The Offshore Wire Forum > Offshore Gambling Information > Offshore Sportbooks > An insight on why the solution of MyFootballGame dispute went south |
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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 1753
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Posted 9/30/2005 7:54 AM (GMT -5) |
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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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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 1753
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Posted 9/30/2005 8:09 AM (GMT -5) |
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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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RPM
Welcome to TOW

      
Date Joined Jul 2005
Total Posts : 4577
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Posted 9/30/2005 1:00 PM (GMT -5) |
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good idea about jamming up their phone lines.... |
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raiders72001
Registered Member
       
Date Joined Mar 2005
Total Posts : 1164
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Posted 9/30/2005 1:16 PM (GMT -5) |
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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
Welcome to TOW

      
Date Joined Jul 2005
Total Posts : 4577
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Posted 9/30/2005 1:20 PM (GMT -5) |
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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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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 1753
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Posted 9/30/2005 2:12 PM (GMT -5) |
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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
Registered Member
       
Date Joined Mar 2005
Total Posts : 1164
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Posted 9/30/2005 2:16 PM (GMT -5) |
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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
Founder

      
Date Joined Mar 2005
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Posted 9/30/2005 2:23 PM (GMT -5) |
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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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Date Joined Mar 2005
Total Posts : 1164
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Posted 9/30/2005 3:17 PM (GMT -5) |
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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
Founder

      
Date Joined Mar 2005
Total Posts : 1753
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Posted 9/30/2005 3:21 PM (GMT -5) |
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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
Founder

      
Date Joined Mar 2005
Total Posts : 1753
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Posted 9/30/2005 3:23 PM (GMT -5) |
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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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raiders72001
Registered Member
       
Date Joined Mar 2005
Total Posts : 1164
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Posted 9/30/2005 5:57 PM (GMT -5) |
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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
Dispute Arbitration Panel Member

      
Date Joined Aug 2005
Total Posts : 340
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Posted 9/30/2005 6:24 PM (GMT -5) |
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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 1753
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Posted 9/30/2005 11:19 PM (GMT -5) |
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Raiders,
When will you learn ? The Panel doesn't mediate. Its an ARBITRATION body.
Thank God you're on vacation.... |
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