Sportingbet Group’s accounting errors leave players without access to funds for weeks

onlòóker · 11-04-2005, 03:06 AM

11.3.2005 (11:11 PM CST)
SBR Bill Dozer reports: Sportsbook.com (SBR rating C) and the Sportingbet Group’s accounting errors leave players without access to funds for weeks. The operation services over 50 sportsbooks and many players unknowingly utilized more than one of the heavily marketed websites. Sportingbet has recently told some of these players that they would have to consolidate their accounts and that they would receive their balances via book-to-book transfers to one of the family’s websites. Bettors have reported waiting two weeks for five figure sums as the book attempts to get its records in order. Although this delay is frustrating, SBR has told players that this is likely a botched procedure that will be corrected in time. SBR to inquire with management.

tacomax · 11-04-2005, 03:57 AM

Again, an example of a non-rogue book which continues to fail due to administrative inefficiencies. Why on earth they can't sort out this side of the business is mind-boggling.

BuddyBear · 11-04-2005, 11:16 AM

Why even bother playing with those books....so many better out there.

Santo · 11-04-2005, 11:24 AM

10% weekly helps your bottomline in terms of win percentage needed to break even.. 10% @ 5 books on a Thursday gave you an extra $500 for that weeks wagers..

They've cut down the bonuses to 5% at the same time as this, so they were certainly getting hit hard, though I suspect more from the casino players than the sportsbook ones..

Brick Tamland · 11-04-2005, 11:34 AM

I would still play there if I didnt have to worry about them canceling my bets. dont wanna wonder if i got a legit bet when i find good odds.

tacomax · 11-04-2005, 12:02 PM

I've placed a lot of bets there and never had a cancelled one. I suspect that if you stick to the major US sports then you're not going to have a problem.

stump · 11-04-2005, 02:45 PM

more crooks.... stick with top notch books

OldeTymePlaya · 11-04-2005, 02:50 PM

Very bad

pags11 · 11-05-2005, 01:38 AM

another fishy story with this book...it never ends with these guys...

David · 11-08-2005, 12:03 AM

Anybody know if they got those accounting errors worked out? Are these problems occurring at just sportsbook.com or all of the sportingbet books?

bigboydan · 11-08-2005, 02:50 AM

seems like this book is always having these type of problem.

pags11 · 11-08-2005, 03:27 PM

I have not heard anything regarding this...my biggest problem (amongst others) was I couldn't understand any of the customer service people from sportsbook.com...

Bill Dozer · 11-09-2005, 01:54 AM

Quote:

Originally Posted by David

Anybody know if they got those accounting errors worked out? Are these problems occurring at just sportsbook.com or all of the sportingbet books?

All of the books are involved but some of the "investors" who handle CS as well as marketing, have the power to correct SBT mistakes at their own cost. BetUSA is an example of an SBT book that makes independent decisions and players can have more faith in although they do have one of these situations in their lap at the moment. I am interested to see how it is handled.