Everything about this whole situation sounds shady. From the new ownership, to the delayed payouts..
I had a feeling this was going to happen eventually, when the sportsbook was down for like 3 months without any given explanation. Well, now we all know the reason why.
Topic: ⭐BETCOIN.AG-#1 Casino, Sportsbook BTC BCH BSV ETH ETC LTC XMR DASH XRP est 2013⭐ - page 158. (Read 101481 times)
January 20, 2018, 04:58:05 PM
January 20, 2018, 04:08:14 PM
The scenario is they sifted through the data they had. Then they determined they didn't have enough to make the accurate payouts. So instead we are paying it out this way. The way that the people who contributed were expecting to to get paid at the time of the contributions.
Please post the data that it took you 3+ weeks and so many people that you had to hire new employees to sift through. We want to see the results (even if they are partial) of your hard work.
Also what's the ETA on you signing those wallets?
January 20, 2018, 02:56:33 PM
The scenario is they sifted through the data they had. Then they determined they didn't have enough to make the accurate payouts. So instead we are paying it out this way. The way that the people who contributed were expecting to to get paid at the time of the contributions.
January 20, 2018, 12:10:59 AM
When we split from poker originally, we lost access to a lot of poker data. After getting back together with the poker team and going through it, we realized we did not have enough data to make the payments 100% accurate.
It will be paid in full. We are doing partial payments to give additional people a chance at winning parts of it, but we expect it to be gone within 8 weeks or so because we are lowering the hand requirement significantly. We have worked closely with Twitchy on this and although, we are incapable of satisfying all his requests, we are doing it as best as we can so it is fair to the players.
We are trying to do the right thing here. Not everyone will be happy but the money will be paid out in full to the players and soon.
It will be paid in full. We are doing partial payments to give additional people a chance at winning parts of it, but we expect it to be gone within 8 weeks or so because we are lowering the hand requirement significantly. We have worked closely with Twitchy on this and although, we are incapable of satisfying all his requests, we are doing it as best as we can so it is fair to the players.
We are trying to do the right thing here. Not everyone will be happy but the money will be paid out in full to the players and soon.
This is a fair statement.
I believe that the management team that I have been dealing with have indeed done their best to do the right thing - the problem is with the man/men behind the curtain that they are reporting to. (and also Jessica)
Also, the guys I have been working with are leaving.
Can you name one person who you've been dealing with that wasn't there before last month?
Also can Betcoin sign a wallet (or wallets) with the player's funds? Including the BBJ?
Also also, why did it take three weeks to realize that you didn't have the data? What happened to "we brought on more people to deal with the data"? Where are those people? What data were they dealing with if you didn't have the data?
Once again
You said you had to bring more people on to sift through the data, and then you said you didn't have the data. Can anyone give me a scenario where one of those statements isn't a complete lie?
January 19, 2018, 08:24:11 PM
When we split from poker originally, we lost access to a lot of poker data. After getting back together with the poker team and going through it, we realized we did not have enough data to make the payments 100% accurate.
It will be paid in full. We are doing partial payments to give additional people a chance at winning parts of it, but we expect it to be gone within 8 weeks or so because we are lowering the hand requirement significantly. We have worked closely with Twitchy on this and although, we are incapable of satisfying all his requests, we are doing it as best as we can so it is fair to the players.
We are trying to do the right thing here. Not everyone will be happy but the money will be paid out in full to the players and soon.
It will be paid in full. We are doing partial payments to give additional people a chance at winning parts of it, but we expect it to be gone within 8 weeks or so because we are lowering the hand requirement significantly. We have worked closely with Twitchy on this and although, we are incapable of satisfying all his requests, we are doing it as best as we can so it is fair to the players.
We are trying to do the right thing here. Not everyone will be happy but the money will be paid out in full to the players and soon.
This is a fair statement.
I believe that the management team that I have been dealing with have indeed done their best to do the right thing - the problem is with the man/men behind the curtain that they are reporting to. (and also Jessica)
Also, the guys I have been working with are leaving.
January 19, 2018, 07:32:43 PM
When we split from poker originally, we lost access to a lot of poker data. After getting back together with the poker team and going through it, we realized we did not have enough data to make the payments 100% accurate.
It will be paid in full. We are doing partial payments to give additional people a chance at winning parts of it, but we expect it to be gone within 8 weeks or so because we are lowering the hand requirement significantly. We have worked closely with Twitchy on this, and although we are incapable of satisfying all his requests, we are doing it as best as we can so it is fair to the players.
We are trying to do the right thing here. Not everyone will be happy but the money will be paid out in full to the players and soon.
It will be paid in full. We are doing partial payments to give additional people a chance at winning parts of it, but we expect it to be gone within 8 weeks or so because we are lowering the hand requirement significantly. We have worked closely with Twitchy on this, and although we are incapable of satisfying all his requests, we are doing it as best as we can so it is fair to the players.
We are trying to do the right thing here. Not everyone will be happy but the money will be paid out in full to the players and soon.
January 19, 2018, 06:25:22 PM
For the record, there are definitely some new managers that were surprisingly reasonable and clearly frustrated with the state of things when they got on.
Unfortunately, I believe they are quitting over this whole thing.
Even worse, Jessica is still around.
So, yeah.
Unfortunately, I believe they are quitting over this whole thing.
Even worse, Jessica is still around.
So, yeah.
January 19, 2018, 06:23:14 PM
Pretty disappointed overall with how my negotiations with Betcoin have turned out. It's certainly better than them just taking it, or doing some non-transparent payout but still not great.
We went from:
Lets figure out how to return entire Jackpot to players based on how much they contributed (sorry, we don't have the data)==>
Lets figure out how to reopen the room, fix the rules and get the Jackpot payed out quickly and fairly (sorry, we want to give more players a chance to win it) ==>
Lets just change the minimum requirement, leave the other rules the same and let the BBJP get hit 10 times, including a 10% house fee for each hit - on the tenth hit, they will contribute the re-seed to the winners.
Currently the way I interpret the rules, the cut of the entire Jackpot is determined by the stakes of the table , 20% for .10/.25 and lower, 50% for .25/.5 - 2/4 and 100% for 5/10+ ( http://www.betcoin.ag/files/betcoin/images/bbjtablelimits.PNG ) The same BBJP fee is taken from all tables, so it should all be the same. But it wont be because they don't know how to change it.
The biggest issue I have with how the rules are is that each hit will almost certainly only payout 20% of the total, since it will be at 25NL or lower.
Of that 20%, the house will take 10% off the top for themselves, another 20% to put back into the jackpot, and the remaining 70% (of the 20%) will go 70% to winner, 20% to loser and 10% to other players at the table.
Assuming each hit happens under 50NL, this is what the first three payouts would look like (not including any added funds from hands played after reopening)
Jackpot 34000
20% = 6800
House - 680
Reseed - 1360
Players - 4760
Loser - 3332
Winner - 952
Other Players - 476
New Jackpot 28560
20% = 5712
House - 571
Reseed - 1142
Players - 3998
Loser - 2799
Winner - 800
Other Players - 399
New Jackpot 23990
20% = 4798
House - 480
Reseed - 960
Players - 3359
Loser - 2351
Winner - 671
Other Players - 336
New Jackpot 20152
We went from:
Lets figure out how to return entire Jackpot to players based on how much they contributed (sorry, we don't have the data)==>
Lets figure out how to reopen the room, fix the rules and get the Jackpot payed out quickly and fairly (sorry, we want to give more players a chance to win it) ==>
Lets just change the minimum requirement, leave the other rules the same and let the BBJP get hit 10 times, including a 10% house fee for each hit - on the tenth hit, they will contribute the re-seed to the winners.
Currently the way I interpret the rules, the cut of the entire Jackpot is determined by the stakes of the table , 20% for .10/.25 and lower, 50% for .25/.5 - 2/4 and 100% for 5/10+ ( http://www.betcoin.ag/files/betcoin/images/bbjtablelimits.PNG ) The same BBJP fee is taken from all tables, so it should all be the same. But it wont be because they don't know how to change it.
The biggest issue I have with how the rules are is that each hit will almost certainly only payout 20% of the total, since it will be at 25NL or lower.
Of that 20%, the house will take 10% off the top for themselves, another 20% to put back into the jackpot, and the remaining 70% (of the 20%) will go 70% to winner, 20% to loser and 10% to other players at the table.
Assuming each hit happens under 50NL, this is what the first three payouts would look like (not including any added funds from hands played after reopening)
Jackpot 34000
20% = 6800
House - 680
Reseed - 1360
Players - 4760
Loser - 3332
Winner - 952
Other Players - 476
New Jackpot 28560
20% = 5712
House - 571
Reseed - 1142
Players - 3998
Loser - 2799
Winner - 800
Other Players - 399
New Jackpot 23990
20% = 4798
House - 480
Reseed - 960
Players - 3359
Loser - 2351
Winner - 671
Other Players - 336
New Jackpot 20152
January 19, 2018, 06:17:52 PM
this is officially ridiculous now the rep confirmed many times that you have access to all the necessary data , what has changed now ??
it seems that you are just trying to gain time , maybe you don't even have that amount
hosting the games again and making the players deposit again , that doesn't sound right for me
it seems that you are just trying to gain time , maybe you don't even have that amount
hosting the games again and making the players deposit again , that doesn't sound right for me
It sure seems like they are trying to buy time so that people don't contact the Texas DOJ to investigate what's going on.
January 19, 2018, 04:59:18 PM
Hey guys, Betcoin is in our toplist - https://btcplaymania.com/ (yet) and we're watching around the situation about recent issues.
January 19, 2018, 03:45:19 PM
this is officially ridiculous now the rep confirmed many times that you have access to all the necessary data , what has changed now ??
it seems that you are just trying to gain time , maybe you don't even have that amount
hosting the games again and making the players deposit again , that doesn't sound right for me
it seems that you are just trying to gain time , maybe you don't even have that amount
hosting the games again and making the players deposit again , that doesn't sound right for me
January 19, 2018, 03:10:28 PM
Relevant BBJ quotes from Betcoin over the last month. Notice how on the 2nd they were working on it, and on the 12th they were CONTINUING to work on it, and had done so much work already that they were employing former members in order to parse the data!
Where is this work? Post it here. You claimed that multiple people did three weeks worth of work. Post your results. Even if they can't be verified 100% (which...of course they can be), you should still show what you've been doing for the last month. If you can't post it publicly (which...of course you can, all HH info is public data, all hands were played publicly, especially since you aren't even showing the full HH you're only showing the contributed BBJ portion), show it privately to someone you trust who isn't a shill, like Twitchy or DanDruff.
Thanks for the feedback and we completely agree. We do have access to that data and it will take a couple weeks or so to compile but we plan to make the payouts as soon as possible.
The plan for the BBJ is to release a list showing that it was distributed in full. The new management group wants to be completely transparent about this.
We certainly will still be distributing the bad beat jackpot, if that's what you are referring to. Should be late next week.
Update - We are continuing to go through the extensive data. We had to employ the former members in order to parse the data. Due to the complexity, it is taking longer than originally anticipated and we will have another update early next week. Thank you for your patience.
Where is this work? Post it here. You claimed that multiple people did three weeks worth of work. Post your results. Even if they can't be verified 100% (which...of course they can be), you should still show what you've been doing for the last month. If you can't post it publicly (which...of course you can, all HH info is public data, all hands were played publicly, especially since you aren't even showing the full HH you're only showing the contributed BBJ portion), show it privately to someone you trust who isn't a shill, like Twitchy or DanDruff.
As our first matter, we believe it is necessary to distribute the Bad Beat Jackpot based on the percentages to players who have contributed to that Jackpot through the years. We will be calculating the totals over the next week to two weeks and expect that all distributions will be posted to player accounts by the second week of January 2018.
Thanks for the feedback and we completely agree. We do have access to that data and it will take a couple weeks or so to compile but we plan to make the payouts as soon as possible.
The plan for the BBJ is to release a list showing that it was distributed in full. The new management group wants to be completely transparent about this.
We certainly will still be distributing the bad beat jackpot, if that's what you are referring to. Should be late next week.
Update - We are continuing to go through the extensive data. We had to employ the former members in order to parse the data. Due to the complexity, it is taking longer than originally anticipated and we will have another update early next week. Thank you for your patience.
January 19, 2018, 03:02:47 PM
The last few weeks were spent determining whether we had all the information to make the payouts 100% accurate. When we determined that we did not, we decided that this was the fastest way to get the BBJ paid out quickly and fairly. We will be lowering the hand requirement to hit and all other rules will remain the same until it is paid out in full. This will give several groups of people the opportunity to win large amounts.
Haaaaaaaaaaaaaaaahahhahaha. So you admit you don't have the money that you stole and are paying out the BBJ partially? That's hilarious.
Also
What work had you done up though last Friday?
What work had you done up though "early this week"?
Please post the spreadsheet that you've been working on, it must be nearly complete.
Please sign a wallet with all of the BBJ funds in it.
Oh, are US players still banned? If no, why not?
January 19, 2018, 11:19:30 AM
The last few weeks were spent determining whether we had all the information to make the payouts 100% accurate. When we determined that we did not, we decided that this was the fastest way to get the BBJ paid out quickly and fairly. We will be lowering the hand requirement to hit and all other rules will remain the same until it is paid out in full. This will give several groups of people the opportunity to win large amounts.
January 19, 2018, 05:59:03 AM
If the new management pays out, they're going to be quite reputable, depending on the amount.
Do you even read the posts above yours?Read the last 2 pages and some old threads, what's your point?
January 18, 2018, 10:21:02 PM
If the new management pays out, they're going to be quite reputable, depending on the amount.
Do you even read the posts above yours? January 18, 2018, 07:43:06 PM
I know the win was 1007BTC but what's a rough estimate of the BBJ total contributions in BTC?
Fuck no.
If the new management pays out, they're going to be quite reputable, depending on the amount.
*if it is new management*
Betcoin will always be a notoriously shady and untrustworthy operation.
New owners, new management, it doesnt matter. They will be forever tarnished as being a non-trustworthy brand in this space.
New owners, new management, it doesnt matter. They will be forever tarnished as being a non-trustworthy brand in this space.
Fuck no.
If the new management pays out, they're going to be quite reputable, depending on the amount.
*if it is new management*
January 18, 2018, 03:21:38 PM
POKER TO RETURN TO BETCOIN.AG
In our attempt to calculate and repay Bad Beat Jackpot contributions precisely to those players that contributed them it was determined that each contribution cannot be determined with 100% accuracy. Without this 100% transparency and accuracy we believe the redistribution was unacceptable.
Full article here: https://www.betcoin.ag/poker-return-betcoinag
In our attempt to calculate and repay Bad Beat Jackpot contributions precisely to those players that contributed them it was determined that each contribution cannot be determined with 100% accuracy. Without this 100% transparency and accuracy we believe the redistribution was unacceptable.
Full article here: https://www.betcoin.ag/poker-return-betcoinag
What work had you done up though last Friday?
What work had you done up though "early this week"?
Please post the spreadsheet that you've been working on, it must be nearly complete.
Please sign a wallet with all of the BBJ funds in it.
Oh, are US players still banned? If no, why not?
January 18, 2018, 07:01:10 AM
fuck me, this is amusing.
January 17, 2018, 06:07:30 PM
POKER TO RETURN TO BETCOIN.AG
In our attempt to calculate and repay Bad Beat Jackpot contributions precisely to those players that contributed them it was determined that each contribution cannot be determined with 100% accuracy. Without this 100% transparency and accuracy we believe the redistribution was unacceptable.
Full article here: https://www.betcoin.ag/poker-return-betcoinag
In our attempt to calculate and repay Bad Beat Jackpot contributions precisely to those players that contributed them it was determined that each contribution cannot be determined with 100% accuracy. Without this 100% transparency and accuracy we believe the redistribution was unacceptable.
Full article here: https://www.betcoin.ag/poker-return-betcoinag
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