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TOW
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   Posted 9/30/2005 7:54 AM (GMT -5)    Quote This PostAlert An Admin About This Post.
The month long negotiation with BetUS began in a positive way.
 
Joey Rizzo realizes MFG was seriously wronged, however he did not want to simply pay him because he would have "admitted" his fault.
 
The idea was then to have MFG post up the payments he had received, BetUS post up the famous 25K. Funds would have been sent to a third party both MFG and BetUS trusted.
 
MFG's account would have been credited his original amount (64K), and he would have had to complete his rollover (98K). Whatever left in his account at fullfillment of his rollover, even if exceeding the original 64K, would have been his.
 
Both parties had agreed to these simple terms.
 
Three weeks went by to define which kind of action was MFG allowed to wager on to fullfill his rollover requirement, which maximum limits he would have been assigned and on which criteria the rollover would have been calculated.
 
Both parties agreed to all terms.
 
We finally got to the point in which MFG and BetUS would have had to sign and seal the deal, foreseen to be supervised by all major watchdog sites and sports portals.
 
At this very moment the unexpected happened.
 
BetUS refused to post up, despite the fact they had orginally AGREED to do so, because they "were good for the money" and "they would have been dumb not to pay MFG if all watchdog and portals were involved".
 
Foreman and Rizzo do not realize that they have provided enough evidence they couldn't care less of what the gaming community thinks or says about them. Evidence is that MFG has been reporting his case for years without them taking any step to correct the theft they made him object of.
 
In this scenario both MFG and myself told them no go. He doesn't trust them (and has more than a good reason not to), I was shocked that they reneged an essential part of the negotiation and I'm pretty sure they would have come up with other bs should MFG have entered the deal without them meeting the post up requirement.
 
This doesn't mean its over, nor it means that MFG has to write off his 25K.
 
Most bookmakers I've spoken to in my recent trip to Costa Rica express serious concern for BetUS business tacticts. Joey Rizzo and his partners are called with a variety of non flattering names, from "bad apples" to "scumbags".
 
What is certain is that not only BetUS has tried (I use the word tried because the case is not over and will not be over until Joey Rizzo pays) to stiff MFG, but their business tacticts are to the detriment of the industry as a whole. Thanks to these undue behaviours players lose faith in the industry. The damage caused by this situation is much wider than MFG's case.
 
Players have several ways to show their support to a fellow player who is being stiffed.
 
Punters with accounts at BetUS should close their accounts and withdraw all their funds.
 
Bettors that wish to boycott betUS should call them during crunch time on any given NFL Sunday and ask for rundowns and all sorts of information, jamming up their phone lines.
 
Watchdogs and players shall cooperate in all possible ways to show rogue books that thievery doesn't pay.
 
1 stiffed player is 1 too many.
 
 

Post Edited (TOW) : 9/30/2005 7:57:59 AM (GMT-4)

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Truthteller
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   Posted 9/30/2005 8:04 AM (GMT -5)    Quote This PostAlert An Admin About This Post.
Roberto, of course they don't care what some of the gaming community thinks of them. Also, they can easily point out they are not really that bad since some so called "watchdog" sites like MajorWager are taking their ads. How can they be rogue when they have Russ taking their money?


BetRoyal is owned by a serial scammer.

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TOW
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   Posted 9/30/2005 8:09 AM (GMT -5)    Quote This PostAlert An Admin About This Post.
I believe that when cases like this hit the news, and the forums, the entire gaming community should set its differences aside and get together to work on behalf of the wronged party.

Unfortunately this seems to remain a dream. However sometimes dreams come true.
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Truthteller
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   Posted 9/30/2005 8:30 AM (GMT -5)    Quote This PostAlert An Admin About This Post.
It's not about differences but more like greed. If everybody was to come together then that would mean sites like MW wouldn't be able to accept money from Betus since we all know they blatantly stole the money from MFG.


BetRoyal is owned by a serial scammer.

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RPM
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   Posted 9/30/2005 1:00 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
good idea about jamming up their phone lines....
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raiders72001
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   Posted 9/30/2005 1:16 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
Three or four years ago MFG approached Shrink at the RX to arbitrate this case. Shrink made a ruling on the case and both MFG and BetUS signed an agreement and BetUS paid MFG the amount of the decision. Immediately after receiving his money MFG broke the contract.
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RPM
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   Posted 9/30/2005 1:20 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
raiders,

to be fair, mfg was told take what he could get or get NOTHING. i would have done the same thing if i were him....
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raiders72001
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   Posted 9/30/2005 1:24 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
That was before Shrink's intervention. The money that MFG is owed is a result of a bonus that MFG used. He used it to play a huge ML dog. BetUS came back and said that the bonus was illegal and that it was only to be used for straight bets.
 
There was another player, Boston1, that was owed money at the same time and he was paid in full.
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Jerseymike
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   Posted 9/30/2005 2:10 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
If i am remembering this right didn't MFG lose his first two huge ML dog bets and then he hit his 3rd MLdog bet with his bonus play?


Baseball players are smarter than football players. How often do you see a baseball team penalized for too many men on the field?

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TOW
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   Posted 9/30/2005 2:12 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
That is correct Jersey. Betus didn't have a problem to take the first two bets, since they lost. Problem came up with the third (and last of the matchplay) that won.

BTW, even the first two were huge dogs ml.
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raiders72001
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   Posted 9/30/2005 2:16 PM (GMT -5)    Quote This PostAlert An Admin About This Post.

Shrink

"I spent many days (not just hours) getting involved
for one of the players.

After I heard "BOTH SIDES", I ruled that one of
the players should received a 5 figure payout that was
rightfully his...

I didn't think he should receive any of the bonus
money because NASA gave me enough proof to believe
hewas not entitled to it...

The player agreed to my decision, and also agreed
thatonce he received the 5 figure payout, he would
NEVERcomplain about NASA on a forum, or through
litigation.

In other words, he agreed to HONOR a SETTLEMENT...

This did not happen! Nor did he ever hint to to me that he would not HONOR his word...

Immediately after he cashed the payout, he
renigged
onthe agreement that I had worked so hard on between
himself and Little Nasa..

I find it very hard to deal with these guys who seem
to be in cohoots with one another, especially when
it comes to posting, but perhaps even betting.

All you get to see on this forum is what each
party types, but believe me, there is much more to these
cases than can be printed in one thread (except
maybe one by Patrick's, lol)...

Once I give my "word" on a deal, then no matter what,
I have to honor it...

MYFOOTBALLGAME didn't do that and gives the lame
excuse he only agreed to the "settlement" in order
to get something back.

Furthermore, in the past, when I spend this much time to help gamblers, they'd be so appreciative. I ask for nothing back in return, excpet maybe a thank
you...

But to imply I am "on the take," and then to
deliberately start a thread about how great SBG
GLOBAL
is (when they both knew I was robbed for over 92k
by
them) shows just what type of characters we are dealing with"
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TOW
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   Posted 9/30/2005 2:23 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
Raiders,

Any agreement/mediation/settlement based on "either this or nothing" is something imposed on a player with EXTREME duress.

There is a golden rule in this biz: you book a bet, you pay the bet.
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raiders72001
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   Posted 9/30/2005 2:52 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
What are the rules of match play bonuses at BetUS? Many books only allow straight bets. If this were the case than the bonuses were used illegally.
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raiders72001
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   Posted 9/30/2005 3:17 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
Also it seems as though Mike Foreman is a bad guy here while I've heard nothing but good things about Foreman.
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TOW
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   Posted 9/30/2005 3:21 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
Mike Foreman is not a bad guy. Unfortunately he has VERY limited powers. A managing director should be allowed to decide what's good for the business and execute it within the guidelines of his scope. He shouldn't be obliged to ask ownership (Joey Rizzo) permission to agree on settling a dispute, let alone deciding which sports the player shall wager on and on which criteria the rollover shall be calculated.
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TOW
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   Posted 9/30/2005 3:23 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
Raiders,

MFG divided his match play in three bets (ALL moneylines). The first two lost, the third one won. All bets were placed at a different time and APPROVED by Betus linesroom.

BetUS had no specific rule in place until AFTER MFG won his third free bet.

Sheesh..........
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Halifax
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   Posted 9/30/2005 4:01 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
Raiders, are you ALWAYS on the wrong side of every issue, or only 95% of the time ?  Stick to explaining the mathematics of betting .. you're pretty good at that.


 

 

 

 

Post Edited (Halifax) : 10/1/2005 2:31:29 AM (GMT-4)

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raiders72001
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   Posted 9/30/2005 5:57 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
MFG divided his match play in three bets (ALL moneylines). The first two lost, the third one won. All bets were placed at a different time and APPROVED by Betus linesroom. said...
First off if someone pulled a BeanTown Jim and made two posts 15 minutes into the game and they both lost and then made a third one and it won the book still has the right to cancel the winning bet.
 
According to you and MFG, the bets were approved by the linesroom but BetUS stated differently. Many books will not allow you to bet huge ML dogs. If this was the case then MFG took a shot at the book.
 
Shrink agreed with BetUS and MFG agreed to Shrink's ruling as being binding. Both MFG and BetUS signed a contract. This case should be closed.
 
What's going to happen in the future? A player and book are going to have a disagreement and ask TOW to mediate. They both agree that TOW's decision is binding. They both sign a contract and then after the deal is consumated the player cries I want more money.
 
This is a dangerous precedent and would make TOW's panel useless as it decision would mean nothing to both the player and book.   
 
 
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Judge
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   Posted 9/30/2005 6:24 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
Here is my insight, Rizzo is a cheap fuck.
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raiders72001
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   Posted 9/30/2005 6:30 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
Here is my insight, Rizzo is a cheap fuck.
Only Judge can sum it up in 5 words or less.smile
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TOW
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   Posted 9/30/2005 11:19 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
Raiders,

When will you learn ? The Panel doesn't mediate. Its an ARBITRATION body.

Thank God you're on vacation....
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