OLE7.IO scammed me 11700 USD in bitcoins without reasoning!

[John Abraham]

Since I'm not a part of the casino, I can't make sure if you're using multi accounts or work with other groups, after all you did a mistake.

The casino representative is already here. Op responded and confirmed the username to him. I believe the casino representative saw that post too. Let's see what their representative comes with. I am not a sports betting fan, and I have no idea what arbitrage trading is. I shouldn't comment on this matter since I don't understand how it works. But, If OP had multiple accounts and they have proof. I don't see any problem here. Let's see what they have to say.

[spyrosc200]

Since I'm not a part of the casino, I can't make sure if you're using multi accounts or work with other groups, after all you did a mistake.

The casino representative is already here. Op responded and confirmed the username to him. I believe the casino representative saw that post too. Let's see what their representative comes with. I am not a sports betting fan, and I have no idea what arbitrage trading is. I shouldn't comment on this matter since I don't understand how it works. But, If OP had multiple accounts and they have proof. I don't see any problem here. Let's see what they have to say.

Can guarantee you i don't have multiple accounts and they can't have such proofs.

In reality, having multiple accounts with asian agents makes no sense. The reason is that odds change after 1 bet. So next user will take lower odds. But the first user can repeat the bet for the same event with lower odds as the second user so ''multiaccounts'' in asia doesn't make any sense.

Someone can say that you can make multiaccounts to take the 200USDT welcome bonus they offer. Hey, i haven't took any bonus. I never take bonuses in general as they are a headache when you withdraw due to rollover requirements and i want piece of mind.

[Poika5]

Besides, Ole7.io is not a bookmaker itself but an agent. A bettor don't place bets against Ole7.io, they place bets via Pinnacle/IM Markets. Ole7.io give you access to 2 thirdparty bookmakers. So it is Pinnacle/IM Markets who settle the bets, not Ole7.io. Pinnacle/IM settle my bets fine without issues. Ole7.io, instead of pay my winnings they confiscated my balance.  

It is even stated in their terms that they are not a bookmaker but an intermediate:

''We provide betting intermediary services only and the Platform gives you access on an aggregated basis to sportsbooks operated by certain third party betting operators (“Bookmakers”). Each and every betting transaction (“Bet”) is between you and the Bookmakers only and the OLE Group is not, and will not, under any circumstances be a party to those Bets. The OLE Group does not act as, or hold itself out as, a bookmaker or betting operator.

If OLE7.io is a broker/agent then they shouldn't care about arbitrage betting at all. The betting brokers are not interested in the outcome of the event, they benefit solely from betting volumes. In this regard, brokers are loyal to arbitragers, because they often make big bets.
+ Pinnacle doesn't care about arbers anyway.


I supported your flag:
https://bitcointalk.org/index.php?action=trust;u=3518507;page=iflags

[Pmalek]

IM markets offered by Ole7.io allows you to place bets double the size of the original bet limits.

So when a bet has a limit of 22.04mbtc, you are free to bet a total of double that stake limit, hence i am allowed to bet 44.07,mbtc. They are the one who set the limits, not me. In no way i bet more that i was allowed.

I have no experience with Asian bookies and Asian agents, so I am a complete newbie in that regard. But if you say that you are allowed to bet double what the betting limits are, can you back that up with information provided in the Terms and Conditions of Ole7.io where they say that?

Same question to the Ole7.io forum representative: If the player is not allowed to bypass betting limits the way spyrosc200 explained it, is that clearly explained in your TOS? And is that the reason why the funds were seized?

[spyrosc200]

Besides, Ole7.io is not a bookmaker itself but an agent. A bettor don't place bets against Ole7.io, they place bets via Pinnacle/IM Markets. Ole7.io give you access to 2 thirdparty bookmakers. So it is Pinnacle/IM Markets who settle the bets, not Ole7.io. Pinnacle/IM settle my bets fine without issues. Ole7.io, instead of pay my winnings they confiscated my balance.  

It is even stated in their terms that they are not a bookmaker but an intermediate:

''We provide betting intermediary services only and the Platform gives you access on an aggregated basis to sportsbooks operated by certain third party betting operators (“Bookmakers”). Each and every betting transaction (“Bet”) is between you and the Bookmakers only and the OLE Group is not, and will not, under any circumstances be a party to those Bets. The OLE Group does not act as, or hold itself out as, a bookmaker or betting operator.

If OLE7.io is a broker/agent then they shouldn't care about arbitrage betting at all. The betting brokers are not interested in the outcome of the event, they benefit solely from betting volumes. In this regard, brokers are loyal to arbitragers, because they often make big bets.
+ Pinnacle doesn't care about arbers anyway.


I supported your flag:
https://bitcointalk.org/index.php?action=trust;u=3518507;page=iflags

Thanks for your support, hope more members will read the whole story and support my red flag further.

[goldkingcoiner]

IM markets offered by Ole7.io allows you to place bets double the size of the original bet limits.

So when a bet has a limit of 22.04mbtc, you are free to bet a total of double that stake limit, hence i am allowed to bet 44.07,mbtc. They are the one who set the limits, not me. In no way i bet more that i was allowed.

I have no experience with Asian bookies and Asian agents, so I am a complete newbie in that regard. But if you say that you are allowed to bet double what the betting limits are, can you back that up with information provided in the Terms and Conditions of Ole7.io where they say that?

Same question to the Ole7.io forum representative: If the player is not allowed to bypass betting limits the way spyrosc200 explained it, is that clearly explained in your TOS? And is that the reason why the funds were seized?

I think that not only is the terms of service of the casino in question of importance in this matter, but also the casinos regulational status and location. Same goes for the player as well. If the player lives in a country with certain rules and restrictions, thats not something you will find in the terms of service of the online gambling casino but rather they should look at the laws of their government. Thats the players responsibility.

Although if gambling is outright banned in their country, the gambling casino will not even allow them to play on their platform in the first place.

I have not yet seen any evidence provided by the accuser that this matter is the casinos fault, but since the casino is accusing the player of multi-accounting or illegal practices, they should be able to provide proof. I agree on this.

Also, them not being able to even spell forfeited is a sign of unprofessionality. Red flag.

[John Abraham]

Same question to the Ole7.io forum representative: If the player is not allowed to bypass betting limits the way spyrosc200 explained it, is that clearly explained in your TOS? And is that the reason why the funds were seized?

It's been over 24 Hours since The casino representative asked for the username of OP, and he promised to come back with an update. Still no answer or explanation from them about this case. There is another scam accusation against this casino, and the case is similar. If a casino doesn't allow placing double bets on the exact match, Why they kept it open for players to make multiple bets? This is a door for shady casinos to confiscate winnings and freeze user balances.

[spyrosc200]

Same question to the Ole7.io forum representative: If the player is not allowed to bypass betting limits the way spyrosc200 explained it, is that clearly explained in your TOS? And is that the reason why the funds were seized?

It's been over 24 Hours since The casino representative asked for the username of OP, and he promised to come back with an update. Still no answer or explanation from them about this case. There is another scam accusation against this casino, and the case is similar. If a casino doesn't allow placing double bets on the exact match, Why they kept it open for players to make multiple bets? This is a door for shady casinos to confiscate winnings and freeze user balances.

Double bets are not an issue mate.

Ole7.io is not the one who grades the bets as those are graded from the bookmakers provided via Ole7.io.

Ole7.io are only an intermediary between you and the sportsbooks provided via them. Ole7.io make money by taking commission based on your volume of bets and they are only responsible for your deposits and withdrawals only. This is how the system works with asian style betting brokers. In general, the more volume you make with Ole7.io, the more commission they take from the sportsbooks.

As you can see in the screenshots above, all my bets  were settle and paid fine from sportsbooks provided via Ole7.io, as they were all completely normal and fair bets.

That means that Ole7.io got paid my winnings from those sportsbooks but instead of pay my legitimate winnings, they confiscated them.

To summarize, they have absolutely no ground to confiscate my 12000 USD.

[Pmalek]

I had a quick look at their Terms and Conditions and there is indeed no mention of any betting limits or placing multiple bets on the same events. The user is, therefore, allowed to do that as much as they want.
 
They do talk about not allowing wagers on fixed matches (obviously) and state the following:

i) to manipulate a market in a way that is linked to a sports event that is played to a completely or partially pre-determined result (i.e. use relating to match-fixing);

But I don't think that's what is happening here.

The other point wort mentioning says:

We may, under any circumstances and without prior notice, immediately terminate access to this website by you or such other users at any time at our sole discretion.

https://ole7.io/en/#/account/Terms

Nevertheless, they can't simply use that as an excuse to steal money from their customers. @OLE777Official what is going on here?

[khaled0111]

If the casino sets a limit on how much you can bet on an event, then, logically, you are not supposed to place another bet on the same event. If the odds decrease, as in this case, then this is a different matter and the player can place a second bet.
If the casino doesn't want this to happen then they should state it clearly on their ToS or simply add a feature to prevent users from placing multiple bets on the same event.

[John Abraham]

If the casino sets a limit on how much you can bet on an event, then, logically, you are not supposed to place another bet on the same event. If the odds decrease, as in this case, then this is a different matter and the player can place a second bet.
If the casino doesn't want this to happen then they should state it clearly on their ToS or simply add a feature to prevent users from placing multiple bets on the same event.

I agree with you. If a casino does not allow double bets, they can put restrictions on the website. When players will go to place bets, A simple pop-up notification will say you already placed the bet in this event/match. This is not too hard. They kept it open due to shady things. It's been over 48 Hours now and there is no update from the casino representative. Let's see what they come up with even though I believe they don't care about reputation too much.

[spyrosc200]

Guys, placing multiple bets in asia isn't an issue.

These are my today's bets placed with another fair agent

https://imgur.com/a/bwu64JR

As you can see, i placed 4 times the same bet, Dallas -0.25 line, half time bet, 2 times other bets etc

Can assure you that all those bets will be graded  accordingly without any issues. Most have already graded btw without issues. Anyone who use asian style agents can confirm my words.

What happened with Ole7.io is obvious and documented.

Have asked for a withdrawal of 0.25 BTC which was rejected. The next moment i asked their live chat what is the reason for the rejection. A minute after they said that ''hey, we reviewed your account we find compliance issues blah blah blah''. They only needed 1 minute to review a six month old account with hundreds, if not thousand of bets!

Check it yourself:  https://imgur.com/a/Rke0v12

How on earth they were able to review my account and find compliance issues the same moment i asked for a withdrawal? They didn't even stall the withdrawal for 1-2 days and pretend they were reviewing my account.

Wish i am wrong but it doesn't seem they care about their reputation. Their official representative is well aware of this topic, and yet there is no sign of him for more than 3 days. Signs are not good obviously.

[Mahdirakib]

I think that you were already aware of this, or perhaps this comment has slipped your memory: ~~

I'm aware of my post, but I had forgotten that where I found the license information when I made the post. They are still showing the "OLE Group International B.V." name in their terms page. Based on your given evidence, I had provided the information during then by watching it at the bottom of the website.

Wish i am wrong but it doesn't seem they care about their reputation. Their official representative is well aware of this topic, and yet there is no sign of him for more than 3 days. Signs are not good obviously.

Most probably Ole7.io bitcointalk representative isn't a part of the main team of Ole7 casino. He/she has very limited access to the casino/bookie. He/she is only forwarding the information to the casino team and waiting for their response to give an update here. I will support your flag if 'OLE777Official' can't provide any proof against you in their next post.

[spyrosc200]

Seems that Ole7.io are not willing to cooperate.

I am copying their representative response in their main thread:

https://bitcointalk.org/index.php?topic=5422931.msg61740258#msg61740258

''Lastly for spyrosc200

"If you really want to help, please don't come back with general statements for arbitrage betting and/or syndicate betting and all that stuff that you know in advance that they are just lies and joke explanations."

Sadly they won't disclose further information but I am still working on convincing them about it, but yes. Your account was labelled under arbitrage/syndicate betting.''

Obviously those are joke accusations. They are free to post my full betting history for anyone to see and check themselves if my bets are arbitrage.

Regarding syndicate betting, i can only laugh reading such bullshits. I even doubt they have another customer from the small country i live.

Ole7.io took my 12000 USD and all they only said: ''Hey, we took your money but we can't give you more information, you fall under arbing/syndicate betting!''

[John Abraham]

OP, it's enough for them to respond here and explain what they doing. But, I don't think they care about this case anymore since they are not replying anymore. Would you mind knocking them via PM and asking them if they want to write back or not? If they don't respond to your PM as well, you may ask DT members to read your case and support your flag as well. I am not a DT member and my support won't count here. I believe they have something shady behind their business. Otherwise, they would at least come with a statement.

[dimonstration]

Seems that Ole7.io are not willing to cooperate.

I am copying their representative response in their main thread:

https://bitcointalk.org/index.php?topic=5422931.msg61740258#msg61740258

''Lastly for spyrosc200

"If you really want to help, please don't come back with general statements for arbitrage betting and/or syndicate betting and all that stuff that you know in advance that they are just lies and joke explanations."

Sadly they won't disclose further information but I am still working on convincing them about it, but yes. Your account was labelled under arbitrage/syndicate betting.''

Obviously those are joke accusations. They are free to post my full betting history for anyone to see and check themselves if my bets are arbitrage.

Regarding syndicate betting, i can only laugh reading such bullshits. I even doubt they have another customer from the small country i live.

Ole7.io took my 12000 USD and all they only said: ''Hey, we took your money but we can't give you more information, you fall under arbing/syndicate betting!''

What’s your winning percentage on your account? Some casino only rely on the winning percentage to accused you of being part of gambling syndicate or arbs especially if you are showing an irregular bet such as multiple bet on same pick. It just show how sure you are that the match you are betting will gonna win and this kind of behavior always subject for investigation for match fixing casino has no way to give a solid proof to caught gambling syndicate.

Forfeiting all your balance is a bad move since they should just refund you your deposit and allow you to withdraw. Sadly their ToS surely has a statement that they are allowed to restrict your account without further explanation and probably they are using that against you. The only way we can do here is taint their forum account a negative feedback until they provide a solid evidence for their accusation against you.

[spyrosc200]

Seems that Ole7.io are not willing to cooperate.

I am copying their representative response in their main thread:

https://bitcointalk.org/index.php?topic=5422931.msg61740258#msg61740258

''Lastly for spyrosc200

"If you really want to help, please don't come back with general statements for arbitrage betting and/or syndicate betting and all that stuff that you know in advance that they are just lies and joke explanations."

Sadly they won't disclose further information but I am still working on convincing them about it, but yes. Your account was labelled under arbitrage/syndicate betting.''

Obviously those are joke accusations. They are free to post my full betting history for anyone to see and check themselves if my bets are arbitrage.

Regarding syndicate betting, i can only laugh reading such bullshits. I even doubt they have another customer from the small country i live.

Ole7.io took my 12000 USD and all they only said: ''Hey, we took your money but we can't give you more information, you fall under arbing/syndicate betting!''

What’s your winning percentage on your account? Some casino only rely on the winning percentage to accused you of being part of gambling syndicate or arbs especially if you are showing an irregular bet such as multiple bet on same pick. It just show how sure you are that the match you are betting will gonna win and this kind of behavior always subject for investigation for match fixing casino has no way to give a solid proof to caught gambling syndicate.

Forfeiting all your balance is a bad move since they should just refund you your deposit and allow you to withdraw. Sadly their ToS surely has a statement that they are allowed to restrict your account without further explanation and probably they are using that against you. The only way we can do here is taint their forum account a negative feedback until they provide a solid evidence for their accusation against you.

No idea about winning percentage mate. I believe around 10-15% yield overall. Was betting normally for many months with plenty of deposits and withdrawals.

Regarding their ToS, it is true that they can restrict an account without further explanation. Many sportsbook do this. Yet, they pay your balance first before kicking you. In fact majority of books kicks you if you win or you bet more than they can handle etc. But, legit sportsbooks pay you first and then they limit you etc.

In any case, i just wrote in their main page that my scam accusation thread is waiting their response. Lets see. Unfortunately 12000 USD are a lot of money and can't simply pretend that nothing happened and move on.

[Saisher]

Regarding their ToS, it is true that they can restrict an account without further explanation. Many sportsbook do this. Yet, they pay your balance first before kicking you. In fact majority of books kicks you if you win or you bet more than they can handle etc. But, legit sportsbooks pay you first and then they limit you etc.

In any case, i just wrote in their main page that my scam accusation thread is waiting their response. Lets see. Unfortunately 12000 USD are a lot of money and can't simply pretend that nothing happened and move on.

$12000 will end their business here in Bitcointalk and hopefully, other review sites will cache or index your accusation here if they cannot show proof that you are guilty of what they charge you with, they cannot go on with their business with an open accusation that amounts to $12000 like what referees are saying in boxing matches you need to show something, you need to prove that you are right in your allegation and denial of withdrawals.

[Stalker22]

Something fishy is going on with this casino site!

They are lying and concealing the fact that they are operated by the OLE Group. Their representative on is making a ridiculous claims that even their customer support doesn't have insight into the information about why the player was flagged. But I am certain that they have access to the player's entire betting history and can show it publicly if they truly want to be transparent. I will support the flag against OLE777Official if they continue to REFUSE TO SHOW ANY EVIDENCE from their side.

[torkens]

Something fishy is going on with this casino site!

They are lying and concealing the fact that they are operated by the OLE Group. Their representative on is making a ridiculous claims that even their customer support doesn't have insight into the information about why the player was flagged. But I am certain that they have access to the player's entire betting history and can show it publicly if they truly want to be transparent. I will support the flag against OLE777Official if they continue to REFUSE TO SHOW ANY EVIDENCE from their side.

they are just scammer

same story with me they forefitted my balance of 600usdt. reasoning Multiaccounting and arbitrage betting, i didnt do any of those thing first account and play 100 usdt per bet. But when i want to withdraw second time part of funds got blocked and forefitted my balance as they called it