Tow Article About Mansion.

[nimue77]

Whatever, the canbet story is old news and I dont think it matters a bit at this point. Mansion has earned a good reputation thus far. Not only do they always pay quickly, they do it free of charge! And while they dont list a phone number like pinnacle, their email service is top notch and they will call you anytime you ask. It never hurts to have the main owner on the forbes 500 either. I think you worry a bit too much. I feel much more comfortable at mansion than I would at books like millennium or mybookie.

I have always said i am a stubborn old goat, who has very little patience for gimmicks and things that set off red flags in my brain. People hate me for that. But in this online gambling world, you will have a very short life span if you go believing everything you read and jumping on every band wagon even when there is no clear objective as to what the heck you are trying to achieve!!!

Case and point, this new "flava of da month" book called mansion that every one is raving about! I didnt really give a ratsass about this book until some one from covers dared me to find some dirt on the book because i was warning people to go do some research before buying into hype from some poster with questionable motives. This is what i came up with from TOW!!!! Its an old article from 2004 but speaks volumes as to the potential mine field people might be walking into with the backing of several Rx members who seemingly cant provide any genuine reasons as to the claims they make (outside of the fact that they too are members of the book. I guess some people might take comfort in knowing that if this this thing explodes in their faces then they will go down with other members of this forum)









Now this is an article from 10/2004, but i feel it provides very solid pertinent information to the kind of situation people may be walking into here...

Be very careful signing up for books like this (as is recommend by TOW) and dont do things because XXXX said its a smart move. One thing you can be very positive of, is the fact that no one of this board will reimburse whatever money you "may" lose joining this book!!!

Those are the facts let people decide what to do for themselves




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[Santo]

In addition -- they do have a number, as I called them not 2 days ago...

Also their site isn't down for me. Likely a US-Facing router issue outside of their control.

 

[winbet]

<TABLE cellSpacing=1 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=GlobalThreadHeading width="100%"><TABLE cellSpacing=0 cellPadding=2 width="100%" border=0><TBODY><TR><TD class=GlobalThreadHeading></TD><TD class=GlobalThreadHeading width="100%"><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=GlobalThreadHeading width="50%">Betfair Customer Services</TD><TD class=GlobalThreadHeading align=right width="50%">17 Nov 15:01</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR><TR><TD class=GlobalThreadBackground width="100%"><TABLE cellSpacing=0 cellPadding=2 width="100%" border=0><TBODY><TR><TD class=GlobalThreadBackground>

</TD><TD class=GlobalThreadBackground width="100%">In light of Sporting Options, there has been a lot of discussion on the forum about “ring-fencing” accounts and the safety of your money with us. We would like to reiterate that Betfair is the industry leader in protecting customer money and to explain the steps that we take to ensure that your money in your Betfair account is absolutely safe.

Your money is held in a legal trust with our bank, the Royal Bank of Scotland. It is in an account that is separate from Betfair’s company funds. The assets of the trust - your money – are protected by the law of equity. The trustee of the trust is a separate company called The Sporting Exchange (Clients) Limited, which does nothing other than administer the customer bank account.

In law, any transfer of trust assets that is outside the authority of the trustee can be traced and recovered from whoever has received them. A legal trust cannot be broken by any liquidator or receiver of Betfair because their rights would only relate to the assets of Betfair itself as opposed to the separately administered trust funds.

The account which holds your money is called TSE Clients and it is rigorously audited by KPMG, one of the big four global accountancy firms. TSE Clients can only use the trust money to pay winning punters, commission to Betfair, transaction fees to the Royal Bank of Scotland and pay money back to Betfair customers whenever they request it.

The Royal Bank of Scotland treats the customer account as money that is subject to a legal trust.

In our recently released annual report, for the year to April 30 2004, client funds in the trust account stood at £66m, which is a testament to the faith which you and all of our customers have in us. As a result you can bet with Betfair in absolute confidence.






</TD></TR></TBODY></TABLE>BETDAQ believes that security is paramount. All customer funds are held in ring-fenced accounts and are further secured by a US$ 10 million bond which has been placed with Allied Irish Banks plc. When you deposit money, your card details are fully encrypted, and are not stored by BETDAQ unless you specifically request the facility.


No such committment from Mansion yet, and until they do, no matter what anyone says, your money is not safe.
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[sportsbet]

<TABLE cellSpacing=1 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=GlobalThreadHeading width="100%"><TABLE cellSpacing=0 cellPadding=2 width="100%" border=0><TBODY><TR><TD class=GlobalThreadHeading></TD><TD class=GlobalThreadHeading width="100%"><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=GlobalThreadHeading width="50%">Betfair Customer Services</TD><TD class=GlobalThreadHeading align=right width="50%">17 Nov 15:01</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR><TR><TD class=GlobalThreadBackground width="100%"><TABLE cellSpacing=0 cellPadding=2 width="100%" border=0><TBODY><TR><TD class=GlobalThreadBackground>

</TD><TD class=GlobalThreadBackground width="100%">In light of Sporting Options, there has been a lot of discussion on the forum about “ring-fencing” accounts and the safety of your money with us. We would like to reiterate that Betfair is the industry leader in protecting customer money and to explain the steps that we take to ensure that your money in your Betfair account is absolutely safe.


Your money is held in a legal trust with our bank, the Royal Bank of Scotland. It is in an account that is separate from Betfair’s company funds. The assets of the trust - your money – are protected by the law of equity. The trustee of the trust is a separate company called The Sporting Exchange (Clients) Limited, which does nothing other than administer the customer bank account.

In law, any transfer of trust assets that is outside the authority of the trustee can be traced and recovered from whoever has received them. A legal trust cannot be broken by any liquidator or receiver of Betfair because their rights would only relate to the assets of Betfair itself as opposed to the separately administered trust funds.

The account which holds your money is called TSE Clients and it is rigorously audited by KPMG, one of the big four global accountancy firms. TSE Clients can only use the trust money to pay winning punters, commission to Betfair, transaction fees to the Royal Bank of Scotland and pay money back to Betfair customers whenever they request it.

The Royal Bank of Scotland treats the customer account as money that is subject to a legal trust.

In our recently released annual report, for the year to April 30 2004, client funds in the trust account stood at £66m, which is a testament to the faith which you and all of our customers have in us. As a result you can bet with Betfair in absolute confidence.







</TD></TR></TBODY></TABLE>BETDAQ believes that security is paramount. All customer funds are held in ring-fenced accounts and are further secured by a US$ 10 million bond which has been placed with Allied Irish Banks plc. When you deposit money, your card details are fully encrypted, and are not stored by BETDAQ unless you specifically request the facility.


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Didn't PanAm have a bond too?

sb

 

[ClipJoint]

Didn't PanAm have a bond too?

sb

Bonds are useless...the bottom line is, if someone wants to stiff, they will stiff.

 

[TOW]

Clip,

With all due respect I disagree with your statement. If it hadn't been for the second Betpanam bond, 43 players would have never received 235K.

 

[ClipJoint]

Clip,

With all due respect I disagree with your statement. If it hadn't been for the second Betpanam bond, 43 players would have never received 235K.

Where did the first bond go? To pay for all of the watchdog sites hookers while the partied away with those young prostitutes?

 

[TOW]

The first bond, an insurance policy, had expired by the time the Govt finally decided to move. This is why there was pressure to have a new bond issued back in June 04. The amount of the bond, guaranteed by Betpanam's shareholders collaterals, was less cause available collaterals would not support a higher amount.

 

[ClipJoint]

The first bond, an insurance policy, had expired by the time the Govt finally decided to move.

Understandable since BetPanAm was around so long.

 

[ClipJoint]

By the way TOW, I rarely respect or agree with much that you say or do, but what you did for the Pan Am players was awesome. It was your tireless effort that got some of the players paid.

The way SBR tucked their tail and ran from that situation was embarassing after the fun they had with the Pan Am people.

 

[pier0]

I have had some good conversations with people involved with or close to Mansion, but mostly "off the record". I get the sense the owner is who everyone has speculated it is, but due to his Indonesian background (world's largest Muslim country) and his other business interests, he just won't make that declaration for business reasons.

I don't think that is the reason...the guy declared his involvment in the gambling business when he bought two casinos in Russia...

 

[sportsbet]

The first bond, an insurance policy, had expired by the time the Govt finally decided to move. This is why there was pressure to have a new bond issued back in June 04. The amount of the bond, guaranteed by Betpanam's shareholders collaterals, was less cause available collaterals would not support a higher amount.

That fiasco should've been avoided Robo.

sb

 

[winbet]

Regardless of your views, all these books are taking the piss out of you. Until posters on sites like this take a stand, you are all cannon fodder ( I say you, because it doesnt happen to me ) If posters got together and isolated one book, withdrew funds, did not bet for Two weeks and demanded some sort of safe net, things would change bigtime. So, instead of complaining, make a list, post it, and stand by it.

 

[Santo]

WinBet: I see it as Risk/Reward. I'm taking into account the risk of the book failing, in return for getting better odds, and in the knowledge that I have various options if the book was to fail -- bailouts etc..

 

[winbet]

WinBet: I see it as Risk/Reward. I'm taking into account the risk of the book failing, in return for getting better odds, and in the knowledge that I have various options if the book was to fail -- bailouts etc..

Santo,
You come from a different enviornment that has a bit of history, we have been through the busted books syndrome years ago and act accordingly, like you say. This is an enviornment where posters actually post ( I still cant believe it) the merits of how good a book is. When are our US friends going to see the error of their way, maybe never. I am going to start by getting on anyones case who posts up, how good a book is and show them how (in their words) square they are.