[KGambler]

1. That happens all the time, bust->change name->repeat, eventually someone puts two and two together but guys just can't turn down that huge bonus.
2. It is magical thinking to believe that there is a solid understanding of the financial structure behind the large majority of books. A general idea... yes, but this isn't a regulated industry. Can't look up the shareholders on yahoo finance.
3. I know people are upset and I would be upset as well but looking at this as an outsider it seems like a novel that someone shot a lot of holes through. Things don't make sense, timelines are unclear, etc. People are making a lot of assumptions and others are taking those assumptions as fact and making assumptions off those "facts."

How do you know that when the backing pulled out BI wasn't balanced (meaning customer liability covered by deposits)? Is it the backers fault then?

To answer your last question, the backer would have very little blame in that scenario. Given what happened here, that's an unlikely scenario to say the least.

I am not sure how much of the story you have followed, but we know some things now. BI was hemorrhaging money. They were getting killed by sharp action, which was little surprise given the half point promo, the bonuses and the refusal to cut limits/promo access. The costs of paying out same day P2Ps and bribing SBR were no doubt prohibitive. It's possible that the backer made up all losses before leaving, was willing to close shop and pay all balances, etc. Not likley but possible. And we know the owner was arrested in October. It just doesn't seem likely.

If the backer wants to come here and explain what happened, I'm all for it. Until then I will just assume the ************ owes me money.

[KGambler]

does the tone in jon's posts sound like he actually feels genuinely sorry for the people that lost a combined 1.5 million dollars? does it sound like he holds himself accountable at all? or does it sound like he is trying to rationalize and justify being the head of a fraud operation and repeatedly lying to customers, misrepresenting betislands and himself?

can't believe i trusted this guy with so much money. can't believe how much sbr led me astray. can't believe how much finger pointing is going on right now.

Right. It sounds like this piece of shit wants to continue working in this industry and thinks he can just give a fake apology to us turkeys and move on.

[raiders72001]

For christ sake, stop calling this dude Jon.
He is not what you think, and he also never planned this as honest bookmaking business.
The plan was to stiff everyone from day 1 when bets go the wrong way, you don't need to tell him why a book can get beat. They never wanted to secure they cannot be beaten. At least wake up now, am getting sick of how naive people here are.

Jon didn't know what was going on. The owners are the thieves and SBR covered it up as long as possible. Start blaming the right people, the owners and SBR.

[Trident]

How do you know that when the backing pulled out BI wasn't balanced (meaning customer liability covered by deposits)? Is it the backers fault then?

So where is the money then?

If this was true don't you think the mystery backer would contact SBR who we know had to have had a close business relationship with and say " hey the money was there when I pulled out "

[raiders72001]

Football season wasn't that great for the books. I doubt it was the plan from day 1. BI took a beating with the cost of overhead and employees so took the money and ran. SBR wasn't in on it day one. Why would they ruin their reputation purposely? BI decided to stiff and then SBR covered it up.

[William Walters]

Was it common knowledge that Jon from BI and SBR John were friendly enough to get together for beers?

[Milk Money]

Why do you guys care so much. It is irrelevant.

Its irrelevant who stole the money? LOL

[Frogger]

Jon didn't know what was going on.

That's impossible. He knew when he said they "purchased" 7red and EZ. That is when he knew for sure. Not sure about before that, but since that point everyone has been taken for a ride.

[allin1]

This idiot comes here apologizing, and I'm reminded of drug cartel law, where the choice is not life or death, but painless or painful death. He better run. He's already taken the money. Financial backer, my ass. For what? His book had low limits. He stole that money.

I don't care if it's fair or not but this guy is going to be hunted down for the rest of his life.
Where did all the deposits go? To the financial backer?

[raiders72001]

That's impossible. He knew when he said they "purchased" 7red and EZ. That is when he knew for sure. Not sure about before that, but since that point everyone has been taken for a ride.

Yes, everyone was taken for a ride. SBR and BI are buddy buddy but that wasn't the plan day 1. Jon worked the streets trying to get backers. If he got a backer everyone gets paid and no one takes the fall. It didn't happen and SBR let players deposit and get screwed.

[Darkside Magick]

I don't care if it's fair or not but this guy is going to be hunted down for the rest of his life.
Where did all the deposits go? To the financial backer?

Look he had to pay the sharps..after paying them and seeing what was left knew he didn't have much left. Wasn't much left

[Dark Horse]

I don't care if it's fair or not but this guy is going to be hunted down for the rest of his life.
Where did all the deposits go? To the financial backer?

The time may have come to show these jokers in CR that they can't continue to prey on 'rich' Americans, who'll just shrug if off as a loss. As unspeakably cruel as it is, I actually find myself quite in favor of cartel style justice for stuff like this. The bottomline is that they're not afraid to cheat us. And they should be.

[C.S.]

To answer your last question, the backer would have very little blame in that scenario. Given what happened here, that's an unlikely scenario to say the least.

Your probably right, but I always like to have all the information. I have a hard time believing that a guy who had ties to pin/cantor would have risked his money on BI's model.

[billysink]

[QUOTE=allin1;17171836]good question[/QUOT

October 24. 2012

[billysink]

I left for personal reasons weeks ago . The backing pulled out due to legal issues.

Some of you can call me a thief a fraud I was the GM for the company not the banker nor the financial decision maker. If the book at a time was performing correctly how can you blame the PR guy to speak good of the company? Which now I truly apologize for the situation that this has become.

Like I said I am hoping this situation will raise awareness in some of the larger books and will come in to help the players out , I knew this post would bring me nothing but hostility but like I said after my posting on the forum It was the least I could do.

As one of the managers of the company I felt you guys deserved that much.

Why didn't you let the forum know when your main banks and bookmakers got arrested in late October.

[Darkside Magick]

Your probably right, but I always like to have all the information. I have a hard time believing that a guy who had ties to pin/cantor would have risked his money on BI's model.

why not...it was risk free....put the pieces together

[allin1]

The time may have come to show these jokers in CR that they can't continue to prey on 'rich' Americans, who'll just shrug if off as a loss. As unspeakably cruel as it is, I actually find myself quite in favor of cartel style justice for stuff like this. The bottomline is that they're not afraid to cheat us. And they should be.

You might have to hunt down two jons

[mikefromsd]

Not one single post by SBR in this entire thread? Their silence is deafening.
They allow Jon to come on here and spew lie after lie after lie, but SBR has nothing at all to add?

Bunch of filthy scum crooks in my opinion.

[CollegePro]

Not one single post by SBR in this entire thread? Their silence is deafening.
They allow Jon to come on here and spew lie after lie after lie, but SBR has nothing at all to add?

Bunch of filthy scum crooks in my opinion.

you haven;'t realize it?? SBR is part of this scam!! especially SBR_John!! that's why nobody is saying shit right now.. there are all staying low.

[mikefromsd]

you haven;'t realize it?? SBR is part of this scam!! especially SBR_John!! that's why nobody is saying shit right now.. there are all staying low.

Oh I realize it. I was being rhetorical.

[sharlataans]

Pay attention to who is sponsoring SBR headquarters:
http://www.youtube.com/watch?v=aoy0S1Xdg4I

[339955]

i dont see what the problem is, jon seems like a straight shooter to me he is here apologizing give him the benefit of the doubt. if he has a drug problem and used our money on crack he needs our help now more than ever. along with donations to SBR i want to contribute to jon. how can i send him $20?

[RealSlimShady]

Why didn't you let the forum know when your main banks and bookmakers got arrested in late October.

Because their only hope for survival was to keep the Ponzi scheme going.

[SamDiamond]

i dont see what the problem is, jon seems like a straight shooter to me he is here apologizing give him the benefit of the doubt. if he has a drug problem and used our money on crack he needs our help now more than ever. along with donations to SBR i want to contribute to jon. how can i send him $20?

Send it to SBR_John. He'll give to SSLP when they have beers next week.

[339955]

Darkhorse, if you are going to operate on common sense morals, surely you must hold SBR responsible to a large degree also? I mean, I personally think SBR is cool, but many here say they are highly incompetent and also mislead people about book's quality to earn themselves money all while promoting themselves as a fair arbiter. How do you feel about this?

[Dark Horse]

Darkhorse, if you are going to operate on common sense morals, surely you must hold SBR responsible to a large degree also? I mean, I personally think SBR is cool, but many here say they are highly incompetent and also mislead people about book's quality to earn themselves money all while promoting themselves as a fair arbiter. How do you feel about this?

They started out cool, but have made a 180 since. They were in on the BI scheme and covered it up when they should have warned us. That's why people here lost money, myself included.

SBR John once swore he would never want to be involved in a Cascade fiasco ever again. And now he's an integral part of something far closer to home. This is a worst case scenario for SBR. How they deal with this will decide much of how they will be perceived from hereon out. The opening salvo by Dozer was laughable. Take some f*cking responsibility. This book was almost exclusively developed through this forum. And John and Jon are buddies... No wonder he was allowed to advertise his book here through the forum. I hope SBR John will man up and speak more truthfully and take responsibility. What a breath of fresh air that would be. All these cowards hiding and running for cover. It's sickening.

[CollegePro]

Darkhorse, if you are going to operate on common sense morals, surely you must hold SBR responsible to a large degree also? I mean, I personally think SBR is cool, but many here say they are highly incompetent and also mislead people about book's quality to earn themselves money all while promoting themselves as a fair arbiter. How do you feel about this?

are you SBR_John??

[chopperocker]

is sbr betislands?

[339955]

DarkHorse, I will be more specific. I think if you feel Jon deserves a form of violent justice, then maybe you feel the same way about the people in charge of SBR. I personally do not because I think SBR are good people and you can even see BIll Dozer came out yesterday to share his information with us and to tell us we won't get money back. But it seems like given the consensus around here about how SBR acted, if Jon is culpable then SBR has to be culpable to some similar extent. What do you think?

[Dark Horse]

You're trying to put words in my mouth. Why is that?

You and I are done talking. Go waste somebody else's time.

[woodsy5822]

This is not an easy post to make but I feel it is the least I can do for players and to the forum community.

It has been weeks since I left my position as the GM for Betislands and after reading what the situation is right now I would like to provide clarification , since I was the one who talked up Betislands and believed in it more than anyone else did .During my time at Betislands I can sincerly say I always did my best for every single client always trying to get players paid and most of the time siding with the players. And for almost 2 years those things were accomplished.


The financial backing pulled out unexpectedly this is a verifiable fact from SBR and anyone in the sportsbook industry in Costa Rica. I am not the banker nor the money behind Betislands I was the General Manager in several aspects of the company including Public Relations but I was not the founding $$ nor the bank ( another fact that is easily verified )and for the most part we came through with our promises solid payouts , good CS and good bonuses. When everyone was getting the good stuff we were a top book of course.

After expressing my desire to leave for several months I left the company and retired from the post up scenario.

I am sure this post will not change the frustration and anger that some of you feel , and of course you associate your feelings towards the forum face of the sportsbook but I felt this post on my behalf was necessary.

I wish the best for the players and I am hoping some of the larger shops that have the financial prowlness will come in and help players out for the good of the industry in general.

JON

just re reading this pisses me off,.. starts a thread with " an apology to all betisland players"

where the f u ck is the apology? its hime just pointing finger at everybody else..what a coward

[339955]

I want to know how much you feel SBR is responsible for this in relation to how responsible Jon is.

Personally I don't see why you focus on Jon so much. People on here say he is just some crackhead kid whereas SBR has geniuses like Justin that say they are here to help us and then trap us.

[woodsy5822]

I want to know how much you feel SBR is responsible for this in relation to how responsible Jon is.

Personally I don't see why you focus on Jon so much. People on here say he is just some crackhead kid whereas SBR has geniuses like Justin that say they are here to help us and then trap us.

in the end it was jons business.. he takes the brunt of it.. penty of blame to go around tho...sbr definately should share some... sbr still has the chance to say we f u cked up.. they wont tho...

[CollegePro]

I want to know how much you feel SBR is responsible for this in relation to how responsible Jon is.

Personally I don't see why you focus on Jon so much. People on here say he is just some crackhead kid whereas SBR has geniuses like Justin that say they are here to help us and then trap us.

i came to conclusion.. you are SBR_John.. fukking ghost

[Dark Horse]

I want to know how much you feel SBR is responsible for this in relation to how responsible Jon is.

Personally I don't see why you focus on Jon so much. People on here say he is just some crackhead kid whereas SBR has geniuses like Justin that say they are here to help us and then trap us.

SBR has shot itself in the foot beyond repair. Their reputation can't recover from this. Everybody knows now. It would take a miracle act from SBR John to set this straight. I''m interested in being paid my money. So why would I go after SBR? Jon is the thief I know of. People from BI have even confirmed he stole money from the company.