Great idea, it's good to discuss without someone deleting every negative comment about their site.
However, I do have one question as I am not familiar with BetcoinRakeback; what's wrong with their site that makes them self moderate their own thread? Do they have issues paying out users?
Yes, they did not pay a 500 Bitcoins jackpot
BetSoft Non-Payment of Jackpot and customers occasionally report cashout issues:
The more concerning part is that their rakeback model is not sustainable! According to main participant and main liar Xiaoxiao, they give in average
100% rakeback:
A) It is mathematically and juridically absolute correct to use the average numbers:
1) According to liar Xiaoxiao, his referred players paid
BTC75 rake in August
2) 33% fix from betcoin.ag in form of Xiaoxiao + 30% vip rakeback + 25% tablestarter = 88% in average + the countless too good to be true promotions, (do not know) maybe 12% in average =
100% rakeback in average!!!
3) From the
BTC75 rake paid in August, betcoin.ag paid
100% back to players and made a 0% gross revenue
4) Xiaoxiao received 40% commission of the
BTC75 rake paid =
30 BTC5) Xiaoxiao's or better betcoin.ag's behaviour created a
- 30 BTC LOSS in August
6) This clearly confirms that Xiaoxiao is a
participant of the betcoin.ag scam (and not only an affiliate), as a legitimate company would never pay 30 BTC from their pocket to a foreign affiliate!
B) For the WPN tournaments betcoin.ag join thru the WTN, they receive 50% of the entry fee:
1) If a player pay e.g. a $20 entry fee, betcoin.ag receive $10
2) Betcoin.ag give to the player in average
100% rakeback for the $20 entry fee and this means that they pay $10 = 50% of the entry fee from their pocket!
C) Even though betcoin.ag aka Xiaoxiao is a big liar and we should not believe anything, he confimed that the
BTC75 rake generated in poker lead to only
BTC2,5 revenue in sports and casino.
Therefore, the laughable sports and casino revenue can in
no way cover the unsustainable rakeback model for poker!
This calculation confirms that the betcoin.ag scam pays the too good to be true promotions, 58-133% rakeback = 95,5% average + surprise boxes + affiliate commissions + signature campaigns + software provider fees + employees + infrastructure and whatever costs from the player deposits/not paid jackpot winnings/scams and this is called PONZI SCHEME!If you think that as long as they process withdrawals everything is fine, then you are absolutely wrong! Because if they have an unsustainable business model, they must use the player deposits. Or do you think that the selflessly Xiaoxiao, who only want to help others, pay everything from his
own pocket?
Betcoin.ag processing withdrawals means nothing more than they have at least 5-10% of the account balances available!Censorship and moving all threads to
self-moderated is the clear sign that they are in the last stage of their scam!