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Author: [Gaming Industry - US] Topic: Beted situation...Where have all the mods gone
Lou send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Sports Interaction |
Lou
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#51
Posted: 5/29/2011 9:57:41 AM
Hi folks,

First of all, I'd like to apologize to Gilberto. It has been about 11 hours since my last post, and he must be feeling that I've abandoned the forum overnight.

Otherwise, today is Sunday, so I wouldn't expect a lot of updates coming today.
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#52
Posted: 5/29/2011 10:25:32 AM

I have known Lou since this was called Lou's posting board many, many moons ago. He and Freedom are doing what they can. But anything to do with the goverment takes a long time and then some. If any money does come in it will be much later than sooner.

Neither one of them has any inside info on how much money was involved or exactly how many accounts.  No book would provide that info to a soul outside the company and sure not to a client. In fact in my opinion I imagine they feel a bit betrayed.

BetEd was ranked in the upper tier of other websites also and as I said before, money wise they were rock solid.

So everyone just wait a few weeks and see how things shake out.  There won't be new info everyday, in fact until BetEd or the Feds make a statement, there really isn't anything else to say.  It would all be speculation and that does no one any good.  Just starts rumors.

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#53
Posted: 5/29/2011 10:59:36 AM

Alright, I am a mod here so you can take this with a grain of salt.

I am not defending nor attacking BetEd as I have been a Bookmaker customer for as long as I can remember (even before they were BetCris and when they started solely for phone wagering as Island Superbook).

But what has happened could happen with any of the sportsbooks. Why do you think Pinnacle and Matchbook left the US Market? It wasn't because US customers have a known reputation for gambling proficiency.

I have read the indictments and the warrants. Here is what I can tell you:

1) The targeted bank accounts where those that were holding the costomers accounts in escrow. When you send money to a sportsbook, it does not go into some general account. It is held in escrow.

2) That was the most aggressive action by the US government to date. Seizing a companies assets, which is often divided into thousands upon thousands of accounts, will not shut the company down. Seizing the players monies absolutely will.

3) Don't believe anyone who says that have spoken to anyone from the government on this issue. It is an ongoing investigation. No one will comment.

4) If this makes you angry, frustrated, scared, or anything else, call your local congressperson. Tell them the government has no right to engage in actions that violate the 4th Amendment and demand they repeal the UIGEA of 2006 (and subsequent amendments).

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#54
Posted: 5/29/2011 5:37:28 PM
QUOTE Originally Posted by Lippsman:

No mod has made a guarantee that everyone would get thier money back.  Freedom at Stake and Lou are very much more than mods.  We gotta get that straight right off the bat.

I'm sure when they hear something they will post it here. But my personal opinion that does not represent Sports Inc. or Covers or any of the higher ups is that I really doubt anyone will get any money back.

Why isn't there so much bitching about Full Tilt stiffing everyone when they got busted.

You want to girl about BetEd being ranked No.1 with Covers.  How about bitching about Full Tilt being advertised on NBC and on a ton of other stations and such ??   Why is this never brought up.  Hell, Full Tilt had what in the kitty, about 60 million that no one has gotten back yet.

Right now The U.S. government is seeking the forfeiture of approximately $3 billion in defendants' assets as a remedy of Full Tilt and everyone is so worried and pissed at Covers with the BetEd situation.

Maybe Covers is trying to work a deal with another book to help the people that had money in BetEd.  But I can promise you that no one up at the top had any idea this was coming, just as no one at NBC and such any idea that Full Tilt was going to be busted.  If you want to get pissed at anyone, be pissed at BetEd for having so much money tied up in a couple places and not having a backup plan for anything like this happening.

Because Bookmaker sure didn't miss hardly a beat.

It's bad either way.  They 1. were horrible at managing the money, or No. 2 they have a nice chunk of money that the goverment doesn't know about and that's not good.  Or No. 3 they are going to give that chunk of money back to the players.  But where they moved out of thier offices I'm not counting on No. 3.

And yes, before you even say it again I have a huge problem with all the special 100% and such sign up bonus' that BetEd had before the hammer went down,.

I see you haven't been on the board long, least under this user name.  Buy you can ask anyone that's been here any amount of time that I have always said to avoid any books that give out huge bonus' and such.  It's just asking for trouble.  You ever wonder why books such as Pinny, 5Dimes, Greek, Diamond and Bookmaker give little to no bonus' ?  It's because they don't have to, they are a solid book and don't need things like bonus' to get new or reload players.

Well that's it and just so everyone knows.

My views are not Sports Inc, Covers, Freedom at Stake or Lou.  They are mine...all mine......

 

BIG difference between NBC accepting advertising from full tilt and Covers accepting advertising and endorsing/recommending BETed as #1.  If you dont not see the difference here than clearly no one should take any covers recommendation/endorsement seriously and possibly a clue to say away from that endorsed site.

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#55
Posted: 5/29/2011 5:55:54 PM

Freedom,

Can you share with your customer's what criteria and due diligence was used before you ranked BEDed, as your #1 recommended book?   Additionally, we all know BEDed paid covers for advertising on your site.  Can you assure us no money is accepted by Covers in recommend books and the amount of money received for advertising does not, in any way, influence your rankings of books and that recommendations are made using established criteria and due diligence, as you will explain above.  Those are the issues you can address for your cusomters now, as I do not believe you have much to offer regarding anyone getting there money back.

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#56
Posted: 5/29/2011 6:04:34 PM
QUOTE Originally Posted by Gilberto:

Damn you are a loser. You are kissing behind to a fake harry picture, from someone you don't know at all. You must be one lonely son of a girl.

"shut the darn up" is "brilliant".....your IQ must be very very low if that qualifies as "brilliant" in your world.

 

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#57
Posted: 5/29/2011 6:47:28 PM
QUOTE Originally Posted by buxwin:

Freedom,

Can you share with your customer's what criteria and due diligence was used before you ranked BEDed, as your #1 recommended book?   Additionally, we all know BEDed paid covers for advertising on your site.  Can you assure us no money is accepted by Covers in recommend books and the amount of money received for advertising does not, in any way, influence your rankings of books and that recommendations are made using established criteria and due diligence, as you will explain above.  Those are the issues you can address for your cusomters now, as I do not believe you have much to offer regarding anyone getting there money back.

/i like the happy porn comment about me,,,  how did you know
PM me  
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LVTruck
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#58
Posted: 5/29/2011 6:49:04 PM
juice to VEGAS,,I'll like to talk to you 
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LVTruck
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#59
Posted: 5/29/2011 6:49:49 PM
QUOTE Originally Posted by buxwin:

Freedom,

Can you share with your customer's what criteria and due diligence was used before you ranked BEDed, as your #1 recommended book?   Additionally, we all know BEDed paid covers for advertising on your site.  Can you assure us no money is accepted by Covers in recommend books and the amount of money received for advertising does not, in any way, influence your rankings of books and that recommendations are made using established criteria and due diligence, as you will explain above.  Those are the issues you can address for your cusomters now, as I do not believe you have much to offer regarding anyone getting there money back.

GFUS
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LVTruck
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#60
Posted: 5/29/2011 6:54:54 PM
BUTWIN 

what can you assure us 

Keep friggin with LOU,, why are  lonely,, need a friend,, you have no money in BETED,, so off the BOX 
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mafioso send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Bellagio |
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#61
Posted: 5/29/2011 6:56:35 PM

Are you aware that beted was a top5 book everywhere on the friggen net?

 

wether or not covers was a paid sponsor has nothing to do with the fact that beted was a top 5 rated book EVERYWHERE

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#62
Posted: 5/29/2011 6:57:39 PM
YOU have no idea about the stress,, what do you own,, who are you,,]
tell as about the BIZ you run,, until then /GO AWAY
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#63
Posted: 5/29/2011 7:03:45 PM
QUOTE Originally Posted by buxwin:

Freedom,

Can you share with your customer's what criteria and due diligence was used before you ranked BEDed, as your #1 recommended book?   Additionally, we all know BEDed paid covers for advertising on your site.  Can you assure us no money is accepted by Covers in recommend books and the amount of money received for advertising does not, in any way, influence your rankings of books and that recommendations are made using established criteria and due diligence, as you will explain above.  Those are the issues you can address for your cusomters now, as I do not believe you have much to offer regarding anyone getting there money back.

quote
LVTruck
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#64
Posted: 5/29/2011 7:10:02 PM
LOU i want answers NOW,, darn the fed you owe me 
i know it's a 3 day weekend ,,,,call the DOJ 400 bucks it a stake 
call Freedom,Rizz /All the cover linesman and PM me in 5 min,,
go spend time with your family,,, and tell it like you see it...

don't want to be box'ed but i can tolerate the lame garbage,,, 




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LVTruck
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#65
Posted: 5/29/2011 7:10:46 PM
CRY BABY people 
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#66
Posted: 5/29/2011 7:14:06 PM
QUOTE Originally Posted by Freedom@Stake:

OK guys,

No need to worry about yourselves, first of all.

Nobody - not the DOJ, and not the IRS  - is going to arrest you. They have nothing on you because you have broken no laws.

I have to apologize, because since I've been doing this for 16 years, I often forget and make assumptions that everybody on the site has the same general industry and legal knowledge that comes with experience.

I've seen so much mis-information and dis-information over the last week that I've decided to put together a general post that kind of sorts out where you all stand legally.

It will be up either tonight or tomorrow, depending on how much editing needs to be done to it.

O.K. Freedom@Stake, last night nothing, today nothing. Do you have that statement that you were going to issue or is it still being edited? Tick Tock Tick Tock, people are waiting.

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#67
Posted: 5/29/2011 7:22:47 PM
QUOTE Originally Posted by Raines:

O.K. Freedom@Stake, last night nothing, today nothing. Do you have that statement that you were going to issue or is it still being edited? Tick Tock Tick Tock, people are waiting.

the offices of beted are covered in yellow tape,,, the owners  are running from a 30 year stretch,, but they called me from the bunker,, as long a the fed drop the case,, that they been undercover for 2 years  we should be fine  
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#68
Posted: 5/29/2011 7:29:49 PM
Thanks LVTruck. Just when Freedom promised something by today, I expected him issue his statement. It's about 7:30 EST, I could have edited a novel by now. Nonetheless thanks for your input sir. Nice looking bud......man do I ever miss the college days.
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#69
Posted: 5/29/2011 7:47:12 PM
I'm sure is is in tight with the fed's,,
3 day weekend,, what do you expect for the Cover staff,,
your hopes are unfounded ,,and as like you expatiations 

take a nap 
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#70
Posted: 5/29/2011 7:49:45 PM
 so many crybabies in here, nobody foul but yourself. there is a risk when come to gambling. accept it and move on. and yes i got burned pretty bad by fuckin beted too.  
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#71
Posted: 5/29/2011 7:56:33 PM
QUOTE Originally Posted by sandrez7:

 so many crybabies in here, nobody foul but yourself. there is a risk when come to gambling. accept it and move on. and yes i got burned pretty bad by fuckin beted too.  
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#72
Posted: 5/29/2011 8:20:21 PM
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#73
Posted: 5/29/2011 8:45:20 PM
QUOTE Originally Posted by mafioso:

Are you aware that beted was a top5 book everywhere on the friggen net?

 

wether or not covers was a paid sponsor has nothing to do with the fact that beted was a top 5 rated book EVERYWHERE



Really? I'm pretty sure that's not true.
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#74
Posted: 5/29/2011 8:58:57 PM
QUOTE Originally Posted by MisterMoneyline:



Really? I'm pretty sure that's not true.
it is strange,, or does a 46 pose dude that started in May
have on other post except offshore garbage,, go back to you other site  
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LVTruck
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#75
Posted: 5/29/2011 9:00:58 PM
QUOTE Originally Posted by MisterMoneyline:



Really? I'm pretty sure that's not true.
sorry I will be home soon I phone suck,, beable 2 splain better
once i get home
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