Gambling and Sports Betting News December 29, 2019: Bet365 Accused of Using “Backdoor Algorithms” to Block Potential Big Winners

Written by:
C Costigan
Published on:
Dec/29/2019

Here are today's headlines in the world of gambling and sports betting as they happen - Sunday December 29, 2019.


*6 weeks free trial - test drive - best in the biz
*Deposit with Bitcoin - They'll double it!
*Get your own domain, customized website, logo
*Switch in under an hour, earn mrore $$ for doing so
*Odds featured on DonBest.com
*Thousands of betting options daily + live in-play
*Easy and discreet payment options include gift cards
*Walmart gift cards also accepted
Start Earning Money From Your Sheet Here

Bet365 Accused of Using “Backdoor Algorithms” to Block Potential Big Winners

Gambling powerhouse Bet365 had referred to winning players as "problem customers" in leaked emails, and the very same whistleblower also alleges the company used "backdoor algorithms" to block potential big winners.

James Poppleton, who worked at the company for 18months, told ABC News in Australia that online data is used to tell Bet365 how many bets you’ve placed, your total turnover, and your win or loss ratio to the company.

Bet365 boss and founder Denise Coates pocketed a salary of £277million – along with a 50% share in the company’s dividends, amounting to an additional £46.25million.

He explained how the algorithm kicks in to ensure big winners could no longer bet large sums of money.

For its part, Bet365 denies the claims and issued a statement:
“Online gambling operators, including Bet365, seek to manage their liabilities by restricting or refusing to accept bets/wagers from certain customers.

“A bet is a commercial arrangement between two willing parties and there is no statutory right to bet.

“In the same way that a customer can decide whether or not they wish to place a bet, a gambling business is also free to decide who they accept bets from, and on what terms, to manage their business and financial liabilities, just as an insurance company may do when setting premiums.

“Accordingly, any restrictions that Bet365 may place on customer accounts are fully compliant with both legislation and regulation, in accordance with published terms and conditions and impact a very small minority of customers.

“Contrary to your suggestion, Bet365 does not consider it pioneered a risk-management process which has been evident in the land-based gambling sect and other sectors for decades.”

Our Free Picks Record as of December 29

2019 NFL Record: 3-10 (0%)

2019 College Football Record: 4-2 (66.6%)

2019 MLB Record: 26-18-2 (59%) - No Plays Over -160

2018-19 College Basketball Record: 12-9 (57.1%)

2018-19 NBA Record: 7-5 (58%)

2018 MLB Record: 45-35 (56.2%)

2018 NBA Record: 12-4-1 (75%)

December 28, 2019

December 27, 2019

December 26, 2019

December 25, 2019

December 24, 2019

December 23, 2019

December 22, 2019

December 21, 2019

December 20, 2019

December 19, 2019

December 18, 2019

December 17, 2019

December 16, 2019

December 15, 2019

December 14, 2019

December 13, 2019

December 12, 2019

December 11, 2019

December 10, 2019

December 9, 2019

December 8, 2019

December 7, 2019

December 6, 2019

December 5, 2019

December 4, 2019

December 3, 2019

December 2, 2019

December 1, 2019

November 2019

October 2019

September 2019

August 2019

- Aaron Goldstein, Gambling911.com

Gambling News

Syndicate