In the best interest of sport players protection, we've outlined the worst online sportsbooks to avoid. These online sportsbooks are graded and ranked either ones to avoid, or black listed.
This list contains online sportsbooks who may have experienced problems ranging from bonus scams to financial collapse.
- #1: Oddsmaker Sportsbook (Rating F)
Oddsmaker Sportsbook has recently confiscated $186,132 from players. Oddsmaker openly steals winnings from players that are determined to be professionals. Oddsmaker uses the stolen funds to finance elaborate marketing campaigns, sending snail mail fliars to apartment complexes across the United States. Oddsmaker's visibility and the likelihood that players are scammed make it the current #1 worst online sportsbook in the world.
- #2: CreditWagering Sportsbook (Rating F)
CreditWagering Sportsbook is an outright scam. Players are given a $1,000 credit line if they submit a copy of their drivers license to the sportsbook. Beginning as a pyramid scheme, CreditWagering players initially reported being paid their funds. CreditWagering stopped paying players in August of 2010. SportsbookReview.com records indicate that CW's debt exceeds $25,000.
- #3: SBG Global (Rating D-)
SBG Global's history of unjust confiscations is documented on the SBG Global Review page. The most notorious incident of theft occurred when SBG acquired BetRoyal in 2008. SBG decided to nullify $500,000 in winnings from a group of players. SBG maintains a D- rating due to some players receiving payment and the length of time between confiscations.
- #4: WSEX Sportsbook (Rating D-)
WSEX Sportsbook was added to the SportsbookReview.com blacklist on March 1st, 2011. WSEX is slow-paying 48 players $431,817. Ten of the players are owed from 2011, with the rest dating as far back as February of 2010. WSEX management concedes that payout time is dictated by the size of the withdrawal.
- #5: BetOnline247 Sportsbook (Rating D-)
Operating out of San Pedro, Costa Rica, BetOnline247 claims to be regulated by the government of Costa Rica. The claim is not accurate; sportsbooks in Costa Rica are not subject to government regulation. The dishonest claim is likely an attempt to sway player confidence. BetOnline247's business model targets European clients. SportsbookReview.com has received 40 current payment complaints from BetOnline247 players.
An explanation of the Blacklist grade:
D- Rated sportsbooks Sportsbooks that carry a D- rating will normally pay some players, while slow-paying others and making unjust confiscations from winning players. These sportsbooks often refuse to communicate with Sportsbook Review if a player asks for help.
F Rated sportsbooks Sportsbooks rated F are considered outright scams. Players stand a very low chance of receiving winnings from these rogue outfits.
View the rest of the five worst online sportsbooks at Sportsbook Review. For an exhaustive list of over 1,000 blacklisted sportsbooks and sportsbooks to avoid, see SportsbookReview.com full list here: http://www.sportsbookreview.com/blacklist/ .