1. #1
    HedgeHog
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    EZ Street's "Bailout" of BetIslands: Doing the Math

    If you're one of the "lucky" ones that gets a "bailout" email offer from EZ, do yourself a favor and just delete it. Even if you could be assured that EZ will pay upon completion of your rollover, a likely stretch, you still stand to lose more money.

    The offer: You get 100% of the BI balance stolen from you by their buddies in return for a 50% matching deposit and a 15x rollover on ALL of it.

    So say the Average Joe lost $1000 when BI fukked him over. He would now have to send $500 to EZ to get the $1000 back, in return for a 15x RO on everything, or $22,500 in action. Assuming Average Joe is a 50% player, he 'll have $11,250 in winners as well as losers, so the juice on losses costs him $1125. Now his $1500 starting balance is down to $375. And since he sent $500 new money, the "bailout" has cost him an additional $125.

    So the Average Joe can expect to lose roughly 25% on any new money sent in. Thanks, but no thanks.
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  2. #2
    touchback
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    Good math Hoggy but it will be even less... I am assuming the BI account balance match will be in freeplay, if it is the value would be far less than cash... did not even read any terms just an assumption. Also freeplay action has wager and market restrictions just to lose the principle win or lose. I would also double check recent amendements or changes to terms and conditions, withdrawal fees or conditions as well and check the payout numbers-odds on parlays, teasers and how juice will be applied now... just saying, I should know.
    Last edited by touchback; 12-28-12 at 04:23 PM.

  3. #3
    TryingMyBest
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    Quote Originally Posted by touchback View Post
    Good math Hoggy but it will be even less... I am assuming the BI account balance match will be in freeplay, if it is the value would be far less than cash... did not even read any terms just an assumption. Also freeplay action has wager and market restrictions just to lose the principle win or lose. I would also double check recent amendements or changes to terms and conditions, withdrawal fees or conditions as well and check the payout numbers-odds on parlays, teasers and how juice will be applied now... just saying, I should know.
    The bonus is cash. This is equivalent to a 200% cash bonus. HH said, "if you were going to get paid". Obviously playing with a 200% cash bonus is better than playing with nothing. Don't get me wrong I'm not arguing that this doesn't all look like a giant scam, but saying "assuming you get paid" and then saying that a 200% cash bonus worse than nothing is incorrect. It's worse than nothing because this seems like a scam

  4. #4
    lecubs28
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    yeah but hedge, that's only if you lose. what if you win?

    Quote Originally Posted by EZ Street Bailout
    - We reserve the right to terminate this offer without notice, close the account(s) and return player deposit(s) if we find that any professional betting groups, players with multiple accounts or any kind of players conducting fraudulent activities have infiltrated our bailout proposal.
    oh right they'll just steal from you again if you do win. nevermind.

  5. #5
    stevex
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    So what there just going to say "here is your money back that BetIslands stole, will throw a 1x rollover on it and once you do that you can ask for a payout."

    And your whole thread is based on if you lose, what if you win? I don't see any payout complaints from the EZstreet book opened at SBR so they pay.

    Why are you complaining about a book that's going to give you 100% of your money back...jesus

  6. #6
    Scooter
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    Quote Originally Posted by stevex View Post
    So what there just going to say "here is your money back that BetIslands stole, will throw a 1x rollover on it and once you do that you can ask for a payout."

    And your whole thread is based on if you lose, what if you win? I don't see any payout complaints from the EZstreet book opened at SBR so they pay.

    Why are you complaining about a book that's going to give you 100% of your money back...jesus
    The reappearance of stevex, EZ Street employee.

    stevex - What aspect of HedgeHog's math (as well as touchback's comments in post #2) are you disagreeing with?

  7. #7
    Duff85
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    and if someone clears the bonus it would be easy enough for EZStreet to say that they are professional or sharp and then withhold the balance anyway. I'd definitely avoid this one.

  8. #8
    HedgeHog
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    Quote Originally Posted by TryingMyBest View Post
    The bonus is cash. This is equivalent to a 200% cash bonus. HH said, "if you were going to get paid". Obviously playing with a 200% cash bonus is better than playing with nothing. Don't get me wrong I'm not arguing that this doesn't all look like a giant scam, but saying "assuming you get paid" and then saying that a 200% cash bonus worse than nothing is incorrect. It's worse than nothing because this seems like a scam
    You are correct about it being a cash bonus, that's how I read the offer too. However, you're wrong about a 200% bonus being better than nothing at all. The bonus is -EV. Assuming the BI money is gone, which it is, you're basically doing a 45x RO on anything you deposit.

    For a new client, this would be an inexpensive way to try out a new Book. As far as bailouts go, this is horseshiit.
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  9. #9
    JasonDC
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    I cant believe how much discussion there is about this ezstreet bailout offer..i thought people would just disregard it right away and not even mention it.

  10. #10
    HedgeHog
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    Quote Originally Posted by stevex View Post
    So what there just going to say "here is your money back that BetIslands stole, will throw a 1x rollover on it and once you do that you can ask for a payout."

    And your whole thread is based on if you lose, what if you win? I don't see any payout complaints from the EZstreet book opened at SBR so they pay.

    Why are you complaining about a book that's going to give you 100% of your money back...jesus

    Because you have to put up 50% of your stolen balance. That's not a bailout, just an opportunity to steal more money.

  11. #11
    robmpink
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    thick as thieves they are.

  12. #12
    5mike5
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    Quote Originally Posted by JasonDC View Post
    I cant believe how much discussion there is about this ezstreet bailout offer..i thought people would just disregard it right away and not even mention it.
    smart 1s did

  13. #13
    HedgeHog
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    Quote Originally Posted by 5mike5 View Post
    smart 1s did
    Not everyone is as sharp as you are. Emails are being sent out to those most vulnerable, so I thought I'd do a Math 101 to anyone even considering this assinine offer.

  14. #14
    5mike5
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    Quote Originally Posted by HedgeHog View Post
    Not everyone is as sharp as you are. Emails are being sent out to those most vulnerable, so I thought I'd do a Math 101 to anyone even considering this assinine offer.
    oh i completley agree....

    wasnt meaning ur thread, meant any1 at sbr that saw this shouldnt have even considered

    people that dont know about EZ would surely accept this offer asap...feel for those

  15. #15
    touchback
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    Man... seen and heard it all... come on SX. You guys should of stayed away from this dog with fleas, seriously. Who had the bright idea of a bailout of a dog with fleas situation considering the accustions behind the bailout service recently. I am not even taking shots, it is a respect thing... but I dont have to because you guys are to busy shooting yourself in the foot. If wanted to take shots it would be like Tibbets and the Enola Gay doing flybys. Also, that Cory thing, he was a cockroach and I know for a fact... I was the guy 3yrs ago and we carried 8k players... he posted up again after many but guess he was bust, the confirmation \# he gave we could not pull and I got involved. Told a copy of transfer receipt was mandatory now or would close his account. The little cockroach sent me a copy of a receipt that had had one digit altered, badly so I just no bonused his ass, no nothing and he went away. Guess if it was 40 dimes I would of not wanted to pay his dirt bag ass either but I would of figured out how to do it and keep respect. This biz is still about respect and you guys should not have made this move, the whole deal is a black eye on the industry as a whole and no one would go near that dead dog with fleas... no one. Just does not make sense from a brand reputation and marketing point of view. It is just a poisoned well and what ever water can be drawn from it is poisoned. If anything a A service has to step up... and none will. Sorry again for all that got hurt, there are solid services still out there.

  16. #16
    flyingillini
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    Might as well play with betlatina. Don't let Peter scam you at EZ , Marvin taught him to tell the potential victims, come play with EZ street because our payouts are EZ!

  17. #17
    Scooter
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    stevex - Any truth to the rumor that your employer Easystreet is merging with "Eddie G. who hangs on the corner's Sportsbook" as well as with "Paco at the toilet paper factory's Sportsbook"?

  18. #18
    BigDaddy
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    i don't care to discuss this bailout but i want to comment on a 200% bonus

    I'll take a 200% cash bonus with a 15x rollover and day of the penetrating week.

  19. #19
    McFly86
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    Quote Originally Posted by stevex View Post
    So what there just going to say "here is your money back that BetIslands stole, will throw a 1x rollover on it and once you do that you can ask for a payout."

    And your whole thread is based on if you lose, what if you win? I don't see any payout complaints from the EZstreet book opened at SBR so they pay.

    Why are you complaining about a book that's going to give you 100% of your money back...jesus

    Wow aren't you the same guy who defended EZ for their casino dispute with Cory? What is your relationship with EZ?

  20. #20
    Kindred
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    Quote Originally Posted by stevex View Post
    So what there just going to say "here is your money back that BetIslands stole, will throw a 1x rollover on it and once you do that you can ask for a payout."

    And your whole thread is based on if you lose, what if you win? I don't see any payout complaints from the EZstreet book opened at SBR so they pay.

    Why are you complaining about a book that's going to give you 100% of your money back...jesus
    If you win they will label you as a pro and refund your deposit. It's a freeroll, read the email they sent people. Throw in the fact that it's basically the same book as BI that just stole 1.5 million and you would have to be a huge sucker to fall for this scam.

  21. #21
    15805
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    If Olympic or pinnacle offerred that EZ bailout I'd take it but those great books are long gone for US players. I doubt 5%
    of offshore bettors would go for something like that from EZ & they are the utopian thinkers,

    If a dubious book like easy would offer 20% of my BI balance and insist upon a $150 deposit there with a 10X rollover I'd think about doing it! For me 20% would be $400 the 150 deposit & a 6500 rollover. I'd take that chance, only $150 potential
    loss!

  22. #22
    Dark Horse
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    A bailout by a D book is not a bailout at all. And to do business with the same thieves, under a completely new arrangement in their favor, would be beyond absurd.

  23. #23
    QuantumLeap
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    Quote Originally Posted by Kindred View Post
    If you win they will label you as a pro and refund your deposit. It's a freeroll, read the email they sent people. Throw in the fact that it's basically the same book as BI that just stole 1.5 million and you would have to be a huge sucker to fall for this scam.
    EZ would never label anyone as a pro, would they?



    First they label a player as a pro and get in a big dispute about it. Now they include wordage in their agreement that your money will be confiscated if you're thought of as being a pro. Did they not think their dispute with Cory would have no ramifications?

  24. #24
    raiders72001
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    Quote Originally Posted by Scooter View Post
    The reappearance of stevex, EZ Street employee.

    stevex - What aspect of HedgeHog's math (as well as touchback's comments in post #2) are you disagreeing with?
    Get no bonus from another book. Do the math and figure out the expected loss. You are expected to lose much more than the bailout offer. I'm not recommending EZStreet but if you trust them, then it's a great deal. Try to understand the math before using it in the wrong way.

  25. #25
    raiders72001
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    BI got beat up because of their huge bonus. Now guys think it's a bad deal to get a 200% bonus. I could care less about rollovers. I'm going to bet so take the best that you can if you find the lines advantageous. Once again this isn't an endorsement of EZStreet. It's just a comment on the math. Take the book that you think that you can beat straight up without the bonus. EZstreet is easily beatable. It's risk/reward.

  26. #26
    yisman
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    Quote Originally Posted by stevex View Post
    So what there just going to say "here is your money back that BetIslands stole, will throw a 1x rollover on it and once you do that you can ask for a payout."

    And your whole thread is based on if you lose, what if you win? I don't see any payout complaints from the EZstreet book opened at SBR so they pay.

    Why are you complaining about a book that's going to give you 100% of your money back...jesus
    the offer was only for "square" accounts, in other words, people likely to hit about 50%.

    Quote Originally Posted by JasonDC View Post
    I cant believe how much discussion there is about this ezstreet bailout offer..i thought people would just disregard it right away and not even mention it.
    A lot of posters here played at BI and this was the only bailout offer, so it's only natural that it would get a lot of discussion.

  27. #27
    RUGSCRUBBER
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    No way anyone should take this offer. This was planned for a long time coming. Dont let them get you a second time.

  28. #28
    Mr. Jones
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    Quote Originally Posted by stevex View Post
    So what there just going to say "here is your money back that BetIslands stole, will throw a 1x rollover on it and once you do that you can ask for a payout."

    And your whole thread is based on if you lose, what if you win? I don't see any payout complaints from the EZstreet book opened at SBR so they pay.

    Why are you complaining about a book that's going to give you 100% of your money back...jesus

    I am complaining about a book that will steal 100% of your money again. That's a rather legitimate complant....Jesus!

  29. #29
    HedgeHog
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    Quote Originally Posted by raiders72001 View Post
    BI got beat up because of their huge bonus. Now guys think it's a bad deal to get a 200% bonus. I could care less about rollovers. I'm going to bet so take the best that you can if you find the lines advantageous. Once again this isn't an endorsement of EZStreet. It's just a comment on the math. Take the book that you think that you can beat straight up without the bonus. EZstreet is easily beatable. It's risk/reward.
    Couldn't you make the same argument about BetIslands?


    Even you are smart enough to recognize that EZ's bailout proposal is a new deposit bonus in disguise plain and simple--and it's 100% in the Book's favor (so what motivates you to promote this shiit deal?). It's actually an insult to people that had money stolen from BI--the thieves that have found a new home at EZ. Have you no shame, Raiders?

  30. #30
    raiders72001
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    Quote Originally Posted by HedgeHog View Post
    Couldn't you make the same argument about BetIslands?


    Even you are smart enough to recognize that EZ's bailout proposal is a new deposit bonus in disguise plain and simple--and it's 100% in the Book's favor (so what motivates you to promote this shiit deal?). It's actually an insult to people that had money stolen from BI--the thieves that have found a new home at EZ. Have you no shame, Raiders?
    I'm in no way way recommending EZStreet. I am stating that your math is irrelevant. You can easily meet that roll in a month.

  31. #31
    HedgeHog
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    Quote Originally Posted by raiders72001 View Post
    I'm in no way way recommending EZStreet. I am stating that your math is irrelevant. You can easily meet that roll in a month.
    The math IS relevant for a BAILOUT offer-which this isn't. How does this help anyone recover stolen funds?

    What's IRRELEVANT is EZ calling this a bailout deal, when it's actually a new deposit offer. Apples/Oranges.

  32. #32
    raiders72001
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    Quote Originally Posted by HedgeHog View Post
    The math IS relevant for a BAILOUT offer-which this isn't. How does this help anyone recover stolen funds?

    What's IRRELEVANT is EZ calling this a bailout deal, when it's actually a new deposit offer. Apples/Oranges.
    Is this your first rodeo? There are almost always terms to a bail out. If you trust EZStreet to last a month, then you jump on this. If you don't, then you pass and eat the loss.

  33. #33
    HedgeHog
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    Quote Originally Posted by raiders72001 View Post
    Is this your first rodeo? There are almost always terms to a bail out. If you trust EZStreet to last a month, then you jump on this. If you don't, then you pass and eat the loss.
    Not my first rodeo, and certainly not your first shill job. Bailouts are supposed to help victims, not take more of their money--which this offer will do.

    FTR, I no longer trust the new EZ/BI and I advise people strongly to REJECT this shitty "bailout" farce.

  34. #34
    Derp
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    Quote Originally Posted by raiders72001 View Post
    Is this your first rodeo? There are almost always terms to a bail out. If you trust EZStreet to last a month, then you jump on this. If you don't, then you pass and eat the loss.
    When it comes to rodeos you're definitely the clown. How can you get bailed out by the company that just robbed you?!?

    BI/EZ just robbed a player of his balance and now they tell him that if he deposits 50% of the value of that account they'll let him spin the wheel again? That's the deal? Heads I win, tails you lose. If the player wins they refund his 50% deposit on trumped up charges of sharp action and consortium play. If he loses, WELL, heist profits just increased 50%! These assholes must have friends on WallStreet who gave them the Bank Bailout Handbook. Rob and steal until there ain't nothing left to take and move on. You would have to be INSANE to send the company that was processing the deposits of the company that just robbed you another dime!

    Here's my theory as I have stated repeatedly over the past month:

    Jon the homeless bookie makes a deal with EZ to process money and use a few desks in their office and tap into their infrastructure (clerks, internet etc). EZ agrees for a cut of the profits but guess what? The profits are not forth coming because Jon is either stupid and thinks he'll overcome the sharp action he's getting OR he's pulling some kind of scam to skim money and is in cahoots with some players.

    Either way EZ brass finds out they're hooked up with a loser deal and figure that they can just pull the plug on the whole thing, keep the money held in reserve and blame BI Jon for it. Did any of you read the ridiculous EZstreetPete/7RedFred posts at the AreX? I mean really? These idiots create 2 Dr.Suess rhyming name accounts trying to deny they ever had a deal in the first place after months of BI statements to the contrary (Keep in mind BI originally denied being in bed with them, now the tables have turned). The same people answered the phones and managed accounts at all 3 companies from the SAME OFFICE, and now ex-BI guys are being "rehired" at EZ!?!

    How stupid do these scum thieving mafia wannabes think we are? All thinking gamblers, whether they lost money or not, should be insulted by this "bailout" offer. This incident should put up red flags for everyone with money off shore. It's a shell game. Stick with companies with 10+ years in the biz.

    SBR and BI
    AreX and EZ/7Red (Cricket central on all of this, another sellout disgrace to the industry)

    2 sides of the same coin and no one taking responsibility for anything. These can no longer be considered "watchdog" sites because the whole F$#k'n thing is all about the payola for damage control, PR and marketing. The fundamental nature of these forums has evolved and no longer has the players best interest at heart. However, they still provide a voice for the masses and can exert "some" pressure on the powers that be (Like the suggestion box at the IHOP).

    The bottom line for those who got burned is ask yourself, who had that big bag of money when the music stopped playing at BI?
    It wasn't Jon, it wasn't Ryan, it wasn't the mystery financial backer who was sitting in jail. It was the people who were processing the deposits of BI players and that was OBVIOUSLY done by EZ and co. I mean how much more F$#King clear can it be? After all the BI guys had been turfed who answered their phones and took the players money before they pulled the plug and disconnected the website? EZTHIEf for crying out loud!!!

    It is such a clear case of fraud and lies and scamming and petty little backend deals with SBR and AreX I just want to puke. I love betting on football and these forums are fun and interesting but our offshore bookies and watchdogs are a bunch of punk ass bitch liars and snake oil pitch men!!!

    Ba-Humbug! Screw you EZthief and your pathetic gang of crooks!
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  35. #35
    raiders72001
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    Quote Originally Posted by Derp View Post
    When it comes to rodeos you're definitely the clown. How can you get bailed out by the company that just robbed you?!?

    BI/EZ just robbed a player of his balance and now they tell him that if he deposits 50% of the value of that account they'll let him spin the wheel again? That's the deal? Heads I win, tails you lose. If the player wins they refund his 50% deposit on trumped up charges of sharp action and consortium play. If he loses, WELL, heist profits just increased 50%! These assholes must have friends on WallStreet who gave them the Bank Bailout Handbook. Rob and steal until there ain't nothing left to take and move on. You would have to be INSANE to send the company that was processing the deposits of the company that just robbed you another dime!

    Here's my theory as I have stated repeatedly over the past month:

    Jon the homeless bookie makes a deal with EZ to process money and use a few desks in their office and tap into their infrastructure (clerks, internet etc). EZ agrees for a cut of the profits but guess what? The profits are not forth coming because Jon is either stupid and thinks he'll overcome the sharp action he's getting OR he's pulling some kind of scam to skim money and is in cahoots with some players.

    Either way EZ brass finds out they're hooked up with a loser deal and figure that they can just pull the plug on the whole thing, keep the money held in reserve and blame BI Jon for it. Did any of you read the ridiculous EZstreetPete/7RedFred posts at the AreX? I mean really? These idiots create 2 Dr.Suess rhyming name accounts trying to deny they ever had a deal in the first place after months of BI statements to the contrary (Keep in mind BI originally denied being in bed with them, now the tables have turned). The same people answered the phones and managed accounts at all 3 companies from the SAME OFFICE, and now ex-BI guys are being "rehired" at EZ!?!

    How stupid do these scum thieving mafia wannabes think we are? All thinking gamblers, whether they lost money or not, should be insulted by this "bailout" offer. This incident should put up red flags for everyone with money off shore. It's a shell game. Stick with companies with 10+ years in the biz.

    SBR and BI
    AreX and EZ/7Red (Cricket central on all of this, another sellout disgrace to the industry)

    2 sides of the same coin and no one taking responsibility for anything. These can no longer be considered "watchdog" sites because the whole F$#k'n thing is all about the payola for damage control, PR and marketing. The fundamental nature of these forums has evolved and no longer has the players best interest at heart. However, they still provide a voice for the masses and can exert "some" pressure on the powers that be (Like the suggestion box at the IHOP).

    The bottom line for those who got burned is ask yourself, who had that big bag of money when the music stopped playing at BI?
    It wasn't Jon, it wasn't Ryan, it wasn't the mystery financial backer who was sitting in jail. It was the people who were processing the deposits of BI players and that was OBVIOUSLY done by EZ and co. I mean how much more F$#King clear can it be? After all the BI guys had been turfed who answered their phones and took the players money before they pulled the plug and disconnected the website? EZTHIEf for crying out loud!!!

    It is such a clear case of fraud and lies and scamming and petty little backend deals with SBR and AreX I just want to puke. I love betting on football and these forums are fun and interesting but our offshore bookies and watchdogs are a bunch of punk ass bitch liars and snake oil pitch men!!!

    Ba-Humbug! Screw you EZthief and your pathetic gang of crooks!
    You're a dumbass and you don't have any idea what you're talking about. Once again, not recommending EZStreet, just pointing out the misinformed comments. Tell me when EZStreet opened their doors?
    Last edited by raiders72001; 12-30-12 at 12:39 AM.

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