We've received a bunch of questions about what a bailout would or could include....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 players 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.