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$45K Dispute Finally Settled between Oddsmaker.com and Player

Written by Michael Gordon   
Thursday, 17 May 2012 22:16

Oddsmaker DisputeBack in February 22nd of this year SBR had dropped a major bomb by reporting about one of the costliest disputes between a bettor and his sportsbook. It was announce that Oddsmaker had seized $45,000 from this player a little before January 2012. After going on a winning spree, Oddsmaker feared that they were facing a professional gambler and decided to confiscate the funds.

Everything started when the player attempted to cash out $8,000. He grew nervous about it when he read that in the past Oddsmaker.com had confiscated payouts of large sums of money. He became even more nervous when the company stalled his request and ended up only paying him half of what he requested. He received $4,000 through check.

Almost two months after the insecurities of this issue started, Tony Massina called the customer and accused him of being a professional gambler and also accused him of threatening to take legal action against Oddsmaker if they kept stalling the rest of the payment and holding back his funds.

Although he tried, the customer attempted to reason with Massina got nowhere. Instead they closed his account and informed him that he would not have access to his winnings that by that time had ascended to $45K.

When SBR questioned Massina, he released a statement saying, "I was going to ignore this but I will respond one time and one time only because I am a straight shooter. Customer lied. Customer responded to an email survey from us saying he was considering contacting lawyers to get his withdrawals faster. Nobody in the industry needs that. On top of the customer admitting to owning his own website and to being a professional bettor (he admitted to both), camels back was broken when he threatened to contact lawyers. Decision was not mine but I am aware of the case. Customer had $2000 refunded to him and got a check for $4000 as well. Have a good day."

In private communication with the customer, SBR advised him that Oddsmaker had taken this decision. Nevertheless, he kept persisting and was committed that he would bring the issue to justice. In an agreement that neither the player nor SBR published details on, he was paid a five figure amount to close the dispute.

The player did however release this statement: "Dear Lou, I wanted you to know that Oddsmaker did pay me a settlement that we agreed upon thanks to your efforts with the SBR and from the help I received from the OSGA. I will always be grateful for what you guys did to help out a total stranger. I am forever in debt to you guys so if I can ever do something back for you in return, please let me know!"

SBR will keep trying to reopen cases that Oddsmaker.com has left unsettled with many of its customers. It has been reported that $248,432 are adding up in confiscations this sportsbook, rated F- by SBR, has done and left customers with un-answered questions.

Last Updated on Friday, 29 August 2014 00:20
 
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