New Posts For Thread: Insurance v Bookmakers.https://community.betfair.com/horse_racing/go/thread/view/94102/23888202/insurance-v-bookmakersI have always been of the opinion that Bookmaking and Insurance Company,s are very similar,A Bookmakers offers the terms based on the odds against the client collecting when they have a return on there gamble,Bookmakers terms are very simple comparedCan't agree with you wilson. I have a major claim in progress (£25K+) which was dealt with instantly, no questions, no hassles. Naturally my premium has been increased but only by £5 per month. Service has been excellent throughout.https://community.betfair.com/horse_racing/go/thread/view/94102/23888202/insurance-v-bookmakers?post_id=430649330#430649330Can't agree with you wilson. I have a major claim in progress (£25K+) which was dealt with instantly, no questions, no hassles. Naturally my premium has been increased but only by £5 per month. Service has been excellent throughout.Tue, 20 Apr 2010 09:31:13 -0500Insurance companies:Rule No. 1 - Go to any lengths to avoid paying outRule No. 2 - Refer to Rule No. 1https://community.betfair.com/horse_racing/go/thread/view/94102/23888202/insurance-v-bookmakers?post_id=430649326#430649326Insurance companies:Rule No. 1 - Go to any lengths to avoid paying outRule No. 2 - Refer to Rule No. 1Tue, 20 Apr 2010 09:20:02 -0500shrewd dude how we got around that in the 40w we had very tight limits 50/1 a treble. etc. What about the millions of people who were insured got wiped out every member of a family and they became what bookmakers call Sleepers.Now don't tell me theyhttps://community.betfair.com/horse_racing/go/thread/view/94102/23888202/insurance-v-bookmakers?post_id=430649322#430649322shrewd dude how we got around that in the 40w we had very tight limits 50/1 a treble. etc. What about the millions of people who were insured got wiped out every member of a family and they became what bookmakers call Sleepers.Now don't tell me theyTue, 20 Apr 2010 09:10:43 -0500FBS What will happen if you dont believe in God.I will ask the Kid who got hung in the 50s, when he was not guilty.As it is big odds n I will be there before you I will ask.https://community.betfair.com/horse_racing/go/thread/view/94102/23888202/insurance-v-bookmakers?post_id=430649318#430649318FBS What will happen if you dont believe in God.I will ask the Kid who got hung in the 50s, when he was not guilty.As it is big odds n I will be there before you I will ask.Tue, 20 Apr 2010 09:04:45 -0500You can hardly criticise them for having an 'act of god' clause. The whole concept of insurance is based on the idea of a pool of money which covers someone for their loss by paying out of the pool which is built by people paying premiums. Since it bhttps://community.betfair.com/horse_racing/go/thread/view/94102/23888202/insurance-v-bookmakers?post_id=430649314#430649314You can hardly criticise them for having an 'act of god' clause. The whole concept of insurance is based on the idea of a pool of money which covers someone for their loss by paying out of the pool which is built by people paying premiums. Since it bTue, 20 Apr 2010 09:00:05 -0500Nearly on topic, we live in France and operate on a barter system with some services due to the higgh levels of social contributions i.e the same as NI in blighty. For example we looked after a smallholding for 3 weeks and were paid with eggs,wine, whttps://community.betfair.com/horse_racing/go/thread/view/94102/23888202/insurance-v-bookmakers?post_id=430649310#430649310Nearly on topic, we live in France and operate on a barter system with some services due to the higgh levels of social contributions i.e the same as NI in blighty. For example we looked after a smallholding for 3 weeks and were paid with eggs,wine, wTue, 20 Apr 2010 08:52:18 -0500Many years ago, a relative of mine wrote the definitive work on re-insurance which is exactly the same as 'laying-off' as the bookies would have it. He admitted to me that he dressed it up in somewhat technical and flowery language to make it sound mhttps://community.betfair.com/horse_racing/go/thread/view/94102/23888202/insurance-v-bookmakers?post_id=430649306#430649306Many years ago, a relative of mine wrote the definitive work on re-insurance which is exactly the same as 'laying-off' as the bookies would have it. He admitted to me that he dressed it up in somewhat technical and flowery language to make it sound mTue, 20 Apr 2010 07:36:21 -0500It would be good not to have to pay any form of insurance. Most of the insurance you pay is wasted money in that the risk you are providing for does not occur.In the film Witness, the Amish community provided help for each other if it was needed, eghttps://community.betfair.com/horse_racing/go/thread/view/94102/23888202/insurance-v-bookmakers?post_id=430649302#430649302It would be good not to have to pay any form of insurance. Most of the insurance you pay is wasted money in that the risk you are providing for does not occur.In the film Witness, the Amish community provided help for each other if it was needed, egTue, 20 Apr 2010 07:27:24 -0500As a racing punter, I would say the majority of independent bookmakers are more honest than the majority of insurance companieshttps://community.betfair.com/horse_racing/go/thread/view/94102/23888202/insurance-v-bookmakers?post_id=430649298#430649298As a racing punter, I would say the majority of independent bookmakers are more honest than the majority of insurance companiesTue, 20 Apr 2010 07:19:11 -0500Legal def of A O GAn event which is caused solely by the effect of nature or natural causes and without any interference by humans whatsoever.Or, as set out in Tennant v. Earl of Glasgow, (House of Lords, 1864):"Circumstances which no human foresighthttps://community.betfair.com/horse_racing/go/thread/view/94102/23888202/insurance-v-bookmakers?post_id=430649294#430649294Legal def of A O GAn event which is caused solely by the effect of nature or natural causes and without any interference by humans whatsoever.Or, as set out in Tennant v. Earl of Glasgow, (House of Lords, 1864):"Circumstances which no human foresightTue, 20 Apr 2010 06:31:14 -0500