An Official Message from Covers Regarding betEd

I guess you're home   

you would know,, have you ever posted a play,, what do you bring to the table,, penalty box post ,,questions of the day BS

No thanks.

I would prefer to cease all contact with you, starting right now.

Good luck to you.

let's take it to the box Dr phil

Millions so you say 20k a week for 5 years 

JOEY

ummm.....i think millions is REALLY pushing it...lmfao

I have sit back long enough on this issue..

Good Post.......recommending sportsbooks is a tricky situation because anything really can happen. I think that the hyerarchy needs to revisit the "recommendation" approach.  Saying stuff like "you don't have to worry about so and so, they pay" is really untrue.  They may pay but if they get squeezed by the feds they ain't payin! And that is no fault of Covers.

Thanks Superbeets,   You said it better than I ever did. 

 

and this one is for the entire Covers website 

That all I was trying to say but English is my second Language DR PHIL.

BTW joey talking shit about covers will get you boxed 

Thank you covers. Now I have a tiny bit of chance to get my money back. I have a little over 2 grands in my account, I have been wondering who I should ask to get my money back, and now here you are. Thanks, and I sure hope that you can help us with our money. Please let me know if you need any information about my account.

On a side note, now that betED has gone, any recommendation on which book to use for online gambling?

Appreciate it!

I get that we don't have reason to be irate at covers. but they still pimped a book (as numero uno) that obviously practiced somewhat shaky business practices, and ran away without even contacting their customers. 

I appreciate Covers doing all they can to get players money back. Maybe they can work something out to get another site to take on player balances with a rollover. It's happened before in similar situations, and I'm hopeful it will happen again.

At the same time, I don't think Covers or anyone can blame this situation 100% on the US government. No betting site should have all of the players funds in US bank accounts that the US government can just take, no matter what their size. Player funds should be kept in separate accounts, with just enough in play at one time for payouts, which should be nowhere near 100% of all costs. Even in this case, I have a hard time believing BetEd lost every dime to their name, and had no European customers, or no money saved for Moneybrooker or Neteller payments, or any profits stashed away somewhere else. Could a lot of their money been taken away? Sure. But all of it? I'm skeptical. And if that in fact was the case, Covers had absolutely no business recommending them as their top shop. Going forward I hope Covers not only makes good on their promise, but also re-evaluates how they recommend sites. If I were running a site like this one, one of my absolutely top evaluating criteria would be that that book had segregated accounts, so that player funds are not at risk. And if the book is too small to afford that? They should never be top-ranked in the first place.

there's only one independent sportsbook review site, i guess based on other posts we're not supposed to mention (not sure why) although most vets probably aware of it, other new to business could try google...covers or any company recommending advertisers products is not independent, several of us made posts a couple years ago that the top 10 recommended list was not close to accurate vs independent review, believe BetEd was C+ even before last week, honestly had never heard of them before advertising, have a feeling the owners have access to majority of the funds to give back to players and went into hiding, even so smart solid books keep their (and players) money in many inaccessible accounts and smallest possible with payment processors so would only take a small hit (and no hit for players)

About the equivalent of the government war on drugs chopping down 25 cannabis plants in the Kentucky backwoods, offshore is anotherr war the incompetent governement will never win and going broke (already there) wasting money on things like this

Why's everyone so pissed at covers and beted?  It's a shame we can't bet with are own hard earned money that most have already paid taxes on and these mf's still want a piece of any winnings.  Although most of us degenerates have been in the red most of our lives.  Just legalize online gambling and  let us have are moment of entertainment you govt. fucks.

 

nostra,
You are correct in your theory that accepting advertising and making recommendations is a conflict of interest.

That's why you are wrong when you suggest that there actually is ANY site out there that is unbiased.

I know which site you are talking about, and trust me they are as wrapped up in advertising dollars as Covers has been. They just do it a bit differently and not as openly.

 

Then why does covers.com continue to do it?

The site you are talking about accepts advertising dollars from books also. So since you posted about this certain site, how in the world can they have Bodog an A book ???

Is there any way you can explain that ?  Anyway at all ?

Doesn't that make you think just a bit ?

Now Lou will tell you that in no way am I a rubber stamp for this site. Lou and I have had our rounds about certain books a few times. Some I ended up saying I told you so and some he ended up saying..see they were not as bad as you said they were.

I can tell you 100% that Freedom and Lou had no idea what was going to happen.  They were in the dark like everyone else. We don't know all the details yet and probably won't until some deals are cut or something goes to trial.

Websites like this do take advertising dollars from books..all websites like this takes advertising dollars.  If they didn't they would be out of business. And yes, you could look at it from a standpoint of a conflict of interest.  But when the U.S. goverment gets into the pot there really isn't a damn thing you can do.  BetEd was very solid from a money standpoint.  The thing that dinged them rating wise on other websites was sometimes they seemed to have a number of customer disputes. Not horrible, but more than your higher rated books.

Lou has exposed a number of problems in the industry in years past and I'm pretty sure there will be some sweeping changes he address very soon.

Thank Lipps. You said it all.

I'm locking this now so people can go to the RANT thread and we can keep things organized.