ChatterBank1 min ago
Bookies Already Paying Out On A No Vote !
Strange story from Betfair :::
http:// www.bbc .co.uk/ news/bu siness- 2923253 8
This Bookie is so sure that the NO camp will win, they have already paid out on some bets, BEFORE the result of the referendum is known ! Am I the only one that finds that amazing and not a little puzzling ? Do Bookies normally pay out before the horse has romped home. Decidedly odd.
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This Bookie is so sure that the NO camp will win, they have already paid out on some bets, BEFORE the result of the referendum is known ! Am I the only one that finds that amazing and not a little puzzling ? Do Bookies normally pay out before the horse has romped home. Decidedly odd.
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No best answer has yet been selected by mikey4444. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.I agree with jno here.
Another thing that occurred to me is that by paying out before the race is over, couldn't they be accused of influencing the actual vote ? If people see that the Bookies, usually so hard-nosed and not in the least bit emotional over these kind of matters, are saying that the NO camp will win, couldn't that make people either vote NO or not vote at all ?
Still seems odd to me.
Another thing that occurred to me is that by paying out before the race is over, couldn't they be accused of influencing the actual vote ? If people see that the Bookies, usually so hard-nosed and not in the least bit emotional over these kind of matters, are saying that the NO camp will win, couldn't that make people either vote NO or not vote at all ?
Still seems odd to me.
Well the thing is that Betfair is not a bookmaker as such they just put layers and players in touch and it's all reversable. This is however a bold statement from a gambling institution and as we know they are seldom wrong. They will look a bit silly if they are wrong but I think they are right. Common sense will prevail, even in Scotland.
In March this year, BetFred refunded anyone who had put a bet on Man Utd winning the Premier League.
// The gesture will cost the Salford-born Reds-supporting millionaire bookmaker £200,000.
The Betfred founder told the Manchester Evening News: “These loyal fans never had a chance of winning with United. This season the Reds have been useless, hopeless and meaningless.
“Anyone who has a bet on United winning the title need only take their slip to any shop and I will refund every penny. //
Good publicity.
// The gesture will cost the Salford-born Reds-supporting millionaire bookmaker £200,000.
The Betfred founder told the Manchester Evening News: “These loyal fans never had a chance of winning with United. This season the Reds have been useless, hopeless and meaningless.
“Anyone who has a bet on United winning the title need only take their slip to any shop and I will refund every penny. //
Good publicity.
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TTT
Well the thing is that Betfair is not a bookmaker as such they just put layers and players in touch and it's all reversable
Betfair is both a bookmaker and an Exchange , from the article
'The early payout only applies to Betfair's sportsbook operation where the firm sets the odds itself. It doesn't apply to its online exchange where customers bet against each other.'
Well the thing is that Betfair is not a bookmaker as such they just put layers and players in touch and it's all reversable
Betfair is both a bookmaker and an Exchange , from the article
'The early payout only applies to Betfair's sportsbook operation where the firm sets the odds itself. It doesn't apply to its online exchange where customers bet against each other.'
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