An opinion that BOS group funds are safe

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ATTENTION: GAMBLERS WHO HAVE BETONSPORTS ACCOUNTS<!-- google_ad_section_end --> <HR style="COLOR: #2b295e" SIZE=1><!-- / icon and title --><!-- message --><!-- google_ad_section_start -->
I can understand the concern, rightfully so, of those people who have accounts with BetonSports and its affiliated family of sports books at this time. Everyone should stop worrying and here's why.

The Temporary Restraining Order did not state that BetonSports has to hand over the list of clients and their balances. Not did it even remotely suggest that the Feds in turn will take care of paying back the clients.

What the TRO really means regarding player accounts is straightforward. Any balance owed to clients in the U.S has to be returned to the clients immediately...by BetOnSports.

Here's how it all works: The company draws up a budget for the year down to the last pence. When the fiscal year ends (February) they use last year's profit to determine the upcoming year's expenditures. They also determine at that time how much profit will be targeted for dividends for the stockholders. They never dip into client's accounts for capital. This year it will be disbursed in Sept at 10 cents per share. Client's sports book account balances are never figured in the equation.

In fact, that money is held in banks all over the world, gaining interest depending on length of time on deposit. Contrary to what is being posted on message boards across the internet, the British are hardly mafia hoodlums floating on your deposits.

All gamblers how have accounts with BetonSports can all breathe a little easier right now, as I believe funds are safe.

Unlike other sports books that depend solely on U.S clients, BoS has enterprises and licenses all over the world. Although I urge readers not to consider this to be an official announcement from BetonSports, nor is this notice originating from any employee or representative of BOS.....just from someone who knows a little about how it all works.

If you have an account at BetonSports, Millenium or any of the sister sports books, customers can request a full statement on BoS, with complete assets, expenditures and earnings from the AIM that were released in May.

THE SHRINK<!-- google_ad_section_end -->
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