This week had some interesting news and cases to report: Credit Wagering ‘was sold’, BetEagle Sportsbook changed their domain name, Oddsmaker.com seized a $4,300 balance from a player and Logans.com will close down.

Here are the details of what happened in the sportsbook industry last week:

– Credit Wagering Sportsbook was established in 2008, they began as a pyramid scheme, extending credit to few rounds of players to lure in more. Since then, their players have reported being slow-paid $23,230. Last Sunday Credit Wagering Sportsbook sent an email to all their players claiming that they were sold:

Credit Wagering: Dear Credit Wagering Customers,
We would like to announce the sale of Credit Wagering. Effective immediately, the new owners will be working on getting credit wagering back to the way it use to be. The site will be down for wagering until August 1st. All accounts are still accesible. There are many changes that are on the horizon, which will benefit you the customer. Most important is customers being paid on time!

When a scam sportsbook like this thinks that their domain still has value they look to deflect responsibility for player accounts due to being under ‘new ownership’.

– BetEagle Sportsbook changed their domain extension to .ag. These days several sportsbooks with concerns over the status of .com domains are now using .eu, .ag and .cr extensions as these addresses are believed to be beyond the reach of legal authorities.

The following message displays as a screen prompt when accessing BetEagle.com:

BetEagle: Important Notice: Thank you for your attention. BetEagle.com is now BetEagle.ag. We recommend players adding www.beteagle.ag into your favorite bookmarks. Thank you for your understanding. Please acknowledge you have read this notice by clicking the ok button.

– An Oddsmaker.com player deposited $500 a while ago and he never made a withdrawal; over the course of time his balance reached up to $4,300 and he decided to request his first payout by check. Oddsmaker.com said it would take 21 days to send the check and when the player attempted to log in to his account he found out that it had been disabled. He contacted an Oddmaker.com representative and he told him that management closed his account and that his funds would not be paid.

Oddsmaker.com justifies confiscating funds from player accounts by referencing a section of their fine print with respect to professional players:

The sports wagering services offered by Oddsmaker.com are not for use by individuals or groups deemed to be professional bettors. In the event that a Player(s) is deemed to be a professional bettor, their account will be subject to immediate termination with any remaining account balances, including all deposits and winnings in Player’s account, being returned to the Player.

To date, Oddsmaker.com has stolen $203,432 player funds (including deposits).

– Logans.com, which is managed and hosted by Sportsbook.com is going out of business. As of last week, players began to see notices that the sportsbook would no longer accept wagers from customers in their region. Logans.com asked players with balances to go through the withdrawal process by Friday, June 24th but they have not released an official statement explaining the decision to close down.

Avoid scam sportsbooks like Credit Wagering Sportsbook and Oddsmaker.com, once you turn a profit playing there you will eventually have your balances stolen. I recommend America’s Bookie, they have provided excellent customer service and prompt payouts since being established in 2005.