For the current 10 most breaking online sportsbook news items, visit the Sportsbook Review homepage.
 

SPORTS BETTING INDUSTRY NEWS RSS

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

SBR to meet with MyBookie (SBR rating C) management and head bookmaker.

05.30.2005

Not withstanding the recent negative event for this sportsbook, MyBookie has smartly collected top talent and has potential. MyBookie has indicated risk management policy changes will eliminate the possibility of a reoccurrence of the recent situation where MyBookie was beaten out of one third of a million dollars and then made news by trying to settle for less than the player’s account balance.

SBR Bill Dozer reports:

05.29.2005
BetRoyal (SBR rating D-) asking players to wait for payouts so that they can meet their monthly quota? After waiting over three weeks for a $10,000 withdrawal the player is asked:

“Would it be possible if we proceed with your request first time Wednesday morning? We have a sales goal to meet, Tuesday is our last day to do so and I would really appreciate if maybe you could wait one more day.”


This may actually be encouraging news for current customers who are attempting to interpret the most recent warning signs. In the past two weeks, Royal has offered huge cash bonuses to those with pending payouts if they are willing to cancel their withdrawal request. SBR has also received an influx of slow-pay complaints. Although these actions would be detrimental to any sportsbook’s long term plan to turn a profit, current players can hope that accounting has exceeded the funds allocated for the month of May and that payments may be quicker at the start of June.

 

SBR Bill Dozer Reports:

05.28.2005
Pointbet Downgraded from C- to D+ due to concerns over the sportsbook’s location.  Pointbet tells players that they are operating from the British Virgin Islands. However, SBR has confirmed that the sportsbook is operating illegally from Batam Island, which is part of Indonesia. These concerns are highlighted by the recent disappearance of Asian sportsbook Game2Bet (SBR not rated) and sister book AsianOdds (SBR not rated). There are unconfirmed reports that the operation was taken offline by government authorities. It should be noted that the majority of the feedback from Pointbet customers has been positive. SBR is hopeful that Pointbet will eventually choose a new location that is tolerant of gaming activity.

SBR Bill Dozer reports:

05.27.2005
SportsWageringOdds (SBR rating F) pays player. The owner of the sportsbook’s parent company EZ Sports has contacted SBR about paying other bettors who were cheated this past year. Ownership acknowledges that players are owed, and has asked SBR for help in coordinating payments to these individuals. Although this does provide some hope, players should not become optimistic until a payment on a delinquent account has been executed. SBR will report on any further progress.

The MyBookie (SBR rating C) settles dispute and agrees to pay player $85,000.

05.26.2005

SBR upgrades MyBookie and appreciates their open minded approach to settling this dispute. Mike Nichols, GM of MyBookie, consulted with General Pete, Ken Weitzner, both of theRx.com and Russ Hawkins of MajorWager.com. A special thanks to SBR sources in Costa Rica and TheOffshoreWire.com’s Roberto C. for valuable information he shared with SBR and his important role. And finally, SBR aknowledges MyBookie Hall-of-Fame headlinesman Rick who advised that the player should be paid.

Royal Sports takes a step forward (SBR rating D) pays player $15,000 that they could of rightfully NOT paid.

05.26.2005
The player received double the agreed amount bonus from BetRoyal and failed to report the error. He then leveraged the extra money in the casino and won $15,000. In a move that surprised SBR, Royal Sports paid the player. Under the SBR rules of account confiscation, Sportsbooks are allowed to confiscate winnings that have been won with deposits fraudulently made or made by error. Players should be careful not to bounce automatic check deposits(ACHs or EFTs). Several players have won significant amounts of money only to find out their initial deposit did not clear the bank. In these cases, the players forfeit their winnings. 

SBR Bill Dozer reports:

05.26.2005

Player denied payout from SportsWageringOdds (SBR rating F). Management is telling the player he must continue wagering before he can receive a payout despite the fact that he has met the roll-over requirement for his bonus. SportsWageringOdds is the newest member of the EZ Sports Group and SBR’s Blacklist. This group includes scam sportsbooks, BetonSportsOnline (SBR rating F) and EZSportsbetting (SBR rating F).

SBR COSTA RICA OFFICE REPORTS: GrandCentral Sports(SBR rating D+) dba Mybookie proves why private oversight of the offshore sportsbook industry is insufficient to protect players.

05.25.2005

 


MyBookie forced a player, allegedly by suggesting they may stiff him out of his entire balance, to accept .30 on the dollar, a move that cost the player $85,000. Except for SBR and little known TOW(TheOffshoreWire), none of the so-called player advocate sites have even reported this incredible theft. This is easily the largest sportsbook theft case of 2005. Lawmakers in North America will undoubtedly use this theft as an example of how vulnerable players are to unregulated sportsbooks. SBR has repeatedly called for GCS to pay the player or show cause why he should not be paid. Sources in Costa Rica have told SBR that because the only major website that took up the players’ cause was SBR that GCS felt they got away with minimal backlash.

However, many respected operators here in Costa Rica are disgusted with the forced theft. More than one sportsbook operator has complained publicly and privately that even SBR was not doing enough to pressure this book to settle in full with the player. Operators here recognize that these types of theft will be the beginning of the end for the sportsbook industry.

SBR’s position is clear: Pay the player or show cause as to why $85,000 was confiscated. Failure to do so will result in the possibility of an SBR Scam Warning press release as well as a possible downgrade to the SBR Blacklist.

 

BetonSports (SBR rating D+)

05.25.2005
acquires Easybets (SBR rating C-). Easybets management tells SBR that the book’s staff will remain in place and there will not be any managerial changes. It is unlikely that players will experience any immediate changes in service. Easybets reportedly was acquired for 5 million in BetonSports Plc shares and $10 million in cash.

SBR welcomes the successful bidders for sponsorship roles for the SBR family of websites in 2005:

05.24.2005

America’s Cardroom(poker), BlueChip Games(casino software) and Gamblers Anonymous will all have a presence on Sportsbook Review, SBROdds, PokerSiteReview, RacebookReview and many other quality SBR sites. An SBR sponsorship role is currently available for non-sportsbooks for calendar year 2006. SBR sponsorships are limited to three sponsors to maximize exposure and are displayed on dozens of high quality SBR websites.

SBR Bill Dozer reports:

05.24.2005
Two players complain of being slow-paid by BetRoyal (SBR rating D). The most recent complaint comes from a player who reports waiting two weeks for $1,000.

SBR Bill Dozer reports:

05.22.2005
After waiting months, two players have confirmed receiving payment from Dimebetting (SBR rating F+).

Pariaction

05.21.2005
Group (SBR rating C+) experiencing technical difficulties with websites. Players can access their account information or place wagers by calling 1-800-414-3287. Pariaction, 121Bets and WorldBookie expect to be online later this evening.

SBR Bill Dozer reports:

05.20.2005
Bets4All (SBR rating F+) situation worsening. This Austrian sportsbook,  which attracts players with a wide soccer selection, is now confiscating player funds and refusing to offer a reason why. Bets4All has joined SBR’s Blacklist with a downgrade from D- to F+.

SBR Bill Dozer reports:

05.19.2005
Gibraltar (SBR rating C-) partially reverses decision to confiscate bonus funds and winnings. Management has agreed to pay the player $427 he won from the free-play portion of his signup bonus. Ownership is unwilling to reinstate the 10% cash bonus portion of the signup incentive, citing that the player was not a customer for the required 30 days. This decision was made despite the fact that Gibraltar removed the player against his will. Players who have recently accepted a signup bonus at Gibraltar may benefit from leaving their account dormant for one month.

SportsbettingTrivia and SafeDepositSportsBetting (SBR rating D+)

05.18.2005
were used by suspected organized crime in New York, 36 members were arrested today. What effect this might have on the sportsbooks involved is unclear. Players should consider this a negative and reduce their balances ahead of a possible downgrade. 

SBR Bill Dozer reports:

05.17.2005
Gibraltar (SBR rating C) confiscates customer funds. The book decided they no longer desired a player’s business and agreed to pay him in full. When he received his Neteller withdrawal he found that his bonus, and winnings derived from his free-play bonus, had been deducted. The player exceeded his roll-over requirement, yet Gibraltar kept a total of $577 that was previously included in his account balance.

“In the conversation, I was told that I will receive my full account balance, minus the $30 fee for neteller withdrawal, within the day. When I received my funds from Neteller, I realized that they’ve deducted $607.5 from my account ($150 initial deposit bonus + $427.5 won on freeplay + $30 withdrawal fee). I called them and I was referred to “Andrew" who is the manager. He told me that they do not want my action and they have the right to confiscate that money and he would not need to give me any more explanation on that because they are operating a business and it is their right to deduct my winnings from my free-play as well as the initial deposit bonus. No appropriate reasons were given. He also mentioned that I’ve won some money with them and they’ve paid me." -L.C

Sister sportsbook BettorsTrust (SBR rating D+) was also guilty of this same action last month. However, management promptly reversed this decision when SBR inquired on the player’s behalf. Players must be able to count bonus monies as part of their account balance when wagering requirements have been legitimately met. SBR to once again inquire with management.

SBR Bill Dozer reports:

05.17.2005
Enterbet (SBR rating F) account manager Brian, continues to string players along with unfulfilled promises of payment.

Grande (SBR rating A-)

05.16.2005

email server is currently down. Players can use betgrande@hotmail.com to contact customer service via email or call 1-866-947-2633 for phone support.

Salma Crump who pioneered the online launch of WWTS has joined Olympic (SBR rating A+).

05.16.2005
Salma is the latest ex WWTS executive to land with an A+ sportsbook. Her presence and leadership could make a major difference. Simon Noble, ex CEO of WWTS and Intertops, recently joined Pinnacle (SBR rating A+). And finally the dynamic Jessica Davis, COO of BetWWTS (SBR rating A+), has her contract extended as does CEO Collin Walker. The stability at BetWWTS is a welcome sign as they prepare to integrate their acquisition of Cybersportsbook.