Sportsalive, Bet24/7 Ceased Operations

[Hareeba!]

you were fukkin wrong man get a clue

Once again .. show me precisely where I was "wrong"?

[garyhandley]

I would expect clients to receive a very low % of their balances
IF the segregated account wasn't emptied. If the segregated
account wasn't maintained we will be looking at a fraud case
which will seriously embarrass the ACT govt as their employees
were negligent in their duties.

Legally I wonder whether customers would have a case against
the ACT government as their employees appeared not to enforce
their clearly defined policy on segregated accounts.

Bear in mind Canberra is not Costa Rica. License applicants have
to go through a rigorous probity check and regulators do tend to
enforce govt policy.

As someone who was involved in this business in its previous
incarnation, with several friends and former clients with money at Sports
Alive, I feel a great degree of moral responsibilty to put pressure on the parties who,
I believe, are partly responsible for this fiasco.

Please feel free to PM me if you wish to be included in more private updates/discussions
on this matter.

I too have in the order of $1200 in an account as well as some pending bets. I don't like our chances with 'sportsalive' I have been with them for about 10 years!! Please keep us informed.

garyhandley

[tommygun]

Once again .. show me precisely where I was "wrong"?

I think your turning Senile in your old age

[Hareeba!]

I think your turning Senile in your old age

I think you have a serious issue with comprehending English.

In passing on what I was told I said it was "expected to be" up.
That is a statement of FACT. It was what I was told and it was expected to be up.
If it wasn't you are calling my informant a liar. Do you have any evidence to back that up?
What transpires later on doesn't invalidate what I was told or what I posted.

If I were to say that the bookies expect Collingwood to win the premiership and they lose the Grand Final am I wrong?

[noyb]

ffs. amazing how a few of your posters don't seem to realize nobody gives a **** about who is right and who is wrong. and this thread could be used so much better for actual informational purposes about a book going down with millions in it and a lot of people affected. you all sound like 3-year olds.

[Hareeba!]

ffs. amazing how a few of your posters don't seem to realize nobody gives a **** about who is right and who is wrong. and this thread could be used so much better for actual informational purposes about a book going down with millions in it and a lot of people affected. you all sound like 3-year olds.

Yes noyb, I do understand that and sympathise with you.

But I will never sit back and take unwarranted criticism which the hit and run cowards on this site insist on posting and then failing to support their statements with evidence.

This particular argument began with me posting in good faith information which I believed to be of interest to those with money at Bet247 but unfortunately descended into an ugly fight.

It really makes me wonder if it is worthwhile posting information which I think might help some when there are so many fools posting on this forum.

It always starts out from me with good intentions but unfortunately there is a pack of real bastards here who spoil it for everyone.

[brettels]

I was assured yesterday that Bet247 is not in receivership and is still in business but it may take a little while for them to get their new website up and running. Unlike SportsAlive, they are answering the phone.

Some small simple evidence right there! Should this really continue?

[King_Suckerman]

Anyone know any more than whats already been said?

[brettels]

There is nothing else to it, i'm sure when there is someone who will post a link to the source of information instead of hareebas fairy information.

[Hareeba!]

Anyone know any more than whats already been said?

Are you asking about SA or 247?

[portman]

Hello guys,

I am reading the forum many years however I hadn't registered limiting myself in watching discussions. However I have also the well known issue with Sportsalive. I am trapped since I had much funds with them believing that as a typical Australian bookie my funds are safe. If anyone knows if we have to make any additional actions trying to recover at least part of our funds it would be highly welcome

[Hareeba!]

Hello guys,

I am reading the forum many years however I hadn't registered limiting myself in watching discussions. However I have also the well known issue with Sportsalive. I am trapped since I had much funds with them believing that as a typical Australian bookie my funds are safe. If anyone knows if we have to make any additional actions trying to recover at least part of our funds it would be highly welcome

It's probably a little early yet Portman but I'm sure there will be some positive action taken. I would hope that the ACT government comes to the party as they were supposed to have been overseeing the operations of this bookie and it must be a huge embarrassment for them and at they must at least share the responsibility. If not there will probably be a class action launched on behalf of the punters caught up in it.

In the meantime you may be able to get some information by following up this message:
sportsalive is off-line for scheduled maintenance. CALL TOLL FREE FROM: Australia, 1300 65 65 40. All other countries, +61 2 6207 2911

Good luck

[portman]

Noone is answering the phonecalls in Sportsalive. Probably they have disappeared but is quite bizarre for an Australian bookmaker acting like this. Time will tell if I am gonna see again my funds

[tommygun]

I think you have a serious issue with comprehending English. In passing on what I was told I said it was "expected to be" up. That is a statement of FACT. It was what I was told and it was expected to be up. If it wasn't you are calling my informant a liar. Do you have any evidence to back that up? What transpires later on doesn't invalidate what I was told or what I posted. If I were to say that the bookies expect Collingwood to win the premiership and they lose the Grand Final am I wrong?

I have no problem understanding English.
You have been stating and refuting things when they are not infact true. Get a grip.

[Hareeba!]

I have no problem understanding English.
You have been stating and refuting things when they are not infact true. Get a grip.

answer my questions

[tommygun]

answer my questions

the site still is not back up.

[brettels]

The most likely situation that has happened is TomWaterhouse was happy to take the share of bet247 customers off the hands of sportsalive because the number of members would have been significantly less than taking all the sportsalive members aswell. Now that sportsalive is giving false phone numbers i can only assume that in the coming months sportsalive will come back with a solution, either sending their customers or there balances to the likes of sportsbet, sportingbet, centrebet or being granted bail out money to pay out customers or re launch their site. Who knows really but they can't disappear into thin air forever.

[Hareeba!]

the site still is not back up.

idiot

[Hareeba!]

The most likely situation that has happened is TomWaterhouse was happy to take the share of bet247 customers off the hands of sportsalive because the number of members would have been significantly less than taking all the sportsalive members aswell. Now that sportsalive is giving false phone numbers i can only assume that in the coming months sportsalive will come back with a solution, either sending their customers or there balances to the likes of sportsbet, sportingbet, centrebet or being granted bail out money to pay out customers or re launch their site. Who knows really but they can't disappear into thin air forever.

I appreciate that the above is your opinion only and that you are not providing any guarantees. Accordingly I will not accuse you of having lied or provided misleading information if this doesn't come to pass.

For your information,when a company goes into liquidation it does disappear forever. At this stage all I have read is that they are in receivership which I understand is a stage before liquidation so perhaps they aren't yet dead and buried. However I would think the SportsAlive name is now so tainted that nobody would want to try and re-launch it.

EDIT: I'll get in here before someone says I've lied.
I now see that the company has had a liquidator appointed.

[brettels]

They might not want to try and re-launch it but the least they could do is save face and honour the remaining balances.

[Hareeba!]

They might not want to try and re-launch it but the least they could do is save face and honour the remaining balances.

One would presume that if they were capable of doing that they wouldn't have called in the receivers.

Then again it could be (most unlikely it sounds though) that they have been compliant and all their clients' money is in the segregated account and they respect that it is not theirs to access to meet their company's debts.

[brettels]

OR they will get a bail out from a 3rd party

[tommygun]

idiot

liar. senile old man.

[rogue trader]

Boar i cant seem to PM you, says you've disabled that setting. From SA i'm owed over 25k plus futures pending. I'd appreciate any updates from anyone when they come to hand.

nice to see Tom has taken the 247 clients. good luck people getting a bet on sport there though. he closed my account after 1 wk betting sport there and only ever really having a monkey on things. he doesnt really take any decent sport action unless you're obviously a square so people shouldnt get their hopes up about betting sport there... Racing is a different story though.

Apparently Tom is keen to take the SA clients as well however TW client services are saying that he is not doing that. I hope they're out of the loop and wrong on this. $200 free for you with them though:

"Out of goodwill to sports alive clients however, Tom Waterhouse is offering all theirclients to match their closing balance up to $200 start-up with no deposit required."

[tommygun]

Boar i cant seem to PM you, says you've disabled that setting. From SA i'm owed over 25k plus futures pending. I'd appreciate any updates from anyone when they come to hand. nice to see Tom has taken the 247 clients. good luck people getting a bet on sport there though. he closed my account after 1 wk betting sport there and only ever really having a monkey on things. he doesnt really take any decent sport action unless you're obviously a square so people shouldnt get their hopes up about betting sport there... Racing is a different story though. Apparently Tom is keen to take the SA clients as well however TW client services are saying that he is not doing that. I hope they're out of the loop and wrong on this. $200 free for you with them though: "Out of goodwill to sports alive clients however, Tom Waterhouse is offering all theirclients to match their closing balance up to $200 start-up with no deposit required."

Horrible odds for sports betting at Tom Waterhouse, just god damn horrible! I really hope you get your $25k.

[shari91]

Horrible odds for sports betting at Tom Waterhouse, just god damn horrible! I really hope you get your $25k.

Yeah, no disrespect to Tom but before he officially launched I'd received some sort of "come take a look and give us feedback" email and I had hoped that he was going to offer a few more exciting options than the standard vanilla Aussie book crap. But nothing happened. And now each week I still get some sort of newsletter from them (despite requesting several times to be taken off the mailing list) so out of curiosity I'll check their site each time. Unless you're punting on horses, you're better off just going to a pub and placing sports bets. At least you might score a deal on a parma and pot while betting crappy TAB lines.

[Hareeba!]

Racing is a different story though.

Well not entirely.

I opened an account there almost a year ago and was betting online at best tote - only about $150 a time but after a few weeks got a phone call to say that Tom is happy to continue accommodating me but I would have to phone him on course rather than use the website.

That just doesn't suit my style and has some practical difficulties so I closed my account and despite asking again a few months back whether they could change their mind the answer was no.

[boar]

Rogue Trader, very sorry to hear about your plight.
That is some serious cash. It is unfathomable that
an Australian based book could go up in flames in this
fashion.

Wrt class action etc I do unfortunately suspect that government
regulators are extremely hard to sue. I had a brief look at
a legal review on the issue conducted a few years ago which
certainly suggested that this was the case. I will definitely approach
some solicitor friends of mine in Sydney re a class action should
it transpire that Sports Alive failed to maintain its segregated account.

I will definitely report back in here should I hear anything of substance.
Obviously right now we are waiting for the liquidator's report.

[Champi]

Well i wrote complaint to ACt Canberra...
Is Betfair connected here?

[Hareeba!]

Well i wrote complaint to ACt Canberra...
Is Betfair connected here?

Sports Alive were providing a service to Betfair which they marketed as "Fair Price" which was basically the best odds from the Aussie totes.

Simply a contractural arrangement between Betfair and Sports Alive I believe. No equity involvement by Betfair in Sports Alive.

[rogue trader]

Well not entirely.

I opened an account there almost a year ago and was betting online at best tote - only about $150 a time but after a few weeks got a phone call to say that Tom is happy to continue accommodating me but I would have to phone him on course rather than use the website.

That just doesn't suit my style and has some practical difficulties so I closed my account and despite asking again a few months back whether they could change their mind the answer was no.

Fair enough. Yes it can be inconvenient having to phone through racing bets

[portman]

Guys I also had a well respected amount of funds up there. If anyone will be having any updates please keep us posted. Thank you

[rogue trader]

Good piece here from Matt Fisk, a man well respcted in the industry: http://www.makingthenut.com/content/...ct#comment-355

Please fwd to people you know, we need to get more spotlight on this issue than there currently is and get the blowtorch on this arseclown Greg Jones.

[rogue trader]

Rogue Trader, very sorry to hear about your plight.
That is some serious cash. It is unfathomable that
an Australian based book good up in flames in this
fashion.

Yeah it's not insignificant in relation to my bankroll either. I have 4 other good mates who are owed 20k+ each so between the 5 of us we're owed about 120k alone. I know of a punter owed 100k but that's about 2% of his bankroll so i wont lose too much sleep for him. Thanks for the updates Boar.

Mate of mine will hopefully be having a face to face with Steve Chant (CEO) on Fri so hopefully he can glean some info for us. And then give him an uppercut from all of us of course!

[in play, run(s)]

Good piece here from Matt Fisk, a man well respcted in the industry: http://www.makingthenut.com/content/...ct#comment-355

Please fwd to people you know, we need to get more spotlight on this issue than there currently is and get the blowtorch on this arseclown Greg Jones.

It really makes me angry to read this. F**ck Greg Jones and f**ck sportsalive. Why, of all shitty C-F rated books out there who still pay, why does it have to be an Australian book that everyone trusted in, that runs away with the money.