Monday, April 22, 2013

US GOV. VS BETTING INDUSTRY



BY. WAGERMINDS
In a press release, the Department of Justice today announced they have received indictments on 34 individuals and 23 entities for soliciting more than $1 billion in illegal sports bets. Spiros Athanas, widely known throughout the offshore betting industry as “The Greek,” is among those indicted. Athanas founded TheGreek.com, one of the sharpest offshore books in the industry, which stopped accepting US customers nearly two years ago. The other bookmaking shop targeted by the indictment is the Legendz Group which operates BetLegends.eu.
Today’s indictments are the result of a multi-year investigation by the Department of Justice, the FBI and the IRS.
The indictment alleges Bartice Alan King, 42, of Spring, Texas, worked with others to set up an illegal bookmaking operation in San Jose, Costa Rica before moving the operation to Panama City. The company, known since 2003 as Legendz Sports, took wagers online and through bookies located throughout the United States.  According to the DOJ, Legendz (and its affiliate companies) handled more than $1 billion in sports bets since 2003.
Jim Finch, Special Agent in Charge of the FBI Oklahoma City Field Office, said “individuals cannot skirt the laws of the United States by setting up illegal internet gambling operations in a foreign country, while living in the United States and enjoying all the benefits of U.S. citizens.”
In addition to Bartice King, Spiros Athanas was indicated. The founder of TheGreek.com, Athanas is alleged to have loaned between $1.5 and $3.5 million to Luke King (another person indicted) to build a call center for Legendz Sports in Panama. For nearly two decades, Athanas has been considered one of the sharpest and most well-respected offshore bookmakers. It’s unclear how this indictment will impact TheGreek’s remaining operation which now only handles bets from non-US customers.
The indictment calls for the forfeiture of assets held by all 34 defendants which, combined, total over $ 1 billion. Now, something doesn’t add up. If this group facilitated $1 billion in wagers over a 9 year period, they likely ‘won’ somewhere $50 million handling all those bets (the average hold rate for Nevada sports books has been 5% over the past decade). And that $50 million is gross profit so it doesn’t account for the cost of running an offshore sports book: call centers, IT infrastructure, marketing, agent commissions, etc. If this group onlyhandled $1 billion in sports bets, there is no possible way they could have amassed $1 billion in assets from this gambling enterprise. So, one of two key points in this indictment are incorrect: either the group handled far more than $1 billion in bets or the group has nowherenear $1 billion in assets.
Some other interesting notes from the indictment:
* Assets listed to be forfeited include dozens of properties in Texas (specifically, in The Woodlands) and New Hampshire
* Other assets include banks accounts at a number of large institutions including Wells Fargo, JPMorgan Chase, TD Bank, and Wachovia. Vehicles tagged for seizure include a 2009 Maserati Quattroporte and a 1969 Ford Mustang.
* One of the indicted purchased a $1.65M condo in Sarasota, Florida in 2008 and used $400,000 in gold coins as partial payment.
* The domains that were used by Legendz (and its affiliates) include Legendz.com, betlegends.eu, betwalrus.com, mvpplay.com, betjamaica.com, olympicsports.com and others.
* Nicknames, always the most colorful part of sports gambling indictments, include “Bubbles,” “Gooch,” “Fat Mikey,” “Frank the Bank,” “Big Dog,” “Top Cat,” “Big Lou,” and “ROLLTIDE.”
* Between March 31, 2008 and October 31, 2012, Spiros Athanas is alleged to have transferred $3,349,650 from a bank account in Jamaica to a bank account in New Hampshire.

Thursday, April 18, 2013

Explanation

I want to explain a little bit the reasons why i expose Profitbets and sometimes others.

Im doing this because some people have questioned me about the real reason or why i spent my time doing this.

First of all i want you to know that there is no such thing as best capper, #1 capper in the world or all the bullshit everyone says. Also you are not going to be rich by betting IMO. You want money ? Get a job and work your ass off!!!
Betting is a hobby and a possible problem if you dont know how to control it.

Im not going to get into this issue for now....

If you pay for plays you also have to know that there is a big chance you can lose your bankroll and its stupid to be mad at the tout if he loses. You already knew that could happen.

But the real problem is this...if you pay a guy like profitbets you are not paying a capper! You are paying a scammer!!! And that i cant live with it!

As i already posted there is no documentation of his plays, he has opened 3 accounts on wagerminds already! When he sends emails with plays there is no explanation or a write up of the play as real cappers do!

He only plays what he likes or throws longshots to see if they hit.
Also if you are a member you can see that most of times if not all he only plays favorites...

Juices always are really high, ive seen -250 -300 im his plays...
Obviously when he loses he doesnt count the juice he laid n the wager.
For example yesterday he played bruins 25 u in the ml at -250!! And also the rl and obviously he lost...

He has fake accounts on twitter wre he posts giving him shoutouts and telling a bunch of lies...

You can check his twitter and you can see that he posts plays when games already started, he post bets that are not available or doesnt exists, for example he sends in soccer o2.5 goals and the actual line is o3 or over 3.5. He claims winners that he didnt post or sent to clients... I can go on and on and on

So you know i dont get paid by anyone, im just a gambler and a person that a few years ago made a mistake.

I dont get anything from this but the satisfaction of saving someone ass and a lot of money.

Ive been receiving a lot of information,of this guy that maybe someday ill make it public. I havent because it can be really harmfull to this guy. he is an idiot and scammer so my job will be advice people from gettiing into this hole.

Im not a member of his list or pay him to receive plays as he claims. I receive the emails from a few of his clients and i have proof of that.

I hope that this helps if you wre thinking in paying him or his fellows...

Good luck





Wednesday, April 10, 2013

Bets april 9th

MLB

Detroit ml
Rangers ml
Nationals rl
Braves rl
Reds ml
Giants ml and under
Brewers ml

Parlay ducks, braves and nats ml