Speaking of Sportsbook.com

[Lucy11]

What about this stuff concerning SBG Global?


BetRoyal confiscates what is estimated to be just over six figures in winnings from 18 players that were also subscribers to the same sports handicapping service. The book paid a tout to refer these players to BetRoyal. The players, which were clearly sourced from the pick service, made money playing the pay-for picks at BetRoyal. BetRoyal was later purchased by SBG Global in June. SBG was asked if they wanted to continue doing business with these winning customers by both the pick service and the players' account manager. SBG management was able to review the account activity and reaffirm that they wanted to book action from these players. The house continued to lose on these plays until management froze the accounts for an "investigation." SBG is known for freezing accounts prior to confiscating funds. This tactic is used to guage backlash from users and the negative effect on current marketing investments; legitimze the claim that there may have been fraud and something to actually investigate, and to simply stall from having to deal with victims when they are most upset.

Anyone else read this?

 

[Lucy11]

It is funny that no one has anything to say about this.:mj07:

 

[turksure]

Group following plays from a Connecticut radio sports handicapper. That's syndicate betting action?? Really, what happen to take a bet and pay a bet. They will get not play from me. What a joke. Anyone know who this cat is???


Copy and paste story:
SBG Global "User Friendly, Not Abuser Friendly"
SBG Global has responded to accusations that they refused to pay out winnings to a group of individuals following plays from a Connecticut radio sports handicapper.

In an interview with XXX.com, Senior management explained their position in the matter.

"We won't be cheated!" said a high ranking official in the company. "While we rarely have to, we do defend ourselves from this type of group play and it is clearly posted on our website: 'No syndicate or professional betting action allowed'."

A group of individual sports bettors are claiming that SBG Global is withholding payments from them. SBG is saying that this group has won a substantial sum of money over the last few months and that all initial deposits (investments) into this "scheme" have been paid.

"Those who won more than their deposits do not get paid additional amounts," management told XXX. "In Vegas you can't get away with this, why would we allow it online?"

While the player in question contends that over $200,000 is in dispute, SBG Global says it is just over $100,000 and that past winnings by the group were taken into account to determine that no additional money be owed.

The controversy involves a woman by the name of Darlene who worked for BetRoyal's casino arm. As part of SBG Global's agreement to purchase BetRoyal's sportsbook, Royal's deal was to convert casino players into sports bettors via Darlene. Instead, she was sending these "sharp players", SBG contends.

SBG Global alleges that the players were working in conjunction with Darlene and a radio sports handicapper out of Connecticut. One of the individuals admitted that he was being berated by the sports handicapper for not following his specific instructions on how to bet.

"Telling a group of people how to bet, how to play and for what amount, that is organized play and not permitted at SBG Global.

"BetRoyal was a disorganized company that had all types of people getting ridiculous bonuses and betting steam. SBG Global is a real company that studies betting patterns. We have plenty of people winning who get paid and get paid big, including customers who have come to us from BetRoyal.

"One guy came to us with a huge balance and kept pounding us but he was playing fairly and we ended up paying this guy deep into the six figures. He is still a customer with us. You never heard of BetRoyal customers not getting paid after they joined SBG prior to this incident with the syndicate group.

"We are not stupid. We know how to identify sharp action by following trends and how a group of people are all betting from the same area on steam plays. These are individuals who are not welcome at SBG Global and we simply show them the door so they can bet elsewhere."

SBG Global contends it took some time to catch on. While some of the players in this group lost money, others won big and SBG contends the winnings were more than the losses. Only 15 individuals were part of this group, SBG stated. Not the 50 that has been quoted.

"My conscience is clear at the end of the day," the SBG senior manager expressed in closing. "We are just protecting ourselves and our fair playing recreational customers."

The radio sports handicapper has gotten paid in full, according to SBG Global management.

 

[DOGS THAT BARK]

Am curious why sportbook info is being placed here instead of designated forum?

Don't know about others but don't see where banning big hitters or those betting correlated parlays would be much concern to ave punter--and the high rollers have their 5d-oly-pinn-BJ-Wsex that I'm sure they may feel more comfortable with.

I'm sure everyone has had complaint about every book at one time or another--I just feel fortunate that we in U.S. have any left.

Also feel fortunate that Jack has enough sponsors left to continue operating as I am sure changes in past year have cut income to the bone.

I may be speaking out of turn--but Jack has never implied he was a watch dog of any sort but has continuously went to bat for everyone that has had a problem at a book--if we request he take books off list (as the one previously) for every infraction I'm afraid it will cut into an already dwindling revenue.

I do agree we should all be kept informed on suspect descepencies in sportsbooks but in area designated for it. We can review situation and determine if they apply to us individually--then take any actions we deem necessary.

Just my 2 cents on matter.

 

[turksure]

IE - PLEASE MOVE TO SPORTSBOOK FORUM


no one said anything about jack on this subject, just posting info, that's all

turk