I agree 100%. But if a book is not "properly funded" and cannot withstand a very long streaks of square decisions that hit, they should be hedging rather than praying. With all the bonuses and all the square bets seeming to hit this season, if BI was not hedging, they would be doomed.
An apology to all Betislands players
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tarheelfan72SBR Sharp
- 03-18-08
- 286
#141Comment -
offshoreguySBR High Roller
- 04-27-12
- 113
#142Exactly. No sportsbook was built off the vig only retards that spend too much time on the forums would even suggest that to be the case.Comment -
offshoreguySBR High Roller
- 04-27-12
- 113
#143I agree 100%. But if a book is not "properly funded" and cannot withstand a very long streaks of square decisions that hit, they should be hedging rather than praying. With all the bonuses and all the square bets seeming to hit this season, if BI was not hedging, they would be doomed.Comment -
offshoreguySBR High Roller
- 04-27-12
- 113
#144clownComment -
fastball00SBR High Roller
- 07-19-08
- 147
#145I will make this short -- I could write a fuking essay on this
"Jon" (from BI) apparently new something was wrong weeks ago and continued to post reassuring customers that things were fine. In all likelihood he did not know the extent of the problems and figured he could somehow turn it around (all depending on his depth of involvement) or he was lying as well. I understand this from his position as public relation/marketing guy for the company. I used to be a stock promoter and would get clients to buy stocks (often with in inflated and insolvent companies - the clients new this upfront) hoping the would make a profit before things collapses. Now my business boomed when everyone was making money, however, if my clients began to lose so did I - therefore it was in my best interest to keep them happy and informed!
There lies my problem with "Jon" stating things were fine a week and a half ago.
My main issue is with SBR who from all accounts knew this was an issue around a month ago (as did many in CR) - as is apparent by another site issuing a warning about BI a month ago. How can SBR not protect its customer base from this issue! I thought their whole mission statement was to bring transparency to the industry, dispute claims and be a voice for the public. However, they failed to inform SBR posters over a month ago of this issue because of their business relationship with BI. This is an epic failure of a business to properly report warning signs that a collapse is imminent because of a conflict of interest.Comment -
tarheelfan72SBR Sharp
- 03-18-08
- 286
#146
Because I am saying if they did not, and did not have enough financial backing, they would have gone broke this season. And if you would stop swinging your 3 inch dick long enough to read the posts, you might have understood that.Comment -
SmokeSBR Aristocracy
- 10-09-09
- 48111
#147boyyyyyyce hurry up and get your free lump of coal before the christmas bonus expires.
http://spankie.mysbrforum.com/photos/l/x7jc434l.jpgComment -
offshoreguySBR High Roller
- 04-27-12
- 113
#148So, are you saying that BI did not balance their books? Good.
Because I am saying if they did not, and did not have enough financial backing, they would have gone broke this season. And if you would stop swinging your 3 inch dick long enough to read the posts, you might have understood that.
I think you came through clear as a bell when you said "A book with -108 lines would make $8,000 for every $100,000 bet, assuming their books are balanced for every game", which is not how any book operates. Not one single book in the world.Comment -
evo34SBR MVP
- 11-09-08
- 1032
#149A real man admits when he does wrong and comes with the truth. I'm sure he only wanted to get out for months because things starting taking a financial turn for the worst. If he was making tons of money and the company looked bright I highly doubt he would have wanted to get out.
That being said ... I've NEVER been a BI fanboy but this post does make me respect Jon more, and everyone should remember this situation is bad for everyone. Bad for the industry as a whole, SBR, Bet Islands, Jon, and most important above everything else ... the customers who lost money in this sad sad sicking gross situation.
We need to all come together and try to make it so this doesn't happen ever again. There is nothing left to do.Comment -
SplitAcesSBR Sharp
- 09-22-12
- 434
#150Love how my posts being deleted about SBRComment -
tarheelfan72SBR Sharp
- 03-18-08
- 286
#151I think if you read more than one sentence before you start swinging your dick my point is pretty clear, yes.Comment -
TriumphSBR MVP
- 09-18-12
- 1235
#152I trusted SBR who had the Betislands banner on the top of the page so i kept a high balance with Islands, I guess greed and extortion finally got exposed, thanks SBR, there goes my kids XmasComment -
JasonDCSBR Sharp
- 12-06-12
- 391
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Ra77erSBR Posting Legend
- 06-20-11
- 10969
#154Triumph if your kids christmas money was locked up in BI then you have larger issues to worry about.Comment -
marcojuicemanSBR MVP
- 05-25-11
- 2870
#155Ppl dont want apologies they want their moneyComment -
paranoyd androydSBR Hall of Famer
- 10-01-11
- 6459
#156This is not an easy post to make but I feel it is the least I can do for players and to the forum community.
It has been weeks since I left my position as the GM for Betislands and after reading what the situation is right now I would like to provide clarification , since I was the one who talked up Betislands and believed in it more than anyone else did .During my time at Betislands I can sincerly say I always did my best for every single client always trying to get players paid and most of the time siding with the players. And for almost 2 years those things were accomplished.
The financial backing pulled out unexpectedly this is a verifiable fact from SBR and anyone in the sportsbook industry in Costa Rica. I am not the banker nor the money behind Betislands I was the General Manager in several aspects of the company including Public Relations but I was not the founding $$ nor the bank ( another fact that is easily verified )and for the most part we came through with our promises solid payouts , good CS and good bonuses. When everyone was getting the good stuff we were a top book of course.
After expressing my desire to leave for several months I left the company and retired from the post up scenario.
I am sure this post will not change the frustration and anger that some of you feel , and of course you associate your feelings towards the forum face of the sportsbook but I felt this post on my behalf was necessary.
I wish the best for the players and I am hoping some of the larger shops that have the financial prowlness will come in and help players out for the good of the industry in general.
JONComment -
offshoreguySBR High Roller
- 04-27-12
- 113
#158And no your point wasnt clear as you contradicted yourself in your next post.Comment -
BetislandsSBR Wise Guy
- 03-17-11
- 547
#159My posting does not expect sympathy at all . I was a member of this forum and I worked for a company that right now has harmed players and I understand that none of my actions would be taking in a positive manner but silence would just not be correct on my end , I am posting regardless of the threats and insults.
I read posts from clients saying I ran with a million dollars , which is absurd I am not hiding nor will I hide ... ask every major book owner who I really am ?
I was never the main money nor the financial backer of BI , I truly hope that solutions will appear for players that have lost money in this transaction.
Regarding payout questions , our payouts always went out like clockwork for 2 years so when I was given updates I had no reason not to believe them since they had always done right by clients.
I understand the feel and need to pin this down on someone and why not the guy that posted for Betislands ? but like I said this is a small industry ask around dig deep enough and you will find out that the backers indeed had legal issues and that I indeed did my best for clients.
I spoke with every single respected book to try and get help from them leaving any personal interest aside for the players sake just to have them turn me down.
You can choose to insult me and threaten me , but you can also verify what I just posted.
JONComment -
big joe 1212SBR Posting Legend
- 06-01-08
- 19379
#161My posting does not expect sympathy at all . I was a member of this forum and I worked for a company that right now has harmed players and I understand that none of my actions would be taking in a positive manner but silence would just not be correct on my end , I am posting regardless of the threats and insults.
I read posts from clients saying I ran with a million dollars , which is absurd I am not hiding nor will I hide ... ask every major book owner who I really am ?
I was never the main money nor the financial backer of BI , I truly hope that solutions will appear for players that have lost money in this transaction.
Regarding payout questions , our payouts always went out like clockwork for 2 years so when I was given updates I had no reason not to believe them since they had always done right by clients.
I understand the feel and need to pin this down on someone and why not the guy that posted for Betislands ? but like I said this is a small industry ask around dig deep enough and you will find out that the backers indeed had legal issues and that I indeed did my best for clients.
I spoke with every single respected book to try and get help from them leaving any personal interest aside for the players sake just to have them turn me down.
You can choose to insult me and threaten me , but you can also verify what I just posted.
JON
you don't even answer the questions asked that are legit questions
don't forget to click on the link to become an SBR proComment -
sneak-a-peakSBR MVP
- 11-07-09
- 1373
#162My posting does not expect sympathy at all . I was a member of this forum and I worked for a company that right now has harmed players and I understand that none of my actions would be taking in a positive manner but silence would just not be correct on my end , I am posting regardless of the threats and insults.
I read posts from clients saying I ran with a million dollars , which is absurd I am not hiding nor will I hide ... ask every major book owner who I really am ?
I was never the main money nor the financial backer of BI , I truly hope that solutions will appear for players that have lost money in this transaction.
Regarding payout questions , our payouts always went out like clockwork for 2 years so when I was given updates I had no reason not to believe them since they had always done right by clients.
I understand the feel and need to pin this down on someone and why not the guy that posted for Betislands ? but like I said this is a small industry ask around dig deep enough and you will find out that the backers indeed had legal issues and that I indeed did my best for clients.
I spoke with every single respected book to try and get help from them leaving any personal interest aside for the players sake just to have them turn me down.
You can choose to insult me and threaten me , but you can also verify what I just posted.
JONComment -
MoneylineExpressSBR MVP
- 04-18-11
- 1439
#164So these guys are closing up shop and taking everyone's money with them? Horrible. I've had this experience in the past with Bet Jamaica and Pinny but they both payed out when they closed up. I'm curious to how much money some of you guys had in your account at BI.Comment -
big joe 1212SBR Posting Legend
- 06-01-08
- 19379
#165Hi guys,
Our affiliation with Jazz is basically we outsource our wagering clerks to them. SBR has met the backers of Betislands that are well respected bookmakers in the credit industry and have been for over 10 years.
Now as far as Durito says that our financial backing should be questioned because we offer free half points during the week is a bit absurd to honest , if the half a point does not apply on 3s and 7s from Monday through Friday then the book is really not being exposed at all.
For some that want to call us a bubblegum shop , please find me a player that has not been paid or has has issues cashing money out from us , not only in BI but going back a few years when I was behind WC.
I understand offshore betting may make some people nervous , but until I skip a payment or take 3 weeks to send a check when I advertise same week then I will take all that comes with that , the business model from BI is to keep it simple with decent limits , great CS , no BS payouts and making the customer feel content betting with us.
Like I said before payouts speak louder than words , I could post on here all day but if we do not pay or break our promises it is worthless. We pay clients and our cash only model allows us to not have to deal with alot of the burocracy and delays that some do.
Cheers,
JonComment -
PPHSBR Rookie
- 08-06-11
- 35
#166So when you moved offices and told everyone that you bought EZ that wasn't a lie? You had no idea that money was out when payouts came to a screeching halt weeks before? So everything was going great and you decided to leave because of personal reasons?Comment -
MoneylineExpressSBR MVP
- 04-18-11
- 1439
#167This kind of shit really pieces me off. Crooks. Especially since SBR has endorsed this book the last few years. There's only 4 US books on the market where I would keep my money and that is Bookmaker/Bet DSI, Heritage, and 5Dimes. That is it.Comment -
big joe 1212SBR Posting Legend
- 06-01-08
- 19379
#168I see now why you extended the Thanksgiving 100% free playComment -
William WaltersSBR Hall of Famer
- 01-17-11
- 6372
#169Cheers
Comment -
PPHSBR Rookie
- 08-06-11
- 35
#170Where are Dudley and Robpink? There is their owner above that they assumed had millions and would never stiff a soul.Comment -
C.S.SBR High Roller
- 10-23-09
- 237
#171Are you serious that is "jon"?
We used to pay that guy $4.5/hour around 2005... guess he climbed the ladder.Comment -
SamDiamondSBR Hall of Famer
- 10-19-12
- 6107
#172Claps all the way around for SBR.
The Tatt'd guy is the guy you staked your board's reputation on?
Just well done.
Comment -
PPHSBR Rookie
- 08-06-11
- 35
#173Amazing what the internet can do for you when a forum allows you to spew lies. You can be the owner of a company and people will send you money.Comment -
C.S.SBR High Roller
- 10-23-09
- 237
#174and BTW
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?Comment -
offshoreguySBR High Roller
- 04-27-12
- 113
#175It wasnt clear because your insight was blurry at best and your next post you go with the opposite theory. Lets just agree that you know nothing and carry on.Comment
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