The RX (and other forums) have been walking a very slippery slope in the fact that they are promoting their advertisers and essentially can become advertising tools for those books. This is in direct conflict with being a "watchdog site" and "players advocate" (which is what most expect from a site like this, and which is often claimed).
GA was hyped up to the nth degree here...and went under. BetPanAM (as someone else put it) was the "second coming of christ" and is now having problems despite having "solid backers" and a " solid business plan". I'm sure there are other examples.
As I have mentioned before numerous times on this site, the RX needs to decide what it wants ot be...an advertising medium or a place for the players. You need to align with one side or the other. There are benefits and drawbacks to both sides.
The issues arise when the posters think this is a site for the protection of the gamblers when in reality it is nothing more than an advertising tool for the books. Those who realize that understand that they should proceed with caution. However, many do not and believe everything they read, thinking the RX will come to their rescue.
The bottom line is that the RX has NO idea of the finacial situation of any book, and by referring people there, are potentially leading its readers into disaster...
GA was hyped up to the nth degree here...and went under. BetPanAM (as someone else put it) was the "second coming of christ" and is now having problems despite having "solid backers" and a " solid business plan". I'm sure there are other examples.
As I have mentioned before numerous times on this site, the RX needs to decide what it wants ot be...an advertising medium or a place for the players. You need to align with one side or the other. There are benefits and drawbacks to both sides.
The issues arise when the posters think this is a site for the protection of the gamblers when in reality it is nothing more than an advertising tool for the books. Those who realize that understand that they should proceed with caution. However, many do not and believe everything they read, thinking the RX will come to their rescue.
The bottom line is that the RX has NO idea of the finacial situation of any book, and by referring people there, are potentially leading its readers into disaster...
THis comes up everytime a book gets in trouble. Guys, the RX is paid to run ads for these books.You CAN NOT CALL THE RX A TRUE WATCHDOG, but I do believe the RX thought PANAM was a good book, as I think PANAM thought they were a good book and had the best intentions.
PANAM is a new business and as with any new business there is a lot of risk involved. If PANAM has the money then people will probably get paid if they don't then we won't. BUt this this shitt about them stealing postup money is just that unless you know something most of us don't? If I do business with a company and they go bankrupt and have no money, I don't get paid. It's not stealing, it's business.
As I have had posted under my name for a while now:
"There are two risks in every bet; the bet itself and who you are betting with."
PANAM is a new business and as with any new business there is a lot of risk involved. If PANAM has the money then people will probably get paid if they don't then we won't. BUt this this shitt about them stealing postup money is just that unless you know something most of us don't? If I do business with a company and they go bankrupt and have no money, I don't get paid. It's not stealing, it's business.
As I have had posted under my name for a while now:
"There are two risks in every bet; the bet itself and who you are betting with."
I hate to di it, but i have to blame the DOCTOR on this one! He came in here saying how he went to PANAMA and how much he loved it RIGHT WHEN THEY OPENED. Hell I joined that DAY that he came back. My account number is below 50 if you need proof. I really liked the book, but mainly because Shrink liked it so much.
Then in the past 3 months we get additional posts saying how great they are. It makes a guy wonder if Shrink is not a part owner of this book. Before all of these problems, that I what I believed.
But you guys may not understand one thing, ANY BOND posted with the government doesnt first go the players. It goes to pay workers, government, ETC, then you betters are the last creditors I belikeve, but we will see.
For that matter, I seriously doubt that any new BOOK would really post a $500,000 bond. No one would make their investors be out that much start up cash. Now MAYBE it was a monthly bond payment of lets say $5,000 a month, now that would be more believable!
I hate to blame SHrink, but he is AT LEAST partially responsible. As the sites "owner", and we all know that he still is, he should not shill for any specific book so much when he has other advertisers on the site as well. But hey we will all get through this, well with the exception of IvaN, and another book will come along and we will all flock like Sheep to deposit.
We are trained to do just that, and that is how rx makes some nice affiliate player losses bonuses! Hell they are COUNTING on it!
Then in the past 3 months we get additional posts saying how great they are. It makes a guy wonder if Shrink is not a part owner of this book. Before all of these problems, that I what I believed.
But you guys may not understand one thing, ANY BOND posted with the government doesnt first go the players. It goes to pay workers, government, ETC, then you betters are the last creditors I belikeve, but we will see.
For that matter, I seriously doubt that any new BOOK would really post a $500,000 bond. No one would make their investors be out that much start up cash. Now MAYBE it was a monthly bond payment of lets say $5,000 a month, now that would be more believable!
I hate to blame SHrink, but he is AT LEAST partially responsible. As the sites "owner", and we all know that he still is, he should not shill for any specific book so much when he has other advertisers on the site as well. But hey we will all get through this, well with the exception of IvaN, and another book will come along and we will all flock like Sheep to deposit.
We are trained to do just that, and that is how rx makes some nice affiliate player losses bonuses! Hell they are COUNTING on it!
Blaming the RX for there problems is wrong,sure Shrink went there look'd over there place,listen'd to there plan and I am sure everything look'd solid,is it Shrinks fault the players beat them no,is it shrinks fault that this was one of the worst NFL seasons in memorey no.The only blame for this mess is the management of PanAm,blaming the RX for this is like blaming a friend when he recommends a car to you and you buy one and it turns out to a lemon
Lessons learned no matter the outcome. Some of us have learned more than others. Would be nice to find a way to avoid these things but I do not see how. Panam had banners all over the net. Many gamblers found them without The Rx. I do believe that some followed SHRINKs praise, but they must be responsible for their actions. I guess their is still a chance for recovery.
Never have more money deposited in ANY Sportsbook than you can afford to have stolen from you today. If you will suffer financially or mentally with this money being stolen, then get it out NOW.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Progress always involves Risk; you cannot steal second base and keep your foot on first. <HR></BLOCKQUOTE>
Never have more money deposited in ANY Sportsbook than you can afford to have stolen from you today. If you will suffer financially or mentally with this money being stolen, then get it out NOW.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Progress always involves Risk; you cannot steal second base and keep your foot on first. <HR></BLOCKQUOTE>
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by TTinCO:
HTRC, maybe I missed it(damn phone), but I don't recall seeing Bill say that Panam was "pulling off" of MW.
He was certainly pulling no punches with his "I don't think paying someone for the priviledge of having a long list of BW movers play into you is a good marketing plan" shot at Shrink.<HR></BLOCKQUOTE>
TtinCo.. sorry signed off after my post last night, but yes Bill at PanAm stated that they would not be advertising at MW or RX and they asked for unused advertising monies to be returned. Not sure if that will happen though.
It will be interesting to see how they are protrayed after they become non-advertisers on the sites, of course that is if they turn things around. Alot of damage has been done and gaining players trust again even after paying everyone what they are owed will be a tough task. I will post the transript later if it doesn't become a problem here, there were some interesting questions that I think posters here would like to see PanAms answers to. One thing is certain though, no one is getting paid this week and it probably doesn't happen til early next week at best.
HTRC
HTRC, maybe I missed it(damn phone), but I don't recall seeing Bill say that Panam was "pulling off" of MW.
He was certainly pulling no punches with his "I don't think paying someone for the priviledge of having a long list of BW movers play into you is a good marketing plan" shot at Shrink.<HR></BLOCKQUOTE>
TtinCo.. sorry signed off after my post last night, but yes Bill at PanAm stated that they would not be advertising at MW or RX and they asked for unused advertising monies to be returned. Not sure if that will happen though.
It will be interesting to see how they are protrayed after they become non-advertisers on the sites, of course that is if they turn things around. Alot of damage has been done and gaining players trust again even after paying everyone what they are owed will be a tough task. I will post the transript later if it doesn't become a problem here, there were some interesting questions that I think posters here would like to see PanAms answers to. One thing is certain though, no one is getting paid this week and it probably doesn't happen til early next week at best.
HTRC
Sending Bill into chat to speak for the men holding the money would be like having Me guest speak at the white in defense of online gaming, speaking for SHRINK.
No disrespect to Bill at all but someone holding the money doesn't care much, if at all. I think Bill, Marty, & Scotty do care alot, and I hope they can right the ship.
As a player, I need these questions addressed.
I have ZERO doubt the money is there. But as this time goes by, someone hasn't wanted to give it up. Someone who has no care for the players if my assumption is correct.
Is this person(s) still behind the scenes as an investor if this works out?
Is there $500,000 somewhere to assure some debt to players if this were to go bad? Pretty sure the answer here already
How does BetPanAm ensure the players that this will not happen again if all payments are made?
Hopefully it will all be addressed as soon as possible.
No disrespect to Bill at all but someone holding the money doesn't care much, if at all. I think Bill, Marty, & Scotty do care alot, and I hope they can right the ship.
As a player, I need these questions addressed.
I have ZERO doubt the money is there. But as this time goes by, someone hasn't wanted to give it up. Someone who has no care for the players if my assumption is correct.
Is this person(s) still behind the scenes as an investor if this works out?
Is there $500,000 somewhere to assure some debt to players if this were to go bad? Pretty sure the answer here already
How does BetPanAm ensure the players that this will not happen again if all payments are made?
Hopefully it will all be addressed as soon as possible.
I posted this in the other thread
"Well from reading the transcripts from Peep's place last night, it seems like they have turned on the Rx like a pro wrestler. I guess you guys are gonna "let them have it now" since it looks like they formed a new allegience and bad mouth you guys, huh? Funny it seemed like you guys were trying to protect your advertising interest throughout this and they turned on you guys anyway. Wonder how many new players they took in during this BTW?"
"Well from reading the transcripts from Peep's place last night, it seems like they have turned on the Rx like a pro wrestler. I guess you guys are gonna "let them have it now" since it looks like they formed a new allegience and bad mouth you guys, huh? Funny it seemed like you guys were trying to protect your advertising interest throughout this and they turned on you guys anyway. Wonder how many new players they took in during this BTW?"
lmfao general
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Sending Bill into chat to speak for the men holding the money would be like having Me guest speak at the white in defense of online gaming, speaking for SHRINK.
<HR></BLOCKQUOTE>
Funny stuff
BTW, i doubt very much they have the $ to pay out, if they did, they would not be calling around asking to borrow from other books.
Perhaps the original investors do have the $, but they seem to be long gone.
IVan- It looks to be over kiddo
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Sending Bill into chat to speak for the men holding the money would be like having Me guest speak at the white in defense of online gaming, speaking for SHRINK.
<HR></BLOCKQUOTE>
Funny stuff
BTW, i doubt very much they have the $ to pay out, if they did, they would not be calling around asking to borrow from other books.
Perhaps the original investors do have the $, but they seem to be long gone.
IVan- It looks to be over kiddo
