Maybe.

Or maybe he'll give it all back and then some in the next 20 minutes.

It just means that the investor bankroll has lost 27% (which will make the max bet lower as well.

Also, it looks like hes down 12 btc on dustdice.

Bankroll:    105,004,937 bits
Wagered:  2,057,379,113 bits
Investor Profit:    -27,281,233 bits
Bets:     18,664,467     

The owner of professionalrakeback.com recently posted on PokerFraudAlert in the Betcoin.ag thread. (LINK) 

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So you created a new account because you didn't want to tell me the name of your other account due to my idiocy and also because I'm a moron that wastes unbelievable amounts of time.

Even if I was unaware of how willing you have been to lie in the past, I would know you weren't being honest about why you made a "ftwbtc" account. 

I have a feeling if I ever find out details of your other account(s) I'm going to feel like an idiot for not figuring it out right away by your shilly/irrational behavior.

Would you mind sharing your name/who you are with us?  Please?  Something to call you to differentiate between other Betcoin employees.

You're not support?  Would you mind sharing your name/who you are with us?  Something to call you to differentiate between other Betcoin employees.

It can be confusing without knowing who is posting.  The previous "forum rep" for Betcoin (Jessica) it turns out was not very truthful with the community.

She made it seem as if her only title was "forum rep", as it turns out - she was part of management.  They probably didn't want anyone to know it was management behaving that way, and even "reassigned her"

Maybe I'm replying to "Jessica" right now...who knows. 

Evidence...as usual...

Today is Jan 25th.

The High Five Series is over.

Perhaps you should spend more time focusing on whats really going on instead of trying to manipulate what others think is going on.  
Just because you delete posts like this one from your website doesn't mean nobody will know that you took more money than you should for 4 weeks and then gave an extremely weak indirect excuse for not refunding everyone affected.




I suggest learning how to run a poker site, or hiring someone who does.

ftwbtc, I noticed you posted the same thing on Betcoins forum, which is interesting because when I check your profile it says you registered just this month and still a Bronze 3.



However, on this forum you have

• Claimed to have played on Betcoin since 2013
• Said you were active within the Betcoin community
• Said you were Gold Status over 6 months ago
• Called Bullshit on another player for not wanting to share his own screen name
• Asked me directly what my screen name was
• Made over 100 posts that make you seem more like a shill than not - all for Betcoin
• Told several blatant lies to defend Betcoin then acted as if it never happened by ignoring any reference to it (Sound familiar "BetcoinJessica" ?

So whats up with posting on Betcoin from a brand new account?

Here's some evidence, as usual, to back up my claims - starting back in Summer 2014...

I can actually amend the time frame as I found some hands today from 11/11 that were over raked. 
(Previously I only had proof this was happening as early as 11/14)


Hi sure,

First of all there are two variables that will affect how much rake is taken in a cash game: Percentage and Cap.

The percentage is determined before the hand and based on the number of players dealt in as well as the stakes (size of the blinds).

The Cap is the maximum amount that may be taken from any pot, no matter what the size is.  It's also determined by number of players and stakes, but only affects hands where the pot is large enough that the percentage is greater than the cap.

In lower stakes games, the percentage is a much bigger factor on total rake than cap. 

As you increase the stakes, the cap will influence the total rake more and more, to the point where it's really the only thing that matters (example:  25/50 NL, 2.5% rake with a cap of 2.  They will just be taking 2 every time a flop is dealt.)

I should also mention, only hands that see a flop are raked.  "No flop, no drop"

Betcoin used to advertise a very low rake structure. You can see what it used to be HERE

Sometime on or before November 11th, something happened which cause the cap to increase significantly.  On November 14th, it was brought to Betcoins attention, you can see the post for yourself HERE .  They did nothing about it until December 9th.  Their solution was to increase the cap all around, and remove it completely from HU tables (without any warning or effort to notify after).

This is how XiaoXiao summed all of that up, btw:



Examples:

• Heads up tables which should of had a cap of 1 chip were having up to 5 chips taken.  Every pot that was over 40 chips were being over-raked.
• Tables with 5+ players that should of had a cap of 2 chips were being capped at 6 chips instead.  The winner of every pot over 80 chips

This


This hand history text is from November 11th and the screen shot is from December 9th, over 4 weeks later.  They both had 6 chips taken, only 2 should have been. 



I believe a significant ammount of Betcoin was taken by Betcoin from these mid stakes, non HU cash games.  I think much much more was taken from the heads up tables.

This Screen Shot is also from December 9th, a high stakes HU match which should have had it's rake capped at 1 chip per hand (any time they saw a flop, the cap was met). 

Instead Betcoin was taking 5 chips, 4 EXTRA chips EVERY flop...for FOUR WEEKS.  HU games can easily get in 100+ hands an hour and see flops 75% of the time or more...





Xiao claims:


This is total Bull Shit, and I can't imagine how any would believe this unless they didn't understand how the system works, or they just so badly wanted it to be true that they somehow convinced themselves it was.

On average, less than two players per table will be eligible for over 100% rakeback at any time. 

0% of players receive 100% rakeback at Heads Up tables.

They are a MINORITY.

Even if these players each got 1,000% rake back, it wouldn't mean Betcoin shouldn't be responsible for every last chip of every last player that had money taken from them that shouldn't have been taken.


Dooglus seems to be one of the more trusted members around here and I think the way he phrased his question to Betcoin was good:



Betcoin deleted the post without ever responding.  It was posted in THIS THREAD Check it out and notice from the last couple posts it appears everyone is happy and all issues resolved.



https://www.betcoin.ag/ring-game-rake-testers-needed

This isn't a personal attack on you.

You've chosen to affiliate yourself with Betcoin and promote their services. 

I realize you are probably in a tough spot with all this passive income coming your way and not wanting to piss them off - that doesn't make it ok to just pretend like they are running things honestly.

Once again it seems like you've barely read a word of my time line and explanation...

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They knew about it on 11/14 and did nothing about it untill 12/9 (asked for "rake testers") and then increased the official rake.  I've proven this several times already. Thats more than 3 weeks and nearly 600,000 hands.  "Briefly?" 

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Very likely it was just an honest mistake to begin with.  If only they just returned the money, it still would be.

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This is a ridiculous assumption.  Almost as ridiculous as claiming it would take hundreds of man hours to process the refunds.  I would bet they EASILY took over 10 bitcoins in rake they were not entitled to and already explained why, did you read it? https://bitcointalk.org/index.php?topic=683727.msg13581711#msg13581711

Did you read more than 1 sentence of what I wrote? 

From your answer it seems like you skimmed through it and then just assumed I was because they increased the rake.

Are you implying that they raised the rake intentionally 3 weeks before ever mentioning it to the players?



The players that are are criticizing pokerstars from a ethical standpoint are claiming it was unethical for PokerStars to only give notice of the increase in November of the changes scheduled for Jan 1.

Betcoin admitted it was a mistake.


If I had access to their database of hands, I could probably have complete list of who is owed what within 3 hours.

Betcoin probably has no clue how to do this since theyve never had the need to learn how to read a hand history or use tracking software so it would take them longer, it's still their responsibility though.  In the past they've always just pick a number out of the air when they need to.


Your suggestion that they spend 200 hours on 300 players then another 200 hours refunding players who had less than 10 mbtc taken from them doesn't really make that much sense. 

They should spend as long as it takes to make sure all of their players receive the entire refund they are entitled to.


PokerStars doesn't collect more rake than they advertise.  If they accidentally did, they would return it immediately with a sincere apology.

In November they announced the rake would be increasing in January.

In January they increased it.

Do you understand how that's different from what BetCoin did?

WTF?

I just explained one of many examples, in detail, of how Betcoin stole 10+Bitcoin and then just ignored whoever asked them about it until eventually they stopped asking (except me).

You are pulling the same scummy BS as Betcoin ignoring the serious issues by spamming your thread to bury posts like this one. 

It's crazy how there isn't a single person that promotes Betcoin who has the time to investigate or comment on any of these issues...they don't seem to have any trouble finding time to promote though...

Speaking of which, did you happen to get a scammy looking email from bitstamp today?

I believe it was sent to everyone who gave their email to Betcoin.

Seriously?

Hi,

I think you forgot to address the concerns of myself, Wh0CaR3s, Darkdays and wwwin.

It's almost as if we are being intentionally ignored.

I've also submitted a ticket, asked on your forum (which I think may have gotten me banned, not sure though), sent an email and communicated with a few members of support who told me to wait for a response since Jessica wasn't around.


Please don't ignore me.  (or any of your players)

Thanks!

It wasnt like that before.

Happened to me too, but  I thought it was just bc I was drunk.

I apologize for assuming you were ignoring me and accusing you of such.

To be clear, my central complaint is about Betcoins dishonest/unethical behavior and their lack of transparency.  I feel they should hold themselves to the same standards as any regulated casino.  The fact that they aren't regulated shouldn't make unethical practices acceptable.

There have been many issues which have have resulted in some or all Betcoin players being owed money.  To be clear, I understand that shit happens and that there will always be these types of issues on any site.  My complaint is how they are handled.

When many players are owed money by Betcoin, if they decide to pay anyone at all, it will often be only those who complain - usually one at a time privately by negotiation where they pull a number out of the air rather than figure out the actual debt.

If only a few complain they might just keep the money and respond to the issue in some way that makes the majority think it's no big deal.

There are many examples of this behavior.  One of them is the how they handled the situation when they realized they were raking much more than they intended to according to the what was posted on their site.

The majority people (including yourself) believe it really wasn't a big deal - they payout over 100% rakeback so how could they be profiting if they increase their rake?



It may not have affected many lower stakes players (smaller stakes = rake cap is reached less frequently), but I can assure you Betcoin profited greatly from it.  I believe it was easily well over 20 bitcoins.  I can't prove an exact amount, but I can prove it was a lot, and I can prove they aren't entitled to it...

FACTS  (not opinions)

•   They first knew they were over charging players no later Novermber 14th
•   They didn't even aknowledge the issue untill I made THIS POST on December 9th.
  
  
•   Before eventually admitting the fact that they were taking more than they should, they denied it.
  Quote
  The rake is actually programmed correctly in the system with the proper cap but appears to be capping at 2 ($0.82) for most tables 5 ($2.14) for some tables and the highest of 8 mbtc ($3.43) for very few tables.
  
  
•    Players asked about refunds.  They have yet to provide a direct answer, but implied that they would be keeping all of it because most players were receiving more than they should:
  Quote
  Refunding players who have been overpaying is a bit more complicated because most players are actually getting more than they should!
   
  
  
•   All responses to this statement have been ignored.  All (or most) have been deleted.  Here is a response by dooglus (well known member on this forum, owner of just-dice) which was deleted from their forum.  My comments ( I am OHYEAH) were also deleted, and I was banned for making them almost immediately.:

•   From 11/14 - 12/9 over 588,000 hands were dealt at Betcoin
•   There is evidence of the cap being too high on 11/14, 12/9 and many days in between.  There is no evidence of the cap being correct at any time during this period.
•   At any given time, no more than two players per table are receiving over 100% rakeback. 
•   Heads up cash tables are not eligible for rake back.
•   Example:  The rake should have never been more than 2.5% with a max of 2 chips per hand at the following table and we see 6 being taken.  A maximum of 2 are getting 100%+ rakeback, possibly 1 or 0.   So a MINIMUM of 4 out of every 6 pots larger than 80 chips results in Betcoin taking funds they aren't entitled to.

•   Example: High stakes Heads Up Match.  The rake should be capped at 1 chip but they take 5 chips.   Because of the stakes, every time they see a flop - Betcoin took 4 more chips than they should have.  It may not seem like much, but consider they played a 200 hand session (less than an hour) and saw 70% of flops.  Betcoin would have ended up with over 500 chips that would simply be unethical to keep.

•   Betcoin was aware this was happening and did nothing for WEEKS while they dealt over 588,000 hands (I believe tournaments are included in this number to be fair)

Well there's just one example of many.

Ive been banned like 6 or 7 times in the last 2 months for trying to get them to respond to this issue and many others.  They pretend like it doesn't exist, then ban me and try to discredit me by lying to other players about me and rewarding those who try and troll me.

They have not explained how every single users email and user name got into the hands of whoever sent the email.

If they handle this situation the way they have handled similar issues in the past, they will either refuse to address the issue any further or lie about it.  Then some sort of giveaway or freeroll which involves posting good things about them to qualify.  This will make them too busy thanking everyone for the compliments to respond to those "trolls who even complain when they give away money"