stuckinvegas said:
Like I keep trying to point out, the DOJ collasped there US infrastructure. You guys will understand what I mean by Dec. Its a interdependent and interconnected buisness. IF they did stay in buisness there ablity to advertise plus several other back of the house type things has been severly compromised. Problems in the chain have already showen up.
You will hear about it in the coming weeks.
im having a little trouble believing the rx will cover deposits,
i think the rx is great at helping resolve issues with members and whatever book they are having issues with, however, i dont see how they can possible insure account,
1 they cant verify your balance with bos, every poster could say they have an accout with bos and they would have no way of proving it as bos will not give any information out without account number and password
to say that they will cover your deposit just seems a bit over the top, shame on you RX
ucking:
i think the rx is great at helping resolve issues with members and whatever book they are having issues with, however, i dont see how they can possible insure account,
1 they cant verify your balance with bos, every poster could say they have an accout with bos and they would have no way of proving it as bos will not give any information out without account number and password
to say that they will cover your deposit just seems a bit over the top, shame on you RX
ucking:
There seems to be some hostility because the Rx has not covered these deposits already. Whether or not BOS is going to repay everyone owed is still unclear, we only have their stated intentions to go on at this time. Until it is clear that BOS is not going to repay, you can't expect the Rx to cover these deposits in advance. What if the Rx refunded everyone, and then BOS decides to pay? Will all the posters give their money back to the Rx?
See the dilemma?
See the dilemma?
xpanda said:
I for one appreciate from the tone of these Mod posts that it does not appear the Rx will be requiring data posters will obviously not be able to provide, such as a "screenshot" showing their balances, a printout of all their plays, etc.
Other watchdog sites across the street have tried to weasel out of default guarantees in the past by making up such rules AFTER the book goes down (and posters can't access their accounts to get that data) in the past. I think thats what people are worried about.
Good for you Rx, you might be the only "honest" watchdog site around that will allow posters to prove their deposits using extrinsinct sources such as neteller records, WU deposit slips, etc.
deucedeuce said:
I really don't think the Rx would continue to talk about the guarantee unless they were at a minimum considering to cover it. If BoS doesn't pay, and I don't think they will, the Rx will be morally obligated at a minimum to cover the guarantee. If they re-nig on the guarantee, their credibility will be zero. I'm sure that is the last thing the Rx wants to have happen.
I may be wrong on how many RXers have money at BOS. I was clearly wrong about the $2000 average based on people having $58K, etc.
I do not spread doom and gloom. BOS spreads doom and gloom by not paying people. I spread likeliness. If Mansion or someone put up odds on all BOS players being paid within 2 years, I think the yes would pay at least 10/1.
When someone puts money at a sportsbook, they expect that as long as they follow the rules, they can have their money any time they wish.
Not receiving it for 1.5-2 months is a stiff job regardless of reason. The bottom line is BOS is stiffing customers. Right now, if you have money at BOS and that money matters to you, you can not have it. BOS has given a no pay to millions of people. Maybe they will change that, but as of now, this is a no pay.
TheRX guaranteed posters who posted up at BOS. TheRX said they would cover posters who were not paid. TheRX did not make any claims about how a no pay would have to go on for months or years before the guarantee would kick in.
I do not care if forums guarantee books and I actually think it is a bad idea. It is also probably illegal depending on where the forum resides (There are a lot of laws about being an insurance company)
That being said, offering a guarantee and not covering it brings a bad name to the industry just like a book not paying customers.
Worse yet than simply not paying a guarantee is to not make any statements that are set in stone.
TheRX has said they will follow the guarantee if and when BOS does not pay. I asked that someone set a deadline - like a year. No one has done so. Right now, the posters who had a guarantee are in the dark.
If theRX intends to cover the guarantee they made, they should make a statement to that effect -
For example:
TheRX will pay players who signed up with BOS during the guarantee period their amount owed on ____ date if BOS has not paid them at that time.
If theRX does not intend to pay the guarantee in light of the DOJ interfering, they should just say so.
Sitting in the middle is exactly what BOS is doing - we'll pay sometime...
Last post I will say on the topic, but as of right now, any future guarantee or endorsement made by theRX has no value in my opinion.
-Sean
I do not spread doom and gloom. BOS spreads doom and gloom by not paying people. I spread likeliness. If Mansion or someone put up odds on all BOS players being paid within 2 years, I think the yes would pay at least 10/1.
When someone puts money at a sportsbook, they expect that as long as they follow the rules, they can have their money any time they wish.
Not receiving it for 1.5-2 months is a stiff job regardless of reason. The bottom line is BOS is stiffing customers. Right now, if you have money at BOS and that money matters to you, you can not have it. BOS has given a no pay to millions of people. Maybe they will change that, but as of now, this is a no pay.
TheRX guaranteed posters who posted up at BOS. TheRX said they would cover posters who were not paid. TheRX did not make any claims about how a no pay would have to go on for months or years before the guarantee would kick in.
I do not care if forums guarantee books and I actually think it is a bad idea. It is also probably illegal depending on where the forum resides (There are a lot of laws about being an insurance company)
That being said, offering a guarantee and not covering it brings a bad name to the industry just like a book not paying customers.
Worse yet than simply not paying a guarantee is to not make any statements that are set in stone.
TheRX has said they will follow the guarantee if and when BOS does not pay. I asked that someone set a deadline - like a year. No one has done so. Right now, the posters who had a guarantee are in the dark.
If theRX intends to cover the guarantee they made, they should make a statement to that effect -
For example:
TheRX will pay players who signed up with BOS during the guarantee period their amount owed on ____ date if BOS has not paid them at that time.
If theRX does not intend to pay the guarantee in light of the DOJ interfering, they should just say so.
Sitting in the middle is exactly what BOS is doing - we'll pay sometime...
Last post I will say on the topic, but as of right now, any future guarantee or endorsement made by theRX has no value in my opinion.
-Sean
ppeter said:
My understanding (and it's only an understanding, so please don't take this as gospel) is that we would refund deposits only, and that this information is easily verifiable through the payment method the poster chose. There might be difficulty if the poster used a non-online payment method, but I would think a scan/fax could rectify that.
But it needs to be reiterated that the Rx would be out of its mind to refund deposits without knowing with 100% certainty that BOS is not going to pay. And we have no control over the timing of that information, unfortunately.
THERE IS a HUGE line ahead of you Ppeterppeter said:XPanda, I think I love you. By far the most sensible thing posted regarding this sitution.
Desethi,Skinsraj, Dante, Joeyfitzclick ,akillies , redeye just to name a few but your a single man so there is hope for you if you can get past sethi and skins and Joey:grandmais
xpanda said:
in your scenario one wouldnt even need to have a balance at BOS to collect. showing a neteller deposit to BOS is close to worthless.
hopefully rick or someone verified our balances when the phone lines were up
while it doesnt matter to me as my deposit is pretty much my balance but adding the word "deposit" to the guarantee after the fact is kinda convenient. next it will show up as your last deposit. then who knows
