsbook in a withdrawal requested this week. He has been advised by the payment processor in question that the funds could not be retrieved.

HRwager Sportsbook players with feedback are encouraged to write to mail@sportsbookreview.com.

08.14.2014

Update: The Netbet Sportsbook complaint reported on in the iGaming News video has been resolved. Sportsbook Review reported that a Netbet player complained that his €800+ in winnings were unfairly confiscated after Netbet accused him of violating their terms and conditions due to his having previously created an account in 2012. The account was dormant, and SBR argued that an inactive account which went unused is irrelevant should not cause a funds confiscation to be enforced. While Netbet did not respond to the SBR complaint, the player has confirmed that the betting site reversed their decision and agreed to pay his earned winnings. Sportsbook Review considers the dispute against Netbet closed.
 

Other topics covered in the online betting sites news video include a dispute raised by a player against Matchbook (SBR rating B+). The player is attempting to withdraw a $9,200 balance following Matchbook's exit from the Canadian market as reported by SBR on 21 July 2014. The player's situation was complicated by his leaving Canada for the United States (where he is from originally) one month prior to the Matchbook exit. He intended to travel to another location to resume his play with Matchbook but was advised his closing balance would have to be paid out back to his Canadian bank account. The player has claimed that upon his exit of Canada he closed his bank account. In order to comply with Matchbook's request, he tells SBR that he returned to Canada on 4 August 2014 and opened a new bank account.  The player has reported being told he must produce six months worth of banking statements from the newly created account in order to be paid his closing balance. SBR has confirmed through the branch that a non-resident is required to open an account in person; there appears to be no dispute the player is presently in Canada. SBR is asking Matchbook if a notarized letter from the bank itself could allow the player to be paid his closing balance.

Online sportsbooks Bodog and Bovada tech issues

08.14.2014

Update 11:39AM ET: The websites are back online.

Online sportsbooks Bodog (SBR rating A) and Bovada (SBR rating A) have been down since approximately 1AM. Sportsbook Review has been told by a manager familiar with details of the outage that the downtime has been caused by technical failure of a main switch. The sportsbooks are expected to be back online today although no timeline has been offered.

NFL Prop Bets Directory at SBR

08.13.2014

Sportsbook Review has updated the NFL Football Prop Bets page with a directory of proposition bets offered by online sportsbooks. These markets include the Super Bowl winner, division and conference winner bets, the Regular Season wins market as well as obscure prop bets. In addition to the futures markets, individual game propositions will be loaded throughout each week of regular season play. The online sportsbooks listed in the directory are all in good standing; gamblers eager to post up for the upcoming NFL and NCAAF campaigns should consider standing of a potential betting site. SBR resources such as the sportsbook blacklist are updated with betting sites which should be avoided, as well as the companies that are known as outright scams.

Netbet player vs. Sportsbook: Unused 2012 account

08.12.2014

A Netbet Sportsbook player has submitted an account dispute. The player registered with the betting website earlier this month and had some initial success with his bets, winning €832 off a €20 deposit. He submitted his account ID and had his documents approved. He then tells Sportsbook Review that he requested his first payout from Netbet. The player states that Netbet then advised him that his withdrawal could not be processed as he has another account with the shop - registered in 2012 - and that he violated their multiple accounts policy. The player counters with the argument that he had never funded his first account making it inactive and irrelevant and forgot it even existed. He was advised that his deposit would be refunded and given no update on the status of his winnings. The player's confusion may stem from Netbet migrating his player details over from Bet770 Sportsbook, which rebranded under the Netbet Group in the summer of 2013. Sportsbook Review is investigating the complaint. If the complaint is as simple as stated by the player and he did not already use a free bonus offer on the old account, he would be owed his winnings. Having old dormant accounts at an online sportsbook is not a reason to confiscate winnings after the book allowed him to risk his funds. In this scenario he would not be eligible to receive his losses if the outcome was reversed; this equates to the sportsbook taking a shot at him where he can only lose money.

08.11.2014

The InstantActionSports (SBR rating C) payout complaint reported on July 22 remains outstanding. The betting site owes a player $5,000. The player claims to have received the run around when inquiring on when his funds would be paid. He is up over $8,000 lifetime with InstantActionSports. Sportsbook Review reported in April of last year that InstantActionSports credited a player with $5,000. The player previously operated an account with 24SportsWeb, a sportsbook which went off-line without paying all of their players, and used the InstantActionSports eWallet processing to accept deposits from some international players. 24SportsWeb went off-line on January 21st, 2013. Sportsbook Review reported in February that management initially dodged questions on 24SportsWeb, which had $35,000 in no-pay complaints submitted by users. InstantActionSports later agreed to pay all players who lost their balances with 24SportsWeb who deposited via Skrill. 24SportsWeb clients that had deposited directly without using eWallet never recovered their funds. Sportsbook Review video host Natalie expands on the slow-pay complaint in an online sportsbook news video released earlier today.

Sportsbook Bonuses page updated

08.10.2014

Two new online sportsbooks have been added to the best sportsbook bonuses directory. The bonus page contains a list of online sportsbooks rated C- or better by SBR and is ordered by what is referred to as the "True Bonus". The true bonus is an amount which measures the ratio of the strength of the bonus offering by the rollover or play-through requirement. If you're looking for a top sports betting site ahead of the upcoming Americna football season, the best sportsbooks directory is a good place to start.

08.08.2014

In today's sportsbook iGaming news video, host Natalie covers the recent sportsbook report on Triobet Sportsbook (SBR rating D) and their decision to confiscate a player's earned winnings. Triobet accused the player of violating their terms and conditions; Triobet cited two rules which did not apply to the situation and would not expand with additional details by blaming their privacy policy. SBR pointed out that the player electronically consented to having the case mediated, though the dispute remains outstanding. The full video report is accessible by continuing to the full page of this sportsbook news entry.

Youwager Sportsbook removes Skrill from cashier

08.07.2014

Youwager Sportsbook (SBR rating B+) no longer offers Skrill to their international customers. Management has told SBR that it is a business decision. International users who are located outside of Canada are able to use bank transfer to reload or take payouts from their accounts. Youwager players with feedback on the policy change are encouraged to write to mail@sportsbookreview.com.

08.06.2014
Sportsbook bonuses can be complicated for new gamblers. There are offerings ranging from the usual cash bonus that works by being credited to the player's balance, to freeplays where only the bonus winnings are returned to the player's balance, as well as match bets that can be tied to specific events and are typically more nominally priced. Sportsbook Review has broken down sportsbooks bonuses and sorted them by the "True Bonus". The best sportsbooks bonuses page was updated today with a video guide from newswoman Natalie.

The True Bonus formula is very basic and easy to follow. Essentially, every online sportsbook bonus has a requirement of betting the deposit amount times bonus amount. This is referred to as the play-through or rollover requirement. For example, if you were to take a bonus of 10%, say $10 on a $100 deposit, one play-through amounts to $110. So with a 3X play-through, the total wagering amount required before a withdrawal of funds is $330. Now if you have been credited with a freeplay, and this is a simplification, you have a 50/50 shot of winning your bet(s) and at adding those winnings to your balance. A $100 freeplay bonus is automatically being valued at half that as $50.  If you received that freeplay following a deposit of your own $100 cash, and the play-through requirement is 3 times, you are required to bet the amount of your $100 deposit multiplied by your bonus amount three times, for a total of $600 in action required.

Players sometimes remark that they dislike freeplays or even match bets, however if you have a low rollover requirement of just 1X, versus a 10X for a typical cash bonus, the freeplay of the same amount is much more valuable. This is why Sportsbook Review has ordered the bonuses page by the amount given per play-through required; this places “bonus amounts” on a similar scale. This is the science behind the bonus per rollover or "True Bonus".

Online sportsbook Triobet comments on player dispute

08.06.2014
Online sportsbook Triobet (SBR rating D) has addressed the dispute reported by SBR yesterday. A player wrote SBR complaining that his account was closed and approximately €140 in winnings confiscated after he made an all-in wager of his first deposit (€70) and his 100% sign-up bonus. His first wager won, but Triobet opted to close his account on the grounds that he had violated their rules. Triobet claims to have refunded the player's deposit, and informed SBR that he was guilty of violating rules 1.8 and 2.1 from their terms and conditions. Triobet would not address the specifics of the dispute beyond that, despite the player electronically consenting to have his dispute mediated by SBR. The rules cited by Triobet from within their terms and condition are as follows:

Triobet rule 1.8: "We reserve the right to decline a new customer or close an account without having to give a reason for doing so."

Triobet rule 2.1.: "All deposits and withdrawals will be initiated from your account overview on the Website."

Rule 1.8, as argued by SBR, is not what's being called into question. Online sportsbooks do not have to provide a reason for closing a player's account, it is a business like any other and some customers are not welcome. However, this rule cannot be used to confiscate earned winnings from player's accounts.

Rule 2.1 does not appear to apply at all to the situation.

SBR has pointed these items out to Triobet and asked for the sportsbook to reconsider their decision to not honor the player's winnings on his one recorded bet; absent evidence of fraud, there is no basis to deny the player's winnings. Sportsbooks can profile players, limit them, boot them, place them on wagering delays, require them to phone-in wagers, but they cannot decide to confiscate earned winnings for no good reason. The old industry standard of "you book the bet, you pay the bet" applies.

College Football Prop Bets page updated

08.05.2014

Sportsbook Review has updated the College Football Prop Bets page with the regular season wins market. View a convenient side by side grid showing the best online sportsbooks market price for each college football team ahead of the 2014-15 campaign. As the season progresses, the page will list weekly prop odds and the best available sportsbook value by game. This page is one of many seasonal shopping comparison guides provided by SBR. The event comparison menu on the left-hand side of the SBR homepage lists these pages for each sport. SBR will update the news feed as other major changes are made to the college football props bet page.

Free $20,000 NFL Contest Registration Open: BTP X

08.05.2014
Sportsbook Review has announced the launch of this year's "Beat The Prick" (BTP) handicapping contest. This is the tenth year of the BTP contest, which features professional handicapper and forum mascot "The Prick" and is based on correctly predicting the outcomes of five NFL and College Football point spreads or totals each week for fifteen weeks. Contestants scores are weighed against the performance of "The Prick" and if he wins, no prizes change hands that week. The tenth edition of the contest boasts a whopping $20,000+ season ending prize-pool, 100,000 points per week, a brand new iPad, as well as entry to a major NFL Playoffs contests for all users who go 5-0-0 in any of the 15 contest weeks.  Sportsbook Review's contest video host Jackie Blue gives more information on BTP X in the below video, which also interviews contest legend "The Prick" himself.
 

First place in the contest pays $5,000 in cold hard cash. Second place pays $3,000, and third place pays $2,000. Places four through twenty five receive their share of the remaining $15,000 in contest cash. If football handicapping is not your game, not to worry, there is a $500 prize for coming in at position #500. SBR merchandise is given for contestants who finish from twenty-sixth through fiftieth place including a laptop bag, tshirt, coffee mug, and playing cards.

When does the BTP X contest open?
Tuesday, September 4, 2014, week of the NFL opener between the defending champion Seattle Seahawks and Green Bay Packers on Thursday Night Football. Users will be able to record their five weekly picks for week one after "The Prick" selects his picks; the software does not allow contestants to make identical or the exact opposite with their picks as the contest pro has chosen.

How does BTP X weekly prize distribution work?
A total of 100,000 points will be divided among all contestants who out-perform "The Prick" each week. For example, if the mark to beat is 4-1 +4.00, users who have generated +4.01 or more units that week will receive their share of the 100,000 points. The better the "The Prick" performs, the larger the average prize among those who have out-performed him. In a week where he tanks and goes 0-5, all users who at least netted 0.01 unit will receive a points payday.

What can we do with the weekly points?
The weekly points must be put into action one time in the SBR Points Sportsbook before they are converted to real betpoints. Betpoints can be used in the SBR Store to redeem real-world merchandise, apparel, electronics, gift cards, and other items. The offerings of the SBR Store are geo-targeted; users outside of the United States may redeem sponsored sportsbook cash.

How are the $20,000 in cash prizes paid?
Bank wire, Paypal, or Skrill.

For full contest registration details, visit the Sportsbook Review Forum.

TrioBet Sportsbook payout feedback wanted

08.05.2014

A TrioBet (unrated) player has submitted a sportsbook complaint. The player states that he deposited €70 and received a 100% bonus from the online sportsbook. The player then made an all-in wager using the deposit and bonus funds. He states that TrioBet then opted to close his account without providing information on his violation. His deposit has yet to be refunded. TrioBet Sportsbook has a registered address in Malta; their sportsbook license is given by the Lotteries & Gaming Authority (LGA) of Malta. Sportsbook Review is in the process of collecting information on TrioBet and asks readers who have feedback to share or are in need of assistance to write to mail@sportsbookreview.com. SBR will update as more information becomes available.

Teambet Sportsbook complaint over photo ID

08.04.2014

A Teambet Sportsbook (unrated) player has submitted an SBR complaint. The player tells SBR that he has provided a copy of his national ID card, utility bill, screenshot of his Neteller account activity, and a photo of himself holding his ID. Teambet, however, is allegedly holding the account in a suspended state due to the player not having a driver's license. The player states that he is not a driver and that his national ID card is the highest form of photo issued ID that he has. Sportsbook Review is investigating the online sportsbook complaint.

NFL Prop Bets in review for Hall of Fame game

08.02.2014
The NFL Hall of Fame game is the opening fixture on the American football calendar. While wagering limits are traditionally low for preseason football, value can be found in exotic NFL Prop Bet markets for the game itself and upcoming regular season. Sportsbook Review has created two pages with the intention of simplifying the shopping experience for sports bettors hunting for the best price and most obscure markets. These pages are the NFL Super Bowl betting futures directory which lists real-time updating futures grids, and the NFL Prop Bets directory which highlights special wagering markets on a weekly basis.  In a relatively short 17 week season where finding an edge becomes more difficult each week, proposition markets can keep your bankroll healthy while dealing with the turbulent swings of the National Football League. Sportsbook Review will update this article as more wagering markets are released for the inaugural NFL contest pitting the Buffalo Bills against the New York Giants at Fawcett Stadium in Canton, Ohio. As of this publication, the following prop betting markets are trading at online sportsbooks.

Team to score first: NY Giants or Buffalo Bills
One of the most popular betting markets, the team to record the first score is offered throughout the American football season and NFLX is no exception. Currently, the market is consistently priced by online sportsbooks, with the NY Giants at -110 ($110 wager wins $100), and the Buffalo Bills priced slightly shorter at -120 ($120 wager wins $100). These odds are sure to fluctuate before game time, so bookmarking the NFL Prop bets directory is a good idea. Even if the odds were to remain the same, however, sports bettors should compare the sportsbook sign-up bonus offered and weigh the incentive against the betting line. For example, if sportsbook XYZ has the Giants to score priced at -110 and they offer a $100 cash bonus with a 5X rollover, you are essentially betting 20% pure bonus with a $20 wager and are much closer to clearing your rollover than you would by selecting a sportsbook offering the same bonus but in the form of a freeplay. A freeplay is worth approximately half the value of a cash bonus; while freeplays can still be more valuable than cash bonuses, the true bonus per play is contingent on the rollover or play-through obligation. Sports bettors are advised to consider the quality of an online sportsbook's perks when considering betting markets.

Will there be a score in the 1st 7:30 minutes?
Another common betting market for NFL games is the time in which the first score is recorded. This wagering market itself should be analyzed in conjunction with the strength of a sportsbook's live in-play betting platform. Players who fancy scoring props are often keen to increase their position while a game unfolds. While this particular scoring market has yet to blossom, the currently available best line will be recorded in the Sportsbook Review NFL Prop Bets directory.

Exotic Prop Bets
Players who enjoy making NFL prop bets on game outcomes are more likely to appreciate long-running prop bets that may offer value. This morning SBR updated its prop bets page with markets tied to the performance of two Cleveland star athletes: Lebron James and Johnny Manziel. You can wager on Lebron James' field goal percentage outperforming Manziel's completion percentage and vice-versa. These fun props not only keep the casual gambler entertained but they provide value for the serious gambler, and if you're reading this article, you are on your way to building your bankroll.

If you're a sports bettor who likes to wager moneylines, totals, halves, and you're not fond of proposition markets, bookmark the SBR Odds NFL scoreboard. This page lists real-time updating NFL odds for each week of the season leading up to Super Bowl XLII, as well as a large number of other international and US facing sport odds.

WSEX Sportsbook victim files no-pay complaint; waiting after five years

08.01.2014
A WSEX Sportsbook (SBR rating F) player who lost $7,000 when the online sportsbook closed filed a complaint with SBR this morning. The player had a pending withdrawal for $1,900 since 2009. Player: "I called a million times, they kept telling me that they didn't have a processor to send the payment. Account then was inaccessible from time to time, periods lasting over a month. one of the last times I saw it I still had a pending withdrawal but the account balance was near zero. I phoned and they hung up on me and 2 weeks later the site was down. Crooks." This player is one of more than 250 users who filed sportsbook complaints with SBR against WSEX. The following is a timeline of the sportsbook's payout issues which led up to their eventual closure on April 19, 2013 and subsequent suicide of one of the company co-founders.

2009 - 2010: WSEX debt crosses $250,000 mark
The once well established business was lowered from A- to B+ in April of 2009 when the first signs of payout problems surfaced. Six months later, in October of 2009, WSEX was downgraded to C after the average payout time-frame increased from four to six weeks. At the time, seven players had complaints on file for $30,000.  Fast forwarding to March of 2010, WSEX players were owed $43,000. A good deal of controversy was created when management admitted that payout size determined priority in the payouts queue. As news continued to break on the slow service and financial problems, more players decided to request their funds and consequently the delinquent amount reported to SBR quadrupled to $184,104. Three players reported receiving $9,000 in June of 2010, although this came as a virtual drop in the bucket as the debt approached a quarter million dollars.  One month later, a $2,000 payment was confirmed as received by an SBR reader while five new complaints rolled in and the debt rose to $260,534. During this time the online sportsbooks' wagering department got froggy; a player reported that WSEX refused to honor a winning $20,000 "Who will sign Lebron?" NBA prop after his trade to the Miami Heat.  It seems to players that the sportsbook may have regained its footing when approximately half of their debt was paid with 36 players confirming receiving $124,617 in withdrawals during week four of the NFL season. Unfortunately as the football season winded down, WSEX closed the year owing close to $200,000.

2011 - 2012: WSEX debt rises
The first week of the new year in 2011 saw Matchbook's new ownership announce their official separation from World Sports Exchange. WSEX previously had an ownership stake in Matchbook since their 2005 launch. Despite WSEX's stake in the betting website, Matchbook paid their customers on time and were unaffected by WSEX's issues. Near the end of Q1 2011, WSEX players were owed $438,860. By Christmas 2011, a total of 110 players reported being owed $653,000. On January 24, 2012, WSEX outraged players by releasing a statement shifting blame of their financial predicament onto gaming laws in the US. The statement seemed to be the first sign of a white flag and WSEX continued to dishonestly advertise a payout time-frame of 7 business days on their website. By mid 2012, WSEX owed $825,744. A sportsbook scam alert was issued in October of 2010 when WSEX mailed players deposit bonus offers for the upcoming NBA season despite being blacklisted and unable to pay. This was also covered in a sportsbook news video with newswoman Natalie and then co-host "Justin7".

 

2013 - Closure: WSEX closes while owing over $1 million
By March of 2013, WSEX owed more than $1 million to players. The occasional small payout reports designed to keep valued customers activated completely stopped. On April 9, 2013, Sportsbook Review reported that WSEX was no longer updating its website with betting odds and their phone system was overloaded with an average wait time of 125 minutes. Within a week WSEX officially closed, and to add insult to injury, WSEX "sinisterly" apologized for their downfall. SBR receives inquiries from WSEX victims weekly. Players often wonder if the book's ownership, which was vocal against rogue operations during more than a 10 year period, will eventually make a statement and reveal what lead to players ultimately being stiffed.

Online sportsbook Canbet players search for answers

07.31.2014
Canbet Sportsbook players continue to search for answers eight months after the shop suspended all transactions. Sportsbook Review reported on December 31st that Canbet put a stop to deposits after payment problems snowballed out of control. The move was received as a dosage of cold water to players who held out hope that they would be paid; just a week earlier, Canbet management advised SBR that outstanding payouts were to be processed in the next week. As the total owed to players grew to over a quarter million dollars and signs of insolvency followed Canbet's directors, Sportsbook Review blacklisted the online sportsbook. SBR analysts spent hours discussing the state of Canbet with Co-Director Peter Lord, who was optimistic that a deal could be made and players would end up paid. A report went up in mid-February recapping that Canbet Sportsbook was for sale. A week after this publication hit the SBR news feed, the total owed by players who filed SBR complaints reached $800,000. Canbet was and remains unwilling to disclose the exact amount owed, but SBR has since confirmed more than $1.2 million owed by players who have filed sportsbook complaints alone. This number grew exponentially since the initial report of 10 slow-pay complaints during week 5 of the NFL Season. Canbet, being in business since 1999, is likely to owe at least a few times this sum.

Source of Canbet's financial issues
Canbet has claimed that third party technical companies were largely to blame for the financial problems. Players allegedly were allowed to receive thousands of bonuses which were undeserved, as well as to receive payouts which were not earned. Canbet specifically absolved their own in-house technical employees of fault, but would not elaborate further as to exactly how long these technical issues went on for. Many players have shifted the blame from Canbet onto the shoulders of the UK Gambling Commission. The Commission released an unpopular statement which attempted to explain its position on the mess; the statement has since been taken down. Players went as far as to create a petition against the Gambling Commission and Canbet.

Players from all backgrounds have taken to the Sportsbook Review forum to voice their outrage. SBR community member Lewbie shared the following in a post authored this afternoon:

"My son in law has told me about the money he is owed by these thieves and as I am retired I would be more than willing to help in anyway I can. His first child is due in September and £2500 is nothing to sniffed at so let me know if I can be of any use. I am based in Birmingham and know a little about the law but not enough to fight this unfortunately."

Sportsbook Review knows of at least two companies who expressed interest to acquire Canbet; however these discussions ultimately fell through. Canbet Sportsbook players who wish to log their claims or share feedback are encouraged to submit a sportsbook complaint form.

SBR reported on the downfall of Canbet Sportsbook after the sportsbook's official closure. This video has been embedded below:

SBR congratulates World Poker Cup winners

07.31.2014

Sportsbook Review congratulates Team USA, winners of the 2014 World Poker Cup. This year's competition gave away more than 1 million points during four months of intense competition. It is also the first ever victory for the Americans, who trailed Canada, World, and Europe in past installments of the contest. The winning team pockets 5,000 betpoints each which may be redeemed immediately from the SBR Store for real world merchandise, including electronics, apparel, iPads, pizza gift cards, and more. The SBR Poker platform is set to launch another high value poker tournament next week. SBR readers and lurkers should stay tuned as the annual Beat The Prick (BTP) handicapping contest will also be launched in the same time-frame. SBR community members enjoy contests all year long; creating an account is free. Visit the Sportsbook Review forum for more details.