An Official Message from Covers Regarding betEd

rPuck, I sent you a friend request, would love to message you if you have the time.

Thats why covers needs to step up right now and do the right thing instead of delaying and just oping this all blows over. 

Im very sorry anyone lost any money, but if you look at the covers sportsbook ratings, they have always been a huge joke.  And if you played at any decent books you would sureley realize beted was piss poor book.

I'm not trying not take all blame away from covers, but really if you see all the jazette books rated in the top 10, it doesn't take a genius to realize that advertising dollars determine the top 10.

I would be curious to know if Beted stiffed covers on advertising dollars?

I wasn't ignorant to deposit with BetEd, because of my due dilligence utilizing the SBR ratings. However I have to agree with poster King Coebra & can understand his frustration.

Bet Ed is either lieing & stole the majority of money, or they were seriously underfunded. BetEd should have never been endorsed let alone rated #1 by Covers, who didn't do their homework & due dilligence. BetEd doesn't lose all their money from just one processor going down. Companies utilize multiple processors & have their $$$ spread out, not in one basket: Please refer to: https://www.youtube.com/watch?v=PjRWM0hqDbg

Because Bookmaker doesn't keep $$$ in US banks. They're much smarter than that which is demonstrated by their new ag domain, which the US government can't touch.  

You all should go watch the Youtube video just posted-

Puts this whole covers crew through the ringer

"They have no more money, the government has it all"

BULL SHIT! Watch the video and you'll see what i mean-

Covers in was in bed so to speak with BETED-and now they are just box footing around things-

That money is gone, and covers directed players to a crap book that they knew had no liquidity

Lets get fucking real.

Covers is BetEd. 

They get a percentage + ads.  BetEd was a sorry ass rookie outfit.  I could write their software in a week. 

Quote Originally Posted by contraband71:

I've been a long time lurker, it would be nice if covers tried to help return some money to players that have been stiffed. Maybe use some of the advertising dollars earned from BetEd over the years to help arrange a bailout with one of your other forum sponsors?

BetEd was small and knew they would lose many customers after this and the cost of doing business would be going up. So it seems more believable that they made a business decision to close shop which means it wouldn't make sense from their point of view to pay customers back, they have no reputation to protect.
Not saying covers is lying about all player funds being seized. I have no way of knowing if that's true or not. Just posting my opinion and suggestion that covers help arrange a bailout with a sponsor. I've seen SBR do this with low rated books that went under and another sportsbook bails them out with a rollover reqirement. If covers threw some money in the pot I would think they could get a sponsor to take all of beted's former customers and restore balances with a 5 or 10 time rollover. It would bring some respect and credibility back to covers recommended sportsbook list.
Bookmaker was prepared for this, which is why they should have been on top of your recommended list. Wish I had my money at Bookmaker insted of Beted

Yes...SBR was able to get customers a bailout when a couple different books went under (and these were books that SBR didnt even endorse). 

The question is....can Covers do the same?  From reading other forums, my guess is no as Ive read nothing but negative things about covers.  I do, however, hope Im wrong because i have just over $1500 waiting for me.