BetEd questionable C rating

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  • bobbywaves
    SBR Posting Legend
    • 05-06-08
    • 13280

    #1
    BetEd questionable C rating
    If BetEd is out of business why was it downgraded from C+ to C, instead of an F or blacklisted?
  • robmpink
    SBR Posting Legend
    • 01-09-07
    • 13205

    #2
    Originally posted by bobbywaves
    If BetEd is out of business why was it downgraded from C+ to C, instead of an F or blacklisted?
    How are you going to sign up or access your account?
    Comment
    • gangeriver
      SBR MVP
      • 12-23-09
      • 2138

      #3
      betsportsweb is out of business since July and still D-
      Comment
      • dark star
        SBR MVP
        • 01-04-09
        • 3900

        #4
        People are very busy around here.No time to update as theres too much going on.
        Comment
        • michael777
          SBR MVP
          • 09-20-05
          • 1936

          #5
          betfled
          Comment
          • Peeig
            SBR Wise Guy
            • 02-06-08
            • 567

            #6
            There are so many books in their list that don't even exist............it would be nice if SBR updated that page in their website, but instead they make videos of JJ and Peter Loshak....l0lz
            Comment
            • apkboston
              Restricted User
              • 02-22-11
              • 210

              #7
              i think that serves as a reminder, for if they ever become operational again, a reference point if oyu will
              Comment
              • Igetp2s
                SBR MVP
                • 05-21-07
                • 1046

                #8
                It helps make people aware of the value of SBR's ratings, or lack thereof.
                Comment
                • mtneer1212
                  SBR MVP
                  • 06-22-08
                  • 4993

                  #9
                  Grade is probably pending a bailout from a reputable book.
                  Comment
                  • horsiehung
                    Restricted User
                    • 10-31-10
                    • 258

                    #10
                    i cant keep up with all this baloney!!!!!!!!!!!

                    are they any good????????? can i trust covers.com???????
                    Comment
                    • mikeyg
                      Restricted User
                      • 02-25-10
                      • 399

                      #11
                      Covers supports some really shady outfits. I would tread very carefully if you follow any of their recommended books
                      Comment
                      • SBR Lou
                        BARRELED IN @ SBR!
                        • 08-02-07
                        • 37863

                        #12
                        Originally posted by dark star
                        People are very busy around here.No time to update as theres too much going on.
                        Actually, it is a conscious decision.

                        See this post from Bill:

                        Sometimes we have inside info but the rating is not a crystal ball. They are based largely on what you can read on their SBR page history: BetEd which overlaps with feedback on the forum. BetED would actually have been rated higher but they weren't always fair to players and reached for ways to apply rules to void big winner balances. Players who took advantage of the info that was here and the last two SBR downgrades might have concluded that BetED was not a place they wanted to keep big balances. The attitude they showed during disputes is the same that would lead to turning down a bailout because there wasn't enough in it for them.

                        BetED did have assets and a history of good payout processing times and a good amount of years online. Looking back 'C' was about right...especially if they took a bailout offer that shows assets do = lower risk. If we moved ratings after it didn't matter, they'd obviously be an F now.
                        Comment
                        • Chuck Sims
                          SBR MVP
                          • 12-29-05
                          • 3072

                          #13
                          Originally posted by horsiehung
                          i cant keep up with all this baloney!!!!!!!!!!!

                          are they any good????????? can i trust covers.com???????
                          Can you trust Covers? Does a house have to fall on you? Covers literally told a poster that his post warning of a shady sportsbook had to be deleted, because it would hurt their advertiser!!
                          Comment
                          • DIF
                            Restricted User
                            • 08-30-05
                            • 648

                            #14
                            C looks wrong to me.
                            Comment
                            • Bill Dozer
                              www.twitter.com/BillDozer
                              • 07-12-05
                              • 10894

                              #15
                              Yea, we don't move ratings after the fact. When a guy looks at the rating guide a year from now, he can see a C- book went offline and stiffed players and what led to that. Of course, we'd like to have every book at F before they tank.
                              Comment
                              • lukahh
                                SBR Wise Guy
                                • 04-08-10
                                • 941

                                #16
                                it is not easy to know sometimes... in theory, any panama/costa rica etc book can be gone with your money tomorrow if they decide so.
                                Comment
                                • azn624
                                  SBR MVP
                                  • 06-29-09
                                  • 2771

                                  #17
                                  Originally posted by mtneer1212
                                  Grade is probably pending a bailout from a reputable book.
                                  What would they gain from this?
                                  Comment
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