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

[SBR_John]

Lol at covers:


#12Posted: 6/1/2011 1:57:33 PM
QUOTE Originally Posted by Lou:

FYI - Freedom is heading to CR tomorrow to discuss this shit in person with teams involved in any bailout. The difference between what Freedom is doing and what SBR is claiming is that he is actually making a difference while those clowns are just stirring the pot to score a few points while they still can.

LOL. Uhhhh Lou, you dont need to go to Costa Rica to do the bailout. You simply pick up the phone and turn over the database to the acquiring book.

As far as the clownry goes, an A book called us and made the offer which we passed on to you and BetED. That's when the clowns moved in and scrambled trips to CR. The clowns are the ones trying to still earn something off this bankrupt book instead of allowing a book to assume the balances. At least thats what it seems like to me. If you come up with a better deal from a better book then I will apologize and throw you an eParade and even karaoke "When Johnny Comes Marching Home" in two part harmony!

[durito]

I have a good feeling about this, I feel they are working out a better deal with another book.

A better deal for who? Certainly not the players.

Certainly not the players. Let me guess, it's covers #1 sbgglobal. A 10x rollover at BetJM/5dimes would be better for most players than a 1x at sbg (and I'm not one of the most).

[pokerplayer22]

A better deal for who? Certainly not the players.

Certainly not the players. Let me guess, it's covers #1 sbgglobal. A 10x rollover at BetJM/5dimes would be better for most players than a 1x at sbg (and I'm not one of the most).

I dont care as much about a rollover but i want nothing to do with sbg

[chachi]

Not that Covers had any real credibility left but this takes the biscuit ...

This makes the EZ/theRX tag-team act from a few months ago a small-fish type hosejob in comparison.

[Intuitive_Edge]

I didnt think this whole situation was gonna be this ugly

[RonPaul2008]

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.

[vividjohn45]

one of these forum's is covers. can u guess which.....?

[vividjohn45]

look, a dropping.







known for usage of profanity as a administrator of forum to forum members in forum threads. Big Stinky.

[blackbart]

greed knows no bounds, there rep is already ruined, why should they care

[philswin]

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.

I was thinking the exact same thing when reading this thread, there was not even discussion of a Cascade bailout from what I recall.

[beyond]

Covers still has not update yet

[20Four7]

I don't like the sound of this. Why on Earth didn't they accept immediately???

They didn't jump at it because they are doing what's best for them not their players. They don't give a shit about the players money. They consider it their money.

[soxwin1917]

They didn't jump at it because they are doing what's best for them not their players. They don't give a shit about the players money. They consider it their money.

This is all that needs to be said in this thread.

[dark star]

Take your time guys....what jerk offs.

[Bill Dozer]

Covers is trying to blame the doj for BetEd players not getting paid saying they have all the player's money and hands are tied etc. It's similar to what BOS said way back. Saying it's out of their control is a cop-out and hurts the rest of the books who don't take the same risks and have funds aside from all the years they profitted. If a book is new or only worth what they have on hand, it's not a book players should use.

The US-facing poker companies that are able to pay are paying because they have cash assets aside not because the the US gave them the confiscated money back...That's gone but was probably only a few months of revenue. The truth is that books have been getting porcessors snagged for 5 years and they consider it overhead. Players see the fees go up but a decent book won't tell you that your money is taken by an authority and your SOL.

[Thremp]

Why does that excuse work with the "Antiguan regulators"?

[acarmelo1]

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

[Killakrzydav]

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

[jay777]

Is there anyway beted management might be working with Feds. Maybe trying to get more insight into the whole processing? A bailout could possibly sink another book if that was the case. I know it's a little out-there but.... Wasn't one of the managers from miami? Feds kinda work that way. We'll let u enter the country to see your family but you gotta help us out. Just another conspiracy theory, I guess.

[Ballpark]

So is it the case that the BetED people would rather work with Covers
because their were partners, or are Covers just trying to get SBR out of the picture
so they can make money out of any deal?

In any case it would be good if someone from BetED would do the decent thing
and realise that SBR will do the better job of arranging a bailout.

[beyond]

Covers was blaming on doj the whole time. Didn't mention anything about a bailout until we heard it from sbr

[20Four7]

I am actually happy that I'm Canadian, I tried to open an account there and fortunately for me they don't accept Canadians. Saved me some money and grief.

To those who are stuck, I hope it all works out for you. These situations suck as I have lost money at a few books before.

[pokerplayer22]

Supposedly there is a deal in place and will be announced early this week....

[gangeriver]

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

[Legions36]

Supposedly there is a deal in place and will be announced early this week....

Obviously the deal is in place and they will make a deal just who is the ?

[stats13]

cool. we we we so excited we so excited

[stats13]

i wonder how much of a problem it will be merging beted funds with an account existing at the bailout book. i really hope they don't pull some bs in that regard.

[thetrinity]

thanks for keep us up to date guys. at any rate, im happy with how you have handled this bad situation.

[stats13]

thanks for keep us up to date guys. at any rate, im happy with how you have handled this bad situation.

+1.

[BigSpoon]

I am actually happy that I'm Canadian, I tried to open an account there and fortunately for me they don't accept Canadians. Saved me some money and grief.

To those who are stuck, I hope it all works out for you. These situations suck as I have lost money at a few books before.

I'm Canadian and opened an account there in September of 2010. You might be confusing them with BetUS? I shudder thinking about how much I had there at BetEd during the NFL season.

I hope there is resolution asap and all the players get their funds back.

[increasedodds]

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.

[stats13]

any news?

[Legions36]

Message board on covers says sometime early this week they should release a statement.

[beyond]

We will find out today per covers

[acarmelo1]

Lets hope they can work something nice out.

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