MyBookie stiffing a player for $85,000?

[ClipJoint]

I am pretty new to posting on here even though I have followed/lurked for quite a while. I have really come to respect the site and especially The General and Shrink. With that being said, can I get your opinion on this MyBookie saga? This seems incredible that they are getting away with stiffing a player out of $85,000.

:monsters-

There always seems to be 2 sides to every story and since they are an advertiser here, maybe they can share their side. If not, these guys should not be allowed to advertise anywhere, let alone the most respected sports gambling forum online in my opinion.

Not trying to stir up trouble...this just seems mind boggling if they really are stiffing a player for that much money.

Thanks guys.


<TABLE borderColor=#ffffff cellSpacing=0 cellPadding=0 width=0 bgColor=#ffffff border=1><TBODY><TR><TD class=mainbox>

5.25.2005 (12:36 PM CST) ​

</TD></TR></TBODY></TABLE>SBR COSTA RICA OFFICE REPORTS: GrandCentral Sports(SBR rating D+) dba Mybookie proves why private oversight of the offshore sportsbook industry is insufficient to protect players.
MyBookie forced a player, allegedly by suggesting they may stiff him out of his entire balance, to accept .30 on the dollar, a move that cost the player $85,000. Except for SBR and little known TOW, none of the so-called player advocate sites have even reported this incredible theft. This is easily the largest sportsbook theft case of 2005. Lawmakers in North America will undoubtedly use this theft as an example of how vulnerable players are to unregulated sportsbooks. SBR has repeatedly called for GCS to pay the player or show cause why he should not be paid. Sources in Costa Rica have told SBR that because the only major website that took up the players’ cause was SBR that GCS felt they got away with minimal backlash.

However, many respected operators here in Costa Rica are disgusted with the forced theft. One operator complained publicly and privately that even SBR was not doing enough to pressure this book to settle in full with the player. Operators here recognize that these types of theft will be the beginning of the end for the sportsbook industry.

SBR’s position is clear: Pay the player or show cause as to why $85,000 was confiscated. Failure to do so will result in the possibility of an SBR Scam Warning press release as well as a possible downgrade to the SBR Blacklist.

 

[Noreaga+]

SBR’s position is clear: Pay the player or show cause as to why $85,000 was confiscated. Failure to do so will result in the possibility of an SBR Scam Warning press release as well as a possible downgrade to the SBR Blacklist.



OH shitt !! I bet thats got em shakin in their boots.

 

[TheGeneral+]

I would be glad to get involved if it is true, but I need to be contacted by the player 1st.

 

[SteveMcGarrett]

Noreaga
:lolBIG:

 

[ClipJoint]

:lolBIG:

Yea...I am sure that would make me cough up $85k too.

I take everything I read on these "watchdog" sites with a grain of salt. That is why I was hoping to get the opinions here since they are an advertiser. It doesn't seem right for the industry for something like this to happen and yet they are allowed to advertise. I am wondering how there can be a dispute with such a large amount. If there was foul play, wouldn't it have been caught earlier than letting the guy run up a $100,000 winning streak?

 

[5teamparlay]

These threads end up in the rubber room at the RX, with no answer from MB, as they must have no relevance.

Thanks in advance for the rubber room move!!!

 

[ClipJoint]

My response with the LOL and mocking them giving up the $85k was in reference to Noreaga's post, not yours General. (just to clarify)

 

[5teamparlay]

The Rx has no way of contacting MB for a response, no phone number or e-mail.

 

[ClipJoint]

These threads end up in the rubber room at the RX, with no answer from MB, as they must have no relevance.

Thanks in advance for the rubber room move!!!

Not sure if you were being serious...but I would hate to see this moved. I don't think an advertiser should run from this accusation if they did nothing wrong. They advertise here so why not explain your side of the story?

 

[TOW]

TOW has been covering this story extensively in the past few weeks. Here is a short summary :

The player asked to withdraw his balance. Mybookie suspected the player had won consistently because of being in cahoots with one of their linesmen.

The player (Mybookie's lawyer confirms) was adamant in denying foul play.

Mybookie then proposed the player to rollover the balance 10 times before cashing out.

The player initially agreed (he states he had no other option), then reneged the agreement and asked to cash out again.

Mybookie then put him in touch with their lawyer. The lawyer proposed to settle for 40K or nothing.

The 40K amount was determined based on his original balance (125K) less 85K being Mybookie's estimate hold on the 1,250,000 rollover volume (7%).

The player states he was advised by his friends and other gambler he knows to take the 40K.

A conference call between the player, the lawyer and myself is scheduled for tomorrow afternoon.

 

[ClipJoint]

That makes a lot more sense than just saying MyBookie got beat by a guy and then only offered him .30 on the dollar.

 

[Slash]

SBR’s position is clear: Pay the player or show cause as to why $85,000 was confiscated. Failure to do so will result in the possibility of an SBR Scam Warning press release as well as a possible downgrade to the SBR Blacklist.



OH shitt !! I bet thats got em shakin in their boots.

You dont think that this will have any implications for the book at all??? I am quite sure that you are very mistaken then.

 

[royalfan]

I would be glad to get involved if it is true, but I need to be contacted by the player 1st.

Why is it essential to be contacted by the player first? You would think that the people running this site would want to find out what the hell is going on if they are going to allow mybookie to continue advertising? Baffles me that this has not occurred yet.

 

[TheGeneral+]

Operators here recognize that these types of theft will be the beginning of the end for the sportsbook industry.

Then I would hope these operators look into Warning lists on their websites so to inform as many gamblers as possible of ALL known Rogue operations so to HELP the industry instead of hanging out after hours with them in clubs drinking martini's and fucing whores as has been told here and really never disputed when reported.

MyBookie forced a player, allegedly by suggesting they may stiff him out of his entire balance, to accept .30 on the dollar, a move that cost the player $85,000.

Is this an allegation or a fact?

I am not standing up for the book or player here as I have not been contacted, but as stated, I would gladly try and help like the many other times I have did so, but I can't afford to put an ad in the New York Times looking for this player.

 

[ClipJoint]

I think SBR has a lot of power and it would hurt MyBookie a great deal if they were on the "blacklist" or listed as a "stiff book" by SBR. I have always wondered how much of an affect it has. Do you think it would cost them $85,000 worth though? That seems like a lot of money. If so, kudos to SBR for having so much influence on players.

 

[Noreaga+]

not enough that it would scare them into forking over 85 dimes

 

[TheGeneral+]

FWIW, as soon as this thread was put up, Mybookie has been notified, so hopefully they will get back to me.

 

[ClipJoint]

Is this an allegation or a fact?

I am not standing up for the book or player here as I have not been contacted, but as stated, I would gladly try and help like the many other times I have did so, but I can't afford to put an ad in the New York Times looking for this player.

With all due respect General (and you deserve all the respect I can convey...you seem to be a great man), isn't this something this site should know (allegation or fact) since they are allowed to advertise here?

Not trying to bust your balls...this just seems like one of the larger amounts I have heard about being labeled a "stiff".

 

[TheGeneral+]

SBR tries to do the right thing for the most part IMO.

 

[TOW]

There are two main issues to this case.

Mybookie has stated that they suspected foul play. However they also confirm that no formal investigation nor any finding in the player's history has been found to support their suspects ;

Mybookie's lawyer stated that the player willingfully accepted the transaction which, in his opinion, is final, therefore no further claims should arise. The player says, and he again repeated last night during a phone call, that he was given no option...either take the 40K or nothing. The lawyer denies duress.