1. #246
    SBR Lou
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    Quote Originally Posted by alling View Post
    what happened to my thread/post titled “BetED.com Folded Like a Cheap Suit: BetOnLine.com Bailout Suitor" that i found on gambling911.com?
    Your thread is right here. No one has replied to it yet.

  2. #247
    stats13
    f&ck beted
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    this is turning into quite the suck

  3. #248
    pokerplayer22
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    Why was this thread moved from the sportsbook/industry forum??

  4. #249
    cloudagh
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    Quote Originally Posted by Bill Dozer View Post
    Some details of the bailout...10% would be available each month as long as the balance was rolled over 1x. It's essentially a 10x rollover with the money being available in 10 pieces and after 1x rollover for each piece. No deposit. w/d fees would apply.

    If players happen to already bet at this book or want bigger action anyway, they can match their balance with a deposit and have their funds anytime after 10x rollover. It's essentially a no limit 100% bonus with 10x play-through.
    I am owed low 5 figures at Cascade. I can still prove my balance. I will take this offer and likely match my balance in a deposit if BOL would like to "Beted" me!!

    Let me know Alex.

  5. #250
    shari91
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    Quote Originally Posted by pokerplayer22 View Post
    Why was this thread moved from the sportsbook/industry forum??
    It wasn't but for some reason it wasn't appearing in here. I swear there's some weird voodoo happening with this thread the past few hours - it's been driving me batty! I've fixed it now

  6. #251
    pokerplayer22
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    Quote Originally Posted by shari91 View Post
    It wasn't but for some reason it wasn't appearing in here. I swear there's some weird voodoo happening with this thread the past few hours - it's been driving me batty! I've fixed it now
    Thanks Shari

  7. #252
    alling
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    Quote Originally Posted by Lou View Post
    Your thread is right here. No one has replied to it yet.
    Wasnt there when I posted my question half hour after thread was made. Find it strange that no one replied either.

  8. #253
    mlbFutures
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    How would a buyout affect beted wagers that are still pending?

    I had several mlb futures bets with beted. How would they be affected in a buyout? I assume the winnings would face the same rollover restrictions as existing account balances?

  9. #254
    chachi
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    God only knows mlb ... but presumedly so

  10. #255
    Bill Dozer
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    Quote Originally Posted by mlbFutures View Post
    I had several mlb futures bets with beted. How would they be affected in a buyout? I assume the winnings would face the same rollover restrictions as existing account balances?
    BetEd could include whatever terms they wanted including the pending future bets or the bonuses that are almost fully rolled over. Their first priority is getting more cash for themselves so they'll likely make the debt liability look as small as they can. They'll take the money instead of passing on what they can to the players.

    They are essentially stealing from you twice by asking for cash and lessening the value of your money with balance requirements. By asking or receiving anything, players get less. It's not a new scam and has been going on since the early years. Sportsbook takes X in deposits and sells them to book Y for a profit and book Y adds a rollover and makes a profit. Everyone wins except players.

    Covers really shot themselves in the foot by putting BetED's private terms out there and how BetED had actually asked for cash and revenue share for the privilege of picking up the tab for their players. We didn't want BetED to turn away from the BetOnline offer because we publicized their requests for cash... but now that the curtain is pulled back, players can see how the scam was developing and why they wanted to ignore and discredit legit bailout offers.

  11. #256
    Iwinyourmoney
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    What would keep beted from reducing/zeroing out your balance to make a offer look better?

    Example: we owe players 400,000$. If we make it look like we only owe 250,000 maybe the bailout with throw us some bucks for us cause the bailout isn't very big?

    I have been just sitting and watching this.....but I have a decent sized balance there from a deposit a long ass time ago....I'm afraid they would do as described as above

  12. #257
    PanamaBrad
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    Wow, somewhat new to the offshore villainy, but it is amazing to me a book would offer to carry another scumbag books water. Good to see its a Panama based book.

  13. #258
    acarmelo1
    The Panamanian Connection
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    Quote Originally Posted by PanamaBrad View Post
    Wow, somewhat new to the offshore villainy, but it is amazing to me a book would offer to carry another scumbag books water. Good to see its a Panama based book.
    Yup, Hurray for Panama!!!!!!

  14. #259
    stats13
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    why we cheering panama, theres no news is there? of course there isn't

  15. #260
    SBR_John
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    Covers really shot themselves in the foot by putting BetED's private terms out there and how BetED had actually asked for cash and revenue share for the privilege of picking up the tab for their players. We didn't want BetED to turn away from the BetOnline offer because we publicized their requests for cash... but now that the curtain is pulled back, players can see how the scam was developing and why they wanted to ignore and discredit legit bailout offers.
    Huh?

  16. #261
    Bill Dozer
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    Covers posted some "bailout" details for the players. Not only did they outline what the players would get, they revealed that BetEd would get cash and part of any future revenue from the players that were formerly at BetED. I'm sure whoever this book is, if real, had their head in their hands when they read that. Telling players that BetED benefits from their play is a sure fire way to assure withdrawals the day the rollover is over.

    BetOnline said no to BetED's request for cash but BetOnline hoped they could still help players. No one wanted to out BetED that they were treating stiffed players as a commodity. Now that Covers did that, potential bail-out books want to make sure they aren't seen as making money at players' expense. They know if there is equity there it should go to the victims not BetEd's pocket.

  17. #262
    acarmelo1
    The Panamanian Connection
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    Ohhh

  18. #263
    Bill Dozer
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    Quote Originally Posted by Iwinyourmoney View Post
    What would keep beted from reducing/zeroing out your balance to make a offer look better?

    Example: we owe players 400,000$. If we make it look like we only owe 250,000 maybe the bailout with throw us some bucks for us cause the bailout isn't very big?

    I have been just sitting and watching this.....but I have a decent sized balance there from a deposit a long ass time ago....I'm afraid they would do as described as above
    It's very possible. That's why a book in trouble has the rescuing book to its office to see the numbers, the biggest balance list, and does so before the site is offline and the office is cleared out. Nothing is to keep BetED from seeding the balance sheet with fake accounts or deleting a 10 team parlay winners.

  19. #264
    RickySteve
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    This industry needs more violence.

  20. #265
    BookTaker
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    they should make lines on this.

    Who will bail out ED?

    Cris -400
    Greek +150
    BetOnline -450
    5dimes -110
    Heritage +300
    BoDog -110

    maybe you can come up with better lines

  21. #266
    Domer
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    Bodog would be a natural fit...one can only hope BetEd players would get that lucky.

    Covers have proven themselves (yet again) to be scumbags in this ordeal. The owners can't be too happy to have their names and locations revealed in the article. A lot of pissed off customers.

  22. #267
    chachi
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    Quote Originally Posted by BookTaker View Post
    they should make lines on this.

    Who will bail out ED?

    Cris -400
    Greek +150
    BetOnline -450
    5dimes -110
    Heritage +300
    BoDog -110

    maybe you can come up with better lines
    off the top of my head that looks to be about a 67% edge

    actually its likely a 100% edge as you aren't offering 'any other' or such
    Last edited by chachi; 06-10-11 at 11:05 PM.

  23. #268
    secretstash
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    i think covers just has their hands in cookie jar so they can get the balance due to them for advertising and also make sure they get money from the advertiser who is taking the players on as they want them to be on their affiliate list

    -stash

  24. #269
    mikeybets
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    never

  25. #270
    beyond
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    i say it's going to be a new book that will carry our accounts but not the balance.

  26. #271
    alling
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    Quote Originally Posted by BookTaker View Post
    they should make lines on this.

    Who will bail out ED?

    Cris -400
    Greek +150
    BetOnline -450
    5dimes -110
    Heritage +300
    BoDog -110

    maybe you can come up with better lines

    will beted accept a bailout?

    yes +999999
    no -999999

  27. #272
    thetrinity
    penetrate me to tears
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    guys this pissing contest you have with covers is about as juvenile as it comes. you dont like them, they dont like you. we get it. lets worry about a deal being done sooner rather then later. they are a clown operation, everyone knows that already. just ignore them they arent worth it.

  28. #273
    dark star
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    This is really disguisting.BOL wanted to help out...I think they will eventually do it.Cris/Greek would probably do something.Could be a combination of the 3 books.

  29. #274
    SBR_John
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    Quote Originally Posted by thetrinity View Post
    guys this pissing contest you have with covers is about as juvenile as it comes. you dont like them, they dont like you. we get it. lets worry about a deal being done sooner rather then later. they are a clown operation, everyone knows that already. just ignore them they arent worth it.
    There is no pissing contest.

    We received a communication from a book wanting to acquire the betED database. We forwarded it to Covers. If you recall they denied there was an offer for the longest time and denied we had emailed them and went on to call us liars. It was ONLY when we threatened to release proof of the deal and all the communications that covers began spinning their way towards recognizing there indeed was a deal. A deal they had somehow overlooked.

    SBR posted the deal to inform betED players. Covers denied the deal existed for some unknown reason. SBR only returned fire when covers insisted there was never an offer for betED and that SBR was lying. It remains a mystery why they purposely lied and tried to lead discussion away about the existence of a deal that could have restored betED player balances within 3 days of going out of business.

    SBR does not like or dislike covers. But their actions required us to stand up and call bull she-ite.

  30. #275
    chachi
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    'declare shenanigans' you mean ... its a much nicer turn of phrase
    Last edited by chachi; 06-11-11 at 10:20 AM.

  31. #276
    DIXONBETS
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    Why don't this book offer the players to come forward with info and just help out the players? I guess they couldn't trust people that they are telling the truth on their balances.

  32. #277
    stats13
    f&ck beted
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    Fuuuuuuuuuuuuuuuuuuuuuuuuuu

  33. #278
    Bill Dozer
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    Quote Originally Posted by DIXONBETS View Post
    Why don't this book offer the players to come forward with info and just help out the players? I guess they couldn't trust people that they are telling the truth on their balances.
    That can work when players have a chance to record their history and take screen shots. At this point book's can't even trust that the database is real. If you take it over ED accounts now, you might have to assume that worse case there is X percent fraud.

  34. #279
    stats13
    f&ck beted
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    Quote Originally Posted by Bill Dozer View Post

    That can work when players have a chance to record their history and take screen shots. At this point book's can't even trust that the database is real. If you take it over ED accounts now, you might have to assume that worse case there is X percent fraud.
    well, they could contact players from the DB and ask them how much approx is in their account at beted, for verification purposes. it would look totally unprofessional and shaky but at least they'd know Beted isn't scamming them. unless beted sets up dummy accounts or something

    this entire thing reeks like it's going to fail. **** covers for getting in the way, **** beted for being shaky as shit, **** everyone involved who has been a greedy bastard thru all this.

  35. #280
    james240
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    I hope something is sorted soon as i had over $3k in there

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