Paddy Power jokers

okidoki987

Bookies close accounts when you are winning or back "arbs/Best price (Betfair v Bookie = Profit).
No bookie will lay "Massive" bets unless their liabilities suit the bet.
Margin used to be around 12-14% so all a bookie wants (or needs) is the turnover to get their 14%.
Some bookies will close an account quicker then others but depends on the bets.
Always try and put a couple of "mug" bets in there, works wonders for your account. :rolleyes:

okidoki987

I'm any bookmaker in Ireland should have to lay an advertised price to ANYONE to a certain amount. That amount to be independently decided using such variables as market share in the country & % of turnover from that sport

Quickest way of sending an independent to the wall.

Colonel Sanders

okidoki987 wrote: »

Quickest way of sending an independent to the wall.

Their turnover would be quite small relative to the multiples, hence their guaranteed liability would also be quite small

Wishful Thinking

UrbanSea wrote: »

While PP are clearly in the wrong here, I'm not with the general consensus on thread with everyone hating them.

Anyone backing horses with them can see they can be more than fair. They refunded ante post bets on Darlan when he missed the Racing Post at the weekend (despite a huge gamble in the last few weeks) as well as bets on Sprinter Sacre, a long odds on favourite.

A well backed 5/4 favourite today at Falkenham took the wrong course coming into the straight when he was about to win easily. PP paying out on him as a winner as well as the winner.

I'm sick of reading about just how magical 365 are, people practically frothing at the mouth and masturbating over them while Powers are seen as the devil. All bookies have faults and good traits. Power's have more good traits in my interested area

Sorry Urban, they only do those type of offers when they can maximise publicity. They only pay out early, refund etc when they know they can get their mugs in the papers loads and gain more in publicity than the actual payout.

Yesterdays horse racing episode was a case in point. They only did so as it was relatively small racing and they'd get a plug on the Racing Post as the good guys compared to WH, Ladbrokes etc

They are fantastic at marketing and have people actually believing they're great odds. Again they'll only do it on big events for marketnig purposes. Day to day they bet to bigger percentages than Bet365, stan james etc

UrbanSea

UrbanSea wrote: »

While PP are clearly in the wrong here, I'm not with the general consensus on thread with everyone hating them.

Anyone backing horses with them can see they can be more than fair. They refunded ante post bets on Darlan when he missed the Racing Post at the weekend (despite a huge gamble in the last few weeks) as well as bets on Sprinter Sacre, a long odds on favourite.

A well backed 5/4 favourite today at Falkenham took the wrong course coming into the straight when he was about to win easily. PP paying out on him as a winner as well as the winner.

I'm sick of reading about just how magical 365 are, people practically frothing at the mouth and masturbating over them while Powers are seen as the devil. All bookies have faults and good traits. Power's have more good traits in my interested area

They are good about refunds and it's not all about publicity. If it was Fakenham would be the wrong place! But the cost of those gestures is dwarfed by the difference in margin between themselves and 365.

I'm a bit of a saturday afternoon punter tbh (don't see the point of betting on what I can't watch) and on TV racing 365 are effectively negative margin these days with GPs and matching competitor prices on all selections. Big difference.

For the record in my experience NO bookie is worse than 365 for ts and cs and closing winning accounts, so I'm not saying it's all good.

okidoki987

okidoki987 wrote: »

Bookies close accounts when you are winning

This isn't really true.

Imagine a mug signs up online and clicks a goliath for 100k. Do you think the bookies would close him down or wait to get it back?

They have ways of identifying bad business. Number 1 is arbs as you mention, second would be consistently backing warm horses early that come in before the off. Third would be a staking pattern that suggests contact with a particular yard.

Just winning on what they can see are random bets is pretty much irrelevant.

FWIW, they have to close accounts. If they didn't they'd all go to the wall tomorrow given how bent the horse racing world is.

Colonel Sanders

Its a shame there's not a horse racing bookmaker out there who doesn't do gimmicks & publicity & just lays bets.

A few people (who'd be far bigger punters than I am) say Pinnicle are excellent on Sports. you wont get a free bet on opening, you won't get money back specials but you'll get on to large amounts & they won't close you if you're not a mug. Their margins are low too (102% on Premiership football). they don't do racing however.

Take the amount Powers give away in gimmicky specials each year. Why don't they take 10% of this sum & use it to lay bets rather than just closing anyone who has even half a clue

okidoki987

102% on Premiership football

:eek: That's insane.
PP, Hills & BetVictor are around 106% on a Friday night for PL matches.
Most are around 108-111%, thankfully not too many 111% any more.

Best on course bookie for laying bets was the guy from the North, Dessie Fox who was killed in 1990.
He would take a bet and was a gentlemen when it came to paying out.

Juwwi

Basketball Power Play flashing on the PP home page tonight

Orlando are 20/23 Oklahoma are 20/33 and San Antonio are 10/11

all to win enhanced to 4/1

but by taking the prices you get 4.73/1


I have backed the Power Play for a few euro at 4/1 in the hope it wins to see what it get settles at .

okidoki987

Looks like they've taken it down.

Juwwi

I placed a few quid on the above mug basketball treble at the supposedly enhanced 4/1
Low and behold it won.
Checked this morning and it was settled at 4/1 not the 4.73/1 that I would of got by just taking the normal odds.

I headed off to work happy tho as in PP's rules they say if the wrong odds are taken
"In accordance with our rules, we are obliged to correct these odds"

Home now and still only settled as 4/1 no change.

I wonder how many people just back their enhanced prices blindly without checking
what the normal odds would be and backed that last night and only got 4/1.

Strangley tho my original NFL bet has been re settled today and I have got the difference back that they took off me.
they have paid out at the 4/5.

okidoki987

Home now and still only settled as 4/1 no change

I see an Email to Customer support coming.

sham69

sham69 wrote: »

it gets better...
I emailed to see what was going on with the bet.
I got told that it was a losing bet as they only pay out on 1st and second.
I go to their site, it still has reference to top 3 ( I thought it was top 4 to be honest but I got third so doesnt matter).
I ring them and girl puts me on hold to check.
She admits that she can see reference to top 3 but will have to get on to the pay department or whatever.
I should get a call in the next 24 hours.
Plenty of time to change the rules again.
I have to say I am very annoyed as I read the terms before I bet, I wouldn't have gone near the bet if I had thought it was only top 2.
I have bet on F1 before and it was always top 3/4

Closed my account with PP last week after this crap.
Signed up to bet365, was able to do the same bet and they paid out on top 3.
I went on to the PP site just for the laugh to see what they were offering.
Low and behold they were offering 1/5 of the odds for the top 4 on an each way bet, just the same as what they did last race (but didnt admit it)
They are a pack of fecking liars...
I will never give them a cent of my money again..

Colonel Sanders

sham69 wrote: »

Closed my account with PP last week after this crap.
Signed up to bet365, was able to do the same bet and they paid out on top 3.
I went on to the PP site just for the laugh to see what they were offering.
Low and behold they were offering 1/5 of the odds for the top 4 on an each way bet, just the same as what they did last race (but didnt admit it)
They are a pack of fecking liars...
I will never give them a cent of my money again..

Is there an arbitration body in Ireland like there is in the UK?

If there is go to them, e-mail the likes of HRI & every news paper if not

IMO there should be some form of betting ombudsman

okidoki987

Choice of IBAS which I think is the one Colonel Saunders is referring to.
You could also contact John Martin (Punters Platform) writes in the Star on a Saturday.
Don't have his detials to hand but his email & mobile are common knowledge.
Do a search and you'll find it.

Wishful Thinking

Wishful Thinking wrote: »

.........

Yesterdays horse racing episode was a case in point. They only did so as it was relatively small racing and they'd get a plug on the Racing Post as the good guys compared to WH, Ladbrokes etc
............

... and the 2nd fav was chinned on the line too so they lost little anyway

sham69

My Mother worked in a bookies for 40 years, she said its a complete waste of time going up against these guys.
She told me that years ago prices were honored in most cases, even when the board marker made a mistake or people messed with the board and changed prices for a laugh.
At the end of the day its my word against PP.
I am just sick that they lied and blatantly had the same bet a week after mine with the odds and terms that I was fighting for.
Shocking company.

okidoki987

Shocking company.

You'll find it an industry wide problem.

Gambling debts are not legally enforceable so a bookie could walk away from paying you your winnings if they so wished!
A lot of people still don't realise this and continue to go into "smaller" bookies trying to win their fortunes.