Sportsbet.io rating and review.
Opened: 2016
License: Curacao 1668/JAZ sub-license.
Currencies: Crypto and Fiat.
Banned countries: USA, UK, Australia, Estonia, Netherlands, Belgium, France, Germany, Afghanistan, Korea, Iran, Iraq, Myanmar, Trinidad and Tobago, Yemen.
Sportsbet is a big book with sponsorships of major soccer clubs. There are many betting options both pregame and live. Sportsbet is very popular here at bitcointalk.
The betting margins at Sportsbet are high. You won't find the best line on either side. There have been many complaints against Sportsbet but that comes with the territory of any good sized sportsbook. Most of the time that comes from disgruntled players but there may have been times where Sportsbet was incorrect. Many complaints have been posted where it was a he said, she said situation. A sportsbook needs to have solid proof of any infractions claimed. There are times when Sportsbet has provided no proof which makes it difficult to determine right or wrong. Sportsbet has confiscated both deposits and winnings. At other times they have just confiscated deposits. KYC has been asked for before these confiscations. Playing from a banned country will lead to a confiscation.
There are some other worrisome things concerning Sportsbet. It's a normal practice to require a one time rollover on deposits but Sportsbet has a rule of a 5x rollover if they suspect money laundering. If an account is inactive for 3 months, Sportsbet will send out a letter informing the player. One month after the letter, Sportsbet can charge a fee of 15% per month fee for administrative costs. In one section it states that Sportsbet may confiscate the balance after 180 days of inactivity. In another section it states one year. I don't know if the rules above have been invoked.
For the purposes of ratings, "A" and "B" books are recommended. There normally isn't any problems playing at a "C" book. "D" and "F" books should be avoided at all costs.
Sportsbet opens with a rating of "C".
Do you have any knowledge of in what situations sportsbet ask for KYC. Is there purely a withdrawal threshold where they ask for KYC, and if so, what is that?
Show Posts
