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Full BetEd bailout offer made from top book...ball is in their court
Hey Guys,
We have been monitoring a potential BetEd bailout. A top sportsbook approached with an offer to cover balances in full. No deposit would be required for players to have their funds guaranteed by rescuing book. BetEd has the offer and the ball is in their court.
Unfortunately they didn't jump at it and it was laid out Friday. No response yet. Hopefully a lesser deal for players with a lesser book isn't in the works. BetEd of course should do what makes players closest to whole again.
Bet ed is scum
Can't say that this time. They are rated highly and players would be pleased.
they dint jump at it because they want to keep the funds
gotta be bookmaker or 5 dimes
they will be if they don't accept this offerOriginally Posted by YorkHunt
I don't like the sound of this. Why on Earth didn't they accept immediately???
nice work if this happens. I suppose the reason why they may not accept is they would have to turn over their accounts payable list
it's either greek or betjam.
They don't have to pay anything. It's just transferring debt.
They get the benefit of the doubt. They might be getting their house in order to move it over for a full bailout somewhere. But, we've seen bailouts go in the direction of biggest money-making opportunity...150% match deposits and 20x rollover and bailing out book getting a marketing list. There is likely a pretty good customer list from years of marketing on covers.
why would they not take it????????????????????/
scuumbags
IMO 100% bonus with 20 x roll is not a bailout. It is a simple bonus offer that isn't all that hard to find
Thanks for your help Bill. Im not quite sure why beted wouldnt be willing to take this deal. Are they possibly thinking about reopening or reopening under a different name and dont want to part with their customers info? Either way, I hope something can get done and appreciate your hard work.
Agreed...I highly doubt that the people who had money stolen from them in this beted/DOJ fiasco arent that eager to go throw more money offshore right now...myself included
Do you not realize your choices at this point are likely a bailout or nothing at all?
Exactly.
Truth is, I don't know why a book would even want to bail out beted.
Without a doubt...but im just saying that if another book were to pick up beted's debts, its better to attach a 50x rollover than make people deposit more money with a 100% bonus offer with just a 10x rollover.... simply for the fact that ive read alot of posts on just about every forum from paranoid gamblers wondering if they should ever deposit any more.
Fair enough. I can see your point (although I'm not one of those paranoid gamblers and I'm still fine with having money in the A-rated shops).
Again, no deposit required in the offer. And, we are with you guys...don't know why they won't take it and get players their funds.
Man, I'd do a f'n back flip if it was 5 dimes
what if you already got a 5 dimes account? I guess they'd be smart enough to merge the funds?
Agreed...I would do flips in it were any of the A+ books
When does WSEX get a bailout Bill?
keep on trying Bill. No deposit makes the rollover easier to swallow especially if we are still playing offshore anyway.
With no deposit, I don't care who it is. It could be an F book and it would be worth it
This is good news i just wrote off my $ as a loss but i would definitely appreciate this, thanks alot Bill and which ever book steps in i would be a customer for life.
Their active client list is already pre-pruned of most sharps and is likely one of the squarest going (along with Bodog). Balances are likely fairly small (as their limits were), so a relatively low cost to acquire a square client base and a ton of goodwill.
Bill: When you say the offer was laid out, is there actually somebody left representing BetEd who has access to the backend?
5D used advertiser status to force SBR to not pay 32K to Tacklberry so let's be real with guessing who is behind offer
Hopefully, BetEd does the right thing here and accepts the offer.
I wouldn't hold my breath.
me neither, but its something at least. makes sense for a big book to do this IMO.
Wow that's really good news. Thanks SBR!!
Right, this isn't a huge amount in total either. Yes, the two companies discussed on Friday. The call back didn't happen. We first spoke to their director in Ireland last week and got the update on the status today.Their active client list is already pre-pruned of most sharps and is likely one of the squarest going (along with Bodog). Balances are likely fairly small (as their limits were), so a relatively low cost to acquire a square client base and a ton of goodwill.
Bill: When you say the offer was laid out, is there actually somebody left representing BetEd who has access to the backend?
I see a forum advertiser of theirs is saying something as good is in the works and very close. That's great news and hopefully it materializes soon while the value is still there for the 2nd book. Maybe this offer from a top book raised the standard on the bailout and assures players won't have to jump through hoops.
Would be nice for the whole offshore community if this happens, if those who lost their money get it back at 5dimes they will be happy with the better site
Which ever site it is will definately earn my business, along with probably alot of other new business because of the gesture. Hopefully it gets done.
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