[frostno98]

Everyone must be curious as to why CreditWagering.Com is running a business that at first sight appears to be manage very poorly by a bunch of clowns. I actually see some genius thinking in their master plan to dominant the online sports world.

First of all, they're lending out make believe money known as credit to anyone and everyone. 80 percent of the folks who plays their will lose that entire $1000 balance within a month. The reason being is because of their extremely low straight wager limits. If your in the hole early, then you are basically f\*\*k. Even with their max limit if you ever get that far, is only $500 dollars. It would take a succession of quality picks just to get you back to square one if you were to lose. Because of their rules they have created a system that is know as the "revolving door".

The "revolving door" is the term they use on people stuck in the criminal justice system. Under this system your place in a situation that is designed to make you fail. Prison don't rehabilitate anyone, when inmates get paroled they can't find a job, and they end up doing things that got them there to begin with. They're always in a losing situation.

This is one theory in how CreditWagering.com will dominate the offshore galaxy. Get about a 1,000 plus clients to bite in on their $1,000 credit line offer. 80% of their clients will lose for various reasons. Some for being a suck@ss in gambling, other's for being broke@ss degenerates. If you do the math, that's 800 potential loser's owing $1,000 of an illegitimate loan. Were talking about $800,000 dollars here.

Creditwagering will lose no where close to that amount if everything goes as plan. They probably have less than 50k in their reserves to sustain their business. They're trying to make millions with really no backing. If their threats of collection or beating your @ss is enough to scare a fraction of that 800 number, were still talking about $200,000 to $400,000 dollars in profit money here.

The is just fvcking pure brilliance on their part, I'm fvcking amaze

[SBR Lou]

Less than 50k in reserve to cover their biz? Yeah right.

They've easily paid off that amount so far to winners. You don't think more than 50 players have cashed out? How could you think they are so low funded and continue to pay?

[Richkas]

Everyone must be curious as to why CreditWagering.Com is running a business that at first sight appears to be manage very poorly by a bunch of clowns. I actually see some genius thinking in their master plan to dominant the online sports world.

First of all, they're lending out make believe money known as credit to anyone and everyone. 80 percent of the folks who plays their will lose that entire $1000 balance within a month. The reason being is because of their extremely low straight wager limits. If your in the hole early, then you are basically f\*\*k. Even with their max limit if you ever get that far, is only $500 dollars. It would take a succession of quality picks just to get you back to square one if you were to lose. Because of their rules they have created a system that is know as the "revolving door".

The "revolving door" is the term they use on people stuck in the criminal justice system. Under this system your place in a situation that is designed to make you fail. Prison don't rehabilitate anyone, when inmates get paroled they can't find a job, and they end up doing things that got them there to begin with. They're always in a losing situation.

This is one theory in how CreditWagering.com will dominate the offshore galaxy. Get about a 1,000 plus clients to bite in on their $1,000 credit line offer. 80% of their clients will lose for various reasons. Some for being a suck@ss in gambling, other's for being broke@ss degenerates. If you do the math, that's 800 potential loser's owing $1,000 of an illegitimate loan. Were talking about $800,000 dollars here.

Creditwagering will lose no where close to that amount if everything goes as plan. They probably have less than 50k in their reserves to sustain their business. They're trying to make millions with really no backing. If their threats of collection or beating your @ss is enough to scare a fraction of that 800 number, were still talking about $200,000 to $400,000 dollars in profit money here.

The is just fvcking pure brilliance on their part, I'm fvcking amaze

You hit it on the head brother. Thats why you take the free shot and move on. Before you pay them you would be stupid not to fund up a post up account where you can make some cash. When a gambler gets hot he should up his bets which is impossible over there.

[SBR Lou]

Thats why you take the free shot and move on.

you sound like such a scumbag.

you even have friends that been paid.

[diogee]

I have come to absolutely hate cw...your logic may be right on but I would imagine they would have started with a little over 50k if they planned on not failing and actually paying out.

[SBR Lou]

I have come to absolutely hate cw...

have you played there? or just cuz it's always talked about..

[diogee]

No I haven't played there but just tired of seeing thread after thread on CW.

[Shark79]

No I haven't played there but just tired of seeing thread after thread on CW.

Same here.

I felt interested at first ... but the 20934039458 threads ... made me a hater of the place

[SBR Lou]

Shark you a guy involved with industry..

when you see a player say things like just take a free shot, doesn't that make you lose respect for em? I mean everyone can say what they want, and I probably wouldn't give it much thought but Richkas even played there and is stiffing, and encouraging others..

that isn't classy, pretty low in morals..

[MJFtheGenius]

No one is paying CW

that is why they are making the stiffs pages

they have to be losing money right now

[fiveteamer]

SUPER stiffs aint even paying.

[ChuteBoxe]

Shark you a guy involved with industry..

when you see a player say things like just take a free shot, doesn't that make you lose respect for em? I mean everyone can say what they want, and I probably wouldn't give it much thought but Richkas even played there and is stiffing, and encouraging others..

that isn't classy, pretty low in morals..

Why do you constantly defend an industry that you don't work in, and constantly defend a company that you don't work for? Farmers in the United States are struggling, and getting screwed by the govt, but just because I eat their food doesn't mean I revolve my whole day around defending their honor.

[fiveteamer]

Yeah, Monsanto is ****ing over independent farmers. You should fight them instead of Richkas.

[Richkas]

Shark you a guy involved with industry..

when you see a player say things like just take a free shot, doesn't that make you lose respect for em? I mean everyone can say what they want, and I probably wouldn't give it much thought but Richkas even played there and is stiffing, and encouraging others..

that isn't classy, pretty low in morals..

Who's worried about class on the internet

[SBR Lou]

Why do you constantly defend an industry that you don't work in, and constantly defend a company that you don't work for? Farmers in the United States are struggling, and getting screwed by the govt, but just because I eat their food doesn't mean I revolve my whole day around defending their honor.

Because it affects me as I play there, and if one day they do close down it will be because of stiffs that sign up just to take shots. I like the book. Nobody that plays there has had any complaints, other than people that lost. Hell I've lost and I still do the right thing. I guess I figured more people on the forum would too.

[Richkas]

Why do you constantly defend an industry that you don't work in, and constantly defend a company that you don't work for? Farmers in the United States are struggling, and getting screwed by the govt, but just because I eat their food doesn't mean I revolve my whole day around defending their honor.

He's a idiot. Ignore him.

[Shark79]

Shark you a guy involved with industry..

when you see a player say things like just take a free shot, doesn't that make you lose respect for em? I mean everyone can say what they want, and I probably wouldn't give it much thought but Richkas even played there and is stiffing, and encouraging others..

that isn't classy, pretty low in morals..

In a serious note.

I hate shot takers, period. There just looking for easy ways to beat the system.

CW is really complex ... there new first off ... secondly they do the complete opposite every other online book has been doing for the past 20yrs? So .. it really doesnt sink in for the old dudes that are use to the "old system" ... far off I do believe CW has a potential in succeeding ... yet again ... there structure has some big holes IMO.

I really dont think anyone here has taken a serious shot at 'em ... if they have ... its really up to 'em an there morals ...

[flyingillini]

Why do you constantly defend an industry that you don't work in, and constantly defend a company that you don't work for? Farmers in the United States are struggling, and getting screwed by the govt, but just because I eat their food doesn't mean I revolve my whole day around defending their honor.

Amen!

[ChuteBoxe]

Because it affects me as I play there, and if one day they do close down it will be because of stiffs that sign up just to take shots. I like the book. Nobody that plays there has had any complaints, other than people that lost. Hell I've lost and I still do the right thing. I guess I figured more people on the forum would too.

Good answer. The right thing is to pay your bills. I definitely agree with that. That's not what I'm talking about though. I don't know man, every thread I see from you lately is defending cw's honor, or talking about the inner-workings of the industry. It's like a broken record lately. We all know CW reads the forums here, why doesn't an owner or a manager from the company answer questions? I'd be much happier reading and hearing answers from someone who actually works for their company, instead of someone who's just obsessed with them.

[SBR Lou]

Good answer. The right thing is to pay your bills. I definitely agree with that. That's not what I'm talking about though. I don't know man, every thread I see from you lately is defending cw's honor, or talking about the inner-workings of the industry. It's like a broken record lately. We all know CW reads the forums here, why doesn't an owner or a manager from the company answer questions? I'd be much happier reading and hearing answers from someone who actually works for their company, instead of someone who's just obsessed with them.

We're all certainly entitled to our opinions. To me, the broken records are guys like Richkas or guys like Cloak & Dagger that encourage people, in as many posts as I post my own feedback, to go ahead and stiff. In fact, probably 90% of my posts on this book are in response to those kinds of statements.

I just dislike stiffs. No motives, no obsession. Maybe it's just a character flaw.

[Richkas]

We're all certainly entitled to our opinions. To me, the broken records are guys like Richkas or guys like Cloak & Dagger that encourage people, in as many posts as I post my own feedback, to go ahead and stiff. In fact, probably 90% of my posts on this book are in response to those kinds of statements.

I just dislike stiffs. No motives, no obsession. Maybe it's just a character flaw.

I hate to be your neighbor. You would be calling the cops all the time.

[SBR Lou]

I hate to be your neighbor. You would be calling the cops all the time.

That's not true bro, I'm not a 'rat'.

It's just a gambling thing I guess, I don't know. I try to keep my word on crap. None of us are perfect but I just think if you're going to take a shot at a book, any book, that you shouldn't brag about it publicly. It's not really cool.

[ChuteBoxe]

There is nothing wrong with disliking shot-takers. We definitely are all entitled to our opinions. On the other hand, it's not my business what decisions other people make in their lives. The same should go for you. For instance, I like Bookmaker. Plenty of people here do not. Do I post in every single thread about their company? Do I brag about how great they are? How they get around the funny name sounding thing? Do I have day-long arguements about people who dislike them? Just admit that you work for the company, and people will respect what you have to say more, instead of thinking you have a crush on them.

[MJFtheGenius]

I heard about a guy who owed CW $135

they came to his house and broke both his legs

[Bet Shooter]

In a serious note.

I hate shot takers, period. There just looking for easy ways to beat the system.

CW is really complex ... there new first off ... secondly they do the complete opposite every other online book has been doing for the past 20yrs? So .. it really doesnt sink in for the old dudes that are use to the "old system" ... far off I do believe CW has a potential in succeeding ... yet again ... there structure has some big holes IMO.

I really dont think anyone here has taken a serious shot at 'em ... if they have ... its really up to 'em an there morals ...

Do YOU think these guys can make it long term? Is their model based on that revolving door theory from another poster? Also do you really think they got started with such little capital? Is it possible they are using a Pay Per Head type service as a GIANT agent type and surviving that way? I am curious to hear from an industry insider. That is why am asking all these questions to you. Thank You in advance.

[Richkas]

I heard about a guy who owed CW $135

they came to his house and broke both his legs

I heard the same thing.

[Bill Dozer]

First of all, they're lending out make believe money

That money turns into real money for a "Super Stiff." It's a free-play bonus with a cash value for any dishonest person who wants it.

A small group of scammers can ruin a book and have in the past. Risk Mgt. is a key part of bookmaking online. There is a reason why CC companies don't give cards to just everyone. If the general public paid at a rate high enough to be profitable there wouldn't be application denials and interest rates. Banks would sit back and enjoy the % points on every purchase. This book will not be offering credit to the general public through football.

[daggerkobe]

I'll be surprised if CW is still around in a year. Any business model that relies on the honor system is doomed to fail especially when 99% of their clientele are the drecks and lepers of the gambling world: those who have already blown their lifes savings and maxed out their ************.

They are lucky if even 5% of the stiffs settle, while 100% of the winners want their money. Unless they have a large cash reserve they will run out of cash sooner or later since no post up player would be foolish enough to play there.

[zerocage]

please give us another thread on CW