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Question to Freedom

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Prospect
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Posted: #1
"But I will end this post on a positive note. And by "positive" I mean, I am positive of one thing: Anybody owed money by betEd will get it back.

That's right. You heard it here first. 

We at Covers.com don't take kindly to having our clients money stolen from them. Hell, it makes us look bad. They were on our list.

We will do everything in our power to get your money back and in your hands. We are going to ask, beg, talk, whine, shout, whisper, or write to whoever it takes to get that money released to the players.

That is a promise."

Dear Freedom,
The message above is what you posted to us on 5/25/2011 1:22:17 PM.  Now I want to know the promised you made to us the BETED CUSTOMERS still valid?  If it is still valid, how are you plan to help us the BETED CUSTOMERS to get our money back?  Please tell us about your plan and how much longer do you think this is going to take? Or should we just forget it and never use covers again?
 
Prospect
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Posted: #2
In addition, since you are very close to beted owner. Why do you guys just take over beted.  This way you can bail yourself and beted out?? Ever thought about that.  A win win situation?
 
Prospect
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Posted: #3
Covers needs to tell us soon if a bailout is going to happen.

If not, then players who trusted Covers should seriously consider a boycott of them and their sponsors.
 
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Posted: #4
A bailout would have already been in place with betonline if it had not been for covers....Thats a fact jack!!! 
 
Captain
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Posted: #5
 
Veteran
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Posted: #6
 
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Posted: #7

https://www.gambling911.com/gambling-news/former-betedcom-employee-claims-95-percent-business-coverscom-061111.html

Freedom...so in reference to this article, the former beted employee is simply lying about the beted/covers partnership.  Why would he lie?  What does he have to gain? 

It seems to me that every single person and every forum who says anything negative about covers is simply lying.  Are you sure it isnt you guys who are lying???  Would the betonline deal have gotten done if you guys wouldnt have stepped in?  Are you guys actually going to get a deal done for all us screwed players and not just keep spinning shit out of control??? 

 
Captain
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Posted: #8
 
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Posted: #9
 
All-Star
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Posted: #10
You guys bring up some interesting points.
 
Prospect
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Posted: #11
 
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Posted: #12

Quote Originally Posted by MRSARATOGA:

You guys bring up some interesting points.

Now if only we could get answers and resolutions and people to fulfill their promises. 

 
Prospect
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Posted: #13
Hey guys, 

Two points

First, regarding the question at hand...

I wish it was possible for the process to go faster, but I'm not in a position to force anybody because - contrary to what other sites are insinuating - I'm not an owner of betED.

All I can do is be a good cheerleader to get things done.

They were real close a few days ago and I'm still not sure what happened there. It might still be happening for all I know.

I will say that while other sites like to pretend that deals like this get done on a minute's notice, that would be how stupid companies make deals of this type and size.

I'm sure there were and are offers, but there is a big difference between an "offer" and a "deal".

If you are a smart buyer, for instance, you would have to consider the size of the user database you are buying. Some sites just are not technologically equipped to support the addition of 5-10,000 users that make three $10 bets per day.

It's a completely different business model from 85% of the books out there, and 95% of the books that are still serving the US market.

You would also have to consider the fact that a certain percentage of your database is probably compromised by DOJ stooges, and what kind of risk does that entail.

Finally, you have to consider what percentage of users are going to stay with you once the rollover is done, and whether these people really are longterm customers. Otherwise, you are just paying off customers and getting nothing in return

So anybody who thinks that something like this can get done in a matter of hours or days, well, they just don't know business.

Now, with respect to rich's question, please see this response I gave in another thread:


I'm not calling everybody liars, but I will say that whoever that article is referencing is 100% lying. 

From my standpoint, I seriously doubt any of the betED employees (at least the ones I know) would be stupid enough to make statements like that, because they are so wrong. Which tells me that the guy isn't even a real betED employee and is probably actually somebody with an axe to grind against Covers.

You are exactly right about the question, "what does he have to gain?" I would ask you what he has to lose? He didn't give his name or any kind of facts to support his lie. It was an anonymous email.

 
Prospect
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Posted: #14

Freedom- Anyone with any intelligence would know this is a complicated deal. I think the only reason people were excited so fast, well was because you guys basically told them that a deal was just about done over a week ago and to expect news any day now.

Regardless, thanks for the effort you guys are putting forth. Hopefully we have a resolution that will please everyone.

 
Captain
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Posted: #15
 
Legend
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Posted: #16
"If you are a smart buyer, for instance, you would have to consider the size of the user database you are buying. Some sites just are not technologically equipped to support the addition of 5-10,000 users that make three $10 bets per day.

It's a completely different business model from 85% of the books out there, and 95% of the books that are still serving the US market.

You would also have to consider the fact that a certain percentage of your database is probably compromised by DOJ stooges, and what kind of risk does that entail.

Finally, you have to consider what percentage of users are going to stay with you once the rollover is done, and whether these people really are longterm customers. Otherwise, you are just paying off customers and getting nothing in return

So anybody who thinks that something like this can get done in a matter of hours or days, well, they just don't know business."



I couldn't shake reading this that it was almost like you were rooting against any sort of deal with those two bolded paragraphs. I know I'm probably wrong.
 
Prospect
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Posted: #17
What?!?

OK, first I get reamed for three weeks because I'm not being forthcoming enough, and then when I lay the cards on the table about the difficulties of getting a deal done, I'm rooting against a deal?

Whatever.

 
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Posted: #18
Freedom, I was a BetED customer for just days. I am one of the suckers who decided to take advantage of the 100% match. Before I made a bet the FEDS already took over...I have heard from other BetED users that it was unheard of for BetED to make that offer. It seems to me you are going to stand behind BetED to the end. But dont you think they knew something was up or was it just terrible timing on the part of at least hundreds of us due to their unbelievable promotional offer?
 
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Posted: #19

Quote Originally Posted by MikeMed:

Freedom, I was a BetED customer for just days. I am one of the suckers who decided to take advantage of the 100% match. Before I made a bet the FEDS already took over...I have heard from other BetED users that it was unheard of for BetED to make that offer. It seems to me you are going to stand behind BetED to the end. But dont you think they knew something was up or was it just terrible timing on the part of at least hundreds of us due to their unbelievable promotional offer?

Mikemed...im in the exact same boat as you.  I was always cautious about beted because of their ratings on sbr, but when i got that 100% bonus offer emailed to me, I did further research and discovered they were covers #1 ranked book.  Thats why im so f-n pissed because i turned $500 into just over 1500 in one day before they ran away with everyones money. 

 
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Posted: #20
One more thing, I dont blame Covers for not getting my money back and I truly dont understand while your trying to give all these people hope. From day 1 I knew I was out. If I get my money back I will consider it a bonus. Its all part of the game...I cant believe those Bastards at the US DOJ dont have better things to do. And if indeed I knew for sure BetED didnt see the FEDS coming they would be a victim just like the rest of us.
 
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Posted: #21
Here's what betED told me about the 100% offer...

First of all, we at Covers work with our advertisers to have regular promotions every week - and I will admit that we are on them all the time to come up with something unique, otherwise the ads just don't get a good response. And we are not going to apologize for that... there is a reason why we are a popular site to advertise, because we get you results.

So when betED's turn came up in the cycle we were pressuring them, as we do everybody, to come up with a good offer.

They told me they had noticed how half the US sportsbook sites had left the market in the previous few weeks, including supposedly BetUS (which turned out to be a lie, but betED didn't know that at the time) and and meanwhile betED had no plans to go anywhere.

They saw it as a one-time opportunity to pick up customers that had been left out in the cold by sites exiting the market. 

So they came up with a sweet offer to pick up those customers before somebody else did.

Just bad timing. 

Believe it or not.
 
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Posted: #22
Ok, Thanks for the quick response.
 
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Posted: #23
Quote Originally Posted by Freedom@Stake:

Here's what betED told me about the 100% offer...

First of all, we at Covers work with our advertisers to have regular promotions every week - and I will admit that we are on them all the time to come up with something unique, otherwise the ads just don't get a good response. And we are not going to apologize for that... there is a reason why we are a popular site to advertise, because we get you results.

So when betED's turn came up in the cycle we were pressuring them, as we do everybody, to come up with a good offer.

They told me they had noticed how half the US sportsbook sites had left the market in the previous few weeks, including supposedly BetUS (which turned out to be a lie, but betED didn't know that at the time) and and meanwhile betED had no plans to go anywhere.

They saw it as a one-time opportunity to pick up customers that had been left out in the cold by sites exiting the market. 

So they came up with a sweet offer to pick up those customers before somebody else did.

Just bad timing. 

Believe it or not.

Freedom...im not saying you arent trying to help get a bailout done, but im not buying that this was a mere coincidence for a second.  Ive never played at beted before this, yet ive gotten 100 emails from them with offeres that ranged anywhere from 10%-35% but never anything close to what this offer was.  Also, that bonus was only for p2p transfer deposits or visa deposits...seems a little convenient. 

 
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Posted: #24
rich, I'm just telling you what I was told, and it sounded like a somewhat reasonable sequence of events to me.

If you choose not to believe it, fine. You haven't believed a thing I've said for three weeks.
 
 
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Posted: #25
Quote Originally Posted by Freedom@Stake:

rich, I'm just telling you what I was told, and it sounded like a somewhat reasonable sequence of events to me.

If you choose not to believe it, fine. You haven't believed a thing I've said for three weeks.

Maybe i have been hard on you but you have to look at it from my perspective (and many others in my shoes).  I am out 1500 and all i read is every other forum blaming covers for getting in the way of a potantial deal.  Why isnt sbr blaming therx?  Or why isnt therx blaming calvinayre.com?  Or why isnt gambling911 blaming sbr?  Everyone is blaming covers for getting in the way of a deal.  Why would they do this?  Again, what do they have to gain from all blaming covers and not blaming each other?  Can you see the situation from where i sit?  Its just very frustrating...

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