A Wrong Made Right
A week ago, I opened my email to find that the Ultimate Bet poker site had funded my account with $4,900! (see below). What a nice surprise! I had played the large NLHE stake tables at Ultimate Bet for over a year and had been cashing regularly when overnight it seemed, my luck changed to what at first I considered a bad run. That was in early January of 2004. I tightened up my play considerably as the weeks went on, yet it seemed every time my bankroll marginally increased it would be further knocked down by bad beat after bad beat. My “gut” told me something was wrong, but my head said “bad run - this too, will pass”. I remember, all too well, the back to back bad beats that prompted me to withdraw my account to zero and leave the site. The first bad beat had me catching the nut flush on the flop, and betting it heavy on all streets “til the wheels fell off”, only to have it bested by a straight flush catch on the river. I won’t bore you with the details of the next beat that resulted in the loss of half my bankroll. Suffice it to say there was no way that my opponent should have called my monster bets against my obvious flopped nuts. Back to back bad beats in a high stakes game usually triggers the “fight (a/k/a tilt) or flight” instinct within. My first impulse was to mix a double shot Salty Dog, suck it up and try to beat the moron that had given me the back to back bad beats. I sat out while I splashed my face in cold water, mixed my drink and phoned a friend. As I left an SOS message for my friend, I frantically searched the net for bad beat articles to clear my head. Moments before I decided to put on the gloves and give it another go, I was kicked off the table. No doubt that saved the rest of my bankroll. As my blood pressure returned to normal, I continued to watch the “bad beat” table. In a less than an hour after witnessing the “moron” give another two bad beats and leave the table with $21,000, I cashed out and never played for cash there again….until this week. I cashed out my refund for all but $100 left for playing the micro cash “bad beat” tables. I’ve challenged myself to build a tourney bankroll. I made good money in tourney play at Ultimate Bet in the past, winning a WPT seat at Bellagio once and placing in the money in several guaranteed tourneys. It seems the Canadian Superior court has cleared the Ultimate Bet site itself, and it’s employees of any involvement with the cheating scam. In my mind, the site itself is innocent until proven guilty. There are numerous articles and threads to be googled if you would like to read up on how the scam was perpertrated. In sum, employees of the previous Ultimate Bet software vendor employed superusers and hole card readers. Poker, online or live is a game of risk and reward. That being said, may your risks be few and your rewards many. Good luck poker players, see you at the tables.
Dear Gimmecash,
Our investigation has concluded that your account gimmecash was victimized by the cheater. This account has been refunded for any losses against accounts associated with unfair play.
“Net loss” is the sum of the money that you lost to the accounts in question minus the sum of the money you won from them. On this basis, we have calculated that you are entitled to a refund in the amount of $4,900.00. If you have any questions about the refund process, please write to us at pokersecurity@ultimatebet.com or call (1.888.200.2933).
We want to express to you our sincere gratitude for your patience, loyalty, support, and your understanding that Tokwiro has acted, and continues to do everything it can to correct this situation. We also want to reiterate Tokwiro’s and UltimateBet’s commitment to providing a safe and secure environment for our players and our unwavering resolve to monitor our site security with every resource at our disposal.
Since the cheating was exposed in early 2008, we have worked tirelessly to understand what happened and how it happened; to ensure that it could never happen again; to refund our customers for their illegitimate losses at UltimateBet; and to pursue our claims against the former ownership that sold Tokwiro a business that exposed Tokwiro and our customers to illicit activity. With the November 3 Ontario Court decision in our favor, our claims against Excapsa are settled and our refunds to you and to all UltimateBet players who were affected by unfair play will be completed. This concludes our efforts for justice and compensation for Tokwiro and our customers affected by this cheating scandal.
Thank you for your understanding and support.
The UltimateBet Team
As you may be aware, we have recently been engaged in an on-going investigation of allegations of unfair play at UltimateBet. The investigation determined that the cheating scheme was active and fully underway well before we purchased UltimateBet in October 2006. Furthermore, no one implicated in the cheating had ever been an employee of UltimateBet or of Tokwiro Enterprises ENRG, UltimateBet’s current parent company. Consequently, we have been pursuing claims related to the cheating scandal against the previous owner of UltimateBet, Excapsa Software.
On November 3, 2008, the Ontario Superior Court of Justice approved a settlement of our claims against Excapsa Software. Under the terms of this settlement, Excapsa will pay Blast-Off Ltd., the Tokwiro-controlled company that originally acquired UltimateBet an amount of US$15 million. We intend to apply this settlement to the final round of refunds to customers who were victims of the cheating scheme. This favorable outcome before the courts validates our claims against UltimateBet’s previous ownership with respect to the cheating scandal. We are very pleased with this outcome that benefits both our customers and our company.
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