GoBetGo currently off-line, post here if you have a balance

[steve1845]

Yeah yeah, seems that you are betting some pennies to work with such a websites. that was a trap, where a lot of people where trapped. But its obviously a sign for all the bookmakers to avoid curacao license and just close them, since they cannot operate this way, I cannot remember a lot of cases with other regulations, like Alderney, Isle of man, UK, or Malta (some cases exists, but only due to high volume of operators), but Curacao - for sure its closed regulation for me, and I hope that others will just avoid of placing bets in sites with this regulation, even Marathonbet and Pinny should take another license, since it can be an issue in future even with them.

I have first hand hand experience that the Curacao even-gaming body is completely useless in terms of deadline with or even having the courtesy to respond to complaints. However don't think that just because a site is UK licensed it is necessarily secure. Betbutler and canbet are 2 of use recent biggest examples of collapses and they both operated under UK supervision.

[gvolt62]

I had 340 euro and I withdrew them yesterday via gobetgo.net. Of course I don't expect to receive them. I see my activity list though. If I can leave a comment I don't think that they intentionally left, it is probably that they couldnot afford this huge payment that MrRed described. If I read him correctly they had already lost another 100 k a month before. These "small shops" cannot afford such huge payments. Of course it is their fault that they welcome high stake players and arbers. I play with them heavily all this year (small stakes of course, 200-400 euros) and I never had problems. I emailed them (with response) even during last days of December and I got the reload bonus ! Of course I knew it was a "small shop" but I felt very surprised that they had gone. You see, if some people start shouting over the net, these guys donot have another option than run away. The same happened with Mobibet a few months ago.

[pjesnik24]

I will never understand why people bet on these horrible sites.. Sportsbook I understand because of the URL but gobetgo? Imo it's 365 or pinnacle and I know my money's more safe there than in my pocket.

like betislands?

[Sawyer]

Balance: €9,914.66 + 2,000€ pending withdrawal

11,914,66€ total.

[gvolt62]

Still don't understand how this thing works guys .... is it so simple that you get a "Curacao", whatever, license paying couple of thousand, you rent some relative hw and sw, you post high odds and bonus to attract customers and when you get some decent account balances you shut the light down and you run away ? no names, no people chasing, no prosecution, nobody is taken to court ? Is it only tears ans screams in betting forums ? Then the guy comes again when the dust is over and starts up again ?

[Maio]

i have 12,5 K

[Optional]

It's unexpected to see so many larger size balances in a book that operated for less than a year.

What about this book encouraged that do you guys think?

[Joker10]

gobetgo is offline. goodbye 7000eur

[Sawyer]

Dear players,

Our strategy to offer the best odds on the planet with very low margins did not prove to be a successful one, given the clientele we attracted and the payment processing and marketing costs we incurred. During the period of November/December there was a large withdrawal wave, which entirely emptied our company balances and as we stand, we are insolvent.

Therefore, we deeply regret to inform you, that as of today we are effectively closing GoBetGo.com.

Sincerely yours, GoBetGo Management.

[Joker10]

THANKS BetBrain and ODDSPORTAL, the fault is yours. now they do not help, they have a duty.
I'm going to shoot against who? curacao? bulgaria? panama? THIRDworld

[Hareeba!]

Dear players,

Our strategy to offer the best odds on the planet with very low margins did not prove to be a successful one, given the clientele we attracted and the payment processing and marketing costs we incurred. During the period of November/December there was a large withdrawal wave, which entirely emptied our company balances and as we stand, we are insolvent.

Therefore, we deeply regret to inform you, that as of today we are effectively closing GoBetGo.com.

Sincerely yours, GoBetGo Management.

Just incredible that books can be allowed to operate like this, using player funds for working capital rather than maintaining them in secure trust accounts.

[Sawyer]

is it so easy to scam people? just open a book, operate with %99 payout and then disappear with money.

[superhans]

Just incredible that books can be allowed to operate like this, using player funds for working capital rather than maintaining them in secure trust accounts.

The joys of a Curacao licence

[krajifan84]

what the players with balance can do now ???? i will ciomplain till the end .... more then 7 thousand was my balance


i am interested what will be changed if we post how much balances we had ??? what we can do to complain the gobetgo team

[superhans]

what the players with balance can do now ???? i will ciomplain till the end .... more then 7 thousand was my balance

Forget about it. Have a look at the canbet thread on here... once they have gone, you're money goes with them

[MrRed]

go to gofraudstergo...this is a joke!!

Dear players,

Our strategy to offer the best odds on the planet with very low margins did not prove to be a successful one, given the clientele we attracted and the payment processing and marketing costs we incurred. During the period of November/December there was a large withdrawal wave, which entirely emptied our company balances and as we stand, we are insolvent.

Therefore, we deeply regret to inform you, that as of today we are effectively closing GoBetGo.com.

Sincerely yours, GoBetGo Management.

[Optional]

is it so easy to scam people? just open a book, operate with %99 payout and then disappear with money.

Technically it is possible, but it takes a lot more than some software and a dodgy license to pull this off.

It must have taken some awesome marketing by a seriously smart/charismatic individual to build up this level of user funds held in such a short time frame.


I'd still like to hear some opinions from players about what drew you all in to trust GoBetGo so quickly with large balances.

[xtrader]

Just incredible that books can be allowed to operate like this, using player funds for working capital rather than maintaining them in secure trust accounts.

Good point, but they still wouldn't be able to pay if the players won money overall.

[MrRed]

The reason why i joined is simply and if you look in other forums. Best odds ,better than betfair, pinnacle and a lot of bonuses. They gave me for every deposit 15% on top, no matter how big. Deposit 20k play with 23k and turnover 3 times and they took highstakes. If you hear from other forums...yes same...big odds, most of the others were doing arbitage and no limitation.

[kkkkk]

Optional why dont you try to help them first instead of waiting for answers?

[Optional]

The reason why i joined is simply and if you look in other forums. Best odds ,better than betfair, pinnacle and a lot of bonuses. They gave me for every deposit 15% on top, no matter how big. Deposit 20k play with 23k and turnover 3 times and they took highstakes. If you hear from other forums...yes same...big odds, most of the others were doing arbitage and no limitation.

From what you told me they were definitely very generous with odds and flexible with betting limits.

It kind of looks like a disaster waiting to happen if they treated everyone the same way as you, reading back in hindsight eh?

I think your case is a little different to some others though. It wasn't like you trusted them with a 125k balance, you just killed them in a really short time frame. And it was their own silly fault for giving you almost whatever odds and limits you asked for almost every time!

[Optional]

Optional why dont you try to help them first instead of waiting for answers?

I don't know what we can do to retrieve funds at this stage kkkkk but SBR are investigating still.

Sorry if my questions are annoying. I'm interested to know as much as possible about how this happened to help spot the repeat effort when it comes.

[Joker10]

Optional please, help us..

[Joker10]

I cant accept: before Canbet stolen 3000eur, now Gobetgo 7000.. NO WAY!!
I cant stop betting...but i m very very fed up

[T4TRUTH]

I think it is obvious, BIG BONUS, LOW ROLLOVER,SUPPER ATTRACTIVE out of the market ODDS, NO LIMITS players bet huge, NO RISK MANAGEMENT. It is the same old story.
Though many will scream and moan for shops that have limits and strategies in place to remain in business, the masses run to the shops where they will get screwed and believe they have a right to something.
1.Bet where you know you know you can get paid!! (ask around for payment history from players)
2.Deposit amounts you can afford to lose.
3.Take a bonus that comes with a market standard bonus
4.Accept a shop that will be in business to pay you might place some limits on you.
5.Look for a book that is in the business of being in business (not some new fly by night)

Although people have been burned, this is sad to me very and I feel for you guys and that is just not fair, that being said the signs were there like I mentioned above.
Short term new shop needs to be looked at cautiously, I am sorry for you guys and suggest you seek out the complete ownership details and track them down.

[Playon]

I wonder how Betonvalue and many other odds comparison sites are so unbelieveably irresponsible that they keep updating odds from these fraudsters after everyone knows what is happening. Betonvalue still updating from Ball2win, what the penetrate.

[noyb]

THANKS BetBrain and ODDSPORTAL, the fault is yours. now they do not help, they have a duty.
I'm going to shoot against who? curacao? bulgaria? panama? THIRDworld

I cant accept: before Canbet stolen 3000eur, now Gobetgo 7000.. NO WAY!!
I cant stop betting...but i m very very fed up

take some responsibility for your own stupidity, instead of always looking at others. you seem to have money with every shady dodgy book out there. do some homework and use common sense before you bet, instead of being greedy and then later blame others for your greed.

[portman]

@Optional: I have played in over 100 bookmakers throughout my career, i can judge whether one firm is competitive or not. I reckon that GBG's collapse was not due to their incompetitive sportsbook but from all the parallel wrong decisions. Bonuses, transaction costs, and more importantly this crazy affiliate program that allowed up to 40% cashback with no negative carryover!! were all that factors that produced their failure. In terms of their sportsbook product, there were times that their odds were sharper than Pinnacle's, the movement 8/10 was happening on the GBG favour so frankly i was convinced that something ambitious was borned there. Also they told me some convincing lies, such as that their CEO was a former CEO of the national sportsbook of China that counted 1bn euros in annual turnover. Their payouts were instant (up to 30k sometimes) and all those perfectly persuaded me of their legitimacy. I believe that they started with good intentions but since early December, when they started to realize the first intensive financial troubles, they executed a perfect plan to fraud players and save themselves. Unfortunately internet betting is a special form of business, in any other kind of the business world, the owners of a firm that operated as such, would be already been in jail for their fraud-practices.

[MrRed]

I think it is obvious, BIG BONUS, LOW ROLLOVER,SUPPER ATTRACTIVE out of the market ODDS, NO LIMITS players bet huge, NO RISK MANAGEMENT. It is the same old story.
Though many will scream and moan for shops that have limits and strategies in place to remain in business, the masses run to the shops where they will get screwed and believe they have a right to something.
1.Bet where you know you know you can get paid!! (ask around for payment history from players)
2.Deposit amounts you can afford to lose.
3.Take a bonus that comes with a market standard bonus
4.Accept a shop that will be in business to pay you might place some limits on you.
5.Look for a book that is in the business of being in business (not some new fly by night)

Although people have been burned, this is sad to me very and I feel for you guys and that is just not fair, that being said the signs were there like I mentioned above.
Short term new shop needs to be looked at cautiously, I am sorry for you guys and suggest you seek out the complete ownership details and track them down.

Track them down...haha your a funny guy... Do you really think i have not tried all LEGAL methods so far....nobody can help and if i say nobody i mean it so!

[noyb]

@Optional: I have played in over 100 bookmakers throughout my career, i can judge whether one firm is competitive or not. I reckon that GBG's collapse was not due to their incompetitive sportsbook but from all the parallel wrong decisions. Bonuses, transaction costs, and more importantly this crazy affiliate program that allowed up to 40% cashback with no negative carryover!! were all that factors that produced their failure. In terms of their sportsbook product, there were times that their odds were sharper than Pinnacle's, the movement 8/10 was happening on the GBG favour so frankly i was convinced that something ambitious was borned there. Also they told me some convincing lies, such as that their CEO was a former CEO of the national sportsbook of China that counted 1bn euros in annual turnover. Their payouts were instant (up to 30k sometimes) and all those perfectly persuaded me of their legitimacy. I believe that they started with good intentions but since early December, when they started to realize the first intensive financial troubles, they executed a perfect plan to fraud players and save themselves. Unfortunately internet betting is a special form of business, in any other kind of the business world, the owners of a firm that operated as such, would be already been in jail for their fraud-practices.

so you're basically saying they lied to you about who they were, and a business model that even a 2 year old could understand wouldn't work, yet you believe they had "good intentions" ???

[wrongturn]

Similar situation to BetIsland. Unlike early days of online sportsbetting when regulations were loose and players were "dumb", nowadays that if you find a new site with big bonus, big limit, and frequent attractive lines compared to Pinnacle, run, not walk. It has been proven that it is near impossible to beat Pinnacle in the long run.

[Bahitoss]

I have 112 $

[gvolt62]

Hey guys, this cannot be like this. It is not possible to start a business, fail and then say "sorry guys, I failed, I can't pay you, I am terribly sorry but that's life. Bye bye. This guy who wrote this staff is a real person. He has to go to court. His company must be liquidated and if it worths 0 then he has to pay from his own property. We should not be pathetic on this ! We have to find him !

[portman]

so you're basically saying they lied to you about who they were, and a business model that even a 2 year old could understand wouldn't work, yet you believe they had "good intentions" ???

Not exactly. Their business model was flawed due to their affiliate deals mainly. Their sportsbook was very competitive and i can judge it from my own personal experience. It was a bookie that was very difficult to beat in the major leagues since they were faster in odds updating than Pinnacle or Sbobet so they were scarcely exposed outside the normal lines at any time. I didnt have any data regarding their affiliate/marketing/e-wallet payments into my disposal so i wouldnt be able to reckon if their business model was viable or not. And yes, based on my personal experience with them i believe that they targeted to build something exceptional, they only understood that they are broken in the last two months and then they decided to cheat people in order to save their @sses.

[superhans]

Hey guys, this cannot be like this. It is not possible to start a business, fail and then say "sorry guys, I failed, I can't pay you, I am terribly sorry but that's life. Bye bye.

Thats pretty much what has happened to every failed business in any industry. Assets will get sold and creditors paid out of that... what assets does a sportsbook have? Nothing... a few computers maybe