Thank you for your story.
To confirm:
mbitcasino is a scam.
The site is run by scammers.
Avoid and don't give them any business.
https://www.mbitcasino.com/
Scammers.
Topic: mbitcasino scam https://www.mbitcasino.com/ - page 2. (Read 1653 times)
Avoid this scam, 15 btc is a lot of money, mbit casino, bitstarz, so many. I am angry.
That is really bad to take away your winnings, but when players lose, they doesn't say anything and just take away players money.
https://www.mbitcasino.com/
https://bitcointalksearch.org/user/mbit-casino-262691
My story from July guys.
All is fine until you get a winning streak.
Long story short, I was betting kind of high stakes, 1 btc per bet then repeat the bet at the revised odds. Sometimes I would bet 3-5 times the same bet. It was live betting, with the acceptance delay and odds adjustment it would take 30-90 seconds between each bet, sometimes minutes.
This way, I lost all my bankroll a couple of times. Then the next day I deposited, I got a winning streak and ended up with 17btc balance.
I was using the same betting style I used to lose everything, no problems back then, but when I won they said I am not allowed to ''bet more than once per bet'', that I exploited their system. Let me note here, many other bookmakers (Sbobet, Pinnaclesports, maxbet to name but a few) operate on a similar model. They have a maximum win amount for a line, and after accepting a bet there, they recalculate their position, lower their odds if need be, and let you bet again on the new line. Mbit lines operated in a similar way, as sometimes odds were dropped a little after my bet, or closed for a minute or two. When the revised line was available again, I attempted another bet and such a bet sometimes was rejected.
Daily small withdrawals were being made, so they were checking my account daily and could see the action.
They also said I lost on purpose, like I know the future or something (odds were fair line, market average not even market top), they gave me 2 btc for my troubles, closed my account and wrote off the remaining 15btc.
They took their sports platform down since then. Their risk management is to blame I guess, but how is it my fault I wonder.
Mbit was happy to accept my losing bets and after I won a bit they cancelled the winnings. They took the risk and they were getting the rewards up until the point where they lost.
They chose not to take responsibility, they blamed me, they freerolled me and showed me the door.
https://bitcointalksearch.org/user/mbit-casino-262691
My story from July guys.
All is fine until you get a winning streak.
Long story short, I was betting kind of high stakes, 1 btc per bet then repeat the bet at the revised odds. Sometimes I would bet 3-5 times the same bet. It was live betting, with the acceptance delay and odds adjustment it would take 30-90 seconds between each bet, sometimes minutes.
This way, I lost all my bankroll a couple of times. Then the next day I deposited, I got a winning streak and ended up with 17btc balance.
I was using the same betting style I used to lose everything, no problems back then, but when I won they said I am not allowed to ''bet more than once per bet'', that I exploited their system. Let me note here, many other bookmakers (Sbobet, Pinnaclesports, maxbet to name but a few) operate on a similar model. They have a maximum win amount for a line, and after accepting a bet there, they recalculate their position, lower their odds if need be, and let you bet again on the new line. Mbit lines operated in a similar way, as sometimes odds were dropped a little after my bet, or closed for a minute or two. When the revised line was available again, I attempted another bet and such a bet sometimes was rejected.
Daily small withdrawals were being made, so they were checking my account daily and could see the action.
They also said I lost on purpose, like I know the future or something (odds were fair line, market average not even market top), they gave me 2 btc for my troubles, closed my account and wrote off the remaining 15btc.
They took their sports platform down since then. Their risk management is to blame I guess, but how is it my fault I wonder.
Mbit was happy to accept my losing bets and after I won a bit they cancelled the winnings. They took the risk and they were getting the rewards up until the point where they lost.
They chose not to take responsibility, they blamed me, they freerolled me and showed me the door.
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