Everyone on the planet knows this is a Ponzi scheme. A player would be brain dead to give these guys any info. The way to play a ponzi is dont send any money. Of course they will most likely not send you any either. They are not legit no matter how many people tell you otherwise.
Why would anybody send them money?
SBR_John
SBR Posting Legend
07-12-05
16471
#2
Its not the end. Thats been my opinion since day 1. Ive seen dozens of these kind of shops come and go. We are a lot closer to the go on this one. Those of you that know the risks and want to play there thats great. I want to protect the new guys from thinking this is some legit shop when we all know what it is.
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onthewhat
Restricted User
05-14-08
15411
#3
SBR John you are wrong on this one
Thought they were going belly up last football season?
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Fishhead
SBR Aristocracy
08-11-05
40179
#4
Cw?
Who are we talking about here?
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wtf
SBR Posting Legend
08-22-08
12983
#5
cw=cool women
Comment
SBR_John
SBR Posting Legend
07-12-05
16471
#6
Originally posted by onthewhat
SBR John you are wrong on this one
Thought they were going belly up last football season?
Yes, I'm a little surprised they made it this long.
To be sure most of these ventures are not scams when they start. Its just a matter of time before they go broke though. At that point they go to plan B. This book is not making money and plan B is coming or maybe already here.
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Fishhead
SBR Aristocracy
08-11-05
40179
#7
Who?
Comment
Flying Dutchman
SBR MVP
05-17-09
2467
#8
Country & Western music, Fish. All about losing your dog and girl friend to your best friend and getting dead-ass drunk. Something you know a lot about.
Comment
Fishhead
SBR Aristocracy
08-11-05
40179
#9
Originally posted by Flying Dutchman
Country & Western music, Fish. All about losing your dog and girl friend to your best friend and getting dead-ass drunk. Something you know a lot about.
Sure do!
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Flying Dutchman
SBR MVP
05-17-09
2467
#10
It's a lifestyle thing!
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MonkeyF0cker
SBR Posting Legend
06-12-07
12144
#11
Creditwagering, FH.
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Bread
SBR Posting Legend
03-16-08
23726
#12
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MonkeyF0cker
SBR Posting Legend
06-12-07
12144
#13
Boingggggg!!!!
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Bread
SBR Posting Legend
03-16-08
23726
#14
Sorry. But SBR John ruined her for the rest of us
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SBR_John
SBR Posting Legend
07-12-05
16471
#15
Did I say Ponzi scheme? I meant position
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JELLYBEAN
SBR Sharp
01-14-07
303
#16
BoDog started as a ponzi..............and made it when they used all the money coming in on great marketing. But if the con man Ayre is still around............they could disappear at any moment. When you have known crooks involved in books..........there is no conscience involved................................ ....
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JoshW
SBR MVP
08-10-05
3431
#17
I have to say their wall of shame/stiffs is fun to look through. Can go to the page and search for your home state and see if anyone you know has stiffed them. Eight from Kansas.
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dwaechte
SBR Hall of Famer
08-27-07
5481
#18
Well I didnt necessarily think this was a Ponzi all along, but I certainly think if it wasn't all along they are definitely switching in that direction now. The inevitable fall has finally come.
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ShowMeTheOdds
SBR Rookie
08-11-09
6
#19
Just curious, how do you know when a book isnt making money? I dont figure they would just come out and tell you?
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SBR_John
SBR Posting Legend
07-12-05
16471
#20
Originally posted by JELLYBEAN
BoDog started as a ponzi..............and made it when they used all the money coming in on great marketing. But if the con man Ayre is still around............they could disappear at any moment. When you have known crooks involved in books..........there is no conscience involved................................ ....
I don't agree. Many know or dont know that Calvin was one of the first guys in Costa Rica. I would guess mid 90's. I will agree they used the money coming in for marketing. Except for Pinnacle they all did that.
Calvin by luck, hard work or a combination thereof developed a model that worked. I'm open, always open to taking another look at the CW model. We went through this before breaking down their model here live and even their staunchest supporters agree that on paper the model is badly flawed. Those CW guys know I don't mean to pick on them but neither will I be silent.
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LT Profits
SBR Aristocracy
10-27-06
90963
#21
And yet they could afford to send me 4-digit payouts? Also, didn't everyone get paid on the new card within the last couple of days? That doesn't sound like financially strapped to me.
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dwaechte
SBR Hall of Famer
08-27-07
5481
#22
Originally posted by LT Profits
And yet they could afford to send me 4-digit payouts? Also, didn't everyone get paid on the new card within the last couple of days? That doesn't sound like financially strapped to me.
I havent checked other boards for complaints, but it seems to me like they may only be paying the guys they see complain on the boards. Maybe they were having real processor issues, but I wouldn't be surprised to see a whole lot more complaints start to pop up over the next week or two.
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onthewhat
Restricted User
05-14-08
15411
#23
LT, CW hasn't paid SBR thus they are not getting favorable reviews
CW customers are very vocal on the forum about how good they are. Best customer service offshore.
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pavyracer
SBR Aristocracy
04-12-07
82907
#24
LT Profits,
What does CW gain financially from your business? Everytime there is a CW thread you always brag how much they pay you. Why haven't they reduced your limits if you cause them so much carnage? And why are you winning any money being -30 units down in MLB this year?
Please share your secrets so we can benefit ourselves.
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LT Profits
SBR Aristocracy
10-27-06
90963
#25
Originally posted by pavyracer
LT Profits,
What does CW gain financially from your business? Everytime there is a CW thread you always brag how much they pay you. Why haven't they reduced your limits if you cause them so much carnage? And why are you winning any money being -30 units down in MLB this year?
Please share your secrets so we can benefit ourselves.
I can't share ALL because I would then stop being successful. Let's just say all my bets at CW have nothing to do with handicapped plays and everything to do with their numbers.
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Richkas
SBR Posting Legend
02-03-08
19396
#26
CreditWagering
A+ Book
Must have out.
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JELLYBEAN
SBR Sharp
01-14-07
303
#27
Originally posted by SBR_John
I dont agree. Many know or dont know that Calvin was one of the first guys in Costa Rica. I would guess mid 90's. I will agree they used the money coming in for marketing. Except for Pinnacle they all did that.
Calvin by luck, hard work or a combination thereof developed a model that worked. I'm open, always open to taking another look at the CW model. We went through this before breaking down their model here live and even their staunches supporters agree that on paper the model is badly flawed. Those CW guys know I dont mean to pick on them but neither will I be silent.
Yeah he showed up after he got done with his scam in canada. If you think he started this off with out a ponzi in mind you are crazy.
And CRIS,GRANDE,DELMAR,OLYMPIC didnt use others money to start either. You really love sucking pinnacles dick. You must have some sheet over there. Sure they have tons of coin, mainly from being the biggest betting book ever in the world, but dont disrepect other books but saying they are the same as bodog.
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flyingillini
SBR Aristocracy
12-06-06
41219
#28
Wow jellyroll!
המוסד
המוסד למודיעין ולתפקידים מיוחדים
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fiveteamer
SBR Posting Legend
04-14-08
10805
#29
A simple fact right now is that creditwagering needs losers to pay up in order to pay winners.
This is not good.
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SBR_John
SBR Posting Legend
07-12-05
16471
#30
Originally posted by JELLYBEAN
Yeah he showed up after he got done with his scam in canada. If you think he started this off with out a ponzi in mind you are crazy.
And CRIS,GRANDE,DELMAR,OLYMPIC didnt use others money to start either. You really love sucking pinnacles dick. You must have some sheet over there. Sure they have tons of coin, mainly from being the biggest betting book ever in the world, but dont disrepect other books but saying they are the same as bodog.
CRIS,GRANDE,DELMAR,OLYMPIC
Out of that group of course Cigar was away so they were not active in post up initially. Grande and Delmar hated post up and except for a token dabble in post up they had no reason to leverage. Of course both those joints were extremely strong. Oly did jump into the post up but the two headed brain trust there is very conservative so yes I agree with you on the Greek. Good post. I greatly respect each one of those shops and the guys behind them.
As for Pinnacle, I could have said any of those you mentioned but Pinny was the post-up 800 lb gorilla. They didnt need Bodog type marketing to become great and I always respected that.
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RogueScholar
SBR Hall of Famer
02-05-07
5082
#31
Originally posted by SBR_John
CRIS,GRANDE,DELMAR,OLYMPIC
Out of that group of course Cigar was away so they were not active in post up initially. Grande and Delmar hated post up and except for a token dabble in post up they had no reason to leverage. Of course both those joints were extremely strong. Oly did jump into the post up but the two headed brain trust there is very conservative so yes I agree with you on the Greek. Good post. I greatly respect each one of those shops and the guys behind them.
As for Pinnacle, I could have said any of those you mentioned but Pinny was the post-up 800 lb gorilla. They didnt need Bodog type marketing to become great and I always respected that.
This post is like an enigma wrapped in a cipher. Can anyone translate to English for me?
Originally posted by StraitShooter
90% of the guys dont give a shit about your problems..and the other 10 are glad you have them..
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pavyracer
SBR Aristocracy
04-12-07
82907
#32
I think is about horses Rogue. Cigar, Delmar...
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sickler
SBR Posting Legend
06-05-08
15006
#33
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SDCanesfan
SBR Rookie
10-17-08
32
#34
They sent me 2500.00 the other day by check which was a few weeks late, and I just made a WD for 3K on Tuesday. It still shows as pending, but hopefully this time things go smoothly. They've always paid out, but I have to admit I do get a little nervous when things get delayed. I'm going to stick it out with them as they've treated me well thus far. I can afford to play at other books, but they've haven't stiffed anyone that I know of, and everytihng about their model is just so convenient for me . I still have another 6K I need to pull out, but I don't have the debit card yet. I hope the delays are straightened because I admit it isn't really looking all that great right now, but we'll see. If they can pull off paying out a total of 12K within a month during baseball season I will be 100% sold on them at that point.
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JoshW
SBR MVP
08-10-05
3431
#35
SDC, I don't know how much of your CW balance represents in terms of your bankroll, but I wouldn't want a large % in at the end of football. Use this situation as an advance warning. If they do start paying again, don't get complacent.