Shrink ought to love this one......."SBG" offers to bail out BlueMarlin clients

[TTinCO]

Val, all is not yet lost. Even Sting posted that "this will serve as a last resort" (yeah, no shit).

Sting seems to have heard of 2-4 other parties at least considering the possibilities. Assuming that Black Rhino doesn't rear their heads, hopefully one of them will step up.

 

[valdosta]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by TTinCO:
Val, all is not yet lost. Even Sting posted that "this will serve as a last resort" (yeah, no shit).

Sting seems to have heard of 2-4 other parties at least considering the possibilities. Assuming that Black Rhino doesn't rear their heads, hopefully one of them will step up.<HR></BLOCKQUOTE>

Well, hopefully someone else bails them out. The deal with SBG is about as bad as it could get IMO.

 

[D2bets]

Anyone think they put this out there to help soften the blow for a "better" bailout deal? A simple 8X rollover with no match will seem like a gift after thinking you had 10z with 100% match.

 

[TTinCO]

D2B, quite possible-but I don't think that anyone will see any 8x's. Maybe no match, but I highly doubt 8x.

 

[kerry]

sfeiner

I think you are on to something.

My post from anoter thread:

What a deal! Let me see if I understand. Assume one has 10k at Blue Marlin. So, you have to send another 10k to a new outfit. That is 20k. Then, you have to give then 200k of action. At an expected loss rate of 5%, you lose 10k in this process. Then, if you are lucky, they send you 10k back. Gee, why bother, you do not get any of your Blue Marlin" money back.

What a racket. This is orchestrated stealing. How to sell/buy 500 k in post up funds for nothing. These thieves are all in bed together. After the rollover, if the buyer happens to lose money, the seller will conveniently make him whole. Conversely, if the buyer makes some, he may share some with the seller.

In summary, you can piss away 500k of post up funds but have the guy next store bail you out for next to nothing. Beautiful, just beautiful.

 

[TTinCO]

FYI.....http://www.gambling911.com


"Sports911.com is happy to announce that its newest sponsor has offered to assume all Blue Marlin player accounts in the event that the sports book cannot be sold to another interested prospect."


NEWEST SPONSOR of his site.......

 

[nets2k2]

I think the book he is talking about is going to be playerstime.

I see its sports-gambling?

[This message was edited by nets2k2 on November 19, 2003 at 12:58 AM.]

 

[ChuckSims]

For any of you fools that are actually going to go along with this street corner shell game, be aware these crooks may tabulate only the wager win amount instead of risk amount for your rollover. Example: a $400 to win $100 bet would only count as a $100 wager for rollover purposes.

 

[max1234]

I heard Charlie Therwanger was talking to Sting about a bailout.... he got enough money out of Ace's handle it easily. I also heard SBR had just downgraded Ace's to a D-.