Betcoin Sportsbook slides to C-

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Betcoin Sportsbook has had their rating adjusted from C to C-. The online sportsbook confiscated 6 bitcoin (approximately $1,700 as of today's pricing) from a player who profited betting tennis in their sportsbook.

The player originally deposited to play poker and had his starting balance funded through a player transfer.

Betcoin does not accuse the player of operating the same device or contest his activity in the poker room. However, Betcoin's red flags were raised when they lowered the wagering limit of this player's friend, the day after the player allegedly made the same type of tennis wagers that his friend was limited for making.

What makes the dispute a little different than the standard issue of circumventing limits at online sportsbooks is that Betcoin does not even prohibit multiple accounts in their terms and conditions, because as a bitcoin sportsbook the betting site does not require more than a player's e-mail address, a standard username, and a password. Traditional sportsbooks meanwhile explicitly outlaw circumventing limits through one or account or through what is known as a 'beard'.

As a result, players who have forgotten their username and password can simply make a new deposit to the Betcoin wallet and continue playing. There is no restriction associated with doing so in the Betcoin rules page.

Betcoin has so far not been available to discuss this winning confiscation with Sportsbook Review.

Prior to this issue, SBR mediated a complaint where a player claimed that funds were transferred out of his account by an unauthorized third party.

Sportsbook Review will update the newswire feed following any discussion with the bitcoin sportsbook.

Bettors can find a list of bitcoin accepting sportsbooks using the SBR Rating Guide.

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