BetIslands to close with player funds

[NSN21]

SBR, you should be ashamed of yourselves.

[tb1984]

http://forum.sbrforum.com/sportsbooks-industry/2079786-apology-all-betislands-players.html

[easyliving]

this comes as no surprise to me. a book coming out of nowhere all of a sudden providing excellent customer service making a reputable name very quickly and goes down as quickly as it came up. Sorry for all your losses fellas.

[james240]

So sorry to her this guys especially at this time of the year

[sundownlv]

listen, i dont care if the turkeys running this forum are listing offshore books as an "A+". in light of some very significant recent events, there isn't a single book on their list i would rate any higher than a "C-" today.

my recommendation = don't send any funds offshore.

[Bill Dozer]

Im writing a post at the moment to address the Qs

[Clown Shoes]

I don't have a nickle in there and I am sick to my stomach. SBR touted this as a great book and in the end theplayers get the shaft. This is robbery and I want justice somehow. I am now nervous about my funds in other off shores. To anyone that has lost a dime to Bet Islands I am sorry.

[PaperTrail07]

Merry Christmas...pfff...what timing...

[PaperTrail07]

guy waited until people deposited their Christmas Bonus checks....they know $ comes in around now....this timing was no mystery

[Fire in da hole]

penetrate that.... I finally won a little bit and the fukin book goes under? How can management just walk away without any liability? If they were the owners when the debt was assumed, then they should pay. So, they basically get no risk and all reward? If the book makes money they stay open, but if players lose they close shop and leave without any recourse? WTF?

[Trigger7672]

I hate all of the people like Ddley Dawson who came to Betislands defense after every problem. Seriously go penetrate yourself Duds. So where is everyone going now? What books do US players feel comfortable depositing with? Is it time to take a break from betting?

[sundownlv]

now might be a good time to bump all the "lenny" from cascade threads... another shaft job in similar fashion. what ever happened to that clown anyway? he just walks off into the sunset owing 3m+ and nothing and nobody has ever done anything about it? lol

[gunner9995]

Ryan was even giving Free Plays out that wouldn't pay.........real FUQ'ED !!!! Got me

On another note this is funny.....a couple months back I had a balance of about $1300....Monday morning ask for a payout of $950, get it.......look in my account later, that sweetie Mia ADDED $950 instead of withdrawing, now my balance was $2200+.....ran it up to about $4,000, sat on it and got 2 more $950's....lost the other part back......Thanks Mia, Jon will penetrate you real good for all year fine work..........Don't feel so bad know, LOL !!!!!
All that being said I am still a BIG F**KING LOSER AT THIS GAME......maybe with these douchebags I was even with a lucky clerical error.....

[Bill Dozer]

I've never seen a shop fold up b4 the end of football season. Playoffs, bowl games, super bowl..hope he isn't just trying to keep the doors open to collect deposits from the BI customers who don't frequent the forums.

Exactly right - It is common knowledge down here in CR that the original backers left BI a few weeks ago.

First, I'll say the owners of books aren't always public and it's not up to us to make it so although we consider the available information. If you want to know the details of the comapny, you can go higher up the ladder to the book's that have been there 10 years all the way to public companies like bet365 instead of books that opened in 2011. Everyone can see the timeline of a book whether you agree with SBR ratings or not and choose what risk factors are important to you. In fact, when BI hit its ceiling for a newer book at B, many of the posters who are angry with SBRforum now argued that they should have been rated higher because of how their experience was.

When there is a problem with a book sponsor or in this case, a closure, everyone feels very badly. We try to react quickly without taking chances. There are even staff family and friends who aren't necessarily posting but are often playing along. Anyone who has been around here a while knows it's not just a business at SBRforum and it's about the community as much as anything. We don't just sell impressions to gaming sites who ask. Internally SBRforum discussed how we could avoid this in the future. While I can't say BI was overrated at B at the time, we'll require more years online before a banner at the top can be there. It doesn't help players here but these are the type of things considered as we read each of the posts.

As mentioned BIs backing was no longer... backing. There wasn't a contingency plan for them as we were told early on and some things went on behind the scenes before we had knowledge of the resulting issues. Jon had apparently been visiting every book he knew to get players to land on their feet without a personal interest in what happened. He eventually thought he did and SBR agreed based on information available. One of the owners of a book with assets and the money to make it work had stepped forward. Their upside was to keep an established brand that players really liked and build on it. We are still not 100% clear on what occurred but this arrangement came undone and BI is back in the position it would have been had backer #2 not been introduced.

[bostonboss]

yawn

[packman]

A lot of spinning going on here. Why not just let the BI customers know the money is in Queens, NY?

[boatboatboat]

Anyone who has been around here a while knows it's not just a business at SBRforum and it's about the community as much as anything.

Bill, if BI hadn't have had a banner here, would they have been a B book?

[Squared Box]

How about giving us the name of this well respected bookmaker who bailed out and stole all the post up money? You know, the one that convinced you that BetIslands was legit?

[Microphone]

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

We make our sign up page available to invited members. If you have received a current Heritage offer or promotion, please complete the sign up page to begin your Heritage experience. If you do not appear on our invited guest list a new account will not be generated. Required items are identified by a * sign.

[packman]

How about giving us the name of this well respected bookmaker who bailed out and stole all the post up money? You know, the one that convinced you that BetIslands was legit?

http://www.queensda.org/newpressreleases/2012/october/photos/www%20gambling%20Press_Board.pdf

[packman]

http://www.queensda.org/newpressreleases/2012/october/world%20wide%20wagers_10_25_2012.ind.pdf

"The indictment also alleges that the ring used non-traditional “wire rooms” in the form of offshore,
Internet-based gambling services – such as www.pinnaclesports.com,
www.jazzsports.net/com, www.wager4you.com and www.playhera.ag – used by bettors and agents
to actually place their wagers. It is alleged that the members of the enterprise used the off-shore wire
rooms to maintain the gambling accounts of numerous agents through the Internet website in an
effort to evade law enforcement detection through traditional methods."

[HedgeHog]

First, I'll say the owners of books aren't always public and it's not up to us to make it so although we consider the available information. If you want to know the details of the comapny, you can go higher up the ladder to the book's that have been there 10 years all the way to public companies like bet365 instead of books that opened in 2011. Everyone can see the timeline of a book whether you agree with SBR ratings or not and choose what risk factors are important to you. In fact, when BI hit its ceiling for a newer book at B, many of the posters who are angry with SBRforum now argued that they should have been rated higher because of how their experience was.

When there is a problem with a book sponsor or in this case, a closure, everyone feels very badly. We try to react quickly without taking chances. There are even staff family and friends who aren't necessarily posting but are often playing along. Anyone who has been around here a while knows it's not just a business at SBRforum and it's about the community as much as anything. We don't just sell impressions to gaming sites who ask. Internally SBRforum discussed how we could avoid this in the future. While I can't say BI was overrated at B at the time, we'll require more years online before a banner at the top can be there. It doesn't help players here but these are the type of things considered as we read each of the posts.

As mentioned BIs backing was no longer... backing. There wasn't a contingency plan for them as we were told early on and some things went on behind the scenes before we had knowledge of the resulting issues. Jon had apparently been visiting every book he knew to get players to land on their feet without a personal interest in what happened. He eventually thought he did and SBR agreed based on information available. One of the owners of a book with assets and the money to make it work had stepped forward. Their upside was to keep an established brand that players really liked and build on it. We are still not 100% clear on what occurred but this arrangement came undone and BI is back in the position it would have been had backer #2 not been introduced.

Shittiest apology ever. Sorry you lost, dumb-ass posters, but SBR made out ok. We'll try to get it better next time....WHEN WE FUK U AGAIN. No responsibility accepted by SBR--you guys suck.

[cockblocker]

Is it possible that someone knew in advance that this was going to happen? I am trying to avoid paranoia but still, it's a possibility that someone at least felt that this could happen.

From Bangthebook sportsbook review site Nov. 11 2012

BetIslands was established in San Jose, Costa Rica in 1998, However after a series of DOS attacks, lost processing capabilities we have determined that Bet Islands can no longer payout individuals and we suggest checking out one of the Top Sportsbooks for 2012 that we have reviewed and tested!

http://www.bangthebook.com/sportsbook-review/blacklist-sportsbooks.php

[big joe 1212]

First, I'll say the owners of books aren't always public and it's not up to us to make it so although we consider the available information. If you want to know the details of the comapny, you can go higher up the ladder to the book's that have been there 10 years all the way to public companies like bet365 instead of books that opened in 2011. Everyone can see the timeline of a book whether you agree with SBR ratings or not and choose what risk factors are important to you. In fact, when BI hit its ceiling for a newer book at B, many of the posters who are angry with SBRforum now argued that they should have been rated higher because of how their experience was.

When there is a problem with a book sponsor or in this case, a closure, everyone feels very badly. We try to react quickly without taking chances. There are even staff family and friends who aren't necessarily posting but are often playing along. Anyone who has been around here a while knows it's not just a business at SBRforum and it's about the community as much as anything. We don't just sell impressions to gaming sites who ask. Internally SBRforum discussed how we could avoid this in the future. While I can't say BI was overrated at B at the time, we'll require more years online before a banner at the top can be there. It doesn't help players here but these are the type of things considered as we read each of the posts.

As mentioned BIs backing was no longer... backing. There wasn't a contingency plan for them as we were told early on and some things went on behind the scenes before we had knowledge of the resulting issues. Jon had apparently been visiting every book he knew to get players to land on their feet without a personal interest in what happened. He eventually thought he did and SBR agreed based on information available. One of the owners of a book with assets and the money to make it work had stepped forward. Their upside was to keep an established brand that players really liked and build on it. We are still not 100% clear on what occurred but this arrangement came undone and BI is back in the position it would have been had backer #2 not been introduced.

this doesn't really explain shIt!

why did it take you all day to say something?

so what happened to all their available funds? they have nothing left all of a sudden?

why were they still taking deposits all weekend when they knew they couldn't pay?

you stood by and did NOTHING !!!!!!

too late to try and save face with these bullshit explanations!!!!!

[Wilfred]

Horrible statement right there, Bill. Just trying to save face. That's not going to work when all these posters lost money, in all honesty, because of you.

[wtt0315]

what happened was jon was getting 20 percent of big deposits. He allowed sharp players to make big deposits so he got his commision. Those sharp players ran up hundreds of thousands of dollars in their accounts. He was advised by some of his staff not to do this, which is why a lot of them quite a few months ago. He kept doing it because of his commision. Those sharp players withdrew their funds and everytime they did they took 4-5 weeks worth of other peoples deposits with them. These sharp players busted betislands. If this book would of stay recreational like jon was advise the book would be thriving now, but it instead a few big players were paid, investors back out because of this and the book plummted

[Scooter]

Even the yoyos so dense that they routinely defend sportsbook thefts of player winnings, even the most unsinkable rubber ducks, even the most braindead sbr forum cheerleaders, can see thru this one.

So far, based on my reading this entire thread (201 posts):

People who feel SBR was complicit in this fraud = every poster in this thread.

People defending SBR = Zero.

[SamDiamond]

Bill and John,

Who is giving you advice in how to respond to your posters?

Because you need to fire them as well.

Bill's "explanation" is a nightmare. What are you trying to say? That Jon told you guys he had additional financial support, but he lost it?

That's it?

No apologies to your players? Let me ask you this question. Had you guys not provided BetIslands with a banner, do you honestly believe SBR posters would have actively deposited with them? Obviously the answer is no.

And while no one thinks you have a financial obligation to the players that were robbed, you sure as hell have a moral obligation to provide a much better explanation of what happened to the player's money.

There is one glaring flaw/issue with your explanation. If you were aware of BI's problems, and it appears you were when you typed "SBR agreed on the information available", then it would have helped a great deal if you reached out to your posters and told them to delay further funding at BI until processing issues could be worked out. You could have bought your posters time, and BI time, by simply telling everyone there was an issue.

This is a nightmare, and you guys can't seem to stay out of your own way. One "explanation" makes the next one worse, and rinse, repeat, and rinse.

[Scooter]

`````

[eastern2]

what happened was jon was getting 20 percent of big deposits. He allowed sharp players to make big deposits so he got his commision. Those sharp players ran up hundreds of thousands of dollars in their accounts. He was advised by some of his staff not to do this, which is why a lot of them quite a few months ago. He kept doing it because of his commision. Those sharp players withdrew their funds and everytime they did they took 4-5 weeks worth of other peoples deposits with them. These sharp players busted betislands. If this book would of stay recreational like jon was advise the book would be thriving now, but it instead a few big players were paid, investors back out because of this and the book plummted

Sickening

[RudyRuetigger]

From Bangthebook sportsbook review site Nov. 11 2012

BetIslands was established in San Jose, Costa Rica in 1998, However after a series of DOS attacks, lost processing capabilities we have determined that Bet Islands can no longer payout individuals and we suggest checking out one of the Top Sportsbooks for 2012 that we have reviewed and tested!

http://www.bangthebook.com/sportsbook-review/blacklist-sportsbooks.php

they also have topbet at #5.

[marcojuiceman]

First, I'll say the owners of books aren't always public and it's not up to us to make it so although we consider the available information. If you want to know the details of the comapny, you can go higher up the ladder to the book's that have been there 10 years all the way to public companies like bet365 instead of books that opened in 2011. Everyone can see the timeline of a book whether you agree with SBR ratings or not and choose what risk factors are important to you. In fact, when BI hit its ceiling for a newer book at B, many of the posters who are angry with SBRforum now argued that they should have been rated higher because of how their experience was.

When there is a problem with a book sponsor or in this case, a closure, everyone feels very badly. We try to react quickly without taking chances. There are even staff family and friends who aren't necessarily posting but are often playing along. Anyone who has been around here a while knows it's not just a business at SBRforum and it's about the community as much as anything. We don't just sell impressions to gaming sites who ask. Internally SBRforum discussed how we could avoid this in the future. While I can't say BI was overrated at B at the time, we'll require more years online before a banner at the top can be there. It doesn't help players here but these are the type of things considered as we read each of the posts.

As mentioned BIs backing was no longer... backing. There wasn't a contingency plan for them as we were told early on and some things went on behind the scenes before we had knowledge of the resulting issues. Jon had apparently been visiting every book he knew to get players to land on their feet without a personal interest in what happened. He eventually thought he did and SBR agreed based on information available. One of the owners of a book with assets and the money to make it work had stepped forward. Their upside was to keep an established brand that players really liked and build on it. We are still not 100% clear on what occurred but this arrangement came undone and BI is back in the position it would have been had backer #2 not been introduced.

BSSSSSSSSSSSSSSSSSS Address this >>

I know Jon, the owner of BetIslands... I've known him for several years. I assure you, Betislands (and Jon) have nothing to do with those other books.

[spankie]

Sickest shit ive ever seen.

[5mike5]

Shittiest apology ever. Sorry you lost, dumb-ass posters, but SBR made out ok. We'll try to get it better next time....WHEN WE FUK U AGAIN. No responsibility accepted by SBR--you guys suck.

would feel exact same way HH

[allin1]

Sickest shit ive ever seen.

The twins going down was the sickest. This is second sickest