WSEX Closed

**John Dough** · 04-19-13, 11:02 AM

Originally posted by GoodVibrations

We sinisterly apologize for this unfortunate situation and will be doing everything we can to rectify it as soon as possible.

-WSEX Management

Typo? Sick joke?

**Ian** · 04-19-13, 11:03 AM

We sinisterly apologize

At least they're finally being honest about something.

**the_orangekat** · 04-19-13, 11:13 AM

I'm getting emails from about 8 books offering 90% cash bonus's, 17 X rollovers...tells ya something, I think off-shore is dead.

**stevex** · 04-19-13, 11:24 AM

Originally posted by the_orangekat

I'm getting emails from about 8 books offering 90% cash bonus's, 17 X rollovers...tells ya something, I think off-shore is dead.

You mean from one book called Bet Revolution?

**trumpdown** · 04-19-13, 11:41 AM

Thanks for the fond memories WSEX!

**orisbumplut** · 04-19-13, 02:04 PM

Scary part is WSEX used to be a really solid book Thats why you have to be crazy to bet with these non-A books because they can go belly up in a heartbeat.

**spankie** · 04-19-13, 03:27 PM

Woot!

**Cookie Monster** · 04-19-13, 06:51 PM

WSEX was the first victim of USA DoJ. Jay Cohen went to USA to put up a fight. He ended in prision for over a year.
Of course, WSEX should have been profitable after that, and they tried to use Antigua WTO case vs USA. Still do not know how they went down. The bonuses were quite modest (on times with wild offers), and the lines were reasonably tight. I have read about live lines giving value too often, but I doubt that was the culprit. Jay posted here for some time (user JC) and was very well informed.

**TheGuesser** · 04-19-13, 07:38 PM

No Emails to any clients, and no phones for at least 3 weeks, so doubtful about how they'll keep anyone informed.

**bookie** · 04-19-13, 08:52 PM

JC was all about free markets...sad that his company's conduct slanders the possibility for market generated trust.

**TheGuesser** · 04-19-13, 10:15 PM

WSEX's "Last stab" was the NCAA Finals. They were hanging 2, 2.5, numbers that never existed anywhere else, while the world was hanging 4, 4.5. Not that it would have mattered if they won, as they still weren't paying except in dribs and drabs over the last few years. But in their minds, that was the final straw, the last ditch attempt to keep on functioning. After that game, they just gave up, went on auto pilot for the last few weeks until today's Website announcement. Phones have been shut, and I doubt anyone will hear from them again. Jay Cohen, Steve Schillinger and Hayden Ware should be ashamed, if they have any shame left. But I'm sure they have Millions of Dollars they stole left.

**wisky** · 04-19-13, 11:42 PM

This was my first book offshore and loved the interactive concept. Quit playing there about 4 years ago.

**Pacific Square** · 04-20-13, 04:57 AM

They were the first sportsbook I received a payout from when I started online betting 15 or so years ago. I also noticed that they really hit the shitter once the UIGEA passed. Even though they became a scam at the end, I will actually miss these guys to be honest.

**flailing** · 04-22-13, 12:15 AM

Jay Cohen's partner still owes me money from 15 plus years ago when he was a bookie in San Francisco. It doesn't surprise me it turned out this way. The last time I visited the site it didn't seem to have been updated since its launch. The early publicity just put them in the cross hairs of the DOJ. I worked with both of the founders on the Pacific Stock Exchange so I knew them both to some extent. Jay struck me as the one with more brains and somewhat of a techie. If I remember what happened correctly, the partner was told to quit bookmaking or leave the exchange. This was after a clusterf*ck of a football season in which some people lost a lot of money that they couldn't afford to lose and his book was shot to hell. He told people who to go collect money from for their winnings. It was the background from the PSE and the use of digital options that got them write ups in WSJ and so forth.

**sbrhedge** · 04-22-13, 04:06 PM

They also spelled "CAPITOL" incorrectly. Unless they meant Washington, DC and their lobbying efforts.

**macb** · 04-22-13, 04:40 PM

Originally posted by flailing

Jay Cohen's partner still owes me money from 15 plus years ago when he was a bookie in San Francisco. It doesn't surprise me it turned out this way. The last time I visited the site it didn't seem to have been updated since its launch. The early publicity just put them in the cross hairs of the DOJ. I worked with both of the founders on the Pacific Stock Exchange so I knew them both to some extent. Jay struck me as the one with more brains and somewhat of a techie. If I remember what happened correctly, the partner was told to quit bookmaking or leave the exchange. This was after a clusterf*ck of a football season in which some people lost a lot of money that they couldn't afford to lose and his book was shot to hell. He told people who to go collect money from for their winnings. It was the background from the PSE and the use of digital options that got them write ups in WSJ and so forth.

Hope it wasn't Schillenger.

**mighty maron** · 04-22-13, 05:10 PM

Glad to see an official SBR report on a dead book like WSEX. Whats next...another update on oddsmaker?

Why not have the legends official report? This might be more useful

**pokermonster29** · 06-20-13, 12:08 AM

Jay and Haden owe me 70k and will never let this go.I have literally been flat broke due to this and still struggling yet owed 70k by these guys. I will never let this go until paid or they call and talk to me.. and be honest about this. I will never let this go..

**MikeTizzy** · 06-20-13, 12:42 AM

sad assss book! my friend's old boss thought it was great!!

**tommygun** · 06-20-13, 01:13 AM

Originally posted by pokermonster29

Jay and Haden owe me 70k and will never let this go.I have literally been flat broke due to this and still struggling yet owed 70k by these guys. I will never let this go until paid or they call and talk to me.. and be honest about this. I will never let this go..

"broke" yet you have money for food, internet, house.

**Foxx** · 06-20-13, 01:27 AM

Originally posted by pokermonster29

Jay and Haden owe me 70k and will never let this go.I have literally been flat broke due to this and still struggling yet owed 70k by these guys. I will never let this go until paid or they call and talk to me.. and be honest about this. I will never let this go..

Sorry to hear that man. I know what it's like. Hope things turn around for you.

**4seasons** · 06-20-13, 01:29 AM

Ahhh, the good old days of WSEX, VIPSports, and Neteller. It has luckily been years for me too. Tough enough to not know if you'll win, let alone not know if you'll ever get the cash paid. Sure is a tough racket, which should just be a routine industry like legal licensed Vegas Books.