I played Bovada for a few months and had a related but different experience.
I bought in and played my usual TAG poker and built up my account. They threw in some bonuses when I deposited the money too which helped. I played small stakes NL, mostly .25/.50 and 1/2. I didn't play every night, just a couple of times a week in the evening. I eventually tripled up. The play seemed normal. Sometimes I had the best hand, sometimes someone bested me. At this point, I'm thinking...this is a good deal, and I'm a descent player. After the bonuses expired, everything changed. It seemed no matter how good the hand I had, if the hand was for most or all of my stack, they would have the 1 card even if it was a 1 or 2 outer. I would be allowed to get a little ahead at a table, then when I had a great hand, there would be a big bet or I would make a big bet, and they would have the goods. This was consistent for weeks. I lost the entire bankroll. I put another deposit. This time no bonuses, and they had additional fees. Same thing started happening immediately. It was gone pretty quickly. the whole time I'm playing the same tight game I play at casinos and poker groups.
With that, I said no more, and closed the account. It sure seemed rigged to me. I know that sounds amateurish and conspiracist (is that a word?), but it sure seemed real to me. Yes, I know there is such a thing as poker variance, and running bad. They took a rake, so there was no need to rig it, but I still felt somebody somewhere had additional info or an inside track. You don't know if the players are people or bots. No matter...I'm done with online poker.
I think its been bought out and merged with someone, forgot who.