Ladbrokes Betting Blunder/Refusing to Pay

[AussieGambler21]

Hey guys the following is a link to the Sydney Morning Herald Website where this article has just been updated about a Ladbrokes betting blunder. I think it is quite interesting so here it is:

http://www.smh.com.au/world/strangeb...0111-m1i6.html

Moderators: I couldn't find the rules for posting articles and links to articles so please feel free to completely edit this post so it complies with the rules. I just wanted to get the link up as it is a very interesting article involving Ladbrokes

[Pocketdiggers77]

I saw this and it is the books fault and they should pay for it. They booked the bet they should honor it and pay out. Of course they won't but any good book should. Of course the account is closed afterwards but IMO the book should still pay simply because they booked the bet and AFTER it won they tried to get out of it.

PD

[AussieGambler21]

I saw this and it is the books fault and they should pay for it. They booked the bet they should honor it and pay out. Of course they won't but any good book should. Of course the account is closed afterwards but IMO the book should still pay simply because they booked the bet and AFTER it won they tried to get out of it.

PD

I couldn't agree more, if he had lost they would have just said thankyou and taken his money, they probably even would have said they would have paid it out if it won but we now know that wouldn't have happened as is evident here.

I play a fair bit on Ladbrokes online poker and live dealer casino and never go near the sports book but i dont think this will hurt them too much because of their reputation and quick payouts. I think this case is an exception not the rule.

[same_old]

Yep it is totally crap, I feel this person has a strong case,

Firslty, lets just say these bets had lost- the client would be none the wiser and would think it was a losing bet. Ladbrokes of course wouldnt check it as it is a losing bet so in the end again the client would have lost out.

The only time it came to there attention was when they saw they needed to pay out millions an then back track and say this shouldnt have been on offer but we have taken the bet and it has stood for months until we noticed, im sorry but that just doesnt wash.

These massive companies pour so much money into there system to make them better to generate the money coming in, how about putting some of that money towards a better full proof system where this shit doesnt happen??

Of course it wotn becasue it is not viable and doesnt generate revenue for the company but we at the end of the day get the raw end of the deal.

If I were this client I would not let this go at all.

[jetset]

Ladbrokes have referred the guy to IBAS where he can seek arbitration, but practically speaking I don't see them paying him GBP 7.1 million - that would be too big a hit for even Ladbrokes.

My feeling is that there will be a settlement here for considerably more than the GBP 30-odd that is actually due on single rather than accumulator bets.

Ladbrokes are actually on public record as apologising and accepting responsibility for the screw-up, which is an excellent position for the punter to be in.

I agree that this guy should persevere, as I think a significant settlement will be achieved if he does.

Unfortunately, I doubt we'll ever know the extent of such a deal - it'll be wrapped in a non-disclosure agreement.

[same_old]

What would you feel is an acceptable amount, at least one million i would think.

[Wildfire7]

If this were an accumulator bet why not deduct the Christmas bet from the accumulator and pay as if the Christmas bet were a non runner.

I can see where Ladbrokes are coming from, its a bit like on other specials they do. These specials ought to be on a seperate betting coupon so the cashier could spot it when they feed the slip it into the system.

Its unfortunate such a large amount was involved, I have a feeling if this was a small bet they may have paid out.

Mike

[KasinoKing]

Here's the story (if inappropriate to post, can a mod delete it please)

British bookmaker Ladbrokes is refusing to pay out more than £7 million ($12 million) to a man who gambled on a white Christmas across Britain, as the bet was accepted by mistake.

Cliff Bryant, 52, had placed two £5 accumulator bets that snow would fall on 24 towns and cities across the north of England on Christmas Day.

"We have apologised to the customer for any confusion and for mistakenly accepting an accumulator bet when our own rules state that only single bets are available on a market of this nature," a Ladbrokes spokesman said.

"We are happy to void the bets and to pay the customer his winnings on the relevant singles."

However, they amount to just £31.78 ($55), rather than the £7.1 million Mr Bryant was expecting.

I can't see him getting a very big settlement out of this - the rules were broken, either on purpose, or accidentally - but rules is rules!

KK

[jetset]

What would you feel is an acceptable amount, at least one million i would think.

I think a million might be a little too ambitious

[Webzcas]

I bet the trader that took the bet is in hot water. Or should I say orbis as they provide the telephone betting and sportsbook software.

This is 'rick' of monumental proportions.