TOW Industry Newswire
9/14/2007
Betonline downgraded to high risk, caution advised
Albeit unusual at the beginning of Football season the downgrade of Betonline to high risk is deemed necessary due to adverse feedbacks on some individuals directly involved with the operation.
Betonline was born under the wrong star, its first marketing steps assisted by the infamous Robbie McPhail. McPhail is a con artist well known in Costa Rica and abroad due to his involvement in several scam operations that stiffed dozens of unsuspecting bettors.
In the first months of 2007 Betonline announced the sale, or merger, with BestLineSports. BLS officially merged into Betonline to improve its internet marketing performance.
In reality the move was dictated by much more serious concerns. BestLineSports was originally operated by some individuals directly tied to the shadiest businesses of Gary Kaplan (Betonsports). Allegations according to which BestLineSports was catering part of the credit business tied to the Gambino mob family lead U.S. prosecutors to name BestLineSports.com in the Betonsports Indictment of July 2006.
Making BestLineSports.com disappear as fast as lightning became imperative for the new owners of BLS, namely the group once behind Infinity, one of the many brands taken over by Betonsports over the years.
Despite Betonline management repeated denials our sources in Costa Rica and Panama recently confirmed the direct involvement of Dalton Wagner, formerly MVPSportsbook/Betonsports, with Betonline. Wagner vanished from Betonsports few days after David Carruthers' arrest, allegedly taking with him hundreds of thousands of dollars of BoS technical equipment which he formally bought for pennies.
Sources also confirmed the direct involvement with Betonline of one, or more, of the former managers of failed BetPanam. Two individuals currently involved with Betonline's marketing were the primary cause of BetPanam's demise. The book shut down few months after its grand opening in March 2004. Several dozens of players got stiffed out of over $300,000.
The downgrade to high risk becomes mandatory given the potential risk of being brought under the DoJ's microscope and the involvement of the above mentioned shady individuals in the day to day operation of Betonline.
Players are strongly advised to proceed with caution with this operation and maintain their account balances at the "acceptable loss" figure.
Bettors are also reminded to carefully review their sportsbook's rating in our Rating Guide before depositing or re-upping. In doubt we recommend players to stick to the short list of winners of TOW Award of Excellence 2007, the industry's most respected and trusted list of elite sportsbook.
TOW Industry Newswire - Published September 14 2007 - 12.50 pm EST - TheOnlinewire.com
9/14/2007
Betonline downgraded to high risk, caution advised
Albeit unusual at the beginning of Football season the downgrade of Betonline to high risk is deemed necessary due to adverse feedbacks on some individuals directly involved with the operation.
Betonline was born under the wrong star, its first marketing steps assisted by the infamous Robbie McPhail. McPhail is a con artist well known in Costa Rica and abroad due to his involvement in several scam operations that stiffed dozens of unsuspecting bettors.
In the first months of 2007 Betonline announced the sale, or merger, with BestLineSports. BLS officially merged into Betonline to improve its internet marketing performance.
In reality the move was dictated by much more serious concerns. BestLineSports was originally operated by some individuals directly tied to the shadiest businesses of Gary Kaplan (Betonsports). Allegations according to which BestLineSports was catering part of the credit business tied to the Gambino mob family lead U.S. prosecutors to name BestLineSports.com in the Betonsports Indictment of July 2006.
Making BestLineSports.com disappear as fast as lightning became imperative for the new owners of BLS, namely the group once behind Infinity, one of the many brands taken over by Betonsports over the years.
Despite Betonline management repeated denials our sources in Costa Rica and Panama recently confirmed the direct involvement of Dalton Wagner, formerly MVPSportsbook/Betonsports, with Betonline. Wagner vanished from Betonsports few days after David Carruthers' arrest, allegedly taking with him hundreds of thousands of dollars of BoS technical equipment which he formally bought for pennies.
Sources also confirmed the direct involvement with Betonline of one, or more, of the former managers of failed BetPanam. Two individuals currently involved with Betonline's marketing were the primary cause of BetPanam's demise. The book shut down few months after its grand opening in March 2004. Several dozens of players got stiffed out of over $300,000.
The downgrade to high risk becomes mandatory given the potential risk of being brought under the DoJ's microscope and the involvement of the above mentioned shady individuals in the day to day operation of Betonline.
Players are strongly advised to proceed with caution with this operation and maintain their account balances at the "acceptable loss" figure.
Bettors are also reminded to carefully review their sportsbook's rating in our Rating Guide before depositing or re-upping. In doubt we recommend players to stick to the short list of winners of TOW Award of Excellence 2007, the industry's most respected and trusted list of elite sportsbook.
TOW Industry Newswire - Published September 14 2007 - 12.50 pm EST - TheOnlinewire.com
Maybe JC is a muslim? 
