New Posts For Thread: Michael Bisping VCbet.com Odds Mistakehttps://community.betfair.com/general_betting/go/thread/view/94082/27078513/michael-bisping-vcbetcom-odds-mistakeHi People,Michael Bisping was 1/4 on to win in his UFC fight in the early hours of Sunday morning in Australia. Every betting company had him at 1/4 and his opponent at 11/4. When I looked on Oddschecker.co.uk Michael Bisping was 11/4 and his opponentrying to take as much as you can on a 11/4 shot where the true odds clearly shold be around 1/4 is a potentially fraudulent activity. like withdrawing all your money from an atm that is paying out twice what you asked for. good job you hadn't greenehttps://community.betfair.com/general_betting/go/thread/view/94082/27078513/michael-bisping-vcbetcom-odds-mistake?post_id=489292977#489292977trying to take as much as you can on a 11/4 shot where the true odds clearly shold be around 1/4 is a potentially fraudulent activity. like withdrawing all your money from an atm that is paying out twice what you asked for. good job you hadn't greeneTue, 15 Mar 2011 16:54:39 -0500to add: for the palp rule to be fair, there also needs to be something in place to make sure the bookies don't benefit from the the losing side of palped bets.eg, in the OP's case, anyone who had a bet on Bisping's opponent at the wrong price would bhttps://community.betfair.com/general_betting/go/thread/view/94082/27078513/michael-bisping-vcbetcom-odds-mistake?post_id=489258669#489258669to add: for the palp rule to be fair, there also needs to be something in place to make sure the bookies don't benefit from the the losing side of palped bets.eg, in the OP's case, anyone who had a bet on Bisping's opponent at the wrong price would bTue, 15 Mar 2011 11:24:55 -0500Courts would normally prefer you go through all available channels first as far as I know. But I am certain there is no absolute requirement to do so. The courts would take little or no notice of anything IBAS says unless the court system has losthttps://community.betfair.com/general_betting/go/thread/view/94082/27078513/michael-bisping-vcbetcom-odds-mistake?post_id=489251825#489251825Courts would normally prefer you go through all available channels first as far as I know. But I am certain there is no absolute requirement to do so. The courts would take little or no notice of anything IBAS says unless the court system has lostTue, 15 Mar 2011 10:23:01 -0500No. In my opinion, there is no legal requirement to refer a case to IBAS for arbitration prior to referring the matter to court. Any ruling made by IBAS is not legally binding on either party and a court may rule differently, particularly if it can bhttps://community.betfair.com/general_betting/go/thread/view/94082/27078513/michael-bisping-vcbetcom-odds-mistake?post_id=489235093#489235093No. In my opinion, there is no legal requirement to refer a case to IBAS for arbitration prior to referring the matter to court. Any ruling made by IBAS is not legally binding on either party and a court may rule differently, particularly if it can bTue, 15 Mar 2011 07:52:49 -0500Pardon my ignorance but wouldnt the case have to go through IBAS first rather than going to the courts. If it did, wouldn't the courts just then make their ruling on what IBAS have said if the indiviual then wanted to take it further.I'm not overly fhttps://community.betfair.com/general_betting/go/thread/view/94082/27078513/michael-bisping-vcbetcom-odds-mistake?post_id=489230637#489230637Pardon my ignorance but wouldnt the case have to go through IBAS first rather than going to the courts. If it did, wouldn't the courts just then make their ruling on what IBAS have said if the indiviual then wanted to take it further.I'm not overly fTue, 15 Mar 2011 07:02:24 -0500Sometimes views diverge of course viva. I am pretty certain they would settle even a 50k case out of court, because I cannot see how the law would find this term to be an operative part of a contract for a bet.It would be nice to get someone on herehttps://community.betfair.com/general_betting/go/thread/view/94082/27078513/michael-bisping-vcbetcom-odds-mistake?post_id=489197713#489197713Sometimes views diverge of course viva. I am pretty certain they would settle even a 50k case out of court, because I cannot see how the law would find this term to be an operative part of a contract for a bet.It would be nice to get someone on hereMon, 14 Mar 2011 20:02:11 -0500It is a shame I don't have more time on my hands, I would take on the case of the o/p, or any similar case with a winning ticket, and bet plenty with any of you that I would get the ticket paid out in full. -------------I would so take that bet - prohttps://community.betfair.com/general_betting/go/thread/view/94082/27078513/michael-bisping-vcbetcom-odds-mistake?post_id=489139873#489139873It is a shame I don't have more time on my hands, I would take on the case of the o/p, or any similar case with a winning ticket, and bet plenty with any of you that I would get the ticket paid out in full. -------------I would so take that bet - proMon, 14 Mar 2011 10:46:19 -0500Ok, we may have indeed overlooked a very fundamental point here. However there are two points to consider. First, if you place a bet in the UK online with a firm licenced and based in Gibraltar, in which jurisdiction would a dispute be heard? Justhttps://community.betfair.com/general_betting/go/thread/view/94082/27078513/michael-bisping-vcbetcom-odds-mistake?post_id=489128489#489128489Ok, we may have indeed overlooked a very fundamental point here. However there are two points to consider. First, if you place a bet in the UK online with a firm licenced and based in Gibraltar, in which jurisdiction would a dispute be heard? JustMon, 14 Mar 2011 08:55:03 -0500and as it happens this company has quite fair rules on palps, to me the real culprits are the companies that have a "heads you lose tails you don't win" approach.https://community.betfair.com/general_betting/go/thread/view/94082/27078513/michael-bisping-vcbetcom-odds-mistake?post_id=489125833#489125833and as it happens this company has quite fair rules on palps, to me the real culprits are the companies that have a "heads you lose tails you don't win" approach.Mon, 14 Mar 2011 08:21:29 -0500Well it says clearly in the T&Cs of that company that it is GIB law. No doubt some EU or possibly some UK laws may still apply whatever the T&Cs say.https://community.betfair.com/general_betting/go/thread/view/94082/27078513/michael-bisping-vcbetcom-odds-mistake?post_id=489125713#489125713Well it says clearly in the T&Cs of that company that it is GIB law. No doubt some EU or possibly some UK laws may still apply whatever the T&Cs say.Mon, 14 Mar 2011 08:19:33 -0500