If you are a bettor who wants to get paid when you win, you should avoid betting at Wager Web sportsbook. Wager Web might prove to be very reluctant to pay out its players.
Wager Web has owed a former player almost $11,500 since 2009. Claiming the bettor was playing correlated parlays against its rules, WagerWeb closed the player’s account and has refused to pay out any of the balance.
Correlated parlays are any bets where winning one side makes winning the second leg more likely. For instance, betting Alabama -48 and Over 53 would be correlated, since it is likely the game will go over 53 points scored if Alabama covers the point spread. A first half parlay with Kansas St. -6 and over 28.5 isn’t highly correlated, however, so most sportsbooks allow wagers like these.
Typically, a book will divide the point spread by the game total; if the number is greater than 30%, the two bets are correllated enough to make the bets a net loser for the sportsbook. The sportsbook will have the software reject such wagers. WagerWeb, using ASI software, routinely rejected bets with this high correlation.
Other same game parlays were accepted by Wager Web, however. The player in question made many of these wagers, losing nearly $10,000 in the process. WagerWeb would routinely offer the player reload bonus, liking his action.
However, the player got hot and won $4,302 over a two-month period ending on October 24th, 2009. After the player requested a payout, WagerWeb conducted a five week investigation that culminated with Wagerweb taking $9,578.60 from the players account, claiming illegal bets. They have since refused by pay the additional $1,700 in the player’s account unless the player agrees to forfeit the nearly $9,600 in dispute.
The player has since taken the case to several outside parties, hoping mediation will resolve the issue. Both parties, SportsbookReview.com and OSGA.com, have ruled in favor of the player. WagerWeb still resists, using a variety of excuses such as software mistakes, new ownership, and fraud. No evidence has been shown to back up these excuses.
Based on this and other instances of questionable behavior by WagerWeb, Rouletters downgrades WagerWeb to an F grading and advise all to avoid this sportsbook.
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