7RedSports.com Review and Warning
03-FEBRUARY-2012 REPORT by Prop
7RedSports.com is a new online sportsbook with ties to EZStreetSportsbook.com. As a rule to live by players should always be careful dealing with startup sportsbooks. This is because very few end up being legitimate over the long run. Some betting sites start off less than reputable, while others start off with great intentions only to in time experience financial difficulty, and then eventually turn scam. This would be a near impossible stat to track, because many close before they ever really start, but I’d estimate more than 99% of startup sportsbooks eventually close without paying players their balances.
EZStreet Sports Connection
There’s a bigger concern with 7RedSports.com however. This company has ties to EZStreetSports, an online sportsbook that perpetrated $46,000 casino theft against one of their own players in March 2011. If you Google terms such as EZStreetSports scam or EZStreetSports theft and you’ll find plenty about that. Outside this I don’t know much about 7RedSports.com, but based on being new and based on being connected to known thieves it would be a wise move to avoid these guys.
Rating Initiated at D
At this point we’re adding them to our rating guide as D rated so players can be properly warned. In time we’ll come back and reassess their rating when more is known about their operation.