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Author Topic: BetKing.io Is it a blatant scam?  (Read 2063 times)
Samarkand
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August 28, 2018, 12:26:48 PM
 #181

...
Assuming I want to invest in betking, where can I find this info?

You can´t. Before the ICO when PRC and BetKing were still running
on a bankroll that everyone could invest in the current bankroll was always
visible. This isn´t the case anymore and therefore you would probably
have to ask Dean about the current size of the bankroll.

My estimation of at least 500 BTC was just based on an educated
guess based on "industry standards" and the current max win (the
max win is still displayed at the site as actmyname pointed out).


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JollyGood
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August 28, 2018, 02:29:58 PM
 #182

...
Assuming I want to invest in betking, where can I find this info?

You can´t. Before the ICO when PRC and BetKing were still running
on a bankroll that everyone could invest in the current bankroll was always
visible. This isn´t the case anymore and therefore you would probably
have to ask Dean about the current size of the bankroll.

My estimation of at least 500 BTC was just based on an educated
guess based on "industry standards" and the current max win (the
max win is still displayed at the site as actmyname pointed out).

A cold wallet address will clarify if your estimate is correct but Dean Nolan will not be forthcoming with giving it.

My opinion is not important but that is what people say, they call Betking and Dean Nolan scam and scammer so why would anybody want to invest in what is considered by many to be a scam ICO with a below average performing, below average looking betting website?

Already the investors have failed to recoup their investments and are sad at Dean Nolan when he said "investors should have had due-diligence" because they did not read the small print (he has since edited that post after it made him look like a greedy disgusting person).

BEWARE OF BETKING AND ITS OWNER DEAN NOLAN
BETKING HAS A DISASTROUS REPUTATION. AVOID BETKING AND ITS OWNER OPERATOR DEAN NOLAN. ICO INVESTORS SHOULD CONSIDER A LAWSUIT TO RECOVER THEIR INVESTMENT. Thread: https://bitcointalk.org/index.php?topic=4751127.0
Samarkand
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August 28, 2018, 04:23:36 PM
 #183

...
My opinion is not important but that is what people say, they call Betking and Dean Nolan scam and scammer so why would anybody want to invest in what is considered by many to be a scam ICO with a below average performing, below average looking betting website?
...

As I already pointed out I somewhat agree with most of your claims, but
you should really stop posting the bolded sentence. After all you have repeated it
dozens of times now while being the main person, who calls BetKing a scam.

Betting volume at BetKing has actually picked up since Dean started running the leaderboard
promotions. However, right now the website seems to be down and I´m just getting
a Cloudflare error message:
Quote
This page (https://betking.io/) is currently offline. However, because the site uses Cloudflare's Always Online™ technology
you can continue to surf a snapshot of the site


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JollyGood
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August 28, 2018, 04:33:48 PM
 #184

...
My opinion is not important but that is what people say, they call Betking and Dean Nolan scam and scammer so why would anybody want to invest in what is considered by many to be a scam ICO with a below average performing, below average looking betting website?
...

As I already pointed out I somewhat agree with most of your claims, but
you should really stop posting the bolded sentence. After all you have repeated it
dozens of times now while being the main person, who calls BetKing a scam.

Betting volume at BetKing has actually picked up since Dean started running the leaderboard
promotions. However, right now the website seems to be down and I´m just getting
a Cloudflare error message:
Quote
This page (https://betking.io/) is currently offline. However, because the site uses Cloudflare's Always Online™ technology
you can continue to surf a snapshot of the site

Yes the site seems to have picked up a little since Dean Nolan was forced in to being proactive as a result of some excellent work by a few of the users here highlighting what many see as the ICO scam and the way tokens can still be purchased on the site.

If I want to type some bold here and there I will. Please feel free to continue posting how you deem appropriate.

And yes, the website is down. It does not cost much for Dean Nolan to use ICO funds to run it on googlecloud behind the Cloudflare free entry-level service. I am not exactly feeling any sympathy towards Dean Nolan because the website is currently down, again.

BEWARE OF BETKING AND ITS OWNER DEAN NOLAN
BETKING HAS A DISASTROUS REPUTATION. AVOID BETKING AND ITS OWNER OPERATOR DEAN NOLAN. ICO INVESTORS SHOULD CONSIDER A LAWSUIT TO RECOVER THEIR INVESTMENT. Thread: https://bitcointalk.org/index.php?topic=4751127.0
game-protect
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September 07, 2018, 03:46:54 PM
 #185

@ JollyGood

You can write a BetKing scam article and I will post it on the Game Protect website.

Google lists our scam articles usually within the top 5 entries.

JollyGood
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September 10, 2018, 08:15:58 AM
 #186

@ JollyGood

You can write a BetKing scam article and I will post it on the Game Protect website.

Google lists our scam articles usually within the top 5 entries.

game-protect thank you, I will look in to it.

I have a list of questions regarding Betking ready for Dean Nolan to answer, I already asked him if he would kindly answer them but he has so far not responded. If he does not respond soon or declines to answer the questions then I will let you know my response regarding the article Smiley

BEWARE OF BETKING AND ITS OWNER DEAN NOLAN
BETKING HAS A DISASTROUS REPUTATION. AVOID BETKING AND ITS OWNER OPERATOR DEAN NOLAN. ICO INVESTORS SHOULD CONSIDER A LAWSUIT TO RECOVER THEIR INVESTMENT. Thread: https://bitcointalk.org/index.php?topic=4751127.0
JollyGood
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September 15, 2018, 07:40:42 PM
 #187

@Dean Nolan (Betking)

There is a list of questions for you to answer, would you please be kind enough to answer them?

If yes, please do not post URLs to previous posts. Just simple questions will be put forward and we hope simple answers will be given for all to see. That way several things can be cleared up and clarified.

If no, then kindly explain why you declined to answer simple questions regarding Betking Tokens, Betking ICO and Betking in general.

Would you please consider it?

BEWARE OF BETKING AND ITS OWNER DEAN NOLAN
BETKING HAS A DISASTROUS REPUTATION. AVOID BETKING AND ITS OWNER OPERATOR DEAN NOLAN. ICO INVESTORS SHOULD CONSIDER A LAWSUIT TO RECOVER THEIR INVESTMENT. Thread: https://bitcointalk.org/index.php?topic=4751127.0
malcolmv
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September 16, 2018, 05:03:04 PM
 #188

Yes, the place is a joke...they rob who they choose, making it harder for people to call it a scam. They target individuals...

Be careful
JollyGood
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September 17, 2018, 12:45:28 AM
 #189

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.

In a nutshell, investors received tokens. The website profits were to be split between token holders. 100 million tokens were generated. 70 million were split between investors and 30 million retained for use on "development, promotion and legal". The allegations made against Dean Nolan are many but here are a few

-- It seems Dean Nolan short-changed investors by taking the very little profits the site was making then adding his 30 million tokens to siphon the profits (something he claimed he would not do pre-ICO)

-- Of the 30 million retained tokens for "development, promotion and legal" there is no proof he paid developers because there was no difference between the site he closed in 2016 then re-opened in 2017

-- All he did was add plugin affiliate games from Livetable. There was nothing created so where are the funds? Why raise the funds, all $6.5 million of it?

-- He claimed 50% of the ICO funds were to go the bankroll. There is no evidence this ever happened.

-- He has never allowed an external audit and refuses to answer questions about what many see as a scam. He locked the Betking thread then re-opened a moderated one but there is not much going on there anyway.

-- He even blamed investors for lacking "due-diligence" when they gave him their crypto but deleted his post shortly afterwards.

-- This Reddit post from "chazley" explains a lot: https://www.reddit.com/r/Bitcoin/comments/5gfdxk/betking_trying_to_censor_questions_about_ico/


The list can go on but yes you are right, not only betting ICOs but all ICOs can be risky. The whole nonsense way in which this ICO was run was wrong. It was mentioned he failed to sell his site so he had the ICO as a front to make money without doing anything for development.

If you do enjoy gambling for fun please stay away from Betking. Try stake.com and primedice.com they are operated by non-scammers and have a great reputation.

BEWARE OF BETKING AND ITS OWNER DEAN NOLAN
BETKING HAS A DISASTROUS REPUTATION. AVOID BETKING AND ITS OWNER OPERATOR DEAN NOLAN. ICO INVESTORS SHOULD CONSIDER A LAWSUIT TO RECOVER THEIR INVESTMENT. Thread: https://bitcointalk.org/index.php?topic=4751127.0
JollyGood
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September 17, 2018, 11:40:17 AM
 #190

Yes, the place is a joke...they rob who they choose, making it harder for people to call it a scam. They target individuals...

Be careful

Thank you for your post.

Please explain how you think they robbed investors during the ICO. In my opinion Dean Nolan did not target individuals it seems clear to me he scammed all investors.

I mentioned several times how Dean Nolan and Betking carried out their ICO scam but what are your opinions on how they did it?

BEWARE OF BETKING AND ITS OWNER DEAN NOLAN
BETKING HAS A DISASTROUS REPUTATION. AVOID BETKING AND ITS OWNER OPERATOR DEAN NOLAN. ICO INVESTORS SHOULD CONSIDER A LAWSUIT TO RECOVER THEIR INVESTMENT. Thread: https://bitcointalk.org/index.php?topic=4751127.0
amitdh6
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September 17, 2018, 03:18:44 PM
 #191

You obviously got some hate going on towards betking's owner, may we know why?
You got 0 proof of all accusations that are going on, only speculations.
JollyGood
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September 17, 2018, 04:02:03 PM
 #192

You obviously got some hate going on towards betking's owner, may we know why?
You got 0 proof of all accusations that are going on, only speculations.

Hello newbie account. I will be using the IGNORE button on you Smiley

@Dean Nolan (Betking)

There is a list of questions for you to answer, would you please be kind enough to answer them?

If yes, please do not post URLs to previous posts. Just simple questions will be put forward and we hope simple answers will be given for all to see. That way several things can be cleared up and clarified.

If no, then kindly explain why you declined to answer simple questions regarding Betking Tokens, Betking ICO and Betking in general.

Would you please consider it?

BEWARE OF BETKING AND ITS OWNER DEAN NOLAN
BETKING HAS A DISASTROUS REPUTATION. AVOID BETKING AND ITS OWNER OPERATOR DEAN NOLAN. ICO INVESTORS SHOULD CONSIDER A LAWSUIT TO RECOVER THEIR INVESTMENT. Thread: https://bitcointalk.org/index.php?topic=4751127.0
Samarkand
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September 17, 2018, 04:14:41 PM
 #193

...
It seems Dean Nolan short-changed investors by taking the very little profits the site was making then adding his 30 million tokens to siphon the profits (something he claimed he would not do pre-ICO)
...

This is not accurate. 30 million tokens were reserved for development, marketing and some
other stuff like bounties. Dean has actually been running very generous promotions, which occasionally
were even +EV for the player. These 30 million tokens therefore were not sold to siphon off
money from gullible investors.

If you want to continue making these threads, you should post facts that are actually
true and not mix in falsehoods between your true statements.

You should focus on other stuff like the fact that BKB tokens are still sold on the BetKing
website, which is something that Dean completely ruled out pre-ICO. You even get the same
25 % discount that investors from the pre-sale got back in 2017 if you buy now Grin

Alternatively you could stop making these threads, get a job at McDonalds and buy BKB tokens at a whopping
25 % discount NOW  Shocked Cheesy

https://betking.io/invest



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JollyGood
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September 17, 2018, 04:54:09 PM
 #194

...
It seems Dean Nolan short-changed investors by taking the very little profits the site was making then adding his 30 million tokens to siphon the profits (something he claimed he would not do pre-ICO)
...

This is not accurate. 30 million tokens were reserved for development, marketing and some
other stuff like bounties. Dean has actually been running very generous promotions, which occasionally
were even +EV for the player. These 30 million tokens therefore were not sold to siphon off
money from gullible investors.

If you want to continue making these threads, you should post facts that are actually
true and not mix in falsehoods between your true statements.

You should focus on other stuff like the fact that BKB tokens are still sold on the BetKing
website, which is something that Dean completely ruled out pre-ICO. You even get the same
25 % discount that investors from the pre-sale got back in 2017 if you buy now Grin

Alternatively you could stop making these threads, get a job at McDonalds and buy BKB tokens at a whopping
25 % discount NOW  Shocked Cheesy

https://betking.io/invest

The 30 million tokens that were allegedly kept aside for "development, promotion and legal" were not supposed to be subject to profit sharing as per his Dean Nolan saying in his pre-ICO comments. Yet when you look at the calculation method he was taking "profits" on those 30 million tokens. Where is the audit to show how many remain, how many were used as payment and to whom?

There is no audit and no explanation about what development took place. The site is identical to the same site he closed in December 2016 and re-opened post ICO in 2017. So none of those 30 million tokens should have been used for "development". Just a couple of months ago he re-added the roulette game he removed as it was a failure and since then he added Livetable affiliate games. None of the funds were used for development so where is the ICO money?

According to the pre-ICO statements 50% of the ICO funds  were going to bankroll. Where is the proof?

The 25% discount you refer to are for useless and worthless tokens. Please go ahead and buy as many as you can with your life savings.

Dean Nolan tried selling his website, nobody wanted it. He closed it down, had an ICO, re-opened the same website without explaining where the money went. An audit would clear everything up including how many tokens he is selling on the website along with everything but Dean Nolan is not allowing that.

BEWARE OF BETKING AND ITS OWNER DEAN NOLAN
BETKING HAS A DISASTROUS REPUTATION. AVOID BETKING AND ITS OWNER OPERATOR DEAN NOLAN. ICO INVESTORS SHOULD CONSIDER A LAWSUIT TO RECOVER THEIR INVESTMENT. Thread: https://bitcointalk.org/index.php?topic=4751127.0
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September 17, 2018, 05:37:34 PM
 #195

...
There is no audit and no explanation about what development took place. The site is identical to the same site he closed in December 2016 and re-opened post ICO in 2017. So none of those 30 million tokens should have been used for "development". Just a couple of months ago he re-added the roulette game he removed as it was a failure and since then he added Livetable affiliate games. None of the funds were used for development so where is the ICO money?

According to the pre-ICO statements 50% of the ICO funds  were going to bankroll. Where is the proof?
...

He also bought a poker software by Cubeia, but unfortunately poker didn´t really take off due
to a lack of players (poker has been removed if anyone is looking for it on the BetKing website).

I obviously can´t prove that 50 % of the ICO funds ended up in the bankroll. But as I already outlined in
a previous post I can make an educated guess based on the available max win of
10 BTC.

https://bitcointalk.org/index.php?topic=4751127.msg44245421#msg44245421


...
Please go ahead and buy as many as you can with your life savings.

Dean Nolan tried selling his website, nobody wanted it. He closed it down, had an ICO, re-opened the same website without explaining where the money went.
An audit would clear everything up including how many tokens he is selling on the website along with everything but Dean Nolan is not allowing that.

I have no intention of buying any BKB tokens and I agree with some of your claims.
My McDonalds comment was just a joke, I obviously know that you are not going to buy
any tokens.

This is the cryptocurrency world. You aren´t going to see an audit from Bitfinex and you are also
not going to see one from Dean. Most investors were just disappointed that they missed out
on the 2017 bull run, but you can´t really blame Dean for the fact that the site isn´t
doing as much betting volume as it used to. Back in the day it had the biggest limits and
a lot of action and nowadays there are just too many competitors. Sites like Stake and Bustadice
weren´t even around when BetKing was in its prime.


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Transparent.






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Flagship11
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September 17, 2018, 08:19:59 PM
 #196

Anyone who buys BKB tokens are ANY casino tokens for that matter needs their head examined...
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Today at 11:18:07 AM
 #197

He also bought a poker software by Cubeia, but unfortunately poker didn´t really take off due
to a lack of players (poker has been removed if anyone is looking for it on the BetKing website).

I obviously can´t prove that 50 % of the ICO funds ended up in the bankroll. But as I already outlined in
a previous post I can make an educated guess based on the available max win of
10 BTC.

Thank you for your comments.

Those plugins can be purchased for a few hundred US$ so he cannot justify having the ICO. Later adding Livetable affiliate and Sportsbook plugins without actually developing his own software by paying developers from the ICO funds was a breach of the ICO whitepaper. He scammed investors.

The ICO was carried in order for him to claim as much of the funds for his pocket under the guise of "development". Dean Nolan did this because he wanted money, he tried but failed to sell the Betking website because nobody wanted it therefore he had the ICO. No development took place, he launched the same website post-ICO in 2017 that he took down pre-ICO in 2016.

I have no intention of buying any BKB tokens and I agree with some of your claims.
My McDonalds comment was just a joke, I obviously know that you are not going to buy
any tokens.

This is the cryptocurrency world. You aren´t going to see an audit from Bitfinex and you are also
not going to see one from Dean. Most investors were just disappointed that they missed out
on the 2017 bull run, but you can´t really blame Dean for the fact that the site isn´t
doing as much betting volume as it used to. Back in the day it had the biggest limits and
a lot of action and nowadays there are just too many competitors. Sites like Stake and Bustadice
weren´t even around when BetKing was in its prime.

The whole ICO project was designed to make Dean Nolan rich off the back of investors regardless of what happens to them. It was flawed from the start but the way Dean Nolan was promoting the ICO it was clear investors would fall for it. You might be right, once upon a time maybe Betking was "big". It was running long before latter competitors such as STAKE, PRIMEDICE and others basically left it for dead but Dean Nolan has never actually followed through with evidence on his ICO promises. For Dean Nolan to say investors are to blame for almost losing all their investment was because of their lack of "due-diligence" was just another slap in the face for those that parted with cash. When this was highlighted Dean Nolan quickly deleted the post, as was expected.

- what is the cold wallet address where the 50% ICO funds were to be kept
- where is the expenditure list of the 30 million not-for-distribution BKB tokens
- why was Dean Nolan using those 30 million tokens to deduct profits from when it was not supposed to happen
- what were the buyback dates and rates so a profit/loss margin of investors could be calculated
- where is the accountability in milestones where development was made and where are the cost reports

I accept your comments about the audit, this is indeed crypto world so these companies will try to keep things secret as much as possible. Dean Nolan has scammed ICO investors, simple. This Reddit post from chazley makes interesting reading because it is from the time of ICO and shows the mindset Dean Nolan had: https://www.reddit.com/r/Bitcoin/comments/5gfdxk/betking_trying_to_censor_questions_about_ico/

BEWARE OF BETKING AND ITS OWNER DEAN NOLAN
BETKING HAS A DISASTROUS REPUTATION. AVOID BETKING AND ITS OWNER OPERATOR DEAN NOLAN. ICO INVESTORS SHOULD CONSIDER A LAWSUIT TO RECOVER THEIR INVESTMENT. Thread: https://bitcointalk.org/index.php?topic=4751127.0
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