SportingBet Review

Unethical terms for progressive jackpot payouts

By Casinomeister Sep 22, 2021

Casinomeister's Verdict

Avoid this casino at all costs. If you happen to win a progressive jackpot, you will be screwed.

1 Our Rating
0 Player Rating
http://www.sportingbet.com/
July 2004
Payout speed
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Withdrawal limits
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Customer service
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Software & Games
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Licensing
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Gibraltar, UKGC
4ThePlayer, Microgaming, NetEnt, GameAccount, Evolution Gaming, Play'n go

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ACCREDITED

First Impression

Please note: SportingBet Casino and all UKGC Casinos no longer accept credit cards.

 

Once an accredited casino – but barely. They always had an issue with maintaining a forum presence, or answering any questions when it came to player complaints. It was only a couple of years ago that they had a new manager who actually had his act together, and Sportingbet remained in the Accredited section.

But he’s gone now, there is no representative in the forum, and they have added rogue terms to their payouts of progressive jackpots:

10.3

You agree that the maximum amount that You may withdraw is twenty thousand US Dollars ($20,000) (or the equivalent amount in EUR or GBP currency) every 30 business days. All amounts larger than twenty thousand US Dollars ($20,000) will be paid every 30 business days until the full withdrawal amount is reached. This condition also applies to winnings of progressive jackpots.

This is such a load of crap – it’s unethical because it is not their money to begin with – and it is probably illegal. If any player wins a progressive jackpot – even a small one like Luck o’ the Jackpot (which is at $2.5 million right now) – it’s going to take over ten years to pay this out. The only reason a casino puts payout limits on progressive jackpots is to make sure the player plays the money back – money that never belonged to the casino in the first place (the winnings are pooled funds – not exclusively the casino’s). There is more information about that here: Playtech Progressive Jackpot Scandal.

Operators who try to pull this scam ought to be drummed out of the business. It’s abhorrent – and for a licensing jurisdiction that condones and justifies these terms should be lambasted: UKGC and Gibraltar. Just goes to show they either do not care about the player, or they are too preoccupied to do their jobs properly and ensure players won’t be scammed by their casino properties. Take your pick.

And since this is a publicly traded company, someone ought to ensure that this Rogue listing is included in their quarterly report.

But we all know the answer to this one: it’s all about the money – f*&% the player.

Pros

  • Not many

Cons

  • Rogue payout terms

BANKING AND PAYMENT METHODS

Average Based on 2 real users

REQUEST DATE
COUNTRY
BANK METHOD
REVERSE TIME
PAYOUT HRS:MIN
ID REQUIRED
WEEKEND REQUEST
AVERAGE
13:30
49:30
01 July, 2015
Canada
EcoPayz
24:00
55:00
No
No
08 March, 2016
United Kingdom
Debit Card
3:00
44:00
No
No
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Casino Facts

FoundedJuly 2004
AccreditedDecember 2014 - March 2018
JurisdictionsGibraltar, UKGC
Casino representativeVIP Manager
Is this casino certifiedNo
Payout time24 hrs
Reverse time24 hrs
Payout limitsNone
Weekend payoutsYes
Locks withdrawalsNo
Austrian German, Bulgarian, Croatian, Czech, Danish, English, French, Greek, Hungarian, Italian, Norwegian, Polish, Portuguese, Romanian, Russian, Spanish, Swedish
Bank wire transfer, Laser, Maestro, MasterCard, Money Transfer, Neteller, Paypal, Paysafe Card, Skrill, Switch, Ukash, Visa, Visa Debit
Bank wire transfer, Neteller, Paypal, Skrill, Visa, Visa Debit
Casinomeister

Casinomeister @Casinomeister

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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