Topic: ✅ɃETCOIN.AG - POKER CLOSING - 42 BTC BBJP??? ✅ - page 16. (Read 12799 times)

It's probably some security hole on my end but I had about 0.003 btc taken from my betcoin account. The email was sent to confirm and somehow it was confirmed without me clicking it. My email is secure so I feel there's something else going on here.




Then 8 minutes later:



There was an additional withdraw confirm of 0.0003 btc without a request so I don't know. I wasn't even aware of the funds on the account so it's not much of a bother to me.

Futhermore I also got some notifications from localbitcoins about a password attempt and 2fa cancelation request was initiated but I canceled it. Dunno, any insight would be appreciated. I'm not worried about the funds though.

Betcoin deleted my post from their thread, so I'm reposting it here. Looks like all it takes to "spam" their thread now is a single post.

===========================


I'm rather confused about what constitutes "spamming" the thread. It looks like you quoted two posts made 5 days apart about issues that are pertinent to playing on your site as proof of spamming, and then immediately accuse the OP of dishonesty/lying over what could have been a legitimate misunderstanding?

Could you please explain what you consider "spamming our thread" in more detail? I have always seen "spamming" used in the context of creating a massive amount of irrelevant posts/e-mails in quick succession with the intent of drowning out legitimate conversation, but that doesn't seem to be the case here.

If you are concerned about spam in your thread, you may want to consider resizing or eliminating the gigantic images (e.g., the magnifying glass with the bug) that don't add any information to your posts and dilute the content of the thread, because by the time you have scrolled down past the image, you can't see any of the text or posts above the image.

I think you should have paid that guy that won with a free roll. The odds to get it are not high it
Will be a one time in your lifetime .

Please choose any "FUD" you disagree with and provide some facts that speak to the contrary. 

But we know you aren't going to do that because shills gonna shill amiright?

Also the fact that you don't understand how software providers work speaks to the ignorance of the typical Betcoin Shill.

On topic: I've read that Betcoin is now taking money out of people's accounts because of "errors" encountered when they weren't paying out their tournaments. 

Who is they?

You don't think Betcoin has anything to do with the mac client release...do you?

Lol so much FUD in this thread from the trolls i doubt they would do all this hard work like providing a mac software then scam everyone lol.

Do those who kowingly deposited to a public proven scam really care about to receive their money? I do not think so = no serious issue for them.

So they delay to pay the money wins in the tourneys? Damn it is serious issue,i have long time no play there.

I'm getting reports that Betcoin isn't automatically paying out any of their MTTs now, in addition to persistent lengthy delays in tier rakeback.

THIS

IS

A

VERY

BAD

SIGN

If you have money on there, you should seriously consider pulling all of it off before the situation gets worse and there is a "run on the bank".  When the writing is on the wall, these anonymous hucksters will just cut and run.  Don't let it be with your money.

Never have I ever...

Had my account unbanned and reset to bronze III the day of the last gold freeroll (cool troll), the next day I  had one chip sent to it from management and they also restored my gold VIP status, a day or two later it was banned again.

Oh wait yes i have!  How does this game work again?

---

Prior to that I was banned since the day after Jasonort started the thread about Glamlife jackpot.  This was the last thing they said to me:

Betcoin Andrew: Our casino providers do an excellent job and are used by the top online casinos. We cannot have those type of comments about them in the forum as they are constantly reviewing our website.*** Betcoin Andrew left the chat ***

never have I ever... won the "50GTD/1 chip R/A" today, and was told I would be paid, "either tomorrow or the next day" by support... WTF kind of poker room can't/doesn't pay you after a tourney cash... we'he taking about 24.4mBTC... you can't pay a $14.50 win?? LOL

I have to disagree with you for two reasons.

- The only thing establishing a spin n go escrow would do is reduce variance for WPN - this would only be an issue if they were in serious financial trouble.  Also, the more spin n gos that are played the lower their overall variance is - so not allowing a site would actually do the opposite of the whole reason escrow is needed (weird to think about).

- Betcoin players make up well under 1% of the WPN/WTN player pool and if I had to guess, I would say the ave Betcoin player bankroll is much smaller than the ave of the entire network.  The top spin n go reward $150k (usually only 100k, but 150k during $60 jackpot plo promo).  So even a reasonable escrow request wouldn't be that much if they did it based on player share.

I think it would make much more sense to just pay Betcoin a fee based on a cut of the House Edge (I think 5 or 6%).

I also think those $60 plo jackpot sngs have got to be the easiest way to launder $500-$1k a day colluding without being detected,  which is why I don't think we'll be seeing them on  Betcoin ever.

Because unlike any other tournament of SNG, the rake isn't immediate, it's long-term.  The sites only 'win' on one multiplier (the smallest one), on all others the sites lose.  While it's likely that the sites will "win" every day, it's not definite, especially if one skin is very low volume.  Asking for the skins to escrow is WPN's way of protecting itself so that it's not on the hook for a 50k payment.

I think Jackpot Sngs would be one of the easiest ways to get away with dumping funds quickly.

Sure, you might lose 2 buyins 1/3 of the time, dump the chips the wrong way or get stuck  playing against the wrong 2 people once in a while, but they are quick and go up to $60 buyins sometimes.

I don't follow why WPN would need any escrow of funds.

This got me thinking:

Why?

Think about it...they already have integrated the WTN software into their client.  Every other WTN partner has integrated jackpots into their software.  We know why they haven't integrated WPN cash games (they aren't allowed and if they were allowed they wouldn't see the value in it as they'd lose money due to promo overlay and beast contribution).  We know why they haven't integrated WPN SNGs (they won't increase their security to prevent chip dumping/money laundering and would be fully on the hook if it happens again).

But why not jackpots?

It's not a money laundering/chip dumping spot because it's three handed and doesn't run at high stakes.  It's not a promo consideration because the rake is so low.  It WOULD add money to their pocket because there are tons of regs who would play it.  So it's got to be a liquidity issue.

In the jackpots, the sites that participate share the profits BUT ALSO THE RISK!  If a 25k gets it, and there are two ACR players and one BCP player playing, ACR has to contribute 16.6k and BCP has to contribute 8.3k.  That way it's fair for all participating skins.  This is different from when a Betcoin player wins big in a WTN MTT, because WTN reimburses Betcoin right away so Betcoin is never 'out' any money.  In this situation, Betcoin would have to take a potential long term loss if one of it's players hits a large jackpot multiplier early on.  It's very very very likely that WTN asks all skins participating in jackpots to put a certain amount of money into escrow with it "just in case"...I'm betting that Betcoin doesn't have that money to invest.  And THAT'S why we aren't seeing the games. 

Because they are broke.

It's the only logical conclusion.

Indeed.

I also doubt they will ever get Jackpot Sngs for the same reason they don't have regular sngs, or cash games. 

Their response is never an indication of reality, either way.  (ask for any feature that sounds like a good idea, they will say "it's already in the works" )

Betcoin.ag is no partner of the WPN and join the tournaments through the WTN!

http://www.winningpokernetwork.com/partners/