confiscation of money

ginrummy · Oct 14, 2007

can not believe this has not been mentioned here.

from SBR,

10.11.2007 (11:10 PM CST)
Sportsbook.com (SBR rating D+) confiscates winnings made from correlated parlay bets dating back over one month. SBR is currently investigating complaints submitted by four players who were informed via email that thousands would be deducted from their balances because winnings derived from parlays where the legs of the parlay are "linked." Wagering on Over the total score and the Underdog spread would be an example of a correlated 2-team parlay. Some sportsbooks use their software to prohibit these types of wagers. SBR is also investigating a separate claim made by a player who states that over $80,000 was confiscated because he utlized different sportsbook websites within the Sportsbook.com family (Jazette ltd Group) of sportsbooks. This has been allowed and often encouraged by the different brands in the past. SBR will list updates for all Sportsbook.com complaints ranging from instances of incorrectly graded wagers to missing balances from sportsbook brands that defected from the Sportsbook.com operation to other white label services.

fucnluc · Oct 14, 2007

Need to see the books side to form an opinion.

All I see is "players claim" and "players claim". Many players would claim anything if it meant getting money.

WVU · Oct 14, 2007

sounds like a bonus scheme gone bad

fucnluc · Oct 14, 2007

__________________
the people's mod

ginrummy · Oct 14, 2007

<table id="post375171" class="tborder" align="center" border="0" cellpadding="6" cellspacing="0" width="100%"><tbody><tr valign="top"><td class="alt1" id="td_post_375171" style="border-right: 0px solid rgb(51, 102, 153);">nothing to do with bonus. told in an e-mail that money was confiscated for betting correlated parlays.
what a nightmare. you wins some parleys in september that were credited to your account and then over a month later the funds have been confiscated. this is outrages and outright thievery.

Quote:
<table border="0" cellpadding="6" cellspacing="0" width="100%"> <tbody><tr> <td class="alt2" style="border: 1px inset ;"> Originally Posted by Bill Dozer

Yes, there has been some large and unjust confiscations. We received a few complaints today and some yesterday and hope to have mgt. state what this was based on tomorrow morning, if not tonight.
</td> </tr> </tbody></table>
Add me to the list of those ripped off. They confiscated $9014.56 from my account. And they lowered my parlay limits to $1. I'll send you a copy of my email, Bill. Time to lower their rating to at least D- (I'd say F, but they are paying what they "think" they owe to others even if it takes almost 3 weeks).
 </td> </tr> <tr> <td class="alt2" style="border-style: none solid solid; border-color: -moz-use-text-color rgb(51, 102, 153) rgb(51, 102, 153); border-width: 0px;">

</td> <td class="alt1" style="border-style: none solid solid none; border-color: -moz-use-text-color rgb(51, 102, 153) rgb(51, 102, 153) -moz-use-text-color; border-width: 0px;" align="right">

</td></tr></tbody></table>

bdgear · Oct 14, 2007

WVU said:
sounds like a bonus scheme gone bad

its not a bonus scheme its outright theft from correlated parlays

Presto · Oct 14, 2007

Wagering on Over the total score and the Underdog spread would be an example of a correlated 2-team parlay.

Now I feel even more square (if that's possible) as I always thought it was underdog with the under to be correlated.

bdgear · Oct 14, 2007

WVU said:
sounds like a bonus scheme gone bad

how can someone that is as sharp as you read that and come to that conclusion?

viking611 · Oct 14, 2007

Presto said:
Now I feel even more square (if that's possible) as I always thought it was underdog with the under to be correlated.

maybe it was a Louisville game.

valdosta · Oct 14, 2007

I know 1 of the guys and talk to him on AIM quite a bit, it's legit.

Doug · Oct 14, 2007

Presto said:
Now I feel even more square (if that's possible) as I always thought it was underdog with the under to be correlated.

It is dog and under or fav and over, that is stated wrong in the SBR release.

WVU · Oct 14, 2007

bdgear said:
how can someone that is as sharp as you read that and come to that conclusion?

relax. One side has been posted. There is always more to the story.

Doug · Oct 14, 2007

bdgear said:
its not a bonus scheme its outright theft from correlated parlays

They took it for years, offered no total on some games with high spreads before. They need to have software reject it, if they don't want the bet, like most other books do.

Doug · Oct 14, 2007

WVU said:
relax. One side has been posted. There is always more to the story.

It's pretty clear, they cancelled all the plays ( winners and losers), not sure at what point they deem it too correlated, though.

Timetopay · Oct 14, 2007

WVU said:
relax. One side has been posted. There is always more to the story.

The peoples Mod but still a mod....:sad3:

Funny how you never hear these stories about some books and others you hear them all to often.

Why would players report something and try to get help if they did something wrong.Just cant see what would be the purpose of that but I guess there could be a reason.

fucnluc · Oct 14, 2007

Timetopay said:
Why would players report something and try to get help if they did something wrong.Just cant see what would be the purpose of that but I guess there could be a reason.

It happens all the time.

Here is one of the more infamous cases:

http://www.therxforum.com/showthread.php?t=382192

I'm not taking the books side, but I can't form an opinion without hearing the managments statement.

bdgear · Oct 14, 2007

WVU said:
relax. One side has been posted. There is always more to the story.

plese shut up nothing more than outright theft

Doug · Oct 15, 2007

bdgear said:
plese shut up nothing more than outright theft

I thought you were saying it was theft to bet them, but I see you mean theft by SB to cancel them... I should have known you better,eh !

bdgear · Oct 15, 2007

Doug said:
I thought you were saying it was theft to bet them, but I see you mean theft by SB to cancel them... I should have known you better,eh !

you would think

Doug · Oct 15, 2007

bdgear said:
you would think

my apoligies,BD ! :103631605

:howdy::missingte

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