New Betting Sites Stealing Funds (via arb/value betting rules)

[DGUDGUDGU]

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 Betting

Arbitrage 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 Issue

Value 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 Solution

The 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 

[Woodie]

*General discussion*

Just an after thought, when a player is said to be Arbitrage Betting, do these websites provide evidence of a player actually doing it because technically if it's a football, basketball or whatever result you need two other results to be covered for the 1X2(home,draw,away)  meaning 2 other bookies need to flag you for the same rule brake.. but if there is nothing then such questions will be asked, but OP for the bookies you have mentioned are you a victim or it's a general discussion maybe speculative too 

[DGUDGUDGU]

*General discussion*

Just an after thought, when a player is said to be Arbitrage Betting, do these websites provide evidence of a player actually doing it because technically if it's a football, basketball or whatever result you need two other results to be covered for the 1X2(home,draw,away)  meaning 2 other bookies need to flag you for the same rule brake.. but if there is nothing then such questions will be asked, but OP for the bookies you have mentioned are you a victim or it's a general discussion maybe speculative too 

These websites never provide any proof of anything.
The only proof they have of anything is that BetBy has flagged the player.

However it shouldn't matter if a player is value betting or arbing, they should still be entitled to the funds.

As I've explained in my post:
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.

This setup makes no sense.

[mirakal]

The Solution

The 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.

Then I guess you already know the solution to your problem. Sometimes we don’t really read the casino’s TOS, and later we complain because we didn’t realize we violated something, but before signing up, we already agreed to those terms, so in a legal fight, we don’t really stand a chance.

Maybe in other sportsbooks, value betting is allowed, but for this specific casino, it’s not. So why force yourself to play in a casino where that "kind of betting" isn’t even accepted?

[Beparanf]

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.

What doesn’t make sense is the user that keep complaining about the casino rules about arbitrage betting while you are not obligated to play in there if you don’t like the rules.

Casino doesn’t force you to play if you like doing arbitrage betting but most of the casino available have this rules about arbitrage betting restrictions.

Their casino their rules unless they apply it right after you commit that strategy.

[DGUDGUDGU]

2 new replies completely missing the point of the post.

Instead of asking why casinos have rules in place that makes sure they literally cannot lose in any circumstance.

They are blaming users for not reading entire terms of service, which can be adjusted an any time anyway.

What doesn’t make sense is the user that keep complaining about the casino rules about arbitrage betting while you are not obligated to play in there if you don’t like the rules.

Casino doesn’t force you to play if you like doing arbitrage betting but most of the casino available have this rules about arbitrage betting restrictions.

Their casino their rules unless they apply it right after you commit that strategy.

Also this mentioning arbitrage when I've already explained there is no way in which any casino can see when a user is arb betting  

"Maybe in other sportsbook value betting is allowed"

Actually in 99% of sportsbooks, value betting is allowed. They will limit your account but not stop your withdraw.

All reputable sportsbooks operate like this, all the biggest sites in the world.

Sorry that I'm trying to stop bad actors in an already predatory industry 

[Tipstar]

I don't know why arbitrage betting is a bad thing. The user bets on the option they believe would likely win them money and the bookkeeper also provides the odds depending on how people are betting at the moment with their cut of money secure. Even though the arbitrage bettor tracks multiple gambling sites and when finds odds that differs in two different sites, places large bets seconds before or seconds after the odds changes but that still is a risk the gambler is taking and every sites have their cuts before setting every odds.

[Orpichukwu]

They are blaming users for not reading entire terms of service, which can be adjusted an any time anyway.

In a general sense, if a casino updates their policy, they should need to notify their customer about it unless there is something shady they are hiding there and would like to use it against an uninformed customer, which is a bad behaviour and should be flagged.

[Slow death]

They are blaming users for not reading entire terms of service, which can be adjusted an any time anyway.

In a general sense, if a casino updates their policy, they should need to notify their customer about it unless there is something shady they are hiding there and would like to use it against an uninformed customer, which is a bad behaviour and should be flagged.

In most TOS, they state that they reserve the right to change the TOS without prior notice, so with this point, they have the right to change whatever they want without notifying anyone. So, it's up to people to constantly read the TOS. Regarding what OP is saying, honestly, there's no way to disagree with a casino's TOS when the person has agreed to follow the same TOS.

Whether what the casino would be doing is right or wrong is another matter, but the fact is that what is in the TOS is what the person accepted. I personally don't see any reason for any casino to prohibit Arbitrage Betting and Value Betting, although I don't use them and we have to respect the casinos' TOS. If they prohibit it, we have to obey and not do it.

[T1HGO]

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 Betting

Arbitrage 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 Issue

Value 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 Solution

The 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 

This is the best post i've seen in this entire forum. Beautiful. Could not have said this better myself. Someone merit this post, god damn.

[Mhizlove]

They are blaming users for not reading entire terms of service, which can be adjusted an any time anyway.

In a general sense, if a casino updates their policy, they should need to notify their customer about it unless there is something shady they are hiding there and would like to use it against an uninformed customer, which is a bad behaviour and should be flagged.

I will say I agree  because transparency is very important for this kind of development or thing, you see when a platform changes it rules,the users deserve to be notified to avoid confusion later. And I will say that a good business is built on trust when you communicate openly with your customers, because if the policies are being changed quietly without informing users this can easily raise doubt and weaken trust or make users to be suspicious and the confidence they have for the platform will reduce

[dimonstration]

They are blaming users for not reading entire terms of service, which can be adjusted an any time anyway.

In a general sense, if a casino updates their policy, they should need to notify their customer about it unless there is something shady they are hiding there and would like to use it against an uninformed customer, which is a bad behaviour and should be flagged.

I will say I agree  because transparency is very important for this kind of development or thing, you see when a platform changes it rules,the users deserve to be notified to avoid confusion later. And I will say that a good business is built on trust when you communicate openly with your customers, because if the policies are being changed quietly without informing users this can easily raise doubt and weaken trust or make users to be suspicious and the confidence they have for the platform will reduce

But on this case, casino clearly indicated the value betting and arbitrage betting is not allowed which means user doing it violates the casino ToS.

Confiscation of funds on the casino ToS which they usually stated. I will agree if the issue is not about arbitrage betting and casino just add new rules to confiscate user deposit but this case mainly focus on that topic which is a clear ToS violation.

[CryptoHeadlineNews]

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 

I know as someone who has prior knowledge about how the gambling industry works, I'm very much sure that you will feel sad seeing some casinos confiscate gamblers funds simply because it was flagged by Betby and they misinterpreted it as been fraud, which led to account suspension and confiscation of fund while trying to apply the value and arbitrage betting strategy. And in a scenario like this, I think it is only best to align only with casinos that have been proven to not confiscate gamblers funds for value and arbitrage betting (i.e Stake, 500 Casino, Roobet, Duel, LuckyBlock, MonkeyTilt, BetOnline, Cloudbet, CSGOEmpire, BetHog, Sportsbet.io, Jackbit, Bovada and more), rather than trying to argue with casino why they run their businesses the way they does. Because just as some casinos may be lenient on their rules, others may not be, simply because they wants to maximize higher profits.

[DPHOR]

This is the major reasons why we must read casino terms of Service if we are comfortable with it or if there are something related to arbitrary and value betting. Although some casinos or gambling site might make this not truly understood to gamblers untill they are already victims of it before you would see them bringing up all these just to victimized the bettor, because if they clearly makes all these understood by gamblers you would see that they would have lower turnover on their site.

[leea-1334]

I want to come out and objectively say that I have never heard of such a thing until now,,, and I can see objectively that you are right at least now I have looked at ToS of 1 or 2 new casinos.

I mean,,, if it is true then many gamblers on this forum are guilty of it, including me,,, after all we look for value in sports betting right? Why is that suddenly a wrong thing to do @buwaytress @KTChampions you guys talk a LOT about value betting can you explain if you have ever been blocked?

[KTChampions]

I want to come out and objectively say that I have never heard of such a thing until now,,, and I can see objectively that you are right at least now I have looked at ToS of 1 or 2 new casinos.

I mean,,, if it is true then many gamblers on this forum are guilty of it, including me,,, after all we look for value in sports betting right? Why is that suddenly a wrong thing to do @buwaytress @KTChampions you guys talk a LOT about value betting can you explain if you have ever been blocked?

I have never been blocked, but I should note that I do not register on every gambling site to test its algorithms or, for example, to use the bonuses offered. I'm happy with using reputable bookmakers which have no liquidity issues and don't skimp. I have a sense of common sense not to step into the gray area... or if I do, then do it in a way that doesn't draw attention to myself   If you hedge your bets, it is obvious that it is better not to do this where it is directly or indirectly prohibited.
As for the rules prohibiting arbitrage/value betting, that's nonsense, of course, and it's best not to deal with such projects in the first place.

[Vaculin]

The question is what if you believe you’re not violating the TOS, even if what you’re doing could be considered value betting. The problem is the casino might interpret it differently on their side.

Issues like this are honestly hard to resolve. There’s usually no real third party or mediator that can step in, since the casino operates under its own rules. From what I’ve observed, once a casino tags an account for “value betting,” especially under their internal policies, about 99% of the time their decision won’t be reversed.

[rdluffy]

I have never found Value Betting and unless it is very discrepant, I believe I never will

I think it is very rare for a casino to accuse a bettor of value betting, because at least for me it doesn't make much sense to punish a bettor for finding a bet with very good odds
There is something relative in the mathematics of odds that, as I said, I would only be able to find if it were something very discrepant

Has anyone ever found Value Betting?

[mindrust]

*General discussion*

Just an after thought, when a player is said to be Arbitrage Betting, do these websites provide evidence of a player actually doing it...

They can't prove it easily.

If you are making money, that's all the proof they need to lock your account. Actually they don't even need that since you might be using multiple casinos and they can't really know if your are in the green unless they exchange your data (which they probably do btw) So when they notice you are sucking them dry with your bets and your balance keeps increasing in the long run, that my friend, is something they absolutely don't want. It means competition.

[KiaKia]

If you don't like the rules of these platforms why are you even playing over there?

Also why are you new betting sites when there are many like Rainbet on the forum that people can use to place bet and have a great time? This is something people bring to themselves almost all the time.

When it's time to complain they will know their ways to this forum just for that, if any online casinos is not well received on this forum do not deposit money on them, it shouldn't be this hard as people are making it to be.