Let's see what evidence of their past actions comes up, rather than deal with conjecture.
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ATTN EVERYONE BETED GIVES AWAY FREE MONEY!!!!!
Now is not the time to be pulling out of BetEd. Now is the time to get your mom, dad, sons and daughters checking account!! Here are the easy signup steps you need.
1. Deposit in their name
2. Bet $1,000 on a team
3. If it wins, you get them to cash out, obv!
4. If it loses, send them your information
5. If 4, THEY WILL CANCEL THE BET!!
WIN-WIN SITUATION FOR YOU AND YOUR FAMILY. KEEP DOING THIS TIL YOU WIN A GAME AND FREE MONEY!!
MUST HAVE OUT, A+ BOOK!!!!!!!!!
No, seriously... give the kid his money or ATLEAST work out some kind of deal.Comment -
this is pure theft;;; they grab our deposits any which way but payouts have all these hellish conditions;; this book shouuld be boycotted unless they pay at least halfComment -
What you dont get is all those problems are related to payouts, if bettors would just quit botherin Ed all the time for payouts they wouldnt have any problems, take your 50 dollar deposit back and be happy, thanks for playin at BetEd!There is a history of very bad business practices with this book:
***bad link***
http://www.sportsbookreview.com/Play...d/default.aspxComment -
This is the problem. If the book gets in trouble for accepting unauthorized funds that's something they need to fix. What does that have to do with not paying winnings? That's illogical.
Bottom line, nobody wants to mess with the golden goose. Books are greedy and know you can't tell a wild gambler(type of customer they love) no we can't take your bet until you send paperwork.
As far as payouts, they know most such players will play until they make a million or lose. And of course they never make the million.
I think SBR provides a valuable service and do what they can within a framework, but it may very well be that certain issues are not to be discussed.bird bird da bird's da wordComment -
Thanks for clarifying.
Is there still a preventative arm of SBR? When it is clear to a book as Beted that it is in their interest not to clean up murky areas, as long as they can get away with it, why would they? And in that sense, isn't there a difference between a first and second offense?
Assuming that a downgrade hits a book where it hurts (in the pocket book), is SBR still using this leverage to motivate books to clean up their act, and create a safer betting environment for players? Everyone seems to agree that Beted is hurting the player in question financially. Beted bears at least partial blame, so let them feel the same pain; especially if that could motivate them to prevent this from reoccurring.
You are involved in the details of each case, like a painter close to the canvas. When the painter steps back he will see what most of us are seeing. He may have painted the details perfectly, but sometimes the picture just doesn't look right.Last edited by Dark Horse; 01-26-09, 06:23 AM.Comment -
I just want to say that I really enjoy the people on this forum and the positive thoughts, ideas, and criticism. Everyone could just jump on here and easily say FUKK the book, bla bla bla but that is not how it is done. Everyone brainstorms ideas and gives there fair assessment of the situation. If the player is wrong, someone will definitely point it out, i.e SGC vs Beted. Half the board was against her and called her bullshit from Day 1!
The one thing that bothers me about this case is that we are all saying the same thing except the person who is handling the dispute. I know its your job and not ours, but please take what has been said into consideration. The book AND the player are at fault, the book needs to be proactive and change its ways or this shit will continue to happen. I think a 50% settlement because each side were at fault is fair. It penalizes the player for breaking magic rule #14 and also penalizes the book for its lax standards...Comment -
This would not work, as the bank account info must match your info. So if you deposit in your parents name, how can they cash out for a BETED account in your name?
The way to work it is....to do just what the "kid" did. If you hit, quickly go to the bank and get added to the bank account (joint account), so when they ask for the documents, you will be on it. If you lose, tell them its not your bank account. This would be the way to freeroll if you want to go through all that trouble!Comment -
I think he was being sarcastic. The problem with paying here is that it opens a new can of worms with players that are encouraged by the opportunity to take a shot, based on their handling of this case. That's the problem with making exceptions for people, in a rule like this there simply has to be a precedent, no exceptions.
What they should do is have a screen that verifies checking account info before you deposit, that way this situation doesn't reoccur, but that doesn't automatically mean the player should get paid. He broke a pretty clear-cut rule, that most here have attributed to naivete, but ignorance is no defense to breaking rules in the real world, so why should it be here? I do think tossing the player a free play would send a better message, along with updating their e-check procedure.Comment -
Did I miss in this thread weatheror not this kid was a reqular customer or new? Has he deposited money before ?
My first post here, after lurking for a few months, but something seems wrong...If he had a history there, how was it funded???Comment -
Their supposed procedure of refunding all losing wagers opens them up to way more shots (which is why I don't believe it) than paying in this case. Any two people can deposit, go all-in, and if the wager loses, send a 3rd party bank statement.. and if it wins, become an authorized user and cash out. Some asian book a month or two ago tried a variant of this where they voided winnings becuase some guy didn't send in his cc forms fast enough in response to an email- and the book said they would have refunded losing wagers too.... ROFL. You don't even have to scam them to run that freeroll. Just lose and don't repsond to email, instant refund.. yeah right.
The standard echeck scam requires lying to THE BANK about an unauthorized transaction. This one only requires lying to some 3rd world sportsbook which comes with about 0 legal repercussions. Any two people can get a $2000 freeplay that way. The book would have to be retarded to allow that. They're safer, as a whole, by not refunding losers (the standard echeck scam is unstoppable).
beted maximizes short-term (single case) profit by stealing from winners, negotiating with partial losers (like robmpink's case), and ignoring or systematically failing to detect players who went busto. Justin has more faith in people than I do- unless I saw a procedure that detected almost all "bad" deposits and a documented history of always refunding partial losers and bustos in full, I wouldn't believe it existed, because it's way against their self-interest- and if it doesn't, the book is freerolling and should pay.
Their processor explanations also make no sense to me (possibly true, definitely irrelevant), and rule 14 says "for security reasons", and there's no security issue here. The deposit was authorized and probably already cleared. The whole thing stinks to me. It'll be interesting to see their actual procedures and previous cases.. and I might even have to eat my words about expecting them to be scamming, but we'll see.Last edited by tomcowley; 01-26-09, 06:22 PM.Comment -
Justin did take a close look and there aren't any signs the player was trying to get over on the book.
The player is providing us with a full timeline but tells us that the deposit cleared, despite the discrepancy with the first name, on December 29th.
BetEd had collected the money so the burden will be on them to show how this $50 would have ended up back in the player's hands had he lost it after they collected it.Last edited by Bill Dozer; 01-26-09, 06:44 PM.Comment -
I read the rule. It is so poorly worded if this case went to court a public defendant would have beaten BetEd's lawyers. BetEd was tried and convicted by the most honest and knowledgeable posters of this forum and was found guilty without any reasonable doubt.
BetEd needs to open their pockets and pay the kid now before it loses additional credibility in the eyes of the betting public.Comment -
cleared deposit = pay the guy, imoComment -
This is scary.. I currently have $1,000 in my beted account. However it IS my checking account.
Do not use this book people. Yes, they are rules but they're very strange ones. I can't withdraw my money because you have to wait until 10 days after your last deposit.
Why am I thinking I will lose my money?Comment -
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I am anxious to see some documented proof of them refunding deposits...Comment -
Normal protocol or not....they cashed the check and continued to let him wager on the deposit and the winnings from that deposit and only cried foul when he tried to withdraw the funds. As long as he was risking it, they didn't have a problem. That's a problem with their system. Just out of curiosity, and I'm sorry if it was stated and I missed it, just how much time had passed and how many wagers did he place to amass this amount?Comment -
hmm
makes me think, i have a similar issue and would like to hear what you guys think.
I have joined legendz about a few weeks back and have made a few deposits using my debit card. Since we are talking about banks and such, me and my girlfriend have a joint checking account where i have my own debit card (which was the card that was used for the deposit), will legendz ever backfire and give me the run around when i try to withdrawal? Note, the primary account holder is my girlfriend.. but we jointed accounts 2 yrs ago...
any light shed will be greatly appreciated. thanksComment -
unfortunately, according to a rep via live chat, i must wait 14 business days before i can make a withdrawal when using a credit card. hmm weird.... to be safe, i took a screen shot of transactions from legendz saying when i deposited and the approved* transaction on my online credit card statement. lets see what kind of run arounds they will give me.Comment -
They are not giving you the run around. 14 business days is normal for them. They make me wait that amount of time every time I do it. They are solid though, you dont need to worry about getting paid. If you do a withdrawal by ckeck, you get 1 free a month and will be at your door in 2-4 daysComment -
BetEd took a shot at the player. Downgrade this joke of a Book.Comment -
Ed is a cocksukkerComment -
Where is there an update..its been the weekend...and 3 business days...Comment -
the rules are clearly there in order to scam winners on their payouts.
if it was there to protect the book from fraud, then they would require the paperwork upfront.
if theyre worried about people taking free rolls and canceling echecks after losing then they need to protect themselves upfront.
their current rules fail to protect them from fraud, so its asinine for them to claim that that's their intentions.Comment -
How is this investigation turning out?
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It's slowly grinding forward. I'm waiting for contact information re: their fraud specialist. I'm no longer certain they should get a pass here.Comment
