What Is The Update On The BetIslands Fiasco???

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  • Alltheway
    SBR Hustler
    • 01-23-13
    • 53

    #36
    Originally posted by orisbumplut
    It was no secret that SBR took ad money from BI so if you have any business sense, you had to take their endorsement of BI with a grain of salt. Any offshore can blow up on any given day. It is silly to put the blame on SBR. I am sure SBR would have preferred that BI live on so they would continue to cash their checks and wouldn't be saddled with bad PR.

    This post is probably one of the most logical posts during this whole mess.

    I had 3 friends that lost funds to the BI fiasco they all invested in research and they all found out the same thing BI gave out too much , and when the banker got arrested it was the end. Of course people want to play the blame game and want to get their money somehow but blaming SBR and asking for them to pay is almost absurd when a company goes broke do you go ask the newspaper , magazine , TV station that promoted them for your money back?

    Gambling offshore is a risk itself a risk SBR for the most part minimizes for us american gamblers.
    Comment
    • bubba
      SBR MVP
      • 09-29-05
      • 2432

      #37
      Originally posted by BIGDAY
      SBR was the victim also. They were promised a solid book. The poster fukken rated it as being TOP 5 book for cryin out loud!

      .
      please please please i beg you to tell me this is sarcasm

      +
      Comment
      • bubba
        SBR MVP
        • 09-29-05
        • 2432

        #38
        Originally posted by BIGDAY
        Well I blame bet island I guess.

        I have a financial advisor, and guess what, I've had a stock tank before.. Didn't get sh!t back from said company.

        My portfolio took a hit no doubt. For the one bad call my advisor gave me he had 18 fukken funds that hit.

        So I guess, yes, SBR did advise advise that bet island was a good book just like an advisor. But I wouldn't give SBR over 10% of te blame pal.

        How the fukk are people this blind in real world business???

        My position will never change. I blame be island. I honestly don't think I'm ignorant you blind fool.
        if you tell your stock broker you only want to play with safe stocks and he highly reccomends a start up company with potential and rates it as safe/safer than companies that have been around much longer than it has and lies to you and hides information about there financail backing. then the analogy is great. We are told this company was as safe as a pretty safe stock.

        sure there are enrons and stuff but this was not difficult for sbr to see coming.
        Comment
        • Al Masters
          SBR Hall of Famer
          • 04-29-06
          • 6940

          #39
          Originally posted by bubba
          please please please i beg you to tell me this is sarcasm

          +

          It wasn't sarcasim,he means it and belives it, because his eye is on climbing the SBR corporate ladder,doesn't make him a bad guy,just a tad bit naive and very loyal to SBR regardless of theiractions and lack of.
          Comment
          • tto827
            SBR Hall of Famer
            • 10-01-12
            • 9078

            #40
            Originally posted by bubba
            if you tell your stock broker you only want to play with safe stocks and he highly reccomends a start up company with potential and rates it as safe/safer than companies that have been around much longer than it has and lies to you and hides information about there financail backing. then the analogy is great. We are told this company was as safe as a pretty safe stock.

            sure there are enrons and stuff but this was not difficult for sbr to see coming.
            I feel terrible for you dude with how much you lost at BI, but the B rating just means they are the top 10% of all sportsbooks. I guarantee Enron was seen as a top 10% company (think about how many companies there are in the world).

            Anyone without extreme bias either way can probably agree SBR saw the writing on the wall somewhere between 1 month and 1 week before it was announced BI folded. How they handled the situation at that point is debatable, but it definitely could be argued that coming to the forums and telling everyone BI was finished would have eliminated any chance at them finding a way to dig out of the hole.
            Comment
            • BIGDAY
              SBR Aristocracy
              • 02-17-10
              • 48245

              #41
              Originally posted by Al Masters
              It wasn't sarcasim,he means it and belives it, because his eye is on climbing the SBR corporate ladder,doesn't make him a bad guy,just a tad bit naive and very loyal to SBR regardless of theiractions and lack of.
              C'mon AL. I'm only here for one reason. I enjoy the sports chatter and entertainment.


              I own a small business and I can promise you that SBR did not enjoy this happening to so many of these posters.

              I personaly hate it when I refer someone to some that advertises with me and it doesn't work out the way it should...
              Comment
              • Alltheway
                SBR Hustler
                • 01-23-13
                • 53

                #42
                Bubba , if a book was everything it claimed it to be for 98% of their existance how is that diff than an Enron scenario ?

                I have been catching up an reading nobody wants to be the bagholder when any sort of business goes broke , but it certainly happens in the business world and it happens in the offshore gambling world.

                BI was a book that was voted highly by people who used them as well , the company was broke when it closed down there was no theft one of my friends invested over $2k in information and the lack of escrow made the book unatracctive to any sort of bailout deal by any of the larger books.
                Comment
                • FreeFall
                  SBR MVP
                  • 02-20-08
                  • 3365

                  #43
                  I'm fine with lifting the blame from SBR, but I'm not fine with how they handled it.

                  They still haven't made an official or public annoucement. I know they didnt "own" the book, but I'd bet majority if not 75%+ of their clients were SBR guys. At the very least SBR should've come out and said we all (including the players) backed this book and here is what happened. Now that we all lost let's make these x changes and go forward. It's called being professional.

                  With their current behavior however it's rather easy to want to throw them into the blame since they are acting no better than BI has. Guilt by association.

                  These threads will probably stop over time or if SBR made a statement people could refer to. I'm not sure if I'd believe anything they said, but hell it looks better than hiding in the corner. Once you're here long enough you'll start to realize the pattern as this is an annual thing for SBR and other "sportsbook authorities."
                  Comment
                  • orisbumplut
                    SBR High Roller
                    • 01-22-13
                    • 210

                    #44
                    Why would or should they make a statement? Making a statement would only link them to BI in some fashion and imply that they share responsibility in some way. Whether they should share responsiblity or not is up for debate but they certainly are not going to do it unless there is some potential gain in doing so. They already said what they are going to say. I know it sucks and I know it hurts but this is not going to have a happy ending for those who had money there.
                    Comment
                    • SportsbookReview
                      SBR Rookie
                      • 01-01-07
                      • 41

                      #45
                      Originally posted by orisbumplut
                      Why would or should they make a statement? Making a statement would only link them to BI in some fashion and imply that they share responsibility in some way. Whether they should share responsiblity or not is up for debate but they certainly are not going to do it unless there is some potential gain in doing so. They already said what they are going to say. I know it sucks and I know it hurts but this is not going to have a happy ending for those who had money there.
                      ???

                      Search posts made by Bill Dozer, there are several discussing BI. Those are all "official", what's happening is just that there's a new thread each day so some aren't finding.
                      Comment
                      • SportsMushroom
                        SBR MVP
                        • 09-28-10
                        • 4177

                        #46
                        so sbr is not to blame?

                        its not their fault that they knew what was going on at least a month before BI went bust and didnt bother telling anyone? in fact they actively covered it up

                        is it not their fault for vouching for BI till the bitter end even though they knew what was going on?

                        its not their fault that they lied when they reassured people that BI financial backer was not arrested and then after the collapse they said oh wait actually he was arrested?

                        is it not their fault that they were lying about the credibility of BI owners saying time and time again that they personally confirmed that BI was not in any way related to ezstreet or 7red and that they were run from separate locations but as now people know bi=ezstreet=7red and that bi was run out of the same offices and from the same people?

                        people saying sbr is innocent in all this are dumb or are on the payroll


                        sbr is to blame for every penny lost in the BI fiasco, yes they were the ones that stole, they might not have been the ones that cracked the safe, but they sure as hell held the flashlight and drove the gettaway car
                        Comment
                        • FreeFall
                          SBR MVP
                          • 02-20-08
                          • 3365

                          #47
                          Originally posted by orisbumplut
                          Why would or should they make a statement? Making a statement would only link them to BI in some fashion and imply that they share responsibility in some way. Whether they should share responsiblity or not is up for debate but they certainly are not going to do it unless there is some potential gain in doing so. They already said what they are going to say. I know it sucks and I know it hurts but this is not going to have a happy ending for those who had money there.
                          You should do some more reading. Also look up Integrity and the importance of a repeat customer in running a successful business.


                          Originally posted by SportsbookReview
                          ???

                          Search posts made by Bill Dozer, there are several discussing BI. Those are all "official", what's happening is just that there's a new thread each day so some aren't finding.
                          I'm not quite sure either why they answered the childish threads instead of making a statement with those posts and stickying it.
                          Comment
                          • ACoochy
                            SBR Posting Legend
                            • 08-19-09
                            • 13949

                            #48
                            Originally posted by BIGDAY
                            You guys honestly think SBR wanted a black eye from this??

                            It will hurt them also. People aren't going to trust their rating as much.
                            SBR chose to get a black eye cos they chose not to give back commissions from the time they knew something was wrong to when the collapse eventually occurred.

                            Some would call that a form of insider trading (IE the US gov) but hey if that's how you want to play this BD then go right ahead.

                            Thought you were better than that is all...
                            Comment
                            • tto827
                              SBR Hall of Famer
                              • 10-01-12
                              • 9078

                              #49
                              Originally posted by ACoochy
                              SBR chose to get a black eye cos they chose not to give back commissions from the time they knew something was wrong to when the collapse eventually occurred.

                              Some would call that a form of insider trading (IE the US gov) but hey if that's how you want to play this BD then go right ahead.

                              Thought you were better than that is all...
                              They didn't get paid in December, and how much money do you think people really lost there? Not absolving SBR of blame, but lets not make stuff up.
                              Comment
                              • ngates815
                                SBR Posting Legend
                                • 12-01-09
                                • 13845

                                #50
                                Originally posted by SportsbookReview
                                ???

                                Search posts made by Bill Dozer, there are several discussing BI. Those are all "official", what's happening is just that there's a new thread each day so some aren't finding.


                                Like you guys just said...Bill Dozer responded in a couple threads...But there are 10 threads a day about it, so it's unlikely to come across the 2 posts of Bill Dozers per week in one of the many threads.

                                Why didn't/hasn't SBR made an official statement and just stickied it on the top of the players talk page? Or at least this page?
                                Are they too busy stickying threads about the new "girls" that work at SBR, rather than something that concerns us?

                                I lost no money, so I don't care too much, but it sucks that I haven't seen 1 thing from SBR saying sorry or anything of that nature...Sorry doesn't get the people their thousand dollars back, but at least having an official statement and something where people can go and vent would be beneficial.

                                Oh well.
                                Comment
                                • SportsbookReview
                                  SBR Rookie
                                  • 01-01-07
                                  • 41

                                  #51
                                  Originally posted by ngates815
                                  Like you guys just said...Bill Dozer responded in a couple threads...But there are 10 threads a day about it, so it's unlikely to come across the 2 posts of Bill Dozers per week in one of the many threads.
                                  How did you infer "a couple" from the quote directly inside your post that indicated several posts were made?

                                  Originally posted by ngates815
                                  something where people can go and vent would be beneficial.
                                  I understand now.
                                  Comment
                                  • orisbumplut
                                    SBR High Roller
                                    • 01-22-13
                                    • 210

                                    #52
                                    The fact that this site is watchdogging books that pays its freight, should tell you that you have to take its ratings with a grain of salt. BI helped SBR pay its rent so you can't possibly expect SBR to send a Private Eye in to uncover BI's dark secrets.
                                    The signs of BI failing were there for all to see if you just opened your eyes. The unsustainable free half points to sharps and high bonuses, the rinky dink website with no live chat and no racing, the fact that they were a cash only business, the fact they were closed for 3 full days when they were hacked, and the fact they called day after day after day desperate for deposits. If SBR would have given them an A, I would say they would be partly responsible but they got a B which was nothing to chirp about.
                                    Comment
                                    • ngates815
                                      SBR Posting Legend
                                      • 12-01-09
                                      • 13845

                                      #53
                                      Originally posted by SportsbookReview
                                      How did you infer "a couple" from the quote directly inside your post that indicated several posts were made?


                                      I understand now.


                                      Good one.

                                      I figured, Bill Dozer only made "a couple" posts a week about bet islands, since I've read numerous threads on the topic and bill has posted in 1 of them.

                                      Do you understand now? Or need me to break it down a little more for you?

                                      I understand some are a little slow.
                                      Comment
                                      • sneak-a-peak
                                        SBR MVP
                                        • 11-07-09
                                        • 1373

                                        #54
                                        Comment
                                        • Miz
                                          SBR Wise Guy
                                          • 08-30-09
                                          • 695

                                          #55
                                          I am glad that I am good at consistently winning. It will help me get back the money BI stole from me. It took me months of hard work to build my roll up at that place, and it was stolen from me. It set me back about 4 months of effort, which pisses me off.

                                          Fact: SBR is complicit in theft. That is the story. Time for me to bump all the BI threads back to the top. Just so new people know that SBR is not what they claim to be.

                                          Forget betislands. Check betonline slow pays, versus their rating on SBR. A B+ book that doesn't pay winners.
                                          Comment
                                          • Bnlsukdong
                                            SBR Rookie
                                            • 01-25-13
                                            • 1

                                            #56
                                            Bi sucks and was a scam since day1
                                            Comment
                                            • McFly86
                                              SBR High Roller
                                              • 01-15-11
                                              • 149

                                              #57
                                              What was the "official" response exactly? Will there be a video? Has anyone tried to sue you yet?
                                              Comment
                                              • Alltheway
                                                SBR Hustler
                                                • 01-23-13
                                                • 53

                                                #58
                                                Betislands situation sucks 100% for the industry and even more so to those who lost funds , i know personally a few people that lost money there and this is why I am here now to basically form my own opinion on a sportsbook before sending them any money.

                                                NOW to say that Betislands was a scam is not really accurate either these guys for the greater part of their existance paid out rather quickly one of my friends took them for over 20k and got 5k a week wihout much issue.

                                                The sportsbook was tanking and once the main $$$ guy pulled out that was the end of BI.

                                                Whenever there is a financial loss people will want to blame that tattooed fuk , they will want to blame every single forum who ever had a banner of them.

                                                But werent these same players that one who voted Betislands in the top sportsbooks while they were getting all the good stuff ?? Low juice , free half points etc etc.

                                                The players broke the book for other players some people got in and out quickly and made a killing of their offers and some sadly lost money when they went under.

                                                Lesson learned is that stick to the shops with the smaller bonuses , if you need to ask yourself how can a sportsbook give this away and stay in business ? then you probably should not take the offer.

                                                Stick to the top books with the smaller bonuses I for one much rather get a 20% at Legendz but 100% payment , than a 100% bonus with a 50% chance of getting paid.
                                                Comment
                                                • pjesnik24
                                                  Restricted User
                                                  • 11-01-05
                                                  • 1286

                                                  #59
                                                  there are so many people with few posts telling players who lost their money that it is their own fault and few persons with many posts telling everybody in every thread to let it go instead ignoring the thread if it is bothering them. I wonder why?
                                                  Comment
                                                  • Alltheway
                                                    SBR Hustler
                                                    • 01-23-13
                                                    • 53

                                                    #60
                                                    Nobody is saying it was the players fault , some of us and alot more like myself have never posted before but have always been a reader. In my case after hearing what happend to my friends and googling i landed on SBR. I am looking to post up again but choose to base my decision more on user feedback than rating.

                                                    But taking credibility away from users just because they havent posted 1000 times is absurd and childish.

                                                    Everybody that has any sort of mathematical skill can see that Betislands was sailing into dangerous waters with their offers , but yet when people were getting paid and players were raping them they were the best..

                                                    Basically if its too good to be true , in this business RUN
                                                    Comment
                                                    • SportsMushroom
                                                      SBR MVP
                                                      • 09-28-10
                                                      • 4177

                                                      #61
                                                      Originally posted by Alltheway

                                                      But taking credibility away from users just because they havent posted 1000 times is absurd and childish.

                                                      what about the date of registration then? is it a coincidence that after the bi collapse all these new people signing up to tell people its not sbrs fault? gimme a break, you must think we are all retarded

                                                      you're a detective now, you are not allowed to believe in coincidences
                                                      Comment
                                                      • Alltheway
                                                        SBR Hustler
                                                        • 01-23-13
                                                        • 53

                                                        #62
                                                        So anybody that has any sort of input is a liar?

                                                        I dont see any posts or have seen were other posters claim it was the players fault , and for the record I do not think it was the players fault in any way it is a shame to see people left hanging. I happen to know people who trusted Betislands and lost money there but the lack of logical posts haave really clouded the thread with BS.

                                                        They were offering the house to anybody that deposited with them and they were paying so people loved them , you cannot deny that just look up the old threads were people loving the same day payouts.

                                                        This will be the 3rd time I say it when something seems to good to be true , it is specially when there is money and gambling involved
                                                        Comment
                                                        • SportsMushroom
                                                          SBR MVP
                                                          • 09-28-10
                                                          • 4177

                                                          #63
                                                          Originally posted by Alltheway
                                                          So anybody that has any sort of input is a liar?

                                                          I dont see any posts or have seen were other posters claim it was the players fault , and for the record I do not think it was the players fault in any way it is a shame to see people left hanging. I happen to know people who trusted Betislands and lost money there but the lack of logical posts haave really clouded the thread with BS.

                                                          They were offering the house to anybody that deposited with them and they were paying so people loved them , you cannot deny that just look up the old threads were people loving the same day payouts.

                                                          This will be the 3rd time I say it when something seems to good to be true , it is specially when there is money and gambling involved
                                                          this will be the billionth time that i say it

                                                          sbr lied about bi and ezstreet(a scam book) having no relationship when in fact they were run by the same people from the same building, this alone makes them responsible for any money ever deposited to BI by sbr members

                                                          sbr misguided people by telling them the financial backer of betislands was not arrested when in fact he was

                                                          sbr knew the financial trouble bi was in at least a month prior to the collapse, probably at least 2-3 months before, but still kept vouching for them

                                                          the last two make them responsible for all deposits made in the 2-3 months prior to collapse


                                                          hype didnt start by the posters, hype was started by sbr and the dumb posters were brainwashed into worshiping bi like a cult, and sbr was the cult leader, and now they want to get out squicky clean by telling the poster 'well you drunk the coolaid so its not my fault, even if i tricked you into drinking it'
                                                          Comment
                                                          • BigDaddy
                                                            SBR Hall of Famer
                                                            • 02-01-06
                                                            • 8378

                                                            #64
                                                            grown men crying about this and that

                                                            get over it

                                                            stop blaming others for what you do.
                                                            Comment
                                                            • BranchDavidian
                                                              SBR MVP
                                                              • 08-29-10
                                                              • 1014

                                                              #65
                                                              Originally posted by BigDaddy
                                                              grown men crying about this and that

                                                              get over it

                                                              stop blaming others for what you do.
                                                              How much money did you lose BigDaddy? It is easy to "get over" something if it was other people's money! And, there is nothing wrong with placing blame where it is deserved. Anytime you want to "move on" go right ahead, nobody is asking you to come into these threads.
                                                              Last edited by BranchDavidian; 01-25-13, 12:51 PM.
                                                              Comment
                                                              • Squared Box
                                                                SBR Hustler
                                                                • 04-19-07
                                                                • 91

                                                                #66
                                                                Originally posted by SportsbookReview
                                                                ???

                                                                Search posts made by Bill Dozer, there are several discussing BI. Those are all "official", what's happening is just that there's a new thread each day so some aren't finding.
                                                                Who are you and why aren't you posting under your usual SBR name?
                                                                Comment
                                                                • orisbumplut
                                                                  SBR High Roller
                                                                  • 01-22-13
                                                                  • 210

                                                                  #67
                                                                  Mush, there was a lot to like about BI but there was also lots NOT to like. SBR is like a stockbroker. They give tips, not guarantees. You have to do your due diligence on your end. Did you ever wonder why there was no live chat and no racing department? Did you ever wonder why they didn't accept ************? Did the fact that they only were in business less than 2 years have no impact on you? When the hackers hit over the summer, did it bother you that the site was down for 3+ days, when a normal business would have had the problem fixed in a few hours

                                                                  Mush, I am not trying to be insensitive but you have to look at the big picture. And you can't expect SBR to
                                                                  play Big Brother to BI especially when SBR cashed their checks.
                                                                  Comment
                                                                  • pjesnik24
                                                                    Restricted User
                                                                    • 11-01-05
                                                                    • 1286

                                                                    #68
                                                                    Originally posted by orisbumplut
                                                                    Mush, there was a lot to like about BI but there was also lots NOT to like. SBR is like a stockbroker. They give tips, not guarantees. You have to do your due diligence on your end. Did you ever wonder why there was no live chat and no racing department? Did you ever wonder why they didn't accept ************? Did the fact that they only were in business less than 2 years have no impact on you? When the hackers hit over the summer, did it bother you that the site was down for 3+ days, when a normal business would have had the problem fixed in a few hours

                                                                    Mush, I am not trying to be insensitive but you have to look at the big picture. And you can't expect SBR to
                                                                    play Big Brother to BI especially when SBR cashed their checks.
                                                                    you know so much about the industry, you should have registered earlier and shared your warnings and opinions
                                                                    Comment
                                                                    • bubba
                                                                      SBR MVP
                                                                      • 09-29-05
                                                                      • 2432

                                                                      #69
                                                                      Originally posted by Alltheway
                                                                      Bubba , if a book was everything it claimed it to be for 98% of their existance how is that diff than an Enron scenario ?

                                                                      I have been catching up an reading nobody wants to be the bagholder when any sort of business goes broke , but it certainly happens in the business world and it happens in the offshore gambling world.

                                                                      BI was a book that was voted highly by people who used them as well , the company was broke when it closed down there was no theft one of my friends invested over $2k in information and the lack of escrow made the book unatracctive to any sort of bailout deal by any of the larger books.
                                                                      enron had arthur anderson pimp them up when they knew better. anderson did this for the $. same with sbr and betislands. arthur anderson no longer exists.
                                                                      Comment
                                                                      • orisbumplut
                                                                        SBR High Roller
                                                                        • 01-22-13
                                                                        • 210

                                                                        #70
                                                                        I didn't know that SBR was a licensed and certified auditing firm.
                                                                        Comment
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