SBR stil can't get the RCS sale right.

SBR_John · 12-31-05, 07:05 PM

Gee you advertiser guys are sure hung up in terms and dictionanry definitions.

Well lets just see:

entries found for bailout.
bail·out ( P ) Pronunciation Key (blout)
n.
A rescue from financial difficulties: corporate bailouts.

SBR_John · 12-31-05, 07:06 PM

So are you saying there was no "financial difficulties" raiders and RPM?? Is that the NOW spin?

Dave · 12-31-05, 07:39 PM

how do you spin the 'Were "upgrading"' lie?

Come on, lets all admit it, RCS was in "financial difficulty" and because TOW had them as an advertiser he worked hard to get the players taken care of. This was not a planned sale. If you want to spin this as a planned sale, that dog won’t hunt.

If TOW didn't have them as a paid advertiser would he have worked so hard to get the players bailed out? You never know how these things are going to go, that’s why it is best to stay with books who have a proven track record. There is no reason to think this can't happen with another rookie book. That’s why "Watch Dogs" have to be extra careful. What credibility do you have when a book you promote goes under? Less than you did before they went under, that’s for sure. Hey it's all fine and dandy now isn’t it? What happens the next time? Why set yourself up like that?

DONT PLAY AT BOOKS THAT DONT HAVE A PROVEN TRACK RECORD

SBR_John · 12-31-05, 07:42 PM

bail·out A rescue from financial difficulties: corporate bailouts.

Yea I think we need to settle this since it is soooo important to the spinners. Spinner raider, was it a bailout?

onlooker · 12-31-05, 07:45 PM

Originally posted by Dave

DONT PLAY AT BOOKS THAT DONT HAVE A PROVEN TRACK RECORD

Exactly.

I just wish players would put more research into books before depositing and playing at them. So they limit the chances of getting stuck at a shit book, and getting scammed. But that is what shit books pray on, the uneducated offshore player. Thats why we must expose those books.

SBR_John · 12-31-05, 08:59 PM

Quote:
bail·out A rescue from financial difficulties: corporate bailouts.

Yea I think we need to settle this since it is soooo important to the spinners. Spinner raider, was it a bailout?

------------------------------------------------------------
Raiders and rpm are in every other thread...is it possible they missed this question?

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SBR_John · 12-31-05, 10:00 PM

Quote:
bail·out - A rescue from financial difficulties:

I guess I went to dictionary.com for nothing. The spinners must be huddling to see how to discredit dictionary.com LOL

raiders72001 · 12-31-05, 10:17 PM

According to John every sale is a bail out. Cris says sale but John knows better.

SBR_John · 12-31-05, 10:50 PM

See I knew you could do it

. Either term is correct, bailout is more precise. Certainly not you or anyone on the planet will argue that this definition is not spot on "bail·out - A rescue from financial difficulties: ".

I just found it funny how the paid advertisers, the spinners, were so adamant it was a sale. Because a bailout does not fit the spin plan.

raiders72001 · 12-31-05, 11:04 PM

RPM

Richcoast was not a failure. due to their main financial backer having health problems (THAT I CONFIRMED), they chose it would be best to leave the industry. after about a year of operation, they had a solid foundation and reputation. there was no sense in just paying everyone and closing the doors. at that point, they decided to find someone who would want to take over. richcoast had around 40% of player obligations sitting in their merchant accounts. based on that alone, this book could have easily kept operating business as usual. believe me, many books have done so in much worse condition. sportsbookreview is a powerful entity and they know it. their FALSE REPORTS AND LIES regarding this situation jeopardized all of the players with money in richcoast. They did this for one reason. They wished to hurt the credibility of TOW and the endorsed rookie program here. this was the second attempt to destroy the reputation of an endorsed rookie book in the last week since TOW decided not to continue our advertising campaign with sbr. the first attempt was when they reported a slow pay, that just happened to be one of their moderators was the ONLY person who was being slow paid. anyone who has read the shitty comments at sbr in the last week about TOW can surely see how agenda driven they have been. In all the years i have worked in this industry, i have NEVER seen anyone so carelessly try to intentionally hurt players. The reason this situation took so long to resolve, was because the original new owners backed out when sbr damaged the richcoast name with their lies. Had sbr NOT posted their false reports, richcoast players would have been withdrawing, depositing, and placing wagers business as usual the same day that the site went down. in regards to the endorsed rookie program here at tow, i continue to fully support and recomend it to players. The books that have been allowed to participate in this program have been carefully chosen. However this situation shows that no matter how much due dilligence we use, something can possibly go wrong. That is why we have gone to great lengths to secure "back up plans" such as what happened here. as with anything else, the rookie program is a risk vs. reward. keep your balances at tolerable risk amounts, and sign up with tows fund safety program, and you will be ok. JUST LIKE EVERY PLAYER AT RICHCOAST SPORTS IS OK.

SBR_John · 12-31-05, 11:11 PM

You paid advertisers forget one teny tiny little detail...
THEY STOPPED PAYING!!!!!!!!!!! spin spin spin.
They were done, NO ONE WAS GETTING PAID spin spin spin

jumper · 01-01-06, 12:19 PM

the only issue now is what will become of all the bets won during the interim,will tony at book the bet accept responsibility,bet cris isnt.

SBR_John · 01-01-06, 02:26 PM

I hear ya Jumper. We have been pre warned on that. Send Bill an email if you have not already.

marc · 01-01-06, 02:38 PM

Jumper,

Is that true. CRIS isn't going to honor the bets placed during those few days that bookthebet was manging rcs?

PErsoanlly, I think everyone inluding is missing th epoint here. I think I speak for myself and others when I say that it makes no difference to me whether it was a bailout or a purchase. FOr those of us who played with the rookie books the logivc went like this. TOW is a new forum. Roberto is a new watchdog in town. If one of his books were to fail this early on in his carreer, it could be the death knell of his carreer. SO when some of us sent money to these rookie books, it wasn't that we had faith in these books. WHat we were banking on, was that if one of them collapsed, Roberto, would figure out a way to bail us out, if for nothing else, to protect his own reputation. For those of us who went to RCS, we made the right bet. WOuld I make the same bet a year from now. I'd have to see.

As for the spin, I think, and could well be wrong, that the reason why it's so importanat that this be a sale and not a bailout is for the sake of the other rookie books. For TOW it would be much better to say, that yes one of our books failed, but we insured that everyone was taken care of. The problem is you have a book like nojuice, that we all lvoe. No idea if they are making money, but we're all making money of of thier nojuice games. But if RCS failed, eventhough RCS was taken over by CRIS do I really wnat to stick around and see what happens with nojuice, or do I just get out now. But if RCS didn't fail, and it was just a sale, then there is less of a sense of urgency to get out of the other rookie books.

That's my sense of what happned. The one thing thta makes no sense to me is why anyone would wnat to portray a sale involving bookthebet as a good thing. If TOW wants to give SBR credit for disrupting that deal, great. No reason why anyone wouldn't want credit for stopping bookthebet from getting involved.

The people I do feel bad for are the newbies. Until you have actually been stiffed, you simply can't appreicate the risk that you take when you go to these new shops. Rookie books are really not for rookie players. Unless you have the experience to appreciate the risks involved in a new shop, you shouldn't be going there, and you should be discouraged from going to those places.

Trouble Maker · 01-01-06, 02:53 PM

Originally posted by marc

Until you have actually been stiffed, you simply can't appreicate the risk that you take when you go to these new shops. Rookie books are really not for rookie players. Unless you have the experience to appreciate the risks involved in a new shop, you shouldn't be going there, and you should be discouraged from going to those places.

What a great post, this is so true. Thats why you can't have retards around that say things like Sweat the Payout Not the game and promote the newest shit book they can find.

yokspot · 01-01-06, 03:18 PM

Originally posted by marc

The one thing thta makes no sense to me is why anyone would wnat to portray a sale involving bookthebet as a good thing. If TOW wants to give SBR credit for disrupting that deal, great. No reason why anyone wouldn't want credit for stopping bookthebet from getting involved.

BTB weren't the original buyer, this much was explained at the beginning. It wasn't BTB who stepped down, it was somebody else.

Also: is it the case that CRIS are not grading some people's interim bets? They graded mine, to the tune of 1K. I think the binding figure should be the final one before all assets transferred to CRIS, but I suppose CRIS already took on quite a lot and can't exactly be blamed for not grading these wagers. Still, sucks for anyone who won and has lost those winnings.

jumper · 01-01-06, 03:19 PM

thanks marc and john for your imput,glad to report that book the bet offered to credit me $810(the amount i won betting wednesday before i read about this at sbr)in return for 8x 30 days and a depossit of 810.i am thankful cris is saving my ass for 3448,but it seems they should or could go all the way,they claim the database was lost but my balance was confirmed by book the bet thursday after i won.i wanted out of the bet as soon as i read about rich coasts decline,but once a bet is made its too late.all in all the players are lucky to have forums to protect them.lesson learnt,read sbr daily before placing any bets

biggs · 01-01-06, 03:43 PM

anyone who cant read thru this is simply blinded by ad dollars or big bonuses PERIOD.

this will happen again and it probably wont work out next time like it did this time, thank god for Cris but lets be real, this is a complete $ loser for Cris, a very expensive branding opportunity, there sure will come a day when they will be forced to turn their backs on a similar situation.

when you promote books like sbr does, you cant go wrong

sbr is well appreciated for being the real deal........the others will always do what they do simple cause they live in your shadows

happy new year

biggs · 01-01-06, 03:46 PM

Originally posted by raiders72001

RPM

Richcoast was not a failure. due to their main financial backer having health problems (THAT I CONFIRMED), they chose it would be best to leave the industry. after about a year of operation, they had a solid foundation and reputation. there was no sense in just paying everyone and closing the doors. at that point, they decided to find someone who would want to take over. richcoast had around 40% of player obligations sitting in their merchant accounts. based on that alone, this book could have easily kept operating business as usual. believe me, many books have done so in much worse condition. sportsbookreview is a powerful entity and they know it. their FALSE REPORTS AND LIES regarding this situation jeopardized all of the players with money in richcoast.

DONT SAY NO MORE

the only one putting players and their funds in danger IS a some what respected watchdog promoting such a shop

not a watch dog reporting facts on this shit shop

SBR_John · 01-01-06, 05:44 PM

anyone who cant read thru this is simply blinded by ad dollars or big bonuses PERIOD.

this will happen again and it probably wont work out next time like it did this time, thank god for Cris but lets be real, this is a complete $ loser for Cris, a very expensive branding opportunity, there sure will come a day when they will be forced to turn their backs on a similar situation.

There are some VERY key points in Biggs post. I dont know how to stop this from happening again. But SBR will do its best to alert the industry, bookmakers and players alike.

Eventually they could hurt us if we are in any way connected or if we dont take a stand against them. SBR has to do all it can to distance ourselves from those who promote dangerous books and will do anything to cover-up a failure.

marc · 01-01-06, 08:13 PM

Biggs,

In many ways, books like Pinn and cris and thegreek, shoudl be thankful to the players who went to richcoast. The people behind Richcoast clearly desired to create a good honest book. Given the opportunity, a few years from now, they might have succeeded. But because of all the sharps/scalpers/whores that went there, and drove them out of business that will no longer be the case. The players who are there now, effectively eliminated a potential competitor to Cris. And when scalpers and whores go to these players, who are the immediate beneficiaries outside of the players. It's books like cris and pinn, that players use to scalp against these books. So in some far fetched crazy way, bailing out players from places like RCS, is a beneift to these books.

biggs · 01-01-06, 11:57 PM

John,

I appluad you and your team for standing strong on your position in the name of the player, the spin thats being created doesnt carry water, and players fail to see that a disaster was averted largely on luck and nothing more.....this is very dangerous path

Marc,

I hear what your saying, but i have to disagree......world wars have started with good intentions