Just posting here to support OP and because I genuinely hate the idiots replying here defending the casino.
If anyone here actually took 5 minutes to go read through Betpanda.io's terms & conditions + sports betting rules (which I just did).
There is ABSOLUTELY NO MENTION of arb betting or valuebetting in their terms or sportsbetting rules.
The absolute closest thing I could find is this:
"In the interests of fair play, it is not permitted to utilise or deploy any novel or recognised betting techniques while using our services which are designed to circumvent the standard house edge in our casino games nor the sportsbook. Should we detect that You have engaged in any activity of this nature, we may immediately suspend, terminate or restrict access to Your Account and/or retain any funds on the account."
But this is an insane stretch and isn't under their sportsbook rules just their general terms of conditions.
I just want to make it clear to all these absolute idiots in this thread blaming OP and saying shit like "most casinos will consficate funds for EV betting"
I have used over 250 sportsbooks to date all tracked, I have had 5 bad experiences total whilst only using EV betting and winning.
This is not an industry standard, it is a VERY small percentage of casinos that steal funds and would probably do the same to losing customers given the right circumstances.
And also to address the betby point, it is also not standard that if you are limited at 1 betby provider to not be allowed to play at another or have funds consficated for doing so.
Under my identity, email and IP address I have used about 25 betby providers and been paid out every time from reputable sites.
500casino, roobet, bcgame, luckyblock, betify, yonibet, blockbet, betfury, duelbits, csgoempire, megadice. I could list them all day.
I skipped sites such as betpanda, because they are for some reason mis-interpreting betbys messages to steal funds from customers, when every other site using betby pays no problem.
Advice for OP in future, stick to reputable sites with no scam reports where they mention stupid things like "value betting" being banned.
My last note for all the people defending the casino:
Let's say for an example you follow the NBA very closely and you use analytics and media information that the odds makers aren't using properly.
In a bunch of games you take the better team and keep winning over time, you are just using data and your research to make decisions and it is more accurate than the odds provided.
In reality on these sportsbooks like betpanda that ban 'valuebetting' this is literally not allowed.
You are not allowed to think about or attempt to make bets in a profitable way, they only want losing players.
And even though they have the ability to limit winning players (no problem with that) they want to go a step further and consficate their funds as well.
Can you see how stupid this is?
You are very right on this.
The casino(s) scammed him for valuebetting when it's NOT even mentioned/written in their scammy terms and conditions.
They do mention that they prohibit arbitrage betting though but not valuebetting.
It's safe to say that nearly all the people tha take the casino's side on this debate are not sportbettors and mainly use them for slots and live casino games.
There are dozens
onof "valuebetting" techniques one can use to beat a soft bookie like BetBy (and consequently all the scam casinos that use this provider for their sportsbook) and you should be getting your winnings
(like all the regulated bookmakers are paying aswell) no matter which tactic you use since you are indeed betting on the odds/lines that they are offering (except for truly wrong odds bets like opposite handicaps or moneylines ,but keep in mind that LEGIT and REGULATED sportsbooks like italian bookmakers are even OBLIGATED by the LAW and their REGULATOR to pay these errors too).
Betpanda , winna and rest scam casinos are just abusing the fact that they are a punch of unregulated .new casinos that most are using them for slots and live casino games , but when a sharp bettor is killing them in their sportsbooks betting on the odds that they are offering , they confiscate winnings without even proving any breach of t&c and the really sad part is that people in this community are really blaming the OP and accusing him of unfair play , simply because he is a winner sportsbettor and sharp enough to beat the BetBy provider.
The casino of course is not going to pay but it's alright because the OP 's thread point was mainly to alert rest users and be sure , that the sportbettors that are able to find an edge using most sportsbooks are alerted for the scammy ways and biased interpretation of the terms and conditions by the casino that in short is :
"No matter what you bet on , if you are winnings and if WE consider that you are actively using some kind of betting tactic (that we can't name of course because we don't have to prove anything to any court law or regulator) then we deem you guilty of breaching our terms and conditions and will confiscate all your winnings"
And fellow bettors/gamblers here are taking their side.
Truly sad in my opinion.
No matter what you