Has everyone given up hope on a Betislands bailout?

[louis]

You can blame "bonus hustlers, syndicate players, and sharps", but the fact is Bet Islands went down because of bad management. The book kepts growing for a while which made up for the mistakes, as new deposits were able to cover payouts. At some point the bubble popped. Hopefully SBR becomes better at spotting these books that are able to make payouts because of rapid growth, but once the fast growth stops will be in trouble. No book can grow rapidly indefinitely.

[Scooter]

the bailout includes a huge ass deposit i am sure which means its really the equavelent of a bonus with a huge roll.

This is exactly what all so called "bailouts" are for crashed sportsbooks - essentially they are all simply bonus offers for new depositors with huge rollovers.

[HedgeHog]

You can blame "bonus hustlers, syndicate players, and sharps", but the fact is Bet Islands went down because of bad management. The book kepts growing for a while which made up for the mistakes, as new deposits were able to cover payouts. At some point the bubble popped. Hopefully SBR becomes better at spotting these books that are able to make payouts because of rapid growth, but once the fast growth stops will be in trouble. No book can grow rapidly indefinitely.

I don't buy into the notion that SBR was blissfully unaware of BI's pending doom until they announced it last week. Money bought their silence for the past month or two.

[BranchDavidian]

Got banned for saying something, pretty sure he is everywhere but here now, thank god.

If only you would have left with him!

[bettilimbroke999]

SBR will have an EZstreet banner and give them a decent rating by the end of the year bc they really stepped up and "saved u"...the good news is theyll have the same "industry respected solid financial backing" BetIslands had so thats good

[tto827]

SBR will have an EZstreet banner and give them a decent rating by the end of the year bc they really stepped up and "saved u"...the good news is theyll have the same "industry respected solid financial backing" BetIslands had so thats good

I doubt SBR is dumb enough to allow any book with an association to Jon to ever advertise here again. Would be pretty pathetic if they let it happen.

[BranchDavidian]

I doubt SBR is dumb enough to allow any book with an association to Jon to ever advertise here again. Would be pretty pathetic if they let it happen.

Isn't it interesting that John and Bill still associate with Jon. And before you start denying this, keep in mind that SBR has been posting what Jon IS confirming and what he IS denying, as tho it matters what Jon has to say about anything. Jon, John, Bill, Justin7 --- all good drinking buddies.

[tto827]

Isn't it interesting that John and Bill still associate with Jon. And before you start denying this, keep in mind that SBR has been posting what Jon IS confirming and what he IS denying, as tho it matters what Jon has to say about anything. Jon, John, Bill, Justin7 --- all good drinking buddies.

J7 lives 500+ miles away and in a different fukkin country , and apparently isn't that wealthy..

[The Kraken]

Not sure you can throw J7 in that group regardless of your personal feelings against him. Although I've disagreed with J7 on certain decisions, I've also agreed with him on many but he never toed the company line or came across as a yes man.

[hallandale]

A 15 time rollover is like it

[bettilimbroke999]

Sounds like your gettin bailed out of the Titanic and into the ocean

[TryingMyBest]

J7 lives 500+ miles away and in a different fukkin country , and apparently isn't that wealthy..

Pretty sure Indiana is a little further from CR than 500 miles

[tto827]

Pretty sure Indiana is a little further from CR than 500 miles

Didn't want to do the math, and didn't want to lie, so I went with 500+ but yup, good call.

[BranchDavidian]

J7 lives 500+ miles away and in a different fukkin country , and apparently isn't that wealthy..

OK, I might have overstepped with Justin7 --- he only knew him for several years, they may not have been drinking buddies like the rest of them. But it is nice that I gave you this opportunity to deflect from the main point that SBR and Jon were and still are good buddies.

[tto827]

OK, I might have overstepped with Justin7 --- he only knew him for several years, they may not have been drinking buddies like the rest of them.

If your wise enough to admit your mistakes on a forum, then I may have misjudged you from the start. Let's agree to disagree here, no point in continuing our e-battle throughout 8 threads

Also, I really have no idea how guilty SBR in this, just everyone was piling it on without proof, so figured the best way to get info out would be to argue the other side. Mikeyanks email definitely makes SBR look flat out stupid, if not guilty.

[BranchDavidian]

J7 lives 500+ miles away and in a different fukkin country , and apparently isn't that wealthy..

I don't know how you have any knowledge of Justin's financial situation ( other than, of course, as a SBR ghost ), or what it has to do with anything, but he had a pretty nice balance at BI.

[tto827]

I don't know how you have any knowledge of Justin's financial situation, or what it has to do with anything, but he had a pretty nice balance at BI.

A lot of other people have been claiming that he has little money, otherwise he wouldn't be working part-time for SBR. Doesn't have much to do with anything, you're right, I just meant that he isn't flying out to Costa Rica with any kind of consistency.

[robmpink]

Where is the Judge when you need him? Drinking a Martini & Rossi with Mikey BFC?

Dude, that Judge guy died months ago.

[Kindred]

Convo between EZ and BI over some coke one night before BI collapse.

EZ: Now that we have basically merged both our companies and all of our employees, what is the point of running 2 books?
BI: None.
EZ: Well which book should we get rid of?
BI: Well we have more sharps and have been running in the Red so we should probably keep your book.
EZ: Okay, makes sense.
BI: DUDEEEE EZZ
EZ: Yeah man?
BI: I have the best penetrating idea. How about we stiff all of my customers. We could steal most of their balances, but it won't matter because we are continuing in your name!
EZ: Yeah that's brilliant! We could even offer a "bailout" to some of the recreational players, and improve our reputation.
BI: So we can make money by stiffing our clients, while overall improving our public reputation AND only have to run one book going forward?
EZ: Yes man lets do it, these idiots won't figure it out.

[Footballtime]

Why wouldn't they just take your deposit as BI and steal your deposit?

I said i was a new guy looking for a book, but wanted to look things over.....I wsnt going to deposit at BI, since i have a decent amount of money there.....

[bettilimbroke999]

Convo between EZ and BI over some coke one night before BI collapse.

EZ: Now that we have basically merged both our companies and all of our employees, what is the point of running 2 books?
BI: None.
EZ: Well which book should we get rid of?
BI: Well we have more sharps and have been running in the Red so we should probably keep your book.
EZ: Okay, makes sense.
BI: DUDEEEE EZZ
EZ: Yeah man?
BI: I have the best penetrating idea. How about we stiff all of my customers. We could steal most of their balances, but it won't matter because we are continuing in your name!
EZ: Yeah that's brilliant! We could even offer a "bailout" to some of the recreational players, and improve our reputation.
BI: So we can make money by stiffing our clients, while overall improving our public reputation AND only have to run one book going forward?
EZ: Yes man lets do it, these idiots won't figure it out.

Pretty much this exactly....why do you think so many guys have worked at so many different low-level books, they just rob all their customers then have to go to a new book to do it again

[flyingillini]

Dude, that Judge guy died months ago.

I didn't know this, RIP Judge! He was always a fair and balanced. RIP to a pioneer.

[McFly86]

Convo between EZ and BI over some coke one night before BI collapse.

EZ: Now that we have basically merged both our companies and all of our employees, what is the point of running 2 books?
BI: None.
EZ: Well which book should we get rid of?
BI: Well we have more sharps and have been running in the Red so we should probably keep your book.
EZ: Okay, makes sense.
BI: DUDEEEE EZZ
EZ: Yeah man?
BI: I have the best penetrating idea. How about we stiff all of my customers. We could steal most of their balances, but it won't matter because we are continuing in your name!
EZ: Yeah that's brilliant! We could even offer a "bailout" to some of the recreational players, and improve our reputation.
BI: So we can make money by stiffing our clients, while overall improving our public reputation AND only have to run one book going forward?
EZ: Yes man lets do it, these idiots won't figure it out.

This seems pretty accurate.

SBR, do you intend to respond? You do realise that your business will be destroyed if you don't make this right?

[uncynd]

SBR only cares about the ad dollars people, wake the f up.

[Dark Horse]

Hard to believe how the sleaze factor has gone off the radar in CR. These low lives have no idea what a bad name they're giving offshore gambling. Offshore industry should be self-policing, because this image is now affecting them all, good or bad.

[Peregrine Stoop]

Hard to believe how the sleaze factor has gone off the radar in CR. These low lives have no idea what a bad name they're giving offshore gambling. Offshore industry should be self-policing, because this image is now affecting them all, good or bad.

yeah, it's shocking how a bunch of guys with loose ties to sports betting and spend months of the year in Central America scored high on the sleaze factor. Shocking

[Dark Horse]

Good point.

Not shocking. The surprise is in the willingness to destroy the credibility of an industry. There may be two or three trustworthy books left in CR, but there is no way this doesn't affect them in the long run. They turned the whole of CR into quicksand. CR is now a PR nightmare. The watchdog and the scam book having beers together. That's a lasting image.

[lecubs28]

any bail out that only targets certain players is very, very shady

personally, if they only send it to some players and exclude others, i'm gonna tell them to go penetrate themselves and just swallow my losses

[Dark Horse]

I doubt that SBR would allow it, but I could see the benefit of a death list for CR guys with their heads on the chopping block. They think this is a game where they can do as they please, and they will continue to do so until they're shown differently.

The 'bail out' in place right now takes it to a whole new level. "We'll take some more of your money, slap on a rollover, and then we'll scam you again."

SBR, where is the real bail out that you were referring to earlier?

[flyingillini]

A- to A+ Elite, top 1% of all Sportsbooks, Guaranteed safety & quality.


That is taken from the SBR ratings guide about playing with an A- to A+ book. My question is what does " guaranteed safety" mean. Whom and what is guaranteed?? That is a very strong word to use " guaranteed "A books have gone down in the past and id like to know what guarantee means and what exactly is guaranteed.

[Dark Horse]

A- to A+ Elite, top 1% of all Sportsbooks, Guaranteed safety & quality.


That is taken from the SBR ratings guide about playing with an A- to A+ book. My question is what does " guaranteed safety" mean. Whom and what is guaranteed?? That is a very strong word to use " guaranteed "A books have gone down in the past and id like to know what guarantee means and what exactly is guaranteed.

Guaranteed in these parts means: everything until it means nothing.

[flyingillini]

Guaranteed in these parts means: everything until it means nothing.

That's a word that shouldn't be used.

[Dark Horse]

It means nothing because there is no regulation. It's based entirely on trust. And the trustworthiness of SBR itself is in question. But even without bringing in SBR, what could it truly mean? 5Dimes is a great book. Top of the line. So what happens to a player's 200K at the book if Tony kicks the bucket?

[BetterBizness]

Lots in this thread say the bailout of a major book bailing out a couple million is impossible - including our dear friend 5D Tony...

Lets be real though - although the motives and actions were different in the poker industry (pokerstars bailing out FTP - essentially gaining a monopoly) - 5D bailing out 1/50th of the pricetag of what pokerstars did is just a 5 year quarter million dollar marketing campaign to which they would gain incredible good faith and "trust" as mentioned in an industry that has VERY little, and less yet in recent days.

even a Euro book full of "rec" players like 365 which has similar, but likely very different clientele could step up here.

In the laws of Large numbers I'm sorry but it's time for a large book to step the fk up and make the industry as a whole shine through this shit. No one says this has to be a precedent, but a couple hundy a year in "faith" charged to the marketing dept is no big fking deal.

This is a lot of bullshit the players that had their Christmas ruined needn't have gone through.

[Mr. Jones]

Hard to believe how the sleaze factor has gone off the radar in CR. These low lives have no idea what a bad name they're giving offshore gambling. Offshore industry should be self-policing, because this image is now affecting them all, good or bad.

Dark Horse there was once an offshore industry. 2004/2005 you could play with relative safety at 15- 20 or more books. You know that you were around. UIGEA comes along and the choke hold is applied. Dire results didn't happen at once and weren't meant to happen at once.

When the giants of the "industry" left not much of an industry remained. Now maybe 3 good books, a few more that you might count on for a payout today, but unsure of tomorrow. Man there are more watchdog/forum sites than decent books left. Plenty of hustlers, scammers and other bottom feeders left to fight over what doesn't go to the top books. This includes the forum sites. Just a dwindling customer base that can be trusted for them. The forum sites will do what they can to survive and that does not bode well for the average poster/gambler.

Sadly what we have left is not an industry. It is, with a few exceptions. a den of thieves. SBR and other such sites are left with this shell of a crumbing industry. Just look at the banners flying at the other sites. It will be the same here.