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Author Topic: BetKing.io Is it a blatant scam?  (Read 3745 times)
JollyGood
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July 26, 2018, 11:27:56 AM
 #1

BEWARE OF BETKING.io AND DEAN NOLAN!!

So Dean has locked the Betking thread because a few of us were asking questions about his business model and real expenditure of funds related to the ICO. https://bitcointalk.org/index.php?topic=2150057.0

Before the thread was locked ETTKS wrote https://bitcointalk.org/index.php?topic=2150057.msg42880775#msg42880775:

" You guys are missing the incredibly obvious. At the time of the ICO, the amount of crypto raised is priced in USD and the token is valued in USD. However by Dean's own admission he holds the crypto and never sold for USD. This means if the value of the crypto goes up (like it has) Dean personally gets free money. But if the value of the crypto went down, Dean can just fold betking up or even just say it can't afford to do buy backs. Which is true. So the whole betking ICO was just a way for Dean to expose himself to profit if crypto went up, and expose himself to nothing if it went down. This is why he has no real reason to work on the site, it was never about it. But being blunt, it's completely investors fault for buying into it. The terms were straight forward and obvious. They bought into the ICO mania, and will need to pay for it. "

So where did all the funds go? If the games were cheap $500 games licenced or purchased and implemented in to a bootstrap website why on earth did Dean have an ICO? Why did people buy in to it and is chazley right when he wrote https://bitcointalk.org/index.php?topic=2150057.msg42653726#msg42653726:

" I've heard Cubeia poker software costs ~$500. Could be wrong, even way off. Even if it was $10000 though (it's not) that's a tiny, tiny fraction of what you raised. Go ahead and focus on semantics to distract from my overall point though. And yes, I do keep up with this because I invested time into trying to stop people from investing in this ICO from the beginning because I knew better. The fact the site is basically abandoned and people lost very large sums of money in the process really sucks for those people. You try to justify it by going on about the USD token value when it's just completely absurd and disingenuous. Then again, you've gotta be able to sleep at night after taking all their crypto so I understand it. Sorry to all those who invested out there. "


And before the thread was locked the user iluvbitcoins was within his rights to ask a simple question:

"How is it possible that our total investment was worth 6.5 million and the token was worth 0.09286$
And now it's worth 14 million and the token is worth 0.0967$."


Is Betking a scam? What is Dean Nolan the "brains" behind Betking playing at?

 Shocked
   

SCAM ALERT ┤                                            || ADAB 'HARAAM' EXCHANGE || Adab exchange scammers are willing to accept ICO funding from the following and more: prostitutes, porn actors, those currently behind bars in prison serving prison sentences, those that sell drugs/narcotics, those that manufacture test and sell weapons, those that own publications online/print media cursing Muslims and those that have anti-Muslim agenda, those that own transport or sell alcohol or own breweries AVOID ADAB 'HARAAM' EXCHANGE
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July 26, 2018, 12:51:43 PM
 #2

You bring up some valid points.
Maybe he has decided to take his ball and go home (or in this case his investor's money).  Shocked
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July 26, 2018, 02:18:42 PM
 #3

Is Betking a scam?

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Do you think BetKing is a scam because ETTKS assumes that Dean would have just folded if the value of the crypto would have went down?

What are the terms and conditions of the ICO?

Are investors allowed to sell their tokens at any time?


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July 26, 2018, 03:26:01 PM
 #4

You bring up some valid points.
Maybe he has decided to take his ball and go home (or in this case his investor's money).  Shocked

I always thought something was not right about this ICO. At the time it was planned the posts were all about how they trusted Dean and so on but I questioned why he needed an ICO and was shouted down by those blindly following him.

It never made sense to have an ICO because it seemed the site was already completed and this looked a quick get rich scheme by Dean. He claimed to be very rich saying he did not need the money so when I asked why he needed an ICO when he could pay a few thousand at tops to get a coder to make the site he gave reasons that seemed highly suspect including marketing and costs.

Something is not right with Betking, where did all the money go?

SCAM ALERT ┤                                            || ADAB 'HARAAM' EXCHANGE || Adab exchange scammers are willing to accept ICO funding from the following and more: prostitutes, porn actors, those currently behind bars in prison serving prison sentences, those that sell drugs/narcotics, those that manufacture test and sell weapons, those that own publications online/print media cursing Muslims and those that have anti-Muslim agenda, those that own transport or sell alcohol or own breweries AVOID ADAB 'HARAAM' EXCHANGE
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July 26, 2018, 03:37:55 PM
 #5

Damn I'm glad I decided not to go near the ICO now. Will be interested to see if the BetKing guy comes back with a response.

Edit: Did anyone who did invest receive regular updates?
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July 26, 2018, 06:13:08 PM
 #6

Is Betking a scam?

 Shocked
Do you think BetKing is a scam because ETTKS assumes that Dean would have just folded if the value of the crypto would have went down?

What are the terms and conditions of the ICO?

Are investors allowed to sell their tokens at any time?


Ouch Game Protect,  another site you cannot shill for bites the dust.

I ask anyone here to google "betking game protect". Where are those links? I thought you trusted dean? Trusted him enough to take his money to shill his site!

Start wriggling you snake.
JollyGood
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July 26, 2018, 06:18:26 PM
 #7

Damn I'm glad I decided not to go near the ICO now. Will be interested to see if the BetKing guy comes back with a response.

Edit: Did anyone who did invest receive regular updates?

Well the Betking guy is Dean Nolan and he locked the Betking thread because people were asking questions about the need for the ICO and where the money went. Something does not add up and a lot of people are asking where the ICO really went.

SCAM ALERT ┤                                            || ADAB 'HARAAM' EXCHANGE || Adab exchange scammers are willing to accept ICO funding from the following and more: prostitutes, porn actors, those currently behind bars in prison serving prison sentences, those that sell drugs/narcotics, those that manufacture test and sell weapons, those that own publications online/print media cursing Muslims and those that have anti-Muslim agenda, those that own transport or sell alcohol or own breweries AVOID ADAB 'HARAAM' EXCHANGE
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July 26, 2018, 10:51:31 PM
 #8

wow just noticed that Dean locked the thread after reading this
well to be honest investors did a terrible mistake when they invested in the terms of $ , they paid crypto and BKB should be valued in BTC or ETH no matter what the fiat price of these currencies are

some money were spent on poker promotion , but aside from adding poker and sportsbetting yeah there is pretty much no progress
but maybe he is planning something for the future who knows ?

I just see it as investors fault for not realizing what they are putting their crypto in

JollyGood
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July 26, 2018, 11:28:43 PM
 #9

wow just noticed that Dean locked the thread after reading this
well to be honest investors did a terrible mistake when they invested in the terms of $ , they paid crypto and BKB should be valued in BTC or ETH no matter what the fiat price of these currencies are

some money were spent on poker promotion , but aside from adding poker and sportsbetting yeah there is pretty much no progress
but maybe he is planning something for the future who knows ?

I just see it as investors fault for not realizing what they are putting their crypto in

You make valid points but if he was planning something else so long after the ICO then he should have used the Betking thread (that he has now locked) to update people on his plans.

The amount raised in the ICO minus expenses (the poker promotions and bankroll) just do not make business sense. Where is all the money? Did he siphon off the money by saying it was spent on development of plugin and licenced betting games?

Yes Dean did lock the thread, investors must be very upset. I agree with you ultimately investors are to blame for their very bad choice of investment but too many users were posting too many good things about Betking at the time so it would have been difficult for investors not to get duped in to parting with their crypto. chazley was right (in the now locked Betking thread), people were better off keeping their Bitcoin instead of investing in the Betking token because they would have made more profit. I feel sorry for investors.

SCAM ALERT ┤                                            || ADAB 'HARAAM' EXCHANGE || Adab exchange scammers are willing to accept ICO funding from the following and more: prostitutes, porn actors, those currently behind bars in prison serving prison sentences, those that sell drugs/narcotics, those that manufacture test and sell weapons, those that own publications online/print media cursing Muslims and those that have anti-Muslim agenda, those that own transport or sell alcohol or own breweries AVOID ADAB 'HARAAM' EXCHANGE
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July 26, 2018, 11:59:00 PM
 #10

wow just noticed that Dean locked the thread after reading this
well to be honest investors did a terrible mistake when they invested in the terms of $ , they paid crypto and BKB should be valued in BTC or ETH no matter what the fiat price of these currencies are

some money were spent on poker promotion , but aside from adding poker and sportsbetting yeah there is pretty much no progress
but maybe he is planning something for the future who knows ?

I just see it as investors fault for not realizing what they are putting their crypto in

You make valid points but if he was planning something else so long after the ICO then he should have used the Betking thread (that he has now locked) to update people on his plans.

The amount raised in the ICO minus expenses (the poker promotions and bankroll) just do not make business sense. Where is all the money? Did he siphon off the money by saying it was spent on development of plugin and licenced betting games?

Yes Dean did lock the thread, investors must be very upset. I agree with you ultimately investors are to blame for their very bad choice of investment but too many users were posting too many good things about Betking at the time so it would have been difficult for investors not to get duped in to parting with their crypto. chazley was right (in the now locked Betking thread), people were better off keeping their Bitcoin instead of investing in the Betking token because they would have made more profit. I feel sorry for investors.

yeah too much money was collected comparing it with what the sites offer now , I was disappointed actually to see Dean locking the thread instead of clearing what people are asking about
I'm hoping the best for both the site and investors cause Betking has one of the best sportsbooks available in the business

anyways maybe Dean will make an announcement soon regarding this matter

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July 27, 2018, 06:39:16 AM
 #11

Their ICO ANN thread was still up and actively open - [ANN][ICO][BKB] BetKing Bankroll Token - Tokens distributed to your account

Dean was pissed off with chazley so he locked up the thread.

I guess you can still contact him through the given link at his last post on the thread https://t.me/betkingcasino

@JollyGood have you contacted him there?

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July 27, 2018, 07:47:09 AM
 #12

...
some money were spent on poker promotion , but aside from adding poker and sportsbetting yeah there is pretty much no progress
but maybe he is planning something for the future who knows ?
...

Poker has already been removed from Betking, because the action has been
pretty dismal. Dean ran some promotions that were actually +EV for the players,
but even this couldn´t incentivize people to actually play on the site.

Freerolls attracted some players, but this is obviously a way of burning
money/crypto if the players never deposit real funds.

According to the website new games like Black Jack and Roulette will be added,
but I doubt that this will change the current outlook for Betking. For some
reason other gambling sites like Bustabit or Stake seem to be more attractive
for the players.

Maybe the competition just got harder compared to the period back in the day
when Betking was extremely popular after dooglus decided to close Just-Dice.
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July 27, 2018, 08:17:02 AM
 #13

What do the tokens represent that investors that bought into the ICO for? Is it some split of the profit of the website or something? Or is it just that the website and games are run using the token? I think gambling and ICO was a petty big risk as it is. I never invest in ICO's, but I do enjoy playing gambling games for fun.
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July 27, 2018, 11:35:59 AM
 #14

yeah too much money was collected comparing it with what the sites offer now , I was disappointed actually to see Dean locking the thread instead of clearing what people are asking about
I'm hoping the best for both the site and investors cause Betking has one of the best sportsbooks available in the business

anyways maybe Dean will make an announcement soon regarding this matter

Dean tried to justify his failure to clear up where the funds went and how badly the Betking tokens have performed by using the something like "what if 20 years ago I did this...."

His locking the thread shows he has something to hide or he simply knows he cannot fob people off when they ask questions. I feel sorry for investors because the project buy-back system is flawed as the Betking tokens do not maximise value for investors. It is a win-win situation for Dean of course.

SCAM ALERT ┤                                            || ADAB 'HARAAM' EXCHANGE || Adab exchange scammers are willing to accept ICO funding from the following and more: prostitutes, porn actors, those currently behind bars in prison serving prison sentences, those that sell drugs/narcotics, those that manufacture test and sell weapons, those that own publications online/print media cursing Muslims and those that have anti-Muslim agenda, those that own transport or sell alcohol or own breweries AVOID ADAB 'HARAAM' EXCHANGE
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July 27, 2018, 08:55:58 PM
 #15

Their ICO ANN thread was still up and actively open - [ANN][ICO][BKB] BetKing Bankroll Token - Tokens distributed to your account

Dean was pissed off with chazley so he locked up the thread.

I guess you can still contact him through the given link at his last post on the thread https://t.me/betkingcasino

@JollyGood have you contacted him there?

Dean does not like people who ask him questions about his business practices. He will not appreciate me going on his Telegram to ask questions, he will block me there no doubt.

It seems Dean threw his toys out of his pram and spat out his dummy when he was asked questions about his very suspect ICO, the structure of the Betking Tokens and his website in general.

SCAM ALERT ┤                                            || ADAB 'HARAAM' EXCHANGE || Adab exchange scammers are willing to accept ICO funding from the following and more: prostitutes, porn actors, those currently behind bars in prison serving prison sentences, those that sell drugs/narcotics, those that manufacture test and sell weapons, those that own publications online/print media cursing Muslims and those that have anti-Muslim agenda, those that own transport or sell alcohol or own breweries AVOID ADAB 'HARAAM' EXCHANGE
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July 28, 2018, 03:13:33 AM
 #16

Maybe it's part of a huge branding play they're working on.

Customers of BetKing are mere peasants

Learn about Bitcoin, Altcoins and Gambling with ICO's at www.cryptogamblingsites.com
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July 28, 2018, 06:56:56 AM
 #17

I wonder who this thread is for?

It's not for ICO token holders. I speak with most of them on Telegram. They understood what they were investing in and know it's not a scam, in fact, many people are happy with the roi so far and the huge improvements being made on the site.

This is just a thread for a bunch of idiots who were not in the ico, have no intention of ever owning tokens, who don't know anything about BetKing or the ICO or how businesses work.

Just people who refused to listen to the answers I gave a hundred times and instead chose to listen to a bitter, jealous moron who has had hatred towards me and BetKing for almost 5 years.

So yeah, the thread is locked due to trolls and people incapable of listening to me. I'll unlock to post updates now and again. Though bitcointalk isn't where we get most our audience so not sure how frequently.

Have fun in here speculating and posting shit you have no clue about. It doesn't affect BetKing or investors.

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July 28, 2018, 07:44:21 AM
 #18

I wonder who this thread is for?

It's not for ICO token holders. I speak with most of them on Telegram. They understood what they were investing in and know it's not a scam, in fact, many people are happy with the roi so far and the huge improvements being made on the site.

This is just a thread for a bunch of idiots who were not in the ico, have no intention of ever owning tokens, who don't know anything about BetKing or the ICO or how businesses work.

Just people who refused to listen to the answers I gave a hundred times and instead chose to listen to a bitter, jealous moron who has had hatred towards me and BetKing for almost 5 years.

So yeah, the thread is locked due to trolls and people incapable of listening to me. I'll unlock to post updates now and again. Though bitcointalk isn't where we get most our audience so not sure how frequently.

Have fun in here speculating and posting shit you have no clue about. It doesn't affect BetKing or investors.


I’m invested in betking. I 100% agree you are legit and this guy is just an idiot. Locking the thread however substantiates his BS. I would have preferred that you just straight up said “his claims are false, we are very profitable, end of story” and stopped replying.

Reopen the thread. Report his posts to the mod.

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July 28, 2018, 07:51:01 AM
 #19

I was just dropping a dope slogan you might want to add, really have no clue about the site history.

Learn about Bitcoin, Altcoins and Gambling with ICO's at www.cryptogamblingsites.com
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July 28, 2018, 08:57:10 AM
 #20

i know  there is something not right about that site. i have dealt with scammers and i know how they opperate. they make you trust them 100% . once they gain your trust, that is when they strike.
btw the site has been offline for sometime

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