General Betting
Nov 26, 2012 -- 12:43PM, undern wrote:
Lay bet is a back bet ...
:)
Yep, betfair have been using that in court for years
OPENING ARGUMENTS
SOLICITOR REPRESENTING BOOKMAKERS: Your Lordships, betfair users are bookies since they are laying horses and should pay additional taxes that, of course, will put betfair out of business....blah....blah.....blah.....blah....blah....taxes....blah.....taxes.....blah.
75 minutes later....
SOLICITOR FOR BETFAIR (looks a lot like Rowan Atkinson), sitting alone: (stands, adjust tie, takes sip of water, nods at massive team of solicitors for BOOKMAKERS. He takes a single sheet out of his breast pocket). Your Lordship, laying is simply "backing the field against one horse." Bookmakers have offered this for decades to the public. Betfair offers nothing new though my clients are flattered by all the attention.
Solicitor for Betfair sits and folds up one page of notes and puts it back in the same pocket it came from, turns an smiles at Bookmakers team and winks.
LORDSHIP: Is this true that you offer the same service of "backing the field against one horse."
SOLICITOR REPRESENTING BOOKMAKERS: Er, yes, your Lordship, but....."
LORDSHIP: Arguments and case are dismissed.
Betfair Solicitor walks over to Bookmakers table and simply says "1.01 sunk" and winks.
