BetKing.io is a blatant scam operated by Dean Nolan

[RHavar]

He also proceeded to say I'm not a legit player for only betting during competitions and investing to "further reduce my edge". It's not my fault he made the competition so ridiculously +EV. Honestly that should already have ringed my bells. He also forgot how I bet $10k on a single bet on his dice game a while back when there was no competition.

The irony is that he was here explicitly promoting the competition as currently being +EV. I actually looked at it, and would've participated myself, but then I remembered I would have had to deal with Dean if I won.

[JollyGood]

Yeah, not paying out a promotion like this is pretty dishonest. How is anyone supposed to believe any future promotions the site offers when they are simply cancelled like this for no reason.

If the money wasn't there to run a promotion like this, why even do it in the first place? Attempt at free advertising? All it does is hurt the site's credibility.

There is hardly any credibility of the betking website or Dean Nolan remaining.

You ask the question why did the scammer Dean Nolan run this promotion if he could not cover the winnings. Only he could answer that but nobody believes anything that he writes anyway, he is completely dishonest and has been exposed as a serial scammer.

[LoyceMobile]

Bounty participants received only 1% of all tokens, not 5%.
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.

Please tell me how I can sell them at the advertised dollar value.

I guess you can sell them on the on-site exchange, but the best offer is currently: 0.0000008 BTC  which is only 3% (?!!) of the supposed face value. It's kind of funny how he can try pretend that investors haven't been screwed. When btc prices were higher than the "buy back price", he was more than happy to make a (personal) profit. And literally the minute things turned against him, he renegs.

Make that 0.3%.

[chazley]

Bounty participants received only 1% of all tokens, not 5%.
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.

Please tell me how I can sell them at the advertised dollar value.

I strongly suspect Dean is actually insolvent. The supposed reason he wanted me to buy a large quantity of BKB him, was so that he could increase his long exposure to btc price, and that was just before the price crashed even more. When ever I asked him about using any sort of escrow structures or proving his funds, he would come up with bizarre (and sometimes contradictory) excuses.

Fast forward a few days, and he was willing to trash his reputation to screw Dan on a 2 BTC license fee (even after having raised millions of dollars for supposed costs). Tries to raise more money with a half-baked ICO. Then he goes on to screw investors with the buy-back cancelation, and now players with the prize cancellation.

This is the most plausible theory I've read.

[JollyGood]

Bounty participants received only 1% of all tokens, not 5%.
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.

Please tell me how I can sell them at the advertised dollar value.

I strongly suspect Dean is actually insolvent. The supposed reason he wanted me to buy a large quantity of BKB him, was so that he could increase his long exposure to btc price, and that was just before the price crashed even more. When ever I asked him about using any sort of escrow structures or proving his funds, he would come up with bizarre (and sometimes contradictory) excuses.

Fast forward a few days, and he was willing to trash his reputation to screw Dan on a 2 BTC license fee (even after having raised millions of dollars for supposed costs). Tries to raise more money with a half-baked ICO. Then he goes on to screw investors with the buy-back cancelation, and now players with the prize cancellation.

This is the most plausible theory I've read.

Just less than 16 months ago the scammer Dean Nolan raised over 1000 BTC, over 4600 ETH and over 850 LTC. That was over $6.5 million at the time. The scammer Dean Nolan raised:

over $4.8 million in BTC
over $1.6 million in ETH
over $66,000 in LTC

He would have to be an even bigger scammer, be an even bigger failure and be even more pathetic than I could have even imagined if he is now insolvent.

This is what the scammer wrote about using funds:

"After the crowdsale at least 50% of the funds raised will be used for the house bankroll that players bet against and winnings are paid from. The remaining funds will be used for marketing, promos, seo, design, development, server costs and legal."

The former is an out and out lie because 50% of the ICO funds (which amounted to 500 BTC and 2250 ETH and 425 LTC) did not go towards bankroll. The latter is highly ambiguous because the individual costs were not estimated however it was deliberately worded that way because the scammer Dean Nolan wanted any excuse to divert funds to his own back pocket under the guise of "marketing, promos, seo, design, development, server costs and legal." There was no development, no work done on the website, nothing apart from adding and removing plugged-in affiliate software from sportsbook and livetable.

This scammer tried to sell his failing betking website on several occasions before closing down, having the ICO and re-opening with the same identical website because that was the only way he could get-rich-quick.

Does anybody know why the Crypto Gambling Foundation logo and accreditation no longer appears in the betking scam website?

[JollyGood]

https://betking.io/provably-fair


How ironic and hypocritical is that:

"The worse fear a player has playing at an online casino is being cheated by the site they are playing at.

In the Bitcoin gambling community a standard solution has been developed to allow players to verify the results of their bets to prove that the house did not alter them in their favor"



So what does the hypocrite scammer Dean Nolan do next? He refuses to pay out over 20 BTC that was won by legitimate winners of the 2018 Christmas wager contest. Pathetic scammer  

Thankfully since his latest scam a few days ago the information against him has been flooding in. The UK police will be chatting to scammer Dean Nolan soon after the evidence is presented to them.

[JollyGood]

lol how did you get to this conclusion, this really shows how stupid you are. I don't even care, just hate trolls that's why i was posting.

The scammer fool Dean Nolan just posted here using his "besece" sock-puppet account stating he does not care but hates "trolls" and then of all the threads in this forum he miraculously finds himself in an anti-betking thread where he felt compelled to post.

I also believe besece is Dean. He used a similar argument with me that every previous leaderboard has forbidden multi-accounting as well as that pokerstars doesnt reveal how or who abused something to justify his action. Then he told "I don't even know the reason it was cancelled". To me leaving multi-accounting out of the question (which was also not clearly forbidden) leaves very few ways users could actually have cheated.

Yes indeed, "besece" is a sock-puppet account that scammer Dean Nolan uses.

"besece" is now on permanent IGNORE but I will still read the lies that scammer Dean Nolan spouts as it might help will I pass his details on to the UK police when I ask them to investigate this thieving scammer Dean Nolan.

[JollyGood]

First off, investors have had 600 Bitcoin returned to them, from the initial ICO funds.
I own 85% of all tokens now. There are likely 5% held by bounty participants who will never log in to BetKing ever again, but if they do their tokens are there

Bounty participants received only 1% of all tokens, not 5%.
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.

Please tell me how I can sell them at the advertised dollar value.

Have you contacted scammer Dean Nolan directly to ask him why buy-backs were altered in the first place especially after he heavily promoted it as a selling point during the 2017 scam betking ICO?

[JollyGood]

So there is no announcement about this in the censored betking official thread in the forum but scammer Dean Nolan is up to his old tricks again.

Thanks to a post from another users it seems scammer Dean Nolan has a new get-rich-quick scheme involving new tokens being issued on EOS to revive betking when it is on its last legs.

He claims the $6.5 million he raised in the 2017 ICO was not enough even though he promised to use 50% of the total amount raised for the bankroll. It was later proven he never used anywhere near that amount for the bankroll and another user suggested that betking is basically insolvent. Now the scammer Dean Nolan is trying new ways to line his own pockets again and again and it all goes back to the easiest way at his disposal and that is an ICO.

He is a pathetic scammer that took many people for a ride and robbed them, anything associated with Dean Nolan should be avoided otherwise you risk losing whatever you handed over to this pathetic scammer called Dean Nolan.

[theskillzdatklls]

Bounty participants received only 1% of all tokens, not 5%.
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.

Please tell me how I can sell them at the advertised dollar value.

I guess you can sell them on the on-site exchange, but the best offer is currently: 0.0000008 BTC  which is only 3% (?!!) of the supposed face value. It's kind of funny how he can try pretend that investors haven't been screwed. When btc prices were higher than the "buy back price", he was more than happy to make a (personal) profit. And literally the minute things turned against him, he renegs.

I actually have chat-logs of him assuring me that he would be being doing the buy backs "even if btc goes to $1" and when I pressed him on how he could possible afford that, he told me has systems in place to sell btc immediately as the price went down, so he could make sure he has funds to pay his investors.


I strongly suspect Dean is actually insolvent. The supposed reason he wanted me to buy a large quantity of BKB him, was so that he could increase his long exposure to btc price, and that was just before the price crashed even more. When ever I asked him about using any sort of escrow structures or proving his funds, he would come up with bizarre (and sometimes contradictory) excuses.

Fast forward a few days, and he was willing to trash his reputation to screw Dan on a 2 BTC license fee (even after having raised millions of dollars for supposed costs). Tries to raise more money with a half-baked ICO. Then he goes on to screw investors with the buy-back cancelation, and now players with the prize cancellation.

Interesting story. Yeah, from what I've been able to conclude talking with others, he was a BTC bull to the max, basically taking everyone down with him. Pretty much as you say. Pretty irresponsible. Crazy because with just a tiny hedge at some point along the way he could have been doing extremely well.

While I've gotten screwed all over in crypto, one place I didn't is with Dean. I got in early when things were good, left around the beginning of his first ICO

[game-protect]

The behavior of scam artist Dean Nolan fully contradicts that he collected anywhere near $6.5 million in the 2017 ICO!

His behavior clearly confirms that it was even not $1 million!

dear Admin.....I have deposit LTC  8.50634013  for quite a while until now not confirm yet. please can you take a for it. thanku so much before. Regard and love you
my username dicemaster
https://chainz.cryptoid.info/ltc/tx.dws?f670db5d86ce6c21a56eae004ac48e7b3c05b1871b979d851c6fdb3b219a99d6.htm

If you love scammers and love to use their service, why do you complain about your LTC  8.50634013?

That does not make any sense!

In case you did not know BetKing scam | First entry on google 

[JollyGood]

Interesting story. Yeah, from what I've been able to conclude talking with others, he was a BTC bull to the max, basically taking everyone down with him. Pretty much as you say. Pretty irresponsible. Crazy because with just a tiny hedge at some point along the way he could have been doing extremely well.

While I've gotten screwed all over in crypto, one place I didn't is with Dean. I got in early when things were good, left around the beginning of his first ICO

Good to know you got in and out at the right time. It is very painful when getting scammed so if you won this one I am happy for you.

[JollyGood]

This is a release by scammer Dean Nolan: https://medium.com/@BetKingIO/how-bkb-holders-benefit-from-the-new-eos-airdrop-ee1941d349f8




How BKB holders benefit from the new EOS airdrop
BetKing
Feb 2

There have been some concerns from existing BKB (BetKing Bankroll) token holders that the new EOS token and Airdrop will dilute their share of the profit from the BetKing.io platform.

The main argument is that the new EOS token we are creating, BKT, has 30% of the supply airdropped to EOS account holders on the EOS blockchain and only 10% of the supply shared with BKB holders.

Larger share of BKT supply than it looks

There will be 10,000,000,000 BKT tokens created on the EOS blockchain.

50% of these tokens will be locked and released only as users bet or trade on the BetKing platform.

There are currently over 906,000,000 EOS in circulation and they trade at around $2.50 at time of writing.

There were 100,000,000 BKB tokens created on the ETH blockchain.

However 50,000,000 of these will be burned from BetKings own holdings before the new BKT token is distributed. BKB currently has a buy back price of $0.099.

We can see that EOS holders will receive around 3.3 BKT for every 1 EOS in their account during the airdrop.

BKB holders will receive 20 BKT per 1 BKB they swap.

Meaning BKB holders will receive 6 times the BKT tokens as EOS holders even though EOS trades at 25x the price of BKB.

After 6 months from the launch date, any BKB that has not been swapped for BKT will be burned if held in BetKing wallets or excluded from swapping to BKT if held in a personal wallet.

Any BKT leftover from the initial 10% reserved for BKB holders will also be burned after 6 months reducing the BKT supply.

There will likely be a lot of dormant or inaccessible EOS accounts that won’t be able to claim their airdropped tokens. These will be burned after 6 months if not claimed.

Exchanges and accounts that hold over 250,000 EOS will be excluded from the airdrop and the BKT that would be dropped to them will be burned, further reducing the supply.

This shows that far less than 50% of the total BKT supply will be in circulation on launch.

Larger profit share

Profit share between bankroll providers and BKT token holders is split 50/50 on the new platform and dividends are paid every hour to token holders.

The old platform had only 10% of profit distributed to BKB token holders.

Only BKT holders who have deposited their funds to BetKing and are actively staking them will receive dividends. So no profit is shared to EOS holders who will never claim their tokens.

BKB holders will likely swap for BKT and start staking before anyone else.

A whole new market of players

The new EOS airdrop allows us to reach a whole new audience of players who have never heard of or played on BetKing before.

There are almost 700,000 EOS accounts that will get free BKT in the airdrop.

That’s a large amount of potential new players looking to play with their new tokens, trade or stake them to earn profit from the BetKing platform.

Players have more incentive than ever to play as we have a new feature called “bet mining” where for every bet players make in any currency they will receive BKT instantly to their account as rakeback which can be traded or staked. 30% of the total BKT will be released this way.

We have an hourly leaderboard that pays out BKT automatically to the top ten accounts that earned the most points each hour.

20% of all BKT will be released in promotions like this and in bounties for users who share posts or links via social media to help promote BetKing.

Greater demand

There are a number of reasons why people may want to own or buy BKT.

The main one being to get a share of the profit earned from betting and trading fees. BKT holders get dividends every hour.

BKT also allows bankroll providers to pay 50% of the commission on their profit with BKT.

Traders can also receive 50% discount on trade fees by paying the fee in BKT.

All withdrawal fees can be paid with BKT also.

This gives real use and value to the new token and will help provide liquidity of the token on the new exchange platform.

Summary

We hope this clears up any concerns existing token holders had of dilution and that this explains a lot of the new benefits and exciting opportunities of the new platform by joining the EOS community and switching to the EOS blockchain for our new token.

You can see how BKB holders can actually get BKT a lot cheaper than EOS holders during the switch.

For investors or players who would like to get BKT to stake or use on the new platform you can buy BKB now on the BetKing.io exchange and receive 20 BKT per 1 BKB after the new platform launches.


Just looks pathetic that he raised $6.5 million in the ICO with promises great riches for investors now will be burning tokens if they are unused. Fool.

[theskillzdatklls]

Have to agree quite strongly, that is rather criminal. Part of the great thing about crypto is letting dormant stuff exist to whatever in the future.

[JollyGood]

Have to agree quite strongly, that is rather criminal. Part of the great thing about crypto is letting dormant stuff exist to whatever in the future.

This pathetic scammer Dean Nolan has other ideas.

He stated that those tokens not used within 6 months of the EOS tokens being issued will be burned and if they are unable to burn them they will not be able to be swapped for the new EOS tokens.

What a disgraceful petty thief scammer Dean Nolan is for using his betking website to scam people.

[upsidedown75]

Is there a lawsuit or something going on? I am sure he can't be just walking around happily without a problem right ?
There should be at least couple of court cases against this type of scamming people issue.

If people do not stop others like dean nolan I can only see a future where everyone keeps on scamming each other on crypto and nobody does anything because "its crypto" and some people will get richer while others will continue to lose their money. Look at him, he is literally trying to resteal peoples money, like you already stole peoples money as it is, now you are trying to get some more? Is that allowed? Like how in the hell is he capable of stealing peoples money and then comeback and say "can I steal some more please?" , I really can't comprehend the justice system sometimes.

[Idrisu]

Is there a lawsuit or something going on? I am sure he can't be just walking around happily without a problem right ?
There should be at least couple of court cases against this type of scamming people issue.

If people do not stop others like dean nolan I can only see a future where everyone keeps on scamming each other on crypto and nobody does anything because "its crypto" and some people will get richer while others will continue to lose their money. Look at him, he is literally trying to resteal peoples money, like you already stole peoples money as it is, now you are trying to get some more? Is that allowed? Like how in the hell is he capable of stealing peoples money and then comeback and say "can I steal some more please?" , I really can't comprehend the justice system sometimes.

Of a truth we cannot continuously scamming each other using cryptocurrencies market.  Gambling is too risky and people still takes the risk by putting their money and at the end been scam again.  I think it is very unfair and we would not be able to grow in that way.

[raven7886]

I know gambling is already a profitable business at it is, I understand exchanges getting "hacked" and that is an issue and I know hackers aim at them. However, gambling is already a profitable business that keeps on giving forever, people (gamblers) literally come to your website to give you their money.

Is there couple that profit off the gambling ? Sure, there must be since it continues this much however most of the people who gamble lose their money because of the house edge and casinos are DESIGNED to make you lose. When that is so obvious and easy to just "be a casino and profit" why would anyone scams their customers I don't know.

Crypto currency is really just a big hot mess right now and everything is chaotic, I just hope that we make sure these type of stuff gets to be less and less in the future.

[statdude]

Does anyone know exactly what time GMT the snapshot will be taken? or is planned to be, anyways?

[stomachgrowls]

You can see how BKB holders can actually get BKT a lot cheaper than EOS holders during the switch.

For investors or players who would like to get BKT to stake or use on the new platform you can buy BKB now on the BetKing.io exchange and receive 20 BKT per 1 BKB after the new platform launches.

Is there still someone who do like to invest? I doubt that even past investors of BKB will still have the trust to buy out BKT just for staking. Now theyve tied with EOS platform seems like a very

greedy move once again.