MyBookie stiffing a player for $85,000?

[TheGeneral+]

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".

Clip, I assure you that this is news to me. There were some threads posted by the troublesome Lou Diamond I seen, but I cannot take his word with his supposed agenda. John knows how to contact me. We have worked together before. He will read this. I publicly ask that he send this player to me. Mybookie has been contacted by myself and now I will do what i can to help if we have a case.

Seek first to understand, and then to be understood is all I can do.

 

[ClipJoint]

Without a doubt General, I do not question you or your motives. That is why I asked to get your opinion on the situation.

 

[BooksWorstEnemy]

So the book is claiming that the guy who won all the money did it by cheating. And the way he cheated was by being friends with an employee at the book who was setting the lines.

Ok...very simple to solve. Compare the betting line that the player booked the wager at with the lines posted by other books. Places like scoresandodds.com have the spreads and totals for all major sports recorded for several years back. If the player was getting point spreads that don't jive with what was being wagered on, the player is busted.

Very easy to prove. I think my bookie is guilty until proven otherwise.

On the other hand, the player must have had some motivation to leave that much cash on account with one sportsbook. Perhaps he was just naive, but common sense says that if you are going to keep that kind of money with sports books, you spread it out amongst at least three or more books.

If the player can prove that the lines he wagered on were the going rate lines, mybookie is stiff.

Later,
Books Worst Enemy

 

[stomie]

Who in their right mind sends $125,000 to some crap book? I guess I'll never understand how someone could afford to risk that much money.

 

[ClipJoint]

That part didn't make much sense to me either...how difficult would it be to figure out if he was getting different lines than everyone else? That seems pretty cut and dry to me.

 

[TOW]

Mybookie spokesman ( Alex Powers ) stated that the player sent 20K. The remainder of his balance are winnings.

Both Mybookie and the player confirmed that he was allowed to wager over the limits on baseball money lines.

 

[ClipJoint]

Is that where the foul play is considered? Wagering over the limits? If that is the case, wouldn't he just be entitled to the plays up to the limits? If that is where the linesmaker stepped in, I can see MyBookie's side.

 

[RPM]

So the book is claiming that the guy who won all the money did it by cheating. And the way he cheated was by being friends with an employee at the book who was setting the lines.

Ok...very simple to solve. Compare the betting line that the player booked the wager at with the lines posted by other books. Places like scoresandodds.com have the spreads and totals for all major sports recorded for several years back. If the player was getting point spreads that don't jive with what was being wagered on, the player is busted.

Very easy to prove. I think my bookie is guilty until proven otherwise.

On the other hand, the player must have had some motivation to leave that much cash on account with one sportsbook. Perhaps he was just naive, but common sense says that if you are going to keep that kind of money with sports books, you spread it out amongst at least three or more books.

If the player can prove that the lines he wagered on were the going rate lines, mybookie is stiff.

Later,
Books Worst Enemy

you wouldnt say the book is guilty untill proven innocent if you had seen all the scams players have tried to pull on books....

 

[BooksWorstEnemy]

Lots of books have rules that clearly state that if you make a bet that is out of line with the going rate, in other words, they screw up when setting the lines and you pounce on it, the bet is void. Wagermall (aka BOS) was very clear about this with money lines in CFB. If the point spread was 8 and they accidentally posted the money line at -105 on the favorite and if you jump on it, they will cancel the bet if they figure it out. Personally, I've never seen any book make an error like that, but I guess it could happen. People are human.

I think mybookie is stiff until it is proven otherwise. I will be watching this thread to see what happens.

Later,
Books Worst Enemy

 

[TOW]

According to Mybookie all wagers over the limit were approved. They also said that there was no record of past posting nor losing bets being deleted.

 

[JohnBuzz]

This player did not cheat. He was their biggest player for nearly 2 years. He called in all his plays. He was watched like a hawk. The owners of GCS lived and died on every score update of each of his plays. He was a whale that got hot and GCS suggesting he did something improper (besides winning) is ludicrous. Does anyone really think a guy calling in $10,000 phone plays at a square book slips through the cracks? No.

 

[truthteller]

I think Mybookie thought this guy would lose it all back and more so they decided to let him play.

The trouble was he got on a long winning streak and asked for a payout.

 

[ClipJoint]

Truthteller...I think I am with you on this one. I have a hard time figuring out how a linesman can help a player win $100k when his plays are being watched if he is calling them in for over the limit. Plus the guy was with them for 2 years? Wow.

I am assuming he lost to them overall in the previous 2 years or they wouldn't have been letting him play those amounts.

 

[Holysmoke+]

mybookie :shoot3:

 

[RPM]

i think we REALLY need to hear mybookies side of the story.

 

[aceduecetrey]

i think we REALLY need to hear mybookies side of the story.

I agree, but this has been goig on for awhile now, where are they?

 

[TOW]

This is what Alex Powers, Mybookie's spokesman, posted at my forum :

<TABLE cellSpacing=0 cellPadding=0 width="98%" align=center border=0><TBODY><TR><TD class=msgThreadInfo vAlign=bottom noWrap height=20> Posted 5/14/2005 12:24 PM (GMT -5) </TD><TD class=msgThreadInfo style="BORDER-RIGHT: buttonshadow 1px outset" vAlign=bottom noWrap align=right height=20>http://www.towforum.com/default.aspx?r=bu&f=5&m=1190http://www.towforum.com/default.aspx?r=bi&f=5&m=1190http://www.towforum.com/default.aspx?r=e&f=5&m=1190http://www.towforum.com/default.aspx?r=d&f=5&m=1190http://www.towforum.com/default.aspx?r=q&f=5&m=1190http://www.towforum.com/default.aspx?r=mi&p=65&f=5&m=1190http://www.towforum.com/default.aspx?r=aa&f=5&m=1190</TD></TR><TR><TD class=msgThread1 style="BORDER-RIGHT: buttonshadow 1px outset; HEIGHT: 170px" vAlign=top colSpan=2><TABLE height="100%" cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=msgThread1 vAlign=top height="100%">

Hello,



Since I was the one at the company who was responsible for this case I will state just the facts from our side .

the player was paid out over 250k prior to the final payment of 40k (total 290k) total deposits of approx 20k
The players entire balance of 125k was sent to our Lawyers Escrow prior to any settlement arrangement
the lawyer handled the entire case to maintain integrity for both parties


The Player has a history of CC chargebacks (although they were settled through later deposits)
the player was not asked to roll over his balance to "give the book a chance"
the player was suspected of winning irregularities and was told that his play would be monitored prior to withdrawing any more funds.
the player opted to take a cash payment rather than be subjected to scrutiny.
the player admits and attests to in a notarized document that irregularities may have occured.
the player was not forced coericed or otherwise

Now that the player has nothing to lose he is claiming foul and violating the terms of the agreement in which we now have the right to sue for damages.


Alex Powers
</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>

 

[RPM]

tow,

is that info verified? if what my bookie is saying is true, then i really dont see an issue here at all.


"the player admits and attests to in a notarized document that irregularities may have occured."



thats all that needs to be said really isnt it?

 

[TOW]

As far as the player "admitting" irregularities this is the quote of the settlement contract the player claims having been forced to sign :

there is no additional document , it is contained within the agreement that the player signed and notarized that he was aware of "winning irregularities". (I believe paragraph 5)

I do believe this covers it.

"I agree that nothing shall preclude XXXXXX from proceeding further in the investigation of possible winning irregularities of which possibility I am aware, however, this Agreement constitutes a final mutual and reciprocal receipt, release and discharge between us in respect to all of our past dealings up to the date hereof."



Best Wishes,

Powers

 

[ChuckSims]

I believe his story. To stiff a bettor, the sportsbook of course will lie to justify the stealing of his money. This is a clearcut case of robbery. MyBookie should not be allowed to advertise here. The fact that MyBookie admits to ripping this guy off by settling for 30 cents on the dollar speaks volumes. It reminds me BetonSports ripping a player off by settling for pennies on the dollar. BOS excuse was that he bet over the limit.