777ROCK c- or 10 ?

[Kaka]

SBR has them rated at c- and at TOW they are a 10. Why the huge difference?

[JoshW]

Speculation, but TOW is likely giving them the same rating at Delmar/Cascade, while SBR rating reflects the change but doesn't make them the best book on the planet overnight because of it.

[raiders72001]

what Lakerfan said. SBR a little slow on that one.

[bigboydan]

i feel they should be a little higher myself guys. maybe not a 10 here at SBR but, much higher than a "C-"

[JoshW]

Given how quickly 777 gave up on any obligation to DimeBetting players I think a slow increase in ratings in justified. Even if Dimebetting wasn't in the picture, seems crazy to give a newly taken over book still in transition the highest rating possible.

[raiders72001]

777Rock covered balances up to 11/7

[TOW]

777rock just announced that they are taking over ALL players liabilities of defunct Dimebetting. This is the second time 777rock steps to the plate. The total cost for 777rock is in the 130K.

777rock deserves its group's rating. Not only. I have no recollection of books stepping to the plate taking over liabilities WITHOUT strings like 777rock has done twice in the last three months.

A rating lower than Delmar's group rating is widely unjustified in these circumstances.

[JoshW]

777rock just announced that they are taking over ALL players liabilities of defunct Dimebetting. This is the second time 777rock steps to the plate. The total cost for 777rock is in the 130K.

777rock deserves its group's rating. Not only. I have no recollection of books stepping to the plate taking over liabilities WITHOUT strings like 777rock has done twice in the last three months.

A rating lower than Delmar's group rating is widely unjustified in these circumstances.

Glad 777 took care of dimebetting. I think it was the right thing to do on face since they were all but backing them until last week. But still as you say they have done it twice.

As for them being an all around top book in the industry. Even if they are using Delmar for all of that, not sure they are best in industry. Software considerations, CS, web site, etc.

None the less, seems like a book everyone should consider going forward.

[JimmyRad]

777rock just announced that they are taking over ALL players liabilities of defunct Dimebetting. This is the second time 777rock steps to the plate. The total cost for 777rock is in the 130K.

Can someone explain to me why they would do this? I'm a nice guy, but I'm not spending 130K for a little good will. I don't see the angle here...

[jay88]

It is all marketing cost... They make the news and more people learn about them. Nothing wrong with it and plus they are doing a good thing to the players.

[SBR_John]

There is no such thing as a new A+ sportsbook. Tow makes some money in the short term but long term its a creditability killer. Tow did the same thing with BCN Sports, rating them ahead of Pinnacle and WWTS at the time.

Even when A+ rated Olympic opened up BetJamaica and backed them 100% we started them at B+ because so many things can happen in that first year.

[tacomax]

Tow did the same thing with BCN Sports, rating them ahead of Pinnacle and WWTS at the time.

Not that I doubt you for a second, but that's unbelievable.

And that statement alone justifies SBR's rating.

[bigboydan]

your right john, 777rock shouldn't be a A+ book, but they should be a little bit hire than a "C-" book too, maybe a "C+" or "B-" IMHOO

[jay88]

Even when A+ rated Olympic opened up BetJamaica and backed them 100% we started them at B+ because so many things can happen in that first year.

Totally agree... but at the same time SBR is a bit harsh with the ratings sometimes...

[RPM]

There is no such thing as a new A+ sportsbook. Tow makes some money in the short term but long term its a creditability killer. Tow did the same thing with BCN Sports, rating them ahead of Pinnacle and WWTS at the time.

Even when A+ rated Olympic opened up BetJamaica and backed them 100% we started them at B+ because so many things can happen in that first year.

that makes no sense to me john. if oly was backing them, what could happen the first year? worst case scenario, the players would have had olympic accounts opened or credited.

777rock now is backed by delmar. do you question the safety of playing at rock now?

[RPM]

and another thing, tow is not making any more money from 777rock now, then they were when 777 was rated a 6 or a 7. so please don't imply that our ratings are somehow "bought".

[tacomax]

Totally agree... but at the same time SBR is a bit harsh with the ratings sometimes...

Meaning you, perhaps?

If you're a decent outfit, your rating will increase.

Look at the fundamentals - you're a new, small book located in Costa Rica. That alone justifies a low rating. It's up to you to prove yourself and the long term is so much more important that a short-term high rating.

[tacomax]

that makes no sense to me john. if oly was backing them, what could happen the first year? worst case scenario, the players would have had olympic accounts opened or credited.

777rock now is backed by delmar. do you question the safety of playing at rock now?

Sorry, it makes perfect sense. Re-read the line: "so many things can happen in that first year".

And if TOW really had BCN rated above Pinnacle & WWTS then perhaps you should scrutinise the TOW rating system rather than having a pop at SBR's.

[bigboydan]

.

777rock now is backed by delmar. do you question the safety of playing at rock now?

i don't question the safety at all. i do question that from a transitional standpoint though RPM. you have to give it a few or two to make sure things run smoothly.

[jay88]

Look at the fundamentals - you're a new, small book located in Costa Rica. That alone justifies a low rating. It's up to you to prove yourself and the long term is so much more important that a short-term high rating.

I agree in our case. Little by little we'll get there...
But what about Millennium at C- they should be higher.. Vwager and MVPsportsbook at C? This are at least C+/B- sportsbooks together with some others..

[RPM]

Sorry, it makes perfect sense. Re-read the line: "so many things can happen in that first year".

And if TOW really had BCN rated above Pinnacle & WWTS then perhaps you should scrutinise the TOW rating system rather than having a pop at SBR's.

taco,

bcn was before my time at tow.

in the case of betjm being backed by oly, what could have happened? like i said, worst case scenario, players would have had accounts opened at oly, or their accounts credited.

im not knocking sbr's ratings at all. i do however take offense to john insinuating that tows ratings are bought, when that is not the case at all.

[jay88]

I can personally guarantee that neither TOW or SBR sell ratings!! :an_cheers

[SBR_John]

But what about Millennium at C- they should be higher.. Vwager and MVPsportsbook at C? This are at least C+/B- sportsbooks together with some others..

Its healthy to debate if a C rated book should be a C+ or B-. Its not healthy and its confusing for a site to make a brand new book rate higher than Olympic. I have a strong opinion on this. Is 777 an elite book? Have they been in the postup business for 5 years with a track record we can measure? Are they any where even close to an Olympic, even in the same solar system??? NO. Dont sell the rating. If they are a 10 they will earn it in due course and then it will actually mean something.

[Illusion]

Its healthy to debate if a C rated book should be a C+ or B-. Its not healthy and its confusing for a site to make a brand new book rate higher than Olympic. I have a strong opinion on this. Is 777 an elite book? Have they been in the postup business for 5 years with a track record we can measure? Are they any where even close to an Olympic, even in the same solar system??? NO. Dont sell the rating. If they are a 10 they will earn it in due course and then it will actually mean something.

Well said, a 10 rating is a joke. Like John said, they haven't proven anything yet. TOW needs to adjust their rating on this book.

[onlooker]

Its healthy to debate if a C rated book should be a C+ or B-. Its not healthy and its confusing for a site to make a brand new book rate higher than Olympic. I have a strong opinion on this. Is 777 an elite book? Have they been in the postup business for 5 years with a track record we can measure? Are they any where even close to an Olympic, even in the same solar system??? NO. Dont sell the rating. If they are a 10 they will earn it in due course and then it will actually mean something.

:0000045: Well said John. I agree. Let them prove it over time, and it will be that much better to be a 10.

[RPM]

Its healthy to debate if a C rated book should be a C+ or B-. Its not healthy and its confusing for a site to make a brand new book rate higher than Olympic. I have a strong opinion on this. Is 777 an elite book? Have they been in the postup business for 5 years with a track record we can measure? Are they any where even close to an Olympic, even in the same solar system??? NO. Dont sell the rating. If they are a 10 they will earn it in due course and then it will actually mean something.

again you say the rating has been bought. can you explain how exactly they bought it? they were rated a 7 (about equivalent to your C) before delmar started backing them. now they are a 10. you guys dropped the ball on info about these guys so now rather than adjusting your rating, you are trying to belittle our rating.

olympic would be rated higher had they paid the player in the f1 dispute.

i personally prefer books like 777rock. they still realize doing right by the player is an important thing....

[raiders72001]

John- Why didn't 777Rock get a grade increase after Delmar agreed to back them?

[Bill Dozer]

11.12.2005 (1:04 PM CST)
SBR Bill Dozer reports: Dimebetting (SBR rating F) closed. The site is no longer offering lines or processing payouts. Dimebetting former owner, John Vega tells SBR that he does not have the funds on hand to pay players, and is attempting to obtain a loan. The situation is similar to the one Dimebetting was in only a few months earlier; before being bailed out by, and subsequently controlled by 777Rock. The two sites have split as of last week and are no longer affiliated. However, Scott, owner of 777 tells SBR that he will take on player account balances once again, this time at 777Rock.com. John has promised to reimburse 777Rock when funds are released by his "investors".

RPM,
Here is the wire. Please point out what is untrue as your editorial states.

I don't think the internal issues between John Vega and 777 are relevant whatsoever since 777 ownership went on record saying Dimebetting is 100% owned and operated by 777, that John had zero control in the company, and would never relinquish control of the company or any managerial position and was being kept around because he was handy with the IT aspect of the business.

There is no reason to play the hero card this time around. If you suddenly put a defunct book operator in charge of some of your player accounts there is a good chance those players are going to need you again.

[Bill Dozer]

John- Why didn't 777Rock get a grade increase after Delmar agreed to back them?

11/8/2005 1:47:00 PM
777Rock upgraded from D+ to C-

777 agrees that a top post-up shop should have the most common method of transferring funds, Neteller. I was told this would be an option mid-December but from the looks of their site today they have gotten it done. They also need to remove some outdated info since changing platforms.

As with Cascade, we will look at the book closely and test their CS. I understand there is or will be a whole new staff.

[bigboydan]

As with Cascade, we will look at the book closely and test their CS. I understand there is or will be a whole new staff.

that was my point exactly bill.

[RPM]

RPM,
Here is the wire. Please point out what is untrue as your editorial states.

I don't think the internal issues between John Vega and 777 are relevant whatsoever since 777 ownership went on record saying Dimebetting is 100% owned and operated by 777, that John had zero control in the company, and would never relinquish control of the company or any managerial position and was being kept around because he was handy with the IT aspect of the business.

There is no reason to play the hero card this time around. If you suddenly put a defunct book operator in charge of some of your player accounts there is a good chance those players are going to need you again.

what editorial states something as being untrue?

[TOW]

At no time BCN was ever rated higher than Pinnacle. For a short period of time they shared the same rating as WWTS (8).

That was when it became clear that WWTS had discontinued to abide to players funds segregation while BCN had an audited separate players account certified on weekly basis by an independent accounting firm.

BCN's rating dropped to the current 4 further to their props cancellation (affected three players) and because they discontinued the audit of their players escrow.

This being said all players have been paid and continue to be paid in a fashionable way. There have been no reports of slow pays whatsoever.

BCN's high rating (8) was assessed on financial safety. They were the only caribbean based book with a separate and audited players escrow. A big plus for a small and newer book.

I have no idea why SBR always had a "woody" on 777rock. This despite the fact that you guys verified Scott's credentials as we did.

Nevertheless.....777rock offers a terrific product, has a spotless track record, has PAID players of a failed book twice in the last two months, is now part of Delmar yet its still a C-......and WE are the bias ones

[SBR_John]

They probably do deserve another upgrade and we will give them in due course if deserved. We have zero agenda for or against them. Being well funded is only part of the picture. We rate sportsbook.com a C and they certainly got tons of the green stuff. So whats the hurry? I want to see how the operation runs. I doubt they would even rate themselves a perfect "10" at this stage....right?

Around here, like with every other book, 777 is going to earn their grade. When they do, it will actually mean something.

[TOW]

All good catholics know that the road to paradise is paved with mistakes and tears.

While BCN, brand new shop, formerly rated 8 (which equals to your B) is still in business, Betpanam 3 months old book on your recommended list as a B+ is long gone......

Back to the original topic... we agree to disagree on 777rock's rating. Fair enough. Happened before, will happen in the future.

Legendz is a good example: you had it at C- for a long while to no reason...to your credit this has been rectified.

BTW...Legendz did not earn an upgrade, since they were TOP notch as a C- (7 years in business) and they are top notch as a B+ (9 years in business).

Bottomline no one is immune from mistakes. Its always good to be objective with ratings and not let personal opinions prevail over objectivity.

[Max Levine]

Totally agree... but at the same time SBR is a bit harsh with the ratings sometimes...

Jay, I like to think that the purpose of SBR ratings is for advising the players, not for marketing the books. As a player, I personally prefer strictness over indulgence when it comes to book ratings.

Max