The Major said:
Clip, respectfully, you are dead wrong. Aces Gold was one of the most respected sportsbooks on the planet 2 weeks before they went under. They had a reputation and size similar to Pinnacle and Olympic.
I am not sure why you are against covering people in case a book goes broke, makes no sense to me. Sorta like saying dont wear a seatbelt cause the car is made of steel.
I wasn't around for Aces Gold and don't know much about them...but reputation and stability is the only reason a book should be promoted.
If a book like Olympic, CRIS, 5Dimes, Skybook, Pinnacle, Hollywood, BoDog, or VIP went down, I would not blame whoever referred me to them. Why would someone need to give me insurance to play with them? It isn't their fault they sent me to a shop that is documented and proven themselves to be financially stable and with owners that have never stiffed anyone in their lives.
Now if someone needs to dangle some insurance money in front of me to get me to deposit at a book with a poor reputation...documented slow pays...an owner that has already proven to be a stiff...well, then I would be concerned. Then it is more about the site trying to get as much advertising money as possible.
I prefer due diligence in finding the most reputable books over insurance any day of the week. What is $1500 going to do for players with large balances?
Give me safety and security any day over "insurance". Very strange comparison as to seat belts...I would compare it more to taking "insurance" at the blackjack table.