New Jersey mob figures arrested for running sportsbetting site

[Dan Druff]

http://articles.philly.com/2012-05-2...ss-mob-members

I wonder which site they were running.

[SixToedPete]

The article mentioned Costa Rica, home of ACR.

Hope my funds are OK.

[Kuntmissioner]

I wonder which site they were running.

Beteagle.com, according to complaint.

[FPS_Russia]

The article says they busted a similar site 2 years ago that generated $2.2 billion in bets in 16 months, defendants still awaiting trial, wow.

I didn't know these famous mafia families were still in operation, The Genovese and Luchese families were running Costa Rican gaming sites wtf.

[Sloppy Joe]

You would think that current mafia operations would be mostly small time shit given the difficulty for them to operate in today's society.

Shit is crazy.

[TheTemplar]

Most of the Mob business now is small time just like Sloppy Joe said. I feel this article is blown way out of proportion because of the figure of 2.2Billion in the past 16 months. See that number doesn't mean that they actually processed 2.2 bill in bets. It just means that 2.2 bill in bets were recorded.

I can think of probably 50 off shore betting sites that the mob owns and operates. These sites aren't actually casinos where you go and make a deposit. These are sites where you you are simply given a credit line, that your bookie dictates. These sites make money because the bookie that referred you to the site, makes you an account, and pays a small fee of $20 a month per player. All this off shore establishment does is track the customers play.

A bookie can log into the affiliate software and track each players total figure.

Back to the number of 2.2 Billion. This huge number, is the total action of probably 1,000 bookies spread across the USA. If not more.

[Steve-O]

Most of the Mob business now is small time just like Sloppy Joe said. I feel this article is blown way out of proportion because of the figure of 2.2Billion in the past 16 months. See that number doesn't mean that they actually processed 2.2 bill in bets. It just means that 2.2 bill in bets were recorded.

I can think of probably 50 off shore betting sites that the mob owns and operates. These sites aren't actually casinos where you go and make a deposit. These are sites where you you are simply given a credit line, that your bookie dictates. These sites make money because the bookie that referred you to the site, makes you an account, and pays a small fee of $20 a month per player. All this off shore establishment does is track the customers play.

A bookie can log into the affiliate software and track each players total figure.

Back to the number of 2.2 Billion. This huge number, is the total action of probably 1,000 bookies spread across the USA. If not more.

I knew a guy who was doling out $5,000 lines of credit on an online sportsbook at will. Nobody ever deposited or withdrew, the accounts were basically play-money and all real transactions took place face to face. He was making it seem like the players didn't need to use the site's cashier (and were getting $5,000 up front, which they weren't) but the site itself was basically just the tracking operation of mobbed-up sportsbooks.

[TheTemplar]

Yup thats all it is Steve-0. A bookie gives a player a 5k balance. At the end of the week, if the player is over 5k the book owes him money. If under, the player owes the book money. Always paying in person.

[NaturalBornHustler]

I didn't know these famous mafia families were still in operation, .

Why in the world would you think that?

http://www.fivefamiliesnyc.com/

They are very much alive and well.

[SetofKs]

I heard about a bunch of people that rolled this site, and from what I've heard nobody got whacked. Not very mob like imo.

[Vwls]

A kinder, gentler mob in 2012.