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Paddy Power limit on bet return

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  • 17-11-2016 11:10am
    #1
    blindside88
    Registered Users Posts: 1,968 ✭✭✭


    Hi Guys,

    Last night a placed a very speculative 4 fold accumulator €10 returning just over €161k according to the betslip on the paddy power app. When the bet went through it bet showed a potential return of €100k. I've queried this with paddy power and they said they limit the return to €100k. My argument is that is its a €100k max win I should only be charged €6.18 for the bet to reflect the odds OR if they are willing to accept a stake of €10 they should honour the odds.

    Am I alone in thinking this?
    (I'm aware this may never really be an issue as the odds of it landing are massive)

    Thanks,

    Blindside


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    #2
    Copper_pipe
    Registered Users Posts: 11,553 ✭✭✭✭Copper_pipe


    https://support.paddypower.com/app/answers/detail/a_id/45/~/what-is-the-maximum-payout%3F

    See info regarding maximum payouts above.

    Just bet the 6.18 and get the 100k. ;)


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    #3
    Joseph
    Registered Users Posts: 1,521 ✭✭✭Joseph


    I know someone who bets 6.06 on the euromillions and always gets unusual looks ;)


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    #4
    Glenbhoy
    Registered Users Posts: 1,852 ✭✭✭Glenbhoy


    Many online bookies restrict the stake to reflect the max payout, not our famously generous paddy though.
    Yet another example of why many are no longer taken in by them.


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    #5
    whiteshorts
    Site Banned Posts: 880 ✭✭✭whiteshorts


    A lot of bookies state in their rules that "you have to check their limits when placing bets with them".
    So if the limit is 100k payout and your stake would return 200k, you will only get 100k.
    So you are halving your odds by over staking twice max stake!
    Always check the limits especially when doing minor football leagues or matches not live.


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    #6
    howardmarks
    Registered Users Posts: 641 ✭✭✭howardmarks


    2 fiver bets woulda sorted it


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    #7
    blindside88
    Registered Users Posts: 1,968 ✭✭✭blindside88


    Got sorted anyway, emailed paddy power who agreed to void the bet and allow me to replace the bet. One of the prices had drifted so only had to put on €5 which I'll never see again :)

    The reason I was surprised was that previously PP had set a limit on the stake I could place on certain bets so I had (wrongly) assumed if they were taking the bets they were honouring the odds


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    #8
    Glenbhoy
    Registered Users Posts: 1,852 ✭✭✭Glenbhoy


    howardmarks wrote: »
    2 fiver bets woulda sorted it

    Nope, t&c and the lack of clear, enforceable legislation around gambling transactions means that they would pay out to their limit regardless of the amount of bets placed. T&c for what they're worth state that limits are per customer not per bet.


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