General Betting
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Betfair have had this bet up since before the games started.China and USA had 40 golds each.The rules say which country will top the medal table.No mention of silver or bronze.IT also says Deadheat rules apply.With only minutes to go before the basketball was due to start and the USA needing to win to make it 40 each,betfair decides to put up in red a new rule which changes everything.I have been with betfair for 20 years and have bet massive amounts in that time.Never before have I seen a new rule in red put up with minutes to go in this way.If Betfair feel the rules were in any way ambiguous then this should have been stated and the market voided.There is no way they can add a rule that late.I see this market has been suspended and not yet settled.I am guessing they realise something is definitely wrong.There was £100,000+ placed on this market in the last hour or so before the basketball started.I expect a lot of this was people laying USA or backing China.I will be interested to see how Betfair settle this market and I will definitely be taking it further if they settle based on the added rule.You will see this is my first contribution on this forum for many years.I just wanted to put it here to see if anyone else saw this market or placed bets on it.Just to be sure,this bet should have been settled as a deadheat 100%.
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Replies: 13
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100% agree. The market is titled "most gold medals". The market rules then stated "Which nation will top the medal table at the 2024 Paris Olympic Games?" Which is really a different market.
There is no timestamp on the amendment to the rules which is very poor governance. It should be obvious to the most dim-witted that to move from a market that in all probability would be a dead heat to one where there was a winner is likely to give some individuals a huge opportunity. |
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The market has now been settled based on the new rule in red.I will be questioning this tomorrow and definitely taking it further.
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Apparently the only country that counts the medal table by total medals is the usa. Everyone else uses gold first
Hope you get that sorted. Sounds crap |
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Interesting article
PARIS — The U.S. and China each won 40 gold medals in the first Summer Games draw in Olympic history, with the Americans pulling into a tie Sunday with victory in the last event, women’s basketball. ..there had been no gold medal ties in Summer Games history.. https://www.nbcnews.com/sports/olympics/united-states-china-gold-medals-rcna166013 . |
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I have had a long conversation with Betfair Towers this morning and am assured the red writing did not appear yesterday but had been there from when the market was first set up.I have accepted this as fact and can honestly say I have never made such an error in over 20 years on this site.This appears to have been an error on my part unless ,of course,any of you were also betting on this market and know differently.This is my first post in many years and very likely my last!!!Happy punting to you all.
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As a matter of interest the red writing stated-This market will be settled on the official medal standings at the conclusion of the final
presentation ceremony(based on most gold medals,then silver,then bronze)and will not be affected by subsequent disqualifications or amendments. It is not a small message so I don't know how I missed it haha. |
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As a matter of interest is it possible to verify when a change is made to the rules,as in this case.I would be very interested to know from anyone if this is possible. I am still not convinced the part regarding the silver and bronze medals was there since the bet was set up as I have been told.Thanks very much.
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I didn't follow this but in politics markets, on at least 3 occasions, they have introduced new rules after the votes had been counted, or failed to settle when their original rules for settlement had been met.
There was also a confusing one on Manchester City trophies recently. I didn't bet on it so don't know the details but I think they had to void it in the end? Problem is they sometimes fail to consider all plausible scenarios when writing the rules, or else it is worded ambiguously. |
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Someone generally reliable on another betting forum says the rules were always there tbh
Nobody connected to bf |
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Was there also not a recent issue with Top Goalscorer/Golden Boot winner at the Euros?
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THanks for the replies.I will just have to accept the situation even though,the more I think about it,the more I cannot believe I would have made such a silly mistake.The issue with the top scorer at the Euros had to do with the organisors deciding assists didn@t count for top scorer.This threw all the bookies who had to clarify their own rules.
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Was there a medal total market? You might have looked at the rules for that in error.
It is a bit off though that they feel the need to clarify an issue in red type, when calling the market "medal table winner" would stop any confusion. I wouldn't be surprised if they had actually added the para to a previous market (perhaps a winter games where there have been ties before) and just re-used the rules. |
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Yeah iirc at the euros it was bloody uefa that changed the rules with a couple of days to go, so you'd have to let the bookies off with that one
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