During a visit to SBR today, I found 2 complaints from players that Youwager/Betpop (same company) are withholding around $100,000 in winnings from 2 players- one for $77K and another for $23K. Things are still sketchy but as more info is obtained, the books are claiming they only allow "recreational" players"- and from their betting styles and types of bets made- they arrived at the decision both these players were "professionals". So, accounts have been closed and the players are hoping SBR will intercede on their behalf.
Bitcoin has dropped nearly 80% in value, from a high over $16K to around $3300 today. So books are getting slaughtered and their holdings and cash value have been seriously compromised. Just think about how much 5Dimes paid for Tony's release- a reported $750,000 Bitcoin transfer to Cuba without any hesitation. Youwager eliminated charge card depositing this year, and many books are/were adding extra incentives trying to increase their Bitcoin reserves.
So, a few warnings:
1. Do not keep a large balance in any sportsbook. There is added incentive for the books to keep your balance the higher it goes.
2. Use multiple sportsbooks- this will limit your exposure in case things go bad at 1 or 2 of the books.
3. Try not to deposit by Bitcoin. Youwager has a policy of "if you deposit by Bitcoin, you can only withdrawal by Bitcoin". You want all options available whenever possible.
4. Go to SBR and keep up with complaints and ratings where you play. Post at Pregame when you have new info.
5. As a loyal Youwager/Betpop member, I'm done with them. This "A" book is about to become a D+ book, just like BetDSI did after not paying off to a few larger accounts for similar reasons.
I'll continue to add to this thread as more info becomes available........be well everyone and play safe!