BetEd Sportsbook out of business

[RenoOSB]

if they had 10% of their assets frozen, wed have a beted.ag by now. obviously its more serious then that or they wouldnt have bailed. i know its not 100% like they claim but im sure it was enough to make it worth it to them to close shop.

This is an easy way for any book to abscond with funds if they wanted to. Bookmaker is still around and emailed people in 5 mins after their name went down. Beted knew what was going on, evidently, and they elected to flee with funds. Thats the belief of guys on my site and the fact that they want to claim that two of their 25 bank accounts held all the funds is rubbish. They can make refunds if and when they wish.

[djefferis]

Ouch

[djefferis]

this totally sucks for those who took that 100% bonus offer

[Emily_Haines]

fuk covers

[louis.ana]

wow, no wonder their betting trends do not show on covers.com matchups

[blackbart]

cover's your ass
pure fiction the gov't seized all of the assets, trying to deflect the blame

[durito]

I love how everybody expects that a business will continue with no problems after having their owners indicted and most of their funds seized.

Most amazing is that still a bunch of "smart" posters assumed that every "A" book has 100 banks aligned, it has money buried on their backyard and that they must have a plan B, C, D and E ready for all these situations. Please guys, some common sense, any book, be an "A" or "B" or whatever letter, if suddenly you lose a 80% of your revenue, how do you expect to operate?

Too many Mission Impossible movies for a lot of people here. A bit more of news and probably some Home Improvement Channel can cure that.

Also this dream that a book is an "A" or "B", whatever, SBR charges for it, Covers does it too. Dont blame them they are all business and on this industry anyone can fall.

Too bad for the players, but reality is, they may never see their money again.

There is no chance ¨most¨of their funds were seized. It could not possibly amount to more than a tiny percent unless they were completely insolvent and didn´t have any of the players funds.

[Jnas]

Stick to the 4 horsemen. CRIS GREEK 5DIMES and BODOG. I have no worries on these guys ripping me off

[stats13]

It's not like BETED was really doing anything so shady. Just stupid, I guess, to go with a processor that was too good to be true. And apparently allegedly holding all the money in one account.

[goldengreek]

This is not a shock to me. I wish they would done this to the stiff books like BetUs or Sportsbook.com though. Then there would have been some real happy people about that.

[trixtrix]

It's not like BETED was really doing anything so shady. And apparently allegedly holding all the money in one account.

and that's not considered "shady" to you?

[Emily_Haines]

I just read some of the crap Lou over at covers wrote.

I hope that clown gets his ass kicked.

[Kindred]

how do people continue to support covers when they promote theives?

Beted were always crooked, for covers to come out and say it's not their fault is disgusting.

[No coincidences]

cover's your ass
pure fiction the gov't seized all of the assets, trying to deflect the blame

They're going to get that money back for the customers though, come hell or high water.

[Nikfrio]

This whole thing does look shady. Pokerstars were seized too for the same reasons but the US government is letting players get their funds back. BetED just took the money and ran?

[Sdotbold]

Obviously. We all knew from forum disputes that they were unrepentant lying shitbag thieves. This is what unrepentant lying shitbag thieves do, steal whenever they think it's expedient. If there's one lesson to be learned from these forums, above all others, it's that crooks and liars will keep being crooks and liars.

Always with the great posts

[Emily_Haines]

how do people continue to support covers when they promote theives?

Beted were always crooked, for covers to come out and say it's not their fault is disgusting.

Unreal how they tell every to go play there and that they have 100% sign up bonus. After the domain gets taken down they say not to worry everybody money is 100% safe. The next day they pack up and steal every ones money and covers says it is the US government fault not theirs. Somebody needs to drive up their and bust into the company headquarters rambo style and seriously start fukking up things.

[Kindred]

Covers is part of the scam

Go to covers and hammer them NOW

I did but they have my ip blockd so one post and I'm insta banned. Got a VPN I can use?
trashing covers and "lou" and rizzo the *** guzzler (is he still there? been awhile lol) at covers is fun. THey always promoted scammy books, and if you ever say anything about a sponor they insta delete the post/thread and ban you. Glad people are finally seeing covers for what they really are, cheap whores that pimp out their customers to the highest bidder.

[kfranz31]

this is sad.....although i never thought beted was that big..i always went witht the big boys.....although i dont wish this on anybody

[Kindred]

Is lou at covers even real, back in the day they had this pic of a fat dude that looked like a 70's ron jeremy style porn star sitting in a hot tub. Did they invent lou to promote that shit hole or is he a real dude? Just curious, either way that place is a thorn in the side of the legit gambling industry since many degenerates get their first introduction to the industry through that place. All the newbies getting ripped off won't return again, that's bad for all legit businesses and legit players. Really wish legit sportsbooks would pull their advertisements from covers, especially after this shit.

BetJam, Bookmaker, BetDSI, BetOnline, Intertops, Legendz, should all pull their money from covers. You guys with money at BetEd should email them and tell them they shouldn't promote covers. And hell covers got all those ad dollars, even if there was a hint of truth to what they said they could use those ad dollars to help make their customers whole. They have promoted BetEd for years, they have made tons of money off BetEd and the customers they sent there.

[Iced]

Anyone reading the thread over at covers? A poster named King_Coebra is ripping the entire site of covers a new asshole. Pretty humorous. Covers Lou got so pissed he called the King_Coebra guy a "fu[]king clown".

What scumbags.

[chase hardy]

what a shame. I posted up on the 100% bonus deal. Lost it and am glad!

[Kindred]

Anyone reading the thread over at covers? A poster named King_Coebra is ripping the entire site of covers a new asshole. Pretty humorous. Covers Lou got so pissed he called the King_Coebra guy a "fu[]king clown".

What scumbags.

he actually called him a fu king clown..like OMG

sorry dude, drunk and it's sad. Covers=con men and the fact that they will continue on like nothing happened when this blows over (in what a week?) makes me sick. Oddsmaker will probably take Beted's place.

[mr. leisure]

I fukin hate thieves

[Killakrzydav]

Stick to the 4 horsemen. CRIS GREEK 5DIMES and BODOG. I have no worries on these guys ripping me off

You include Bodog in this group?

[mikeanite]

this is a sad day for sportsbook in the US... shit, there will be more to come.

[Kindred]

You include Bodog in this group?

Not sure about the ownership of Bodog these days but they have never ripped anyone off. Shadiest thing I ever read about them is payout delays back when all the payment processors got shut down. They limit quick compared to the other 3 horsemen mentioned but I would feel just as safe getting paid from Bodog as from the other 3..not saying I'd put bodog in their league but as far as legit and getting paid I probably would.

[Chuck Sims]

Man, did Covers.com whiff on these guys or what?

What do you mean whiff? Covers was paid to rate these shysters #1.

Player complaint posts were deleted by Covers.

[Killakrzydav]

Not sure about the ownership of Bodog these days but they have never ripped anyone off.

That is so very untrue. So very, very untrue.

[Kindred]

That is so very untrue. So very, very untrue.

So fill me in, never claimed to know all but as far as I know bodog never did anything worse than payment delays. I know they limit sharps quick, look at their lines even if I didn't read that in a forum it's obvious. I've read the new ownership as ruined the poker room for all but the squarest of the squares. But what am I missing, who got ripped off?

For what it's worth I bet Johnny Sack to get whacked first in the final season of sopranos and lost at Bodog. I knew he would die first from lung cancer from leaks, bodog wouldn't pay out even though BetUs did. I was mad and raised hell. But at end of the day they were right..and it was just a $50 bet anway but even if more I would have pushed just until I got my money back. THey were right, he wasn't whacked he died of lung cancer.

What else has Bodog done? Seriously I'd like to know. I had an account with them that was so old I forgot and openeed a new one and they informed me I had little over $200 in the old account. I didn't know I had ever played with them. If you want I can probably dig up the emails from 2005 or so.

So I know of no dishnest theft from bodog, and I have no money there but if I did I'd feel pretty safe about it. Teh rake they charge is another story, rape to say teh least. But to compare them to BetEd isn't fair, and as far as payouts go they are in the top tier unless their is something I don't know in which case enlighten me.

[thezbar]

Never opened an account with them.

[ByeShea]

play at A books only from now on.

Do you think the United States Department of Justice respects A-rated books or something?

[exstatman]

Just curious, what funds were seized by the US Government? The funds charged to ************ by foreign processors? Or was it the money sent by wire to foreign destinations?

[fakeandthedrive]

. dang!

[thisisit]

BetED was a shot taker to players for years, anyone that played there got what they deserved. A note to all players offshore, Keep your balances low so you can't get screwed out of more than a couple thousand.