Look, remember last year when Toyota, for the first time in fifty years, had some bad floor mats that caused some accidents?
And the media and all of the competition jumped all over that situation because Toyota was #1 at the time and it was the first time they slipped up. It was a field day for everybody else and for a few weeks the world forgot that Toyotas were still probably the most dependable vehicles on the road - once you changed that floor mat.
Same situation. Different industry.
Toyota screwed themselves at the time because they tried to cover up instead of being upfront about the situation.
I'm starting to understand their point of view because I've been trying to be as upfront as possible for three weeks and have tried to take the high road while everybody else is lining up to take their free shot.
But I know that this too will pass, and in the end we will have done right for our customers.
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Look, remember last year when Toyota, for the first time in fifty years, had some bad floor mats that caused some accidents?
And the media and all of the competition jumped all over that situation because Toyota was #1 at the time and it was the first time they slipped up. It was a field day for everybody else and for a few weeks the world forgot that Toyotas were still probably the most dependable vehicles on the road - once you changed that floor mat.
Same situation. Different industry.
Toyota screwed themselves at the time because they tried to cover up instead of being upfront about the situation.
I'm starting to understand their point of view because I've been trying to be as upfront as possible for three weeks and have tried to take the high road while everybody else is lining up to take their free shot.
But I know that this too will pass, and in the end we will have done right for our customers.
Look, remember last year when Toyota, for the first time in fifty years, had some bad floor mats that caused some accidents?
And the media and all of the competition jumped all over that situation because Toyota was #1 at the time and it was the first time they slipped up. It was a field day for everybody else and for a few weeks the world forgot that Toyotas were still probably the most dependable vehicles on the road - once you changed that floor mat.
Same situation. Different industry.
Toyota screwed themselves at the time because they tried to cover up instead of being upfront about the situation.
I'm starting to understand their point of view because I've been trying to be as upfront as possible for three weeks and have tried to take the high road while everybody else is lining up to take their free shot.
But I know that this too will pass, and in the end we will have done right for our customers.
I can only hope that in the end you will in fact do right by your customers
0
Quote Originally Posted by Freedom@Stake:
Look, remember last year when Toyota, for the first time in fifty years, had some bad floor mats that caused some accidents?
And the media and all of the competition jumped all over that situation because Toyota was #1 at the time and it was the first time they slipped up. It was a field day for everybody else and for a few weeks the world forgot that Toyotas were still probably the most dependable vehicles on the road - once you changed that floor mat.
Same situation. Different industry.
Toyota screwed themselves at the time because they tried to cover up instead of being upfront about the situation.
I'm starting to understand their point of view because I've been trying to be as upfront as possible for three weeks and have tried to take the high road while everybody else is lining up to take their free shot.
But I know that this too will pass, and in the end we will have done right for our customers.
I can only hope that in the end you will in fact do right by your customers
Look, remember last year when Toyota, for the first time in fifty years, had some bad floor mats that caused some accidents?
And the media and all of the competition jumped all over that situation because Toyota was #1 at the time and it was the first time they slipped up. It was a field day for everybody else and for a few weeks the world forgot that Toyotas were still probably the most dependable vehicles on the road - once you changed that floor mat.
Same situation. Different industry.
Toyota screwed themselves at the time because they tried to cover up instead of being upfront about the situation.
I'm starting to understand their point of view because I've been trying to be as upfront as possible for three weeks and have tried to take the high road while everybody else is lining up to take their free shot.
But I know that this too will pass, and in the end we will have done right for our customers.
I don't have a dog in this fight, but I do empathize with the players that lost money.
The Toyota analogy is way off the mark. Toyota sold vehicles directly to consumers through their dealerships. They claimed responsibility for the floor mat defects, replaced them and everyone came out more or less ok. Sure, there were a few accidents, but the bottom line is that the problem was identified and solved.
This situation is about a middle man pumping up a book that was about to flop.
A more appropriate comparison would be a broker who recommends a bad stock to an investor, then blames the market and the company itself when things go belly up.
The problem here is that Covers' target demographic is the small time player. Those of us that have been around for a few years know that there aren't many professional players here. The small time players look up to a site like Covers for recommended books and when a book is ranked # 1, the public has every reason to believe in that book.
I think it's time to raise some honest questions about the extent of the Covers / BetEd relationship.
As is stands, Covers would appear to be stagnated in denial / anger mode. For the sake of the players that lost their balances, it would be helpful if things moved closer to the bargaining stage.
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Quote Originally Posted by Freedom@Stake:
Look, remember last year when Toyota, for the first time in fifty years, had some bad floor mats that caused some accidents?
And the media and all of the competition jumped all over that situation because Toyota was #1 at the time and it was the first time they slipped up. It was a field day for everybody else and for a few weeks the world forgot that Toyotas were still probably the most dependable vehicles on the road - once you changed that floor mat.
Same situation. Different industry.
Toyota screwed themselves at the time because they tried to cover up instead of being upfront about the situation.
I'm starting to understand their point of view because I've been trying to be as upfront as possible for three weeks and have tried to take the high road while everybody else is lining up to take their free shot.
But I know that this too will pass, and in the end we will have done right for our customers.
I don't have a dog in this fight, but I do empathize with the players that lost money.
The Toyota analogy is way off the mark. Toyota sold vehicles directly to consumers through their dealerships. They claimed responsibility for the floor mat defects, replaced them and everyone came out more or less ok. Sure, there were a few accidents, but the bottom line is that the problem was identified and solved.
This situation is about a middle man pumping up a book that was about to flop.
A more appropriate comparison would be a broker who recommends a bad stock to an investor, then blames the market and the company itself when things go belly up.
The problem here is that Covers' target demographic is the small time player. Those of us that have been around for a few years know that there aren't many professional players here. The small time players look up to a site like Covers for recommended books and when a book is ranked # 1, the public has every reason to believe in that book.
I think it's time to raise some honest questions about the extent of the Covers / BetEd relationship.
As is stands, Covers would appear to be stagnated in denial / anger mode. For the sake of the players that lost their balances, it would be helpful if things moved closer to the bargaining stage.
The best analogy i can come up with is this, You know who some company gets a professional athlete to promote their product. Thus Beted and Covers(being the hypothetical professional athlete) You shouldn't just take the money and run and uphold the product if it sucks! But that happens alot. It happened here in this case! An athlete that has integrity and is good will only advertise the product if they use it and agree with it. That is how it should be but not in today's world! The highest bidder wins! Doesn't matter how much the product or book sucks! It is all about the Dollar Bills! Granted you should never just wholeheartedly trust someone else's opinion and take it for face value. You have to watch out for yourself and DTA( Don't trust anyone, especially if there is monetary gain or loss possible. Is it covers' complete fault, no. Should they shoulder some of the blame, yes. Because not everyone is a leader, most are followers. While each of us always take a chance at what we do, and ultimately you should take responsibility for your own actions. But everything should not be about money either! If a sportsbook sucks, Don't cram it down everyone's throat and make it out to be something, it clearly is not! To each their own, but that is how i see it. Furthermore, you said it yourself, Freedom, covers isn't the say all of how this pans out, But don't make promises, you know you can't keep! I am an outsider in this because i never did business with beted in the first place! I had an account there but never used it, everything they did and how they handled everything, to me, seemed really shady and unprofessional. Guess my gut was right!
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The best analogy i can come up with is this, You know who some company gets a professional athlete to promote their product. Thus Beted and Covers(being the hypothetical professional athlete) You shouldn't just take the money and run and uphold the product if it sucks! But that happens alot. It happened here in this case! An athlete that has integrity and is good will only advertise the product if they use it and agree with it. That is how it should be but not in today's world! The highest bidder wins! Doesn't matter how much the product or book sucks! It is all about the Dollar Bills! Granted you should never just wholeheartedly trust someone else's opinion and take it for face value. You have to watch out for yourself and DTA( Don't trust anyone, especially if there is monetary gain or loss possible. Is it covers' complete fault, no. Should they shoulder some of the blame, yes. Because not everyone is a leader, most are followers. While each of us always take a chance at what we do, and ultimately you should take responsibility for your own actions. But everything should not be about money either! If a sportsbook sucks, Don't cram it down everyone's throat and make it out to be something, it clearly is not! To each their own, but that is how i see it. Furthermore, you said it yourself, Freedom, covers isn't the say all of how this pans out, But don't make promises, you know you can't keep! I am an outsider in this because i never did business with beted in the first place! I had an account there but never used it, everything they did and how they handled everything, to me, seemed really shady and unprofessional. Guess my gut was right!
A2C, I can't argue with that comparison either, other than the fact that up till this situation, we had NEVER recommended a book that went sour.
Never. In 16 years. Until now.
None of the other sites that have been around for any length of time could claim that - and now we can't either.
So you might lump us in with the pump-and-dump crowd, but I personally feel it's undeserved, although I can understand if you feel otherwise.
You can raise all the questions you want. We have nothing to hide. They were an advertiser.
As I have mentioned before, we had many reasons that we thought betED was the best option for our player base of mainly recreational gamblers. In fact, it was because of their conservative focus that we liked them.
What we didn't know is that apparently they didn't do a great job of hedging their bank accounts between different banks and countries, so when the DOJ got them, they got everything. Too many eggs, not enough baskets.
I'm going to get into this a little more in depth in a day or so in what will probably be an ill-advised blog post defending our position, but in the end, nobody will believe us until the players get paid, and I understand that.
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A2C, I can't argue with that comparison either, other than the fact that up till this situation, we had NEVER recommended a book that went sour.
Never. In 16 years. Until now.
None of the other sites that have been around for any length of time could claim that - and now we can't either.
So you might lump us in with the pump-and-dump crowd, but I personally feel it's undeserved, although I can understand if you feel otherwise.
You can raise all the questions you want. We have nothing to hide. They were an advertiser.
As I have mentioned before, we had many reasons that we thought betED was the best option for our player base of mainly recreational gamblers. In fact, it was because of their conservative focus that we liked them.
What we didn't know is that apparently they didn't do a great job of hedging their bank accounts between different banks and countries, so when the DOJ got them, they got everything. Too many eggs, not enough baskets.
I'm going to get into this a little more in depth in a day or so in what will probably be an ill-advised blog post defending our position, but in the end, nobody will believe us until the players get paid, and I understand that.
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