All Forums | Gaming Industry - US

Another forum in the works on bailout for beted clients

...
Participants:
Search model icon
Views: 17749
Posts: 263
 
Prospect
Participation Meter
Joined: Feb, 2007
Posts: 106
Posted: #26
Quote Originally Posted by esplanade:

If there is a potential deal that hasn't come to fruition, I assume it's because this suitor book wants Beted to kick in some of the dollars that the DOJ did not get. A lot of assumptions, but that's what I think.
I think it's fairly obvious that Beted management made a opportunistic dash with the cash. Pretty sad to think they set up their golden parachutes with our funds.



I "Heard" that some kind of offer was just to take over the accounts.
and it would just be the player would rollover x amount of times before you could take the funds.
which is like most or all bailouts.

I "Think" beted was looking for more than that.
 
Captain
Participation Meter
Joined: Feb, 2008
Posts: 9021
Posted: #27
You're right that's conventional opinion, but not what I think. Beted is in no position to make demands and if they had any decency whatsoever would do whatever it takes to make their players somewhat whole.
 
Banned
Participation Meter
Joined: May, 2011
Posts: 216
Posted: #28
Its amazing that beted would want more out of it than just having another book take on their debts.  Its bad enough beted fucked us once, but for them to do it again is just disgusting
 
Veteran
Participation Meter
Joined: May, 2001
Posts: 4487
Posted: #29
I think what is amazing is the size of the echo-chamber that is between everybody's ears in here.

After providing affidavits, and facts, and clear logic that all proves to the fact that beted didn't run with the money and in fact got fucked over by the feds, you guys take the first rumor and use that as evidence to support your wrong theories.

Go ahead. Think that way. Assume the worst. Y'all must be used to being wrong anyway.
 
Veteran
Participation Meter
Joined: Aug, 2010
Posts: 4793
Posted: #30
If it is rumor and not fact that Bet ED was giving out 100% deposits matches and other lucrative bonuses right before they were hit by the FEDS than I apologize for calling them shameful. If indeed it is fact and they do not traditionally give out these type of bonuses than I think it's obvious they tried to rip-off their clients at the last minute and moved that money around. That's as dirty as it gets to offer those tempting bonuses to your customers knowing they were never going to see it. I feel bad for all the players that lost their money. AS far as Bet ED you cant blame them if they didnt know but if they did, they deserve everything shitty that happens to them.
 
Banned
Participation Meter
Joined: May, 2011
Posts: 216
Posted: #31

Quote Originally Posted by Lou:

I think what is amazing is the size of the echo-chamber that is between everybody's ears in here.

After providing affidavits, and facts, and clear logic that all proves to the fact that beted didn't run with the money and in fact got fucked over by the feds, you guys take the first rumor and use that as evidence to support your wrong theories.

Go ahead. Think that way. Assume the worst. Y'all must be used to being wrong anyway.

Then tell me this Einstein...Why did beted say no to another book offering to bailout beted??  If they supposedly have no money left anyway, why wouldnt they want their players taken care of???

 
Veteran
Participation Meter
Joined: May, 2001
Posts: 4487
Posted: #32
Tell me this, Doofus...

How about if there was more than one offer?

It doesn't take Einstein to notice that possibility.
 
Banned
Participation Meter
Joined: May, 2011
Posts: 216
Posted: #33

Quote Originally Posted by Lou:

Tell me this, Doofus...

How about if there was more than one offer?

It doesn't take Einstein to notice that possibility.

Is that what you are claiming Lou...that there was more than one offer and beted is simply deciding which one is best?  Because, athough they are just rumors, people are saying that beted declined the offers

 
Captain
Participation Meter
Joined: Feb, 2008
Posts: 9021
Posted: #34
Lou there is evidence that monies were seized. How would you or the DOJ know what percentage of funds were seized? The DOJ may have seized all the funds they were aware of, BUT to suggest that they seized all existing funds appears to be pure conjecture.

I've read every word of these threads and I have seen no facts or even clear logic that Beted was completely blindsided. Certainly Bookmaker was not completely surprised and even if Beted were completely dumbfounded by the crackdown, that doesn't mean all their funds were in the three referred accounts. I don't keep all my assets in a shoebox under my bed and I don't think they did either.

I'm also not sure exactly why this sentiment constitutes assuming
the worst. I don't see any need for berating anyone, this is supposed to be a discussion of the case and what may happen.
Certainly opinion is part of that conjecture.

Perhaps you could shed some light on the value of a customer list
and how that value would likely compare to the sum of account
balances. I'm not sure it's particularly relevant exactly who has the funds at this point, but if you do, I'd love to hear why. Personally I would think the list is worth far less than the account balances, but I would be pleased to be incorrect.
 
Legend
Participation Meter
Joined: Feb, 2002
Posts: 67006
Posted: #35
Quote Originally Posted by Lou:

FYI - Freedom is heading to CR tomorrow to discuss this shit in person with teams involved in any bailout. The difference between what Freedom is doing and what SBR is claiming is that he is actually making a difference while those clowns are just stirring the pot to score a few points while they still can.


SBR are clowns?  Come on now.  Is that really necessary or appropriate?  Exactly how so?  Just because they are "competition" doesn't mean it's required to act adversarial.  Fact is SBR has a pretty good record of going to bat for players and getting things done, and are far from clowns.  IMHO
 
Legend
Participation Meter
Joined: Feb, 2002
Posts: 67006
Posted: #36
Quote Originally Posted by Lou:

Tell me this, Doofus...

How about if there was more than one offer?

It doesn't take Einstein to notice that possibility.


Well if that's true then one can assume that they will in short order decide between the offers and the players will soon reap the benefit.  One would certainly hope that their choice between the offers will be based solely on what's best for their players and not what's best for their pocketbooks.  I assume that would be the message and expectation conveyed by Covers, and if BetEd does not act in that fashion that Covers will expose the truth.
 
MVP
Participation Meter
Joined: Jun, 2007
Posts: 18363
Posted: #37

Quote Originally Posted by depeche2:



SBR are clowns?  Come on now.  Is that really necessary or appropriate?  Exactly how so?  Just because they are "competition" doesn't mean it's required to act adversarial.  Fact is SBR has a pretty good record of going to bat for players and getting things done, and are far from clowns.  IMHO

Tell me more about SBR?  What do they do for their customers?  Not being a smartass just wanting to know.

Gambling is only a problem when your losing!
 
Banned
Participation Meter
Joined: May, 2011
Posts: 216
Posted: #38

Quote Originally Posted by depeche2:



SBR are clowns?  Come on now.  Is that really necessary or appropriate?  Exactly how so?  Just because they are "competition" doesn't mean it's required to act adversarial.  Fact is SBR has a pretty good record of going to bat for players and getting things done, and are far from clowns.  IMHO

Exactly...and even though SBR ranked beted fairly low, they are still trying to get a bailout worked out when covers are the ones who should be getting this done after rating beted #1 and sending so many customers (who are now screwed) their way.  Im not saying that covers isnt also trying to help...Im just saying that sbr seems to be going above and beyond and trying to help get something done if covers is unable to.   

 
MVP
Participation Meter
Joined: Jun, 2007
Posts: 18363
Posted: #39
We will see.  I appreciate all the ones out there helping us degenerates. 
Gambling is only a problem when your losing!
 
Banned
Participation Meter
Joined: May, 2011
Posts: 216
Posted: #40
Quote Originally Posted by dixonbets:

Tell me more about SBR?  What do they do for their customers?  Not being a smartass just wanting to know.

Imo, sbr is probably the most honest forum out there.  I cant even count how many people they've helped get paid from different books in the past.  In cases where they've sided with the player and the book still didnt pay, they've put out big warnings, videos and immediate downgrades.  Although they are also paid for advertising, i feel their ratings are by far the most accurate of any forum out there.  They have downgraded many advertisers in the past.  They helped me get paid from a particualr book about 3 years ago..after i tried a different forum first and had no luck and had basically written the debt off.  They have also stepped in and gotten many bailouts done for many people in the past from books that have closed up or stolen players funds'. 

Ive been posting on sbr for many years and have always lurked around therx and here but have never posted here until this whole beted mess.  I wouldnt tell someone to choose one forum over another because its always good to have more than one place to go. 

 
Veteran
Participation Meter
Joined: Aug, 2010
Posts: 4793
Posted: #41
Quote Originally Posted by dixonbets:

Tell me more about SBR?  What do they do for their customers?  Not being a smartass just wanting to know.



They are a similar site as Covers....They get promo dollars from offshore books and AD. for them...They attempt to build relations with individuals who REP. these books and they do go to bat for their players assuming the player was screwed and they have a good contact with the book in question.......SBR is no closer than solving this BetED issue than covers, in my opinion everybody loses here. Covers was put in bad light here due to making them a top book and have decided to defend them to the end. SBR has nothing nice to say about BetED but are also hoping for the bailout that wont happen. SBR does have more reputable books in their top 10 (in my opinion)  Their number 1  is 5 Dimes......Covers has alot better features in handicapping, great stats unlimited resources ect.
I spend more time at Covers although Covers does have some real big ego's in their forums.   All in my opinion..Only been at covers for 10 months
 
MVP
Participation Meter
Joined: Jun, 2007
Posts: 18363
Posted: #42
Thanks very insightful
Gambling is only a problem when your losing!
 
Veteran
Participation Meter
Joined: May, 2001
Posts: 4487
Posted: #43
depeche,

I'm just tired of the shilling that's going on. That place reminds me of a bad political organization from the 70's. They pile on and pile on and bad mouth all of their enemies, and the moment something positive happens, they will pop up their heads and say, "Hey, that was us!"

Watch what happens. Either:
a) They will try to claim 100% responsibility for any bailout that happens, or
b) If that's not feasible, they will say that the bailout sucks and betEd should have taken some other supposedly better offer that everybody is going to claim they made, but didn't really.

In the meantime, nobody remembers that the only problem they ever had with beted was the fact that beted wouldn't take big bets.

Now, you would swear that beted was run by al Quaeda, the way they are going on.

I don't like that kind of crap. We rated beted highly for reasons that not everybody approved of, and I can understand that. But to turn around and pretend that they were somehow always on the verge of collapse is pure and utter bullshit that's being manufactured over there.

And where I come from, that makes you a clown.

Sorry.
 
Legend
Participation Meter
Joined: Feb, 2002
Posts: 67006
Posted: #44
Quote Originally Posted by Lou:

depeche,

I'm just tired of the shilling that's going on. That place reminds me of a bad political organization from the 70's. They pile on and pile on and bad mouth all of their enemies, and the moment something positive happens, they will pop up their heads and say, "Hey, that was us!"

Watch what happens. Either:
a) They will try to claim 100% responsibility for any bailout that happens, or
b) If that's not feasible, they will say that the bailout sucks and betEd should have taken some other supposedly better offer that everybody is going to claim they made, but didn't really.

In the meantime, nobody remembers that the only problem they ever had with beted was the fact that beted wouldn't take big bets.

Now, you would swear that beted was run by al Quaeda, the way they are going on.

I don't like that kind of crap. We rated beted highly for reasons that not everybody approved of, and I can understand that. But to turn around and pretend that they were somehow always on the verge of collapse is pure and utter bullshit that's being manufactured over there.

And where I come from, that makes you a clown.

Sorry.


I think to most posters here (or there), none of that "inside" stuff, or who claims what, really matters.  What matters is the actual results for players.  If they are acting with that in mind and have the ability to aid in getting something done, then that does not make them clowns.  Agree to disagree on that.

I agree, SBR didn't see this coming with BetEd anymore than Covers did, that isn't really the point and I think IMO Covers has been (understandably) overly defensive on that.  I think what people really care about is what happens from here on out.  A pissing match between Covers and SBR doesn't really help anybody though.  Hopefully both Covers and SBR will similarly hold BetEd's feet to the fire and demand that they do what is in their customers' best interests.  If all parties do that then nobody will have cause to complain and everybody will look good.
 
Banned
Participation Meter
Joined: May, 2011
Posts: 216
Posted: #45

Quote Originally Posted by Lou:

depeche,

I'm just tired of the shilling that's going on. That place reminds me of a bad political organization from the 70's. They pile on and pile on and bad mouth all of their enemies, and the moment something positive happens, they will pop up their heads and say, "Hey, that was us!"

Watch what happens. Either:
a) They will try to claim 100% responsibility for any bailout that happens, or
b) If that's not feasible, they will say that the bailout sucks and betEd should have taken some other supposedly better offer that everybody is going to claim they made, but didn't really.

In the meantime, nobody remembers that the only problem they ever had with beted was the fact that beted wouldn't take big bets.

Now, you would swear that beted was run by al Quaeda, the way they are going on.

I don't like that kind of crap. We rated beted highly for reasons that not everybody approved of, and I can understand that. But to turn around and pretend that they were somehow always on the verge of collapse is pure and utter bullshit that's being manufactured over there.

And where I come from, that makes you a clown.

Sorry.

Lou...I may be mistaken but didnt beted seize a few different players funds and not issue decent size payouts to a few players for some iffy reasons?  Didnt they cancel out one acct with like 10k in it because some 20 yr old used his dads credit card (with his authorization) to make his deposit and after running his balance up, they closed out his acct and seized winnings, even tho they had a copy of the credit card on file before he started wagering?  Im not 100% sure if that was beted so i appologize if im wrong but i thought it was.  If it was beted, that could be one of the reasons they were rated pretty low on sbr

 
Veteran
Participation Meter
Joined: May, 2001
Posts: 4487
Posted: #46
You know what? I will say that I'm a bit out of line there.

They ain't that bad. They DO often do good things for their users and get a lot of disputes resolved.

But they aren't the only ones. We have a guy in our office who spends hours a day sorting through the questions and complaints and getting them taken care of. We just don't tout it because it's just something that should be done. You don't pat yourself on the back for doing your job.

I'm just tired of the obvious shills they send over whenever they smell blood.
 
Prospect
Participation Meter
Joined: Feb, 2007
Posts: 106
Posted: #47
Quote Originally Posted by richsox24:

Imo, sbr is probably the most honest forum out there.  I cant even count how many people they've helped get paid from different books in the past.  In cases where they've sided with the player and the book still didnt pay, they've put out big warnings, videos and immediate downgrades.  Although they are also paid for advertising, i feel their ratings are by far the most accurate of any forum out there.  They have downgraded many advertisers in the past.  They helped me get paid from a particualr book about 3 years ago..after i tried a different forum first and had no luck and had basically written the debt off.  They have also stepped in and gotten many bailouts done for many people in the past from books that have closed up or stolen players funds'. 

Ive been posting on sbr for many years and have always lurked around therx and here but have never posted here until this whole beted mess.  I wouldnt tell someone to choose one forum over another because its always good to have more than one place to go. 



ahh, I wouldn't go that far. They rate by how much their sponsors pay.
Yes they have some good sponsors up top, but some are suspect at best.
If you are not a sponsor there, you're in trouble
 
Veteran
Participation Meter
Joined: May, 2001
Posts: 4487
Posted: #48
richsox, if you only knew the difference between what shows up in the forums and what actually shows up when people are asked to provide the proof.

I see it everyday. And I'm not talking about just beted. I'm talking about every site. In fact, beted was refreshing for the lack of complaints they generated.

We try to help everybody, but you would be shocked at how often people are just angry because they made a stupid mistake and missed a rule, or else they were trying to get away with something obviously shifty and then are pissed because they got caught.

The big problem, and this happens at every book, is that nobody has a good bouncer checking people on the way in. They just want to make it as easy as possible to get in there to bet.

So what happens is that somebody hits a parlay at XYZ sportsbook in his first week and then tries to cash out. At that point they check for ID and find out that it's some guy using his landlord's credit card or something like that. Then the guy gets pissed because they waited until he won a grand before jamming him. True. But he lied and had no intention of paying.

I see a version of this situation once a week. Inevitably the dude shows up on some other forum that has a beef with XYZ and has no interest in finding out the real truth.

 
Veteran
Participation Meter
Joined: May, 2001
Posts: 4487
Posted: #49
Quote Originally Posted by thehorsemen2:



They rate by how much their sponsors pay.
Yes they have some good sponsors up top, but some are suspect at best. If you are not a sponsor there, you're in trouble




Say what you will about our list, but we are not in the business of bad-mouthing companies just because they don't pay us.
 
 
Veteran
Participation Meter
Joined: May, 2006
Posts: 4049
Posted: #50
Quote Originally Posted by dixonbets:

Tell me more about SBR?  What do they do for their customers?  Not being a smartass just wanting to know.


Let's just say they tend to side with the people who sign their paychecks. Read THIS thread and you can see how great SBR is 
All Forums | Gaming Industry - US
About Us
Contact Us
Careers
Our Team
Brand
Testimonials
Betting Guides
Sportsbook Reviews
Sports Betting News
Podcasts
Responsible Gaming
Sports Betting
US Betting Sites
Canada Betting Sites
Canada Casinos
Best Betting Apps
Contests
Streak Survivor
King of Covers
Ultimate Race
Office Pools
The Covers community has
618,670
lifetime members worldwide
Covers 25 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
Site Map Help Privacy Terms of Service youtube logo facebook logo twitter logo instagram logo linkedin logo google news logo
Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo
Copyright © 1995 - 2024 CS Media Limited All Rights Reserved.

If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.