Full BetEd bailout offer made from top book...ball is in their court

[pokerplayer22]

Lets hope they can work something nice out.

And not some deposit and get 100% with 30 times rollover

Im not sure about the rollover but it should definately be a no deposit type thing. Sbr already had a deal worked out that required no deposit, that is until covers got in the way

[yisman]

Funny thing is, they were still fishing for deposits in late May.

Got this on May 23 (also got the same e-mail earlier in the month, on the 5th):

Beted.com
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[Glitch]

im still glad i never trusted those guys

[Keith Richard]

I'm glad I stopped playing there last year. Had a feeling they were a rinky dink outfit that would eventually fail.

[pokerplayer22]

I'm glad I stopped playing there last year. Had a feeling they were a rinky dink outfit that would eventually fail.

Covers said today was the day....but nothing. Ugh!!!

[LostBankroll]

Nothing nothing will be what you all get> this is payback for matchie matchie is king.

[stats13]

Covers should really just stop promising things.

1. Beted funds are all safe
2. They're brokering a deal
3. We'll have word today on what the deal entails
4. ?
5. ?
etc

[stats13]

Oh I forgot the big one - that they will not sleep etc until players get all the funds back .THEY PROMISE

[gafl]

You're right, Covers should keep quiet until they have something to report. Think the most important thing on their mind is that SBR doesn't solve this problem before they do.

[stats13]

Well, doesn't look like news is coming today. Freedom over at Covers said basically that SBR (or whoever claimed they had a deal almost in place) was full of shit.

[BET THE HOOK]

This deal ain't getting done.

[LVHerbie]

Funny thing is, they were still fishing for deposits in late May.

Got this on May 23 (also got the same e-mail earlier in the month, on the 5th):

Beted.com
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I got this email as well and I believe it was from the morning the indictment was unsealed so it possible they weren't aware of the situation at that point... Still plenty of BS about the whole situation though...

[Bill Dozer]

So Bill do you believe:

A) Beted is retarded and had all their limited funds in one bank account?

B) Beted is scum and has much of the funds and is simply running off with them.

BetEd has been online about 7 years in the sportsbook and a lot longer in online casinos. They always had a good hold %. They were probably profitable for 6 of those years so no, I don't think they had all their funds with that processor or any other. Their debt to players is not huge. Not paying players is likely a business decision and the owner's decision not to sell cars or other assets. If you lend me $50 and I put it in my back pocket on the subway and it gets stolen, the money, mine, was stolen from me, not you.

Covers is running cover for them saying the doj has all their money. Meanwhile other books are not happy with them or Beted. They know this hurts the whole industry when players get stiffed and some of them have not had their calls about bailout offers returned. We now know of 2 sportsbooks that communicated directly with BetEd, offering to do a true bailout and 2 more were asking for the figures. The two were highly rated and didn't get their call backs.

We all have to hold our final opinion until we see if the "bailout" requires a deposit or has excessive terms. Unfortunately we learned today that they called at least one book about a bailout who they have nothing going with yet. Hopefully that's not a sign they are starting from scratch.

Two points to make:
- This is a big decision for the bailing-out party. It involves thousands of customers and large amounts of money. You can't rush this. We were told that they hoped to make an announcement today, but if it takes another day, so be it. It hasn't even been three weeks yet. I know it seems like light-years for you folks, but I'm ecstatic we are this close so soon.

- The other forums are lying. They had no deals in place. I know this for a fact. They have a couple of rejected offers from people who now have an axe to grind and therefore are claiming to have made fantastic offers when really they were lowballing the customers.

Iv'e emailed mgt. at Covers with the names of the sportsbooks in case they really don't know, but they havent asked us. It seems they have BetEd's ear and the other books can't get a call back so maybe they can help get the parties together. Value for the helping book is lower every day.

[The Prick]

You fuggin shittin me??? covers gonna queer a deal for the players by hagglin on a fifty five cent sheet? books tryin ta do the right thing an covers steppin on dicks left an right, goddam shameless

[blackbart]

covers is all about lookin good

[joe blow]

If Covers Blows this UP, we should hire Cory1111 lawyer and sue them.

[chachi]

With this, Covers has demonstrated that at the end of the day, they seem to have their own financial interests at heart rather than their members / the gambling community as a whole

[pokerplayer22]

Bill...Covers management is claiming you never tried to email anyone there. Are they really messing this thing up for everyone or what???

[The Prick]

wow wow wow equity makes folks retarded..... either way covers got stake money ta worry about and sbr dont. who you gonna believe?

[AimingHigh]

With this, Covers has demonstrated that at the end of the day, they seem to have their own financial interests at heart rather than their members / the gambling community as a whole

I would agree with you, Chachi, though I don't like the idea of this issue turning into a forum war, rather than everyone just focusing on how to help out the BetEd players.

[chachi]

I agree with you 1000% AH ... I just don't see at this moment that everyone 'involved' is indeed doing so unfortunately

[Bill Dozer]

Bill...Covers management is claiming you never tried to email anyone there. Are they really messing this thing up for everyone or what???

I didn't see that said anywhere. But, it's not as if there is a communication issue... We've talked with them using the same email addresses over the years and had dinner a few months ago... Email was sent... We are waiting to help.

[Counterfeit Cash]

Originally Posted by acarmelo1
If Covers Blows this UP, we should hire Cory1111 lawyer and sue them.

[Dark Horse]

Covers takes advertising money from crap books all the time. Of course, they're going to blame the doj.

The fact that Beted, after stealing player funds, has not jumped at the opportunity to have those players bailed out (at no cost to them), tells you all you need to know. The idea of holding those already emptied accounts hostage for another 'payout'! Jump to conclusions? lol Clearly, they have no conscience. Evil incarnate.

[Santo]

I didn't see that said anywhere. But, it's not as if there is a communication issue... We've talked with them using the same email addresses over the years and had dinner a few months ago... Email was sent... We are waiting to help.

Dozier is full of shit. I haven't received jack from him. I'm management.

Look, we predicted this would happen last week, didn't we?

I think Lou said something along the lines of, as soon as a deal is going to be in place, everybody is going to come out of the woodwork with unverifiable claims that they offered better deals - because after they get rejected there is no use in telling the truth, is there?

[Other nonsense cut..]

I don't know why he'd claim that either. It's an odd thing to claim. I don't even think he knows my email anyway, and I know he hasn't contacted anybody else on our team. I asked after reading that post.

Like I said, these are trying times for companies that target the American market and people are doing desperate things to get those betED players into their preferred operations where they can profit cheaply.

I will say one thing: If everybody really was looking out for the best outcome for the players, wouldn't it make sense to allow betED to negotiate their best deal possible with their preferred choice, rather than going around trying to subvert existing negotiations with rumors and innuendo? How does that help the players?

If anything, it just makes the negotiations drag on forever while putting the squeeze on betED to work with specific partners instead of somebody they trust and is offering the best deal.

If anything, I think this situation shows that maybe, just maybe, certain forums that claim to be strictly in it for the players might just have some hidden agendas that are not always in the players' best interests.

Didn't contact me either.

What a strange thing to stake your reputation on.

Strange times.

Strange times indeed. Fairly sure the 'best bailout offer for BetEd' won't be the best for players.

[chachi]

If anything, I think this situation shows that maybe, just maybe, certain forums that claim to be strictly in it for the players might just have some hidden agendas that are not always in the players' best interests.

Wow ... what an apparently ironic statement

[joesomebody114]

Sounds like BDog may purchase requiring 1000x rollover in casino/poker and pay out in 3 months hope my account isnt closed tomorrow

[aca]

How come people screwed by Cascade never got bailed out? They were an A book here at SBR shortly before all payouts ceased. Still irks me.

Very interesting if it's true!

[Santo]

Not really -- the BetEd clientele is much more appealing than the Cascade one..

[Extra Innings]

Bury this guy @ Covers Dozer.

[djefferis]

still hoping you guys with funds in there get paid, not looking good though

[arabbeast13]

they wanted you to bet all your education development

[Bill Dozer]

Sorry guys. Not much more we can do. Between the name calling and trying so hard to come up with reasons not to discuss bailout offers, it's clear it's not about the players. Never seen anything like this before.

At this point we just have to hope what's good for BetEd is decent for players.

[thisisit]

Come on Bill, you know whats good for beted will never be good for the players or it would have already been done.

[Dr.Gonzo]

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