Poker Chip-dumping: Balkanbet sportsbook dispute

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Editor's update: BalkanBet is now operating as EFBet.

A Balkanbet (SBR rating C-) player states that his account has been locked for three months. Balkanbet accused the player of more here.

The Balkanbet player tells SBR that when his account was closed after suspicion of chip-dumping three months ago, his balance was €250. The player states that Balkanbet told him that their poker network provider, Microgaming, would have to complete an investigation before his funds could be recovered.

What is chip-dumping?
Chip-dumping is the practice of intentionally funneling funds to related accounts within a poker game. Chip-dumping is typically carried out with multiple accounts. It can be a way to evade an insufficient deposit or to circulate ill-gotten funds. On October 5th, 2010, SBR reported that a (SBR rating D-) player was accused of chip-dumping and had $2,800 in winnings seized.

Balkanbet holds a license from the Lotteries and Gaming Authority (LGA) of Malta.  The license holds little weight in the eyes of many as some of the most high profile European facing sportsbooks to have went under in the last two years have operated with the LGA seal. Such scam sportsbooks include Stryyke (SBR rating F), BetAfterBet (SBR rating F-), BetOnBet (SBR rating F), BetChance (SBR rating F).

Balkanbet's SBR reported history
On November 11th, 2010, SBR reported a Balkanbet bonus dispute. In that dispute, a player with a €1,332, 30-day wagering requirement had five of six wagers canceled. The player confirmed the cancelations via screenshot, the wagers were in-line with normal market odds at the time.

On October 23rd, 2010, a Balkanbet player reported being limited to €5 maximum wagers. The player had €1,200 in rollover left to clear and only a sixty day window to fulfill his betting requirement.

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