Garvey Speranza: Karma Bookie Issues

[swole]

I am getting sick of people abusing the karma bookie forum. We need the following to take place:

1. If a bookie risks going in red, he shouldn't be allowed to cover the event.
2. If a bookie goes into negative K because of an event, he should have to buy more K from the K store or else he/she is banned from the bookie forum.

Both myself and musclemuscle have purchased K in the past. Detroitbodybuilders has been in the red before and waited until his K gradually went positive instead of purchasing it from the K store. Now he's in the red again. Musclemuscle is putting 10:1 odds with a max bet of 40,000 karma hits. 40,000. I don't think he will purchase $1,000 worth of K hits from the store. Basically he's using GS's K hits instead of putting his own K at risk.

I love the bookie forum and all the fun us bookies provide, but these issues should be taken care of ASAP. Let's uphold the integrity of that room.

 

[pintoca]

I said before and I will repeat: The minute a bookie goes into the red cause of an event, his CC should be charged with the karma required to pay out and balance at 0. In other words, no bookies with no CC.

Hey, in real-life, some thugs would go to your house and give you a colombian necktie

Its all about integrity

 

[chefbone]

Good morning, good bro's
That's some scandalous shit. I know some brothas that'll take care of that.

 

[KillahBee]

Explain this to me a little more swole, as maybe I don't fully understand how the bookie forum is run. Are you saying that some bookies are (or are able to) set up events and take bets without having the K to back it up? Once an event is closed, does the k automatically get taken from the bookie and distributed to the winners?

 

[swole]

Explain this to me a little more swole, as maybe I don't fully understand how the bookie forum is run. Are you saying that some bookies are (or are able to) set up events and take bets without having the K to back it up? Once an event is closed, does the k automatically get taken from the bookie and distributed to the winners?

The bookie sets odds and maximum karma wager on his own. I can set 1000:1 odds with a 40,000 K wager max...even if I have 1 karma point to my name. The bookie has to manually settle the bets. Sometimes Dev (or any other mod) settles the bets after the event is over. When the bookie settles the event, the karma gets distributed to their rightful owner and winner. Not only will the bookie's green go down, but he can go into negative figures (see detroitbodybuildertigers and chase152 before he was banned). This happened to me before because I set up a boxing event and the underdog won. My K was 1000 hits in red and I purchased $40 worth of karma to get it back up. I don't have a K problem now because I've improved the way I handle my events (not to mention my K whoring abilities).

I don't like how musclemuscle set up a 10:1 shot with a 40,000 maximum K wager. He was down to 11,000 karma points before setting up this event. He did this because he got hit HARD last night with a 4:1 shot and thinks this will put him back in good shape. This is NOT how bookies work. The proper thing to do is set less rewarding odds on cheaper K wager events...or purchase K from the karma store. If the 10:1 KC shot wins tonight, he'll be minus about 940,000 karma points. Yea, 940,000 k, all in the RED. That's about $500 worth of K from the store. In essence, he is risking EF's karma (aka George's karma), not his own. He is putting EF at risk, not himself. Think he'll purchase $500 worth of K? LOL.

 

[chefbone]

Is musclemuscle being scanlalous or what? Whaz da dilly?

 

[KillahBee]

I copied this to the Mod board - not sure if anything can be done, but it's good to let admin know feedback on these new boards/functions. Thanks for the explanation.

 

[hamstershaver]

lol at swole taking credit for my post in the bookie room last night

 

[SoreArms]

yeah, no one should be able to wager beyond their positive K balance

 

[Lestat]

wow.. i knew i stayed away from that madness for a reason.

I don't like how the payouts are settled manually, the K should be deducted and distributed automatically.

lol @ 40,000 max bet at 10:1 odds!!

 

[Lestat]

and a BIG LMAO @ Garvey Speranza

 

[swole]

lol at swole taking credit for my post in the bookie room last night

My bad Hammy, you did post most of these ideas in the bookie room.

 

[swole]

wow.. i knew i stayed away from that madness for a reason.

I don't like how the payouts are settled manually, the K should be deducted and distributed automatically.

lol @ 40,000 max bet at 10:1 odds!!

I prefer settling my events manually, but if I'm away from the comp for a while, Dev will do it for me. A mod will always be able to settle events, even if the bookie goes MIA. There are times when an event (Tour de France, The British Open) take longer than a day to complete. This is why manual payouts are good sometimes. Don't worry, either way you will get your K.

Thanks Killah, we'll see if Jorge has anything to say.

 

[hamstershaver]

thread where it all started
http://www.elitefitness.com/forum/showthread.php?t=411122

 

[hamstershaver]

where hammy calls out the idiot on the thread last night
bookie room quote of the year

there is absolutely no risk on his part then
if he wins he pockets the winnings, if he loses he fucks over EF since EF has to cover his losses (which they did last time)
people have to (and do) pay $100 to get 100000 from the k store
this k comes directly out of Georges pocket this way to settle his debts if he loses
am i the only one that sees this?
this is not the first time he has done this in the bookie room, and the last time he did not purchase k to pay back George for settling his bets, instead he got back in the + by having his boyfriend keep sending him k donations
imo if this guy does not pay with his own $$$$ to settle his bets not only should he be band from the bookie room for life but his plat should be stricken from him immediately
swole, you and musclemuscle have both purchased k to cover your loses in here before and hung has said he would of in the past if he had a bad beat, thats what a real bookie does, yet this fuck seems to do whatever he feels like with no consequences whatsoever

 

[Devastation]

yeah, no one should be able to wager beyond their positive K balance

nobody can wager more than they have in green k. however a bookie can make an event with whatever max bet and payout they choose as long as they have a positive k balance. i don't see that part changing, but anyone who has a negative k balance, plat or not, should be denied access to the bookie forum. if a bookie makes an event and loses their proverbial ass in the process, and they ever want to return to the bookie forum, they SHOULD be required to purchase all the k necessary to go pack to even, PLUS an additional 50,000 k pts. if they do not buy the k and it's all donated/whored back to them, they should not be allowed back in. i don't think it should be mandatory to buy the karma to cover, as none of us can cash in our chips/green dots for dollar bills at the end of the day. abuse of that forum shouldn't be tolerated tho either. digger and i have spoke in the past about the bookie forum and a certain bookie, and i pm'd him about the situation that arose last nite. we'll have to wait to see what admin ultimately decides to do with it

 

[Lestat]

So bookies are allowed to make events they can't cover???

 

[hamstershaver]

So bookies are allowed to make events they can't cover???

yep, dtbb already had the same thing happen him before in there thats why i went off on his ass last night
seriously i think he should be deplatted for this if he doesnt pay up since this is his 2nd offense
what is stopping some plat who doesnt give a shit about karma going to the bookie room and making a thread with 100,000:1 odds and a max bet of 1,000,000?

 

[Lestat]

yep, dtbb already had the same thing happen him before in there thats why i went off on his ass last night
seriously i think he should be deplatted for this if he doesnt pay up since this is his 2nd offense
what is stopping some plat who doesnt give a shit about karma going to the bookie room and making a thread with 100,000:1 odds and a max bet of 1,000,000?

that's not a bad idea.

I will transfer most of my K to someone else, make some bets that I will likely make money on.. but if I lose I'll just not pay.. then months later get my karma back via a transfer!

I don't think this type of thing should be allowed.

 

[hamstershaver]

that's not a bad idea.

I will transfer most of my K to someone else, make some bets that I will likely make money on.. but if I lose I'll just not pay.. then months later get my karma back via a transfer!

I don't think this type of thing should be allowed.

thats not what i mean
im talking about someone who doesnt mind going 100,000,000 in the red hole
so they make a thread that is a cant lose for the bettors and have everyone bet up on it so that they win millions
as it is now EF will cover the loss for the bookie that made the thread

 

[spongebob]

ive got 2500 on kc better pay up, this how a nigga eats

 

[Lestat]

thats not what i mean
im talking about someone who doesnt mind going 100,000,000 in the red hole
so they make a thread that is a cant lose for the bettors and have everyone bet up on it so that they win millions
as it is now EF will cover the loss for the bookie that made the thread

shit man, that is awesome. want sacstatehornet to do that?

 

[hamstershaver]

shit man, that is awesome. want sacstatehornet to do that?

lmao, im out

 

[Lestat]

lmao, im out

your idea bro.. come on

 

[swole]

Great point Hammy, I thought about that too...having someone set up crazy odds and a 100% chance of winning.

Everyone please reference this thread to see how wrong it is to set up crazy odds and a sky-high k wager limit:

http://www.elitefitness.com/forum/showthread.php?p=5082751#post5082751

 

[pintoca]

this shit is beyond scandalous...playing with karma!!! Sinners!!! all of you

 

[gotmilk]

dig-dugger put the kibosh to DBBT earlier when DBBT tried to make events while in the negative.

If they want to go red...they should be banned from making events until they buy more karma.

We have enough great boogies to take over.

Personally...I miss 4everhung's events.

 

[Spartacus]

I prefer settling my events manually, but if I'm away from the comp for a while, Dev will do it for me. A mod will always be able to settle events, even if the bookie goes MIA. There are times when an event (Tour de France, The British Open) take longer than a day to complete. This is why manual payouts are good sometimes. Don't worry, either way you will get your K.

Thanks Killah, we'll see if Jorge has anything to say.

swole is completely on the up and up
me too

 

[Spartacus]

dig-dugger put the kibosh to DBBT earlier when DBBT tried to make events while in the negative.

If they want to go red...they should be banned from making events until they buy more karma.

We have enough great boogies to take over.

Personally...I miss 4everhung's events.

I'm still around
just been sort of busy lately and swole and a couple others were handling the chores
but I am dismayed at musclemuscle' erractic behavior lately

 

[hotzie]

swole is a good bro and a good bookie , good lookin out at all the idiots tryin to scam the site... i hope admin handles this , just like they did the karma store fiascal

 

[pintoca]

The bookie sets odds and maximum karma wager on his own. I can set 1000:1 odds with a 40,000 K wager max...even if I have 1 karma point to my name. The bookie has to manually settle the bets. Sometimes Dev (or any other mod) settles the bets after the event is over. When the bookie settles the event, the karma gets distributed to their rightful owner and winner. Not only will the bookie's green go down, but he can go into negative figures (see detroitbodybuildertigers and chase152 before he was banned). This happened to me before because I set up a boxing event and the underdog won. My K was 1000 hits in red and I purchased $40 worth of karma to get it back up. I don't have a K problem now because I've improved the way I handle my events (not to mention my K whoring abilities).

I don't like how musclemuscle set up a 10:1 shot with a 40,000 maximum K wager. He was down to 11,000 karma points before setting up this event. He did this because he got hit HARD last night with a 4:1 shot and thinks this will put him back in good shape. This is NOT how bookies work. The proper thing to do is set less rewarding odds on cheaper K wager events...or purchase K from the karma store. If the 10:1 KC shot wins tonight, he'll be minus about 940,000 karma points. Yea, 940,000 k, all in the RED. That's about $500 worth of K from the store. In essence, he is risking EF's karma (aka George's karma), not his own. He is putting EF at risk, not himself. Think he'll purchase $500 worth of K? LOL.

WTF??? Swole, you ain't no stinkin' ho!!!

 

[gotmilk]

I'm still around
just been sort of busy lately and swole and a couple others were handling the chores
but I am dismayed at musclemuscle' erractic behavior lately

BET NOW

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