Betonline Sportsbetting Ag
SBR has exclusively obtained the following release from BetOnline.com management:
BetOnline.ag Investors Acquire Majority Ownership of SportsBetting.ag
BetOnline.ag provides you the best sportsbook betting experience on your mobile devices. BetOnline (SBR rating B+) has acquired majority ownership of Sportsbetting.ag (SBR rating D). BetOnline management tells SBR that with the move will come significant upgrades for Sportsbetting.ag. Limits for sports and individual players are subject to change at BetOnline management's discretion. Important New Feature: Once a specific limit has been reached, it can re-bet every time the odds move and/or every 61 seconds. Bet on sports with the most established online sportsbook in the industry providing you with speedy payouts and solid customer service.
PANAMA CITY, PANAMA — A group of investors, consisting of shareholders from BetOnline.ag, are excited to announce a sizeable investment into online gaming site SportsBetting.ag.
With the transition come significant improvements to the SportsBetting.ag brand; including bigger bonuses, faster software, better odds and most importantly – reliable payouts.
Betonline.ag Sportsbook
A representative from SportsBetting.ag touched upon the upgrades:
“The investors decided that if they were going to take over majority ownership, the site needed to be upgraded to ensure improved customer satisfaction. Instead of providing reload bonuses only on Thursdays, our members will now earn deposit bonuses every day of the week.”
The extra value doesn’t end with bigger bonuses; SportsBetting.ag members will experience better betting value as well. The SportsBetting.ag representative continued:
“Additionally, our players will have access to much improved betting value. At the old SportsBetting.ag, MLB dime lines didn’t exist. At the new and improved SportsBetting.ag, not only will they now get dime lines, but they’ll get the best dime lines in the business – all the way out to -199.”
Most importantly, the new investment team is committed to get SportsBetting.ag winners paid in a more expedited manner.
'The new shareholders unconditionally guarantee past and future payouts from SportsBetting.ag,” the rep stated. “However, since there is a sizeable backlog of pending payouts, they need to be run through various fraud checks, prioritized and fulfilled. Once the backlog is complete, clients will experience drastically improved payouts thanks in part to upgraded payment options, including same day options.”
SportsBetting.ag will continue to be a standalone brand offering sports wagering, horse betting, digital casino, poker and live casino. Backend services will be supplied by BetOnline.ag, ASI, DGS and other well known software and backoffice service providers.
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Update Sunday, 10:50pm EST on 10/18/20 – SportsBetting.ag and BetOnline.ag are both up and running. Customers report being able to log-in and wager.
It is a good idea to have more than one sportsbook account for several reasons, one of which is for unforeseen circumstances like this. Shop sportsbooks now
We will continue to update this page with any developments on this matter. Please feel free to bookmark this page. Press Control+D to bookmark
Below you can see the previous updates and news as it unfolded.
Update Sunday, 1:50pm EST on 10/18/20 – BetOnline website appears to be up and running. Customers are able to log in and wager. Sportsbetting.ag is still offline.
Update Sunday, 10/18/20 at 12 NOON EST – The BetOnline and SportsBetting websites are still down. A Tweet they just posted says that they expect to be back later today. Many people are wondering what will happen to the contests this week. Some people were able to get their picks in while others were not. We have not had a direct response from BetOnline on the matter but word on the street is that this week will be a wash, meaning that no picks will count for the contests this week. But, any non-contest bets already placed will be graded and awarded or deducted accordingly.
Betonline Sports Betting Against
This is no doubt a catastrophe for one of the internet’s top U.S. facing online sportsbooks. There is no telling how much this weekend’s lost action will cost them in the end. They didn’t and shouldn’t pay the hacker’s ransom demands because that cannot guarantee they won’t attack again and it also encourages other would-be attackers.
UPDATE: Saturday, 10/17/20 at 9:05pm EST – BetOnline now has a message on their homepage which describes the situation & states that they are under “an aggressive cyber attack”. Click to see screen shot. Sister sportsbook SportsBetting.ag is also affected by this same cyber attack.
It is important to understand that customer data & funds are secure. This is a DDoS attack in which the perpetrator floods the websites with so much fake traffic that it overwhelms the servers. More on DDoS attacks
UPDATE: Friday, 10/16/20 at 2:14 PM – BetOnline has confirmed they are down because of cyber attack. Here is the message they just sent out to customers: “Valued customers, we are offline due to an aggressive cyber attack. We’re taking every measure to resolve the issue and we will be fully operational again as soon as possible.”.
Original: Friday, 10/16/20 at 1:01 PM – The very popular online sportsbook BetOnline.ag has been down all day today 10/16/20. The people at BetOnline are aware of the issue and are working to restore the site.
The error message people are getting has alternated between a BetOnline page with a computer generated error message stating that the Cloudflare connection is working and that the server is returning an error and another message which simply states “You do not have permission to view this directory or page.”.
It should be noted that there were a string of outages with BetOnline a couple of years ago due to a DDoS attack. There is no confirmation if this is what is happening here. BetOnline does employ Cloudflare, a company which specializes in preventing these sorts of attacks. Coincidentally (or not) Cloudflare just sent this message to all of its clients this afternoon.
Latest Tweets from BetOnline on the Situation
UPDATE: We are now LIVE with most services and expect to be 100% very soon. Thank you for your patience and we truly value your business.
Betonline Sportsbetting Ag
— BetOnline.ag (@betonline_ag) October 18, 2020
UPDATE: We made significant progress overnight and expect to be live with most services today.
— BetOnline.ag (@betonline_ag) October 18, 2020
We are happy to update the following commonly asked questions:
1. All player balances and funds are 100% safe and secure
2. All pending wagers are still valid
We are rapidly working on an overall solution and hope to have one for you ASAP.
Thank you again for your patience.
— BetOnline.ag (@betonline_ag) October 18, 2020
UPDATE: We have made significant progress over the last 24 hours, and we hope to be able to provide a more concrete timeline for reopening soon. We will continue to provide updates as we work diligently to restore services. Thank you for your continued patience.
— BetOnline.ag (@betonline_ag) October 17, 2020
We are currently experiencing technical difficulties. Please accept our apologies for the inconvenience, we hope to have the service fully restored soon. Thank you for your continued patience and understanding.
— BetOnline.ag (@betonline_ag) October 16, 2020