An apology to all Betislands players

**Easy-Rider 66** · 12-18-12, 04:47 PM

Was BI operated that poorly that you do not have enough funds on Hand to pay out players that have cash balances at BI? Then shut Down. It sure looks like someone skimmed the profits and Ran.

**CollegePro** · 12-18-12, 04:47 PM

Originally posted by benandjerry

Just curious, wasnt a player on here banned for wrongfully receiving funds from BI and decided to keep them?

Remind me again, why would Jon still be able to post?

Earlier this month I spoke to you regarding alternative deposit methods, at which point you notified me you might soon be able to accept wire deposits. This was at your personal email. You've hardly been gone for weeks.

It appears as if you are a pathological liar.

SBR, are you guys going to comment on this???

**KGambler** · 12-18-12, 04:48 PM

Originally posted by Emily_Haines

What a fuking loser. Backing pulled out who gives a fuk??? Most accounts were post up. There should have at least been some money to make partial payouts but instead you stole it all. I hope someone fuks you up really good so the next coksucker that decides to stiff everyone has something to think about before doing it.

Yeah, post up but even squares were killing it this football season and the half point promo was like giving money away. They lost a shit load. Who knows how much they ran away with, but they were definitely operating deep in the red for a long time now.

**SamDiamond** · 12-18-12, 04:48 PM

No shit, this is life imitating art.

Jon is the schill selling the ring. Watch it, tell me it doesn't fit.

**tarheelfan72** · 12-18-12, 04:49 PM

It is not in anyone's best interest to prevent Jon from posting.

**bostonboss** · 12-18-12, 04:49 PM

mr bill dozer is going to keep silent....if he or sbr had any ties with bet islands he could be sued.

**tarheelfan72** · 12-18-12, 04:50 PM

Originally posted by bostonboss

mr bill dozer is going to keep silent....if he or sbr had any ties with bet islands he could be sued.

Not really.

**harvesters** · 12-18-12, 04:50 PM

Guys I'm as pissed as anyone, I'm on for low 5 figures here, but do yourself a favour and don't threaten violence. If something does happen to " Jon" or "Ryan" you don't want to have your Internet tough guy posts biting you in the backside

**mw00** · 12-18-12, 04:52 PM

like i said..dude better off not posting anything. digging a deeper hole for himself and everyone involved.

**Ra77er** · 12-18-12, 04:53 PM

Emily buried BI with whale bets

Emily doesn't believe in guns

Emily choke this guy with those jolly rancher stained sausage fingers

**Microphone** · 12-18-12, 04:53 PM

Jon you pathetic liar.

SBR Forum - Sports Betting Talk - Sportsbook Review Forum

http://forum.sbrforum.com/sportsbooks-industry/2000180-i-am-leaving-betislands.html#post16667130

Sports betting and handicapping forum: discuss picks, odds, and predictions for upcoming games and results on latest bets.

**sneak-a-peak** · 12-18-12, 04:54 PM

Good point. Why does a post up book need financial backing? This has been a big scam all along. Thanks SBR! I have never been so angered in my life. This makes me want to join the feds and help shut all these books down for good. I am dead serious...... I might make this a personal commitment now that i am done with wagering thats how mad i am

**PaperTrail07** · 12-18-12, 04:57 PM

Hey guys...lets be real....he is not the cartel....just the local thug appointed to run things....If SWIM paid for Drugs in advance....and the guy blamed the cartel for not producing the drugs/backed out....that man would be killed

**Smoke** · 12-18-12, 04:59 PM

Thread of the year!

**PaperTrail07** · 12-18-12, 04:59 PM

It was a scam from the start....anyone who collected outta there $ was simply paid to keep the good times a rollin....grease on the stealing wheel...

Ask Madoff....he paid plenty of people....

**PaperTrail07** · 12-18-12, 05:00 PM

Jon, you scamming stealing penetrate.....you knew exactly what you were doing then post this garbage.....the REASON he went from book to book was to upsell and leave....

**PaperTrail07** · 12-18-12, 05:01 PM

AND He is trying to have people still trust him LOL....how can you trust a man that cant trust his own boss/backers....LOL

**PaperTrail07** · 12-18-12, 05:02 PM

some really funny shit here

**tarheelfan72** · 12-18-12, 05:02 PM

Originally posted by sneak-a-peak

Good point. Why does a post up book need financial backing? This has been a big scam all along. Thanks SBR! I have never been so angered in my life. This makes me want to join the feds and help shut all these books down for good. I am dead serious...... I might make this a personal commitment now that i am done with wagering thats how mad i am

For when everyone is winning and requesting payouts, and you have not received enough in deposits to cover the payouts + operating expenses.

I mean, realistically, if EVERYONE got paid up until last week (which they did), how much do you really think there was to run off with. And If the business is profitable, why do you want to kill the goose and run off with the egg? The house of cards collapsed for a lot of reasons. People are oversimplifying it into scam/greed scenario because they are so angry it makes them feel better to pin it all on one person.

**tarheelfan72** · 12-18-12, 05:07 PM

A book with -108 lines would make $8,000 for every $100,000 bet, assuming their books are balanced for every game. How much action do you think BI took on an average week?

You take servers, employees, software, advertising and all those expenses.

Then you take free half points, 100% freeplays, and a football season with very few surprises, and I'm not seeing a whole lot of profit there.

**Easy-Rider 66** · 12-18-12, 05:07 PM

Originally posted by tarheelfan72

For when everyone is winning and requesting payouts, and you have not received enough in deposits to cover the payouts + operating expenses.

I mean, realistically, if EVERYONE got paid up until last week (which they did), how much do you really think there was to run off with. And If the business is profitable, why do you want to kill the goose and run off with the egg? The house of cards collapsed for a lot of reasons. People are oversimplifying it into scam/greed scenario because they are so angry it makes them feel better to pin it all on one person.

I find it hard to believe everyone was winning. The more likely scenario is that the Profits were being skimmed for a while and this shut down was planned for some time.

**philswin** · 12-18-12, 05:08 PM

They probably pulled more and more money out of the company every month. Once the money comes out of the company it does not go back in. I am sure the backers and Jon walked away with a lot of cash. As the deposits grew the greed set in and more money was taken out as opposed to building up the balance sheet. A couple bad weeks and they are so under capitalized they just shut down. They probably figured they would not be able to withstand the end of football season so take the remaining cash and run.

**PPH** · 12-18-12, 05:12 PM

1.5 million doesn't come due overnight. I questioned you a couple of weeks ago about the 100% free play and you assured me it was normal for books to give huge bonuses around the Holiday's. I knew then that you were broke so I find it hard to believe that you or SBR didn't. You don't get a free pass now for making this post when you and SBR led people to slaughter. If SBR knew your backer and you are claiming that there was a bust in the latter stages of September then both are guilty of not warning the betting public. Why don't you give a 1,000,000% free play bonus as I am sure that is normal for books that go

up.

**offshoreguy** · 12-18-12, 05:13 PM

Originally posted by tarheelfan72

A book with -108 lines would make $8,000 for every $100,000 bet, assuming their books are balanced for every game .

You say this like you know something. If you think books "balance books" then you know nothing.

**lecubs28** · 12-18-12, 05:14 PM

the lies coming from all sides are really upsetting. it's bad enough that i've just lost my whole balance, at least spare me all the bullshit. everyone trying to act like they're innocent when it's completely obvious that a lot of people were very dishonest throughout this entire thing

**spankie** · 12-18-12, 05:15 PM

boyyyyyyce hurry up and get your free lump of coal before the christmas bonus expires.

http://spankie.mysbrforum.com/photos/l/x7jc434l.jpg

**Fire in da hole** · 12-18-12, 05:19 PM

Jon, Why didn't you come in here and warn everyone if you a) knew of the situation and, B) thought you had a hand in us coming to BI? Also, when did SBR know about the situation?

**tarheelfan72** · 12-18-12, 05:19 PM

Originally posted by Easy-Rider 66

I find it hard to believe everyone was winning. The more likely scenario is that the Profits were being skimmed for a while and this shut down was planned for some time.

I don't know man. When the book is giving out that free play and requiring a rollover, they are basically counting on a bad streak to deplete the balance before that rollover can be met. I think the games have been pretty friendly this year. I have only hit one bad streak that took me from $3K to zero (not all football), and I am still up on the season. If those bad streaks do not happen and people hit that rollover and don't have to re-up, it's a double whammy for the book. People ask for part of their money, and still have money left in their account so they don't have to re-up.

I'm not saying that's the only thing at play here, but I think most seasons there is usually a little more room for bad management, and furthermore if these dumbasses were trying to roll with the punches rather than balance their books, they turned themselves into the gambler and probably got creamed. I mean even most locals limit their risk in some form or another when everyone is on one side.

Lot of questions, wish we had more answers. There is no way Jon was GM without knowing what the hell was going on with the profits.

**tarheelfan72** · 12-18-12, 05:23 PM

Originally posted by offshoreguy

You say this like you know something. If you think books "balance books" then you know nothing.

OK clown. And if they don't balance the books and the public wins four weeks in a row, what happens?

Do you need me to spoon feed the point to you more, or have you figured it out now?

**Easy-Rider 66** · 12-18-12, 05:24 PM

Originally posted by tarheelfan72

I don't know man. When the book is giving out that free play and requiring a rollover, they are basically counting on a bad streak to deplete the balance before that rollover can be met. I think the games have been pretty friendly this year. I have only hit one bad streak that took me from $3K to zero (not all football), and I am still up on the season. If those bad streaks do not happen and people hit that rollover and don't have to re-up, it's a double whammy for the book. People ask for part of their money, and still have money left in their account so they don't have to re-up.

I'm not saying that's the only thing at play here, but I think most seasons there is usually a little more room for bad management, and furthermore if these dumbasses were trying to roll with the punches rather than balance their books, they turned themselves into the gambler and probably got creamed. I mean even most locals limit their risk in some form or another when everyone is on one side.

Lot of questions, wish we had more answers. There is no way Jon was GM without knowing what the hell was going on with the profits.

I get your drift, but it just seems more likely that something happened here more that just bad management or poor risk management practices.

**PPH** · 12-18-12, 05:29 PM

Originally posted by tarheelfan72

OK clown. And if they don't balance the books and the public wins four weeks in a row, what happens?

Do you need me to spoon feed the point to you more, or have you figured it out now?

All books want huge square decisions. Nobody balances action in the industry. The properly funded books can withstand multiple winning weeks by the players because they know it is a short term loan to the players and they will get it back.

**tarheelfan72** · 12-18-12, 05:30 PM

Originally posted by Easy-Rider 66

I get your drift, but it just seems more likely that something happened here more that just bad management or poor risk management practices.

Probably so but if a business is printing money you don't run off with the bank account either. Doesn't make sense. Especially in light of the fact that everyone was always paid until last week.

**JasonDC** · 12-18-12, 05:31 PM

Originally posted by Footballtime

No Bitch you are trying to save your fuking life,,,,,,,Ill be down in Costa Rica in 5 weeks Bitch, Hopefully with the picture i have and your fullname Jon Kreta, someone down there will point me in the right direction for 250-500us dollars. I am personally going to shove you gun up your fuking ass bitch, and you may wake up with a little Vasoline on your asshole! Give me 5 weeks, Costa Rica is a yearly Vacation for me since my Wife is spanish, Good luck and please stay down there, you cant be hard to find down there fukhead!

This guy has issues, but i like it! reading his post was the first time i have laughed in the last couple days.

**offshoreguy** · 12-18-12, 05:36 PM

Originally posted by tarheelfan72

OK clown. And if they don't balance the books and the public wins four weeks in a row, what happens?

Do you need me to spoon feed the point to you more, or have you figured it out now?

No you dont have to spoon feed me anything. Im just saying you obviously know jack shit about the business. Nobody has equal money on both sides.

**Easy-Rider 66** · 12-18-12, 05:36 PM

Originally posted by tarheelfan72

Probably so but if a business is printing money you don't run off with the bank account either. Doesn't make sense. Especially in light of the fact that everyone was always paid until last week.

With the Offshore Industry being what it is in relation to US Facing players, the object might be just that. Take as much as you can and Run for the Hills.