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BetonBet collapses

Another minor sportsbook, along with their partners EuroLinx and LinxCasino, goes belly up. Poor management, poor business plan... who knows? But punters once again get screwed. Stick to the bigger names and if you must play in the lesser-known books, use Moneybookers and Neteller to keep your balance down to a minimum.

LinxMedia Group bankrupt

BetOnBet was an odds aggregation bookmaker - meaning they used an odds comparison service to form their odds and simply sit in the middle all the time. And they still couldn't make a profit - or perhaps the losses from the rest of the business were too heavy. Just guessing, but they probably had to spend too much on marketing and promotions to get clients. Or they were just poorly managed. The sportsbook was relatively new compared to the poker and casino arms so chances are the other products and their marketing/bonus schemes led to their downfall.

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