BetIslands to close with player funds

**HedgeHog** · 12-18-12, 11:45 AM

Fuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu uuuck!!!!!

Over 10k pissed away to a "trusted" SBR sponsor book.

**gwills** · 12-18-12, 11:47 AM

Balls...

**wisky** · 12-18-12, 11:47 AM

Shiiiiiiiiittttttt

**mighty maron** · 12-18-12, 11:47 AM

Originally posted by Bill Dozer

We finally talked with everyone involved. Unfortunately this looks like it is about to end badly for players. This came to be because BI lost it's financial backer and the people left could not make it work.

downgrade to F please and put in newswire so no one depsoits

**allin1** · 12-18-12, 11:48 AM

Damn. I got a sick feeling in my stomach when reading this and didn't even had an account there.

**gwills** · 12-18-12, 11:49 AM

I just lost a lot of money...

**lecubs28** · 12-18-12, 11:50 AM

feel like sbr led us to the slaughterhouse here

are there any other sportsbook watchdogs?

**runnershane14** · 12-18-12, 11:50 AM

unbelievable..ryan just told me 30 minutes ago he was working with the processor to get everyone paid!

**gwills** · 12-18-12, 11:51 AM

Originally posted by runnershane14

unbelievable..ryan just told me 30 minutes ago he was working with the processor to get everyone paid!

Spoke with him 3 minutes ago and got the same answer

**mighty maron** · 12-18-12, 11:55 AM

Poof minimal funds of mine are on there.

This sickens me for others and the industry in general.

I am going to contract my book options to the few that I do get paid in....closing all other accounts accross the board

So Sick for everyone b4 christmas...

for those who really needed your funds I will pray for you...

So Sick

**Squared Box** · 12-18-12, 11:55 AM

Who was this financial backer that SBR touted so highly when they were raising their grade up to B?

**Easy-Rider 66** · 12-18-12, 11:56 AM

Never posted up there because the race book limits on winning wagers were so low as compared to other highly rated books. Looks like BI just did not have Deep Pockets or worse was conducting a shell game.

**Smoke** · 12-18-12, 11:58 AM

Robbery

**mighty maron** · 12-18-12, 11:58 AM

Originally posted by Easy-Rider 66

Never posted up there because the race book limits on winning wagers were so low as compared to other highly rated books. Looks like BI just did not have Deep Pockets.

Whom do you trust now...Bovada I do because they have been around so long. 5Dimes I have received cashouts....maybe Intertops...TheGreek for certqin (loved the greek) but they are out of USA

all other books that I have never cashed out from I am contracting from...too may books I have deposited to or considered

**CollegePro** · 12-18-12, 11:58 AM

Lmfao!! great job SBR!! just simply Great fukcing ass job!!

**gwills** · 12-18-12, 12:00 PM

Originally posted by mighty maron

Whom do you trust now...Bovada I do because they have been around so long. 5Dimes I have received cashouts....maybe Intertops...TheGreek for certqin (loved the greek) but they are out of USA

all other books that I have never cashed out from I am contracting from...too may books I have deposited to or considered

I only would trust 5D, Pinny, Greek. I can only play at one of those. So I only (and I mean ONLY) trust 5dimes.

**KGambler** · 12-18-12, 12:02 PM

Originally posted by Squared Box

Who was this financial backer that SBR touted so highly when they were raising their grade up to B?

This.

We need to know who these guys are, what books they have been involved with in the past and what books they are involved with now.

It's an attractive bonus offer, period. All books that deal -110 will dangle the carrot with unique bonuses; BetIslands has verified their backing to SBR, their rating upgrades can partly be attributed to their financial security.

That's a quote from SBR Lou.

Go to the BI news feed and you will see many mentions of BI's owners being "established in the industry", "well known in the industry", etc. And it is expressly stated, more than once, that SBR upgraded BI so quickly because SBR had "confirmed" that the ownership group was well known and respected in the industry.

Now we want to know who they are and what books they have been involved with.

**Tunes** · 12-18-12, 12:03 PM

Whatever you do, don't put alot of money in it. And don't trust anyone who ranks anything. Talk to people you know and get as much information out of them as you can. There's no reason to trust anything these forums say and no reason to trust any rankings you see.

That lesson just cost me $11k.

**sneak-a-peak** · 12-18-12, 12:03 PM

I am done with offshore for life

gl to the rest of you who decide to stick with it cuz your gonna need it!

**DimSum** · 12-18-12, 12:04 PM

Any bailouts?

**Cuse4tw** · 12-18-12, 12:04 PM

thanks for looking out for everyones best interest and well being throughout this entire process,

kudos.

**lecubs28** · 12-18-12, 12:05 PM

do you guys still take sbr seriously as an industry watchdog after this most recent incident? if they can be this wrong, i'm not sure what i can trust anymore

**bubba** · 12-18-12, 12:05 PM

49,649 stolen. from me alone. i am sick.

**CollegePro** · 12-18-12, 12:05 PM

Originally posted by KGambler

This.

We need to know who these guys are, what books they have been involved with in the past and what books they are involved with now.

That's a quote from SBR Lou.

Go to the BI news feed and you will see many mentions of BI's owners being "established in the industry", "well known in the industry", etc. And it is expressly stated, more than once, that SBR upgraded BI so quickly because SBR had "confirmed" that the ownership group was well known and respected in the industry.

Now we want to know who they are and what books they have been involved with.

I totally agree wih you here... SBR, how did they verify their backing to you guys?? more importantly, who was backing these guys?? I think we have right to know this information!! we are demading you guys to release the information NOW!

**CollegePro** · 12-18-12, 12:07 PM

Originally posted by lecubs28

do you guys still take sbr seriously as an industry watchdog after this most recent incident? if they can be this wrong, i'm not sure what i can trust anymore

sbr as industry watchdog?? hell fukcing no... after this incident, I look at SBR more like they just want money and don't give a shit about players' fund safety!

**allin1** · 12-18-12, 12:07 PM

Is it possible that someone knew in advance that this was going to happen? I am trying to avoid paranoia but still, it's a possibility that someone at least felt that this could happen.

**mighty maron** · 12-18-12, 12:08 PM

Originally posted by gwills

I only would trust 5D, Pinny, Greek. I can only play at one of those. So I only (and I mean ONLY) trust 5dimes.

Thanks for the advice...I will keep 5d account..cant play at the other two...contracting all other accounts to closure...

Is Heritage solid because they took over for the Greek's USA action or should I close there too?

**Cuse4tw** · 12-18-12, 12:08 PM

Originally posted by allin1

Is it possible that someone knew in advance that this was going to happen? I am trying to avoid paranoia but still, it's a possibility that someone at least felt that this could happen.

uhhh yeah.

plain and simple, we werent warned except by the legend Sweep.

SBR sat there and collected the last of their bonuses from us and just let us burn up and die

**KGambler** · 12-18-12, 12:09 PM

I lost a big figure. In fact, you add any two together that I have seen here, and I lost more. I am a little sick too. Yes, I was greedy and stupid.

I just hope some people are held to account for this fiasco - there are many reputations that deserve to be severely damaged. And SBR's already shaky reputation is definitely on that list.

**MBENZ** · 12-18-12, 12:09 PM

Originally posted by sneak-a-peak

I am done with offshore for life

gl to the rest of you who decide to stick with it cuz your gonna need it!

That's exactly how I felt when BOS closed up with my money.Slowly I got back in with the Greek and Cris.I was with BI for awhile but got out when the lying started during baseball.I sincerely feel sorry for everybody that got beat here.It is a sick feeling that only time will heal.

**gwills** · 12-18-12, 12:09 PM

Originally posted by mighty maron

Thanks for the advice...I will keep 5d account..cant play at the other two...contracting all other accounts to closure...

Is Heritage solid because they took over for the Greek's USA action or should I close there too?

I think Heritage is good, if you can get me an invite there (i have no idea how to get one) I'd love one. Heard they're solid.

**djefferis** · 12-18-12, 12:11 PM

Just one word....WOW

So glad I left offshore a few months ago.

So I take it no end of the NFL season rebate on losses as promised? !?! :-)

Hopefully my yearly holiday gift made it out before the backers ran for the hills here...

Seriously, my condolences to those with funds in...wouldn't hold out hopes on that bailout, this ain't 2002 anymore. Just a brutal reminder of why to not pin all your funds in one shop and keep funds out at all times not in use.

**allin1** · 12-18-12, 12:11 PM

Originally posted by Cuse4tw

uhhh yeah.

plain and simple, we werent warned except by the legend Sweep.

SBR sat there and collected the last of their bonuses from us and just let us burn up and die

Sweep warned about this? damn

**gwills** · 12-18-12, 12:11 PM

Ryan Rossi: Hello Grant
Ryan Rossi: how can I assist you?
Grant: So, news is now yall closing?
Grant: http://forum.sbrforum.com/sportsbook...yer-funds.html
Ryan Rossi: Nope, I'm working on helping clients.
Grant: ok...

Wonder if there is any truth to this AT ALL...probably not.