Results 1 to 5 of 5
  1. #1
    Trifonoff's Avatar
    Trifonoff is offline Private Member
    Join Date
    August 2009
    Location
    Sofia, Bulgaria
    Posts
    38
    Thanks
    9
    Thanked 23 Times in 9 Posts

    Angry How Bulgarian scammers Efbet started to steal business from their affiliates

    Background: Bulgarian betting company Efbet started something like 10 years ago by the name: Balkanbet. The founders are famous Fofia's scammers Naydenovi family involved in illegal gambling (according to their interview, link added below).After they invited in their company the famous gambling mafia boss Vasil Bozhkov they rebranded from: "Balkanbet" to "Efbet". This was the first time they stole business from their affiliates by transferring their players' base to the new site but denying future payments to their initial partners.
    They managed to bribe Bulgarian Gambling Commission to give them the first online gambling license in the country and to keep rejecting the other companies. At that time they didn't offer an affiliate program at all because they really didn't need it.

    After Bulgarian Gambling Commission was forced by Bulgarian Court to start giving licenses to other companies Efbet started their affiliate program.

    The theft:
    In the beginning it did not apply any quota in their affiliate program.

    After some time they retroactively added quota: 2 new depositors and 7 active players a month.

    This year without any official mail they decided to add more quota requirements and strange new rules:

    • 2 new depositors a month;
    • 7 active players a month;
    • 6 new depositors in the last 3 months;
    • The affiliate has to try to increase the business (this subjective clause means they can refuse to pay their affiliates based only on their judgement if they try or not to increase the business)
    • If any month you don't cover the above quota your commission is NOT transferred to the next month.


    With these retroactive changes they started stealing the business from their small and even middle size affiliates which I personally find very alarming.

    Even big affiliates should be alarmed if they decide to do business with them because they can and most probably will change and add a new quota at some time in the future.

    * The information I give is based on Efbet,'s official T & Cs, their owners (Tsvetomir Naydenov and Boyan Naydenov) interview and official investigation about the corruption in Bulgarian Gamgleing commission. I added sources links below:
    Used sources:
    https://affiliates.efbet.com/terms_and_conditions.asp


    https://www.mediapool.bg/shefat-na-k...ews302979.html

    https://www.youtube.com/watch?v=KLDd901BNWs

    https://www.youtube.com/watch?v=_9MYCBdO-gs&t=1s

  2. #2
    MrAJ is offline Public Member
    Join Date
    April 2014
    Posts
    72
    Thanks
    14
    Thanked 44 Times in 25 Posts

    Default

    I have been scammed as well but after what I read here and at several other forums I decided it's useless to complain about these crooks.

  3. #3
    thesamurai's Avatar
    thesamurai is offline Private Member
    Join Date
    April 2014
    Posts
    185
    Thanks
    90
    Thanked 80 Times in 53 Posts

    Default

    Same here. We've stopped immediately to promote them and made them not verified on all sites. What comes around goes around... This is the long road to end of Efbet.

  4. #4
    Brand_24's Avatar
    Brand_24 is offline Public Member
    Join Date
    February 2018
    Posts
    64
    Thanks
    17
    Thanked 2 Times in 2 Posts

    Default

    "Bulgarian betting company Efbet started something like 10 years ago by the name: Balkanbet

    Balkanbet - that says a lot...

  5. #5
    Pick7 is offline Brand New Member
    Join Date
    October 2019
    Posts
    19
    Thanks
    7
    Thanked 6 Times in 5 Posts

    Default

    I signed up with Efbet many years ago. After just six months or so they started demanding more or they would close my account. I straight away deleted them from all my sites. It was only yesterday they were either threatening the same or have terminated my account (not sure, don't care either)

  6. The Following User Says Thank You to Pick7 For This Useful Post:

    drifter8 (30 October 2020)

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •