So I noticed recently Xiao posted this:

So I did some investigating because I have paid thousands in WPN MTT fees and never heard of this. It's not mentioned anywhere on Betcoins site.  In a forum post I found, they even stated the oppopsite:

https://www.betcoin.ag/vip-affiliate-rakeback-tourney-fees-betcoin-explained

September 1st I opened a ticket because of significant missing rakeback and status points which lead to my eventual ban and all of this when they refused to address the situation so I decided to ask support if it was true.

It was my lucky day as the ever so pleasant "Expert Support Supervisor" George was on duty:





I'm guessing george wasnt the employee who wrote me this pm recently:

Hopefully it's because I'm burning Betcoin to the ground: https://bitcointalk.org/index.php?topic=1322261.40

It's unregulated.  They don't have a license.  Anywhere.  Same as swcpoker

You won't find mention of one anywhere: http://www.winningpokernetwork.com/

Betcoin may not even have a headquarters.  Up until a few months ago it was literally just 3 or 4 guys running the show.  Now they have 4 or 5 CS people and the 3 or 4 guys are now the "managers"



I live in NJ and have played full time on the regulated sites here since day 1.  I also play on 5dimes, betdsi and moneybooker which are all partners of WPN (unlike Betcoin) and they have no problem letting me play and they know where I live. ACR, Blackchip Truepoker (also WPN partners) won't let me play.  I can't play on Bodog either.  Betcris doesn't accept Americans at all anymore.

I'm not sure how Phil gets away with his identity and position in the public, but I know the feds have tried and failed at shutting down Bovada and arresting Calvin Ayres, and probably aren't to happy with WPN either.

I think ACR fucked up in early 2014. They were airing the WSOP National Championship from the Boardwalk in Atlantic City on ESPN, sponsored by WSOP.com (a regulated NJ site).  ACR bought a ton of commercials, literally one every break at least making "legal online poker" look like a joke compared to the tournaments they guaranteed. Caesers got pissed and got NJDGE to do something - it worked.



Getting back to Betcoin-

They aren't even part of WPN.  They're in the Winning Tournament Network (WTN) which means WPN sells them entries to their tournaments for 50% of the fee.

Betcoin has their own network of players, they run their own cash games and Bitcoin only tournaments, and nobody even know who the fuck they are.  There's nobody in costa rica that knows anything about how Betcoin runs their business any more than you or me.

3 easy steps to create your own site and have instant liquidity with WTN: http://www.winningtournamentnetwork.com/service/



Here's what WPN Tourney Director said in November about Betcoin:

Like most of my posts, the purpose is the truth.
Will you please respond to this?  PM or here or anywhere,  I don't get why you have such a attitude.

Not sure where you got that info from about WPN being regulated, but it's wrong, they do not have a license from anyone.  Betcoin doesn't have a license either.  You think Kahnawake would license a site with 0 KYC requirements?   This is unregulated poker, the players either need to stand up for themselves  when shit happens or bend over and plan on staying that way.


fwiw, This thread was moved to scam accusations by a mod.  I started it in  MarketPlace > Gambling forum because I don't even know what the definition of "scam" even is these days.  

I don't think I ever called them a scam either.  I may have called their behavior "scammy", but as far as the accusations I've made about them stealing funds, I think they all began as an innocent mistake; a result of their incompetence.  It's the way the handled the situation that is the real issue imo.

For example the rakeback:

Nov 1 I think its reasonable to give them the benefit of the doubt that at 00:00 server time on 11/1/16 the rake cap was increased significantly without them realizing it.

It's also reasonable that it took more than a week before anyone noticed since rake, like most ways casinos profit, is designed so that the player barely notices it's happening in the first place.

The issue im trying to draw attention to is that a player (ungod) alerted them about the issue November 14th, yet they did nothing about it until December 10th.  (the day after I raised hell on the forums)

Then, their solution was to raise their rake officially and refuse to refund anything they had "accidentally stolen"

I have a theory on why their not paying back the players, as well.  I don't think they have anyone on staff that even knows where to begin when it comes to calculating the refunds.  I can't remember if it was plo8monster or management but someone seemed to think 600k+ hands would take hundreds of hours to analyze and figure out who to refund and how much.  Anyone with a basic understanding of online poker knows that all you need either Holdem Manager2  or Pokertracker4 and someone who knows how to use it and you could get it done in an hour or two.

Instead they ignore it for months:





Now here we are, almost march 1, they still haven't done shit, so at what point do they go from idiots to idiot thieves?

Is it not stealing if some most of the players dont notice?

I do intend on creating a petition to get Betcoin booted from the WTN on twoplustwo, hopefully I can convince phil that they do way more damage to the integrity and reputation of the network than the 0.5% total liquidity they offer.


One more thing:


I remember the entire Ultimate Bet scandal unfolding on twoplustwo.com, a forum just like this one.  They probably would of gotten away with it if the players thought discussing it on a forum was a waste of time.

Or the managers were not working today and forgot to make it rain free tickets on all the beggars. 

Hi

I'm being told that if a player buys into the $200+15 Betcoin Poker Sunday Special, they will only receive VIP rewards based on a $7.50 fee, even though they pay $15.  

Lets say the player is silver 1 (like I was before you closed my account)

And $15=34 chips

According to your terms found here: https://www.betcoin.ag/vip

The player should expect 170 status points, and 26.6% of the $15 fee returned ($3.99 or ~9 chips)

This was sort of clarified in this post: https://www.betcoin.ag/vip-affiliate-rakeback-tourney-fees-betcoin-explained



HOWEVER,

It one of your affiliates (the one you pay more than any other affiliate) has posted that Betcoin only rewards their players 50% of what they advertise for tournaments on the WPN.

This would explain why I was missing almost half of my rakeback, but Andrew and William never thought to mention they were paying everyone half of what was advertised.

Please clarify.


If Betcoin ignores me as usual, could someone who they usually respond to please repeat question?

Betcoins Daily 1 bitcoin guarantee couldn't even get the minimum 3 players today so it auto cancelled...on a Sunday.

Maybe the whole "lets just pay people to say good things about us so we can do whatever the fuck we want" strategy isn't working after all?




lol

Not if you only use Bitcoin.

I cashed out over 25 BTC recently from 5dimes in under 3 hours.

Tip: After requesting cashout from any of those site, keep an eye on your spam folder, sometimes the confirmation email you have to respond to ends up there.

I hear there are currently issues with Bitcoin withdraws at ACR, some players dont have the option, I think Blackchip may have the same issues but can't say for sure. 

Also, both those sites require dox and wont let players register from certain countries or US States. 

The ones I mentioned don't care where you live and don't require dox.

If you really want to play tournaments for Bitcoin, I suggest 5dimes, BetDSI, or bookmaker.eu   

You can play all the big field tournaments that Betcoin has and more plus spin n gos, and way more cash game action.

Betcoin is dishonest and doesn't deserve anyone's business at this point, read this thread : https://bitcointalk.org/index.php?topic=1322261.40

The players demand you return the funds you stole. 

Is everyone excited for the big announcement betcoins been working on for months tomorrow?

I think the affiliate model FJ and Betcoin are using is broken.

If I were an affiliate I wouldn't be happy the way you were trying to poach players and rewarding those who choose to multi-account (considered cheating most sites)

(Although you did give me the right answer earlier, ill give you credit for that)

What should one do who already has accounts at these sites?

Message from Betcoin staff in player chat (after banning me) after I sent them link to this thread:





I ventured into the sig campaign thread last week when I saw an alt of a Betcoin Shill who was already a member of campaign apply: https://bitcointalk.org/index.php?topic=1236667.msg13958558#msg13958558

It went how I thought I would:

That is a WPN freeroll they have all the time.  It's a super satellite, the 5 seats they are giving away are worth $6 each, not $215. 





In other news, your players got another phishing scam email this week.  Any idea why?

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Phishing attempts sent to emails that were used only to register Betcoin account.
They have not accepted responsibility.

(The first email is actually from Betcoin, I think, and likely related )

---

---

Attachment: Invoice.zip (56 kb)  [did not open]

---

Link: http://141.105.69.206/dn/?e=V1hwT2JFNUVaM2RhVkZKQllqTkNhR1ZZUlhWWk1qbDA=

---

---

Body: Empty
Attachment: invoice.zip attached (52kb)

---

"download" is hyperlink to: http://178.33.182.131/security.exe

Phishing attempts sent to emails that were used only to register Betcoin account
They have not accepted responsibility.

(The first email is actually from Betcoin, I think, and likely related )

---

---

Attachment: Invoice.zip (56 kb)  [did not open]

---

Link: http://141.105.69.206/dn/?e=V1hwT2JFNUVaM2RhVkZKQllqTkNhR1ZZUlhWWk1qbDA=

---

---

Body: Empty
Attachment: invoice.zip attached (52kb)

---

"download" is hyperlink to: http://178.33.182.131/security.exe

Betcoin users Logins and Email addresses were compromised sometime around last New Years.  Phishing attempts have been sent as recently as Feb. 24th, almost two months later. 

The following emails were sent to an email address which was never used for any reason other than registering at Betcoin.  Some were caught by spam filters.  The emails with text in the body were addressed to the players login name.  (In many cases, a Betcoin players login is different than their screen name.  In more than one case, a player with a relatively private login was used in the email.)

Betcoin claimed they were not attacked and have yet to accept responsibility. ( If this surprises you, you probably haven't read THIS THREAD )


If you gave Betcoin an email address anytime before 2016, please confirm whether or not you've received anything identical or similar.


(The first email is actually from Betcoin, I think, and likely related)

---

---

Attachment: Invoice.zip (56 kb)  [did not open]

---

Link: http://141.105.69.206/dn/?e=V1hwT2JFNUVaM2RhVkZKQllqTkNhR1ZZUlhWWk1qbDA=

---

---

Body: Empty
Attachment: invoice.zip attached (52kb)

---

"download" is hyperlink to: http://178.33.182.131/security.exe

Bump

pm 3+ weeks ago
posted reminder over a week ago
Your listing the house edge as if you were paying out 100x for ROyal in Carribean (which is standard)
But you're paytable is 50x for royal, same as SF (Not Standard)

You're "auto-bet" adds over 11% to the house edge.

I think you should change the Royal to 100x and get rid of bot or teach it to only raise 1 pair+
(or tell me I'm wrong...I could be missing something I guess)



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