It’s honestly wild how many new betting sites are launching with terms that explicitly ban arbitrage or value betting.
A few recent examples include Betpanda, Winna, and XYES, with Betpanda being the worst offender especially given how heavily it’s promoted by users on this site.
These rules make absolutely no sense and exist solely to take even more money from customers, on top of what most already lose playing casino games.
Unfortunately, there seems to be a general lack of understanding about sports betting in scam accusation discussions, which is why these sites aren’t getting the pushback they deserve for such predatory terms.
Around 90% of these platforms use Betby as their sportsbook provider. Betby is known for labeling and limiting sharp or consistently winning players.
But to be clear, Betby themselves do not instruct operators to confiscate funds. I know this firsthand from someone who works there.
Arbitrage BettingArbitrage betting (arbing) involves placing bets on different odds across multiple sportsbooks to guarantee a profit, regardless of the outcome of the match.
To do this, you need at least two completely separate sets of lines (oddsets). In other words, you can’t arbitrage bet using just one or even two Betby sportsbooks.
This is something I even had to explain to the user holydarkness, who didn’t seem to understand how arbitrage works.
Moreover, a sportsbook has no visibility into the other side of your arbitrage position.
What’s actually happening is that Betby flags players as “value bettors” or “sharps” and the sportsbooks are misusing the term arbitrage to justify restrictions and confiscations.
Value Betting - the Real IssueValue betting means placing bets that, over the long term, have a positive expected return. You’re simply identifying situations where the sportsbook’s odds don’t accurately reflect the true probability of an outcome, which should be the entire point of sports betting: to win money from the bets you're placing.
Yet on some of these sites, value betting is treated as a violation, and plently of players have had their funds confiscated as a result.
So if you believe you have a better read on an NBA or football game than platforms like Winna or Betpanda, it’s best to avoid betting there altogether.
Think about how absurd this is:
If you lose, they’ll happily keep taking your money.
If you win, they’ll accuse you of breaking the rules and take your money anyway.
There’s simply no way to win in that setup.
The SolutionThe only real protection you have is reading the site’s Terms of Service before depositing.
If you see anything about banning arbitrage or value betting, treat that site like the plague and stay far away.
Here are some quotes from the sites themselves, confiscating balances:
Hey, you already got an explanation regarding your case by the support team.
Our sports fraud team flagged your account for abusing odds in an unfair manner ("value betting") which violates our Terms of Service. This is a common practice and policy on every major sportsbook provider.
You were informed about the decision and your account got locked because of that.
Best,
Bennett
We regret that your account was flagged by our odds provider as engaging in value betting behavior. In accordance with our Terms of Service, your account has been permanently closed following a thorough review.
Please be reminded that value betting and other forms of arbitrage are strictly prohibited on XYES.com. We urge all users to carefully read and understand our Terms and Conditions prior to opening an account to avoid any misunderstandings or disputes.
Thank you for your attention.
Hello,
Apologies for the delayed reply and the inactivity of our Support in replying to your case.
However, the details I can provide you with are as follows:
The clause of our Terms & Conditions which was breached is the following one:
5. ANTI-FRAUD POLICY
In the interests of fair play, it is not permitted to utilise or deploy any novel or recognised betting techniques while using our services which are designed to circumvent the standard house edge in our casino games nor the sportsbook. Should we detect that You have engaged in any activity of this nature, we may immediately suspend, terminate or restrict access to Your Account and/or retain any funds on the account.
Our Sportsbook provider Betby carries out the investigation and gives us general information of the outcome, so I can only share with you the information which they provide us. They informed that they detected multiple suspicious bets of varying nature flagged, which led to the investigation.
We do understand that this is not the outcome you were looking for, but unfortunately the Terms have been breached and this is the end result.
I’m happy to have an open discussion about this with anyone, but I want to make one final point before wrapping up this thread.
The vast majority of crypto casinos, including all the major well known names such as:
Stake, 500 Casino, Roobet, Duel, LuckyBlock, MonkeyTilt, BetOnline, Cloudbet, CSGOEmpire, BetHog, Sportsbet.io, Jackbit, Bovada (and many more!)
DO NOT confiscate funds for value or arbitrage betting.
This weird narrative, which is pushed by users and the Bitcointalk accounts associated with Winna, Betpanda, and XYES:
that such confiscations of funds are “industry standard” is completely false, they have NO IDEA how the industry works.
Many of the sites listed above even use Betby as their sportsbook provider... (Duel, 500, Roobet, Empire, Luckyblock)
The difference is that they don’t maliciously misinterpret Betbys flags as a license to seize player winnings.
That is all I had to say, good day
