SAN JOSE, Costa Rica, Nov. 29, 2012 (GLOBE NEWSWIRE) -- After finally snapping a 12-game losing streak last night with an 84-82 win over Portland, the Washington Wizards finally shocked themselves out of one of the most disappointing streaks in recent memory. But members of SportsBettingOnline are still picking their jaws up off the floor this morning after learning that the sportsbook is doubling all payouts on winning Washington Wizards bets.
"Yes, were a sportsbook, but we're huge NBA fans first. So when real, non-bandwagon fans get behind their team and have faith that they'll lock in a win, we think it deserves to be celebrated. We recognize that the first 12 losses were hard to swallow for Wizards fans, so we hope the double payout softens the blow," stated Dave Johnson, head oddsmaker at SportsBettingOnline.
The spread and money line at SportsBettingOnline on the Washington Wizards were +3 and +140 respectively. SportsBettingOnline is doubling the payout for any member who took +3 or +140 with a double win. What's more, all winning parlays that featured Washington will be recalculated, with double winnings applied as well.
The Washington Wizards became the 11th team in NBA history to lose their first 12 games of the season. Their disappointing skid forced a lot of naysayers to bet against them at online sportsbooks like SportsBettingOnline.
While this is the first time that SportsBettingOnline has doubled a winning bet, the sportsbook has a history of making members happy by paying back losing bets on controversial games.
In June, the online sportsbook refunded every sports bettor who lost money on the Pacquaio-Bradley boxing match after the controversial results handed Bradley the win. A month later, members who lost money betting on Adam Scott, the pro golfer who lost the Open Championship after leading by four strokes with just four holes to play, were refunded. And in August, Arkansas' stunning loss to UL Monroe resulted in refunds to all members who bet on the 30-point favorite to win.
Giving players more than they'd expect is common practice at SportsBettingOnline. Instead of running unrealistic promotions with ridiculous rollover requirements, SportsBettingOnline features a single cash back promotion. Members of the online sportsbook receive 10% cash back, every week, win or lose. The 10% cash back offer is also offered at the sports book's online casino and racebook.
More information on how the online sportsbook refunds players 10% per week can be found at SportsBettingOnline.ag
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