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

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.

SBR Bill Dozer reports:

11.24.2004
Clerk from Austrian sportsbook Bets4All (SBR rating D-) tells SBR that he is "not allowed to speak about Bets4All payment issues". SBR continues to get complaints from players who have been waiting months for a withdrawal. Bets4All confirms they have all necessary documentation and are unable to supply an explanation of why payments are not processed. Players report being told that credit card payouts will take six months for identity verification.

SBR Bill Dozer reports:

11.23.2004
Changeabet (SBR rating F+) agrees to pay player, who has had a pending withdrawal for over 2 weeks, his full $40,000 balance via bank wire. SBR to monitor payout progress.

SBR Bill Dozer reports:

11.22.2004
Player files slow-pay complaint against Sportbet (SBR rating C) claiming that the book has withheld $17,000 in winnings for over two weeks due to the possibility that he cheated Sportbet by manipulating the betting software. Sportbet tells SBR that they were forced to do a software audit and are unfreezing his account as of today, making his full balance available for withdrawal.

SBR mailbag:

11.22.2004
Readers submit positive feedback on AllSportsCasino (SBR rating C) and PointBet (SBR rating D+). Both customer service departments received high praise.
Players voice displeasure with the customer service from AllPro (SBR rating D+), SportsInteraction (SBR rating D) and BetonUSA (SBR rating D-). SBR received individual complaints from poker players with both BetonUSA and SIA who claim that the book is voiding winnings obtained at the poker tables. SBR to inquire on behalf of these players.

SBR Bill Dozer reports:

11.20.2004
Changeabet (SBR rating F+) has failed to make multiple Western Union payments to a player after he was initially denied $23,000 in FedEx withdrawals. The player has been promised a payment plan using Western Union. These payments were to start on 11/15/04 but the player has since been told that “the payouts manager is on vacation” and they are not able to process his payouts. SBR has downgraded Changeabet and its sister sportsbooks, BetCNN and BetChanger to F+.

SBR Bill Dozer reports:

11.18.2004
BetGateway (SBR rating D-) slow-paying player for over one week. The player reports he is owed $2000 and will now request the remainder of his balance. Betgateway is currently attracting new players with reduced juice (-105) and a 25% signup bonus. Players should avoid this new sportsbook and its excessive promotions. SBR will follow and report on this situation.

SBR Bill Dozer reports: Betfair (SBR rating A) releases details of SportingOptions bailout.

11.17.2004

Betfair tells SBR that all SportingOptions player balances of £1000 or less may be transferred from their SportingOptions account. For traders who held a higher balance, BetFair will offer half-price commission on all wagers until the total discounted commission equals the player's SportingOptions balance less the initially credited £1000. Those who lost large balances will be required to wager extensively in order to fully benefit from this relief package. All players looking to take advantage of this bailout must open or have an account at www.Betfair.com.

SBR Bill Dozer reports:

11.17.2004
Playerstime (SBR rating D) voiding winning wagers after events have concluded, stating that "we didn’t mean to take those bets.” Management refuses to offer a valid explanation to SBR, stating “This was ownership’s decision and we do not know why these winnings were confiscated.” This action will cost the player over $8,000. Playerstime has been downgraded from C- to D and is subject to further downgrade pending SBR’s final assessment. SBR has also received complaints against sister sportsbooks WinnersTime (SBR rating D) and SportsWager (SBR D+). SportsWager had initially promised SBR proof of valid casino play that was responsible for wiping out a player’s balance. It appears SportsWager has something to hide as they have failed to supply casino logs to SBR and the player.

SBR Bill Dozer reports: SportingOptions (SBR rating C) suspends all player activity.

11.15.2004
SBR to investigate the fate of player funds in the likley event that this sportbook closes its doors permanently. Below is the message received by players.

"As explained on the company's website www.sportingoptions.co.uk administrators are currently assessing the financial position of the company and reviewing its business operations. All trading on the company's website has been suspended until further notice. If you are a registered user, you may still view your account balance and history by logging on to the website. We would confirm that all unsettled markets have now been voided, and individual account balances updated accordingly. We will endeavour to deal with your queries as quickly as possible, but ask that in the first instance you refer to the information made available on the company's website. The large number of customers make dealing with telephone enquiries time consuming and would delay the process of dealing with enquiries and the administration of the company efficiently. Thank you for your co-operation.

For and on behalf of the Joint Administrators,
Menzies Corporate Restructuring
17-19 Foley Street
London W1W 6DW"

College basketball is finally here with a full schedule

11.15.2004
SBROdds.com has real time college basketball lines and the best handicapping stats money can buy. The SBRLine service is the only completely free realtime line service featuring a secure server (https), live XML feeds and complete stats.

Sportsbook.com (SBR rating C) gives this player a dose of customer service that they are rather well known for:

11.15.2004

So my experience begins with sportsbook.com. I have been using online bookmaking sites for years and never ever heard of anything like this before. My account was debited $100 because they told me that they gave me the $100 by mistake. All I know is that I had only about $300 remaining in my account, and I bet it all. After I won the bet and I expected to receive $270 in winnings plus the Principe bet of $300 = $ 570. So I should have $ 570 in my account. I only received $ 470. I called up sportsbook.com and they told me that they credited my account an extra $ 100 two weeks ago by accident. They told me their computers gave me the extra $ 100 by accident and then they manually took the money out. (Wouldn't it be nice if they had sent me out some sort of e-mail letting me know what was going on, rather then just taking the money out of my account and letting me figure it out on my own).

Then (according to Sportsbook) it happened once again, their computers did it again, giving me an extra $100. Then once again they manually took the money ( $100 ) out. That's twice in one week and I never knew it even happened once, because my computer doesn't give me that info. All I know is that my balance was always right until last night when I saw that $ 100 was missing out of my account.

When I called them, they told me that they would e-mail me my history and it should take 48 hours to receive. ( 48 hours for a fax, WOW ) All I know is that on my computer screen, I can't see any of these mistakes that they claimed to of made They also told me that their a huge public company and that they have no reason to cheat me. They could give two sh-t's if I stay their customer. What a joke. I have now closed my account.

So once again, I feel very cheated and I think Sportsbook.com is very shaddy!!!!

SBR Bill Dozer reports: Another sportsbook folds?

11.14.2004
Players have not been able to access their accounts at UnitedWager (SBR rating F) since late October and phone lines are no longer in service. Multiple players claim that this operation has disappeared with their funds.

SBR Bill Dozer reports:

11.13.2004
Player reports MVPbets (SBR rating D+) withholds payout of winnings and applies a roll-over requirement to entire account balance, which did not include a bonus. The player won these funds playing NBA half time and quarter lines. Upon requesting a withdrawal he was told he must wager twice the amount of his balance, betting only on full games. The bettor resentfully completed these unforeseen requirements and has been paid in full. Players can avoid books that make up rules as they go by sticking with top rated sportsbooks.