BetOnStars proposed deal falls through

[SBR_John]

Even TheOffshoreWire, who is also on the BETONSTARS payroll, complained that SBR was "..crucifying a young book for a glitch" (glitch = slow pay).
-ROBERTO

As long as you promote dangerous books we will be the counter-balance. Or as you call it "..crucifying a young book for a glitch" (glitch = slow pay). You sugar coat it and we will be there to report whats really going on.

Your option is to continue to promote dangerous books or not.

Btw, your last rookie is reporting problems today. Champ, your time might be better spent checking on the new problems at Bet4aces than trying to spin over here.

[Doug]

How much are the 31 accounts worth ? It's hard to imagine most of these being large accounts, people usually tend to keep balances small with new books.

[TOW]

The person that called you guys from 4aces called me as well this morning. I'm certain you know the person better than I do.

He explained the banking issues in details and he also made me aware of what he has already done to finally correct them.

You know John...one of the things that puzzles me a bit is the absolute desire of playing counter balance you have with TOW.

Let me explain better...there a collegue of ours, OSGA, whom you hardly "counterbalance". You and I know that this collegue of ours is very productive for books in terms of sign ups.... and we both know the kind of books he endorses.

I'm not jealous, I can do without your undivided attention...yet you seem not able to see past TOW.

I always take the bright side of things in life. Probably it was love at first sight

Have a good weekend buddy.

Over and out.

[Doug]

BBD got me the Pan-am bail-out, which I accepted, but the Pan-am thing was in Roberto's hands for a long time before that.

To be fair though, Roberto didn't get me into Pan-am, that's more the fault of RX and being over-rated here. Didn't Pan-am have a rating in the B range at one time ?

What a post, if I do say so myself. A semi shot at RX, SBR, and TOW, all in 3 lines.

[SBR_John]

You got a point, there is not much to counter-balance with the osga. You cant compare yourself to them. you admitedly copied the SBR model so I have a special place for holding you accountable.

You have choosen to take BetUs and the Richcoast's, BoS's and other high risk books but that's not how you started.

At some point both you and shrink threw the towel in on the concept of only promoting only the best sportsbooks. You both started your business by saying you would only promote the best. What went wrong?

[BettingProphets]

John

with all due respect bro you have endorsed books in the past that had fuckups as well I think everyone has.

there was a time you touted VIP above Olympic and CRIS which lets face it is an absolute joke and still would be if that were your stance but I would have done the same thing as VIP incentives were higher to deposit than the 2 afformentioned books thus easier to get players in a package

this business is all about the cash the TRUE problem is that when shit goes bad all of you want to be the first to say I told you so and pat yourselves on the back as the premiere watchdog or true SOURCE

for the players you guys all have done good for MANY and gotten many paid with leverage of the powerful tools you all possess and thats presence

I say people are smart enough to read between the lines by now and almost everyone can attest to what I said that you have all helped many people and I hope you guys are all around for many years to come for the small players who may need your help

best of luck to all of you

[SBR_John]

There was a time when we were all new BP. We recommended another book that no one had heard of at the time; Pinnacle. And brother SBR has made many many mistakes and hopefully learned from them. We make a lot fewer now. Btw, If you do a good job the money will come. It would be short sighted and a poor business strategy to base a rating or recommendation on whatever incentive a book is giving for a referral.

Like we both agree, no site is perfect. But sites that promote books like BetOnStars knowing full well how dangerous to the players they are need a site like SBR to lay the wood to them. Other sites won't dare because they have crap books too and they know they could be next.

If SBR touted a long shot book like BetOnStars that went belly up do you think we would get a free pass? We would be stuffed and roasted and well we should be.

Appreciate your post...well, 90% of it

[priceperheadexpert]

Gentlemen..every business has its bad apples..move on...Its a lesson to some players, we all have been there..Winning is tough enough, you want to get paid..I get it..I dont believe TOW in any premeditated action tried to hurt any player..Sites get misled, wont be the last time..Ask any credit agent how many times he has been misled..I dont mean to sugar coat this, it sucks..but lets move on..

[Catsfan]

Does anybody know who the book was that was going to take them over?

[Doug]

reliable sources I can't name at this time indicate the book was:

https://www.hailmarysportsbook.com

[Catsfan]

reliable sources I can't name at this time indicate the book was:

www.hailmarysportsbook.com

Nice

[SBR_John]

LOL, I love hailmary!

Cats, I believe we will see a cherry picked takeover where all small lifetime losers will end up with one deal at one book and any one that is up(a winner) lifetime will get a KY jelly type deal. That's my guess, lets see how it plays out.

[Baphomet]

I heard it was betroyal.

[SBR_John]

If I had to guess I would say it would be BetUS. I don't think its Royal. Tej has never been a fan of bailouts.

[Baphomet]

It's what Steve said at least, I mean Johnny B.
Anyways they are not buying anymore.
The scumbag should sell his BMW X5 and the Mercedes to pay clients.

[tacomax]

Looks like Tej has put his hand in his pocket to bail out the BoS refugees.

[SBR_John]

Give Baphomet credit on his call that Royal would be the bailer.

[Terris]

Guess royal is trying to suck up again now heh.
Upgrading them to C- i cant agree with that, such a horrible book should never be at C.

Also i was reading that players cant win if they have more than 2k transfered or something like that, what a crapload of horseshit for the BoS victims...

[SBR_John]

I saw that too Terris. I'm not sure what to think about that rather bizzare condition. I think that falls into the category that its better than a complete loss which is what they were facing. So its better than a sharp stick in the eye but not by much.

[JoshW]

I saw that too Terris. I'm not sure what to think about that rather bizzare condition. I think that falls into the category that its better than a complete loss which is what they were facing. So its better than a sharp stick in the eye but not by much.

Just like Royal line management has gotten much better, it looks like Royal is tightening up and not giving as much away even in bailouts. If I didn't know better I would say they actually want their book to make money. For the past two years I couldn't say the same thing..

[Brick Tamland]

good for them to get out with somethin

[SBR_John]

The whole BetOnStars thing was an ugly chapter. I thank Tej and Royal for stepping up with any offer at all. I appreciate TOW for putting an end to the rookie program.

[Baphomet]

Give Baphomet credit on his call that Royal would be the bailer.

Let's say Costa Rica is a small country.

Every bar or party you go, there are at least 5 to 10 people that work at sportsbooks. About 75% of my friends work at sportsbooks or call centers, so we get lots of info from different places.

Players were helped by TOW and Royal, and I ask myself who helps the employees?

It'd be nice to have an insurance from bad employers-crooks like Johnny, who fire people from one day to other without paying all the legal $hit.

[priceperheadexpert]

Royal did a bail out when nobody else would..The players will hopefully get something, which we all know is better than nothing..The toilet has been flushed..lets move on..Players need to make better choices, and they are out there..

[mrspooner]

Yes this was a tow rookie book.

tow is going to learn their lesson one way or the other. Its impossible to promote these fly-by-nights and remain credible.

In typical tow form, roberto has posted some impossible to read rambling 20 page manifesto trying again to spread the blame for his latest failure. I read the 1st sentence and fell asleep. He must not get any advice. He would be better served by standing up like a man and saying "i'm sorry, i screwed up" instead of always trying to blame others.

The lesson is a simple one:
No one knows if these new books can last even a year, most do not. If someone recommends a rookie book they are simply greedy and do not care at all about the players or this industry.

It is simple. Books pay off the forums with continued ad revenues, or they (places like tow) start a run on the bank with rumours. Books use "fractional" banking methods to handle cash flows, cash held in reserves for pay outs being a fraction of total holdings, a run creates slow pays. Slow pay outs creates a demand while while draws on the reserves are transfered in, which creates panic.

Everyone loses including the ones that traffic those small forums ( less than 800 posters. ) The only winner is the shake down artist the owns a forum like that. I don't know who is the greater stooge, the book that gets hooked with the extortion ads, or the ones that rely on the "endorsement."

[SBR_John]

Welcome to the forum mrspooner.

You certainly did a good job describing the dominoe effect of what happens to under funded new sportsbooks.

[priceperheadexpert]

If at first you dont succeed, destroy all the evidence that you tried..

[Uncle B]

anyone know what, if any, relief the other "players" got, who didn't get 'bailed out' by Royal?


i read that 1 or 2 supposedly got a small partial payment via the 'insurance' thing, but, what about the rest?


weren't there a handfull of others left out in the cold?

[them45ter]

Hi, I have just found this thread. I was stuck with some funds left in BoS when they shut up shop. I had written them off as bad debt, but is there a way I can recover these funds. I see an above mention of a BetRoyal bailout. How does that work and how do I go about getting one?

Thanks in advance, your help is much appreciated.

[tacomax]

them45ter - check out the TOW forum when it's up and running (I presume that you already haven't). A number of accounts were bailed out by BetRoyal and yours might be one of them. If not then Roberto is working on getting some kind of deal for any other players.

[them45ter]

them45ter - check out the TOW forum when it's up and running (I presume that you already haven't). A number of accounts were bailed out by BetRoyal and yours might be one of them. If not then Roberto is working on getting some kind of deal for any other players.

Thanks for the advice. I hadnt checked the TOW forum, will keep an eye for its reopening. Would be nice to get some of it back now I have been hit with a huge balance in Bet4aces aswell.

[tacomax]

Obviously, the smaller the balance you have in a failed book then the more chance of a bailout and/or the more chance you have of a less restrictive set of conditions attached to it. This is a further reason why you should try to keep funds to a minimum if you must try the lower quality books.

[digi]

I had $1300 stuck in there , no bailout form Royal for me, most did not get a bailout or payout of anykind.

[Doug]

That's what happenned to me with Pan-am, took years to get a bail-out, and the bailout came from Stars.

I got a couple of small payments ( around 500) and was left with exactly 1,000 owed.

[Uncle B]

I had $1300 stuck in there , no bailout form Royal for me, most did not get a bailout or payout of anykind.

there is a poster at tow who has been begging for a bailout, or, any reply at all really, to his betonstars dilemna, for over a month now.


bump, after bump after bump, not a single reply.



gotta suck, being led to believe a shop is safe, or, at the very least, that the site promoting thatr shop, would make sure you are safe.... only to be dumped into the ditch after sending your cash to the shop.


somewhat of a double burn, i'd imagine.

1st screw job, the shop itself.. 2nd screw job, the forum that recommended them to you, and declared all warnings about them were unfounded.


live and learn, i suppose, but, a pretty damned expensive lesson, imo.. especially now that we are talking about a half dozen shops in a row, from the very same forum.