patespates
patespates
Joined: Aug 10, 2010
  • Threads: 1
  • Posts: 3
August 10th, 2010 at 7:54:54 AM permalink
I got a paper mailer from Betus.com and it offers a 60% deposit bonus and 60% reload bonus.

I attempted to read the terms and conditions but they were very long and difficult to understand.

60% bonus for sports betting sounds like a great deal. I might not be a good enough sports better to overcome a house disadvantage but I am certainly good enough to win with a 60% bonus.

Has anyone done this promotion? How does the bonus work? How does the reload work? Are there hidden conditions? Does this site pay out?

I have heard some bad reviews of this site but very little specific instances. Prompt payment is nice but I am more concerned with simply getting paid. If I have to wait a bit that doesn't bother me.

Should I use this site? I am thankful for any help you can give!
RictorRockets
RictorRockets
Joined: Jul 30, 2010
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  • Posts: 9
August 10th, 2010 at 12:47:19 PM permalink
Hmmm..well..I only went with BetUS.com because the Golden Touch people recommended them. Their site is very nice and easy to use, and the staff is friendly...I never played with the long enough to get a sense of if they were particularly bad or not, past the whole idea that the whole online casino industry seems rather crooked to me. I really take a dim view that I can't get my money back at any time I want without giving up my winnings if I don't hit a certain play through limit. And that they add the bonuses INTO the playthrough limit, even though it's not "real" money per se.

So yeah, I guess I'm a bit soured on the entire industry...but I never found BetUS to be particularly bad. I would definitely get multiple opinions on that though.
ElCapitan
ElCapitan
Joined: Aug 10, 2010
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August 10th, 2010 at 2:58:14 PM permalink
Allow me to help you out here as I have used them several times over the past few years (along with other online sports books). There are a few things to understand:

  • The bonus will be given to you in Free Play money - meaning you will bet it just like cash but it does not translate into free cash. If you win, only the winnings are deposited in your cash balance. Let me explain. Let's say you deposit $500 and they give you 60% bonus. Your account will look like $500 cash and $300 free play. So you make a Free Play bet at -110 and you win. Your free play balance goes down to $190 (minus the amount you risked) but your cash balance would go up to $600 (plus the amount you won). If you lose, obviously just your FP balance would decrease. So you basically can do this until your Free Play is gone and you only have a cash balance left.
  • All monies will have an associated rollover requirement with them before you can withdraw, usually between 6-10X, depending on what you negotiate. This is an "amount wagered" requirement. So if you deposit $500, they give you $300 in free play and you must meet a 6X rollover that means you must WAGER (not win or lose) $4800 before you can withdraw money otherwise you usually forfeit the bonus. They have all kinds of requirements on what counts and what doesn't toward this rollover, like baseball only counts half, so it's best to establish that with a rep up front so you don't end up having a 20X rollover just because you like to bet MLB.
  • Betus has now implemented a wait time policy to go along with the roll over requirement. I believe it is 60 days now before you can make a withdrawal.
  • Their odds suck. There are tons of other online sportsbooks that offer much better odds.
  • In the past they were slow playing customers but I believe that has been resolved. If you do request a payout, however, they will make you fax in documents and try to drag it out as possible in the hopes that you keep betting and lose. They will pay you eventually if you are persistent.
  • Their fees for withdrawing can be pretty high especially if you are a small bettor.


They do have some pluses, though:

  • It's pretty easy to deposit there, especially if you are in the US. They accept all major CCs and usually can get them to go through no problem.
  • You can bet on just about anything
  • They have many, many different kind of bets
  • Their site is easy to use and understand


I'd recommend you check out some others first thought before you commit. You may not get a 60% bonus but the rollover requirements usually aren't so steep and the odds will be better.

BetPhoenix.com
BetJam.com
RebateWager.com
Matchbook.com

Are all ones I have used. There are many others. If you are just into placing straight wagers (sides/totals) you really will not beat Matchbook in terms of odds because it is a betting exchange. The downside is that the interface can be a bit confusing and you have to pay a bit of attention, especially if you are making offers.

Hope that helped!
ElCapitan
ElCapitan
Joined: Aug 10, 2010
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August 10th, 2010 at 2:59:32 PM permalink
Oh yeah, if you decide to use Betus, talk with a rep online and ask what they can give you. Don't just sign up and deposit. Always talk to someone.
patespates
patespates
Joined: Aug 10, 2010
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  • Posts: 3
August 11th, 2010 at 7:45:05 AM permalink
Thanks for the help. I will call them to get some more specifics. I only bet NCAA and NFL football on sides and totals so this still might work well for me but I will certainly ask.
Caffiend
Caffiend
Joined: Aug 3, 2010
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August 15th, 2010 at 12:12:32 PM permalink
Quote: patespates

Has anyone done this promotion? How does the bonus work? How does the reload work? Are there hidden conditions? Does this site pay out?



SBR rates them a C, and lists several complaints about hidden or vague conditions. Most seriously, they're unclear on which bets count towards rollover requirements.

Less serious, but very irritating they've been known to collar people for non-recreational play with high rollover remaining. ie, limiting someone to $100 bets with $45,542 rollover left or a $50 limit with $97,740 left.
Caffiend
Caffiend
Joined: Aug 3, 2010
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  • Posts: 27
August 15th, 2010 at 12:17:29 PM permalink
Quote: patespates

Thanks for the help. I will call them to get some more specifics. I only bet NCAA and NFL football on sides and totals so this still might work well for me but I will certainly ask.



Correlated bets won't count towards your rollover, so make sure you're only one one side per game. You might consider not betting a side and total on the same game to be on the safe side.
petro
petro
Joined: Dec 6, 2010
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  • Posts: 99
February 4th, 2011 at 4:07:32 AM permalink
BetUS is a well known semi-rouge casino.
See; http://forum.sbrforum.com/sportsbooks-industry/625831-betus-warning-video.html
It's not only this guy but almost all casio mediators have had serious problems with BetUS.

I would avoid this casino and move to greener pastures. :)
JIMMYFOCKER
JIMMYFOCKER
Joined: Jan 24, 2011
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  • Posts: 540
February 4th, 2011 at 5:25:55 AM permalink
Stay away, known scam artists.
Switch
Switch
Joined: Apr 29, 2010
  • Threads: 12
  • Posts: 934
February 4th, 2011 at 6:40:17 AM permalink
Despite trying to contact them with no avail, they have blatantly taken proprietary games, such as 'Blackjack Switch', and installed them on their site without any contact to the inventor or offering any sort of payment for taking the games.

My view is that if they are unwilling to pay a fair price and resort to stealing proprietary games then how safe is the money that you deposit ?

I wouldn't even deposit $1 with a 10,000% bonus with this type of organisation. In my opinion, it's this type of business etiquette, rife in online gaming, that causes so many delays and problems for legalising online gaming in the US.

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