Since the merger with IAS they no longer book CFB at -107 (-110 now)
It took them over 6 hours to answer my E-mail. All I asked them about was how their payouts were going to change after the merger. I asked them if they were still going to pay even money on 2 team 6 point teasers and 2.74 to 1 on two team parlays.
They responded, but didn't answer my question. At this time last year they were my favorite book behind Pinnacle. I wish they would have never sold out to IAS.
It took them over 6 hours to answer my E-mail. All I asked them about was how their payouts were going to change after the merger. I asked them if they were still going to pay even money on 2 team 6 point teasers and 2.74 to 1 on two team parlays.
They responded, but didn't answer my question. At this time last year they were my favorite book behind Pinnacle. I wish they would have never sold out to IAS.
I'm a pretty small time bettor and even I've had problems placing bets with Canbet. I tried putting $150 on a CFL total not long ago and the limit was only $100. Earlier tonight I tried placing a $50 bet on San Fran pk +114 and received an error of "maximum risk limit on game" exceeded, which was strange since the only bets I'd made on that game were two $50 teasers including San Fran in which the other leg had already lost anyway. Now that they've moved the line to pk +100 they're accepting my bet, though.
Pulled this from an independent sportsbook review website. Although its clear that Canbet is in descent financial condition, the long term outlook may not be as rosy.
Canbet (SBR rating B) Reports half-year larger than expected loss of $4.1 million dollars - Industry watchers, taking their cue from a late December profit warning, were expecting a loss of less than $3.5 million - SBR, for the second time in a month, lowers Canbet from a B+ to a B rating noting the company still has one of the strongest balance sheets in the industry compared to their Caribbean competitors. However, continuing losses brings in question managements ability to compete successfully in the low-vig market.
Canbet (SBR rating B) Reports half-year larger than expected loss of $4.1 million dollars - Industry watchers, taking their cue from a late December profit warning, were expecting a loss of less than $3.5 million - SBR, for the second time in a month, lowers Canbet from a B+ to a B rating noting the company still has one of the strongest balance sheets in the industry compared to their Caribbean competitors. However, continuing losses brings in question managements ability to compete successfully in the low-vig market.
