BetIslands to close with player funds

[Tunes]

Ryan Rossi: Hello Grant
Ryan Rossi: how can I assist you?
Grant: So, news is now yall closing?
Grant: http://forum.sbrforum.com/sportsbook...yer-funds.html
Ryan Rossi: Nope, I'm working on helping clients.
Grant: ok...

Wonder if there is any truth to this AT ALL...probably not.

I got the same shuck and jive from Kelly. I would like to believe, but given what's gone on how is it possible?

SBR and BI. Brothers in arms.

[mighty maron]

I think Heritage is good, if you can get me an invite there (i have no idea how to get one) I'd love one. Heard they're solid.

Im sure someone here could help you out there...I am just a losing gambler at Heritage....

[gwills]

I mean yeah, like what the hell is he gonna do??? Ryan always helped me, but whats he gonna do?

[Bill Dozer]

A terribly crappy Christmas announcement. It does suck.

Any bailouts?

It has been explored. It turned out there were some large sharp players that risk mgt should have not let take advantage. This made bailout options or takeovers not possible for the book.

[runnershane14]

49,649 stolen. from me alone. i am sick.

I believe you and I feel for ya man. My question is why anyone would keep more than at most like $5k there. Limits $1k or less on everything and max check is $5000 once per week.

[ronald]

Fuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu uuuck!!!!!


Over 10k pissed away to a "trusted" SBR sponsor book.

Hedger, how did you have such a large balance there? What were your betting limits?

[KGambler]

Ryan Rossi: Hello Grant
Ryan Rossi: how can I assist you?
Grant: So, news is now yall closing?
Grant: http://forum.sbrforum.com/sportsbook...yer-funds.html
Ryan Rossi: Nope, I'm working on helping clients.
Grant: ok...

Wonder if there is any truth to this AT ALL...probably not.

gwills, this news means that BI no longer has financial backing. There may be people still there trying to "make it work" but they have no money. They need several million dollars to get back in biz.

You interested?

Anyway, SBR needs to talk about who this "confirmed" ownership group is or was. You know, they supposedly financially secure, well known bookmakers that SBR kept mentioning in the past.

SBR, WHO ARE THEY? We need and deserve an answer.

[CollegePro]

I can't believe some of you actually still think Ryan will make something happen... come on now.. only reason he is answering chat and phone is because he knows he will not get his pay so he is just try to collect as much as dep possible to receive and run... I will give me at most 3 more days before we see him disappear like Jon.

[slash]

Damn bubba, 49k??

I feel sorry for you. The max I have been robbed is in the 20s, and that was in the good ole days when trusted books offered bailouts.

49,649 stolen. from me alone. i am sick.

[gwills]

gwills, this news means that BI no longer has financial backing. There may be people still there trying to "make it work" but they have no money. They need several million dollars to get back in biz.

You interested?

Anyway, SBR needs to talk about who this "confirmed" ownership group is or was. You know, they supposedly financially secure, well known bookmakers that SBR kept mentioning in the past.

SBR, WHO ARE THEY? We need and deserve an answer.

Yeah i understand that. Was just hopeful of somehow getting my $$. I should probably lower those hopes.

[Miz]

49,649 stolen. from me alone. i am sick.

Bro, I am really sorry. That is beyond terrible. I am not gonna complain any more about my little $4200 I lost

[milwaukee mike]

Sweep warned about this? damn

sweep said something smelled fishy. but 3 weeks before that, they were blacklisted by "bangthebook", who said there was no money to pay anyone at betislands.

[tb1984]

I think Heritage is good, if you can get me an invite there (i have no idea how to get one) I'd love one. Heard they're solid.

Just click the "Heritage" banner on top of this page for the invitation.

[bubba]

I believe you and I feel for ya man. My question is why anyone would keep more than at most like $5k there. Limits $1k or less on everything and max check is $5000 once per week.

there is no excuse other than i trusted them, i trusted sbr.

[wtt0315]

I think I told you this in my post yesterday. It's a shame that I knew about this before you guys espically since I know from inside sources you guys were talking to them last week and it was you who actually called them

A terribly crappy Christmas announcement. It does suck.

It has been explored. It turned out there were some large sharp players that risk mgt should have not let take advantage. This made bailout options or takeovers not possible for the book.

[magynuck]

add my 50k to stolen funds
merry x-mas

[SplitAces]

I need a local in Florida. Fuk this bs.

[mighty maron]

Going to the bar...nothing more to see nor do

[KGambler]

A terribly crappy Christmas announcement. It does suck.

It has been explored. It turned out there were some large sharp players that risk mgt should have not let take advantage. This made bailout options or takeovers not possible for the book.

When I heard about BI in 2011, I immediately considered their business model to be a joke. But they survived 2011 and SBR had talked so much about their well known, financially secure backers that I deposited and of course wound up getting screwed.

I have to ask you... how much do you guys actually know about bookmaking? I linked a thread before where Justin7 talked about the BI bonus offer as being excessive and that they were gonna get killed by sharps... but then SBR Lou chimed in saying the offer was fine and that SBR had raised BI's rating because SBR had confirmed that the book was very financially secure.

You have one guy on your staff who understands the industry. That's Justin - you know, the only employee you have who could make a profit running a book. The only employee you have who could make a profit playing at one... Will you please, please give him so more pull? He seems to get shot down by the completely clueless upper management on a daily basis. LISTEN TO HIM, HE ACTUALLY KNOWS WHAT HE IS TALKING ABOUT. The rest of you guys wouldn't know a solid book if it shit on your head.

[tarheelfan72]

A terribly crappy Christmas announcement. It does suck.

It has been explored. It turned out there were some large sharp players that risk mgt should have not let take advantage. This made bailout options or takeovers not possible for the book.

This is horse shit. Any book just wanting the long term losers (which most of us are) could work something out to accept balances up to a certain amount. Whoever takes it over can cut limits or do whatever they want with the "sharps", and there would be no ill will from anyone if they just said "we'll honor balances up to $5K" or something of the sort. They'd be a savior for most of us.

[milwaukee mike]

add my 50k to stolen funds
merry x-mas

yikes 50k!

hopefully someone takes over the u.s. balances, similar to what happened a couple of other times, but i would be shocked if anyone did under the current environment.

my heart goes out to everyone with significant money at betislands, losing bets is so much easier to take than having the money stolen.

[bubba]

Bro, I am really sorry. That is beyond terrible. I am not gonna complain any more about my little $4200 I lost

you can complain too. 4,200 can be recovered from for most people. my sum is going to change my life. for the worse.

[ronald]

sweep said something smelled fishy. but 3 weeks before that, they were blacklisted by "bangthebook", who said there was no money to pay anyone at betislands.

Could have been his upper lip.

[5mike5]

im really srry for all the good people that BI robbed, no thanks to the watchdog we pay to help us all...pathetic OPs here knew b4 SBR thought to warn their customers for a book they backed as amazing

GL guys

[KGambler]

Will ezstreet and 7red be getting an F rating as well?

The well established industry insiders that you confirmed were behind BI - what other books are they involved with? We need to know so we can avoid them.

[HedgeHog]

Hedger, how did you have such a large balance there? What were your betting limits?

My limits were $1000 sides/totals. I got hot the last month and more than doubled my balance. Tried to take a 5k check recently but they said "Sandy" knocked out their processor. I got talked down to a couple $975 p2ps instead. Then lucky me I won another $2500 this past weekend to bring my balance to its highest ($10,700). Just a shitty circumstance that I get burned at my highest fig.

[CollegePro]

SBR not talking about..fukking joke. This place became real fukking joke.

[magynuck]

i would be happy to take my 50k to bookmaker even with 100X rollover and vanilla lines on us sports

[KGambler]

This is horse shit. Any book just wanting the long term losers (which most of us are) could work something out to accept balances up to a certain amount. Whoever takes it over can cut limits or do whatever they want with the "sharps", and there would be no ill will from anyone if they just said "we'll honor balances up to $5K" or something of the sort. They'd be a savior for most of us.

My balance was higher than any I have seen mentioned. I would love to get a signficant portion of it back, but you are right that I would hold no ill will towards any entity that swept in and only honored balances up to a certain maximum (assuming it was a third party, not Jon returning or something haha)

[Miz]

you can complain too. 4,200 can be recovered from for most people. my sum is going to change my life. for the worse.

I understand. You're right, I will be fine, just a little pissed. I have money elsewhere. Hang in there man.

[JohnnyC]

loooooool

[allabout the $$$]

im really srry for all the good people that BI robbed, no thanks to the watchdog sbr pro's pay to help us all...pathetic OPs here knew b4 SBR thought to warn their customers for a book they backed as amazing

GL guys

fixed it for you

signed broke dikk fukk

[KGambler]

We need a government bailout. Do the right thing Obama!

[allin1]

When I heard about BI in 2011, I immediately considered their business model to be a joke. But they survived 2011 and SBR had talked so much about their well known, financially secure backers that I deposited and of course wound up getting screwed.

I have to ask you... how much do you guys actually know about bookmaking? I linked a thread before where Justin7 talked about the BI bonus offer as being excessive and that they were gonna get killed by sharps... but then SBR Lou chimed in saying the offer was fine and that SBR had raised BI's rating because SBR had confirmed that the book was very financially secure.

You have one guy on your staff who understands the industry. That's Justin - you know, the only employee you have who could make a profit running a book. The only employee you have who could make a profit playing at one... Will you please, please give him so more pull? He seems to get shot down by the completely clueless upper management on a daily basis. LISTEN TO HIM, HE ACTUALLY KNOWS WHAT HE IS TALKING ABOUT. The rest of you guys wouldn't know a solid book if it shit on your head.

Solid post with very good points

[5mike5]

fixed it for you

signed broke dikk fukk

at least i made a nice chunk from my 200 donation