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I was just looking into posting up with a new sportsbook, and it occurred to me to check for a "wiseguy" policy. I'm no syndicate, but do play sportily and sometimes have followers (unintentionally). If I see the lines moving on a game I already liked, I'll jump into the fray as quickly as possible. So I could easily be accused (wrongly) of being a "wiseguy".
Problem is, some sportsbooks have a policy that allows them to void any winning bets if they believe they can invoke their wiseguy clause. Players beware!
Here is a good and a bad example that I've just run across:
First, the bad example from MVP:
"11. What is your policy on syndicate plays?
As an industry leader in offshore wagering, MVP Sportsbook strictly prohibits wagering by professional gambling syndicates and syndicate agents. Any person with a connection or affiliation to such organizations is subject to having all wagers voided and accounts closed. "
. . . and then the "good" example from Royal:
"Wise Guy Policy
Royal Sports has a perfect reputation for payouts. If we book it, and it wins, we pay. Occasionally we sign up "wise guys" and "syndicate" players. These types of accounts will indeed experience different treatment. They may be placed on lower limits as an example. Please note, Royal has several wise guys already with established accounts. For all new players who emulate this style of play, it must be understood that:
Lower limits will be applied.
Online - All lines are refreshed on the Web page as the line(s) are adjusted. Once you have submitted a bet your line(s) will be confirmed to you on your confirmation page.
Phone wagers - We accept wagers from these types of accounts one at a time. We will always give the first caller a chance at a rapidly moving number, but the next call will have to wait for a line adjustment.
As long as this is understood by the players who fit this profile, and they agree to work within our framework, we will gladly accept their wagers.
If this is not acceptable, Royal Sports will promptly return all funds, less any bonus that has not met the normal bonus criteria. See the Royal Sports Bonus Policy for reference."
Problem is, some sportsbooks have a policy that allows them to void any winning bets if they believe they can invoke their wiseguy clause. Players beware!
Here is a good and a bad example that I've just run across:
First, the bad example from MVP:
"11. What is your policy on syndicate plays?
As an industry leader in offshore wagering, MVP Sportsbook strictly prohibits wagering by professional gambling syndicates and syndicate agents. Any person with a connection or affiliation to such organizations is subject to having all wagers voided and accounts closed. "
. . . and then the "good" example from Royal:
"Wise Guy Policy
Royal Sports has a perfect reputation for payouts. If we book it, and it wins, we pay. Occasionally we sign up "wise guys" and "syndicate" players. These types of accounts will indeed experience different treatment. They may be placed on lower limits as an example. Please note, Royal has several wise guys already with established accounts. For all new players who emulate this style of play, it must be understood that:
Lower limits will be applied.
Online - All lines are refreshed on the Web page as the line(s) are adjusted. Once you have submitted a bet your line(s) will be confirmed to you on your confirmation page.
Phone wagers - We accept wagers from these types of accounts one at a time. We will always give the first caller a chance at a rapidly moving number, but the next call will have to wait for a line adjustment.
As long as this is understood by the players who fit this profile, and they agree to work within our framework, we will gladly accept their wagers.
If this is not acceptable, Royal Sports will promptly return all funds, less any bonus that has not met the normal bonus criteria. See the Royal Sports Bonus Policy for reference."
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