Well... it's finally happened, I got got by an offshore bookie. @BovadaOfficial permanently shut my account down and confiscated 30.5k from me. Went to withdraw 2.5k, they asked for ID (which I provided), and shortly afterward they permanently banned my account and forfeited my remaining $28k balance.
Why? They say I've provided invalid information, and engaged in criminal and fraudulent activity.
I've repeatedly asked Bovada to identify the specific activity they're alleging was fraudulent or criminal, or provide any evidence supporting their decision.
Instead, I've gotten generic responses citing Terms of Service, followed by complete silence from them.
I made all my money live betting publicly available boxing and MMA lines. That's it. Over time, my betting limits went from $500 to $250 to $100 and to $5. That's when I decided to take my business elsewhere.
Still trying to get my money back, but I wanted to share this as a warning:
Don't leave large balances sitting in offshore sportsbooks. Until that money hits your bank account, its not yours (no shit).
Oh, and if anyone knows a good lawyer who handles disputes with offshore sportsbooks, shoot me a DM. @SBRReview@Covers
Well... it's finally happened, I got got by an offshore bookie. @BovadaOfficial permanently shut my account down and confiscated 30.5k from me. Went to withdraw 2.5k, they asked for ID (which I provided), and shortly afterward they permanently banned my account and forfeited my remaining $28k balance.
Why? They say I've provided invalid information, and engaged in criminal and fraudulent activity.
I've repeatedly asked Bovada to identify the specific activity they're alleging was fraudulent or criminal, or provide any evidence supporting their decision.
Instead, I've gotten generic responses citing Terms of Service, followed by complete silence from them.
I made all my money live betting publicly available boxing and MMA lines. That's it. Over time, my betting limits went from $500 to $250 to $100 and to $5. That's when I decided to take my business elsewhere.
Still trying to get my money back, but I wanted to share this as a warning:
Don't leave large balances sitting in offshore sportsbooks. Until that money hits your bank account, its not yours (no shit).
Oh, and if anyone knows a good lawyer who handles disputes with offshore sportsbooks, shoot me a DM. @SBRReview@Covers
@BostonSports03@ToddWitteles@HoopDreams444 I've been betting + capping boxing and MMA for a decade, I don't need to bet on concluded matches. Sports betting is a skill, people who are bad at it can't wrap their minds around those who can do it for a living. My guess is Todd belongs to the former.
@bryanlayton531@Trumpwillwin2@Dongs2n@BovadaOfficial I’d sent ID previously and cashed out no problem. They asked for ID again, probably 3-4 years later, after I requested a $2500 withdrawal instead of my usual $5-600
$2500 is the max eth withdrawal on bovada. Yes, they didn’t like my live betting. It’s not fraud or criminal to live bet. Not an argument. As a “gambling industry expert” what exactly is “something sneaky”. I didn’t courtside or use a Kalshi exploit or w/e the hell you were saying.
Yes, keeping 30k was irresponsible, but the only shady party is the company that can take your money, duck your emails, and give you zero explanation or evidence.
@bigez952@ToddWitteles To be clear, once I got limited to $5 I stopped betting and tried to withdraw. The limits from $200 to $100 happened pretty quickly, but yes I shouldn’t have left so much money there. Yes, it was irresponsible.