Betmaster.com is a scam

[lonnie55]

They are relatively new in the market, yet they are a proven scam as they voided all my bets (138 if I not miscounted) retroactively back to February 22 when I tried to make a withdrawal.

Of course they couldn't give me a proper explanation because the only explanation is: stealing.

I didn't take a bonus or free bet or anything else.

They said they will return my deposit but withdrawals are technically not possible at the moment so maybe they even stole my deposit, not yet sure.

For those who are interested I uploaded my bet history: https://www.dropbox.com/sh/rmvu7jj32...RzFMhx1dARNoka

They used Cyrillic script in their email headers so maybe they are related to Russian scam operations like 1xbet etc.

STAY AWAY

[lonnie55]

[newton0038]

Suspicious activity should mean they are looking inot it, but im sure that is not the case. If its Russian, all is lost

[tommir99]

Wow.. thank you for the warning. I noticed I had bookmarked it before, as they had that 100% welcome bonus, but if they cancel bets then the money is better spent somewhere else.

[Brooklyn]

Lonnie wouldn't it be better with these relatively unknown books, to just make several bets and request a smaller 4 digit withdrawal to test them first if they pay at all?

Because placing over a hundred bets and then only to find out it was for nothing, it's quite time consuming and frustrating.

[eaglesfan371]

My guess is you're an arb. How much vig/cost do you factor in for bad debt as it seems a lot of books are stiffing you. I would imagine you have to increase your arb requirements just to handle these losses.

[Vyasports]

My guess is you're an arb. How much vig/cost do you factor in for bad debt as it seems a lot of books are stiffing you. I would imagine you have to increase your arb requirements just to handle these losses.

He posted his bet history, take a look. Doesn't look like "arb" to me...He does a lot of value betting... and increases his stakes when high in profits...

[lonnie55]

Lonnie wouldn't it be better with these relatively unknown books, to just make several bets and request a smaller 4 digit withdrawal to test them first if they pay at all?

Because placing over a hundred bets and then only to find out it was for nothing, it's quite time consuming and frustrating.

I made the withdrawal request when my P/L was +2k

Verification process took 16 days and they said before that they accepted my documents and that I shall wait a bit longer. At this point I was already limited to 50-75 stakes, so I placed some more bets and ended with +4k

The problem in general is: The earlier you ask for a withdrawal the higher the risk of getting limited. In my experience it's smarter to wait a bit and take the 10-15% risk that the book is a scam, instead of taking only 1k but risk a red flag.

[kkkkk]

assuming the info from your screenshot - german account and bulgarian ip can be suspicious for them

[lonnie55]

assuming the info from your screenshot - german account and bulgarian ip can be suspicious for them

What the hell are you talking about? It's my account and a dynamic German IP from my location, no VPN/Proxy or anything else was in use at any point

[Motorhead11]

Had a mare getting my money from them 3-4 months ago as well. Took me a month but i finally got paid.

By the way, have you threatened them that you will post a complaint etc? In mine case, that worked as i was able to speak directly to manager etc

[lonnie55]

Had a mare getting my money from them 3-4 months ago as well. Took me a month but i finally got paid.

By the way, have you threatened them that you will post a complaint etc? In mine case, that worked as i was able to speak directly to manager etc

I've never seen any book that returned the decision to confiscate all winnings

[Motorhead11]

I've never seen any book that returned the decision to confiscate all winnings

True this. Unfortunately it has become latest trend as well.

[lonnie55]

Today I got back my deposit (and a bit more but that is due to their stupid system)

I will see what I can reach now by forwarding the case to the lawyer

[Motorhead11]

Today I got back my deposit (and a bit more but that is due to their stupid system)
I will see what I can reach now by forwarding the case to the lawyer

Seen you mentioned your lawyer under many threads

Did you ever had any success with him?

[lonnie55]

Seen you mentioned your lawyer under many threads

Did you ever had any success with him?

nope

but the Curacao lawyer works on a no cure no pay basis if the amount in dispute is high enough, so not much to lose

[lonnie55]

https://bitcoinexchangeguide.com/betmaster-ico/

This article is amazing. Some samples:

Years of research has helped this giant online betting company come up with a scientifically reinvented business model

If you visit their website and see how the platform operates, you will with no doubt agree that the company has achieved unrivaled operational efficiency.

The main reason behind their success is because they value their clients and have created a platform that has enabled them to bet and win easily.

...

[tommir99]

Especially that last part was hilarious. They value their clients so much that they void all their bets.

[alano83]

Hello, unfortunately, I too was involved with this book. It's been 3 days since the account has stopped with my money to check just because I won. Can someone help me? Chat is of no use in emails, never replies

[alano83]

Upupup

[deleder]

how did this end?

[lonnie55]

how did this end?

What case are you talking about? Mine or alano's?

My money was confiscated.

BTW, Betmaster is broke. There are ongoing bankruptcy proceedings according to my sources.

[Vyasports]

What case are you talking about? Mine or alano's?

My money was confiscated.

BTW, Betmaster is broke. There are ongoing bankruptcy proceedings according to my sources.

thnks fr heads up

[tyraxx]

a similar situation for me, they block the account they say that I have more than one account, without giving any proof.
is Betmaster a scam?

[deljuve]

Avoid betmaster. They let you withdraw some small amounts, but in the end they confiscates at least smth. If you win, then they starts to do verification for weeks and ask for many selfies and other docs. Then they cancel you bets that was done 1 or 2 months ago and only then you can expect to receive some of your money.

[lonnie55]

Update: Court ordered them to pay. Money received. Case closed.

[Optional]

Update: Court ordered them to pay. Money received. Case closed.

Wow, well done Lonnie



Good to see your face and thanks for updating this thread.

[lonnie55]

Wow, well done Lonnie


Good to see your face and thanks for updating this thread.

Thanks Opti

Credits to my lawyer. I honestly never expected to see a single penny out of all this, but here we go, two cases won, I hope I can add at least one more.

[Motorhead11]

Well done Lonnie, glad to see you back to the forum

[newton0038]

Betmaster is ready to expand to over 2 more countries that represent about 57% of the world’s online sports betting. They have come up with a comprehensive plan to enable them to achieve their highly ambitious target. Members of the public who share the same vision as Betmaster are encouraged to invest in the company by buying tokens at Betmaster.

Invest in their tokens.....lol