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Okay, two things:
One, I am in agreement that it should not be considered as Value betting, it's hedging. You're placing bets against your own bets" to reduce your potential loss. However, two things still stands: one, the one labelling as value betting is the provider, betby. And, two, unfortunately I think it's still a possible breach of their ToS, perhaps even after they do their own risk assessment [betpanda have their second risk assessment team, separate from the one from Betby], as they have a very broad term of advantage play. And hedging, naturally, "designed to circumvent the standard house edge."
Whether or not it's a breach and a circumvention of standard HE, it depends on many factors that I think I'll need to dive deep. However, it bring us to point number two, from your post in other thread,
As you have your own idea to approach this case, I'll humbly withdraw myself from communicating your situation with my contact and remove your case from our discussion. Good luck.
[...]
The accusation of arbitrage betting refers to the following:
I put $1000 on Joshua Van at +102.
Immediately before the fight, I took $200 on Brandon Royal at -102 to reduce my bet size to $800.
During round 2 of the extremely volatile fight, I placed an additional $100 on Brandon Royval to further reduce my risk as it seemed like anything could happen.
I'm not sure how this justifies stealing over $4500 from me. Hedging your bets is a totally reasonable thing to do, especially when you bet a sport with huge momentum swings like MMA.
The accusation of arbitrage betting refers to the following:
I put $1000 on Joshua Van at +102.
Immediately before the fight, I took $200 on Brandon Royal at -102 to reduce my bet size to $800.
During round 2 of the extremely volatile fight, I placed an additional $100 on Brandon Royval to further reduce my risk as it seemed like anything could happen.
I'm not sure how this justifies stealing over $4500 from me. Hedging your bets is a totally reasonable thing to do, especially when you bet a sport with huge momentum swings like MMA.
One, I am in agreement that it should not be considered as Value betting, it's hedging. You're placing bets against your own bets" to reduce your potential loss. However, two things still stands: one, the one labelling as value betting is the provider, betby. And, two, unfortunately I think it's still a possible breach of their ToS, perhaps even after they do their own risk assessment [betpanda have their second risk assessment team, separate from the one from Betby], as they have a very broad term of advantage play. And hedging, naturally, "designed to circumvent the standard house edge."
Whether or not it's a breach and a circumvention of standard HE, it depends on many factors that I think I'll need to dive deep. However, it bring us to point number two, from your post in other thread,
I think we can fight them back I have a few ideas. Please anyone DM me if you've had your winnings confiscated by Betpanda.
As you have your own idea to approach this case, I'll humbly withdraw myself from communicating your situation with my contact and remove your case from our discussion. Good luck.
Would you please ask them to return my initial deposit as well? 0.9 eth
Re: Betpanda.io Scam -Sent KYC Documents, Account Permanently Closed, 0 response
Hello all,
Please allow us to elaborate on why the account was closed.
The account was flagged to us by our Sportsbook provider Betby for suspicious betting activity. This was reviewed, and the user was found to be in the breach of our Terms and Conditions, in particular the following clause:
5. ANTI-FRAUD POLICY
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.
Hence, as per the above, the account was closed.
We also believe that our Security team has been in touch with you regarding the matter.
Do let us know if you have any further questions.
Please allow us to elaborate on why the account was closed.
The account was flagged to us by our Sportsbook provider Betby for suspicious betting activity. This was reviewed, and the user was found to be in the breach of our Terms and Conditions, in particular the following clause:
5. ANTI-FRAUD POLICY
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.
Hence, as per the above, the account was closed.
We also believe that our Security team has been in touch with you regarding the matter.
Do let us know if you have any further questions.
For reference, I was banned for value betting (betting where I think the chances of winning are higher than the odds indicate) and hedging a bet. Basically, they don't like winners and will steal your money.
Re: BETPANDA scammed me for over 3000$, ignored for 7 months
$3000 is a lot of money i think betpanda should respond.
Betpanda aren't going to respond they've ripped off thousands of people in the same way. Suggest complaining to Betby's CCO personally: c.nikolopoulos@betby.com
You guys will be delighted to find out that Betpanda are paying for Google ads using the money they've stolen from winning customers. Incredible.
I hope they come to some sort of conclusion soon in order for the OP to move forward.
After it is resolved, if anything I certainly hope they realise they should at the very least address all of the complaints made against them because the forum members are reading the threads and their opinions are formed by what they read. If Betpanda (or any casino) ignore complaints they are risking their reputation and that should be enough to make any legitimate casino/gaming site concerned.
After it is resolved, if anything I certainly hope they realise they should at the very least address all of the complaints made against them because the forum members are reading the threads and their opinions are formed by what they read. If Betpanda (or any casino) ignore complaints they are risking their reputation and that should be enough to make any legitimate casino/gaming site concerned.
Still trying here. I'll appreciate if we can have a little bit more patience as me and my contacts trying to get a verdict.
Betpanda don't care about their reputation their entire business model is to scam as much money as possible before they get shut down.
Send an email to Betby (the odds provider for Betpanda) CCO and explain what has happened. If enough people contact him with their real experiences he'll have to take notice:
c.nikolopoulos@betby.com
c.nikolopoulos@betby.com
What I did is absolutely value betting. I saw odds where I thought the chances of winning were higher than the numbers given by the casino and I bet them.
Nowhere in the terms of conditions does it say that value betting is against the rules, and if they were to explicitly say that they would look fucking ridiculous to any semi-competent sports bettor looking to sign up to a new site.
The terms are deliberately vague so they can just steal from people - that is the problem.
At any normal sports book value betting and hedging might get you flagged as a sharp bettor and limited, but it would never result in a confiscation of funds. This is just a blatant robbery.
Nowhere in the terms of conditions does it say that value betting is against the rules, and if they were to explicitly say that they would look fucking ridiculous to any semi-competent sports bettor looking to sign up to a new site.
The terms are deliberately vague so they can just steal from people - that is the problem.
At any normal sports book value betting and hedging might get you flagged as a sharp bettor and limited, but it would never result in a confiscation of funds. This is just a blatant robbery.
Essentially, the justification for stealing a huge amount of money came down to:
1. Betting where I believe the chances of victory are higher than the odds imply
2. Hedging a bet
Does that make any rational sense?
1. Betting where I believe the chances of victory are higher than the odds imply
2. Hedging a bet
Does that make any rational sense?
Got a new response:
"Hi,
Hello,
We are getting back to you regarding the complaint which we received on xx th of July, 2025 regarding your account closure.
After investigating the matter, we can see that the closure is in line with our Terms and Conditions, as is the confiscation of the funds on the account.
We don't have any obligation to divulge more detailed information under these circumstances, but for the sake of clarity and as a gesture of goodwill, please find the breached clause below:
5. ANTI-FRAUD POLICY
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.
As you can see, the betting techniques which you used breach the above and as a result, the funds were retained. Regardless of whether the bet(s) won or lost or who the games were recommended by or any details such as this does not matter, when and how the bets were placed does.
Please note that all investigations of this nature are initiated and carried out by our Sportsbook provider, not by us. They inform us of the outcome and then action is taken as per our Terms and Conditions as deemed appropriate.
In this instance, what raised the suspicions of our Sportsbook provider were value bets which also strongly indicated arbitrage betting. You are of course welcome to contact the provider Betby to contest the outcomes of their investigation if you wish.
If you have any further questions, we are happy to answer them, but the decision on the matter is final.
Best regards,
Betpanda Disputes Team"
Apparently value betting is not allowed at Betpanda and can get your funds stolen. INSANE. The only way to actually win long term is to place value bets, so Betpanda are saying that winning isn't allowed.
The accusation of arbitrage betting refers to the following:
I put $1000 on Joshua Van at +102.
Immediately before the fight, I took $200 on Brandon Royal at -102 to reduce my bet size to $800.
During round 2 of the extremely volatile fight, I placed an additional $100 on Brandon Royval to further reduce my risk as it seemed like anything could happen.
I'm not sure how this justifies stealing over $4500 from me. Hedging your bets is a totally reasonable thing to do, especially when you bet a sport with huge momentum swings like MMA.
"Hi,
Hello,
We are getting back to you regarding the complaint which we received on xx th of July, 2025 regarding your account closure.
After investigating the matter, we can see that the closure is in line with our Terms and Conditions, as is the confiscation of the funds on the account.
We don't have any obligation to divulge more detailed information under these circumstances, but for the sake of clarity and as a gesture of goodwill, please find the breached clause below:
5. ANTI-FRAUD POLICY
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.
As you can see, the betting techniques which you used breach the above and as a result, the funds were retained. Regardless of whether the bet(s) won or lost or who the games were recommended by or any details such as this does not matter, when and how the bets were placed does.
Please note that all investigations of this nature are initiated and carried out by our Sportsbook provider, not by us. They inform us of the outcome and then action is taken as per our Terms and Conditions as deemed appropriate.
In this instance, what raised the suspicions of our Sportsbook provider were value bets which also strongly indicated arbitrage betting. You are of course welcome to contact the provider Betby to contest the outcomes of their investigation if you wish.
If you have any further questions, we are happy to answer them, but the decision on the matter is final.
Best regards,
Betpanda Disputes Team"
Apparently value betting is not allowed at Betpanda and can get your funds stolen. INSANE. The only way to actually win long term is to place value bets, so Betpanda are saying that winning isn't allowed.
The accusation of arbitrage betting refers to the following:
I put $1000 on Joshua Van at +102.
Immediately before the fight, I took $200 on Brandon Royal at -102 to reduce my bet size to $800.
During round 2 of the extremely volatile fight, I placed an additional $100 on Brandon Royval to further reduce my risk as it seemed like anything could happen.
I'm not sure how this justifies stealing over $4500 from me. Hedging your bets is a totally reasonable thing to do, especially when you bet a sport with huge momentum swings like MMA.
Yeah betpanda isnt gonna do anything about it.
I think we can fight them back I have a few ideas. Please anyone DM me if you've had your winnings confiscated by Betpanda.
At the moment it seems we have no idea what Betpanda are implying because you have not received a response citing a specific reason for blocking your account withdrawal.
Regarding the possible suspicious betting pattern, keep that aside for a moment and concentrate on other aspects of possible breach of the rules such as using a VPN or having multiple accounts from the same IP address.
Regarding the possible suspicious betting pattern, keep that aside for a moment and concentrate on other aspects of possible breach of the rules such as using a VPN or having multiple accounts from the same IP address.
Jolly, I get your point. Please tell how I can have a suspicious betting pattern after placing only 4 bets on a tennis match. I didn't even know about betpanda until i saw their advert the same day i registered with them.
Are they implying that I have fixed an ITF men's double tennis match being played in Japan with 4 japanese players and I only placed 100-150$ bets and just won 350$ out of it? How ridiclous this whole thing is mind baffling. They just stole my 400$ and they dont even bother replying.
Are they implying that I have fixed an ITF men's double tennis match being played in Japan with 4 japanese players and I only placed 100-150$ bets and just won 350$ out of it? How ridiclous this whole thing is mind baffling. They just stole my 400$ and they dont even bother replying.
Betpanda don't provide specific reasons for blocking accounts, that's the entire problem.
I actually bought the domain betpandascam.io, it could be a good place to publish reports then we can start applying pressure on all the sites that link to them to sever ties - this will crash their SEO rankings.
At this point, i wouldn't be surprised to see them just exit-scam and close the site down, betnomi style.
Given their amazing feedback lately in here. In just the first page alone are 5 cases. I'm sure if we dig more pages we will find more.
Big scam.
Given their amazing feedback lately in here. In just the first page alone are 5 cases. I'm sure if we dig more pages we will find more.
Big scam.
This is what I think they're planning. You can't have a sustainable long-term business by simply ripping off anyone who wins - the negative backlash will be too much.
Already read it buddy, absolutely disgraceful on them.
Still waiting for that PM with details so my contacts on both casinos can look further. If you can shoot me that PM anytime today, I can escalate it to my contact and hopefully will get an answer by tomorrow [I believe they're already off-hour].
my userid at bcgame is 79134869 no idea what my id is at betpanda since i'm banned
good luck OP.. if you want to read my same problem with this bookamker, good reading here
Already read it buddy, absolutely disgraceful on them.