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

153 Comments

PokeHerStars: I don't believe anyone has
Tue, 01/09/2018 - 17:51

I don't believe anyone has received anything yet. In the post they say second week in January lol.

STBPRakeBack: Im still awaiting my affaliate payment
Wed, 01/10/2018 - 09:07

Ive had a support ticket in that has not been resolved for whatever reason my account was not payed affiliate payment for 4 months total during that time my account was receiving payments of about 30 to 35 MBTC a month from multiple customers that have told they continued to play during that time. Are affiliate payments going to be made? The total missing from my account is between 120 to 140 MBTC. I hope the new management continues to take care of their long time supporters.

Betcoin: BBJP Update - We are still
Wed, 01/10/2018 - 12:39

BBJP Update - We are still working through the data and expect an additional update within 48 hours. Thank you.

Skippybp: Are we gonna have a public ledger
Wed, 01/10/2018 - 14:20

Are you guys posting a ledger showing payments to all players?

How do we know your being fare?

xxlx2014: no update nothing in my account
Wed, 01/10/2018 - 16:15

no update nothing in my account .bY tiki tiki name xxlx2014 .peding update affiliate balance ranke etc

MoneyCoin: Bad Beat Jackpot
Wed, 01/10/2018 - 16:29

if this is true - then this is good news

juani: Nice
Wed, 01/10/2018 - 16:30

Thanks Betcoin. This is the best thing to do.. I always use to start badbeat tables but never had a chance to win jackpot, i dont know if it is really winnable except for 1 guy who won it, the rest is history and accumulation. You should base it on badbeats table, because that is where the rake was gotten and get accumulated.

FukSocietyy: Transparency
Thu, 01/11/2018 - 00:40

I would ask betcoin to be more transparent. When we paid out rake to bbj Bitcoin was low so we should be getting a decent amount since Bitcoin has gone up like crazy. PLO8 and management this is probably my first comment on this site. I am just requesting a fair payout for a 800k bbjp. We would like to see a spreadsheet of what's being paid out. Because by just sending random amounts it wouldn't be fair for us to think you guys played out fair. Please she'd some light on the transparency we will be seeing regarding this. And most of us know who's who on this site so let's do the right thing.

Skippybp: Where ekse do u play fuksociety
Thu, 01/11/2018 - 03:13

Is this based on all rake or just the bad beat tables?

The bad beat tables were not plo right?

LetsGumbol: Hey
Thu, 01/11/2018 - 05:00

I don't know for a fact but I don't think plo8 nor any mod for that reason has anything to do with the bbj being dispersed. I'd suggest sending a ticket to support or talking to live chat about this so your opinion is considered.

Cheers.
Gumbol Gumbol.

JRepp360: update
Thu, 01/11/2018 - 15:17

We deserve a detailed message update since you guys are beyond the time frame given.

oracle1: bbj getting a piece
Thu, 01/11/2018 - 15:57

so how do we know how much we are suppose to get
i have played over the years on the site

spazballz: Cant wait
Thu, 01/11/2018 - 16:10

Lets see what really happens

HugzNKissez: I'd also like to see a post
Fri, 01/12/2018 - 00:54

I'd also like to see a post on what factors will be taken into consideration when distributing the jackpot.

all up in it: hey you have to give them
Fri, 01/12/2018 - 02:41

hey you have to give them some credit they did just take over a business and are sorting out all the bumps they can and to tackel THIS BUMP is a HUGE obstacle its A TON of MONEY so props to them for doing there best . KUDOS SIRS

ThatsMean: 8 hours till BBJ payout announcement
Fri, 01/12/2018 - 02:42

Can't wait!

REDSCARFACE: Nice im hoping they hurry
Fri, 01/12/2018 - 04:35

Nice im hoping they hurry because i wouldnt mind using some of my chips for sports lol.

Betcoin: Update - We are continuing to
Fri, 01/12/2018 - 05:42

Update - We are continuing to go through the extensive data. We had to employ the former members in order to parse the data. Due to the complexity, it is taking longer than originally anticipated and we will have another update early next week. Thank you for your patience.

EyeWonBTC: Just thought of something
Fri, 01/12/2018 - 18:27

Players at small $ tables never had the chance to win more than 20% of the BBJ. The BBJ was hit at .01/.02 I believe and only 20% of the BBJ was distributed. So these players should not get the same chance to get all of the BBJ now because they never had the chance before.

PokeHerStars: bbj contributions were also
Fri, 01/12/2018 - 19:49

bbj contributions were also bugged at micros for a significant period.

REDSCARFACE: dang and I thought it was
Fri, 01/12/2018 - 18:30

dang and I thought it was Going to be today :( hady hopes up betcoin friend! See ya next week and thanks.

Skip: This is sure to be unpopular.
Sun, 01/14/2018 - 04:45

This is sure to be unpopular......but......hear me out......why wouldn't the easiest and best way be to distribute by VIP level? All community members have been affected either directly or indirectly by sometimes less than stellar customer service.....and the best indicator of loyalty of community members would be VIP level...maybe choose an arbitrary minimum VIP level to include, to help weed out the multi accounts....I'm assuming there is nothing requiring these monies to be distributed, so, whether it just distributed to cash players who directly contributed, or included tourney players who indirectly contributed to the overall size of the community (and thus the health of the community), should be a mute point.....now, I assume my VIP level is average at best, and my cash play in any volume would have been early on in Betcoin's lifetime and more recently, so, either way I don't expect that my distribution would amount to much....so, this comment isn't really driven by personal gain.....it just seems to me that after weighing the amount of effort and expense involved in parsing all the data against what's fair that this would be the most sensible path.....

Skippybp: Bigthangz has a micro penis
Fri, 01/12/2018 - 14:26

Check out the latest pokerfraud alert radio show with guest twitchyseal

It's very entertaining as always and they go over everything on betcoin

xxlx2014: next week , next week
Fri, 01/12/2018 - 15:22

next week, next week all time only this told betcoin next week :))) maybe and more easly told never update ?

BigBadMan: next week ??
Fri, 01/12/2018 - 21:14

Oh Dear....

It seems we are being led along a very familiar path which has no ending ????

OHYEAH: PFA Interview
Fri, 01/12/2018 - 21:17

PFA Interview

For anyone that wants to listen, I joined in and the Betcoin segment started a little after the 35 minute mark. (although Bigthangz was discussed prior to that ;) )It's pretty entertaining though, and I recommend listening to the whole thing, but the show usually averages over 5 hours.

https://pokerfraudalert.com/radio/radio-2018-01-11-21-06-40.mp3

OHYEAH: Shout out to zzzzzz for
Sat, 01/13/2018 - 01:56

Shout out to zzzzzz for telling Todd "to send me any questions he has for me." after sending Druff a link that said "ask a question for $5, get a refund if he doesn't respond"

Can't make this stuff up.

http://g.recordit.co/AewE3ufZf1.gif

Mentat: he said he accepts DM in
Sat, 01/13/2018 - 18:10

he said he accepts DM in dozens of other publicly accessible channels... was wondering if anyone would be willing to share a few good ones here.

also want to point out that I can barely read the shit this guy posts.

OHYEAH: Also, ftr, if plo8 or zzz
Sat, 01/13/2018 - 02:16

Also, ftr, if plo8 or zzz decide to delete this post about the lol $5 question Machen fee, I promise to post it again - with a screen shot of the previously deleted post. (like this one https://gyazo.com/0dfd54d39b69af81ced73c9716f67d14 )

So - if you guys don't have the spine to defend your actions - just ignore me .... don't censor me. Just do what you've been trying for years to get me to do, and just go away.

oOBehindYOUOo: OHYEAH is talking about butt stuff...
Sat, 01/13/2018 - 18:25

lots and lots of butt stuff...

Mentat: when luck shuts the door.....
Sat, 01/13/2018 - 18:36

when luck shuts the door......

head out the window!

Mentat: oOBehindYOUOo
Sat, 01/13/2018 - 21:55

There are many good suggestions made in the Dan Druff show, I hope people listened. Dan Druff seems to be a pretty genuine guy. Plo8 made an excellent post in the other thread, I hope people read it.

Here is an update on the current process in case anyone else is watching this along with me.... it doesn't touch on anything new really but it is new verbage, or something.... lol.... if you will.....

aNywAys...............

"We will not make any decisions without consulting you. We are figuring out how to calculate and distribute this based on the information we have," Betcoin says..."their system was not developed for this type of reporting so the poker team is working with development on getting these done. What we can promise is that it will be done as soon as possible..We have highly experienced poker minds working on this"

Mentat

Threadsaver -

[x] lol

REDSCARFACE: They need to look at our stat
Sun, 01/14/2018 - 01:31

They need to look at our stat's of those who released chips and also played and come up with a spilt. Sounds like the bbj payout will be token and not paid. Let alone there stats were always cracked. I can count many of times they never gave my status points or had to complain about payments in poker. Some of us try to put on a smiley face like it will a tally matter.

Skippybp: Micro payouts - community account for ACR
Sun, 01/14/2018 - 02:16

It is hard to believe any online room would have the foresight to prepare for bbj payouts to players in preparation for the site shutting down. Im just speculating here and I'm skeptical of payouts being honored in a reasonable manner. How can we solve the micro payout dilemma? These tiny payouts couldn't normally cashout - maybe those that get a micro payout (1mbtc or less) send all of it to one account and from there disperse the payments to everyone on acr or pokerhost.

This would allow players who are not aware of the current bbj payouts, claim funds and access it on another poker site.

Mentat: I'm not sure I follow you
Sun, 01/14/2018 - 20:03

I'm not sure I follow you here...

EyeWonBTC: A lot of players will get very small amounts of the BBJ
Sun, 01/14/2018 - 20:32

Those amounts will be far less than the fee to send them would be. He's suggesting that all of those player's balances should be lumped together and then sent in 1 transaction to 1 poker site where many play or could play. I guess he's thinking there will be someone on that site to properly disperse all the money.

REDSCARFACE: wouldn't it only be fare for
Mon, 01/15/2018 - 02:42

wouldn't it only be fare for them to withdraw any balance for free that has to do with the bbj? Seeing fees were free and most of us played here for that reason.

Skippybp: Yea
Mon, 01/15/2018 - 23:55

That's exactly what I'm saying maybe one person can get all the payments and you make your claim on acr through a public forum like twoplustwo or something.

samatakin: I can volenteer to help
Mon, 01/15/2018 - 08:16

Cashing people out is my business. My reputation is 100% positive feedback. If they allow player to player transfers this will work, and everyone could get the majority of what they receive in payout. My main trading name is circuitsam on Localbitcoins for those that don't know me and have not done a cahsout with me in the past. My skype name is also circuitsam.

Skippybp: We would have to get someone like druff
Mon, 01/15/2018 - 23:53

We would have to use someone that has been around and is respected by the community... No offense but we need to find someone we know well that could do it..

Twitchyseal

Dandruff

Maybe someone else but either those would be good

michigan1: lol
Tue, 01/16/2018 - 01:13

LOL if you think any1 would trust those people with there funds your just as nuts as them. If you wanna do that be my guest just dont try to speak for everyone else. Thank you

Nichols3018: BBJ distributed to US players
Sun, 01/14/2018 - 04:31

Any Americans here think we'll get our percentage of the BBJ

Kasino: Managing my expectations but...
Sun, 01/14/2018 - 08:00

I know I spent well over 100 btc here. Thank you for the great times betcoin.

JRepp360: late
Sun, 01/14/2018 - 09:50

Where is our coin you guys are late

juani: Any update on this?
Sun, 01/14/2018 - 16:04

Any update on this guys? BTC digging right now, when can we receive our equal share?

dlewis0424: should be soon i think???
Sun, 01/14/2018 - 16:46

should be soon i think???

walleterp: Given what has happened with the crazy rocket ride...
Sun, 01/14/2018 - 21:15

...Betcoin is kicking ass. For you guys who expect instant results, I have one word for you: Come On!!!

The cryptocurrency craziness is by all counts the wildest mania in recorded history. Makes the Tulip Mania look like a kindergarten exercise. If any casino anywhere experienced anything even close to the violent currency price swings that Betcoin has experienced with the various cryptos, I can assure you, they would close down indefinitely. And, they would likely do just what Betcoin is doing. For players with money on deposit at the casinos, the casino would do their level best to do two things: make players understand that their deposits are still whole and, two, distribute those deposits in a manner as quickly as possible. In the case of BTC, transaction times and prices have been thrown into the loop (as they would in a real-world scenario as well) and are not exactly even close to cost-free. Given all of the above, everyone should just chill. Betcoin never could have predicted what has happened with BTC. The idea that they have not just decided to close down and run off with the accounts should be comfort enough. I would definitely gladly have an adult beverage and hear their stories when this phase of the crypto mania concludes...what an adventure for everyone!!! Peace Out!!!

Mentat: Actually Bitcoin has been
Sun, 01/14/2018 - 21:49

Actually Bitcoin has been rising meteorically basically since it broke the $5 range, so it's rise should have very little to do with market maintenance. Perhaps a rapid negative fluctuation would support your point here but I'm failing to see the point conversely.

Sorry to nit pick here :D

Tat

You must be logged in to comment