Betus Payouts
Sports betting payouts depend on which type of odds are being used.
Betanysports Sportsbook and Casino offers players a unique online gaming experience with sports betting, online casino gaming, online poker room, a full racebook, skill gaming and lottery room. Players are rewarded for their play with valuable promotional offers. I upload my info and requested payout at Betus 1-09-12. They've emailed me stated it will take 3 weeks for me to get my card. I've called to check or track my payout and I was told it's delay.
- BetUS offers so-called proposition wagers on current events, celebrities, reality TV and politics. It made headlines by offering odds on the effects of global warming and whether the world will end on 06/06/06.
- Betus dont want to know and will not pay me back my money. Even when I offered to return the free bonus out of my own money, they still wont relent. BEWARE this is a scam which is running with SPORTS BETTING CHAMP who suckers you in with assurance of 90% to 95% wins, which in reality are useless.
The important thing to note about payouts is that they often include the amount of money you put in. If you bet $170 on the Cowboys to win at -170 odds, the payout is $270. However, the profit, or amount of money you win, is $100.
Odds can refer to moneyline, spread and total bets, and they can be displayed as American, British (fractional) or European (decimal). While odds look different, they mean the same thing.
American Odds
Most sportsbooks in the United States use American Odds. The main signifiers of American odds is that they either have a plus (+) or minus (-) in front of them and are in terms of 100.
Understanding plus (+) and minus (-) odds is the most important thing before learning about American odds.
Plus and Minus Odds
The plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds. In terms of the spread, the ' - ' always refers to the favorite and the ' + ' always refers to the underdog. For example, you can bet the Dallas Cowboys as a -7 point favorite or the Green Bay Packers as a +7 point underdog. If you bet the Cowboys -7 and they win by more than seven points, you win your bet. Similarly, if you bet the Packers +7 and they lose by less than seven points or win outright, you win your bet.
It's a similar case for the betting odds, though favorites don't always have a ' - ,' especially in sports like baseball, hockey or soccer where final results are often decided by one run or one goal. It's especially the case in soccer since matches can end in draws, whereas a winner is declared in almost every other sport because of overtime rules. However, in most cases, the favorite will have a ' - ' in front of its moneyline odds while the underdog will always have a ' + .'
For an example of moneyline betting odds, you can bet the Eagles as a -150 favorite to win or the Giants as a +180 underdog to win. If you bet $100 on the Eagles to win at -150, you would net a payout of $166.70. If you bet on the Giants to win at +180, the payout would be $280 because they are an underdog.
For something like soccer, Arsenal could be a +150 favorite against Everton as a +190 underdog, while the draw would be set at +220. In this case, the payout would be decent for every situation mainly because the teams are even and there are three possible results compared to just two for something like football (unless they go scoreless in overtime). In this case where both teams have a ' + ' in front of their odds, the team with the lower number is the favorite. The lower number also means a lower payout, which is always the case for betting the favorite on the moneyline. A $100 bet on Arsenal +150 would net $250, while a $100 bet on Everton +190 would net $290. Going further, a $100 bet on the draw at +220 would payout $320.
Moneyline Bets
A moneyline bet is on the straight-up winner of a game.
Moneyline bets are as straightforward as it gets in sports betting. You're betting on which side will win an event and if that side wins, you win.
Spread Bets
A spread bet is on the forecasted point differential between two teams. A minus (-) indicates the favorite and a plus (+) is the underdog.
In each bet, a push is also possible if the Lakers win by exactly seven points. That would mean each side gets their money back.
As for the odds, the most common number for spread bets is -110, but that number varies depending on the location, sportsbook and how popular each side is. The typical number is -110, which means you have to bet $110 to win $100. However, there are states where odds are worse in order to get the state more money such as -115 or -120. This is also called the vig, which is the amount the sportsbook charges per bet.
If two teams are equal, PK will be given alongside a team name which means the matchup is considered a 'pick 'em.' In this case, point spread doesn't matter as this boils down to a moneyline bet and a tie would get your money back.
Over/under (total) Bets
An over/under bet applies to the score or points in a given contest.
The below over/under table is for the Dallas Cowboys and New York Giants game.
Similar to a spread bet, if the Cowboys and Giants combine for exactly 49 points, it's a push and each side get their money back. Also similar to spread bets is that the odds can vary.
Decimal Odds (British)
Decimal odds are most popular in Australia, Canada, Europe and New Zealand. These odds may be the easiest of the three to understand just by looking at the numbers.
The team with the higher of the two numbers (3.10) is the underdog and the team with the lower of the numbers (1.50) is the favorite. The return can be calculated by multiplying the bet with the the decimal odds.
Fractional Odds (European)
Fractional odds are most popular in the United Kingdom and Ireland, and are often the choice for horse racing. Also, a lot of sportsbooks in the United States will use fractional odds for futures odds.
Example odds to win the Super Bowl:
Similar to decimal odds, the return can be determined by multiplying the odds and the bet. Above, 100 times 2.5 (5/2) equals 250. In horse racing, odds will dip to something like 3/5 or 5/7 which usually means that horse is a big favorite. A 3/5 favorite is equal to -167 in American odds and 1.6 in decimal odds.
Update (September 2020) – We are pleased to report that BetUS has undergone a total relaunch since we reported the issues outlined on this page.
The old team has been kicked to the curb, with new management and new investors in place to breathe new life into the brand. BetUS may have been established in 1994, but it’s most certainly a new beginning for the online sportsbook. Everyone involved is determined to build a new reputation. We aren’t quite sold on the bold claim of BetUS being “America’s Favorite Sportsbook”, but we are excited about the revised platform.
Read our BetUS review to discover why we now consider this sportsbook a premier destination for US bettors.
BetUS has a notorious history in the offshore industry and has taken players for hundreds of thousands of dollars at minimum since their inception in 1994. The book has a terrible reputation with US-based online sports bettors and has been one of the major offshore targets for their vitriol in the last decade plus.
In this article, we go over just some of the scams and tactics used by BetUS’s management over the years. There have been so many problems and complaints regarding this sportsbook that we could write three separate articles on their poor business practices and deception.
From reneging on bonus offers, changing terms and conditions on the fly and confiscating winnings from players with little explanation – this book is truly shameless.
Enticing Bonus and Website
We almost feel like a broken record when writing about these scam sportsbook articles, because we keep warning players about the same things over and again.
Like we’ve said about other scam sportsbooks in the past, appearances can be deceiving. BetUS has one of the nicest looking websites which offers a sleek and professional look[1] Their betting engine is excellent, and they have a large array of betting options, including live betting and mobile wagering.
On top of all that, they offer a litany of different deposit bonuses based on the amount players wish to deposit. The bonuses could go as high as $5,000 depending on how much a player makes with his first deposit.
But, BetUS does not stop there. They offer frequent reloads and VIP membership rewards program, as well.
Wow, it sure sounds like we’re shilling out BetUS to sports bettors, but that could not be further from the truth. BetUS touts to their players that they have the “the biggest bonuses in the business” which may be true, at least on paper.
However, players that win will realize they will have a hard time collecting their money from BetUS. All these bonus amounts and promotions do not cost the book anything unless they actually have to pay. Something that BetUS seems to pride itself in not doing.
Avoid scams & view our selection of
The Best US Sportsbooks.
Last updated: February 2021
Even A Scam In The Heyday
Many online betting sites that were once industry leaders in the early to mid 2000s are now closed, and some have run off with player funds. Don’t get us wrong, there are still many active in the industry, but the UIGEA and the US DOJ’s crackdown on online sports betting seriously hurt the business.
Before the UIGEA passage in 2006, the online gambling world was growing at an exponential rate and online sportsbooks had been taking in hundreds of millions of bets each year. Oddsmakers who played it safe and understood the industry has a much better chance of being successful back then compared to today. That’s not to say that there were not still excellent options for US players now, but they were much better 10 years ago.
Even back then, circa 2004, BetUS was known as a scam sportsbook with a poor reputation. SBR first began reporting on BetUS in 2002 and had complaints of the book slow playing players. Even in this time of quick and simple payment processing for US players, (Neteller, other e-wallets) BetUS was regularly weeks or months late with withdrawal requests to players.
This news article on The RX details a situation where a player had $25,000 in funds in limbo with BetUS and had to settle for a deal for 2/3rds of his balance out of fear of losing the whole thing.[2] It also goes into the history behind BetUS and the two brothers that were once a part of NASA Sports but now both ran separate sportsbooks. One went on to run BetUS and the other BetOnSports.
The article did not have much nice to say in regards to the two Rizzo brothers, Joey and Tommy.
An anonymous sportsbook owner stated, ‘In this business, your word is your bond, if you say you are going to do something, you do it. THESE guys did not honor their word with me. After that, I wanted nothing more to do with them. The last thing I wanted was to have someone accidentally affiliate myself or my company with them.’
Players were forced to forfeit some of their winnings due to supposed non-recreational play and winning too much from bonuses or free plays – even though there were no restrictions on how much they could win via their bonus. Management also accused players of syndicate play or non-leisure play, another charge that came with almost no evidence.
Bettors were forced to negotiate for their fairly won balance with BetUS – because if they did not – they risked getting stiffed for the amount, even their original deposits. Players settled for substantially fewer amounts than they were entitled to receive. One player reportedly settled for $40,000 despite being owed a small six figure sum.
Scam Copycat Site
BetUS once owned and operated a domain at “bestsportsbookreview.com” which was designed to be a Sportsbook Review knockoff site. The site, not so shockingly, heavily promoted BetUS and picked them as their top recommended bookmaker.
The site was run directly from the sportsbook themselves and had a fake affiliate or advertiser as a cover up to their true intentions. This is a disgusting way to do business and without a doubt misled thousands of players into depositing at BetUS.
More Problems and One Dastardly Scam
In the next several years, forums and watchdog sites were full of complaints from players who had funds suck at BetUS or felt the wrath of management. This included altering bets after the wagers had been settled, voiding bonuses and winnings from bonuses and much more.
However, there was one tactic pulled by BetUS that might be the worst display of behavior we’ve ever seen from a rogue online sportsbook.
This story broke via SBR, and there was a lengthy discussion at Covers Forum in regards to BetUS’ scam[3][4]. A handicapper named John Morrison, the man behind the “John Morrison Chase Betting System” was working with BetUS.com to scam players. We assume the two had a lucrative affiliate type deal where Morrison received a large percentage of the players’ losses to BetUS.
Referring players to an online sportsbook for a percentage of the profits is perfectly respectable and how many webmasters make their living today. But, if that was all John Morrison and BetUS we would not be talking about them.
Things took a turn for the worse when players discovered that BetUS was offering alternate lines to John Morrison referred clients. For instance, if Morrison’s service pick was New York +7, BetUS would offer a line of +5 or +5.5 to those were referred by Morrison.
SBR verified that the alternate lines were only on picks that were released by Morrison’s service and always hurt the players that followed and paid for the picks. Because of BetUS’s line movement in relation to this play, bettors were being charged an effective price of -140 for their wagers as they were at least 1.5 points off the market price.
This despicable scam is a massive breach of players’ trust and highway robbery for a criminal tout in John Morrison and criminal sportsbook, BetUS.
The Future for BetUS?
BetUS is still receiving loads of complaints from players from lack of payment to bait n’ switch bonus scams and everything in between. Thankfully, for players, complaints are becoming less and less common as BetUS has absolutely spoiled any shred of dignity they had in the offshore industry.
Avoid BetUS at all costs.
Is Betus Legit
Frequently Asked Questions
Is BetUS safe?
No and there are much better sportsbooks to use in the US. There are many examples of BetUS scamming their customers and we recommend visiting one of our top US Sportsbooks.
Betus Payout Options
What is an alternative to BetUS?
We strongly recommend using proven betting providers with good reputation. At SBO.net our team prepared a list of the best sportsbooks for US users based on factors like licensing, reputation and bonus
Betus Reviews On Payouts
Are US sportsbooks legal?
US sportsbooks are legal, but they are only permitted to take bets in certain states e.g Nevada. Many states across the US are currently reviewing their gambling laws so it’s becoming more common to bet legally.
What should I know before I start betting online?
Betus Payout Problems
Despite most sportsbooks being trustworthy, there are some that are an exception to the rule. We recommend you do a small background check before you start betting. The key things to look out for include licensing, reputation and customer service. These are all thing our team consider before recommending sites.
Refrences
[1] www.betus.com.pa – BetUS Homepage
[2] Angelciti / BetUS Saga More Insatiable Than… – The Rx Forum
[3] Sports Betting & Handicapper Scam: SBR investigates – SBR Newswire
[4] BetUS and John Morrison scam exposed – Covers Forum