[Bill Dozer]

Hey Guys,

We have been monitoring a potential BetEd bailout. A top sportsbook approached with an offer to cover balances in full. No deposit would be required for players to have their funds guaranteed by rescuing book. BetEd has the offer and the ball is in their court.

Unfortunately they didn't jump at it and it was laid out Friday. No response yet. Hopefully a lesser deal for players with a lesser book isn't in the works. BetEd of course should do what makes players closest to whole again.

[ttrace35]

What book?

[YorkHunt]

Bet ed is scum

[Bill Dozer]

Can't say that this time. They are rated highly and players would be pleased.

[alling]

they dint jump at it because they want to keep the funds

[patswin]

gotta be bookmaker or 5 dimes

[Jrod124]

Bet ed is scum

they will be if they don't accept this offer

[shari91]

I don't like the sound of this. Why on Earth didn't they accept immediately???

[WVU]

nice work if this happens. I suppose the reason why they may not accept is they would have to turn over their accounts payable list

[Lint Pockets]

it's either greek or betjam.

[Chopsticks]

250 pts on legends.

[Bill Dozer]

they dint jump at it because they want to keep the funds

They don't have to pay anything. It's just transferring debt.

They get the benefit of the doubt. They might be getting their house in order to move it over for a full bailout somewhere. But, we've seen bailouts go in the direction of biggest money-making opportunity...150% match deposits and 20x rollover and bailing out book getting a marketing list. There is likely a pretty good customer list from years of marketing on covers.

[horsiehung]

why would they not take it????????????????????/
scuumbags

[WVU]

IMO 100% bonus with 20 x roll is not a bailout. It is a simple bonus offer that isn't all that hard to find

[John Dough]

Agreed...I highly doubt that the people who had money stolen from them in this beted/DOJ fiasco arent that eager to go throw more money offshore right now...myself included

Do you not realize your choices at this point are likely a bailout or nothing at all?

[yisman]

I don't like the sound of this. Why on Earth didn't they accept immediately???

Exactly.

Truth is, I don't know why a book would even want to bail out beted.

[John Dough]

Without a doubt...but im just saying that if another book were to pick up beted's debts, its better to attach a 50x rollover than make people deposit more money with a 100% bonus offer with just a 10x rollover.... simply for the fact that ive read alot of posts on just about every forum from paranoid gamblers wondering if they should ever deposit any more.

Fair enough. I can see your point (although I'm not one of those paranoid gamblers and I'm still fine with having money in the A-rated shops).

[Bill Dozer]

Again, no deposit required in the offer. And, we are with you guys...don't know why they won't take it and get players their funds.

[stats13]

Man, I'd do a f'n back flip if it was 5 dimes

what if you already got a 5 dimes account? I guess they'd be smart enough to merge the funds?

[trumpdown]

When does WSEX get a bailout Bill?

[WVU]

Again, no deposit required in the offer. And, we are with you guys...don't know why they won't take it and get players their funds.

keep on trying Bill. No deposit makes the rollover easier to swallow especially if we are still playing offshore anyway.

With no deposit, I don't care who it is. It could be an F book and it would be worth it

[Legions36]

This is good news i just wrote off my $ as a loss but i would definitely appreciate this, thanks alot Bill and which ever book steps in i would be a customer for life.

[Santo]

Exactly.

Truth is, I don't know why a book would even want to bail out beted.

Their active client list is already pre-pruned of most sharps and is likely one of the squarest going (along with Bodog). Balances are likely fairly small (as their limits were), so a relatively low cost to acquire a square client base and a ton of goodwill.

Bill: When you say the offer was laid out, is there actually somebody left representing BetEd who has access to the backend?

[johnster]

gotta be bookmaker or 5 dimes

5D used advertiser status to force SBR to not pay 32K to Tacklberry so let's be real with guessing who is behind offer

[GamblingMike]

Hopefully, BetEd does the right thing here and accepts the offer.

[thetrinity]

I wouldn't hold my breath.

me neither, but its something at least. makes sense for a big book to do this IMO.

[beyond]

Wow that's really good news. Thanks SBR!!

[Bill Dozer]

Their active client list is already pre-pruned of most sharps and is likely one of the squarest going (along with Bodog). Balances are likely fairly small (as their limits were), so a relatively low cost to acquire a square client base and a ton of goodwill.

Bill: When you say the offer was laid out, is there actually somebody left representing BetEd who has access to the backend?

Right, this isn't a huge amount in total either. Yes, the two companies discussed on Friday. The call back didn't happen. We first spoke to their director in Ireland last week and got the update on the status today.

I see a forum advertiser of theirs is saying something as good is in the works and very close. That's great news and hopefully it materializes soon while the value is still there for the 2nd book. Maybe this offer from a top book raised the standard on the bailout and assures players won't have to jump through hoops.

[thisisit]

Would be nice for the whole offshore community if this happens, if those who lost their money get it back at 5dimes they will be happy with the better site