Arbusers

vinciguerra wrote: ...  but also because soo many bettors let them.

Spot on, vinciguerra. It is our greed that enables these people to exploit us.

risilloch wrote:

vinciguerra wrote: ...  but also because soo many bettors let them.

Spot on, vinciguerra. It is our greed that enables these people to exploit us.

Some people call it greed, others calculated risk.

Arbusers wrote:

risilloch wrote:

vinciguerra wrote: ...  but also because soo many bettors let them.

Spot on, vinciguerra. It is our greed that enables these people to exploit us.

Some people call it greed, others calculated risk.

i agree completely.  but if it's calculated risk, then don't complain too much when you end up on the wrong side of things.

vinciguerra wrote:

Arbusers wrote:

risilloch wrote: Spot on, vinciguerra. It is our greed that enables these people to exploit us.

Some people call it greed, others calculated risk.

i agree completely.  but if it's calculated risk, then don't complain too much when you end up on the wrong side of things.

to a relatively experienced arber like myself I am surprised just how many people got caught out by these thieves
but the fact that so many have must mean that it is a fairly easy error to have made, what one person sees as too
big a calculted risk another thinks it's a risk worth taking? that I suppose is how these scams work as we don't all
think in the same way.

I hope the negative posts many months ago from myself and others has succeeded in maybe saving some arbusers
from losing their cash, I see many new arbusers these days all directed here from the same reason, I do not read any other
related sites but surely there must have been warnings on these sites too? a clear example of doing your homework
and arming yourself with as much knowledge as possible, hours invested in reading through this forum can only make
you a better and wiser arber and for any new arber/member is a shrewd investment.

Let me comment about the newcomers here, victims of GBG.
I m taking a look at the traffic directed to GBG threads and i can say that people come all over Europe. The feeling that i have is that Germany, Finland, Czech republic and Italy are the countries with the most victims. Even NOW, if you take a look at a number of forums and web sites, you will see that their owners are presenting GBG as reliable good bookie etc.
Another thing that I can say, is that many of those newcomers are proved to be high rollers. This means that there is a lot of cash and a lot of volumes outside the arming and trading community.
Someone mentioned that our community could be targeted by GBG, but to tell you the true, I don't think so. MrRed's case is the bigger one (so far) but MrRed became an arbusers AFTER he lost the money. The same applies to a number of other people. Only Portman, Yngwie, Roald and a couple more people (as far as I remember, forgive me if I forget) were victims of GBG coming from the old timers of the arbing community.

Arbusers wrote: This is silly from their side. How about FCA?

Who is FCA ?

Arbusers wrote:
Someone mentioned that our community could be targeted by GBG, but to tell you the true, I don't think so. MrRed's case is the bigger one (so far) but MrRed became an arbusers AFTER he lost the money. The same applies to a number of other people. Only Portman, Yngwie, Roald and a couple more people (as far as I remember, forgive me if I forget) were victims of GBG coming from the old timers of the arbing community.

I think there can be little doubt that Gobetgo did target Arbusers, why else would they have been active on here?
the fact that they were not too successful is testament to the arbusers community

I read this thread back the other day and I was surprised just how many naive people there are.

I'm stupid and even I could see straight away that a novice bookmaker, offering low juice, even lower than pinnacle and sbobet, giving huge bonuses (up to 1000) was never going to be feasible long term.

The crook george on this thread even said how one big winner was "lucky", anyone who knows anything about the gambling industry knows there is no such thing as luck long term.

Forgot to add, that they welcomed arbitrage betting. They had little to no hope of succeeding.

BOOYAKA wrote:
Forgot to add, that they welcomed arbitrage betting. They had little to no hope of succeeding.

not much point in posting that now? everyone now knows this, these words would have meaning
if you posted them beforehand, not after gobetgo's demise

vinciguerra wrote: in real life you don't do business with a company in some third world country on the other side of the world.

It's not only the country that determines reliability, or we would not bet at Pinnacle, Marathon and many other bookies.
In this case there were other alert signs besides it's location.

All I'm saying it was fairly obvious risks were involved. It was crystal clear even to an idiot like me.

I'm not sure who it was I think vinciguerra stated the company would not last really early on and how there are scams like this are always occuring in the bookmaking industry. He was dead right.

Unfortunately there were some on this thread promoting gobetgo, the same ones who promoted another scam called yo bet it.

BOOYAKA wrote:
Forgot to add, that they welcomed arbitrage betting. They had little to no hope of succeeding.

Pinnacle and asians welcome arbitrage betting too, what about them?
Gobetgo could succeed if they were able to act as a sharpbook. I used them to cover my softbook bets and usually I was losing there.

Well, I hope this case ends like Betislands case. Betcase went bankrupt too, then another bookie/group buys them. But who will buy Gobetgo, anyone?

Pinnacle, Sbobet, IBCbet and its clones are well established, successful bookmakers who have been in the industry for years.

These books have low maximum bets on early lines but you there you have gobetgo popping up from nowhere offering players 20k+ bets and giving even better odds if you are a VIP. It just makes no sense.

If you welcome arbitrage and don't know what you are doing you'll be bankrupt within a couple of weeks. To offer sharp lines means you have to be on the ball 24 hours a day to monitor the markets. The likes of pinnacle and the asian books have years of necessary expertise and their odds move relevantly to any bets they take from pro players.

How were they going to compete with the best bookmakers in the world because that's what they were trying to do. How were they going to make a profit with a 99% payout?

Just basic questions you could ask yourself were not easily answered.