Anyone know the law on Betting Shops (not) paying out?

i despair of bookies these days, theyre a joke, with very few exceptions

ask them for a cheque

Cheque's no good. Have to wait for it to clear etc. Need the cash really.

refuse to leave the shop till youre paid then, if they threaten to call the police, say ok go ahead then

Unfortunately, I think sweetchildofmine is right.  take a coffee, sandwich and a good book.

If a friend can drop in, have him walk in with a pad and pen and start interviewing you then say he's a journalist.

Tell them to use western union.

Small bookie shops don't keep anywhere near 3k. Either take a cheque/have it credited to a debit card if that's possible or wait a day or 2 for them to go to the bank.

its sadblokes though

Yep, but a small shop branch of Ladbrokes won't have that especially on a weekday. Take as much cash as they have and the rest by cheque - job done.

they're broke..it's in the name

I was actually told in a Laddies shop, when staying away, that they didn't want to take my bets as, if some won, they wouldn't be able to pay out for days. Goodwood week, it was, only doing singles..

Must be 3k in the FOBT'S surely!

ffs you really expect them to hold 3k.?not heard of security.should be sorted next day though
get the money put onto your card.

what was the bet to win £3K in a sadcrooks shop?!

£3k

I've experienced this problem with amounts as low as £800!

Had to go to Chinatown (Soho, London) to get the cash.

darkie returns, yes I've heard of security. But Ladbrokes haven't; they only have one member of staff up until 12 noon and then again in the evening.

All bookies used to have two members at all time for security reasons, and if someone had a big win they could go to the bank. But they've cut back (Corals staff even now clean the bogs).

They just don't care: if someone has a big win just make them wait or send them way somewhere else. Remember,you're a big inconvenience if you win.

Btw, got paid out in Hayes on Saturday morning - 25 minute drive and big ag to park.

Quite common to be on your own til an hour before the first in the old settling days. But always at least 2 for closing.
As I said if they havent got the cash, security should bring it next day.

They're trying to fob you off by the sounds of it, I don't buy the whole security thing, they're companies whose sole purpose is to deal in money all day long, take money, give money, take money give money, take money.....considering they take more off punters than what they dish back out, I'm pretty sure they have your 3 grand, last time I collected a similar sum from the crooks was when simpson win the open, I went in first thing when it was quiet and empty and no problem, they handed over what I won. I went in to central london though, different from the one I placed it with, go into theses skanky backstreet shops and you never know whose eyeing your winnings up for themselves. Unsavoury characters are there first thing ready to spunk their dole.

The law is what you agreed to when you placed your bet ie. the terms and conditions posted in the shop. They say:

"Payment of winnings
Winnings will be paid on production of a valid betting slip (receipt) at any Ladbrokes shop. For security reasons
large amounts of cash are not held on the premises and Ladbrokes reserves the right to pay winnings by cheque
either in full or in part. The majority of bets can be paid out immediately, but in rare cases, there may be a delay of
up to three working days whilst the validity of the bet is verified".

They also state the obvious which is that they can kick you out of the shop if you're being a pain.

I thought they had safes with a 30 minute timer on them?I was due 5k from Korals and had to go round a couple of shops before one said they had it.Told me i would have to wait 30 minutes because the safe was on a timer (robbers aint waiting 30 minutes).Ended up ok for me,had a nifty on me and turned it into another monkey while waiting lol.

Betting shops still get robbed all the time, so will always keep cash in shop to a minimum.

You should always ask for a part payment to tide you over & collect the rest some other time.

Use Betfair and you'd get paid out quicker...

Any of the North London Ladbrokes shops holds that amount on the Green Lanes run.

thereisnolaw
bettingwithbookies
isagentlemansagreement
askbarney

I had a ton on a 5/4 winner last night.  Went in this morning had another bet for a ton, then presented my winning slip. They didn't have enough to pay me.

racingguru 04 Dec 12 11:40 Joined: 06 Jan 01 | Topic/replies: 868 | Blogger: racingguru's blog
Any of the North London Ladbrokes shops holds that amount on the Green Lanes run.

Nah, I've had some issues there getting paid straight away. Decent staff though, they gave me a £5 free bet

I did get paid over 10k in cash there last year on a winner - did have to arrange for them to have the cash but they seem fine with arranging it.

Betting shops don't carry that much for security reasons
but should be able to give a cheque, although in this case
I think they may be checking the security. Depends on the
bet as much as anything, if it is a lot for a small stake
they will definitely be checking it.

back in the 90s a mate of mine had a grand on an 80/1 shot
which kopped, ladbrokes newcastle, was sat afternoon, and they
wouldnt even give him his steak back in cash

fair dos they had it all for him monday dinner time

i always understood that the area manager could get cash on a weekday and payment could be made by 5pm if requested in the morning

donny, I was in betting shops for many years and occasionally someone
had a decent win, perhaps a yankee, maybe a footie acca that sort of
thing, problem was at times we never knew when he was going to come
for the cash, and I was not going to leave, say 2K in the till on a
Monday morning when the guy might not come in till Thursday afternoon!
As I knew most of them, it wasn't a problem, as I left a cheque for
him or cash at a time to be agreed. I never had a problem.

i dont expect to pick up cash at that amount straight away

but if i go in on way to work, they've never failed to have it at 5


your arrangement seems fair enough but cheques can be such a hassle with banks these days

come on donny, you are scratching the bottom
of the barrel with that one! Regards the cheque,
they have the choice.

yes of course ken, its a choice thats a decent enough offer

but i'd rather avoid if i can

yes of course ken, its a choice thats a decent enough offer

but i'd rather avoid if i can

c'mon OP, you're talking about Northolt not Las Vegas