Quote from: holydarkness on July 16, 2025, 05:53:20 PM

Okay, two things:

Quote from: jacklk85 on July 16, 2025, 12:29:51 PM

[...]
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,

Quote from: jacklk85 on July 16, 2025, 11:44:09 AM

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

jacklk85

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