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Online sportsbook BetRevolution.com has come under fire in recent days for reportedly confiscating $26,908 from two players citing syndicate betting, according to the website SportsBookReview.com.
According to the SBR site:
The first player opened his account with BetRevolution in December 2011. He deposited $5,209 through six transactions for $3,870 in cash bonuses, made 874 wagers, and has been paid $8,220. His balance stands at $22,908. On February 27th, he was told that his account was under investigation. BetRevolution later accused him of being the ringleader of a betting group that included three players with a fourth suspected.
The second player's account was created in September 2012. He deposited $900 for a 50% cash bonus, made 76 wagers, and has never been paid. He requested an $800 payout on January 23rd, but this request was stalled for one month, meanwhile he continued to bet and add to his balance. With his account at $4,000, BetRevolution asked him to provide ID on February 21st. After providing his ID, BetRevolution indicated they were investigating his account. He was then accused of having irregular bet patterns and asked if he knew any other BetRevolution players: He denied the charge
SBR contacted BetRevolution on behalf of the players whose funds had been confiscated:
The crux of BetRevolution's argument is that the players conspired to circumvent house limits by betting in concert with one another. BetRevolution produced statistics indicating that of player number two's 76 wagers, 41 were placed on the exact same line as account number one. All 41 wagers were placed within 30 minutes or less of each other. BetRevolution went on to indicate 35 of the wagers were placed within 15 minutes, and 28 of the wagers were placed within 5 minutes as player one.
SBR alluded to the fact that BetRevolution continued to accept wagers from the players for several months despite their concerns about possible collusion.
- Chris Costigan, Gambling911.com Publisher
