Fraud bookmakers

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Correct me if I'm wrong, but the reason licensed bookmakers are obliged to ensure all deposited funds are turned over before the entire balance can be withdrawn is to prevent money laundering.

If a bookmaker limits your account and only allows you to bet on MBL events prior to having a chance to turn the initial deposit over on sport, THEN SURELY all you have to do is satisfy them the deposited funds wasn't intended for money laundering. I'm almost certain that would have to be the case, and surely if you were to follow the correct channels in requesting a full withdrawal, you'd be entitled to those funds as long as you can satisfy the licensee the deposited funds weren't laundered.
 
X_box_X said:
Correct me if I'm wrong, but the reason licensed bookmakers are obliged to ensure all deposited funds are turned over before the entire balance can be withdrawn is to prevent money laundering.

If a bookmaker limits your account and only allows you to bet on MBL events prior to having a chance to turn the initial deposit over on sport, THEN SURELY all you have to do is satisfy them the deposited funds wasn't intended for money laundering. I'm almost certain that would have to be the case, and surely if you were to follow the correct channels in requesting a full withdrawal, you'd be entitled to those funds as long as you can satisfy the licensee the deposited funds weren't laundered.
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most waive the turnover requirement if they do in fact force you into only MBL markets.

self excluding used to also force the withdrawal to happen without needing to turnover the funds, am unsure how that works now they have the NT self exclusion thing in
 
X_box_X said:
Correct me if I'm wrong, but the reason licensed bookmakers are obliged to ensure all deposited funds are turned over before the entire balance can be withdrawn is to prevent money laundering.

If a bookmaker limits your account and only allows you to bet on MBL events prior to having a chance to turn the initial deposit over on sport, THEN SURELY all you have to do is satisfy them the deposited funds wasn't intended for money laundering. I'm almost certain that would have to be the case, and surely if you were to follow the correct channels in requesting a full withdrawal, you'd be entitled to those funds as long as you can satisfy the licensee the deposited funds weren't laundered.
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I will correct you. You're wrong. And clearly you've never been through it otherwise you would know. Please explain? People don't have the time nor do they care. Just like they don't have time to be ****ed around by fraud campaigner book makers.

:thumbsu:
 

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PowerfulPies2023 said:
I will correct you. You're wrong. And clearly you've never been through it otherwise you would know. Please explain? People don't have the time nor do they care. Just like they don't have time to be ****ed around by fraud campaigner book makers.

:thumbsu:
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Huh?
 
X_box_X said:
Correct me if I'm wrong, but the reason licensed bookmakers are obliged to ensure all deposited funds are turned over before the entire balance can be withdrawn is to prevent money laundering.

If a bookmaker limits your account and only allows you to bet on MBL events prior to having a chance to turn the initial deposit over on sport, THEN SURELY all you have to do is satisfy them the deposited funds wasn't intended for money laundering. I'm almost certain that would have to be the case, and surely if you were to follow the correct channels in requesting a full withdrawal, you'd be entitled to those funds as long as you can satisfy the licensee the deposited funds weren't laundered.
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no you are correct, deposited funds are by regulations required to be turned over before any withdrawal should be processed. , yes related to money laundering rules.

there are few exceptions, for example if a customer joined and is on betstop register , and deposited prior to that being captured by the book, the funds would be returned and account closed. There is a bit of license on other exceptions.

restrictions to mbl's / non sports bets etc are not reason to bypass the rules generally, but there is some discretion/licence within the scope of that rule if that makes sense
 
Just withdrew another 1.5K from Neds (Lads).

Totalling over 5K of withdrawals (all profit).

They are just mirror sites run by the same business from what I understand.

The posters never answered the question if they had ever done anything such as use the site while they had a VPN on, or deposited money using a card that didn't match the account holder's name.

Definitely leaning towards that being the case.
 
based said:
why arent you posting how theyve stolen from you?
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Read the thread mate. There is some quality posts especially by footysevenfive, he can explain it better and how they do it.

Won huge (10k plus) account immediately shut down. Made life difficult to contact. Refused to pay out or open account. Pending bets, deposits all of it stolen. Account had a lot money in it.

They have a team of campaigners trained to not pay out and shut accounts down that are a threat and get right into your personal details. The irony is they are too scared to even to tell you their real names. ****ing cowards.

Ladbrokes are campaigners. Anyone defending them works for them, lose bets or are small gamblers. No threat.
 
burge13 said:
What are you so angry about lol.

You post ladbrokes suck. No one else cares if they suck, we're likely banned. All anyone asked was why you're so angry as there has been zero specifics mentioned. Somehow asking this gets abusive responses? Very odd

If they have legitimately stolen from you, you'd have no issue explaining how.

Everyone here dislikes the bookies. We'd all side with you with even a shred of evidence, yet none has ever been posted
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Every right to be angry. You would be too.

What are you talking about no one else cares, that's good I don't give a shit either if no one else cares. Isn't this thread about fraud bookies??? I'm trying to help others. if you don't like that, great. Make your own decisions, I don't give a ****.

Hopefully it helps a young kid or someone else before they get screwed.

I don't dislike all bookies. Why would I?? it's the game. I dislike stealing. You can think it's ok, good for you, congratulations. To me it's shit and completely wrong, people need to know about it.

I've had huge money on with all bookies in OZ. A lot more than I had with Ladbrokes, 100k plus etc. Yeah I have been banned limited all that. But not one has shut account out of blue and taken everything. When they ban me they pay out first, always

And it's not just me. If you don't like hearing it good for you, then don't read it or respond to me or go read another flipping thread. Or get back to your 20 dollar multi.

What do you want me to write on a bookie fraud thread??? What would you like to hear? Ladbrokes are great, they don't block accounts when you win huge and take your money including deposits. Happy now campaigner?
 
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Macca180 said:
Every right to be angry. You would be too.

What are you talking about no one else cares, that's good I don't give a s**t either if no one else cares. Isn't this thread about fraud bookies??? I'm trying to help others. if you don't like that, great. Make your own decisions, I don't give a heck.

Hopefully it helps a young kid or someone else before they get screwed.

I don't dislike all bookies. Why would I?? it's the game. I dislike stealing. You can think it's ok, good for you, congratulations. To me it's s**t and completely wrong, people need to know about it.

I've had huge money on with all bookies in OZ. A lot more than I had with Ladbrokes, 100k plus etc. Yeah I have been banned limited all that. But not one has shut account out of blue and taken everything. When they ban me they pay out first, always

And it's not just me. If you don't like hearing it good for you, then don't read it or respond to me or go read another hecking thread. Or get back to your 20 dollar multi.

What do you want me to write on a bookie fraud thread??? What would you like to hear? Ladbrokes are great, they don't block accounts when you win huge and take your money including deposits. Happy now campaigner?
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Not sure why you're replying months after but im not the only one who has asked for the full details which as best i can tell, still haven't been provided...
 
burge13 said:
It's like they think we're big defenders of Lads too. Absurd idea when most of us would have been banned by Lads!

Asking for actual detail is a bit too much from us apparently
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What dont you get ?. Account blocked after big win. Refused to pay out. Funds in deposit taken including money deposited.
that's all YOU need to know.

You have been banned by 'Lads' ."Lads' lol.

When you were banned did 'Lads' they steal your money? All 200 of it?

"Lads" Australia are pieces of shit.
 

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Interesting experience with PointsBet.

First they promo banned me. Then they limited my stake. Now they're at the point where I can't place more than $1-2 on a bet. So my account is as good as useless. That look just over a month from account opening.

That's the bad news.

I decided yest to withdraw my funds as no good to me sitting in a heavily-restricted account. Withdrew 99.5% of the funds and the cash hit my bank within about an hour. Was very impressed by that.

So they screwed me out of making more money, but at least were honest about getting me my winnings.
 
ferrisb said:
Interesting experience with PointsBet.

First they promo banned me. Then they limited my stake. Now they're at the point where I can't place more than $1-2 on a bet. So my account is as good as useless. That look just over a month from account opening.

That's the bad news.

I decided yest to withdraw my funds as no good to me sitting in a heavily-restricted account. Withdrew 99.5% of the funds and the cash hit my bank within about an hour. Was very impressed by that.

So they screwed me out of making more money, but at least were honest about getting me my winnings.
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If you are going to tail anything posted on here, you have to put it in a multi, otherwise your bet gets linked with other people who tail off here who take the same bet, at the same time, and it gets marked as sharp/ group action.

I haven't lost a single soft book account by doing this, and I've made over 25K on some of them such as SB.
 

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