BetEd sportsbook bailout watch - day 19

Share with:


BetEd players funds have been up in the air since May 25th, 2011. BetEd Sportsbook had its domain seized by US authorities in connection to a federal indictment for money laundering and violating portions of the UIGEA law passed in 2006. | BetEd sportsbook bailout?

On June 1st, 2011, SBR reported that a highly rated sportsbook offered to cover BetEd player balances in full. While the terms of the deal were not publicly released, SBR can confirm that players would not have been required to deposit and the playing requirement was not excessive.

Past sportsbook bailouts
An example of a generous sportsbook bailout occurred when Bookmaker (SBR rating A+) acquired BetJoint. Player balances were covered in full and players were only required to complete a 3X rollover. An instance of a bailout that could be considered more of a marketing/bonus promotion would be when BigJuicyOdds (SBR rating F) took on SBG Global players whilst giving them a 20X rollover.

BetEd history
BetEd Sportsbook has been online for about seven years, while taking bets a lot longer with online casinos. Judging player feedback over the years, SBR concludes that BetEd was a recreational sportsbook that ran a tight ship in terms of limiting and showing the door to sharp players. BetEd had years of exposure on gaming forums and likely acquired a desirable and loyal following, making an acquisition more attractive to potential suitors.

SBR can confirm that a total of two highly rated sportsbooks offered a fair bailout offer to BetEd, which has yet to be accepted. Value for the helping sportsbook diminishes with each day that passes as there are concerns about the business practices from the BetEd camp.

BetEd players have not been issued a single statement from management, instead, BetEd has spoken to players through their gaming forum advertiser staff, fueling the tension and uncertainty on behalf of players. You can read BetEd player concerns in this BetEd Sportsbook thread.

Poster's Poll
A+
950 Pts
A+
825 Pts
A+
390 Pts
A+
355 Pts
A+
350 Pts

Contact Us