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  1. #1

    Exclamation Sportsbetting.com joins BetUSA in stating that it will not confiscate winnings

    Sportsbetting.com (SBR rating D+) joins BetUSA (SBR rating C-) in stating that it will not confiscate winnings from correlated parlays, which was the original action taken by service provider, Sportsbook.com's (SBR rating D+) operation management. Any players that have found their SportsBetting.com account to be debited should contact SBR or Sportsbetting.com.

    BetUSA has added the following rule to address the lack of software control over correlated parlays. Other Sportsbook.com sister sites are encouraged to add similar language and warn players via email that this new stipulation exists.

    Correlated parlay betting: The results of certain events can be considered to be correlated. For example, in college football betting on a heavy underdog (eg 35 point underdog) and the under in the game is statistically correlated. If players consistently bet correlated parlays then management reserves the right to regrade wagers. Wagers will be split so that half the stake will go on the pointspread and half on the under in the game. This rule applies from 19 October 2007. This will only apply to those regularly staking $50 or more on parlays and is intended only to limit professional bettors who consistently bet correlated parlays.

    SBR Rules Monitor: BetUSA

    SBR continues to discuss this matter with Sportsbook.com management with little progress. Sportsbook.com has agreed to credit players for losing correlated parlays since September 1st. This is of little consolation for most victims because only winning account holders were robbed during a time period when Sportsbook.com noticed players beating the book for large sums. Players do not have the option to recover losses from periods prior when they may have sustained a losing run. The offer by Sportsbook.com, although possibly reducing the amount stolen, further illustrates why the actions are unjust.

    SBR Founder Join Date: 8/10/2005


  2. #2

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    More good news. I wish the skin I used would man up like these guys have. Maybe I'll give them a nice email and let them know what their better sister books are doing.
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 05/24/2012


  3. #3
    trixtrix's Avatar Become A Pro!
    Join Date: 04-13-06
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    sbr, has hollywood sportsbook (the acct which they stole from me at) stated anything at all in terms of their personal decision?

    really the only reason i kept playing at sportsbook is b/c i had a left-over acct at hollywood and figured w/ their former reputation they'd be a cut above the rest.. guess that might've changed..

  4. #4

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    Can you please clarify their relationship with Sportsbook.com?

    SBR Founder Join Date: 8/23/2005


  5. #5
    Bill Dozer's Avatar Administrator
    Join Date: 07-12-05
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    Quote Originally Posted by JC View Post
    Can you please clarify their relationship with Sportsbook.com?
    At the end of 2005 World Gaming, which held the license for Sportsbetting.com, announced it bought the book. BetOnUSA eventually bought World Gaming. Then, everything to do with World Gaming went to Jazette including the software source code. BetOnUSA and all the other sister books began operating out of the Sportsbook.com center.

    The BetOnUSA folks started Oddsmaker on Futurebet's service and later managed to get BetOnUSA back from Jazette. They also got the accounts from sister books and had the sites redirect to BetOnUSA (including PyramidCasino which they claim they aren't affiliated with and refuse to pay player over $10K). We don't know whose name is on the deed for Sportsbetting.com now. All we know is that they are a brand on the Jazette platform that states it will act independently.
    Last edited by Bill Dozer; 10-19-07 at 07:35 PM.

    SBR Founder Join Date: 7/12/2005


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