[fantabaldu]

Today it's arrived to my mail from Roberto the owner of Theonlinewire this letter

Dear player,

I am delighted to announce that we have successfully brokered a relief plan for all Pointbet victims with Ascot Sports (TOW Rating 9)

You may read details of this offer and full information about Ascot Sports here: http://www.theonlinewire.com/articleView.aspx?ID=2622

Please feel free to contact me via email at admin@theoffshorewire.com for any additional question you may have about this offer.

Please feel free to share your comments/opinions about this relief plan here: http://www.towforum.com/online-sport...t-victims.html

I've already knew about this possible bailout from Ascotsports and so in past days i wrote to Isle of man Regulator to ask information about Ascot and arrived this mail :

Thank you for your email.
I can confirm that Ascots Sports hold a bookmakers permit and betting office licences to conduct betting from the Isle of Man. May I refer you to www.gov.im/gambling for the applicable legislation.
Can I assure you that should you have any cause for concern, licencing requires there is a dedicated person employed by Ascot on the Isle of Man to deal with such matters. It is not merely a ‘black box’ sitting in the jurisdiction of the Isle of Man.

If you have a complaint it should be initially referred to Ascot but if the matter cannot be resolved please free to contact me further.

I trust this provides you with the comfort you seek.

Kind regards
Derek

Derek P Cannon
Gambling Inspector
Isle of Man Gambling Control Commissioners
Oaseiryn Kiarrooghys Ellan Vannin
Homefield
88 Woodbourne Road
Douglas
Isle of Man
IM2 3AP
Telephone +44 (0) 1624 694303 Fax +44 (0) 1624 613777
e-mail derek.cannon@gaming.gov.im
website www.gov.im/gambling

So everybody can be interested can write to this
email :admin@theoffshorewire.com

[fantabaldu]

Below i write the email that it's arrived from theonlinewire with all the procedure to meke to become eligible...

Dear Player,

Please send the following documents to complete your Pointbet balance validation process:

1) Pointbet account number/account ID;
2) Last known account balance;
3) Proof of existance of Pointbet account which can be one of the following:

a) A copy of a deposit into your Pointbet account (any processor's pay in slip);

or

b) A copy of a withdrawal request from your Pointbet account (any processors pay out slip or Pointbet's email correspondence);

or

c) A screenshot of your Pointbet account;

or

d) Any correspondence you had with Pointbet concerning your account with them.


Please allow up to 48 hours for Ascot Sports to examine and validate your request.

Please do not esitate to contact us should you require further assistance with this matter.

[slash]

Calling this a bailout plan is probably a bit exaggerated...

[vanman]

How safe is this book anyway,as it has only been around for a couple of years and is run by people from asia i can see them doing a runner with yet more money.

[chano]

Better than nothing, I guess.

[WWTSblows]

**Edited** Didn't realize it was 1pct on volume. This makes it a 100xB. $1,000 balance requires $100,000 playthrough.

[JoshW]

Perhaps the worst bailout plan in history. I can't believe the book actually makes you qualify to get 1% back on losses.

[ttmopp]

Its 1% cashback on wagering VOLUME, not losses.

[Doug]

I don't know if Pointbet ever took US, but Ascot doesn't, so this is only good for people that can already use Pinny/Mansion/Betfair etc.

I think you'd get a better line at those places. Ascot looks full juice except for soccer from a quick look.

I don't think I'd even do it, if it was me. It would take a lot of shopping to find the best line there, by the looks of it.

[JoshW]

Thanks for the correction TT. 1% on action isn't amazing, but so much better than on losses.

[Bill Dozer]

1% voume is pretty good but like Doug said, you need to be near the best price or not be a shopper for it to work out. Pointbet players were there for their prices and lines. Ascot is going to get a bunch of players trying for moves.

Since the book is being promoted we have received requests to look into them and will do so.

[pibedoro]

i think that the absolute majority if not all pointbet victims cannot proof in full their account balance unless they were wise enough to take a screenshot of their Pointbet account.

I cannot proof my Pointbet balance of $7,320.16, therefore I am in a deadlock situation. This is not fair. Neither here, I had read all Pointbet related topics and nowhere was suggested to take a screenshot in case of any bailout plan.

A round of applause to the few who did that. I did not (

[Santo]

Do you not have proofs of your deposits to them?

[pibedoro]

sure I have but my account balance was much higher than my deposit amounts.

[Santo]

Sure, but if you are considering this (and I'm not advocating 1 way or another), getting anything back is better than nothing.

[slash]

pibedoro, I am not even sure you need a screenshot. Of course Ascot would be more than happy to sign up anyone under this deal.

[slash]

Posted by TOW:

"We apologize for any possible delay but we wish to remind that we are dealing with the largest relief plan ever crafted in the history of the online gambling industry worldwide. The estimate of Pointbet victims exceeds 25,000, 4 times BETonSPORTS victims."

How can this be a "relief plan"??? And why is he once again just pulling arbitrary numbers out of his ass?

[fantabaldu]

I want to ask one thing: if this plan it's not so generous and maybe i can agree with you, why other books don't move no hands after what Pointbet made?

Why i wrote many mails to ask to have a similar relief plan to S bobet , to Ibcbet , to Mansion88 and i hade absolutly no kind of answer from their management ?

I' m not stupid this is a plan that can be not generous , but honest..
Honest for me because my money was really lost and now i can begin another time to play with this money..
Honest for this book because they can have a good publicity from all this...

One thing i don't earn nothing from this operation i only earn to have back my 35k i lost with pointbet..

Only thing that it's really important it's to understand if Ascotsports it's a reputable book or not..
Till 3 week ago i never heard about this book and i've never play with them..
So i ask around some information about them..
I can say that owner have really a lot of money and they want to expand his business in Europe..
Second thing they have a license in Man island..
Personlally i speak with Derek Cannon the regulator of Man license and i've already wrote in this forum the mail he sent me..

What is my idea ?

That sure other relief plan can be better.. but till now no kind of books made nothing to help pointbet victims..

This plan can be good or not so good but it's so important to have the possibility to give more credibility to the market...
Everyperson can be free to accept or not , i absolutly don't push nobody...
But now there is this possibility that till now there wasn't and this is really important...

[slash]

Books have absolutely nothing to gain by doing bail outs the old fashioned way.

[pibedoro]

slash, how were bail outs done in the old fashioned way?

And does Ascot's bail out plan make it impossible for others to offer a different pointbet bail out plan? Is one bail out plan only permitted by the market or are multiple bail out plans permitted?

[JoshW]

Tough to get a good bailout with the state of the industry. When it was more flush was easier to be generous (likely too generous).

[slash]

Originally Posted by pibedoro

slash, how were bail outs done in the old fashioned way?

Some (retarded) books chose to give either a 100% matching bonus or chose to just give the players the money with a roll-over.

[althelegend]

To fantabaldu:
Ascot are a reputable book.
Up to yet they have operated mainly in the Asian market - perhaps that is why they are offering this package.

They may not be one of the 'giants of the industry' - but give them a chance.
Anything is better than no help at all.

[fantabaldu]

Originally Posted by althelegend

To fantabaldu:
Ascot are a reputable book.
Up to yet they have operated mainly in the Asian market - perhaps that is why they are offering this package.

They may not be one of the 'giants of the industry' - but give them a chance.
Anything is better than no help at all.

I completly agree with you...

Anything it's better than no help at all...

True that the plan is far from being the best one can get but it's also true this relief plan is 100% better of what other books have not make to help Pointbet victims...

[jackal]

Originally Posted by slash

Posted by TOW:

"We apologize for any possible delay but we wish to remind that we are dealing with the largest relief plan ever crafted in the history of the online gambling industry worldwide. The estimate of Pointbet victims exceeds 25,000, 4 times BETonSPORTS victims."

How can this be a "relief plan"??? And why is he once again just pulling arbitrary numbers out of his ass?

Putting aside watchdog website politics for a moment it can clearly be seen that TOW has done a damn site more than this website or any of the other so called watchdogs for the players who have been stiffed in this situation.

I for one applaud Roberto for his actions and hope this relief plan can be made to work for the sake of stiffed players (myself included).

[wack]

I think that's harsh Jackal. SBR have always been to bat for me when I've needed them. They've helped wherever they can.

In this situation no-one could really help, at least SBR were truthful and for one helped me accept the inevitable before it happened.

If I wager the full £10,000 GBP a week, for 5 years I still won't have my money out, but its better than nothing. Their soccer juice looks reasonable, and they will get some action from me - although it will probably be when they are best price/joint best price (although that won't be hard with asian lines).

I am skeptical about coverage of any book being initiated at a 9/10 by TOW, I must say - it's potentially irresponsible. Looking into the Ascot background they look reputable - similar to mansion etc in terms of their backing.

In response to the person who asked about bailouts, when the exchange Sporting Options went bust, betfair did a bailout plan and so did IbetX, so you could actually get double your money back if you played your cards right. But as fantabaldu says, no-one else has come forward and offered to do anything - at least this offer is sustainable, they have to pay out a potential 4.5m after taking at least 450m in action they probably would not otherwise have taken - anything more generous (although obviously I would like to have seen a bigger limit than 100GBP a week) would be potentially suicidal.

[WWTSblows]

Umm, I am willing to bet TOW is profiting from this situation and is their main concern for doing this. 1 pct rebate is the equivalent of 2 cents of juice? This means they are giving their players the equivalent of 16 cent lines?

I hardly call this a bailout in the loosest sense of the definition. -108 lines are close to full price and although I obviously don't know for sure, but I am willing to guess TOW is just a shill for them and will be paid nicely for their efforts.

[slash]

WWTSblows, look at their soccer lines.

[WWTSblows]

Yeah, their soccer rates are good. 10cents for even money and 15cents for lines +110. Didn't see where it broke after that.