Betting (Bookies not paid out)

Gilbert89

Gilbert89

Gilbert89

Soldato
Joined
24 Jun 2011
Posts
5,621
Location
Sheffield
Today like many people I decided to try and make some money on the derby! Tottenham v Arsenal I then backed Gareth Bale to score and Tottenham to win (£10 = £80) Jobs a good en.

Although I noticed at 2-1 using the (IN-PLAY) feature to place a bet on Last Team to Score with the options Arsenal Odds .. Tottenham Odds .. then I backed the No Goal Odds .. which since betting in-play I presumed from the time I placed the bet my bet would win if there was to be no goal but I got ridiculous odds 1000/1 which yes is to good to be true but I told my mate to back it but his odds were 1.24 so I obviously stuck £10 on it returning £10K! Not being greedy and all.

Turns out my bet's status is "Loss" so I got straight on to the phone and spoke to two different operators and they then confirmed it has lost since Arsenal were the last team to score... Although when I used the in play feature and choose for there not to be a goal in the last 30 minutes I assumed this would be from when I choose to place the bet but it turns out it takes the whole 90 minutes into consideration.

But my issue is why can the bookies (Betfair) accept and confirm a bet which (In there eyes) had already lost but they had confirmed and taken my money with no intention of paying out my return and god knows how many others have fallen for this!

I at least would like my stake back or even the returns would be lovely but some how I can't see that happening would I have a leg to stand on trying to get my stake back? Would appreciate any helpful feedback.

 
peterintheghetto said:
You've backed no goals over 90 mins at 2-1. Unfortunately sites dont update as events happen.

Take this as a learning experience :p
Click to expand...


Id like to think that this is mis-leading though! And at least get my stake back but yes I have well and truly learnt the hard-ish way.



Chris-.- said:
Don't gamble, problem solved.
Click to expand...

Hope that made you feel better CHRIS :rolleyes:
 
Betfair is NOT a bookies. Another of their customers took your £10. Only your ignorance is at fault here. It was 1000 for a reason - if it looks too good to be true, it usually is.

You should not be gambling when you don't know what you're doing.
 
So you placed £10 on there not being a goal scored in the last 30 minutes, and there weren't any goals scored in the last 30 minutes? :confused: That looks like a win to me, although I'm drunk and probably haven't read it correctly.
 
Gilbert89 said:

But my issue is why can the bookies (Betfair) accept and confirm a bet which (In there eyes) had already lost but they had confirmed and taken my money with no intention of paying out my return and god knows how many others have fallen for this!

I at least would like my stake back or even the returns would be lovely but some how I can't see that happening would I have a leg to stand on trying to get my stake back? Would appreciate any helpful feedback.
Click to expand...

From the rules section of that particular bet...

"Last Team to Score - Rules

Win Only Market

Market Information

For further information please see Rules & Regs.

Which team will score the last goal in this match? All bets apply to 90 minutes of play according to the match officials, plus any stoppage time. Extra-time/penalty shoot-outs are not included."

If you're not sure then always check the rules. Certainly in this case where the odds where clearly not accurate. And as mentioned Betfair is an exchange so you are betting with other punters not Betfair themselves. They just take a cut of any winnings.
 
Betfair, enough said. It's not really Betfairs fault as they aren't technically a book maker. If you want to have a flutter stick to a bookie rather than them.
 
Gilbert89 said:
But my issue is why can the bookies (Betfair) accept and confirm a bet which (In there eyes) had already lost but they had confirmed and taken my money with no intention of paying out my return and god knows how many others have fallen for this!

I at least would like my stake back or even the returns would be lovely but some how I can't see that happening would I have a leg to stand on trying to get my stake back? Would appreciate any helpful feedback.
Click to expand...


You could try complaining I guess but not sure how far it would get you... you never know I guess.

Keep in mind though that its not a bookie its an exchange... there was another counter-party to that bet... Betfair didn't take £10 from you rather they took a small amount <=5% from the person on the other side of your bet.

You can still place bets on horses after their riders have fallen... people will still lay these things at ridiculous odds. The odds should have been a giveaway that something wasn't quite right... 'if it looks too good to be true' etc...
 
It's the same as the correct score market, they don't close individual selections during in-play, so people trade out existing bets by offering 1000/1 (or technically 999/1).

Of course you could have been quids in if the match was abandoned and replayed within a 24 hour period, but never mind - a lesson learnt about the betfair exchange. And I've done similarly in the past, though only £2 luckily.
 
Because betfair is an exchange and its other people taking your bets, of course they are going to give you great odds on that lol. Whoever got that matched will be laughing
 
I noticed Betfair's in-play bets do sometimes get updated. For example if you bet that there will be less than 4 goals and there has already been 4 goals this bet will not be possible. The site removes the option to place a bet.
 
Stay away from Betfair mate, there not your usual bookie... if your going to bet inplay use one of the big online ones... bet365 ( up to 200 quids worth of free bets on opening) or betfred(50 quid) you might get a lower price on some bets, but the inplay is a lot better and the support is great..
 
Bookies in general as as bad as insurance companies. They will use any excuse under the sun not to pay out.
There was the case of the parent of an Olympic athlete who bet years ago that their son would win an Olympic gold. The bookies wouldn't pay out as he won it as part of a team. Don't see the difference really.
 
You must log in or register to reply here.
Back
Top Bottom