[Sharpodds]

After being a spectator for a few days of this situation I wanted to add some input to this mess I am one of the managers at one of the sportsbooks that Betislands was approached by for a bailout and after reading some of the posts here I wanted to add my 2 cents as someone who saw their books and understood the situation.

Despite of the some of the comments that you read on here Betislands in fact did have actual financial backing " old school credit guy " this is why players for 2 years got paid with any sort of problems. If this would have been a " scam " they would have closed shop long ago fact is this book was running on a negative balance sheet for a while now and payouts were being made out of the bankers pocket.


Betislands would have continued dishing out payments if the financial backer would not have been arrested.

There was no money to steal because Betislands had paid more out then what they took in deposits.

Sharp players had their way with this brand and most of them came from this very website , syndicate groups , bonus whoring this is why my boss turned down the book. And that is why most sportsbook owners hate SBR.

SBR had a nice piece of the losses when they came though up to 25% If I am not mistaken , granted this website is a business just like any other but denying the fact that SBR profited from this would be a lie.

No BAILOUT is coming , this book was brouight to the door of most of the larger companies and actually almost begged for someone to pick it up just to get a NO.

In a nutshell Betislands was never intended to be a stiff job they paid people for 2 seasons and I would on ocassion read that some players thought an A rating would be more suitable for this book after getting paid .... fact is the main owner / bank got busted and the funding stopped since he was the only one with any sort of bank behind him it is not the first time this happens nor will it be the last. Uncle Sam is getting his way the last few years.


SBR..

Betonline an A ?? Cmon save face SBR these rating need to improve there are much better and safer C shops than some of the B sportsbooks.

Dont send players to another rabbit hole.

This may be my last post here if I am not allowed to post again my post has no other intention but to inform players that were affected by this situation on what really happend and to wish them the best of luck.

Any and all of this info can be confirmed by most people in the know and in the sportsbook industry.

If I have anymore info I will share it with this forum community.

[Darkside Magick]

Exactly how the story is!

[acsports]

First off thanks for the post. All makes sense to me, if you don't mind I have a question. I didnt play at betislands but play at playcr.ag (credit). I am under the impression they are one and the same, or have a affiliation with each other. Knowing what you know, should I have any concerns?

Thanks in advance.

ac

[Darkside Magick]

The feds are coming....just saying

[Kaps]

have absolutely no affiliation ... i know its hard to believe anyone but trust me on this one

[mtneer1212]

Thanks Sharp. This is the most logical and likely scenario.

[Kaps]

sharpodds great post .... from people ive spoken to that pretty much sums it up
all the sharps got in killed this book, they got paid and got out ... then guy gets arrested and thats it

sbr new of the person getting arrested and decided not to mention it since the dollars were still coming in from bi

[acsports]

have absolutely no affiliation ... i know its hard to believe anyone but trust me on this one

I used to be in the know a little bit, now i am old and crusty .........I had heard they had some affiliation but never gave two shits until now but a few months I was able to login to BI with my Playcr.. so its making me think.

But aint tapped in anymore so thats why I am asking, I appreciate you answering.........

[Kaps]

i believe that playcr. used to be financial backer for bi when they were in the old building .... they were pissed off with jon allowing all the sharps to get in and blast them ... jon didnt give a fukk cause he was making his commission and not caring about the financial backer at that time .... then playcr booted all the sharps so that meant that jon would not see those good commission checks coming in from big deposits ... so he finds himself another backer and leaves playcr building and goes over to ezstreet building ... then from what i hear his guy gets busted and the rest of us are fukked

[acsports]

I follow you Kaps....my agent has always been rock solid, so feeling better with some feedback. Thanks again man.

[GreenC]

Spoke to reps at legends and they are looking into a buyout. It seems serious.

[Bill Dozer]

If this would have been a " scam " they would have closed shop long ago fact is this book was running on a negative balance sheet for a while now and payouts were being made out of the bankers pocket.

Betislands would have continued dishing out payments if the financial backer would not have been arrested.

There was no money to steal because Betislands had paid more out then what they took in deposits.

Sharp players had their way with this brand and most of them came from this very website , syndicate groups , bonus whoring this is why my boss turned down the book. And that is why most sportsbook owners hate SBR.

SBR had a nice piece of the losses when they came though up to 25% If I am not mistaken , granted this website is a business just like any other but denying the fact that SBR profited from this would be a lie.

I happen to know your last statement is false. Won't comment further on what advertiser may or may not do to sponsor SBRforum. For the record, books have been displayed for as little as contest sponsorship. Actually, it doesn't make sense anyway. If sharps came from here and the book was upside down, it would be 25% of less than nothing.

Sharps in general, are called sharp for a reason. If you know the deal you make sure to put down a player advocate website as where you heard of the book. Most real sharps don't need any help choosing a book or a banner to do it. If a book is complaining they are getting sharps, it's because they don't know how to manage their book.

[anthonyr9119]

I happen to know your last statement is false. Won't comment further on what advertiser may or may not do to sponsor SBRforum. For the record, books have been displayed for as little as contest sponsorship. Actually, it doesn't make sense anyway. If sharps came from here and the book was upside down, it would be 25% of less than nothing.

Whether it makes sense or not, how do you have any credibility at all after all this? The problem for SBR going forward is that it's all hot air from here on out. No one can trust anything that is said because there is no way SBR didn't know the goings on and they were complicit by not reporting numerous things that any industry watchdog could see a mile away.

Care to retort?

[runnershane14]

Actually I talked to heritage and they do not want anything to do with it but fully expect someone else to buy it out. Legends was my thought after they said this. Makes sense for them to become more relevant.

Spoke to reps at legends and they are looking into a buyout. It seems serious.

[1brokegirl]

good movie this would make

[Trigger7672]

I happen to know your last statement is false. Won't comment further on what advertiser may or may not do to sponsor SBRforum. For the record, books have been displayed for as little as contest sponsorship. Actually, it doesn't make sense anyway. If sharps came from here and the book was upside down, it would be 25% of less than nothing.

Sharps in general, are called sharp for a reason. If you know the deal you make sure to put down a player advocate website as where you heard of the book. Most real sharps don't need any help choosing a book or a banner to do it. If a book is complaining they are getting sharps, it's because they don't know how to manage their book.

No one believes anything that you or anyone affiliated with SBR says. You know that right?

[Brooks]

seems like a sharp post, im embarrassed i deposited there in retrospect. in other news i used it as an excuse to get blasted for the last 3 days. i just made love to a haitian girl and paid her in pesos that works out to 17.50. she wasnt as dumb as she appeared because she wanted me to put in a bet on the patriots, i told her the line was 14.5 and she said put it in before ten tonight as you get a free half point at betislands

[tto827]

How on earth has no one called this guys legitimacy into question? Any proof you are involved with any book? And to the people thinking SBR gets money from deposits, your wacko, every book would be under if they gave SBR cash off deposits as opposed to losses.

[wrongturn]

Betonline an A ?? Cmon save face SBR these rating need to improve there are much better and safer C shops than some of the B sportsbooks.

Dont send players to another rabbit hole.

BetOnline is not rated A here, but I get your point, it is one of the sponsors. The only difference it looks like its backers are still hanging on, which is good, so far. I also think they have valuable site name that is worth to hang on.

Any other high rated books you want to warn us? What about the C books you think are solid? Not many posters will trust rating here after this fiasco, so your information would be useful.

[Squared Box]

I happen to know your last statement is false. Won't comment further on what advertiser may or may not do to sponsor SBRforum. For the record, books have been displayed for as little as contest sponsorship. Actually, it doesn't make sense anyway. If sharps came from here and the book was upside down, it would be 25% of less than nothing.

lol. So the 25% is wrong? Was it 50%? 45%? 40%? 35%? Did SBR do it for free, just to be nice?

Funny how you ignored the rest of the message to nitpick about what cut SBR got.

[Dwayne74]

I love how the only thing bill dozer of sbr does is post about a small inaccuracy of somebodys post about how sbr takes on advertisers while he says nothing about what he and sbr should be doing which is working day and night to help all bet islands players get some form of their money back by helping to negotiate a buyout. Lets get back to the main issue and not lose sight of it. People were robbed and they deserve their moneyback and sbr should help. Legends is very promising. I had a large balance at bi and would be a very loyal customer of legends forever even if they gave me a 100 times rollover on my bi funds

[Bill Dozer]

Whether it makes sense or not, how do you have any credibility at all after all this? The problem for SBR going forward is that it's all hot air from here on out. No one can trust anything that is said because there is no way SBR didn't know the goings on and they were complicit by not reporting numerous things that any industry watchdog could see a mile away.

Care to retort?

The OP is likely the guy from A mericas B ookie who spammed the BI users with a bonus offer. But, he's right about it not being a scam. We know players are mad and especially in the forum where there was a banner. Doesnt get any crappier.

SBR has always said to use the information available and make your own decisions on if and where to play and how much to keep there. There are books rated 4 spots higher that have been online 10 years with public knowledge who is behind them. BetIslands asked for an upgrade and many posters who used them argued hard for BI upgrade. I doubt you can find someone who said BI at B was too high when they were upgraded. I rather players get to vent than defend SBRforum. We can say we won't be having another B book come in and sponsor even a contest in the future. There will be many changes coming.

[Kaps]

i would take a 100 x roll ...and would promote legends for everyone to play at the rest of my life

cmon legends step up to the plate and save the day ... would make a huge p.r splash

[tb1984]

sharpodds great post .... from people ive spoken to that pretty much sums it up
all the sharps got in killed this book, they got paid and got out ... then guy gets arrested and thats it

sbr new of the person getting arrested and decided not to mention it since the dollars were still coming in from bi

By reading all of the threads, I'm sure that sharps still had tons of money in BI. That's why no bailout from larger books. Sharps would love 100x rollovers or even higher as long as they can get their money.

[Darkside Magick]

By reading all of the threads, I'm sure that sharps still had tons of money in BI. That's why no bailout from larger books. Sharps would love 100x rollovers or even higher as long as they can get their money.

Sharps got their money....I got connects

[tb1984]

Sharps got their money....I got connects

Good for you that you got your money. But, I doubt it... if only squares were left, larger books would bail out right away with matched deposit and 100x rollover of the total amount.

[anthonyr9119]

The OP is likely the guy from A mericas B ookie who spammed the BI users with a bonus offer. But, he's right about it not being a scam. We know players are mad and especially in the forum where there was a banner. Doesnt get any crappier.

SBR has always said to use the information available and make your own decisions on if and where to play and how much to keep there. There are books rated 4 spots higher that have been online 10 years with public knowledge who is behind them. BetIslands asked for an upgrade and many posters who used them argued hard for BI upgrade. I doubt you can find someone who said BI at B was too high when they were upgraded. I rather players get to vent than defend SBRforum. We can say we won't be having another B book come in and sponsor even a contest in the future. There will be many changes coming.

The question is, why when BI started having payout issues was there nothing on this "watchdog" site? Absoutely nothing. If any other book had the same problems, you can bet there would have been something about it.

I want to know why? I'm not even going to the fact that SBR was obviously involved, but rather how you can even have a company left after failing so miserably?

[bubba]

The OP is likely the guy from A mericas B ookie who spammed the BI users with a bonus offer. But, he's right about it not being a scam. We know players are mad and especially in the forum where there was a banner. Doesnt get any crappier.

SBR has always said to use the information available and make your own decisions on if and where to play and how much to keep there. There are books rated 4 spots higher that have been online 10 years with public knowledge who is behind them. BetIslands asked for an upgrade and many posters who used them argued hard for BI upgrade. I doubt you can find someone who said BI at B was too high when they were upgraded. I rather players get to vent than defend SBRforum. We can say we won't be having another B book come in and sponsor even a contest in the future. There will be many changes coming.

people thought betislands deserved a high rating for everything they could see. Bill, we rely on you to judge the safety of our funds. that is what we cannot judge at all and is the most important aspect.

[bubba]

The question is, why when BI started having payout issues was there nothing on this "watchdog" site? Absoutely nothing. If any other book had the same problems, you can bet there would have been something about it.

I want to know why? I'm not even going to the fact that SBR was obviously involved, but rather how you can even have a company left after failing so miserably?

betislands was "B", deposit only book a week ago.

[Mr. Jones]

The feds are coming....just saying

Didn't want to come out and say it myself, so thanks. UIGEA was meant to choke the money transfer options of the industry into a slow death. They have patience my friends. Never was planned to happen overnight. They have a vise like grip in place now. They are mere months away from a TKO now. Industry on the ropes. Only a few trusted outs left. Even the big boys having trouble getting paid.

Industry gasping for air now. Fed presence on forums is growing by the week and month. Chatter is increasing. End is near. Good Luck to all the diehards. Seriously good luck boys.

[Darkside Magick]

Didn't want to come out and say it myself, so thanks. UIGEA was meant to choke the money transfer options of the industry into a slow death. They have patience my friends. Never was planned to happen overnight. They have a vise like grip in place now. They are mere months away from a TKO now. Industry on the ropes. Only a few trusted outs left. Even the big boys having trouble getting paid.

Industry gasping for air now. Fed presence on forums is growing by the week and month. Chatter is increasing. End is near. Good Luck to all the diehards. Seriously good luck boys.

Been warning guys for a year..books already in the know.....feds coming!!!

[JasonDC]

I hope there is some legitimacy to the rumor that legends is considering bailing out betislands..i doubt it's going to happen..did anyone in here actually talk to someone from Legends?

[RealSlimShady]

The OP's story is legit....at least based on people whom I've spoken to that are in a position to know.

[emat]

Hindsight being 20/20, I think this all was pretty evident and SBR does bear some responsibility in this because this is what they do for a living. Issue being their bonuses and fee-free payouts and deposits should have been a huge red flag to everyone. I for one took advantage of these and was able to cash out a fairly significant amount of money but never left a significant balance and never carried a balance late into football season. Its not coincidence that these books finally close down at the end of football season. The inflows stop and the outflows increase exposing their deficient balance sheet. This was nothing more than a ponzi scheme and their fate should be similar to Bernie Madoff, Jon included. Owner or not, he 100% knew the financial condition of this book, but continued to use his industry experience to persuade deposits knowing all along at some point this would collapse. Notice, Bernie Madoff is not the only one that is going to jail. Owner, employee, janitor, anyone that knowingly supports a corrupt institution should go to jail and he deserves any beat down he receives out of prison. I feel for the ones that did not have a chair when the music stopped and just wish the US government would just bring this onshore and start regulating it. God knows they could use the extra tax dollars.

[raiders72001]

Sharps got their money....I got connects

They didn't get paid. SBR had 458 players in BI according to AK. He posted the amount of players and balances.