Players beware! Myb casino / my bookie seized $210,000 winnings from account ad-hoc!

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • DontTailMe
    SBR MVP
    • 03-24-19
    • 2897

    #911
    Originally posted by Ewan101
    Again I tend to agree.

    No-one can dispute it was +EV - but trying to nail down the exact +NNN is not possible.

    Do you have comments re: the comparison between a slot and an NBA game and (due to the different nature of these events) that a comparison of what would be a "tolerable" edge to the bookmaker is not a meaningful comparison?
    You added the last 3 paragraphs on edit, so of course I only answered the first part about the estimate.

    Yes, the nature of a slot machine is very different from sports betting. Since no one knows the "true" probability of any sporting event (even the sharpest of sharps is simply estimating), no one can say with certainty whether you have a +EV scenario or not. All you can really say is that, over time, Player X tends to make +EV decisions and that is demonstrated by his/her aggregate results.

    A casino game is very different. There are rules defined within the computer algorithm, and the expected value can be precisely calculated, if so desired. Slot machines are always supposed to be -EV by design, so any game which is +EV is arguably flawed.
    Comment
    • Ewan101
      SBR High Roller
      • 04-23-11
      • 134

      #912
      Originally posted by DontTailMe
      You added the last 3 paragraphs on edit, so of course I only answered the first part about the estimate.

      Yes, the nature of a slot machine is very different from sports betting. Since no one knows the "true" probability of any sporting event (even the sharpest of sharps is simply estimating), no one can say with certainty whether you have a +EV scenario or not. All you can really say is that, over time, Player X tends to make +EV decisions and that is demonstrated by his/her aggregate results.

      A casino game is very different. There are rules defined within the computer algorithm, and the expected value can be precisely calculated, if so desired. Slot machines are always supposed to be -EV by design, so any game which is +EV is arguably flawed.
      And do you agree that - strictly for the purposes of deciding if the "edge was too large" - that, for example, if a bookmaker's line is out on a sports market by a small amount (e.g. the offered odds were +125 when they should have been +120) and that therefore there is little question the player should be paid with no issue - but in the case of a slot if the slot is +105 then this is a completely different and non-comparable case?
      Comment
      • DontTailMe
        SBR MVP
        • 03-24-19
        • 2897

        #913
        Originally posted by Ewan101
        And do you agree that - strictly for the purposes of deciding if the "edge was too large" - that, for example, if a bookmaker's line is out on a sports market by a small amount (e.g. the offered odds were +125 when they should have been +120) and that therefore there is little question the player should be paid with no issue - but in the case of a slot if the slot is +105 then this is a completely different and non-comparable case?
        Logically speaking, yeah, they really can't be viewed in the same way.

        The first problem is that, in the NBA example, the reason why we expect the sportsbooks to give some leeway is because we are talking about odds, which are a marketplace. And there is always going to be a range of available prices in that marketplace. If we allow books to void bets based on a price difference of 5%, then we are giving them license to (unprovably) lie and essentially void any wager they want, giving them a severely unfair advantage. That conundrum doesn't exist here. Slots are supposed to be -EV, period. We all know that intuitively.

        The second problem is that we aren't talking about a single bet, as in your NBA game example. We are talking about a system which can be used over and over again, so aggregate value (total $ profit) is only limited by spins. A slot with EV of +150% per spin and a slot with EV of only +0.01% per spin can both equate to millions of dollars if given enough time. I'm sure that a casino would go to court over both and argue that the player took advantage of a flaw. And unlike the NBA game, this flaw can be mathematically proven.

        Should they pay some of these players out of goodwill or for PR purposes? That's a different, difficult question to answer.
        Last edited by DontTailMe; 06-03-21, 02:56 PM.
        Comment
        • Ewan101
          SBR High Roller
          • 04-23-11
          • 134

          #914
          Originally posted by DontTailMe
          Logically speaking, yeah, they really can't be viewed in the same way.

          The first problem is that, in the NBA example, the reason why we expect the sportsbooks to give some leeway is because we are talking about odds, which are a marketplace. And there is always going to be a range of available prices in that marketplace. If we allow books to void bets based on a price difference of 5%, then we are giving them license to (unprovably) lie and essentially void any wager they want, giving them a severely unfair advantage. That conundrum doesn't exist here. Slots are supposed to be -EV, period. We all know that intuitively.

          The second problem is that we aren't talking about a single bet, as in your NBA game example. We are talking about a system which can be used over and over again, so aggregate value (total $ profit) is only limited by spins. A slot with EV of +150% per spin and a slot with EV of only +0.01% per spin can both equate to millions of dollars if given enough time. I'm sure that a casino would go to court over both and argue that the player took advantage of a flaw. And unlike the NBA game, this flaw can be mathematically proven.

          Should they pay some of these players out of goodwill or for PR purposes? That's a different, difficult question to answer.
          I concur with this 100%

          So it looks like we have our answer re: the players who exploited the "Take The" slots to the collective tune of 10 Million US Dollars.

          The affected companies are going to fight this, they will rely on the published t&c, and the claimants are going to have a little bit of a fight on their hands.

          The PR / Goodwill argument - this has been addressed by previous posters to some extent. MyBookie are already in the hole re: bad PR - so paying 10m Million now does not seem like a good ROI for them
          Comment
          • HedgeHog
            SBR Posting Legend
            • 09-11-07
            • 10128

            #915
            Originally posted by Ewan101
            I concur with this 100%

            So it looks like we have our answer re: the players who exploited the "Take The" slots to the collective tune of 10 Million US Dollars.

            The affected companies are going to fight this, they will rely on the published t&c, and the claimants are going to have a little bit of a fight on their hands.

            The PR / Goodwill argument - this has been addressed by previous posters to some extent. MyBookie are already in the hole re: bad PR - so paying 10m Million now does not seem like a good ROI for them
            I'm not as convinced as you are, but I respect your opinion. Without question, DTM made some excellent points. Most noteworthy is that comparing sports wagering to casino gambling isn't feasible. It's an apples vs oranges rabbit hole we probably shouldn't go down. I only brought it up because I'm primarily a sports bettor with little casino experience. I understand the one very well and the other not so much, so I go with what I know. That said, I would not be so quick to dismiss the casino players' cases. I don't view them as "exploiting" the game. They have a reasonable expectation to be paid if they played the game and won. Certainly there were some that played this game and lost despite the glitch, perhaps not realizing the advantage and quitting early on. Should they be reimbursed, or do we just let MB keep that and stiff the winners?

            Either Bet Soft or My Bookie is responsible for the glitch that occurred, very likely the latter IMO. As such I think the onus is on the operator to prove its case, and MB has provided no answers to my knowledge. In the end, do I think the players should get 100% of their balances? No, but they may be entitled to more than just the payouts they received thus far. Further, MB should offer to reinstate their accounts as the fault is not with the players. Why anyone would still want to play there after this BS is beyond me, but they should at least have the option. Just my 2 cents.
            Comment
            • lonnie55
              SBR MVP
              • 04-08-16
              • 2689

              #916
              Originally posted by HedgeHog
              IWhy anyone would still want to play there after this BS is beyond me
              OP alone took home 84k from a +EV slot and who knows how much the other 60+ players were able to withdraw before MYB woke up. That's a strong reason to keep playing there, if you ask me. Yes, MYB is a shit book but that is no news. The bottom line of this case is that they are stupid enough to pay hundreds of k's to dozens of players on a flawed slot.

              This case could even attract new players and angle shooters.
              Comment
              • DontTailMe
                SBR MVP
                • 03-24-19
                • 2897

                #917
                Originally posted by HedgeHog
                I'm not as convinced as you are, but I respect your opinion. Without question, DTM made some excellent points. Most noteworthy is that comparing sports wagering to casino gambling isn't feasible. It's an apples vs oranges rabbit hole we probably shouldn't go down. I only brought it up because I'm primarily a sports bettor with little casino experience. I understand the one very well and the other not so much, so I go with what I know. That said, I would not be so quick to dismiss the casino players' cases. I don't view them as "exploiting" the game. They have a reasonable expectation to be paid if they played the game and won. Certainly there were some that played this game and lost despite the glitch, perhaps not realizing the advantage and quitting early on. Should they be reimbursed, or do we just let MB keep that and stiff the winners?

                Either Bet Soft or My Bookie is responsible for the glitch that occurred, very likely the latter IMO. As such I think the onus is on the operator to prove its case, and MB has provided no answers to my knowledge. In the end, do I think the players should get 100% of their balances? No, but they may be entitled to more than just the payouts they received thus far. Further, MB should offer to reinstate their accounts as the fault is not with the players. Why anyone would still want to play there after this BS is beyond me, but they should at least have the option. Just my 2 cents.
                I agree with most of your post, but wanted to call out the bolded. I'm not sure why this would matter. Your hypothetical players (most everyone who played these games) didn't know about the +EV glitch and therefore didn't exploit the casino. They played normally, and won/lost normally (mostly lost), just as expected. If anything, perhaps they unwittingly benefitted from the glitch a few times by coincidentally adjusting their bet sizes at just the right time without knowing the impacts and gained a micro % EV from the situation.

                This isn't analogous to a sportsbook freeroll scenario IMO. But perhaps I misunderstand what you're trying to say here.
                Last edited by DontTailMe; 06-03-21, 05:39 PM.
                Comment
                • DontTailMe
                  SBR MVP
                  • 03-24-19
                  • 2897

                  #918
                  Originally posted by Ewan101
                  The PR / Goodwill argument - this has been addressed by previous posters to some extent. MyBookie are already in the hole re: bad PR - so paying 10m Million now does not seem like a good ROI for them
                  Yes, I was talking about it from the perspective of a generic casino. But this is an unfortunate reality facing these players, I fear.

                  Originally posted by lonnie55
                  OP alone took home 84k from a +EV slot and who knows how much the other 60+ players were able to withdraw before MYB woke up. That's a strong reason to keep playing there, if you ask me. Yes, MYB is a shit book but that is no news. The bottom line of this case is that they are stupid enough to pay hundreds of k's to dozens of players on a flawed slot.

                  This case could even attract new players and angle shooters.
                  Hahahaha. Good point!

                  It's been said many times before in this thread, but it really is incredible that they didn't catch this sooner. This is a shit book which absolutely HATES seeing money leave it's coffers.
                  Comment
                  • HedgeHog
                    SBR Posting Legend
                    • 09-11-07
                    • 10128

                    #919
                    Originally posted by DontTailMe
                    I agree with most of your post, but wanted to call out the bolded. I'm not sure why this would matter. Your hypothetical players (most everyone who played these games) didn't know about the +EV glitch and therefore didn't exploit the casino. They played normally, and won/lost normally (mostly lost), just as expected. If anything, perhaps they unwittingly benefitted from the glitch a few times by coincidentally adjusting their bet sizes at just the right time without knowing the impacts and gained a micro % EV from the situation.

                    This isn't analogous to a sportsbook freeroll scenario IMO. But perhaps I misunderstand what you're trying to say here.
                    Basically you're saying that the players that lost were supposed to, so all is good and MB gets to keep their losses. But the players that won and shouldn't have in your opinion need to forfeit their balances? Sounds like a great deal for the Book. Seems inconsistent to me, but I'm just a naive sports bettor trying to understand the complexities of casino gambling. I get the math and know an advantage was present for the casino players, but I don't know how big it was --neither do you by your own admission. You seem content that any advantage in the favor of the player, no matter how small, is reason enough for confiscation. Afterall, the game is supposed to be -EV, so how could the player possibly be ahead? It's tantamount to the Book tossing a coin and saying "Heads I win and Tails you lose".
                    Comment
                    • DontTailMe
                      SBR MVP
                      • 03-24-19
                      • 2897

                      #920
                      Originally posted by HedgeHog
                      Basically you're saying that the players that lost were supposed to, so all is good and MB gets to keep their losses. But the players that won and shouldn't have in your opinion need to forfeit their balances? Sounds like a great deal for the Book. Seems inconsistent to me, but I'm just a naive sports bettor trying to understand the complexities of casino gambling. I get the math and know an advantage was present for the casino players, but I don't know how big it was --neither do you by your own admission. You seem content that any advantage in the favor of the player, no matter how small, is reason enough for confiscation. Afterall, the game is supposed to be -EV, so how could the player possibly be ahead? It's tantamount to the Book tossing a coin and saying "Heads I win and Tails you lose".
                      Hold on. I'm sincerely asking you under what theory the players who lost should have to be paid back. I brought up sportsbook free roll scenarios in my last post because I assumed you were trying to draw some analogy to that (which doesn't exist here IMO). In a free roll situation, the book unfairly benefits from keeping player losses while not having to pay out player winnings. That's NOT what is happening here.

                      Some of your hypothetical players will have lost and some will have won. And as long as they didn't exploit the game flaw, there's absolutely nothing wrong with that. This is certainly not "Heads I win, tails you lose."

                      Let's say a casino catches a blackjack player cheating with an electronic device and they confiscate his winnings. All I'm saying is that that should have absolutely zero impact on the winnings/losses of the other players at the table who played the game fairly. NOTE: Let's not get hung up on me comparing this to a card cheat. My purpose isn't to say that the transgressions are of equal magnitude, but merely to illustrate how Player A has nothing to do with Players XYZ.
                      Last edited by DontTailMe; 06-03-21, 08:35 PM.
                      Comment
                      • Spencerho
                        SBR Rookie
                        • 05-08-21
                        • 46

                        #921
                        Hi Optional,

                        Havent heard back from you for the past couple weeks in regards to any updates regarding the case; was wondering if it was possible for you to give us an update here on this forum. Also, Betsoft/MyBookie have been ignoring our requests to get their ADR information for weeks, and as players it is our exclusive right to obtain this information, would it be possible for you to help us obtain this information? It would be great if we could get some type of information, the players affected right now have been left in the dark for awhile now.

                        Originally posted by Optional
                        The OP may really be as naive as he is claiming.

                        He sounds like he has been playing the game for a very long time. If the casino did not stop you, and kept paying you, for 10 months, I think many readers here would convince themselves it must be fine.

                        Hindsight and math helps makes it very obvious there was some sort of issue going on but in the heat of the moment many gamblers would keep convincing themselves it was fine.


                        But really, does it matter?

                        If the operator made a bad setting (still not confirmed) I think it is still on the operator to make good on the outcome. In some way. Some way better than treating players like they are cheats at the very least.


                        And for the threads info. There is approaching 60 players identified as benefitting from the issue. I dont know the total outstanding balance but something between 5 and 10 million $ would not surprise me.
                        Comment
                        • Barrakuda
                          SBR Wise Guy
                          • 02-28-18
                          • 786

                          #922
                          There is a reason most defense attorneys don't advise their clients to testify.
                          Comment
                          • Barrakuda
                            SBR Wise Guy
                            • 02-28-18
                            • 786

                            #923
                            Originally posted by Patrick McIrish
                            Call it what you want but these books can make adjustments to this BS casino software they are using.

                            Tampering implies wrongdoing, let's just say they can manage or "adjust" settings.

                            Did they? I have no idea but let's not pretend you need a team of elite hackers to manage casino software.

                            It's not one size fit all kind of deal.
                            There is no "setting" that allows the casino to lose money. Hence, the software had a bug. It's really not that hard to understand.
                            Comment
                            • Thunderground
                              SBR Sharp
                              • 09-09-15
                              • 256

                              #924
                              Originally posted by lonnie55
                              OP alone took home 84k from a +EV slot and who knows how much the other 60+ players were able to withdraw before MYB woke up. That's a strong reason to keep playing there, if you ask me. Yes, MYB is a shit book but that is no news. The bottom line of this case is that they are stupid enough to pay hundreds of k's to dozens of players on a flawed slot.

                              This case could even attract new players and angle shooters.
                              That's right. Imagine if you can hand ten different players a 200K check in a big celebration. Best advertising money ever spent.
                              Comment
                              • RAIDER1223
                                SBR Sharp
                                • 01-21-12
                                • 293

                                #925
                                Hello everyone:

                                I hope you guys are doing well.

                                After a couple of months, I have a quick update to share for anyone whom is interested.

                                I just spoke to a person at My Bookie whom works in the Casino Security Team Department. This person stated that they have the authority to enable my account and place the balance back on it. She took the time to hear my explanation and summary of the Matter which dates back to the seizure of the balance at the end of March, 2021. She stated that she will open a case and speak to the Casino Gameplay Security Department, and will review the emails, play activity, other data, and exactly why the account was disabled and the balance seized. She is also going to investigate why the Auditor took the action that he did and what substantiated his unilateral decision in taking such action, She also stated that she will contact me by phone and email with an update / resolution; and asked for a few days to get back to me.

                                She also confirmed that My Bookie does have an ADR, but did not know what company that was, and that she would have to inquire within about that information. She fully understands that if my account is not re-enabled with the balance placed back on the account, then the next step would be to move the Matter to the elected ADR that they use. She understands that this is not the preferred path that I want to take, and would rather go back to just being a customer as was before; when there was never a problem in any sort for over a year.

                                She was very nice and pleasant on the phone.

                                I honestly believe that she would like to help me, and am hopeful that she will be able to re-enable my account, along with placing the balance back on it.

                                I will keep everyone informed when I hear back from her.

                                Hoping for the best.

                                Thanks everyone. Please be safe.
                                Comment
                                • Crusherrr
                                  SBR MVP
                                  • 06-27-16
                                  • 3646

                                  #926
                                  Good luck Raider
                                  Comment
                                  • Ken1234
                                    SBR Hustler
                                    • 05-23-21
                                    • 55

                                    #927
                                    Originally posted by RAIDER1223
                                    Hello everyone:

                                    How did you eventually get to her??
                                    I kind of have an similar situation as yours but not casino, all sports bets.

                                    Anyway, my account has been disabled for an unknown reason over a month now.

                                    Anyway, good luck bro!

                                    I hope you guys are doing well.

                                    After a couple of months, I have a quick update to share for anyone whom is interested.

                                    I just spoke to a person at My Bookie whom works in the Casino Security Team Department. This person stated that they have the authority to enable my account and place the balance back on it. She took the time to hear my explanation and summary of the Matter which dates back to the seizure of the balance at the end of March, 2021. She stated that she will open a case and speak to the Casino Gameplay Security Department, and will review the emails, play activity, other data, and exactly why the account was disabled and the balance seized. She is also going to investigate why the Auditor took the action that he did and what substantiated his unilateral decision in taking such action, She also stated that she will contact me by phone and email with an update / resolution; and asked for a few days to get back to me.

                                    She also confirmed that My Bookie does have an ADR, but did not know what company that was, and that she would have to inquire within about that information. She fully understands that if my account is not re-enabled with the balance placed back on the account, then the next step would be to move the Matter to the elected ADR that they use. She understands that this is not the preferred path that I want to take, and would rather go back to just being a customer as was before; when there was never a problem in any sort for over a year.

                                    She was very nice and pleasant on the phone.

                                    I honestly believe that she would like to help me, and am hopeful that she will be able to re-enable my account, along with placing the balance back on it.

                                    I will keep everyone informed when I hear back from her.

                                    Hoping for the best.

                                    Thanks everyone. Please be safe.
                                    How did you eventually get to her??
                                    I kind of have an similar situation as yours but not casino, all sports bets.

                                    Anyway, my account has been disabled for an unknown reason over a month now.

                                    Anyway, good luck bro!
                                    Comment
                                    • Spencerho
                                      SBR Rookie
                                      • 05-08-21
                                      • 46

                                      #928
                                      Hey steve do you know if i can get that contact infomration from you for that lady you were speaking too?
                                      Comment
                                      • Spencerho
                                        SBR Rookie
                                        • 05-08-21
                                        • 46

                                        #929
                                        Hey steve do you know if I can get the contact info of that lady you were speaking too, or the extension? Thanks
                                        Comment
                                        • semibluff
                                          SBR MVP
                                          • 04-12-16
                                          • 1515

                                          #930
                                          Not trying to cause any trouble but many of us were interested in this case and it's been 6 months without any update. Does anyone know how the case is progressing or whether it has been resolved?
                                          Comment
                                          • semibluff
                                            SBR MVP
                                            • 04-12-16
                                            • 1515

                                            #931
                                            Anyone have an update on this case? Were the players paid? Is it going through a legal battle, and if so, where?


                                            The only case I know that is similar to this is Green vs Petfre, (Betfred).





                                            Whilst its focus is on the terms of online betting companies, the much publicised case of Green v Betfred is a valuable reminder for all companies contracting with consumers of the correct approach to drafting consumer terms.
                                            Comment
                                            • SportsBettor74
                                              SBR High Roller
                                              • 06-19-19
                                              • 184

                                              #932
                                              This thread is from approx 2 years ago now.

                                              As a summary - the OP had a $210K balance confiscated by MyBookie. The issue was that the OP (and several others) cleverly found an exploit in a slot. The OP was able to withdraw $84K USD before the freezing of the account. It was stated that collectively MyBoookie lost around $10M USD from various players who discovered / were told about the exploit. It's unclear how much of this $10M was actually withdrawn before MyBookie woke up.

                                              I recall this thread fondly as several interesting issues were discussed.

                                              Anyway - I wonder how this all turned out 2 years later. Was legal action taken? Did MyBookie pay out? Perhaps they paid a percentage? Perhaps the whole thing was decided in MyBookie's favour? Perhaps MyBookie went silent and in the end no legal action was taken?

                                              Does anyone have any further knowledge about the issue? Just curious.
                                              Comment
                                              SBR Contests
                                              Collapse
                                              Top-Rated US Sportsbooks
                                              Collapse
                                              Working...