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djefferis

djefferis

Joined
Jan 8, 2024
Messages
2,838
What makes you think the established operators are flush with cash ?

It’s all a giant illusion overall - as long as there is inflow - the ponzi continues. Eventually something disrupts and boom goes the dynamite.

How many legacy books are no more - Cascade, WSEX, ViP/Nine.com off the top of my head all closed after being around 15+ years all with player funds. BetEd did too didn’t they.
 

patrickbateman

patrickbateman

Joined
Jul 11, 2024
Messages
1,570
What makes you think the established operators are flush with cash ?

It’s all a giant illusion overall - as long as there is inflow - the ponzi continues. Eventually something disrupts and boom goes the dynamite.

How many legacy books are no more - Cascade, WSEX, ViP/Nine.com off the top of my head all closed after being around 15+ years all with player funds. BetEd did too didn’t they.
Bet Islands when SBR knew the book was financially unstable but still told people it was safe.
 

djefferis

djefferis

Joined
Jan 8, 2024
Messages
2,838
Bet Islands when SBR knew the book was financially unstable but still told people it was safe.

Who and what SBR knew remains debatable - but agree they likely knew the ship was taking on water and continued to say “all is well” to avoid a run on the bank.

The books are a giant pyramid scheme - as long as someone is standing behind them knowing long term they will profit - we never know anything is wrong.

It’s pretty well documented for example at one point BetOnline was financed by several crime families. Bookmaker is another who had some rather suspicious partners at times too. Again - these are the types of originations for whom spending a million is nothing - as long as they know their getting a million back plus.

Offshore is a neat and tidy money laundry for some too. Money only has value when you can spend it. Hard to just convert millions into crypto without catching some governments watchful eye - but when people send you crypto - it’s much easier to avoid raising eyebrows.
 

patrickbateman

patrickbateman

Joined
Jul 11, 2024
Messages
1,570
Who and what SBR knew remains debatable - but agree they likely knew the ship was taking on water and continued to say “all is well” to avoid a run on the bank.

The books are a giant pyramid scheme - as long as someone is standing behind them knowing long term they will profit - we never know anything is wrong.

It’s pretty well documented for example at one point BetOnline was financed by several crime families. Bookmaker is another who had some rather suspicious partners at times too. Again - these are the types of originations for whom spending a million is nothing - as long as they know their getting a million back plus.

Offshore is a neat and tidy money laundry for some too. Money only has value when you can spend it. Hard to just convert millions into crypto without catching some governments watchful eye - but when people send you crypto - it’s much easier to avoid raising eyebrows.
But forums like SBR and BMR protect their cash cows while fucking over the average Joe. Bovada.lv stole $4,000 from me. Filed a complaint with BMR. Crickets.
 
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