SportsBook and all the sister books have brought these problems on themselves (there have been several similar problems with this group of books over the past 3 months).
Rather than cap the 10% sign-up bonus at, say, $1,000 max bonus, there is no limit on the sign-up bonus ... send $100K, get $10K bonus.
Rather than cap the 10/15% referral bonus at, say, $500, there is no cap on the dollar amount of the referral bonuses that they will pay.
So, combine an unlimited 10% sign-up bonus with an unlimited 10/15% referral bonus, and you can easily see why people were referring other people, and why those new people would purposely send large chunks of money for their first deposit in order to take maximum advantage of SportsBook's liberal sign-up / referral bonus policies.
Now, SportsBook is finally starting to realize that people are exploiting this loophole. But rather than fix the problem by setting a cap on these bonuses, they instead seem to be blaming the people who are taking advantage of what they are offering.
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The biggest irony in all of this, that makes SportsBook look pretty bad, is that up until recently, they had no problem whatsoever with these types of customers.
In fact, if you look at this link:
2003 Referral Grand Prize Winner
you will see that Paul Scheffelin was the guy who won a trip to Pebble Beach, which was the Grand Prize for 2003 for referring the most customers to SportsBook.com.
If you look closely at the numbers, you will see that he referred 21 new customers who deposited a total amount of $387,800. That, my friends, equates to an AVERAGE deposit of $18,467 for each of 21 new customers !!
Tell me there wasn't some funny stuff going on there, with these guys sending in big chunks of cash to max out the sign-up and referral bonuses
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Funny thing is, if this guy did the same thing at this juncture, SportsBook.com would probably confiscate his referral bonuses and the sign-up bonuses from the 21 new customers.
Last year, though, they sent him on an all-expenses-paid trip to Pebble Beach for doing the same thing.