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  • zoo youk
    SBR Posting Legend
    • 10-23-11
    • 10701

    #736
    Originally posted by coop
    why do people think this? There is no one on a beach with a case of 1.5 million dollars. The 1.5 million dollars figure is player account funds. Aka winnings. This far exceeded the cash they had on hand. They got buried by sharps, which is why once they lost backing they were immediately insolvent.

    Also, if SBR released the information about BI being fukked when they found out a month ago, what difference would it have made??? They release the info - BI is dead on the spot. People are acting like if SBR came forward a month ago, everyone would have gotten magically paid. Yes, its bullshit they still allowed deposits, but if they stopped those, someone would have outed them. Not saying anything gave Betislands a chance to AT LEAST TRY to find a different investor, which I'm sure they were being urged and convinced to do by Jon.

    SBR chose to look out for the bookie due to their personal and business relationship with him and hope that he could perhaps salvage player funds, versus outing him a month ago and posters have ZERO chance of getting their money back.

    SBR fukked up and compounded all of this by insulting everyone's intelligence with the "we just found out days ago" routine.

    But don't try to paint it like it was some fukking white collar crime Danny Ocean heist. It was a shitty bookie who took on any and all action and lost money consistently and had his backing pulled. He was just a halfwit moron who instead of paying back the small % he would have been able to decided to take it .
    finally. most logical and sharpest post i have seen in this whole thread.
    Comment
    • zoo youk
      SBR Posting Legend
      • 10-23-11
      • 10701

      #737
      Originally posted by wtt0315
      You guys are missing the point if sbr would of came forward you are right people still wouldn't of got paid but people would of stopped depositing also. By sbr keeping client they allowed people to deposit an average of 200k per week that went straight into their pockets and is sitting with them right now at their other book. I know for a fact that Ryan flew to the u.s on November 16th and picked up a 40k deposit that went straight into their pockets
      This pure and simple is theft
      ok, say hypothetically SBR DID know BUT they were being told BI had another financial backer coming in, they couldn't go public with this info or else the new financial backer would be completely scared off and never enter new negotiations in a million years with that type of information out there all over the boards and it being made public already. no financial backer is going to walk into that unless things are under wraps and not out in wide open for every to know whats up. they(SBR) very well could have been stuck between a rock and a hard very very hard place. that left them very well with no options and their hands cuffed that resulted in a shitted ended with egg on their face when they really were looking out for the player but in the end it looks as if they werent.

      and i doubt that 200k per week figure is true. major inflation.
      Last edited by zoo youk; 12-23-12, 10:30 AM.
      Comment
      • wtt0315
        SBR Hall of Famer
        • 01-18-07
        • 8037

        #738
        inflation no
        those were the numbers.. i am postitive

        Originally posted by zoo youk
        ok, say hypothetically SBR DID know BUT they were being told BI had another financial backer coming in, they couldn't go public with this info or else the new financial backer would be completely scared off and never enter new negotiations in a million years with that type of information out there all over the boards and it being made public already. no financial backer is going to walk into that unless things are under wraps and not out in wide open for every to know whats up. they(SBR) very well could have been stuck between a rock and a hard very very hard place. that left them very well with no options and their hands cuffed that resulted in a shitted ended with egg on their face when they really were looking out for the player but in the end it looks as if they werent.

        and i doubt that 200k per week figure is true. major inflation.
        Comment
        • wantitall4moi
          SBR MVP
          • 04-17-10
          • 3063

          #739
          If SBR were even HALF a 'watch dog' they would have downgraded them and warned players what was going on.

          I suspect they figured BI had enough money laying around to at least pay them (SBR) and maybe a couple 'select' account holders. Instead EVERYONE got screwed because some crackhead and his degenerate buddies were in charge of the funds.

          Thats why I say there was never more money in that place than what hadnt been picked up at the ** office.

          I doubt very highly there was ever a 'financial backer'. Other than the guys posting up money.

          This is EXACTLY how books used to operate, they would start up make a fancy website, offer deals and then get a clientele, thnen they would pay off anyone that was able to win AND request a withdrawal from those post ups. Thats why back in the day all those so called 'solid' and top notch books' all suddenly folded because more people actually started winning and expecting a pay out. Its easy to seem solid and respecatble when you have more money coming in than going out and you can keep it balanced.

          Most books, I would say none, including the biggest and the best have enough money to cover their balance sheets, I suspect most have way less than half. They just rely on the continuing post up money, the sites like SBR that continue to recommend them and the naivete of people believing that processor issues are to blame when everyone starts getting slow paid.

          if every book became transparent over night and was forced to show cash on hand, balance sheets, and other outstanding expenditures I suspect the whole industry would fold.
          Comment
          • Kermit
            BARRELED IN @ SBR!
            • 09-27-10
            • 32555

            #740
            So is this the first step down the same path covers.com has taken?

            1.) Affiliated Sportsbook scandal

            2.) Pakistani guy pretending to be Hot Sports Betting chick

            3.) Ads and Viruses showing up everywhere

            4.) Removal of avatars upon inspection

            5.) Full blown Swear filter in place

            6.) Tumbleweeds rolling around
            Comment
            • bettilimbroke999
              SBR Posting Legend
              • 02-04-08
              • 13254

              #741
              The "backer" came in and saw that they there were losing their ass and said penetrate this and ran off with all deposits instead

              The odds of getting a "new backer" is just a little bit low
              Comment
              • nosniboR11
                SBR Posting Legend
                • 09-02-08
                • 10042

                #742
                Originally posted by opie1988
                Feds on the site. Yeah, right. For what?? To collect points?

                I wonder if a federal agent has ever won POTM?

                opie I told you not to tell people, this got to close to me, I must disappear
                Comment
                • dj_destroyer
                  SBR MVP
                  • 07-28-10
                  • 3856

                  #743
                  Nutter, who cares if the 1.5m was real money... it was money that was OWED. That's all that matters. Anyone who thinks that BI ran off with the money obviously has no clue but that's neither here nor there.

                  Nasher, if you think you only donated to a worthy cause and SBR didn't benefit then you are not as sharp as I thought. In fact, give me ANY proof that that money did indeed go to a charity.

                  Kermit gets it.
                  Comment
                  • FrozenMAN
                    SBR MVP
                    • 01-23-09
                    • 4334

                    #744
                    is my gift card order gonna get processed and sent out or did i get ****** outta 14000 points!
                    Comment
                    • sickler
                      SBR Posting Legend
                      • 06-05-08
                      • 15006

                      #745
                      Originally posted by dj_destroyer
                      Nutter, who cares if the 1.5m was real money... it was money that was OWED. That's all that matters. Anyone who thinks that BI ran off with the money obviously has no clue but that's neither here nor there.

                      Nasher, if you think you only donated to a worthy cause and SBR didn't benefit then you are not as sharp as I thought. In fact, give me ANY proof that that money did indeed go to a charity.

                      Kermit gets it.
                      Ran off with some money. Did deposits stop rolling in when payouts stopped? No. They were still soliciting and receiving deposits after payouts stopped. Where is that money? Was more money paid out than taken in? Doubt it though I'm not privy to the financial records. There's always the opportunity for a cash grab when things go sour for a book. Once you're close to being in the red, stop the payouts with lame excuses like processor problems or whatever and keep soliciting for deposits. Offer a fantastic bonus as bait.
                      Comment
                      • ijenpo
                        SBR Sharp
                        • 12-09-09
                        • 460

                        #746
                        Originally posted by wantitall4moi
                        If SBR were even HALF a 'watch dog' they would have downgraded them and warned players what was going on.

                        I suspect they figured BI had enough money laying around to at least pay them (SBR) and maybe a couple 'select' account holders. Instead EVERYONE got screwed because some crackhead and his degenerate buddies were in charge of the funds.

                        Thats why I say there was never more money in that place than what hadnt been picked up at the ** office.

                        I doubt very highly there was ever a 'financial backer'. Other than the guys posting up money.

                        This is EXACTLY how books used to operate, they would start up make a fancy website, offer deals and then get a clientele, thnen they would pay off anyone that was able to win AND request a withdrawal from those post ups. Thats why back in the day all those so called 'solid' and top notch books' all suddenly folded because more people actually started winning and expecting a pay out. Its easy to seem solid and respecatble when you have more money coming in than going out and you can keep it balanced.

                        Most books, I would say none, including the biggest and the best have enough money to cover their balance sheets, I suspect most have way less than half. They just rely on the continuing post up money, the sites like SBR that continue to recommend them and the naivete of people believing that processor issues are to blame when everyone starts getting slow paid.

                        if every book became transparent over night and was forced to show cash on hand, balance sheets, and other outstanding expenditures I suspect the whole industry would fold.
                        this is true. same thing happened with full tilt.
                        Comment
                        • louis
                          SBR Wise Guy
                          • 09-23-06
                          • 763

                          #747
                          This list of accounts and balances is fake, this is a website that competes with SBR that posted it. There is no way for SBR and BI's affiliate program to know how sharp someone is who clicks on a link.
                          Comment
                          • Cuse0323
                            BARRELED IN @ SBR!
                            • 12-09-09
                            • 30169

                            #748
                            Originally posted by louis
                            This list of accounts and balances is fake, this is a website that competes with SBR that posted it. There is no way for SBR and BI's affiliate program to know how sharp someone is who clicks on a link.
                            Comment
                            • BranchDavidian
                              SBR MVP
                              • 08-29-10
                              • 1014

                              #749
                              Originally posted by louis
                              This list of accounts and balances is fake, this is a website that competes with SBR that posted it. There is no way for SBR and BI's affiliate program to know how sharp someone is who clicks on a link.
                              I guess you did not see that Justin7 and many other posters have verified that their accounts and balances were correct. You can add me to that list also. Just because the info comes from a competitor does not make it false. If you want to see some false info, look at the posts from SBR defending and promoting BI.
                              Comment
                              • Kaabee
                                SBR MVP
                                • 01-21-06
                                • 2482

                                #750
                                Originally posted by ijenpo
                                this is true. same thing happened with full tilt.
                                full tilt had zero excuse to go broke. you can't get burned by sharps as a poker site.
                                Comment
                                • ApricotSinner32
                                  Restricted User
                                  • 11-28-10
                                  • 10648

                                  #751
                                  Originally posted by BranchDavidian
                                  I guess you did not see that Justin7 and many other posters have verified that their accounts and balances were correct. You can add me to that list also. Just because the info comes from a competitor does not make it false. If you want to see some false info, look at the posts from SBR defending and promoting BI.
                                  Comment
                                  • tto827
                                    SBR Hall of Famer
                                    • 10-01-12
                                    • 9078

                                    #752
                                    Originally posted by BranchDavidian
                                    I guess you did not see that Justin7 and many other posters have verified that their accounts and balances were correct. You can add me to that list also. Just because the info comes from a competitor does not make it false. If you want to see some false info, look at the posts from SBR defending and promoting BI.
                                    There also could be dozens of extra names put on the list. They may have kept verifiable balances real, and made changes elsewhere. I'm not saying this is the case, just that it is definitely possibility.
                                    Comment
                                    • BranchDavidian
                                      SBR MVP
                                      • 08-29-10
                                      • 1014

                                      #753
                                      Originally posted by tto827
                                      There also could be dozens of extra names put on the list. They may have kept verifiable balances real, and made changes elsewhere. I'm not saying this is the case, just that it is definitely possibility.
                                      There could be a spaceship hovering around the dark side of the moon waiting to take us all to Heaven after we have swallowed the cool-aid, too. " I'm not saying this is the case, just that it is definitely possibility."
                                      Last edited by BranchDavidian; 12-24-12, 11:58 AM.
                                      Comment
                                      • bettilimbroke999
                                        SBR Posting Legend
                                        • 02-04-08
                                        • 13254

                                        #754
                                        Originally posted by Kaabee
                                        full tilt had zero excuse to go broke. you can't get burned by sharps as a poker site.
                                        Full Tilt literally ran their business the last 2 months WITHOUT BEING ABLE TO PROCESS DEPOSITS

                                        I know what you're saying wtf wtf wtf...but yes you would deposit there and NEVER BE CHARGED....dream come true right...anyone who couldnt see this would be a problem is not only braindead but has no brain whatsoever....you think payment processing problems mean trouble well I can tell you if a book cant even process DEPOSITS yet allows the fish to play with the funds anyway is about 10000x worse
                                        Last edited by bettilimbroke999; 12-24-12, 02:22 PM.
                                        Comment
                                        • Robber
                                          SBR Hall of Famer
                                          • 10-21-09
                                          • 6432

                                          #755
                                          Originally posted by JasonDC
                                          Be careful about what wtt? i hope they do call from a new book offering a bailout..i accept!..unless there is a deposit required to accept.
                                          To get a bailout you'd probably have to match whatever money with a new deposit and then roll it 25x
                                          Comment
                                          • Robber
                                            SBR Hall of Famer
                                            • 10-21-09
                                            • 6432

                                            #756
                                            Originally posted by SBR_John
                                            They owe us for December.

                                            I do agree both for players and websites we should all stick with the A group. Would of saved us all a lot of typing and money.
                                            They already went under at beginning of December they can't owe for december
                                            Comment
                                            • Jnas
                                              SBR Wise Guy
                                              • 08-26-10
                                              • 760

                                              #757
                                              Originally posted by louis
                                              This list of accounts and balances is fake, this is a website that competes with SBR that posted it. There is no way for SBR and BI's affiliate program to know how sharp someone is who clicks on a link.
                                              you don't now what you are talking about it is 100% real.
                                              Comment
                                              • Kaabee
                                                SBR MVP
                                                • 01-21-06
                                                • 2482

                                                #758
                                                Originally posted by bettilimbroke999
                                                Full Tilt literally ran their business the last 2 months WITHOUT BEING ABLE TO PROCESS DEPOSITS

                                                I know what you're saying wtf wtf wtf...but yes you would deposit there and NEVER BE CHARGED....dream come true right...anyone who couldnt see this would be a problem is not only braindead but has no brain whatsoever....you think payment processing problems mean trouble well I can tell you if a book cant even process DEPOSITS yet allows the fish to play with the funds anyway is about 10000x worse

                                                i just mean no excuse in the sense that you can't go broke from people winning too much. i know they ran their site like shit.
                                                Comment
                                                • Robber
                                                  SBR Hall of Famer
                                                  • 10-21-09
                                                  • 6432

                                                  #759
                                                  Originally posted by Sam Odom
                                                  Like I said two days ago... Just stay with the Books who were in Biz BEFORE SBR came along
                                                  Lol Sammy very short list
                                                  Comment
                                                  • PAULYPOKER
                                                    BARRELED IN @ SBR!
                                                    • 12-06-08
                                                    • 36581

                                                    #760
                                                    .....................
                                                    Last edited by PAULYPOKER; 12-25-12, 03:00 PM.
                                                    Comment
                                                    • BranchDavidian
                                                      SBR MVP
                                                      • 08-29-10
                                                      • 1014

                                                      #761
                                                      Originally posted by PAULYPOKER
                                                      This thread is still goin,

                                                      unfukkin real beyond my wildest belief,

                                                      eat your loss move on,

                                                      this LOSS is an everyday affair for you guys,

                                                      Jesus H Christ.....................
                                                      I guess we can assume that you did not get fleeced here.
                                                      Comment
                                                      • yahoonino
                                                        SBR MVP
                                                        • 08-10-07
                                                        • 2651

                                                        #762
                                                        wow 247 k never never never,,,,
                                                        Comment
                                                        • crustyme
                                                          SBR Posting Legend
                                                          • 09-29-10
                                                          • 16896

                                                          #763
                                                          this reminds me of when bush was warned about hijackings in aug 2001. he ignored it and went golfing. then feigned surprise when 9-11 happened.
                                                          Comment
                                                          • raydog
                                                            SBR Hall of Famer
                                                            • 11-07-07
                                                            • 6984

                                                            #764
                                                            Originally posted by BranchDavidian
                                                            There could be a spaceship hovering around the dark side of the moon waiting to take us all to Heaven after we have swallowed the cool-aid, too. " I'm not saying this is the case, just that it is definitely possibility."
                                                            bd, considering the source of all this is a book ran by old school scammers with an already shit reputation for theft from years back who absolutely hate sbr, and their forum that bashes sbr every chance it gets, you cant rule out the possibility that some things have been doctored on that sheet... as well as other documents they have access (stolen or paid for) too...not saying the main stuff on there is false, because we know it to be true, i just wouldnt trust everything i see that am.bookie or that shithole a t b site puts out either...
                                                            Comment
                                                            • Bumble29
                                                              SBR Rookie
                                                              • 12-22-12
                                                              • 39

                                                              #765
                                                              Originally posted by raydog
                                                              bd, considering the source of all this is a book ran by old school scammers with an already shit reputation for theft from years back who absolutely hate sbr, and their forum that bashes sbr every chance it gets, you cant rule out the possibility that some things have been doctored on that sheet... as well as other documents they have access (stolen or paid for) too...not saying the main stuff on there is false, because we know it to be true, i just wouldnt trust everything i see that am.bookie or that shithole a t b site puts out either...
                                                              PropPlayer on 2+2 vouched for it. He is sharp and I would trust him over 99.99999999999% of people on this site. It is real.

                                                              Also I would lay any number that it will come out SBR was the "backer" for BI. They may have been connected with one of the crime family members arrested in the Pinnacle busts but I think any logical person who puts all the information available together will look at it and say SBR was the "money" behind this book.

                                                              Jon may have went rogue and scammed SBR in the end as its pretty clear he is a complete scumbag from his earlier work with these books but SBR_John and Jon entered into a business relationship to create a sportsbook and use the power of SBR to make it huge.

                                                              It is actually a good idea except those two idiots are so square they couldnt implement measures that would have made it sustainable long term and profitable and instead took the quick cash. There were over 170 thousand in deposits after they were insolvent and so at minimum that is what was ran off with.
                                                              Last edited by Bumble29; 12-25-12, 05:42 PM.
                                                              Comment
                                                              • Pete0
                                                                SBR MVP
                                                                • 04-09-10
                                                                • 3849

                                                                #766
                                                                Don't worry guys, Jon will take care of you, he always looks out for the player.

                                                                For the holiday season, they have very special one-time only deposit bonus.
                                                                BI wishes everyone a merry and safe christmas !

                                                                Cheers !
                                                                Comment
                                                                • crustyme
                                                                  SBR Posting Legend
                                                                  • 09-29-10
                                                                  • 16896

                                                                  #767
                                                                  Originally posted by daimoshokage
                                                                  I won't give a fukk if BI stiffed me.. As long as I'm on the sharp column, I'm all good!

                                                                  If I'm on the Average Joe column, then I will be pissed as hell..
                                                                  thats weird cause i dont see a "wang fu ho" on the sharp list.

                                                                  Comment
                                                                  • BranchDavidian
                                                                    SBR MVP
                                                                    • 08-29-10
                                                                    • 1014

                                                                    #768
                                                                    Originally posted by raydog
                                                                    bd, considering the source of all this is a book ran by old school scammers with an already shit reputation for theft from years back who absolutely hate sbr, and their forum that bashes sbr every chance it gets, you cant rule out the possibility that some things have been doctored on that sheet... as well as other documents they have access (stolen or paid for) too...not saying the main stuff on there is false, because we know it to be true, i just wouldnt trust everything i see that am.bookie or that shithole a t b site puts out either...
                                                                    Well, now we see that we can lump SBR right in with all the other shitholes who can't be trusted, can't we!
                                                                    Comment
                                                                    • Not-A-Kid
                                                                      SBR Wise Guy
                                                                      • 03-07-11
                                                                      • 525

                                                                      #769
                                                                      Comment
                                                                      • gdoom
                                                                        SBR Wise Guy
                                                                        • 09-25-10
                                                                        • 606

                                                                        #770
                                                                        This is seriously penetrating bullshit. I only lost $500 however,, went there because of SBR
                                                                        Comment
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