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TOW
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   Posted 5/28/2005 8:48 AM (GMT -5)    Quote This PostAlert An Admin About This Post.
While we await confirmation that the player has indeed  received his payout, more information about this quite unique case is beginning to become accessible to the public.
 
The case originally started as a no pay. Between October and December 2004 the player had requested his payout which had been denied based on the book's suspects of foul play. The book had requested the player to give 10 times his balance worth of action before cashing out.
 
The player accepted the string but after losing between 60 and 70K decided to renege the deal and cash out. He was unhappy that the rollover requirement had been associated with lower limits.
 
In the effort of getting paid the player's friends put him in touch with Gambling911. Thanks to Sting the situation turned, at least, from a no pay into a partial payment (the now famous first settlement agreement).
 
More to come throughout the day....

Post Edited (TOW) : 5/28/2005 8:59:35 AM (GMT-4)

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TOW
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   Posted 5/28/2005 9:46 AM (GMT -5)    Quote This PostAlert An Admin About This Post.
Mybookie's legendary linesmaker Rick talks about the dispute case

These are the facts the way they happened in this case and all I want to do is set the record straight.

This gentleman in question sent a very small amount of money as a deposit; he got very lucky and ran it up to over 300,000 dollars. He was paid 250,000 dollars at various times. He remained playing and ran the money up again to about 180,000 dollars. I then started to work for this company and the first thing they asked me to do was to review this account and try to explain to them how this happened. I did look into the this gentleman’s account but I only looked as far as to see that he was a relatively moderate depositor and he was being given as much as15 to 25,000 dollars on any single event. I told the companies CEO, that in my opinion this guy was not a wise guy nor did he bet steam nor was he any type of player that this company does not cater to. I told them in my opinion he was allowed to over bet the limits and it was a very bad job of risk management by the head of their wagering department.

The gentlemen then took a break from wagering but didn’t request any more money, which was thought to be rather strange. He then came back in, after approximately 5 or 6 weeks and started wagering again. When he was told he was going to be held to house limits just like any other client he didn’t like it very well. He decided to make some wagers and he lost about 60 to 70, 000 of his winnings back. In my opinion he saw that he wasn’t going to be allowed to wager more than the house limits so he decided to take his money and run, so to say. I think this sent up a red flag to the owners that maybe he didn’t win this money fair and square. So I think that is what got the company to the point of bringing in a lawyer to handle this situation. I really don’t think there is any point, going into the, he said she said back and forth between the lawyer and the client.

I got brought into this by the company asking me to take a very hard look into the players records from as far back as I could go. I did do that today and I advised the company of my findings, although I am far from a computer expert, IMHO the client did nothing more than get lucky and win, although there was more than one person calling wagers in under this gentleman’s account. He did wager way over the house limits but that was not anyone’s fault but the person who was in charge of the wagering department, and believe me that was not me.

I believe that was what led the company to decide to pay this gentleman in full. All of this could have, and should have, been handled differently that would have prevented this from going this far, you live and learn. I have no doubt this gentleman will be paid the entire amount of his balance and I will be happy to have this over and behind us.

Rick

Mybookie

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stumpage
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   Posted 5/28/2005 10:55 AM (GMT -5)    Quote This PostAlert An Admin About This Post.
This topic is quite a good read, there's no doubt about that.....Rick's detailed and interesting explanation definitely sheds some new light on the situation, but for the average gamer like myself this continues to cast a dark cloud over the sportsbook industry, in my opinion at least.

It just seems to me that mybookie was dealing with a rich guy who got very lucky and milked them for a lot of coin. Don't sportsbooks consider that this might be a possibility? The house doesn't always win, which you'd think would be common knowledge in the industry. From everything I've read, this gentlemen was being treated with severe suspicion for no other reason than he was very lucky, or very good. That said however, Rick's point that multiple people called in to lay wagers for the 1 account certainly seems a little odd.

Anyway, just my 2 cents. Excellent topic and thanks for the continuous updates TOW.....
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TOW
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   Posted 5/28/2005 12:12 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
Thank you stumpage...
 
After being proposed the famous settlement agreement the player asked a few people he knew if he should have gone for it or not.
 
The majority of these people suggested (wrongly IMHO) to go for the "deal", since they believed the book might have not paid him (this proven to be a wrong assumption based on the latest developments).
 
After the deal was signed and sealed and payment was done, the same person (a highly respected individual in the industry) who had initially contacted Christopher Costigan knocked at TheRx door. It was March 1st.
 
This individual told Shrink "Had I known earlier that MyBookie was an advertiser of yours, I would have contacted you instead of Sting to get the matter resolved". "I was disgusted when I heard about the settlement and wanted to let you know so you could investigate further".He added.
 
Mike Nichols, Mybookie's mainman, confirmed to me that Shrink immediately called him to understand what was going on. However Mike informed him that the matter had already been settled through the "agreement" and the case had to be considered closed. Mike also shared his suspects of foul play.
 
Based on these information the case was dropped. It is my opinion that Shrink shall not be blamed for dropping the case. Based on the information he had received, and without a whole lot of missing details, most other mediators would have dropped the case as well.
 
At the very beginning of April, again the same person who had approached Sting and Shrink contacted me and told me about the case.
 
Knowing Mike Nichols in person I must admit I had a hard time to believe what I was being told.
 
I then asked the person to have the player share ALL his information, and said I would have verified with the book only once I had received ALL elements from the player's side.
 
I then received said information on May 3rd. Information received was covering the player's side of the story and contained a copy of the contract. At that point I began investigating the case.....
 
To be continued.
 
 
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TOW
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   Posted 5/28/2005 8:09 PM (GMT -5)    Quote This PostAlert An Admin About This Post.

At the very beginning of the coverage of this story I decided to mention the facts but not the name of the book.

This generated an extremely vital discussion at offshoregamblersdigest. This happened on May 4th. Hard for me to believe other forums had not "lurked" in. As a matter of fact The Major from MW jumped into that thread believing that the matter was concerning Royal Sports.

 
Between May 4th and May 5th I confronted the book with the situation. The book confirmed the story, but also mentioned their suspects about foul play. The book however confirmed they had no evidence to support such suspects.
 
On May 10th the book's main man stated "I stated that I would do whatever Rick and Ben and the Lawyer who handled the setllement would agree upon. I am staying out of it as I beleive he was paid in full previously."
 
The same day, May 10th, I talked to the book's lawyer. His position was clear: the player had willingfully entered a settlement agreement. The issue, in his opinion, was dealt with.
 
However the lawyer also said that this was his legal advise, but the final decision was to be taken by the book.
 
On May 13th SBR covered the story for the first time.
 
The book stopped responding.
 
On May 15th SBR covered the story for the second time.
 
On May 24th, after contacts through Mybookie's linesman, I was told that the book would have allowed a three way conference call between the player, the lawyer and myself. Object of the call was to determine if there had been duress or not.
 
The same day the entire situation dramatically escalated. MW posted this thread with the intent to minimize the issue and pretending that the player was a scammer:
 
 
On May 25th SBR posted its harshest comment about the story:
 
SBR said...
5.25.2005   (12:36 PM CST)
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(TheOffshoreWire), 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. More than one sportsbook operator has 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.
 
The same day the story was posted at The Prescription.
 
At the same time I was waiting to hear from Alex Powers, who was the person incharge to OK the three way conference call. His OK never came.
 
I was asked by Shrink to provide him the player's phone number, and so I did. Ken asked me to inform the player that he would have been calling him shortly, and so I did.
 
From this point onwards many details have become hard to put together.
 
On thing I know for sure. I called the player that night at around 11pm to verify that the situation had been solved.
 
I am not at liberty to disclose what I had been told. All I will say is that even half of that is true even the most navigated man would feel like puking. As a matter of fact I puked twice.
 
I was then called at 2.59am.
 
From that moment on the main focus had been brought from the settlement of the dispute to the false allegations about a 50% commission I would have agreed with the player in case of success.
 
Whereas the player admitted having reported confused information to both Shrink and General, I shall say I was saddened not to be confronted with such, but rather smeared instead.
 
I did today what I maybe should have done BEFORE. I had the person who introduced me to the case, the same highly respected individual within the industry who had initially contacted Sting and Shrink contact the latter, and tell how this tout thing really was (I knew the player owed the tout, but thought it was for the guy's picks):
 
xxxx said...
After speaking to xxxx about the situation that my contact in xxxxxxx told me about, I called Roberto and asked him to look into it and he NEVER asked for a penny from the player or my contact at any point, even though my contact (The Tout) was charging xxxx 50% to help get the money back.  Before xxxx suggested that I call Roberto he had already informed you and Chris about MYBookie since they were an advertiser of both TheRx and Gambling911.  XXXX agreed to paying the tout 50% because he thought it was a dead issue due to the settlement!! Once again Roberto NEVER asked anyone for a penny, and was only looking for the truth.  These are the facts.

 
Note: I never talked nor met the tout.
The rest is recent history......
 
In my opinion there should be no mistery over this story. The book had done something wrong, a player raised his voice several times until someone listened to him. The story kept brewing for weeks until it finally came to everyone's attention.
 
Others jumping on the bandwagon was not only natural, but also positive and welcome. The latest spins however brought back in my mind the facts I know and I may not (yet) disclose.
 
I don't care what cheerleaders have to say, nor I care if the player will not honor his debt with his tout. Its their business, and totally unrelated to the very core of this situation IMHO.
 
What I DO care about is that the player receives his FULL payment. It was his money. It is his money. This is why I want to make sure that a trusted third party (and not anyone involved in this situation) to be in position to verify that indeed the player received his payment in full.
 
I still recall the content of the conversation I earlier mentioned. And want to make sure it was false.
 
This is not only owed to the player, but to the entire gaming community.
 
I truly wish an happy ending to this incredible mess.

Post Edited (TOW) : 5/28/2005 8:12:03 PM (GMT-4)

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