BOS - BetonSports - 10K Insurance Policy

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I am relieved that the Rx is going to insure all of us who loose funds at BOS up to 10 Dimes. My total is way under that. Where do i file my claim, Wil?

"Also feel free to email me at wilheim@therx.com if you ever have a problem with BOS. Originally Posted by wilheim: Regardless of what Jay or Chuck think about BOS the fact is they are highly unlikely to stiff anyone for any reason in today's Offshore enviornemnt. The Rx. is offering $10,000 insurance to any Rxers playing there which should relax anyone posting up because of the BOS Banner here. 6/11/06 Is this offer still available? Absolutely..wil. #195 Post started 8/1/2005 by JayC"
 

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Olddog, you have to get legitimately stiffed first. Until that happens I can't do anything to help you get whatever your balance is at any book, including BOS.



wil.
 

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I'm In No Hurry

Of course, I'm not expecting anything from Rx until the stiff is finalized.

I have printed records of all my bets at BOS.

But I don't see how Rx can pay off thousands and thousands if all USA bettors get stiffed.

I hope you and the Rx prove me wrong,
 

Rx Wizard
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I forsee BK for these guys, no other way out.

Will you consider that a "legitimate stiff" at that time?
 

And if the Road Warrior says it, it must be true..
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Olddog;
This could go on for weeks...feel bad for those that have $$ there and cant gamble or try to withdraw their $$.
 

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wilheim said:
Olddog, you have to get legitimately stiffed first. Until that happens I can't do anything to help you get whatever your balance is at any book, including BOS.

wil.


Wilheim remains intentionally vague as far as whether the RX will reimburse or not.
 

Home of the Cincinnati Criminals.
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Wil, when this shit started to get think, I emailed Marty out of concern.

He assured me my money was 100% safe, I have the email if you'd like to see it.

Is a BKRUPCY a legitmate stiff? I say it is.

BB
 

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OLDDOG:
But I don't see how Rx can pay off thousands and thousands if all USA bettors get stiffed.


I would also assume you might get it form of an account at another RX book as they make make a deal, therefor costing THERX MUCH less (if nothing) but since you were here you get something (better then the guy on the street). The actual $$ amount may be lower and only pertains to RXer's.
 

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For the record all of this bankrupcy talk is pure supposition. Natrually the Rx. is concerned about Rx posters with funds tied up at BOS and will monitor the situation closely and do all it can to make sure those Rxers are not stiffed when this situation is resolved one way or another.

Personally I don't see BOS filing banckruptcy anytime in the forseeable future..I expect to see all of the BetonSports books open for business in the next couple of days.

I am waiting for word on the appeal of the take no new bets stay placed on BOS earlier this week.. I will post any news as soon as I recieve it.


wil.
 

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I dont see BOS going under either.

I think they'll be up and running by Monday. If David gets bail, they'll be up soon (Maybe after he flees). If he does not get bail they'll be up even sooner. His hearing is today. It is possible his bail hearing could get delayed by their appeals...

Anyways, if they do go bankrupt, it is likely another book would try to bail them out, or several books would bail them out. The group of recreational gamblers BOS has would be a great asset to other books.

Even if the other book does not bail everyone out, I would venture to guess theRX can probably work out bailouts for many people and would probably try this route first.

-Sean
 

And if the Road Warrior says it, it must be true..
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FYI:
FORT WORTH, Texas, July 21 (Reuters) - Online gaming group BETonSPORTS (BSS.L: Quote, Profile, Research) Chief Executive David Carruthers waived his right to a detention hearing in federal court on Friday and will remain in custody.

At a brief hearing, U.S. Magistrate Judge Charles Bleil ordered Carruthers to be transferred to the Missouri district, where a federal grand jury issued an indictment charging 11 individuals and four corporations with racketeering, conspiracy and fraud.
 

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Need some clarification

Question?
If the rx had never put up BOS banner, would the rx be worried about the payout to rx members?
It seems as if the people of the rx warned other rxers as well as the rx management or moderators or whatever that the book was scum, even though moderators and management knew the book was crap.
Sure hope BOS can pay these people otherwise I hope BOS payed the rx a bunch of money for their advertisement. Hopefully, that will cover and pay the people.
Not sure why the rx would advertise these guys after claiming they sucked in the past. Hopefully, they padded the rx's wallet enough!

Here is to hoping all those tied up in this mess get paid.
 

WVU

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Even if BOS is back up and running, I seriously doubt they would be able to withstand the run on the bank (cashouts). Here is where it will be important for the Rx to back up their promise. There will be serious slow and no pays if they were to open back up and find 50% of the funded accounts asking for cashouts.

If they never open back up, then the Rx will have plenty of time to decide what to do as it will be months and months before anyone can say that they are beat. Looking at all this, it may be better for the Rx if BOS were never to open back up. Think about it
 

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