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Betting Dispute goes to court RP C Cook
Betting Dispute goes to court RP C Cook
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it wasn't exactly a complaint it was an incorrect decision by betfair over the result. I backed June and betfair declared it was lost. I made a submission to GC over incorrect result as did many others. My money was not massive so i wasn't unduly concerned but i was bothered about the principle. The GC sent me Betfair's interpretation of the rules and asked me if they were wrong. I argued betfair interpretation wasn't wrong, but it could be interprtted that june won, because the exact conditions of a result were not adequately stated. The GC agreed, that both interpretations were reasonable, that betfair were wrong in their sole interpretation, and stated that in future they need to be clearer on how the result is achieved. I was fully reimbursed.
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sorry, to clarify it was IBAS.
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well done, I bottled out for a small loss or profit, can't remember which. I thought the game was over when the tory party said she was staying on as interim party leader. Amazing that after that rebuke, they produced a whole raft of complex market terms in the US election and ignored them for months by not settling them.
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ah IBAS that's more like it.
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the rules for boris resignation are now...This market will be settled based on the first official announcement of the next permanent Conservative Party leader after Boris Johnson, as chosen by a Conservative Party leadership contest. So its not exactly when he resigns its the date of the new leader, still very confusing. As you say learn from it and stay out of it.
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Ibas have an article about
us election on their website. |
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Says they considered 50 cases
dealing with leaving date. |
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It's in pdf
https://www.ibas-uk.comPDF 21 Years of Championing Fair Play - IBAS |
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Wandowicz put it to Longley that, had Redemptive finished unplaced, he could have called the firm to insist he had only intended to stake £1,300 each-way and been refunded. Longley said he had no such intention, adding: "I think it's a very dangerous strategy."
Is this before or after the result? Can someone from Betfair/PP Towers please confirm as my future betting strategy hinges on the answer? |
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he could have called the firm to insist he had only intended to stake £1,300 each-way and been told to fook right off ...
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prepared83 says:
Anyway I was going to reply to the pa ddy court case thread. Not so long ago my dad who only ever bets a tenner a race realised he'd many an error on one bet and accidentently clicked 100. In a bit of a panic he phoned me and I straight away emailed the company(Not paddy) saying he'd made a mistake and that he quite clearly only meant 10 as all his other bets 10. This was way before the race by the way. The horse lost and next day he had an email saying sorry can't change it bet accepted. So my question is does one single person on here think they would've paid him out to a £100 stake if the horse won? |
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I twice placed a bet in error and when I phoned up both bookie`s they told me that they couldn`t be cancelled. I lost.
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seems farly cut and dry to me............Would PP have settled the bet if horse lost as 2,600 or 26.000.
When i googled the case tonite thinking it would have been adjudicated upon today i see that PP have a judgement against them for 816 million for a case taken against Pokerstars a subsidary of Flutter upheld by Kentuckeys Supreme Court. Hope the pumter wins his case but would'nt shed any tears if PP/Flutter got clipped for 816 million with the possibility of other states using the case as a precedent to take similar cases. It couls be merging with Stars group for 10 Billion was a poison pill |
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Paddy Power POWER owner Flutter Entertainment is on the hook for $870m (€709m) after a US court reinstated a massive damages claim against The Stars Group, which Flutter merged with earlier this year.
The Irish gambling group said it’s “wholly surprised” by the decision. The legal action by the Commonwealth of Kentucky was initiated in 2010. It sought recovery of alleged losses incurred by residents of the state who played real-money poker on the PokerStars website between 2006 and 2011. PokerStars was bought by The Stars Group (TSG) in 2014. A state law allows people who lose $5 or more in illegal bets to file a lawsuit within six months to recover the money. But if they fail to do so, any other person can sue to recover the money. The lower court ordered that $290m be paid by PokerStars. The amount was tripled by the judge by way of a penalty. However, in 2018, the Kentucky Court of Appeals reversed the judgement. The court said at the time that permitting the action to move forward “would lead to an absurd, unjust result”. But the Kentucky Supreme Court has just reinstated the $870m award. “The outcome of today’s Kentucky Supreme Court ruling is that the $870m judgement against TSG has been reinstated with compounding interest of 12pc per annum,” Flutter told the stock market yesterday evening. “There are a number of legal processes available to Flutter and having taken legal advice, Flutter is confident that any amount it ultimately becomes liable to pay will be a limited proportion of the reinstated judgement,” it added. ADVERTISEMENT “Flutter is wholly surprised by today’s ruling and strongly disputes the basis of this judgement which, it believes, runs contrary to the modern US legal precedent,” it said. “No liability was previously recognised by either TSG or Flutter in relation to this.” Business Newsletter Read the leading stories from the world of business. Enter your Email Address Sign Up Promoted Links by 16 Long-Legged Female Movie Stars Who Are Taller Than You Think 16 Long-Legged Female Movie Stars Who Are Taller Than… TooCool2BeTrue [Pics] At 53, Paul Gascoigne Lives In A House Like This [Pics] At 53, Paul Gascoigne Lives In A House Like This https://refinancegold.com/ What’s next for bitcoin? Learn if you should invest right now What’s next for bitcoin? Learn if you should invest right now eToro Westport: How to get an income by investing € 250 in Tesla or other giant companies Westport: How to get an income by investing € 250 in Tesla or… Start investing today [Photos] Mark Labbett's Partner Might Look Familiar To You [Photos] Mark Labbett's Partner Might Look Familiar… Life Indigo [Pics] At 66, This Is The Car Rowan Atkinson Drives [Pics] At 66, This Is The Car Rowan Atkinson Drives Dads News [Pics] Lou Ferrigno Is Now 68 Years Old, This Is Him Now [Pics] Lou Ferrigno Is Now 68 Years Old, This Is Him Now Vitaminews Wanted: 150 People in Westport to Test New Digital Rechargeable Hearing Aids Wanted: 150 People in Westport to Test New Digital Rechargeable… Hidden Hearing Celeb Couples with Major Age Differences Celeb Couples with Major Age Differences FamilyMinded Promoted Links by 2020 was bitcoin’s year. What can we expect in 2021? 2020 was bitcoin’s year. What can we expect in 2021? eToro [Photos] Here's Emilia Clarke's Net Worth After GOT [Photos] Here's Emilia Clarke's Net Worth After GOT Life Indigo Order a free sample hearing aid this Friday - only 500 left Order a free sample hearing aid this Friday - only 500 left Hidden Hearing Your IQ Is 142 If You Get 15/20 On This General Knowledge Quiz Your IQ Is 142 If You Get 15/20 On This General Knowledge Quiz TooCool2BeTrue Most Watched 'You need to calm down' – Varadkar accuses Doherty of 'aggressive display' for social media Visa LocalGreen_18.mp4 Eamon Ryan cleans glasses with face mask on Claire Byrne William and Harry put on united front at unveiling of Diana statue |
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Paddy Power POWER owner Flutter Entertainment is on the hook for $870m (€709m) after a US court reinstated a massive damages claim against The Stars Group, which Flutter merged with earlier this year.
The Irish gambling group said it’s “wholly surprised” by the decision. The legal action by the Commonwealth of Kentucky was initiated in 2010. It sought recovery of alleged losses incurred by residents of the state who played real-money poker on the PokerStars website between 2006 and 2011. PokerStars was bought by The Stars Group (TSG) in 2014. A state law allows people who lose $5 or more in illegal bets to file a lawsuit within six months to recover the money. But if they fail to do so, any other person can sue to recover the money. The lower court ordered that $290m be paid by PokerStars. The amount was tripled by the judge by way of a penalty. However, in 2018, the Kentucky Court of Appeals reversed the judgement. The court said at the time that permitting the action to move forward “would lead to an absurd, unjust result”. But the Kentucky Supreme Court has just reinstated the $870m award. “The outcome of today’s Kentucky Supreme Court ruling is that the $870m judgement against TSG has been reinstated with compounding interest of 12pc per annum,” Flutter told the stock market yesterday evening. “There are a number of legal processes available to Flutter and having taken legal advice, Flutter is confident that any amount it ultimately becomes liable to pay will be a limited proportion of the reinstated judgement,” it added. ADVERTISEMENT “Flutter is wholly surprised by today’s ruling and strongly disputes the basis of this judgement which, it believes, runs contrary to the modern US legal precedent,” it said. “No liability was previously recognised by either TSG or Flutter in relation to this.” Business Newsletter Read the leading stories from the world of business. Enter your Email Address Sign Up Promoted Links by 16 Long-Legged Female Movie Stars Who Are Taller Than You Think 16 Long-Legged Female Movie Stars Who Are Taller Than… TooCool2BeTrue [Pics] At 53, Paul Gascoigne Lives In A House Like This [Pics] At 53, Paul Gascoigne Lives In A House Like This https://refinancegold.com/ What’s next for bitcoin? Learn if you should invest right now What’s next for bitcoin? Learn if you should invest right now eToro Westport: How to get an income by investing € 250 in Tesla or other giant companies Westport: How to get an income by investing € 250 in Tesla or… Start investing today [Photos] Mark Labbett's Partner Might Look Familiar To You [Photos] Mark Labbett's Partner Might Look Familiar… Life Indigo [Pics] At 66, This Is The Car Rowan Atkinson Drives [Pics] At 66, This Is The Car Rowan Atkinson Drives Dads News [Pics] Lou Ferrigno Is Now 68 Years Old, This Is Him Now [Pics] Lou Ferrigno Is Now 68 Years Old, This Is Him Now Vitaminews Wanted: 150 People in Westport to Test New Digital Rechargeable Hearing Aids Wanted: 150 People in Westport to Test New Digital Rechargeable… Hidden Hearing Celeb Couples with Major Age Differences Celeb Couples with Major Age Differences FamilyMinded Promoted Links by 2020 was bitcoin’s year. What can we expect in 2021? 2020 was bitcoin’s year. What can we expect in 2021? eToro [Photos] Here's Emilia Clarke's Net Worth After GOT [Photos] Here's Emilia Clarke's Net Worth After GOT Life Indigo Order a free sample hearing aid this Friday - only 500 left Order a free sample hearing aid this Friday - only 500 left Hidden Hearing Your IQ Is 142 If You Get 15/20 On This General Knowledge Quiz Your IQ Is 142 If You Get 15/20 On This General Knowledge Quiz TooCool2BeTrue Most Watched 'You need to calm down' – Varadkar accuses Doherty of 'aggressive display' for social media Visa LocalGreen_18.mp4 Eamon Ryan cleans glasses with face mask on Claire Byrne William and Harry put on united front at unveiling of Diana statue |
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Home town verdicts are not unusual in American courts.
And fwiw (almost nothing) I was allowed to cancel a bet I'd placed in error (not with PP). Ironically, the horse won! |
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this must have happened before with pp so if the can show they have refunded the extra stake to other punters after the bet lost then they may have a case,its quite clear he only wanted £1300 e/w and i thought they may show that they have refunded other punters before but if they dont then i dont see how they can win,you cant have it both ways
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That's the argument for the defence. Y you would surely also have counter arguments based on letters refusing to alter the stake similar to J-c-m's dad's & themightymac's situations
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As for the outcome, she's taking her time isn't she?
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Does she understand betting? Many women don't.
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She's probably getting advice from a male judge just like if there was a dispute where someone was suing a restaurant serving a meal where someone was taken ill & it was a male judge presiding he'd probably ask her for her opinion on the case.
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The best cooks are male though. Silly to ask a woman on that count.
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How do we bet this?
paddy 1/3 punter 11/4 |
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It is all to do with contract law. I am sure she will know where the land lies.
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You can still get different verdicts depending on who the judge is, imo
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The big issue here must be that the trader working on behalf of PP was eager to take the bet because of his interpretation that the punter was chasing his losses and he was to be accommodate because of this.
Absolutely damning of the real attitude towards problem gambling behind the scenes of the Bookmaking fraternity That mp with the purple hair will have a far king field day |
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It is blindingly obvious that he only actually wanted £1300 each way imo.
But having said that - All the judge really needs to know (which she probably doesn't) is that there is not a cat in hells chance that they would have refunded the difference (£23,400.00) back to him after the race if the horse had finished out of the frame! All parties have agreed the £13,000 ew stake prior to the race, £26,000 has been taken prior to the race and neither party has done anything to query/alter the stake prior to the race. It's just a shame that he seems to be a rich mug gambler that doesn't need the money. |
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I'd favour the punter to get his money. No one from Paddy Power was willing to take the stand. This strategy didn't save Derek Chauvin and I don't think it will work here.
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The judge is not very experienced. I wonder will PP appeal to the court of appeal if they lose. They have the money to do it. I doubt the punter will appeal if he loses. The costs of this trial will not be cheap and if he loses he will be responsible for all costs
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it depends om the basis of the ruling - I doubt this one will be as significant as the baldfred online casino error and bald didn't appeal.
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once that bet is read out to you that is the contract, he will get paid imo
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I'd forgotten that the losing plaintiff pays both sides' costs; Longley has an awful lot at stake . Presumably he's received advice that his chances of winning are in the region of say 60% plus.
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Can I have some of that 11/4 please?
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The betting firms spend fortunes advertising pretendy multiples that punters are supposed to have landed,& return money on horses that don’t come out of the stalls or get beat a short head etc,it just doesn’t make sense that theyy can jepeordise their reputation & goodwill for a relatively small amount,especially when by the sound of it this punter would soon have given it back to them anyway.
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I would gladly pay you HGS
 . Stake restricted to 39p (the paddy power world of bookmaking rules apply)  |
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I'd forgotten that the losing plaintiff pays both sides' costs; Longley has an awful lot at stake . Presumably he's received advice that his chances of winning are in the region of say 60% plus.
i would think its higher 90% when they read you the bet back thats when the contract is made and you both agree, unless there is something else we are not getting |
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Is the verdict due soon?
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How long did The Punter have to phone back and possibly cancel the bet, it looked like he was letting it ride after knowing PP's mistake and if it had lost would of accepted it..
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The Judge has probably gone to Sandown today to see how racing and betting work. She will be enlightened after the first photo finish.
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Why has the judge "reserved her judgment on the case until a later (unspecified) date?"
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