PalaceBet.com was opened in April and already we are already getting bad reports. Alleged professional handicappers refer players to Palacebet. The player signs up at the site and sends his deposit to PalaceBet. The bettor is then promised a line of credit so he can bet larger sums on the handicapper’s picks. He is told he must cover a $4,000 transaction cost and must send an additioanl 4 dimes prior to a withdrawal.

We have had two reports of players asking for withdrawals and no money has arrived………

STAY AWAY.

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