Apology, Bad Beat Jackpot Distribution, and Discussion of the Future of Betcoin.ag

Betcoin.ag will distribute the Bad Beat Jackpot to players and would like to apologize for not handling this matter efficiently and expeditiously.

by Betcoin on December 28th, 2017

First and foremost, we would like to apologize to the great players that have played with Betcoin.ag over the past 4 years. We apologize to you, because our research indicates that Betcoin.ag has not taken the very best care of you. We also apologize for not handling the Bad Beat Jackpot matter in the most expeditious and fair manner as possible for all of you great players.

Betcoin.ag is now committed to addressing your concerns in the most professional manner and immediately handling player concerns. We are very excited to be improving the overall culture. As our first matter, we believe it is necessary to distribute the Bad Beat Jackpot based on the percentages to players who have contributed to that Jackpot through the years. We will be calculating the totals over the next week to two weeks and expect that all distributions will be posted to player accounts by the second week of January 2018.

We believe that this is the right and just thing to do, as many of you entrusted in Betcoin.ag and continue to do so. We are excited about the future of Betcoin.ag and committed to providing you the very best place to play. We can assure you a mix of new promotions, games and opportunities, as well as an exceptional 24/7 customer support experience. Please check back here for future updates and we sincerely thank all of you for playing at Betcoin.ag.

 Filed under: Poker, Bad Beat Jackpot, BBJ

196 Comments

Mentat: That's actually a good
Mon, 01/08/2018 - 23:24

That's actually a good question.

There is no direct way to answer this so I am going to analyze it quickly and objectively since I am pressed for time.

The direct answer is "No"

I do not think it is necessary to sign up for it, since Betcoin already collected players email addresses when they presumably signed up under a valid account. So you would think it would be automatic.

However if you signed up under more than one account, you might want to consider sending them one more email if you don't think they are just going to do the right thing and take care of you.

As far as automatic payments, my guess for this answer would be, NO, they will just credit you automatically and you should not have anything to worry about but again please do remember just one important thing that I think will help you a lot in the long run, ok, I would picture it this way, if they aren't going to just automatically correct the situation with perfect valuations where should we go where we can expect this?

Because if you know a better place than here I am all ears.

I love this site.

..

BigBadMan: BBJ return
Sat, 12/30/2017 - 23:31

Mostly played cash games myself, so looking forward to a nice wee payout (wee being the operative word).

Any idea when this is due to happen ?

Sandal_Hat: love this idea
Sun, 12/31/2017 - 02:14

makes me sad to see this site go though, mixed feelings

jura1313: Спасибо!!!
Sun, 12/31/2017 - 16:45

Спасибо!!!

bitmita: bad beat payouts
Mon, 01/01/2018 - 21:33

looking forward to recieving my stake of BBJ after three years of use..
Any ideas on other decent bitcoin poker sites to continue the grind?

uhnoyingf7ck: Thank you!
Tue, 01/02/2018 - 00:51

Looking forward to my multiple bitcoins! Once you guys revamp your sports betting and have better tracking I will contine to use your sports betting! It's hard to figure out who you are betting on...

ipath: Whoa
Tue, 01/02/2018 - 01:14

You were grinding 4 tables at 1/2 with me for like a year straight, havnt seen you forever man hope all is well! I would like to think we should get a decent amount

spaced: mentat has more coming
Tue, 01/02/2018 - 23:32

than anyone else here. he played nearly 300k hands in a span of like 4 months, all here mostly at micros, and that was just 4 months.

ChefSick: Distributions
Tue, 01/02/2018 - 18:46

Any idea how to get hand history and calculate what each player Will get? No clear on how betcoin is calculating the distributions

HugzNKissez: All the cash game grinders
Wed, 01/03/2018 - 00:53

All the cash game grinders should see a pretty penny from this. Hope they do us right. I'm pretty confident they will.

skway111: played cash on Betcoin
Wed, 01/03/2018 - 16:06

I played cash games on betcoin frequently and I enjoyed it very much. Sucks poker is discontinued but thanks for being fair. Looking forward to the payout.

twitchyseal: When I first read Betcoin got
Wed, 01/03/2018 - 17:36

When I first read Betcoin got "acquired" I was certain they were full of crap and just saving face after deciding to shut down the poker room. I thought the chances of them stealing the BBJP was 100%

If Betcoin pays out the balance of the BBJP in a fair way I will be very impressed and will say so on all the forums I'm active on.

This is not the way former management would handle the situation. I can't think of another instance that Betcoin gave a sincere apology for literally anything.

Assuming Betcoin does what they said they will, I will be convinced that they have been acquired by a much more ethical group of people and would even go as far as recommending other players give them action.

I don't have time right now to edit down the convo myself and a few others had with support in player chat, but I want it to be made public and easy to find, so here you go: https://pastebin.com/yJCA5ysM

I've always thought Betcoin had great potential, which is part of the reason I attacked them relentlessly every time they did something scummy.

To the new owners:

Don't fuck this up and eventually you guys will be able to recover from all the bullshit that has happened over past few years.

Be transparent. Be honest.

Also, fire Jessica. (Thankfully Andrew is already gone)

<3 Twitchyseal

LetsGumbol: .
Wed, 01/03/2018 - 18:45

Kappa.

ThatsMean: Agree with OHYEAH
Wed, 01/03/2018 - 20:18

I pretty much agree with everything OHYEAH said. Betcoin was (and still can be) a great place to gamble bitcoins. Resolving the BBJ issue honestly and transparently will go a huge way towards fixing a lot of the problems previous management had.

Mentat: Just want to point out
Wed, 01/03/2018 - 22:55

^ Just want to point out that ThatsMean was one of the highest volume regulars on the site -_-

I am pleased to hear that the BBJP is being distributed but I think it's difficult to calculate it because of the fluctuation in BTC value. If someone won it, I think they were supposed to pay it out in BTC and not USD.

There was an earlier comment made by them about their terms and conditions and cancellation policy with the left over tickets which definitely did have value so I find it a little bit strange that they wouldn't issue small refunds for those to their player base.

The goods news is, though, that that doesn't necessarily suggest they will go the same route with the rest of the leftovers, right?

I mean, while it's important for them as a business to protect their image going forward, especially as the premier site in my eyes as a crypto community and gaming establishment ... what I really want to touch on here, guys, is that we put our blood sweat and tears into this place just like Paul did in going through tickets and development phases. Is anyone reading SickMetaGames post while he actually tries to calculate the value here? or is it just a PR move and does the energy not matter .. ??

From a homeless person, I am happy with whatever the site issues me, but I find the energy a little more important.

Please view skippy's thread on what he thinks we should do with the funds.

https://www.betcoin.ag/support-betcoin-give-bbj-charity-unicefusaorg

+1 OHYEAH

Mentat

ipath: Agreed
Wed, 01/03/2018 - 23:09

So many of us did everything we could to not only promote here but keep action alive at all costs. I havnt played as much this past year but for the first 2 years I played betcoin I can literally count on one hand who kept the higher stakes alive, mentat, thasmean, Ding, Donatello, roulette king to name a few have all played many thousands if not hundreds of playing 1/2 - 5/10 during the most important growth period of betcoin. SMG has done a lot for betcoin over the years and done his fair share of grinding it out as well. I've gone through almost 100k hands so far and I can say without a doubt I've paid a minimum of .4 btc into the BBJ, and there are many others who have me crushed in volume. I have a previous un resolved ticket where I am owed nearly 1.5 btc in un paid rakeback alone. Some of us rely on rakeback to make a profit in this constantly evolving environment. I have nothing but respect for how the new team has been responding but there has to be something in that deal about purchasing current debt and un resolved issues of players.

twitchyseal: @ipath - don't forget BTCTitz
Wed, 01/03/2018 - 23:17

@ipath - don't forget BTCTitz

Assuming Betcoin does what that say they will do (and I think it's more likely than not that they will)
I think Mentat will runaway with #1 spot with ungod and btctitz a close second and third.

@Mentat - I think the value of Bitcoin should have literally zero to do with how they handle this situation.
More importantly, assuming you get what you're owed, don't be a fucking idiot with it. It will certainly be life changing money for a homeless Florida bum like yourself (or maybe you're not anymore? ). Find a way to protect yourself from yourself - if you don't I wouldn't be surprised if you were dead within 6 months.

spaced: well said
Thu, 01/04/2018 - 04:08

+1

LetsGumbol: ipath
Wed, 01/03/2018 - 23:21

Don't forget about the people you've scammed Mr ipath. You forgot to mention that in your I supported betcoin message. Good day.

tru0025: Wow
Thu, 01/04/2018 - 04:43

Hope we really get what's owed I see USA can't withdraw from wallet now great.

LetsGumbol: Yes we can
Thu, 01/04/2018 - 04:49

We can still withdraw if you click on the button. We are just unable to deposit.

LakeRaTT1771: BBJ Disbursement
Thu, 01/04/2018 - 05:03

I played quite alot for a while myself. enough to bump into gold 2 vip level. Rather excited to see you guys willing to resolve this in this manner.
I'll be shouting praises to the hills and beyond once this is resolved poker or no poker,

rip poker :(

goingpr1213: Cash Games
Thu, 01/04/2018 - 06:05

Man, I sure am going to miss crushing those cash games!

Poincare: BBJ
Thu, 01/04/2018 - 06:16

I am gettin gsome chips out of this for sure, only played cash for so long

RouletteKing: BBJ
Thu, 01/04/2018 - 12:01

What was the percentege of the rake that went to the BBJ and was it only counted from 3+ players?

Mentat: ah.... in essence, I think
Fri, 01/05/2018 - 00:35

ah.... in essence, I think you might have asked the same as me, albeit a bit more eloquently.

https://www.betcoin.ag/apology-bad-beat-jackpot-distribution-and-discuss...

Mentat: asked the same question as me
Fri, 01/05/2018 - 00:37

asked the same question as me*

before me*

*typos

[x] lol
[x] shot
[x] spam
[ ]

REDSCARFACE: still waiting for the bad
Fri, 01/05/2018 - 00:27

still waiting for the bad beat payout you guys paying it or what?

Mentat: I have heard that they needed
Mon, 01/08/2018 - 23:14

I have heard that they needed to go over some of the records they have saved in the player system, but listen man, I expect they are going to do the right thing for their players and I am looking forward to staying on this site as a sports affiliate!

Happy 2018 everyone and god bless ALL!!!!!!!

Mentat

.

REDSCARFACE: I have around 71 players them
Mon, 01/08/2018 - 23:26

I have around 71 players them cutting USA knocks the work I putt in to prolly 0. bookmaker is the only legit sports affiliate I'm pushing seeing as I have over 200 and they have no intention to cut USA players. I have gave betcoin there chances and it failed. So I'm to the point where I wI'll dip once I get the payout. I been here for a good long while and seen both positive and negative. betcoin George ruined it for the new owners.

tru0025: lol
Fri, 01/05/2018 - 01:10

Would be crazy they won't pay .Been here since day one and support has always been shitty.

Mentat: ...
Mon, 01/08/2018 - 23:15

...

how do u add a space to the forum

like this

?

cycovizion: Glad they are doing the right
Fri, 01/05/2018 - 06:04

Glad they are doing the right thing. Hope they actually follow through with it.

REDSCARFACE: you can tell the site has
Fri, 01/05/2018 - 12:28

you can tell the site has really gone down hill. Saying new owners but if that was true why did they lock USA players out? I think there is a exit scam being played on some one for the price of bitcoin.

REDSCARFACE: BTW I WAS READING MENTAT
Fri, 01/05/2018 - 22:24

BTW I WAS READING MENTAT COMMENT. I agree totally I have a shot ton of tickets left I earned from step ticket up to daily that you guys changed. I believe we should get at least a few chips for each ticket we have left. I payed a while back to win step tickets to daily. It's bs. We should get something for these left over tickets.That's another way to get over on there so called "valuable" players they say they want to keep happy?

spaced: the ticket system was already on its way to being
Sat, 01/06/2018 - 01:21

phased out before poker was discontinued I have a lot of tickets as well but I'm good with that.

jaydaddy: there is NO WAY THEY EVER PAY
Sat, 01/06/2018 - 03:28

there is NO WAY THEY EVER PAY THIS OUT! THEY look at it like buying the site aND taking the 49 BTC is a discount to the overall price of the site

Mentat: what do you propose we do
Sat, 01/06/2018 - 22:37

what do you propose we do then?

betbetbet: 2+2 awaits
Sun, 01/07/2018 - 03:43

I think they'll payout. Guy's who are wondering when the payout should read the post. They said hopefully on the second week of January. There is an active group in the 2+2 forum that is talking about Betcoin.

For those of you who do not know what 2+2 is, it is the most influential poker forum on the internet. What Betcoin decides to do this month will be a big factor on the success of Betcoin from here on out. Hopefully they do the right thing.

A businesses success is largely dependent on their reputation. Never underestimate the power of a good reputation.

REDSCARFACE: I have seen so much negatI've
Mon, 01/08/2018 - 05:45

I have seen so much negatI've feedback they don't answer in or care. The thing is we just need to hope this week we all get some chips to withdraw for what we played. I feel jilted by having poker tickets still plus some who played to get the vip.

XBTCOLLECTOR: Good to hear this. I raked a
Sun, 01/07/2018 - 09:38

Good to hear this. I raked a hell of a lot with my loose ranges. Looking forward to the payment. I really hope the payments are fairly distributed according to the contributions.

cycovizion: What makes you think it's
Sun, 01/07/2018 - 23:47

What makes you think it's only going to be $10 per person? Maybe the average player will get $10, but some people have played a lot of hands. I used to grind on here so think I'll get a decent amount. I feel like all the unclaimed money should go into a freeroll and all members who have contributed to the BBJ should get access to it.

michigan1: what kind of freeroll
Mon, 01/08/2018 - 00:10

Do you not get that they have no poker client anylonger?

tru0025: Betcoin
Mon, 01/08/2018 - 08:44

Well betcoin We all know you guys said around the 2nd week of January 2018 and you guys of course have not reached that time frame yet. But could we maybe get sum sort of ATT update on the situation because to us it looks more like a old ghost town for being acquired but a new brand or even a takeover. Feel we should be close enough to the time frame given by you guys that it should be real easy to give a quick explanation no more then a paragraph long would be comforting. Hint drop a quick line to the players what the new team have accomplished this past week and a half like how u guys are going to base the disbution of the jackpot by Well that should be easy by the players status ranking .Just let us know whats up cause suposely this site or new brand or re-brand or revolutionise Betcoin.ag We all know this is a lie a buytime lie this site has not been re-branded same shady Snakes in the GRASS trying to hide and by time while THEY PLAN A POKER(/!\-GOX.

StareYouDown: Hi.
Mon, 01/08/2018 - 21:50

Any extra unclaimed BBJ funds should be given to those great moderators like plo8monster and zzzzzz that helped day in and out in many ways. Cheers.

twitchyseal: I strongly disagree.
Mon, 01/08/2018 - 22:45

I strongly disagree.

After a reasonable amount of time (which should be debated separately) Any unclaimed BBJP funds (which there will certainly be plenty of) should either:

A - Be donated to charity in a transparent way to a legitimate charity
or
B - Divided up and distributed to the original players who have originally claimed them.

Simply giving the funds to Betcoin reps/employees/affiliate/whatever is literally the most unethical thing that could be done with them. It would be equally unethical to simply keep the funds for themself.

2crazy4you: the new owners should be
Mon, 01/08/2018 - 22:23

the new owners should be beatin severely i knew there was something to it when you have 20 open tickets never responded to

2crazy4you: also how much people said
Mon, 01/08/2018 - 22:24

also how much people said they had money missing in transfers from wallets

PokeHerStars: TY
Mon, 01/08/2018 - 23:50

Thank you for starting off at a better point than the previous administration left things.

The BBJ handling was always very strange.

sevzor82: i played at lot at the BBJ
Tue, 01/09/2018 - 17:10

i played at lot at the BBJ tables I have not gotten anything back ? One last screw from Betcoin huh ??? Cool glad you are gone.

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