Topic: MUST AVOID BETKING: What Happened to the 50 BTC Jackpot? Was It Just A Fraud? - page 7. (Read 20128 times)

I was booted from the betking telegram channel by Dean for simply asking a harmless question.
It seems like he doesnt appreciate anyone questioning his authority.
The way he edits his own thread and re-locks it is very unethical.
Starting to have my doubts with this guy,

No. He specifically advertised a 50 BTC Jackpot dice game after the ICO to advertise the success of the ICO and to pull customers in. It seems from what people are saying there 50 BTC jackpot never existed so he had no intention of paying it.

From what has been written it seems there was a rollover type which had odds of around 10 billion to one to win the 50 BTC jackpot dice game. So was it fraud to advertise it?

Did the qualifying games contribute to the 50 BTC jackpot?

Betking together with all ICOs that have caused the bagholders of their tokens to lose an amount of their investment in the bear market. I reckon if you go after one, you should go after all. I suggest you to also expand your service to token fraud ICOs.

This thread was about the elusive 50 BTC Jackpot dice game. Nobody has come forward to explain where the rollover went. That much has been clarified that nobody won 50 BTC at Betking and the idea was (by Dean Nolan) that nobody was ever going to win it with odds of 10 billion to one as highlighted by another user in an earlier post. the question then arises, was it a scam to entice customers to bet? It it was then what can be done next. If it was not a scam then why did Dean Nolan do it and in relation to the elusive 50 BTC dice game, what was the amount that was rolled over that was son instead.

About what you are referring to, it is virtually identical to the one Dean Nolan closed down in December 2016 with a view to having an ICO. He completed the ICO and re-opened the same site with many people saying that the portion of ICO funds which were to go towards "developing" the website actually went in to his pocket because the website was ready anyway - hence the accusations people made he had the ICO specifically to pocket the "development" portion of the funds. 50% of the ICO funds were supposed to go towards the bankroll but there is no proof he did it.

Would you like to bet on a site where the owner did that to investors? If your logic is to do it because your losses will be contributing towards the investors profits then that is your prerogative I salute you for your stance.

If you have this statement then you are asking for players on betking to lose more so this case will be solved? When big whale lose big, I think it will be good to investors and their ico. This is not suppose to be this way. Do you ever heard anything about their clarification about what really happened on their funds? And where does it go? I do not think they will speak up about this until everyone forgotten and never said anything about this again

what happened to your fortunejack sig lol


<---------------------------------------------------- look







making a lot less btc then before. that sucks

not defending them at all , there is a fact that all users never had a single problem when playing with Betking so customers have no problems
if investors who want their btc back can get them then yeah that would be great , but will that happen ?? no I can't see it happening

these discussions won't help investors at all

I have to admit you are the perfect lawyer for the online gambling community!

I already informed that BetKing commited an investment fraud with not fulfilling the investment contract seriously. 30% of the investment should have been spent to built up the casino, what clearly did not happen!

Means investors can withdraw from the contract and demand their crypto currencies back!

yeah but whats the point of making a thread stating MUST AVOID BETKING , I mean he does care about investors right ? if people avoided Betking investors will actually lose more so what's the point ??

as a player you should have a perfect experience with betking , yeah investors agreed on ICO terms and lost money but the site for players is good actually

So after that very long post I confess I could not be bothered to read it, I scrolled to the bottom only trying to stop to read a line here or there. Here are the key points of the ICO:
https://betking.io/ico

Anyway, the point being where is the evidence that Dean Nolan followed through with what the whitepaper stated? Do not copy and paste previous posts about which promises Dean Nolan made and what the whitepaper stated. If you have any proof that shows he followed through with the whitepaper promises I look forward to reading them.

Instead of Dean Nolan providing evidence to either refute what others are saying or him providing the very least information to show where the funds are have been spent and what is left, all we get is him locking the Betking thread and him trying get me banned (which was ignored) and him throwing his toys out of his pram and spit his dummy out by refusing to answer questions.

Now about the Betking 50 BTC Jackpot dice game, I already made my point.

My opinion is not important but that is what people say, they call Betking and Dean Nolan scam and scammer. Many people say that.

I think I have already explained you how 50 BTC Jackpot works. If I, not investor or related to betking, have found this information in only few minutes of reading, I am not sure how you fail to do your own research in last, i don't know, 2 weeks or so.

Where was that stated? Link me to their whitepaper, I am lazy to search again.

Max win =/= Jackpot.
Someone has already explained it.

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As for your question regarding tokens, I've found this at site:


And ICO:


And then this:


So investors didn't invest only in bankroll, they invested in promotion of the site too.  

I am not sure why formula is...
Initial token price + ((profit*BTC price) / 100,000,000) = token price
...are there 100,000,000 tokens in bankroll? Why was ICO price calculated with 100,000,000 tokens and not 70,000,000?  

Hm...
30% tokens are used for promotion(2,785,800$)
At least 50% of funds raised during ICO are used for bankroll (50% of 6,500,528.48$ = 3,250,256$)

With this calculation, 6,036,064$ are used for marketing purposes, development etc and 3,250,256$ should be in bankroll.  

BUT this is only in case 50% funds collected during crowdsale are in bankroll. Where can we find info about bankroll?

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From site:
How much funds goes to bankroll now?
How much tokens were bought back from investors?
How much tokens are available at the moment?

What is size of bankroll?
What was the size of bankroll after ICO?
How many funds were used for promotion, development etc?
How many funds are left for promotion, development etc?

This IS investors money and these questions should be answered directly to investors.
So, instead of writing speculative esay's ask questions directly.

There was no 50 BTC Dice jackpot, the wording used was different from what was on offer. Another word was used at a later date "progressive" to the 50 BTC Jackpot.

Anyway at odds of around 10 billion to one nobody was ever going to win. It shows around 10 BTC for "max win". So it seems the fact that nobody won the 50 BTC because it was never really there in the first place to win means that people are rightly calling it "shady" and a "scam".

Dean Nolan is now using the word "progressive" so at least that means will not get confused (or scammed) depending on how you see it or interpret the intention behind it.

Well, for fairness' sake, I must say that that's not what Google tells me when I search for "Betking" and "Dean Nolan". And, this is really interesting, when I add  the word "scam" to the search I can see only your posts popping up in the search results. How can you explain this?

From my personal experience, and I said it already more than once, Betking.io is a legit gambling site, much better than many of others I had an opportunity to try.

Dean Nolan will never show proof of the Betking cold wallets because it will expose the fact that 50% of the ICO funds did not go bankroll and probably next to nothing is there

Dean Nolan will never show proof of the Betking cold wallets because it will expose the fact that 30 million of the Betking tokens that the ICO funds created did not go towards "development, promotion and legal"

To many people it seems he siphoned off large chunks of the ICO funds to his own pockets from the clause where 30 million of the Betking tokens could go towards "developement" because the website needed little updates or development at all. Also to many people it seems he did not put any funds in a cold wallet and to many people it seems he did not use 50% of the ICO funds to bankroll but that was the main point of the ICO whitepaper.

Regarding the 50 BTC Jackpot Dice game he advertised it as a simple roll your dice and maybe win 50 BTC in the first one and then changed the wording to this one from June 2018 in anew attempt. Now using the word "progressive"  
https://testboo.com/betking-io-review-bitcoin-casino-win-50-btc-progressive-jackpot/

My opinion is not important but that is what people say, they call Betking and Dean Nolan scam and scammer. Many people say that.

It can be really hard to follow the winner of online gambling sites, because of there play people from over the world and identity is hidden. It is pretty possible that the jackpot gone nowhere or to one of owners or workers. I think there is such possibility for every gambling site.

I think after the warm feed back I received from the community exposing the manner in which Dean Nolan and Betking do business, I might try to expose more underhanded operations and scams but not sure right now.

What I achieved in highlighting scams is a sense of satisfaction. When community members join in it shows them they are allowed to voice thier views and communicate with others who feel they have been scammed.

Just because a service might be operating "properly" does not mean much if the ICO whitepaper proposals were not followed through with. In the case of Betking and Dean Nolan it is clear that he cannot provide details of expenditure. In the end the onus is on Dean Nolan to prove he followed through with the whitepaper.

To many people it seems he had closed down the Betking website in December 2016, then re-opened a near identical site in late 2017 after an ICO when there simply was not one needed.

To many people it seems he siphoned off large chunks of the ICO funds to his own pockets from the clause where 30% of the ICO funds could go towards "developement". Also to many people it seems he did not put any funds in a cold wallet and to many people it seems he did not use 50% of the ICO funds to bankroll but that was the main point of the ICO whitepaper.

Dean Nolan even insulted investors by saying they should have shown "due-diligence" before parting with their monmey because they did not read the small print about the Betking token valuation when the large print was promoting "7400 BTC in profits" and all that nonsense. Since then Dean Nolan seems to have edited his post and removed those words but nevertheless he wrote them.

Add to that what people are calling "scam" because he advertised a 50 BTC Jackpot Dice Game only for that not to happen in the way that he advertised it.

My opinion is not important but that is what people say, they call Betking and Dean Nolan scam and scammer.

other casinos show proof of their cold wallets as well, I don't see why Dean cannot do that.

Thank you for the making that clear. But it would also be important to call upon the investors who feel that they were scammed and let them speak in the thread.

Also after betking, will you investigate bitdice next?