DarkDays
Legendary
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Activity: 2030
Merit: 1189
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October 07, 2016, 06:57:02 PM |
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I don't follow why WPN would need any escrow of funds.
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. |
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TwitchySeal (OP)
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Merit: 2014
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October 14, 2016, 11:35:54 PM |
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I don't follow why WPN would need any escrow of funds.
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 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. |
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Beefheart
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October 16, 2016, 10:25:23 PM |
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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
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TwitchySeal (OP)
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Activity: 2520
Merit: 2014
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October 16, 2016, 10:36:31 PM |
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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 ***
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DarkDays
Legendary
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Activity: 2030
Merit: 1189
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October 17, 2016, 04:20:28 AM |
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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.
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pokemanvanish
Member
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Activity: 71
Merit: 10
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October 17, 2016, 06:12:35 AM |
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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.
So they delay to pay the money wins in the tourneys? Damn it is serious issue,i have long time no play there. |
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game-protect
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October 17, 2016, 06:48:36 PM |
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So they delay to pay the money wins in the tourneys? Damn it is serious issue,i have long time no play there.
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. |
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NiceSoft12
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October 18, 2016, 03:15:50 AM |
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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.
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TwitchySeal (OP)
Legendary
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Activity: 2520
Merit: 2014
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October 18, 2016, 03:18:36 AM |
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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.
Who is they? You don't think Betcoin has anything to do with the mac client release...do you? |
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DarkDays
Legendary
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Activity: 2030
Merit: 1189
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October 18, 2016, 09:34:05 PM |
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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.
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. |
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Ryan Dugan
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October 18, 2016, 10:58:42 PM |
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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 .
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marlais
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October 18, 2016, 11:02:32 PM |
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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 know I could open a ticket, but my last two were never responded to so not confident in the process.
I have opened a ticket, but thought the community should be made aware of the situation (as I have NEVER encountered this in many years of online poker)...
it's called transparency, and shows integrity.
We absolutely love that you enjoy playing at Betcoin so much and spending so much time at Betcoin. We however are not a big fan of the spam but understand that it comes with creating something that people enjoy spending time at. We immediately are always suspect when someone states that a ticket was not responded to and we ask the players login name and they don't give it. You had one previous ticket that was answered in fact very quickly. Once we saw this statement "two tickets were never responded to" and confirmed you only had one ticket which was responded to quickly, we knew we had someone who wasn't telling the truth and when that person then says "transparency and integrity" we know exactly who that player is. We confirmed it using other factors as well. You should play with your main account as you have gained some valuable status points and we now have better ways to filter spam. Clearly you enjoy playing at Betcoin and we really don't want to take that away from you ever. We appreciate all the time you spend at Betcoin, but we kindly ask that you please stop spamming our thread. Thank you and good luck at Betcoin.ag! 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. |
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gadman2
Legendary
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Activity: 977
Merit: 1000
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October 19, 2016, 01:05:38 AM
Last edit: October 19, 2016, 01:56:23 AM by gadman2 |
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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: Xolr,
Your withdrawal for 0.00177000 btc has been sent to 0.00177000 1BSkZ4tFJDxqeuEuZzSoEwFupbvNgucNkU. 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. |
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DarkDays
Legendary
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Activity: 2030
Merit: 1189
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October 19, 2016, 02:29:39 AM |
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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: Xolr,
Your withdrawal for 0.00177000 btc has been sent to 0.00177000 1BSkZ4tFJDxqeuEuZzSoEwFupbvNgucNkU. 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. How long had it been since you logged into your account? It's possible that they are stealing 'dormant' customer funds. |
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TwitchySeal (OP)
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Activity: 2520
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October 19, 2016, 02:32:36 AM |
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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: Xolr,
Your withdrawal for 0.00177000 btc has been sent to 0.00177000 1BSkZ4tFJDxqeuEuZzSoEwFupbvNgucNkU. 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. How long had it been since you logged into your account? It's possible that they are stealing 'dormant' customer funds. How much was in your account? |
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TwitchySeal (OP)
Legendary
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Merit: 2014
Join the world-leading crypto sportsbook NOW!
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October 19, 2016, 02:44:35 AM |
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Betcoin announced more vip freerolls: 1) 06, November 2016 - The Bronze II 500 mbtc Freeroll at 15:00 EST - All players VIP Bronze II level and higher will receive a ticket to this tournament
2) 13, November 2016 - The Silver III 1,000 mbtc Freeroll at 15:00 EST - All players VIP Silver III and higher will receive a ticket to this tournament
3) 20, November 2016 - The Gold III 1,500 mbtc Freeroll at 15:00 EST - All players VIP Gold III and higher will receive a ticket to this tournament.
Ignoring questions on if they are monthly, why gold got reduced, and what about Emerald+ players: "Monthly 25 BTC Master Freeroll Daily Master Surprise Box" "Monthly 10 BTC Diamond Freeroll Daily Diamond Surprise Box" "Monthly 5 BTC Ruby Freeroll Daily Ruby Surprise Box" "Monthly 3 BTC Emerald Freeroll Daily Emerald Surprise Box" "Monthly 2 BTC Gold Freeroll Daily Gold Surprise Box" "Monthly 1 BTC Silver Freeroll Daily Silver Surprise Box" https://www.betcoin.ag/vip-players-club-1 |
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gadman2
Legendary
Offline
Activity: 977
Merit: 1000
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October 19, 2016, 03:02:50 AM |
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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: Xolr,
Your withdrawal for 0.00177000 btc has been sent to 0.00177000 1BSkZ4tFJDxqeuEuZzSoEwFupbvNgucNkU. 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. How long had it been since you logged into your account? It's possible that they are stealing 'dormant' customer funds. How much was in your account? I'm not even sure what's in there or if there's any left. There was 0.00177 and 0.0003 withdrawn. |
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actmyname
Copper Member
Legendary
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Activity: 2562
Merit: 2504
Spear the bees
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October 19, 2016, 03:25:43 AM |
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I'm not even sure what's in there or if there's any left. There was 0.00177 and 0.0003 withdrawn.
What did you use for Betcoin registration that's the same with your localbitcoins account? (Email, password, username)? It may have been a security leak, either from a third-party source, or in the worst case, Betcoin, attempting to quite simply scam user information before anything is done on the main site itself. After all, the announcement of the VIP freerolls would increase volume (potentially anyway) so it's the perfect time to start the exit scam. |
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game-protect
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October 19, 2016, 03:26:36 AM |
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Betcoin announced more vip freerolls: 1) 06, November 2016 - The Bronze II 500 mbtc Freeroll at 15:00 EST - All players VIP Bronze II level and higher will receive a ticket to this tournament
2) 13, November 2016 - The Silver III 1,000 mbtc Freeroll at 15:00 EST - All players VIP Silver III and higher will receive a ticket to this tournament
3) 20, November 2016 - The Gold III 1,500 mbtc Freeroll at 15:00 EST - All players VIP Gold III and higher will receive a ticket to this tournament.
Ignoring questions on if they are monthly, why gold got reduced, and what about Emerald+ players: "Monthly 25 BTC Master Freeroll Daily Master Surprise Box" "Monthly 10 BTC Diamond Freeroll Daily Diamond Surprise Box" "Monthly 5 BTC Ruby Freeroll Daily Ruby Surprise Box" "Monthly 3 BTC Emerald Freeroll Daily Emerald Surprise Box" "Monthly 2 BTC Gold Freeroll Daily Gold Surprise Box" "Monthly 1 BTC Silver Freeroll Daily Silver Surprise Box" https://www.betcoin.ag/vip-players-club-1Same empty promises = willful deception like their jackpots do not get paid! |
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DarkDays
Legendary
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Activity: 2030
Merit: 1189
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October 19, 2016, 04:16:52 AM |
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Betcoin announced more vip freerolls: 1) 06, November 2016 - The Bronze II 500 mbtc Freeroll at 15:00 EST - All players VIP Bronze II level and higher will receive a ticket to this tournament
2) 13, November 2016 - The Silver III 1,000 mbtc Freeroll at 15:00 EST - All players VIP Silver III and higher will receive a ticket to this tournament
3) 20, November 2016 - The Gold III 1,500 mbtc Freeroll at 15:00 EST - All players VIP Gold III and higher will receive a ticket to this tournament.
Ignoring questions on if they are monthly, why gold got reduced, and what about Emerald+ players: "Monthly 25 BTC Master Freeroll Daily Master Surprise Box" "Monthly 10 BTC Diamond Freeroll Daily Diamond Surprise Box" "Monthly 5 BTC Ruby Freeroll Daily Ruby Surprise Box" "Monthly 3 BTC Emerald Freeroll Daily Emerald Surprise Box" "Monthly 2 BTC Gold Freeroll Daily Gold Surprise Box" "Monthly 1 BTC Silver Freeroll Daily Silver Surprise Box" https://www.betcoin.ag/vip-players-club-1Just a small correction: last month all three freerolls had 1 BTC prizepools. This month the Bronze prize pool is 500m BTC lower and the Gold 500m BTC higher. |
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