adkinsbet.com scam 0.555 BTC! help!

[mindrust]

I don't think you understand much about gambling, mindtrust mindrust. Gambling / betting is not called that for nothing. Arbitrage betting is a big deal for all betting sites. You can't stop that, because there are always players who find gaps in the odds. every day there are thousands of matches. it is impossible for a bookmaker to always receive all the information on time. there are plenty of situations where the bookmaker cancels bets. Arbitrage betting people run the risk of being busted. It is actually a variant of fixed odds. Bookmakers do not calculate their odds poorly, do you really think they set their own odds? Of course not. They get them from a provider.

I don't think you are a good reader, deathwings.

I never said I am a gambler but can you point out which part of my post is wrong?

I get that arbitrage betting is a big deal because this time no matter what the outcome is, one of these 3 casinos will lose instead of the player and that means a net negative for the gambling industry.

If most of your player base uses arbitrage betting sooner or later the money pool will dry out and the casinos will run out of money.

Amirite?

Why would the player care? he is there to make money just like the casinos. My question is, how do casinos identify the arbitrage bettors? There must be a shared information pool. If I had to guess, it is probably between those Curaçao license holders...

[wildan88]

I don't think you understand much about gambling, mindtrust mindrust. Gambling / betting is not called that for nothing. Arbitrage betting is a big deal for all betting sites. You can't stop that, because there are always players who find gaps in the odds. every day there are thousands of matches. it is impossible for a bookmaker to always receive all the information on time. there are plenty of situations where the bookmaker cancels bets. Arbitrage betting people run the risk of being busted. It is actually a variant of fixed odds. Bookmakers do not calculate their odds poorly, do you really think they set their own odds? Of course not. They get them from a provider.

I don't think you are a good reader, deathwings.

I never said I am a gambler but can you point out which part of my post is wrong?

I get that arbitrage betting is a big deal because this time no matter what the outcome is, one of these 3 casinos will lose instead of the player and that means a net negative for the gambling industry.

If most of your player base uses arbitrage betting sooner or later the money pool will dry out and the casinos will run out of money.

Amirite?

Why would the player care? he is there to make money just like the casinos. My question is, how do casinos identify the arbitrage bettors? There must be a shared information pool. If I had to guess, it is probably between those Curaçao license holders...

In general, your story is correct. The problem is that bookmakers don't all use the same API from the same provider. And every API provider does not have the same ratings. If information about an event arrives at api provider A earlier than at api provider B, this can have enormous consequences. Often those intervals are only minutes maximum. For professional arbitration, bettor enough time to strike.
And your statement that the casinos will empty over time is completely correct. That's why it's often stated in the terms and conditions that they reserve the right to cancel bets, including with retroactive effect. What you are not correct is that you write that the players are there to take money from the gambling site, just as a gambling site would from the players. This must be done according to the rules. If a player is only dealing with arbitrage bets, that is no longer a gamble. Gamblers win and gamblers lose. But in the world of arbitrage betting (sometimes called fixed odds) there are only winners in theory. I know that LEVSKI7 is actively working on this. He also has a lot of knowledge about this. I think a betting site cannot always detect such bets in advance. They will look at the volume bet on a match, and depending on the bookmaker they will have software for this that recognizes patterns of betting. As far as I have read, this is always about less known competition. You will not see this at Barcelona - Real Madrid. Arbitrage bettors naturally get angry if their bet is canceled, as they have placed a lose bet with other bookmakers. There is also another form of arbitrage betting, those are the 50-50% matches in which you place a odds of 50% (for example 1.90) while the actual value is around 1.60. Then you don't need another bookmaker and you will always make a profit in the long run.

[actmyname]

My question is, how do casinos identify the arbitrage bettors? There must be a shared information pool. If I had to guess, it is probably between those Curaçao license holders...

I'm going to assume honesty on the player's part with their email contents. The replies the casino has made are all along the lines of, "you may have done this, did you violate this," and it all reeks of hiding behind the ToS to exploit players.

One question regarding that game is whether there were any bettors on the losing side: did they get compensated with a voided bet because the odds they played weren't fair? It's interesting to let the casino have the authority to cancel a bet from a player due to their location: you live near the location of the event, therefore you might have known what was happening. Is it possible to see how a central entity could abuse that privilege? Something to think about.We have a direct confrontation, interestingly enough:

"We had more users who place suddenly all their liquidity on this match, as you did the same"
"If this was the case why I choose to take most of money in DNB and not regular? Why didn't I place more money on the game if [I had] 55 mBTC in my balance?"

-- This all implies that the user was presumably playing on many matches during that time... we'd have to get bet history but isn't it possible that this is merely someone that likes to bet on their local teams?

[AdkinsBET]

This contains the game: Ahi Acre - Ihud Bnei Shefaram
Odds for the away team that were available on our site and where oz.kashi placed bets on:
2.74
2.5
2.28

The odds were already dropping quickly as you can see. Please check the chart here under.
As you can see, the match odds for the away team dropped to 1.33 while the score was 0-0 at the time.
We are talking about a difference from his bets (2.74) until 1.33 after 1 minute of the game.

[mindrust]

This contains the game: Ahi Acre - Ihud Bnei Shefaram

Did you cancel this game for everybody or only the OP's bets because you think he is arbitting?

If you cancelled this game for everybody then I think it is fine, otherwise I dunno.

[actmyname]

This contains the game: Ahi Acre - Ihud Bnei Shefaram
Odds for the away team that were available on our site and where oz.kashi placed bets on:
2.74
2.5
2.28

The odds were already dropping quickly as you can see. Please check the chart here under.
As you can see, the match odds for the away team dropped to 1.33 while the score was 0-0 at the time.
We are talking about a difference from his bets (2.74) until 1.33 after 1 minute of the game.

Do you have more details on these three bets?

Perhaps there's something I'm not understanding, but it would seem ridiculous to admonish a user for having made a good decision in their risk management - when you place bets on a market with lower volume, they may affect the odds and if the odds shifted to such a degree then it would have been obvious for most people betting on the market that the away team was a good bet.

The interesting part is when you consider the implications - at what point is a player not allowed to make a favorable bet in their eyes?

[wildan88]

This is no longer a value bet. This is an error in the odds. It can have all kinds of reasons that the odds have dropped so hard. You usually see this when influential factors play a role. B team that shows up, for example.
The moment the information comes to the bookmaker, for sure the odds will be changed. But what if this information is already known to bettors and not to a bookmaker yet? Then we get circumstances like this. Or that 1 bookmaker has the correct information, and 10 minutes later the other one. Then you have a dark hole from 10 minutes where you can exploit it easily.
And that's the whole problem with that arbitrage betting thing. It is not illegal, but every bookmaker deals with it in their own way. Many bookmakers cancel the bet, some pay out and put a limit on the player.
And still others close the account. A value bet would be a bet of 2.10 which is normally 2.30. Not from 2.50 to 1.33
It is also best for arbitrage betters to just stay away from these kinds of matches, but apparently the temptation is too great to easily "earn" money quickly.
For me the most important is that Adkinsbet has proven that there are indeed arbitrage bets possible, and this is not only going on on their site.

[LEVSKI7]

It is clear that adkinsbet is a scammer and he proves it all the time. This is a normal drop at odds and many people only play at cashout. Soon there was a drop at odds from 9 to 1.05 and it gave 95 percent cashout and many people smeared thickly.cancellation of bets is equivalent to a lost license and a fine

[spyrosc200]

And still others close the account. A value bet would be a bet of 2.10 which is normally 2.30. Not from 2.50 to 1.33

You seem an experience bettor, yet you keep posting such nonsense statements

Take this game for example:

https://www.betexplorer.com/handball/world/world-championship/tunisia-poland/tYhw2YuP/

Poland odds drop from 3.10 to 1.60.

Am i a cheater cause i bet on Poland at 3.10? No.

Am i an arbitrage bettor cause i bet on Poland at 3.10? No.

Am i expecting to get paid if Poland wins? Yes.

Will i get paid? Sure.

Tunisia kept best players at home. Were bookmakers aware? I don't know and it is not my business to know.

Bookmakers set the odds, according to my rating odds represented value and i took the bet.

Where is the problem?

[BitcoinAccepted]

And still others close the account. A value bet would be a bet of 2.10 which is normally 2.30. Not from 2.50 to 1.33

You seem an experience bettor, yet you keep posting such nonsense statements

Take this game for example:

https://www.betexplorer.com/handball/world/world-championship/tunisia-poland/tYhw2YuP/

Poland odds drop from 3.10 to 1.60.

Am i a cheater cause i bet on Poland at 3.10? No.

Am i an arbitrage bettor cause i bet on Poland at 3.10? No.

Am i expecting to get paid if Poland wins? Yes.

Will i get paid? Sure.

Tunisia kept best players at home. Were bookmakers aware? I don't know and it is not my business to know.

Bookmakers set the odds, according to my rating odds represented value and i took the bet.

Where is the problem?

If there's anyone posting nonsense, it's you Spyros. Bookmakers do not determine these odds themselves.

These are automatically loaded by an API provider or Igaming provider.

I advise you to read some more information first before you try to make your opinion count.

If you really think that every bookmaker set their own odds, then you have still a lot of stuff to read before you try to understand something.

[sempak]

And still others close the account. A value bet would be a bet of 2.10 which is normally 2.30. Not from 2.50 to 1.33

You seem an experience bettor, yet you keep posting such nonsense statements

Take this game for example:

https://www.betexplorer.com/handball/world/world-championship/tunisia-poland/tYhw2YuP/

Poland odds drop from 3.10 to 1.60.

Am i a cheater cause i bet on Poland at 3.10? No.

Am i an arbitrage bettor cause i bet on Poland at 3.10? No.

Am i expecting to get paid if Poland wins? Yes.

Will i get paid? Sure.

Tunisia kept best players at home. Were bookmakers aware? I don't know and it is not my business to know.

Bookmakers set the odds, according to my rating odds represented value and i took the bet.

Where is the problem?

Am i an arbitrage bettor cause i bet on Poland at 3.10? No.
The answer is yes actually.

Am i expecting to get paid if Poland wins? Yes.
yes you are expecting to get paid because you do not have any knowledge about it.
The truth is that bookmaker reserve the right to void these kind of bets.

Will i get paid? Sure.
LOOOOOOOOOOOOOL

[spyrosc200]

And still others close the account. A value bet would be a bet of 2.10 which is normally 2.30. Not from 2.50 to 1.33

You seem an experience bettor, yet you keep posting such nonsense statements

Take this game for example:

https://www.betexplorer.com/handball/world/world-championship/tunisia-poland/tYhw2YuP/

Poland odds drop from 3.10 to 1.60.

Am i a cheater cause i bet on Poland at 3.10? No.

Am i an arbitrage bettor cause i bet on Poland at 3.10? No.

Am i expecting to get paid if Poland wins? Yes.

Will i get paid? Sure.

Tunisia kept best players at home. Were bookmakers aware? I don't know and it is not my business to know.

Bookmakers set the odds, according to my rating odds represented value and i took the bet.

Where is the problem?

Am i an arbitrage bettor cause i bet on Poland at 3.10? No.
The answer is yes actually.

Am i expecting to get paid if Poland wins? Yes.
yes you are expecting to get paid because you do not have any knowledge about it.
The truth is that bookmaker reserve the right to void these kind of bets.

Will i get paid? Sure.
LOOOOOOOOOOOOOL

Ahahahaha.

Ok i am done.

Bookies have absolute no reason to void this bet and they will not.

In fact, i always bet on such games and fortjunejack, betcoin, stake, sportbet, playbetr, gamdom, all honor those bets!

Why? Cause they are fair!

Who will void such bets? Only the scammers!

P.S Calling me an arbitrage bettor cause i bet on value, it is the clueless statement ever! Back to basics!

P.S 2. If your bookie voids those fair bets, change them asap. Sooner or later they will scam you!

[actmyname]

Am i an arbitrage bettor cause i bet on Poland at 3.10? No.
The answer is yes actually.

Am i expecting to get paid if Poland wins? Yes.
yes you are expecting to get paid because you do not have any knowledge about it.
The truth is that bookmaker reserve the right to void these kind of bets.

Will i get paid? Sure.
LOOOOOOOOOOOOOL

Here's a thought experiment.

Instead of having the odds drop from 3.10 to 1.60, what happens to your answers if the number changes from 3.00 to 1.60?
What about 2.90?

At what point would you say that the gamblers have submitted valid bets? What's the arbitrary threshold and where's the logic behind the reason for those numbers?

[coin.princess]

And still others close the account. A value bet would be a bet of 2.10 which is normally 2.30. Not from 2.50 to 1.33

You seem an experience bettor, yet you keep posting such nonsense statements

Take this game for example:

https://www.betexplorer.com/handball/world/world-championship/tunisia-poland/tYhw2YuP/

Poland odds drop from 3.10 to 1.60.

Am i a cheater cause i bet on Poland at 3.10? No.

Am i an arbitrage bettor cause i bet on Poland at 3.10? No.

Am i expecting to get paid if Poland wins? Yes.

Will i get paid? Sure.

Tunisia kept best players at home. Were bookmakers aware? I don't know and it is not my business to know.

Bookmakers set the odds, according to my rating odds represented value and i took the bet.

Where is the problem?

Am i an arbitrage bettor cause i bet on Poland at 3.10? No.
The answer is yes actually.

Am i expecting to get paid if Poland wins? Yes.
yes you are expecting to get paid because you do not have any knowledge about it.
The truth is that bookmaker reserve the right to void these kind of bets.

Will i get paid? Sure.
LOOOOOOOOOOOOOL

Ahahahaha.

Ok i am done.

Bookies have absolute no reason to void this bet and they will not.

In fact, i always bet on such games and fortjunejack, betcoin, stake, sportbet, playbetr, gamdom, all honor those bets!

Why? Cause they are fair!

Who will void such bets? Only the scammers!

P.S Calling me an arbitrage bettor cause i bet on value, it is the clueless statement ever! Back to basics!

Maybe it is time to stop making your self ridiculous. Your honest bookmaker Fortunejack recently voided a bet because it was also to high. I thought it dropped from 2.7 to 1.7 and they voided the bet.
Ho hang on a second, I thought you wrote "fortjunejack, betcoin, stake, sportbet, playbetr, gamdom, all honor those bets!"

Then it is of course a big coincidence that Fortunejack most recently did not honor this bet  

[Cacingkemi]

P.S Calling me an arbitrage bettor cause i bet on value, it is the clueless statement ever! Back to basics!

I think you have to learn what the difference is between a value bet and a sure bet. They call this also fixed betting.
Your example about the Tunesian time is not a value bet, it is a sure bet.
Value bets are slightly increased odds where you have s mall margin.

[spyrosc200]

Fortunejack voided the bet due to palp/error odds, not because value betting! Spot the difference!

P.S Don't try to spot the difference. You will not cause simply you don;t want to 

[spyrosc200]

P.S Calling me an arbitrage bettor cause i bet on value, it is the clueless statement ever! Back to basics!

I think you have to learn what the difference is between a value bet and a sure bet. They call this also fixed betting.
Your example about the Tunesian time is not a value bet, it is a sure bet.
Value bets are slightly increased odds where you have s mall margin.

So my bet in Tunesia is sure bet??? Why?? Who told you that i cover the bet elsewere?

In fact, what is the point of covering this good bet? To pay twice the margin in 2 bookies instead of one?

Bookies invented cash out not becouse they liked you but to make you loose your balance easier lol

[spyrosc200]

To the point, OP should get paid in every penny!

[coin.princess]

Fortunejack voided the bet due to palp/error odds, not because value betting! Spot the difference!

P.S Don't try to spot the difference. You will not cause simply you don;t want to  

That is the same story. You can put a lot of things off under palp / error. That doesn't even have to be a typ error. that is purely about quotations that are not correct, and that can be justified. For whatever the reason may be. underlying thought does not matter. I think you really don't know what a value bet is, but it doesn't matter. I also didn't expect someone trying to scam gambling sites to get free money. Odds that are not correct for whatever reason, you can always blame bad views or technical views that are not good. If a bet is offered for 1.6 when the actual value should actually be around 3.2, then it also falls into this category. You may be lucky that bookmakers can pass a bet, but there are plenty of bookmakers who cancel it. It reads that you are not someone who gambles, but you are a pure arbitrage bettor, looking for holes in websites because they temporarily offer the wrong odds for a few minutes. I am just curious how you get that information. Let me guess, you're friends with LEVSKI7

[BTCGOLD]

All these posts have no positive value whatsoever. People have expressed their views clearly.
Now let's wait for news from Adkinsbet or the Op.