General Betting
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Some of you may remember this case... I placed a bet of $200 pre season with http://www.sbgglobal.com on Jenson Button at 70-1 fro teh F1 Championship. They have now upped their offer from even money ( :) ) to 12-1. I still believe I should be paid at 70-1.
After waiting 2 months to be paid, I've now commenced legal action. It turns out that SBG Global are owned by SBG Euro, a UK company. This should help...below is a copy of the latter I have sent today to SBG Euro (by post and email).
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I have not yet received the $14K USD that I am owed by SBG Global. I have now commenced legal action to ensure I am paid this money. Attached below are scanned copies of documents that have been sent to the registered address for SBG Euro Ltd (of which SBG Global are a wholly owned subsidiary).
You now have 21 days to pay the money owed to me. I suggest this is done by a payment to my VISA credit card. If you not have these details on file, please email me and I can provide these details. Please let me know when I should expect to receive payment.
If I do not receive payment, I file a winding-up petition against SBG Euro Ltd in the UK courts. This petition is a request for the court to make a "compulsory liquidation order". An accountant will then be appointed as a liquidator and sell off SBG Euro's assets to pay the money owed to me.
If you with to contact me, I must insist this done my email to this address rather than by phone.
After waiting 2 months to be paid, I've now commenced legal action. It turns out that SBG Global are owned by SBG Euro, a UK company. This should help...below is a copy of the latter I have sent today to SBG Euro (by post and email).
**********************
I have not yet received the $14K USD that I am owed by SBG Global. I have now commenced legal action to ensure I am paid this money. Attached below are scanned copies of documents that have been sent to the registered address for SBG Euro Ltd (of which SBG Global are a wholly owned subsidiary).
You now have 21 days to pay the money owed to me. I suggest this is done by a payment to my VISA credit card. If you not have these details on file, please email me and I can provide these details. Please let me know when I should expect to receive payment.
If I do not receive payment, I file a winding-up petition against SBG Euro Ltd in the UK courts. This petition is a request for the court to make a "compulsory liquidation order". An accountant will then be appointed as a liquidator and sell off SBG Euro's assets to pay the money owed to me.
If you with to contact me, I must insist this done my email to this address rather than by phone.
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Replies: 26
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good luck with that one
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I suggest this is done by a payment to my VISA credit card.
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Best of luck, but I hope the grammar and spelling was better in the actual letter (if this isn't an exact copy)
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Exact copy I'm afraid! :)
What do you think of my chances of getting paid? |
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Every chance GL
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Winding up petition?
Costs money to do that GL With your project :) |
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your bet is a contract, terms and conditions of contract allow them to amend prices if required.
How are you contesting the contract is not lawful? |
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what was the reason for non payment
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The legal costs are: £250-500 for a stat demand, £1,000-2,000 for a winding up petition.
Ive done the stat. demand myslef (they were the attachaments), with forms from the web. |
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i think you can only apply for a winding up order once you have won your case.
Have u actually won the case |
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The excuse/explanation for not paying out is that they hadn't adjusted their prices when Button was being backed. They therefore want to pay out at what the 'average market price' was when I placed the bet. I tried to explain that winners are not paid out an average industry price when you have taken a price!
Best of all, they made this offer post season (and still won't put it in writing)... the first contact was after Button had won the first 2 races (when I was offered even money)! |
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Hull, that is why I will be submitting a winding up petition to get a winding up order.(If I'm not paid)
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"your bet is a contract, terms and conditions of contract allow them to amend prices if required"
What, so you are saying that they can wait until Button starts to win some races, and then change their odds that they already agreed to prior to the start? :0 :0 Do you know what ante post means, out of interest? |
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All book makers state that if they make a error they can void a bet, perfectly legal also.
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Contract Law (which now governs gambling transactions) allows prices to be ammended if I a reasonable person would think I didn't believe that the bookie intended to offer the price.
I think a reasonable person would think that I belived taht the bookie did intend to offer the price (as it had previosuly been a valid price), but had simply been inattentive in managning the market. Therefore the bet stands at 70-1. |
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Bit of a tricky one,have you taken legal advice.
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Not at present.... trying to keep costs down.....I'm hoping the stat. demand wiill get them to pay up. Every other bookie I bet with has paid up.
I'm farily happy that I'm on solid legal ground. |
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the fact the other bookies have paid up (presume this was sportsbook at 60's) will probably add to your case.
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why don't they just pay then, they must have reason not to
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As per an earlier post, the excuse/explanation for not paying out is that they hadn't adjusted their prices when Button was being backed.
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Nova Sicko 31 Dec 19:21
All book makers state that if they make a error they can void a bet, perfectly legal also. If they made "an error", why did they not contact all the clients once they had "corrected" their error? Did they post info on their web site for this "error"? Did they post an ad in trade papers stating that an error had been made? Etc, Judges love when they say they did "nothing" :) |
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go to the Press, everyone wins!
you get ur money(and ur pic in the paper) and they get the free advert |
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I've tried the Racing Post who have expressed sympathy, but have not taken up the story (as of yet).
If anyone has any contacts on a newspaper who may with to run this story, can you get them to contact me at chris.trinder@gmail.com. The publicity may shame SBG GLobal into paying up. Thanks. |
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I'll give you a ring, Chris.
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ttt - interested to see how this ends up
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chris, post a blog with the ongoing information, exchange of info.
Make sure you put keywords in the bottom of the home page so that the google spiders pick it up (get a tech to help you position the right wording). Don't use their name in the name (trademark and copyright) But do use it in what you write. Stick to the facts. Not opinion. Several people have done this and the "shame" of the site up will often work. Bad publicity. Their settlement will include you taking the site down. |