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 Bill Dozer reports:

12.09.2004
BCN Sports (SBR rating C-), who canceled a players wager without merit, has reversed that decision, crediting the player with the winning bet. BCN has requested that SBR notate that they had emailed the player about the cancellation prior to the start of the event.

BetRoyal (SBR rating D-) Forced to answer in a Dutch court why they stiffed a US player for $50,000.

12.09.2004
Reporting from Curacao, Netherlands Antilles:
It all started when a California lawyer ran his winnings at Royal to over $50,000. When it came time for a payout Royal tried every trick in the book not to pay and when that didn’t work they even invented one never seen before in the offshore industry. Royal claimed that the player had a history of credit card chargebacks at two other sportsbooks, therefore he must forfeit his $50,000 in winnings. Royal admits the player never charged back anything at Royal and they gladly accepted his bets and his business. And that’s the problem. Royal has been using every legal maneuver possible to delay the trial and some observers think they will flee the island to avoid what is probably the short arm of Dutch justice. The player, however, has already retained legal reps in Royal’s soon to be new home of Costa Rica. Unfortunately, most players do not have the resources of this player and can not chase down deadbeat bookmakers to the ends of the earth. Therefore it is important to play at a highly rated sportsbook so if you go on the roll of a lifetime you can savor the victory instead of chasing deadbeats.

SBR Bill Dozer reports:

12.08.2004
BetCasinoSports (SBR rating F) slow-paying players. BCS claims that a rough football season is causing them to put players owed larger amounts on “payment plans". One player owed over $4,000 reports receiving weekly installments of $100. BCS’s business model suggests there is little hope for future success. This sportsbook is currently offering an excessive cash bonus of 35% as well as reduced juice and free half point specials. Players should be weary of incentives that seem too good to be true.

Webmasters: Put SBROdds on your website in 2005.. And brand it as your own!

12.08.2004

The revolutionary real-time betting odds complete with match-up stats will be made available in early 2005. Websites will be able to brand the proprietary real-time SBR feed and offer the best handicapping stats. Websites will have full control over all branding and banner placements. The world class line-up of sportsbooks committed for 2005: WWTS, VIP Sports, BetJamaica, 5Dimes, Hollywood107, WSEX, Bowmans, Pinnacle, CRIS.

SBR Bill Dozer reports:

12.07.2004
PayManager closes its doors with Sportsbooks’ funds. The Belize payment services company was utilized by multiple sportsbooks to transfer funds to players. When this company closed and severed its ties with Wachovia Bank, it left many players in possession of bad checks. Any player with a bad check processed by PayManager should contact their sportsbook for an immediate payment via an alternate method. Sending these checks back to your sportsbook may assist them in pursuing a refund from PayManager.

BCN Sports(SBR rating C-) caught in a Bait and Switch scheme?

12.06.2004
The scam works like this: The sportsbook will post a betting line on a game slightly off from the consensus line. The attractive line of course attracts real-money bettors and arbitrators(players betting both sides). If the contest ends in favor of the players, the sportsbook simply cancels all winning plays claiming they “accidentally posted a bad line”. Of course if the contest goes against the players and in favor of the sportsbook, then all bets stand. BCN offered a college game at +240 when the consensus line was +220.

BetJamaica (SBR rating A+) drops line on Orange Bowl to USC -2.5.

12.06.2004
Pinnacle was the first sportsbook to open this line at -4. Since then big money has fallen on the side of Oklahoma. You can follow all the line movements of the top sportsbooks at the ONLY free real-time odds provider on a secure server at SBROdds.com.

SBR Bill Dozer reports: Careless E-check deposits are becoming costly for players.

12.06.2004
SBR has received an alarming amount of emails from players who have made mistakes depositing with electronic checking. Once these deposits are initiated, the sportsbooks will conveniently credit the betting account for immediate wagering. These E-checks take up to one full week to clear, much like a normal check. The books only accept small individual transactions to minimize the risk of players stopping payment after early losses. However, the player often makes quite a few wagers before the funds have actually arrived at the sportsbook. Disaster strikes when the sportsbook does not receive the deposit as planned and the player has won a significant sum. This can happen due to a variety of reasons. Some banks have been known to hold these transactions for security reasons, while other deposits are botched because the player has mistakenly made a deposit with insufficient funds. The sportsbook must acknowledge the possibility that the player may have never intended to pay. For this reason, the book will likely be unwilling to honor any winnings where the player did not actually risk his funds. SBR agrees with this policy. Although innocent mistakes may lead to loss of winnings, it is the player’s responsibility to make sure the deposit reaches the sportsbook. All players must realize that winnings, and winnings from those winnings, are not valid until the initial wager itself is paid for. First time E-check depositors are urged not to place a wager until the sportsbook verifies that the initial deposit has been received. In recent months, multiple players have reported voided winnings totaling over $100,000.

SBR Bill Dozer reports:

12.04.2004
Dimebetting (SBR rating D-) settles dispute with player who received a Western Union payout today. Dimebetting will remain under review.

SBR Bill Dozer reports:

12.03.2004
4Sportspicks’ (SBR rating F+) contract with service and software provider Capilleira has expired. Capilleira will no longer be servicing 4Sportspicks. 4Sportspicks has been offline since late November and is currently writing betting tickets by hand, as they have yet to obtain new software. 4sportspicks is also left without a Neteller account. They were previously using the Neteller services granted to Capilleira. Neteller confirms that 4Sports has not yet established a new account with them.

SBR Bill Dozer reports:

12.03.2004
Dimebetting (SBR rating D-) withholding a player’s funds, claiming that the person who referred this player has "scammed" the sportsbook and that the player "is guilty by association". John, Dimebetting’s owner also states that he is not sure if the player in question is actually involved in any wrong doing. When SBR asked about what the scam entailed, he replied, "I do not know, but the type of client that came in from this player was like nothing we have ever seen". SBR believes this book simply received its first taste of sharp play due to word-of-mouth from gambling forum posters, who were likely attracted by Dimebetting’s excessive bonus offers. SBR is hopeful Dimebetting will see the error in judgment and pay this player his winnings or explain which rule he supposedly broke (if any).

SBR Bill Dozer reports:

12.02.2004
BetCSI (SBR rating F-) stiffing another victim for $3,000. This scam book attracts new players by representing itself as being affiliated with honorable sportsbooks. If the new player eventually wins a significant sum the book will cut ties with the client and keep his funds. The head of this operation goes by the name of Ray Ramirez and operates his accounting department from this cell phone number, 800.260.2764.

SBR mailbag:

12.02.2004
Sportsbook.com (SBR rating C) now 7 days late on ACH (e-check) payout. Sportsbook.com management is tracking payment. Update 12/2: Player receives payment in full
SportsbookUSA (SBR rating F): Player waiting for withdrawal of $724 since September 3rd. SportsbookUSA tells SBR they will advance the payout request to accounting and claim they do not know why it has yet to be processed. Withdrawal requests continue to be stalled in this book’s system.
Internet1x2 (SBR rating F): Player reports being paid $6,000. Complaints are still being filed but the overall amount of player debt that SBR has on record is slowly decreasing.
Changeabet (SBR rating F-): New complaints coming in from multiple players owed small amounts. Changeabet and their sister sites are currently offline.
Bahismerkezi (not rated) owes player over $16,000 since November 7th. Phone line only offers an answering machine. Bahismerkezi is not responding to emails.
English Sports Betting (SBR rating F-) SBR receives no-pay complaints against ESB almost daily. This scam operation owes more players than any other active sportsbook.

SBR Bill Dozer reports:

11.30.2004
Changeabet (SBR rating F-) owes player $45,000 for over one week. Changeabet tells the player that they can not pay because they are waiting for a cash infusion. The player then calls the wagering department and is told that Changeabet ownership is knee deep in debt and is closing with player funds and monies owed to their service providers. SBR has also learned that Changeabet is located in the former Gold Palace (SBR rating F-) office and that the owner, who goes by the name of Peter Cole, is said to have worked with the defunct sportsbook. SBR no-pay complaints against Changeabet now total over $100,000 as they have failed to execute the promised payout of $40,000 to another player.

SBR Bill Dozer reports:

11.29.2004
IASbet (SBR rating B) website has been down for over one week. IASbet reports that they have been fighting a DoS attack and that there is no time frame set for when the they will be back online. Players can access account information by calling 877.846.9854.

Dispute Updates:

11.27.2004
SportsInteraction (SBR rating D) refutes the notion that they wronged any poker players. SIA has submitted to SBR what they deem to be proof of collusion between two players. SIA has agreed to work with SBR to come to a final resolution. SBR is examining the player's account history.
Changeabet (SBR rating F+) has yet to process a $40,000 bank wire withdrawal that was promised to have been sent out by last Friday. This bank wire was offered after Changeabet missed multiple Western Union payments dating back over two weeks.
BetonUSA (SBR rating D-) has yet to explain why they have voided a player's poker winnings, reinstated the winnings and then again confiscated the player's balance. BetonUSA has failed to provide any consistent information to the player or to SBR. SBR believes that this issue is being passed around between clerks while management avoids dealing with this account.

SBR Bill Dozer reports:

11.25.2004
Player files new slow-pay complaint against BetGateway (SBR rating D-). BetGateway has paid the player $5,300 of $15,400 owed. This small sportsbook offers excessive signup incentives and is a prime example of a book that would have trouble staying afloat if players continue to beat the house. Players should stay with sportsbooks rated B+ or higher who realize that bookmaking is a long term investment.

SBR Bill Dozer reports:

11.25.2004
PrePaidATM unable to process credit card transactions indefinitely. Credit card transactions make up the majority of PrePaidATM’s business. The company blames their new processor for the problem, which comes on the heels of rumors regarding financial instability.

In a filing made today to the London Stock Exchange: BetOnSports (SBR rating D+) admits total wagers (referred to as "handle") has fallen a shocking 27%.

11.24.2004
BetOnSports is paying a potentially lethal price for a business model that sought to bring in as many new players as possible while offering a bland sportsbook product along with some of the worst customer service in the industry. To lose 27% of betting handle in an environment where the players are doing pretty well is an ominous sign of what is to come. To make matters worse, BetOnSports also admits to being unable to bring in new clients due to new regulation that prohibits gaming ads. Is BetOnSports the Enron of the sportsbook industry? The extreme loss of recent betting handle will mean BOS will need to take immediate steps to cut expenses such as layoffs. Secondly, management needs to quickly focus on customer support, a long neglected area of operation at BOS. If BOS can not slow the quickly evaporating business, highlighted by the 27% drop in betting handle, and is unable to replace their declining business with new customers then we could see this operation imploding. We would anticipate the common stock to continue its slide which started yesterday with a 50% fall.

BetOnSports (SBR rating D+) stock share price collapses, down 50% today.

11.24.2004
Downgraded by SBR on 10/24/04 on reports of fraud and embezzlement of senior management, BetOnSports is again downgraded on reports they will lose millions of dollars in the current quarter and possibly for the year. Players should use caution as the situation with BetOnSports is likely to worsen before getting better, assuming it gets better.  

SBR Bill Dozer reports:

11.24.2004
New sportsbook Mansion (SBR rating C+) reports experiencing technical difficulties. Players may use their international number +34 956 741 000 for account inquiries. Mansion plans to be online later this evening.