I'm sure most of you are not surprised and this has actually been discussed is some forums here.
For those of you that don't know here it is.
How the scam works: When players sign up with BetUS through the Sportsbettingchamp.com website, BetUS identifies that player as a “Chase system” referral. When that player wants to make a play released by the tout, BetUS deals a unique, higher-priced line on that game for that specific player. It is similar to a grocery store changing price tags after they find out what you were sent to purchase.
For example, on March 23, 2009, the “Chase system” told the players to bet on the Los Angeles Clippers. BetUS and most books were offering a spread of +15 for this game. Most BetUS players, including those referred to BetUS through other professional handicapper websites received the fair line of +15. Players who were referred to BetUS from the Sportsbettingchamp's website were offered a line of +13.5.
Other recent examples of dealing inflated lines only to the tout’s subscribers include:
March 7, 2009: Golden State Warriors +6 (vs +8)
March 3, 2009: Toronto Raptors +6.5 (vs +8)
March 1, 2009: Toronto Raptors +4.5 (vs +6)
February 24, 2009: Charlotte Hornets +5.5 (vs +7)
In every case, the alternate line is only on games released by the tout, and always hurts the player following paying for the pick. The BetUs customer essentially pays much more than he or she realizes. BetUS’s tactic of moving the line against these players means that instead of charging the normal -110 for these wagers, BetUS is effectively charging these players -140 – FOUR TIMES the usual bookmaker commission.
Thursday, February 25, 2010
Sunday, February 21, 2010
Here we go again!
Federal ruling spells mixed results for online gambling
A federal judge has dismissed an attempt to overturn a ban on online betting brought by the Internet gambling industry, according to MSNBC.com.
However, the ruling also gave the group legal standing to challenge the law in an appellate court, the report said.
U.S. District Judge Mary L. Cooper in Trenton ruled that the Interactive Media Entertainment & Gaming Association had not shown sufficient cause to order her to block enforcement of the Unlawful Internet Gambling Enforcement Act, passed by Congress in 2006.
That law was passed to choke off Internet gambling profits by preventing the electronic processing of money for online wagers or payouts, such as credit card companies and PayPal accounts.
Enforcement of the law is currently under a six-month moritorium while lawmakers scramble to draft legislation that would legalize online gambling and add an estimated $1.2 billion in tax revenue to the federal coffers.
A federal judge has dismissed an attempt to overturn a ban on online betting brought by the Internet gambling industry, according to MSNBC.com.
However, the ruling also gave the group legal standing to challenge the law in an appellate court, the report said.
U.S. District Judge Mary L. Cooper in Trenton ruled that the Interactive Media Entertainment & Gaming Association had not shown sufficient cause to order her to block enforcement of the Unlawful Internet Gambling Enforcement Act, passed by Congress in 2006.
That law was passed to choke off Internet gambling profits by preventing the electronic processing of money for online wagers or payouts, such as credit card companies and PayPal accounts.
Enforcement of the law is currently under a six-month moritorium while lawmakers scramble to draft legislation that would legalize online gambling and add an estimated $1.2 billion in tax revenue to the federal coffers.
Thursday, February 11, 2010
ASI's Internet Sportsbook Ratings for 2010
The results are in. Here are the best and worst rated Internet Sportsbooks.
Top 10 Rated Sportsbooks from best to worst!
1.) Las Vegas ( It was obvious)
2.) BetEd.com (Had 26% of the voting)
3.) BetUs.com (Had 21% of the voting)
4.) Sports Interaction (Had 15% of the voting)
5.) Sportsbook.com (Had 10% of the voting)
6.) Logans (Had 8% of the voting)
7.) SBG Global (Had 8% of the voting)
8.) BetJamaica.com (Had 5 % of the voting)
9.) 5Dimes.com (Had 5 % of the voting)
10.) Bodog ( Had 2% of the voting)-(More negative email by far!)
Let us know what you think!!
Top 10 Rated Sportsbooks from best to worst!
1.) Las Vegas ( It was obvious)
2.) BetEd.com (Had 26% of the voting)
3.) BetUs.com (Had 21% of the voting)
4.) Sports Interaction (Had 15% of the voting)
5.) Sportsbook.com (Had 10% of the voting)
6.) Logans (Had 8% of the voting)
7.) SBG Global (Had 8% of the voting)
8.) BetJamaica.com (Had 5 % of the voting)
9.) 5Dimes.com (Had 5 % of the voting)
10.) Bodog ( Had 2% of the voting)-(More negative email by far!)
Let us know what you think!!
Sunday, February 7, 2010
How super is the Super Bowl this year?
When I was a kid I remember watching one of my first Super Bowl games with my Dad. It was the Raiders vs Vikings and it was incredible. I was a huge Raiders fan, Yes can you believe it, a Raiders fan! I loved watching Kenny Stabler, Dave Casper, Fred Biletnikoff, that's when football was football. You could actually tackle the QB without getting flagged. It wasn't about high priced contracts, it was for the love of the game the players bleed and sacrificed their bodies. It was a great time in NFL Football. It has been a long time, probably 15 years since I really have had an interest in the outcome of a Super Bowl Game (other then winning money!) I believe this year has meaning. I want to congratulate the New Orleans Saints, the Saints fans, and the Saints owner Tom Benson. There has never been another team or owner that has persevered more than the Saints or Mr. Benson? Mr. Benson had many opportunity's to pull a Robert Irsay (Baltimore Colts Owner) and leave New Orleans but didn't. He stayed through the loosing seasons and most impressively stayed through the turmoil and destruction of Hurricane Katrina. Has their ever been a better feeling about an NFL team? I'll be honest, I wasn't a huge Saints fan until now. It's a team that you want to win. It's a Team, Owner and City that deserves to win. It's a team that has given so much hope to the city on New Orleans and in return fans have given so much appreciation and thanks back to the team. I believe that most of America will be pulling for the Saints tonight, and why not, It makes us feel good to pull and cheer for them. So is this years Super Bowl super? I would have to say thanks to the Saints, yes!
Saturday, February 6, 2010
Sportsbooks, can they be trusted?
As sports wagering becomes bigger and bigger each month we all have been forced to use some type of offshore book to take our action. Most of us are not using the infamous bookie anymore (It's still illegal!), and unless you live in Las Vegas our choices are extremely limited to fulfill our fix. Lets face it, some states seem to be warming up to gambling and they realize it generates a tremendous amount tax money for their state. Possibly in the near future more states in this country will accept gambling. But what happened to the Sports Book? Sports wagering has been left behind. I really don't understand why Biloxi and Atlantic City have Casinos that offer table games and poker but no Sports Book. Does this make any sense? Until we have more states that offer Sports Wagering in their Casino's we will have to continue to go offshore to a small, and in most cases poverty stricken country to place our sports wagering. Does this scare anybody? I hear all kinds of story's of bounced checks and payouts never received from offshore clients daily, So, do we continue to trust offshore books, do we have a choice? Do you have a story? good or bad about a book you use or have used in the past. Do we honestly sleep good at night with our money in offshore wagering accounts? Give us your opinion!
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