Scam alert! Betcoinrakeback.com stole players money

[DarkDays]

1. So you admit that you are, in fact, begging for stakes (with zero markup!) to play poker on the site.

2. That's not how ROI works.  It's a long term calculation, not a per-tournament stat.

3.  You did, in fact, have to "go back to betcoin.ag to beg for another dollar to play a tournament" as you posted a begging thread yesterday



for a 5 chip tournament. 

4. You have to beg for these stakes (which, remember, I said you did and you confirmed was true) because you are bad at poker. 



BUT this is all beside the point, as this thread is about Betcoin allowing Xiao to steal a bunch of money from people.  And not doing anything about it.  And not reimbursing the players.  And then taking all the rake anyway.  I was merely pointing out to someone how you were a silly Betcoin shill trying to protect your daddy. 

[cjmoles]

1. So you admit that you are, in fact, begging for stakes (with zero markup!) to play poker on the site.

2. That's not how ROI works.  It's a long term calculation, not a per-tournament stat.

3.  You did, in fact, have to "go back to betcoin.ag to beg for another dollar to play a tournament" as you posted a begging thread yesterday

--snip image--

for a 5 chip tournament.  

4. You have to beg for these stakes (which, remember, I said you did and you confirmed was true) because you are bad at poker.  

--snip image--

BUT this is all beside the point, as this thread is about Betcoin allowing Xiao to steal a bunch of money from people.  And not doing anything about it.  And not reimbursing the players.  And then taking all the rake anyway.  I was merely pointing out to someone how you were a silly Betcoin shill trying to protect your daddy.  

You're just a moron....go back to seals and beg for krill, stupid.  Betcoin suspended Xiao's affiliate program and the evidence is on the forum....So, go lie to somebody else punk!

[DarkDays]

1. So you admit that you are, in fact, begging for stakes (with zero markup!) to play poker on the site.

2. That's not how ROI works.  It's a long term calculation, not a per-tournament stat.

3.  You did, in fact, have to "go back to betcoin.ag to beg for another dollar to play a tournament" as you posted a begging thread yesterday

--snip image--

for a 5 chip tournament.  

4. You have to beg for these stakes (which, remember, I said you did and you confirmed was true) because you are bad at poker.  

--snip image--

BUT this is all beside the point, as this thread is about Betcoin allowing Xiao to steal a bunch of money from people.  And not doing anything about it.  And not reimbursing the players.  And then taking all the rake anyway.  I was merely pointing out to someone how you were a silly Betcoin shill trying to protect your daddy.  

You're just a moron....go back to seals and beg for krill, stupid.  Betcoin suspended Xiao's affiliate program and the evidence is on the forum....So, go lie to somebody else punk!

You can't beg for krill, it's SWC's version of VPPs.  Also, I'm clearly not lying since you admitted to everything that I said.  Good troll attempt, I'm sure you'll get a freeroll ticket for your attempt.

Back on topic: Xiao stole a bunch of money from the players.  Betcoin was complicit in this.  Nobody has seen any money yet Betcoin is continuing to give Xiao the player's rake.  Once the players are paid back (or maybe when they aren't) Betcoin will take all of the rake, ignoring the site-sponsored advertised rakeback. 

They used Xiao to funnel over 600 players onto the site by giving him affiliate rake (to give to the players he signed up) that was higher than anyone else.  Anyone who wanted to play on the site had to sign up through Xiao to get the maximum rakeback (and remember, they overraked everyone for months), and then they watched while Xiao stole people's money/slowpayed them for months.  Only when he revealed that he had stolen everything he could and had no intention of paying back did they step in to say...that they were taking away everyone's rakeback through him.  Even though it was a site-sponsored deal.

Everyone loses.

Except, of course, for Betcoin and Xiao who continue to pillage the players.

[cjmoles]

1. So you admit that you are, in fact, begging for stakes (with zero markup!) to play poker on the site.

2. That's not how ROI works.  It's a long term calculation, not a per-tournament stat.

3.  You did, in fact, have to "go back to betcoin.ag to beg for another dollar to play a tournament" as you posted a begging thread yesterday

--snip image--

for a 5 chip tournament.  

4. You have to beg for these stakes (which, remember, I said you did and you confirmed was true) because you are bad at poker.  

--snip image--

BUT this is all beside the point, as this thread is about Betcoin allowing Xiao to steal a bunch of money from people.  And not doing anything about it.  And not reimbursing the players.  And then taking all the rake anyway.  I was merely pointing out to someone how you were a silly Betcoin shill trying to protect your daddy.  

You're just a moron....go back to seals and beg for krill, stupid.  Betcoin suspended Xiao's affiliate program and the evidence is on the forum....So, go lie to somebody else punk!

You can't beg for krill, it's SWC's version of VPPs.  Also, I'm clearly not lying since you admitted to everything that I said.  Good troll attempt, I'm sure you'll get a freeroll ticket for your attempt.

Back on topic: Xiao stole a bunch of money from the players.  Betcoin was complicit in this.  Nobody has seen any money yet Betcoin is continuing to give Xiao the player's rake.  Once the players are paid back (or maybe when they aren't) Betcoin will take all of the rake, ignoring the site-sponsored advertised rakeback. 

They used Xiao to funnel over 600 players onto the site by giving him affiliate rake (to give to the players he signed up) that was higher than anyone else.  Anyone who wanted to play on the site had to sign up through Xiao to get the maximum rakeback (and remember, they overraked everyone for months), and then they watched while Xiao stole people's money/slowpayed them for months.  Only when he revealed that he had stolen everything he could and had no intention of paying back did they step in to say...that they were taking away everyone's rakeback through him.  Even though it was a site-sponsored deal.

Everyone loses.

Except, of course, for Betcoin and Xiao who continue to pillage the players.

You are a liar....I didn't have to sign up through Xiao....that was their choice....they chose that affiliate and it was that affiliate who ripped them off, not Betcoin and Betcoin discontinued his affiliation deal when they found out he was a thief.  Why aren't you asking why crypto-games isn't paying back all the people game-protect ripped off over the years?  They're partner sites:  https://game-protect.com/partner-sites/  Oh, I forgot, you're working together, right?  Lying thieving scumbags!

[DarkDays]

Stop trying to deflect the valid criticism towards your masters.  Your motives are transparent and sickening.  If you have a scam accusation to level towards anyone, create your own thread.

This thread is about:

Xiao stole a bunch of money from the players.  Betcoin was complicit in this.  Nobody has seen any money yet Betcoin is continuing to give Xiao the player's rake.  Once the players are paid back (or maybe when they aren't) Betcoin will take all of the rake, ignoring the site-sponsored advertised rakeback.

They used Xiao to funnel over 600 players onto the site by giving him affiliate rake (to give to the players he signed up) that was higher than anyone else.  Anyone who wanted to play on the site had to sign up through Xiao to get the maximum rakeback (and remember, they overraked everyone for months), and then they watched while Xiao stole people's money/slowpayed them for months.  Only when he revealed that he had stolen everything he could and had no intention of paying back did they step in to say...that they were taking away everyone's rakeback through him.  Even though it was a site-sponsored deal.

Everyone loses.

Except, of course, for Betcoin and Xiao who continue to pillage the players.

[cjmoles]

Stop trying to deflect the valid criticism towards your masters.  Your motives are transparent and sickening.  If you have a scam accusation to level towards anyone, create your own thread.

This thread is about:

Xiao stole a bunch of money from the players.  Betcoin was complicit in this.  Nobody has seen any money yet Betcoin is continuing to give Xiao the player's rake.  Once the players are paid back (or maybe when they aren't) Betcoin will take all of the rake, ignoring the site-sponsored advertised rakeback.

They used Xiao to funnel over 600 players onto the site by giving him affiliate rake (to give to the players he signed up) that was higher than anyone else.  Anyone who wanted to play on the site had to sign up through Xiao to get the maximum rakeback (and remember, they overraked everyone for months), and then they watched while Xiao stole people's money/slowpayed them for months.  Only when he revealed that he had stolen everything he could and had no intention of paying back did they step in to say...that they were taking away everyone's rakeback through him.  Even though it was a site-sponsored deal.

Everyone loses.

Except, of course, for Betcoin and Xiao who continue to pillage the players.

If it's about Xiao's affiliate program, then why are you trying to extort Betcoin?  Are you really that stupid?  Again, if you think a site is responsible for what their affiliates promise, then why aren't you asking crypto-games for the money game-protect's been stealing?  If I offered 10,000% rakeback and you signed up under my referral, would you really expect them to pay you that amount if I didn't?  Go back downstairs and play with the dolls in your mother's basement, biatch! You're too stupid to be on the internet.

[DarkDays]

  Go back downstairs and play with the dolls in your mother's basement, biatch! You're too stupid to be on the internet.

This is the intelligence level of Betcoin's lone remaining bag holder. 

Remember everyone, none of these facts have been disagreed with:

Xiao stole a bunch of money from the players.  Betcoin was complicit in this.  Nobody has seen any money yet Betcoin is continuing to give Xiao the player's rake.  Once the players are paid back (or maybe when they aren't) Betcoin will take all of the rake, ignoring the site-sponsored advertised rakeback.

They used Xiao to funnel over 600 players onto the site by giving him affiliate rake (to give to the players he signed up) that was higher than anyone else.  Anyone who wanted to play on the site had to sign up through Xiao to get the maximum rakeback (and remember, they overraked everyone for months), and then they watched while Xiao stole people's money/slowpayed them for months.  Only when he revealed that he had stolen everything he could and had no intention of paying back did they step in to say...that they were taking away everyone's rakeback through him.  Even though it was a site-sponsored deal.

Everyone loses.

Except, of course, for Betcoin and Xiao who continue to pillage the players.

[cjmoles]

  Go back downstairs and play with the dolls in your mother's basement, biatch! You're too stupid to be on the internet.

This is the intelligence level of Betcoin's lone remaining bag holder. 

Remember everyone, none of these facts have been disagreed with:

Xiao stole a bunch of money from the players.  Betcoin was complicit in this.  Nobody has seen any money yet Betcoin is continuing to give Xiao the player's rake.  Once the players are paid back (or maybe when they aren't) Betcoin will take all of the rake, ignoring the site-sponsored advertised rakeback.

They used Xiao to funnel over 600 players onto the site by giving him affiliate rake (to give to the players he signed up) that was higher than anyone else.  Anyone who wanted to play on the site had to sign up through Xiao to get the maximum rakeback (and remember, they overraked everyone for months), and then they watched while Xiao stole people's money/slowpayed them for months.  Only when he revealed that he had stolen everything he could and had no intention of paying back did they step in to say...that they were taking away everyone's rakeback through him.  Even though it was a site-sponsored deal.

Everyone loses.

Except, of course, for Betcoin and Xiao who continue to pillage the players.

You are just too stupid to understand how referral programs work to make a sound argument....You and your scammer crew of sock puppets and thieves need to learn a trade other than trying to scam sites with threats of making up fud accusations....sell your ass or something....it's more honest!  And, take your homeboy, game-protect, with you while you're at it!

[DarkDays]

  Go back downstairs and play with the dolls in your mother's basement, biatch! You're too stupid to be on the internet.

This is the intelligence level of Betcoin's lone remaining bag holder. 

Remember everyone, none of these facts have been disagreed with:

Xiao stole a bunch of money from the players.  Betcoin was complicit in this.  Nobody has seen any money yet Betcoin is continuing to give Xiao the player's rake.  Once the players are paid back (or maybe when they aren't) Betcoin will take all of the rake, ignoring the site-sponsored advertised rakeback.

They used Xiao to funnel over 600 players onto the site by giving him affiliate rake (to give to the players he signed up) that was higher than anyone else.  Anyone who wanted to play on the site had to sign up through Xiao to get the maximum rakeback (and remember, they overraked everyone for months), and then they watched while Xiao stole people's money/slowpayed them for months.  Only when he revealed that he had stolen everything he could and had no intention of paying back did they step in to say...that they were taking away everyone's rakeback through him.  Even though it was a site-sponsored deal.

Everyone loses.

Except, of course, for Betcoin and Xiao who continue to pillage the players.

You are just too stupid to understand how referral programs work to make a sound argument....You and your scammer crew of sock puppets and thieves need to learn a trade other than trying to scam sites with threats of making up fud accusations....sell your ass or something....it's more honest!  And, take your homeboy, game-protect, with you while you're at it!

Zero refuting of anything I've said.  More baseless attacks.  Sad.

Also, considering you look like a homeless white trash tweaker, it's odd that you are making these wild baseless accusations about other people.  "Moms basement"  "sell your ass"...projection?

[Zepher]

[...]they chose that affiliate and it was that affiliate who ripped them off, not Betcoin and Betcoin discontinued his affiliation deal when they found out he was a thief. [...]

Took Betcoin a while to figure this out, didn't it? They could literally see the money disappearing from the wallet/s (or however the rakeback worked), and it was not until this was made public that Xiao got the sack, so to speak. Betcoin, IMO, failed to take note of what was happening with Xiao and the funds he had control over, and are therefore partially at fault for the damage done. This could have been prevented to an extent.. and the damage would be a lot less than it currently is had they kept an eye on his funds.

[cjmoles]

[...]they chose that affiliate and it was that affiliate who ripped them off, not Betcoin and Betcoin discontinued his affiliation deal when they found out he was a thief. [...]

Took Betcoin a while to figure this out, didn't it? They could literally see the money disappearing from the wallet/s (or however the rakeback worked), and it was not until this was made public that Xiao got the sack, so to speak. Betcoin, IMO, failed to take note of what was happening with Xiao and the funds he had control over, and are therefore partially at fault for the damage done. This could have been prevented to an extent.. and the damage would be a lot less than it currently is had they kept an eye on his funds.

The thing is....that was Xiao's money because that's who owned the affiliate account.  The affiliate deal was between Xiao and Betcoin....not between Betcoin and Xaio's referrals.  Xaio lied to his referrals then reneged on his contract with them....not the other way around.  That's where people are being mislead....Betcoin made no promises, nor any deals with Xaio's referrals, so how are they responsible to pay Xaio's debts?  The same thing with crypto-games....they are partners with an obvious scammer, game-protect ( https://game-protect.com/crypto-games-details/ ). Should crypto-games be responsible for paying those whom game-protect scammed?  I lost $2700 to lock poker, if I subscribed to game-protect (not that stupid)....should crypto-games be paying that back because their partner site, game-protect, can't honor its promises?

Better yet....I have a referral link too....If I offered you a million dollars to sign-up with my link and I didn't pay you, should you be able to get that money I promised to you for signing up with my link from Betcoin?  If so....we can split the difference, right?  $500K a piece?  That's just not how the referral programs work, not now, not ever.

[Lutpin]

I lost $2700 to lock poker, if I subscribed to game-protect (not that stupid)....should crypto-games be paying that back because their partner site, game-protect, can't honor its promises?

If you play on crypto-games, CG holds a certain responsibility, if you play on betcoin, a share of the responsibility goes to betcoin,
if you play on primedice, those guys are responsible to a certain extent, so...if you play on lock poker, guess who should hold some amount of responsibility?
Little hint: It's not any of the first 3.

[cjmoles]

I lost $2700 to lock poker, if I subscribed to game-protect (not that stupid)....should crypto-games be paying that back because their partner site, game-protect, can't honor its promises?

If you play on crypto-games, CG holds a certain responsibility, if you play on betcoin, a share of the responsibility goes to betcoin,
if you play on primedice, those guys are responsible to a certain extent, so...if you play on lock poker, guess who should hold some amount of responsibility?
Little hint: It's not any of the first 3.

What?  Did you just say that crypto-games is responsible for game-protects promises to its referrals?  Crypto-games has an affiliate contract with game-protect, so crypto-games is responsible for honoring game-protects promises to its referrals?  Game-protect promises to get the money back players lost to rogue casinos like, Lock Poker....crypto-games is partners with game-protect....if game-protect does not fulfill its promises to get the money back from Lock Poker, then it's crypto-game's responsibility to honor game-protect's promises?

Hint: Does it makes sense to say that crypto-games isn't responsible for its affiliates scams, but everybody else is responsible for their affiliates actions?  Isn't that, in itself, a scam?  "I will damage your reputation, because I have that power, for doing exactly what we've been doing for years!"

Edit:  Better yet....I can get on Wix right now and set up a webpage offering $1 Million dollars to everybody who signs up with my crypto-games referral link, renege, then crypto-games should be responsible to pay all those referrals what I promised to them, right?

[ungod]

Betcoin lies once again. They originally stated all xiao's signups would be paid their due rakeback through 5/9. As of today, they are saying each player is responsible for reraking their due rakeback in order to receive it. This is a ponzi scheme. Also, xiao's account is no longer banned and he is online right now.

[game-protect]

If it's about Xiao's affiliate program, then why are you trying to extort Betcoin?  Are you really that stupid?  Again, if you think a site is responsible for what their affiliates promise, then why aren't you asking crypto-games for the money game-protect's been stealing?  If I offered 10,000% rakeback and you signed up under my referral, would you really expect them to pay you that amount if I didn't?  Go back downstairs and play with the dolls in your mother's basement, biatch! You're too stupid to be on the internet.

Usually a site has nothing to do with what an affiliate do with his commission.

But the part you 5 cell brain are not able to understand is that it was a site-sponsored special deal. And in this case betcoin.ag is liable for the fulfillment!

It is anyway very unlikely that Xioaxiao is a "foreign" affiliate!

Everyone with half a brain can see that this rakeback model was not sustainable. First they reduced it from up to 133% to up to 85% and now they removed it completely, with the excusation that the "foreign" affiliate Xiaoxiao is the reason, while in reality they removed it because it was not sustainable and needed a whipping boy!

[DarkDays]

Betcoin has already fallen behind their self-imposed deadline to pay players back. 

It's been nearly a month now and nobody has been paid back a dime.  Meanwhile the over 600 players signed up by Xiao to Betcoin continue to rake...and I wonder who is getting that rake?

It certainly isn't the players it was promised to.

[marlais]

So, how much did Betcoin rake Xiao while he was dicing it all away? Or does being a prop player mean that you get 100% RB on dice as well? If they were raking a non-zero amount, they certainly had incentive to let him keep degenning away other players' RB.

I think that given Betcoin's history of telling people that Xiao was a trusted affiliate, they need to pay the missing RB out of their own pockets and then it's their problem to get it back from Xiao. That's what anyone would do if they wanted people to keep taking them at their word on future matters.

[marlais]

For those who care about rake:

Bit-Exo take only 5% tournamenmt fee! This is 50% rakeback compared to betcoin + normal rakeback, leaderboard and promotions.

They have also the amazing Spin & Go tournaments. Traffic is low atm, but this could change in the foreseeable future.

Do you really want to be hawking your referral links in a Scam Accusations thread? Because Scam Accusations is what's going to pop up when you Google Bit-Exo or game-protect. If you don't have anything to add to the topic at hand, find a different conversation. [/rant]

Back on topic, I went through and read Betcoin's reasoning for not paying players directly and requiring them to generate rake equivalent to the amount that was stolen to get it back. It's basically "We have a long and distinguished history of screwing our customers (c.f. Gambit), so it's only fair that we screw you all equally." Does that mean the next time one of their slot providers decides they don't want to pay out a jackpot, it's only fair to screw that guy over, too?

Also, this is twice as bad because when Xiao degenned off everyone's rakeback, it just went straight into Betcoin's coffers as rake and gambling losses. So, they are the direct beneficiaries of all the stolen money. It's not so much that Xiao didn't intend to scam (he did that repeatedly by his own admission), he just didn't intend to lose. No wonder they're treating him with kid gloves and saying they're not sure if they're going to perma-ban him because he's done so much good for the site in the past, etc.

When art was repatriated after WWII after being stolen by the Nazis, nobody gave the current owners or museums a dime or asked the original owners to buy back the art at market value. Why? Because it would have been wildly unethical to demand payment to return stolen goods. I don't see how this is any different. The stolen money is in Betcoin's wallet. It's obscene to have a playthrough requirement to get your stolen money back, and unethical for them to keep it in the meantime.

[Fortify]

Got to love seeing such blatant fraud play out in the forums. There was a lot of "I, me, myself" in the apology post from Xiao - like somehow they are the victim of this nasty disease called gambling. No. You can gamble as much as you like with your own money, when you start using other peoples money it is called theft and any sympathy goes out the window. Lying on top of that to cover your tracks and admitting it later to relieve your guilt is no better. Then again, Betcoin has plenty of it's own scam accusations so should be avoided by all players.

[Nagadota]

Got to love seeing such blatant fraud play out in the forums. There was a lot of "I, me, myself" in the apology post from Xiao - like somehow they are the victim of this nasty disease called gambling. No. You can gamble as much as you like with your own money, when you start using other peoples money it is called theft and any sympathy goes out the window. Lying on top of that to cover your tracks and admitting it later to relieve your guilt is no better. Then again, Betcoin has plenty of it's own scam accusations so should be avoided by all players.

Actually, it's not even about gambling with other people's money.  I highly doubt that he genuinely did that - it's much more likely that he just stole everyone's money and then tried to reduce the amount of investigation and hatred coming his way by making a pathetic excuse.

Obviously it would be evil of him to bet with other people's money, but this is the kind of language scammers like to use to disguise their tactics.