New Posts For Thread: £60,000 @1.01 and layers cannot winhttps://community.betfair.com/horse_racing/go/thread/view/94102/30659825/60000-101-and-layers-cannot-winbtw does anyone know the origin of "if you can't win, you can't lose". It is often quoted, but I can't find any basis for it. Bruce Forsythhttps://community.betfair.com/horse_racing/go/thread/view/94102/30659825/60000-101-and-layers-cannot-win?post_id=547962629#547962629btw does anyone know the origin of "if you can't win, you can't lose". It is often quoted, but I can't find any basis for it. Bruce ForsythTue, 01 Mar 2016 08:30:13 -0600I agree with you connor. It is merely the definition of a bet ie anyone offering such bets is subject to the relevant law eg bookies cartoon racing. I vaguely remember though that the Gambling Commission sides with longbridge, so I suppose that ishttps://community.betfair.com/horse_racing/go/thread/view/94102/30659825/60000-101-and-layers-cannot-win?post_id=547962579#547962579I agree with you connor. It is merely the definition of a bet ie anyone offering such bets is subject to the relevant law eg bookies cartoon racing. I vaguely remember though that the Gambling Commission sides with longbridge, so I suppose that isTue, 01 Mar 2016 08:23:15 -0600the concept of can't win can't lose is a bookmaker custom but it's not enshrined in law. I could back every horse in the national so that I only get back £65 for my £100 but the bookie won't void my bets, or back two even money shots in a three horhttps://community.betfair.com/horse_racing/go/thread/view/94102/30659825/60000-101-and-layers-cannot-win?post_id=547962371#547962371the concept of can't win can't lose is a bookmaker custom but it's not enshrined in law. I could back every horse in the national so that I only get back £65 for my £100 but the bookie won't void my bets, or back two even money shots in a three horTue, 01 Mar 2016 07:59:44 -0600in other words there is no return price on a 1/2 dead heat because you lose every time.https://community.betfair.com/horse_racing/go/thread/view/94102/30659825/60000-101-and-layers-cannot-win?post_id=547962363#547962363in other words there is no return price on a 1/2 dead heat because you lose every time.Tue, 01 Mar 2016 07:58:56 -0600let me confuse the issue a little more,A punter rings his bookmaker and says he wants to win 50 quid on a 1/2 shot in the first race.the bookie says he is not giving morning prices on that race.So the punter says ,ok when the race is over I will payhttps://community.betfair.com/horse_racing/go/thread/view/94102/30659825/60000-101-and-layers-cannot-win?post_id=547962235#547962235let me confuse the issue a little more,A punter rings his bookmaker and says he wants to win 50 quid on a 1/2 shot in the first race.the bookie says he is not giving morning prices on that race.So the punter says ,ok when the race is over I will payTue, 01 Mar 2016 07:45:32 -0600Longbridge, I must admit I replied to your posting to see if someone else would join in and clarify the position.Fortunately, or unfortunately depending on how you see it, I'm not a lawyer either....I've often wondered about the legal position of thehttps://community.betfair.com/horse_racing/go/thread/view/94102/30659825/60000-101-and-layers-cannot-win?post_id=547962163#547962163Longbridge, I must admit I replied to your posting to see if someone else would join in and clarify the position.Fortunately, or unfortunately depending on how you see it, I'm not a lawyer either....I've often wondered about the legal position of theTue, 01 Mar 2016 07:34:58 -0600connor, we clearly have different readings of the Act and as I'm not a lawyer I'm not going to pretend mine is better; which isn't to say I'm convinced by yours.Someone will doubtless be along shortly who has professional insight into this area.https://community.betfair.com/horse_racing/go/thread/view/94102/30659825/60000-101-and-layers-cannot-win?post_id=547961849#547961849connor, we clearly have different readings of the Act and as I'm not a lawyer I'm not going to pretend mine is better; which isn't to say I'm convinced by yours.Someone will doubtless be along shortly who has professional insight into this area.Tue, 01 Mar 2016 06:44:23 -0600Longbridge, 2a/b and 3 a/b just state what a transaction relating to betting is, they don't say whether a bet is valid or not.In the context of the act, the important part is the very first section 1b.....fair and open...of course some people feel evhttps://community.betfair.com/horse_racing/go/thread/view/94102/30659825/60000-101-and-layers-cannot-win?post_id=547961769#547961769Longbridge, 2a/b and 3 a/b just state what a transaction relating to betting is, they don't say whether a bet is valid or not.In the context of the act, the important part is the very first section 1b.....fair and open...of course some people feel evTue, 01 Mar 2016 06:28:37 -0600Exactly that - 2 a/b and 3 a/b tell me I can take bets on (eg) a football match that was played this morning and where I know the result - and you don't."the principle of if you cannot win, you cannot lose" is, as far as I can tell, a myth.https://community.betfair.com/horse_racing/go/thread/view/94102/30659825/60000-101-and-layers-cannot-win?post_id=547961687#547961687Exactly that - 2 a/b and 3 a/b tell me I can take bets on (eg) a football match that was played this morning and where I know the result - and you don't."the principle of if you cannot win, you cannot lose" is, as far as I can tell, a myth.Tue, 01 Mar 2016 06:12:02 -0600Longbridge,When you reference the Gambling act 2005, are you referring to section 9 or is a bet defined somewere else in that act? I'd argue that that section just defines what betting is - it doesn't state that this is a valid bet or not and would ghttps://community.betfair.com/horse_racing/go/thread/view/94102/30659825/60000-101-and-layers-cannot-win?post_id=547961629#547961629Longbridge,When you reference the Gambling act 2005, are you referring to section 9 or is a bet defined somewere else in that act? I'd argue that that section just defines what betting is - it doesn't state that this is a valid bet or not and would gTue, 01 Mar 2016 06:00:38 -0600