Irish Sports
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Has it now got to a stage that bookies make up their own rules whether they want to pay out or not as they go along and if a trader makes a mistake
and mis judges something they just claim a palp error.
Last tuesday l placed a bet with LADBROKES.
On their horse racing favourite index market at Leicester over 69 points was 7/4..l had €80 on it.
For those not familiar with favourite index betting if a fav wins its 25 points,second 10 points,third 5 points.
Total make up after the meeting ends is the winner.
Ladbrokes market on this was under 50 7/4---50 to 69 7/4---over 69
Paddy Powers and most others odds were under 65 7/4---65-85 7/4 over 85 7/4
In my opinion Ladbrokes made a mistake when pricing the market on this and does'nt look like a obvious palp error to me.
The final make up was 75 points.
1 hour 30 minutes after the last race Ladbrokes settled this market and settled it as void.
They have claimed they put up the wrong line and they should of had over at over 89.
When did they notice that there was a mistake with that market if there was a mistake whydid they wait untill after the final race was run to decide to void the market.
I have argued and argued with them over this and that on a special market like this how can the proper line be determined.
How can they prove they wanted to up over 89 instead of over 69.
All they have said is they are covered in their rules,it does'nt look to me that they are covered in their rules l will post their rules in the next post.
My points are why did they wait untill after the final race to void the market and what would of happened if my bet had of been a loser ?
There needs to a big shake up in the bookmaking industry in my opinion and if a bookie makes a mistake pricing a market that
they call a palp error on there should be some sort of fine that they should pay.
It might make them be more careful in the future.
and mis judges something they just claim a palp error.
Last tuesday l placed a bet with LADBROKES.
On their horse racing favourite index market at Leicester over 69 points was 7/4..l had €80 on it.
For those not familiar with favourite index betting if a fav wins its 25 points,second 10 points,third 5 points.
Total make up after the meeting ends is the winner.
Ladbrokes market on this was under 50 7/4---50 to 69 7/4---over 69
Paddy Powers and most others odds were under 65 7/4---65-85 7/4 over 85 7/4
In my opinion Ladbrokes made a mistake when pricing the market on this and does'nt look like a obvious palp error to me.
The final make up was 75 points.
1 hour 30 minutes after the last race Ladbrokes settled this market and settled it as void.
They have claimed they put up the wrong line and they should of had over at over 89.
When did they notice that there was a mistake with that market if there was a mistake whydid they wait untill after the final race was run to decide to void the market.
I have argued and argued with them over this and that on a special market like this how can the proper line be determined.
How can they prove they wanted to up over 89 instead of over 69.
All they have said is they are covered in their rules,it does'nt look to me that they are covered in their rules l will post their rules in the next post.
My points are why did they wait untill after the final race to void the market and what would of happened if my bet had of been a loser ?
There needs to a big shake up in the bookmaking industry in my opinion and if a bookie makes a mistake pricing a market that
they call a palp error on there should be some sort of fine that they should pay.
It might make them be more careful in the future.
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Errors
Ladbrokes make every effort to ensure that we do not make errors in accepting bets. However, if as a result of human error or system problems a bet is accepted at a price (which includes the odds, handicap provisions, and other terms and conditions or details of the bet) that is: 1.materially different from those available in the general market at the time the bet was made; or 2.clearly incorrect given the chance of the event occurring at the time the bet was made then Ladbrokes will pay winnings at the correct price. To establish the correct price Ladbrokes will consider prices available in the general market at the time the bet was made, including the prices offered by William Hill and Coral. Examples of circumstances where this would apply are: 1.the price is recorded as 100-1 when the price on offer in the general market is 10-1 2.the margins for handicap betting have been reversed If a bet is accepted in error by Ladbrokes on an event or outcome for which no Ladbrokes prices are available the bet will be void and your stake returned. Any results or scores displayed on the site – for example during betting in play – are for guidance purposes only. The bolded bit is what they are claiming covers them I've never contacted IBAS before and not sure how they work. Do others see my common sense case in my opinion or do ladbrokes have a case in your opinion? How long does IBAS take to sort this sort of thing out. Thanks for reading l hope l explained it well. |
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Big Rob1, these are not my kind of bets but i assume you do these fairly regularly so you would be fairly clued in to the lines different firms were offering. Firstly i can sympathise with your plight and i have been saying it for a while,modern day bookmakers have no scruples when it comes to punters,they will make life as difficult as possible for punters, in particular winners,and on top of all the underhand methods that they do adopt,some have added complete refusal to pay to their portfolio. To be honest i was more sympathetic to your case until i looked at it closely. In effect you could have backed 70 and upwards at 7/4 with lads and under 65 with powers at 7/4,therefore you were really laying exactly 65 at 8/3 . That surely couldnt have been right.
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palpable error used to be where a firm mistakenly offered 50/1 instead of 5/1 etc,now its just code for employing spast1c traders
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Jimeen, I've replied to this on the main horse forum where he posted it also, he was wide as a gate and knew it was an error, now moaning that he got caught.
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Yes gandalf i have just noticed that,thank you.
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jimeen Date Joined: 26 May 04
Add contact | Send message When: 02 Jun 13 00:26 Joined: Date Joined: 26 May 04 | Topic/replies: 719 | Blogger: jimeen's blog Big Rob1, these are not my kind of bets but i assume you do these fairly regularly so you would be fairly clued in to the lines different firms were offering. Firstly i can sympathise with your plight and i have been saying it for a while,modern day bookmakers have no scruples when it comes to punters,they will make life as difficult as possible for punters, in particular winners,and on top of all the underhand methods that they do adopt,some have added complete refusal to pay to their portfolio. To be honest i was more sympathetic to your case until i looked at it closely. In effect you could have backed 70 and upwards at 7/4 with lads and under 65 with powers at 7/4,therefore you were really laying exactly 65 at 8/3 . That surely couldnt have been right. |
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jimeen Date Joined: 26 May 04
Add contact | Send message When: 02 Jun 13 00:26 Joined: Date Joined: 26 May 04 | Topic/replies: 719 | Blogger: jimeen's blog Big Rob1, these are not my kind of bets but i assume you do these fairly regularly so you would be fairly clued in to the lines different firms were offering. Firstly i can sympathise with your plight and i have been saying it for a while,modern day bookmakers have no scruples when it comes to punters,they will make life as difficult as possible for punters, in particular winners,and on top of all the underhand methods that they do adopt,some have added complete refusal to pay to their portfolio. To be honest i was more sympathetic to your case until i looked at it closely. In effect you could have backed 70 and upwards at 7/4 with lads and under 65 with powers at 7/4,therefore you were really laying exactly 65 at 8/3 . That surely couldnt have been right. Hi Jimeen l would'nt say lm cluded up its more a bet l like because you can double 2 meetings and have an interest for the evening racing for 1 bet that works out as a 13/2 winner if it clicks. Its a novelty market in my opinion were you look on oddschecker to see what the favs look like through out the card and then make a call on it.. l like picking the overs market as its easier to be cheering for every fav than not in my opinon. I have to say lm surprised by the reaction mainly because the thread isnt about my bet but more about the way bookies are reacting to mistakes they make. |
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the implication of the timing aspect of the transaction is that if the bet had been beaten , there would have been no return of the stake on basis of "palpable error " .
Had they contacted you before the first race , can understand where they were coming from . And nobody can convince me that everyone in the firm was unaware they had made a rick and they were voiding the bet . They have unlimited computing power when it comes to control of their markets / liabilities . Someone knew , but hoped results went their way and that no one would notice . Pay up , have not a leg to stand on in my book . Write it down to experience Ladcrooks . |
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It's now a recurring theme with Ladbrokes void the winning bets and retain the losing ones.
There is another thread here about them taking a bet at some obscure meeting and then voiding it when the horse won. It doesn't matter whether Big Rob is a genius or not the fact is he struck a bet at odds he considered favourable and the bet was only voided it when it won,its barefaced robbery. |
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a guy in portlaoise backed a horse number 2,it won.the manager said it looked like 21.when he pointed out there were only 14 runners they still wouldnt pay.i think john martin of punters platform is taking up the case.they seem to be living up to the name ladcrooks
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The bookies have it all in their favour, back a few winners and they knock back your stake back a few more and they close your account, if your a serial loser then they offer you free bets just to keep you hanging on.
If PC World price up a laptop at €399 instead of the real price of €999, then any half savvy tech would snap it up knowing the specs are simply too good to be ignored, palpable error doesnt get a look in, it was PC Worlds tough ****, but the bookmaker answers to nobody?. |
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Insideinfos post is a perfect resume of the situation.
Palpable error was always as Insideinfo stated about huge price differences it was never about going 7/4 a 5/4 shot. It is only a matter of time before a bookmaker goes above the odds something,take in a fortune then sit back if it gets beat happy days,if it wins void the bets and blame some low paid employee. |
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bob
Write to the Superintendant Mann, Lucan Police Station, Main Street, Lucan Stating You want to object to there licence, the reasons why and he will get back to you I would send it by register post. |
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i read about a case that went to court involving a rugby bet in which a bookmaker claimed palpapable error.the judge rightly ruled in favour of the punter,could set a precedent in these type of cases.
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Insideinfo. I am actually hoping they do not pay me and I can go to court.
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Have you a link for that case, inside info ?
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sorry reb i dont,i read it on one of the bf forums a while back.
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Thanks insideinfo. I presume that case was in the UK as betting transactions are not enforceable at law in Ireland.
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It would be fascinating to see if anyone had a losing bet on the same market which was not voided but settled as a loser?
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these markets are open to abuse by the layer
you basically can't win so personally I steer clear |