New Posts For Thread: why would bookmakers pay early?https://community.betfair.com/general_betting/go/thread/view/94082/27661389/why-would-bookmakers-pay-earlysorry if question a little silly but i just saw on the paper paddy power has paid out around 200k already on leinster beating northampton in the heinekin cup. why would this be? what if leinster lose?just curious.thanksIf they're confident they're going to pay out anyway, the quicker they give punters the money, the quicker the punters can be placing losing bets with that money, hopefully with them?https://community.betfair.com/general_betting/go/thread/view/94082/27661389/why-would-bookmakers-pay-early?post_id=496731701#496731701If they're confident they're going to pay out anyway, the quicker they give punters the money, the quicker the punters can be placing losing bets with that money, hopefully with them?Mon, 23 May 2011 17:04:12 -0500I read in the Sunday Times yesterday that (The Andrew Davidson with Betfred's Fred Done) he paid out early once to gain a tax benefit.So if a bookie has profit of, say £100m this will be subject to tax at year end. If they pay out on some losing behttps://community.betfair.com/general_betting/go/thread/view/94082/27661389/why-would-bookmakers-pay-early?post_id=496730609#496730609I read in the Sunday Times yesterday that (The Andrew Davidson with Betfred's Fred Done) he paid out early once to gain a tax benefit.So if a bookie has profit of, say £100m this will be subject to tax at year end. If they pay out on some losing beMon, 23 May 2011 16:52:51 -0500be surprised if that 200k figure is anywhere close to the markhttps://community.betfair.com/general_betting/go/thread/view/94082/27661389/why-would-bookmakers-pay-early?post_id=496494329#496494329be surprised if that 200k figure is anywhere close to the markSat, 21 May 2011 08:31:16 -0500publicity is good and they've not taken much money on the selection anyway.PP notably go shorter on Irish fancies all the timeRugby is my game and I have had loads of bets on the HC outright throughout the season. Interestingly my outright book showhttps://community.betfair.com/general_betting/go/thread/view/94082/27661389/why-would-bookmakers-pay-early?post_id=496493745#496493745publicity is good and they've not taken much money on the selection anyway.PP notably go shorter on Irish fancies all the timeRugby is my game and I have had loads of bets on the HC outright throughout the season. Interestingly my outright book showSat, 21 May 2011 08:22:43 -0500@ greed. as said sorry if question a little silly. just asking man. thanks guys.https://community.betfair.com/general_betting/go/thread/view/94082/27661389/why-would-bookmakers-pay-early?post_id=496493277#496493277@ greed. as said sorry if question a little silly. just asking man. thanks guys.Sat, 21 May 2011 08:15:45 -0500Powder Puff's usual tactics are to go shorter on something than everyone else so he takes no money then when that something is looking good he "pays out" early on them. Often gets thousands of pounds of publicity for an early payout of 36 pence. HTH.https://community.betfair.com/general_betting/go/thread/view/94082/27661389/why-would-bookmakers-pay-early?post_id=496492361#496492361Powder Puff's usual tactics are to go shorter on something than everyone else so he takes no money then when that something is looking good he "pays out" early on them. Often gets thousands of pounds of publicity for an early payout of 36 pence. HTH.Sat, 21 May 2011 08:04:21 -0500https://community.betfair.com/general_betting/go/thread/view/94082/27661389/why-would-bookmakers-pay-early?post_id=496491937#496491937Sat, 21 May 2011 07:58:30 -0500Publicity.And also that when you are considering an Ante Post Bet, you might remember that Paddy Power could well pay you out on a loser, so you might bet with them even if they are offering slightly worse odds.https://community.betfair.com/general_betting/go/thread/view/94082/27661389/why-would-bookmakers-pay-early?post_id=496491257#496491257Publicity.And also that when you are considering an Ante Post Bet, you might remember that Paddy Power could well pay you out on a loser, so you might bet with them even if they are offering slightly worse odds.Sat, 21 May 2011 07:49:57 -0500sorry if question a little silly but i just saw on the paper paddy power has paid out around 200k already on leinster beating northampton in the heinekin cup. why would this be? what if leinster lose?just curious.thankshttps://community.betfair.com/general_betting/go/thread/view/94082/27661389/why-would-bookmakers-pay-early?post_id=496490133#496490133sorry if question a little silly but i just saw on the paper paddy power has paid out around 200k already on leinster beating northampton in the heinekin cup. why would this be? what if leinster lose?just curious.thanksSat, 21 May 2011 07:33:41 -0500