SBR_John - Admin - Staff & Mods any comment ? Your BI Sheet
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tto827SBR Hall of Famer
- 10-01-12
- 9078
#246Comment -
PAULYPOKERBARRELED IN @ SBR!
- 12-06-08
- 36581
#247The final piece of the puzzle..................
BOOM!
Thursday, October 25, 2012
Multimillion dollar sports betting ring busted in Queens
Five Families of New York City: Multimillion dollar sports betting ring busted in Queens
After being a spectator for a few days of this situation I wanted to add some input to this mess I am one of the managers at one of the sportsbooks that Betislands was approached by for a bailout and after reading some of the posts here I wanted to add my 2 cents as someone who saw their books and understood the situation.
Despite of the some of the comments that you read on here Betislands in fact did have actual financial backing " old school credit guy " this is why players for 2 years got paid with any sort of problems. If this would have been a " scam " they would have closed shop long ago fact is this book was running on a negative balance sheet for a while now and payouts were being made out of the bankers pocket.
Betislands would have continued dishing out payments if the financial backer would not have been arrested.
There was no money to steal because Betislands had paid more out then what they took in deposits.
Sharp players had their way with this brand and most of them came from this very website , syndicate groups , bonus whoring this is why my boss turned down the book. And that is why most sportsbook owners hate SBR.
SBR had a nice piece of the losses when they came though up to 25% If I am not mistaken , granted this website is a business just like any other but denying the fact that SBR profited from this would be a lie.
No BAILOUT is coming , this book was brouight to the door of most of the larger companies and actually almost begged for someone to pick it up just to get a NO.
In a nutshell Betislands was never intended to be a stiff job they paid people for 2 seasons and I would on ocassion read that some players thought an A rating would be more suitable for this book after getting paid .... fact is the main owner / bank got busted and the funding stopped since he was the only one with any sort of bank behind him it is not the first time this happens nor will it be the last. Uncle Sam is getting his way the last few years.
SBR..
Betonline an A ?? Cmon save face SBR these rating need to improve there are much better and safer C shops than some of the B sportsbooks.
Dont send players to another rabbit hole.
This may be my last post here if I am not allowed to post again my post has no other intention but to inform players that were affected by this situation on what really happend and to wish them the best of luck.
Any and all of this info can be confirmed by most people in the know and in the sportsbook industry.
If I have anymore info I will share it with this forum community.
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raiders72001Senior Member
- 08-10-05
- 11108
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flyingilliniSBR Aristocracy
- 12-06-06
- 41219
#250Has anyone realized what company actually owns ************ and other forums we visit. This goes deeper than you would ever imagine. Never seen so many gullable people.המוסד
המוסד למודיעין ולתפקידים מיוחדים
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Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#252raiders , saw your name on the list under
SBR_Fish
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raiders72001Senior Member
- 08-10-05
- 11108
#253I see at as conspiracy theories gone wild. Sharp Odds seems to be the only one painting a realistic scenario.Comment -
paranoyd androydSBR Hall of Famer
- 10-01-11
- 6459
#255it's hard to be nice to you when you're calling people dipshit or fukking stupid
please, if you have information, i would love to hear it. i wasn't trying to be condescending, i trusted that posting from the sportsbook manager who saw the books, since i haven't really read anything else from someone that saw their assets, liabilities, etc
it's not about original 'intent' here, it's about outcome. and the bottom line is that the outcome of this situation was made far worse by SBR employees not only hiding pertinent information from their customers, but also encouraging them right into its death spiral. BI cashflow had the top priority spot and by whatever means possible. the whole thing is just so fukkin sick, wake up.Last edited by paranoyd androyd; 12-21-12, 08:03 PM.Comment -
dj_destroyerSBR MVP
- 07-28-10
- 3856
#258Raiders72001, We shouldn't be trying to censor this or hide identities. Everyone who had an account there should came out and say so, and band together to find a solution. Has anyone talked to a lawyer yet? Sure, the law is touchy here but with 1.5m at stake, I'm sure there's hundreds of lawyers who would give it a shot. We also shouldn't respect BetIslands or SBR as legit organizations.
BillDozer, Please come forward or resign.
Justin7, You're getting an awfully bad reputation by not speaking up. If you ask me, justin got paid 'off the records' to shut up.Comment -
milwaukee mikeBARRELED IN @ SBR!
- 08-22-07
- 26914
#259yeah i read that manager's post. doesn't matter that BI never 'intended' to be a scam book and that they 'paid for two seasons'. that's completely irrelevant and a distraction to current matters.
it's not about original 'intent' here, it's about outcome. and the bottom line is that the outcome of this situation was made far worse by SBR employees not only hiding pertinent information from their customers, but also encouraging them right into its death spiral. BI cashflow had top priority spot and by whatever means possible. the whole thing is just so fukkin sick, wake up.
i do think intent makes a small difference though (splitting hairs), we'll agree to disagree on that.
Comment -
paranoyd androydSBR Hall of Famer
- 10-01-11
- 6459
#260oh i haven't even been close to on sbr's side in this ordeal. i've been plastering pictures of sslp all over the place and posting everything i can find. i agree wholeheartedly that sbr rating them a b/c right up until the end was downright criminal.
i do think intent makes a small difference though (splitting hairs), we'll agree to disagree on that.
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pacoSBR Aristocracy
- 05-07-09
- 62873
#261This Shit crayComment -
paranoyd androydSBR Hall of Famer
- 10-01-11
- 6459
#263Comment -
zoo youkSBR Posting Legend
- 10-23-11
- 10701
#265i would not put any merit into that AT ALL. AK is one of the slim bag posters around and is looking for a huge opportunity to BOOST TRAFFIC to and make a name for his website, would not surprise me one bit if the story is 100% fabricated.Comment -
KaabeeSBR MVP
- 01-21-06
- 2482
#268why did you say in may that you couldn't play there and in november that you were booted.
Originally Posted by Justin7
These guys get it. I would play there, if they would let me.
Originally Posted by Justin7
I've been tossed from SIA and BI. With 5D, Heritage, Greek and BM, I had severe limits put in place. I spoke to them, found out what they didn't want, promised to avoid what they did not want. The accounts became useful again.
A book has a right to reject anyone for any or no reason. Your sportsbook is a business partner. You can still beat them, and give them utility. But don't expect to keep taking their money if they get no benefit from your action.Comment -
rm18SBR Posting Legend
- 09-20-05
- 22291
#269Justin said he was banned 7 weeks ago? So have you been trying cashout for over 7 weeks with no wagers being placed? That is possible just wondering when I got banned from beted it still book probably 10 weeks to get all my money out.Comment -
SeaweedBARRELED IN @ SBR!
- 01-19-12
- 26315
#270This is sad news. Very sad news for those who lost money there. Sorry guys.Comment -
ChimneyfishSBR MVP
- 09-30-10
- 1217
#271Some people here are questioning why you had that kind of money in a book that you previously said no longer accepts your action.
I do believe you when you say you were stiffed on this, but I'm sure you can understand why people would have some questions.Comment -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#272
that would jive with this...
Purportedly - SSLP/Jon said
SBR has been aware of the Companies distair (sic) broke situation for almost 6 weeks and Bill Dozer said "Keep going as long as you can"Comment -
SmokeSBR Aristocracy
- 10-09-09
- 48111
#273Anyone find it odd that all those SBR mods had cash in there?Comment -
raiders72001Senior Member
- 08-10-05
- 11108
#274Now they should deny the 1000's of accusations, half by you? SBR is wrong and played a huge part in players getting stiffed by covering this up. That said, they can't reply to all your childish accusations and insults. Go in the corner with your sippy cup and let others discuss this intellectually.Comment -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#276raiders , Sammy has carefully worded everything he has said in this thread...Comment -
paranoyd androydSBR Hall of Famer
- 10-01-11
- 6459
#278Raiders72001, We shouldn't be trying to censor this or hide identities. Everyone who had an account there should came out and say so, and band together to find a solution. Has anyone talked to a lawyer yet? Sure, the law is touchy here but with 1.5m at stake, I'm sure there's hundreds of lawyers who would give it a shot. We also shouldn't respect BetIslands or SBR as legit organizations.
BillDozer, Please come forward or resign.
Justin7, You're getting an awfully bad reputation by not speaking up. If you ask me, justin got paid 'off the records' to shut up.Comment -
BranchDavidianSBR MVP
- 08-29-10
- 1014
#279Now they should deny the 1000's of accusations, half by you? SBR is wrong and played a huge part in players getting stiffed by covering this up. That said, they can't reply to all your childish accusations and insults. Go in the corner with your sippy cup and let others discuss this intellectually.Comment
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