Gogo- It may be better for you just to start another thread on SBOBitcoin. You are not understanding the definition of an agent and why they want to keep some information private. You also believe that all of the entities involved have only been in the gambling business for three months. This is very naive. If you have a case of a no pay, slow pay or any other personal experiences, then post it. Thanks

A player contacted SBR claiming that 8 BTC ($6,700) in winning wagers went unpaid and his account closed. On December 1, BTC Sports Bet contacted the player indicating that he would be paid his balance minus the winnings from the wagers. The wagers in question are:

606 CS Bakersfield -4.5
614 San Fran -2.5
583 Pepperdine +7.5
602 SMU +6

His account was closed on December 1 for "irregular betting patterns":

BTC Sports Bet: "After review by a manager, your account is being closed due to irregular betting patterns, with the recent wagers cancelled."

BTC Sports Bet then paid 27.53 BTC ($23,000) to the player. BTC Sports Bet has refused to give their reasoning for not paying the four winning bets. SBR has confirmed that the bets were in-line with the market at the time of being placed and that the bets were not past-posted.

SBR has attempted numerous times to discuss the complaint either online or via telephone. BTC Sports Bet first stuck with a generic line of not discussing details with third parties. At this time, SBR instructed the player to again contact BTC Sports Bet and carbon copy the SBR resolution team on the email. BTC Sports Bet still refused to speak with the player. After repeated follow-ups from SBR, BTC Sports Bet replied with the following:

BTC Sports Bet: "We pay the largest wagers of any bitcoin sportsbook, literally thousands of BTC per month, and have since 2011. We will not discuss the matter with you as is stated policy, but your facts are not correct about the user and the wagers. We are confident that we have, and continue to earn the trust of our thousands of users, as noted by the numerous positive reviews, including well-known third parties such as the OSGA."

SBR followed up indicating BTC Sports Bet have also refused to explain to the player himself what specifically about his wagers violated their rules and could possibly be grounds for not being paid.

One of the oldest and most sacred rules sportsbooks must follow is "you book the bet, you pay the bet". The wagers in question were not erroneous lines nor past-posted. No evidence was offered to the player or SBR attempting to justify not paying the $6,700 in winnings.

agreed with those being my top 3 at this time.  I don't bet on sports very much (compared to my poker play) but I like to keep tabs on the industry. 

can't quite figure out why the op rated SBObitcoin top dog.   after a quick look around, a bunch of things scare me.  "we use same conversion for deposit and withdraw to bitcoin" seems to be a fundamental flaw.  that coupled with the fact they use pinnacle sports somehow makes me quite likely to never deposit even something small to try it out.  Sounds like many layers of shenanigans.  would love to hear the OP's take on the site.  I saw they have pokers too.

My assumption of how it works is that you "sell" your bitcoins to them when you deposit and then "buy" bitcoins from them when you withdraw.  You basically place bets through them, not with them.  I could be mistaken though.

What I still do not get is whether they open a Pinny account with whatever personal info. you provide them (name, email, phone) or they open it with some ghost name?  I've asked them this question several times, but they seem unable to answer it directly.  Might be a language issue...I have no idea.

What I still do not get is whether they open a Pinny account with whatever personal info. you provide them (name, email, phone) or they open it with some ghost name?  I've asked them this question several times, but they seem unable to answer it directly.  Might be a language issue...I have no idea.

Let's say you have 100 users who want to bet on miami-okc.  60 of them want to bet a total of 10k on miami.  40 of them want to bet a total of 9k on okc.  Instead of making 100 individual bets (where pinny is making the juice), it's smarter to 'book' that 9k of action yourself (keeping the juice) and just bet the excess 1k on okc at pinny to make everything square.  Of course that carries risks (line moves, max limits, ect).  

That being said I have no idea how sbo does it.  It's entirely possible they just create accounts for every user.