Off topic Help

I know it's probably off topic discussion but wanted to know guys inputs here regarding offline sportsbook like Bovada. They confiscated my funds due to one bitcoin deposit that they are adamant didn't go through whereas my wallet has no pending transaction and I have shared multiple screenshots of the transactions. Is it possible to legally sue them for confiscation of funds? Or is there any way I will be able to get my money back as they are pretty much unresponsive. Long story short, the account had a lot of money and the deposit was marginal. They even deposited the funds in my account and later on said it was never cleared on blockchain.

I don't think I follow exactly what happened. They deposited money in your account, after you used Bitcoin to fund it? Then that money disappeared, because your Bitcoin transaction never "went through"?

You aren't saying they "stole" some Bitcoin, are you?

I would never transact with Bitcoin. Too easy to steal, and recovery is next to impossible

No not what I meant. Here's the snapshot-- I deposited funds using BTC in my account, they were made immediately available to place bets and I funded additional funds using other methods as well. The account value grew over the last 3 weeks and is now considerable to what I started with. I tried to withdraw some of my funds as I needed it and they came back with the error stating one of my crypto deposits is still not fully cleared. It was weird because it was almost 3 weeks back and I had funded or added funds so many more times after that and they never brought it to my attention that my past one is not cleared yet. Now, the BTC depoist is only around a few hundred dollars and the account value is considerable in thousands of dollars and they have confiscated the entire amount placing a hold on my account. Mind you, none of the winnings currently in my account are related to that bitcoin deposit because I had lost it immediately and had to fund more. I even offered to pay them the pending BTC again but they are I guess not budging because of the upside I have. I don't know what should I do? Do I have a chance against these big companies if I consult a lawyer? If yes, what sort of lawyer should I consult considering they are not based of US and it's an offshore company.

I don't often transact with bitcoin either, man. That day I had BTC available and just used it. I have used it previously with no issues but never thought they will tap the whole account. I even asked them to take the funds available from the balance but they clearly see this an opportunity to seize the entire thing

Damn, I think you're fucked, honestly. This sounds like a miniature version of pig-butchering, that I posted about recently (friend was a victim). With them being offshore, I doubt a US Lawyer would bother, if there isn't at least 6 figures involved.

It's close half of that and the bTC amount was a few hundred dollars. Did you friend ever filed a dispute or reached out to a lawyer? Worst case scenario i atleast need to get my deposited funds back even if they want to keep the winnings with them.

No, my Friend's case was much worse. He got scammed by an online dating service, and it involved Crypto mingled with cash money. He lost close to $60,000

Online Betting is such as scam as they are content to take your money and let you play until you take out significant winnings.

Years ago BoDog was advertising like crazy on the Radio Sports Talk.

I won 16K on the Super Bowl that year and asked BoDog for a withdrawl, got a check from a bank in Curacao that bounced like a rubber ball. They would not even pay me back for the check fees, but credited back my account. I think I lost half of it in March Madness and eventually they paid out when I asked for smaller payouts over several months. They charged $75 for each payout.

Draft Kings banned me after I took a big payout after winning a NFL Best Ball contest. They said I entered too many contest at once, like you guys cannot tweak the SW to tell me that before I place the bets?

Lesson learned, do not play online illegal Sportsbooks. I know a guy in Texas who bounces an IP Network out of NJ so he can bet semi legally, but once he ask for a big payout they will call him out on it and refuse to pay.

I keep hoping the Oklahoma Casinos will legalize Sportbooks, and maybe in 2025 it will happen.

You would have better luck filing charges against a Provider for not doing CIM as promised versus a Legal Resolution to an Off-Shore Sportsbook.

What I'm failing to understand is how they are able to do it without any consequences? This is a clear case of fraudulent activity. I would have understood if they would have denied paying the payout of the winnings but they are even denying me the my own deposited funds that has got nothing do with the BTC transaction. I cannot let this go because it's a significant amount of my life's savings and I was a fool to keep making deposits on a offshore website but I would rather fight this in a case or try to settle it someway and get atleast get the deposited money back.

No, my Friend's case was much worse. He got scammed by an online dating service, and it involved Crypto mingled with cash money. He lost close to $60,000

Originally Posted by Capital

Good post with good info. I've been tempted a time or two. Just thought it was to good to be true.

Sorry for your losses

Bovada is the old Bo Dog Gambling Operation that was always bouncing checks on Gamblers.

Several people were talking about the Player Props on Brovada being more varied and creative than Draft Kings, but I made sure everyone knew that these guys have a reputation for stealing.

Obviously Bovada feels like your original funds were in question and therefore all winnings using questionable funds are poison fruit.

Sorry you got screwed, but these are Gangster types that run sites like Brovada.