Betting mistake

Hatch1989

Placed a bet the weekend.
Bet lost.
But I was paid out as a winner.

Withdrew the money and hours later the bet was marked as a loss.

I have deposited money since and it hasn’t been taken from me however I have notice saying : Return a discretionary payment with reference to their mistake.

Has this happened anyone before?
What has been the outcome?

punisher5112

Your account will be debited the amount.

Fils

Drive on their mistake. Was it a big payout?

Hatch1989

Fils wrote: »

Drive on their mistake. Was it a big payout?

Well a big single bet

Account is in credit at the moment as I placed €10 into it after to see....

Hatch1989

punisher5112 wrote: »

Your account will be debited the amount.

A friend said my account my go into negative.

But it hasn’t.

punisher5112

They have your card details, check their terms, the house never loses..... They will definitely get the money back off you. Unless you close everything and run away

punisher5112

Hatch1989 wrote: »

A friend said my account my go into negative.

But it hasn’t.

They ain't going to just take 10, your account will be frozen, I'd recommend putting it back and definitely do not spend it

SteelyDanJalapeno

punisher5112 wrote: »

They have your card details, check their terms, the house never loses..... They will definitely get the money back off you. Unless you close everything and run away

So, not definetly

Hatch1989

I am willing to close the account with the amount at stake.

Although the fact it hasn’t gone into the negative makes me wonder would they take it back off me if I deposited the full amount!

Darc19

Hatch1989 wrote: »

Well a big single bet

Account is in credit at the moment as I placed €10 into it after to see....

What's a big single bet?

To me it's €1,000, to someone else it's €25,000 and to someone else it's €100.

Hatch1989

Darc19 wrote: »

What's a big single bet?

To me it's €1,000, to someone else it's €25,000 and to someone else it's €100.

€1500

Darc19

Hatch1989 wrote: »

I am willing to close the account with the amount at stake.

Although the fact it hasn’t gone into the negative makes me wonder would they take it back off me if I deposited the full amount!

You know it's an error. They can look at legal action.

A bank accidentally put about €20,000 into someone's account a few years ago, she went wild spending it and did not engage.

She got suspended custodial sentence

Here's a few more

http://www.cearta.ie/2017/01/you-cant-keep-the-proceeds-of-a-bank-error-in-your-favour-and-if-you-do-you-probably-wont-be-able-to-get-out-of-jail-free/

Juwwi

They cant take the money back off your card without your permission .

I'd leave the account alone and see what they do , l wouldn't risk depositing into the account.

Hatch1989

Darc19 wrote: »

You know it's an error. They can look at legal action.

A bank accidentally put about €20,000 into someone's account a few years ago, she went wild spending it and did not engage.

She got custodial sentence earlier this year.

I’ll wait for them to engage so.
Where the adjustment is I wouldn’t have seen it if I didn’t look for it.

I have received no email from them either.
I’ll see if they contact.

Fils

The house has enough taken off you. Balancing the books now. Nice win op.

JustJoe7240

Have the funds actually hit your bank account yet?

Hatch1989

JustJoe7240 wrote: »

Have the funds actually hit your bank account yet?

Yes within 4 hours of withdrawing

Hulk Hands

If your accounts not in negative it's grand you're back to normal. It would've went into negative and that's prob when you got the notice but a decision has to be taken on whether to leave in negative or not and yours was obviously put back to normal. Play away

Hatch1989

Hulk Hands wrote: »

If your accounts not in negative it's grand you're back to normal. It would've went into negative and that's prob when you got the notice but a decision has to be taken on whether to leave in negative or not and yours was obviously put back to normal. Play away

Yeah, surprised it didn’t go into the negative. They must think they’ll get it back soon enough anyway haha

Juwwi

I don't think there's anything they can do .

Cancel your card, ignore your account and enjoy the winnings.

Hatch1989

davidod1983 wrote: »

Cancel your card, ignore your account and enjoy the winnings.

Yes cancelling the account might nip it on bud

The chan chan man

If OP sees this through does it impact credit rating for mortgage applications etc?

Dice75

Happened me recently with a horse bet, checked account and money was there so withdrew. Jockey forgot to weigh in so horse was disqualified about 30 mins later. Got an email from them later that day to say my account was in negative balance. I genuinely didnt know about the horse being disqualified when withdrawing but told them they cannot have a gambling account in negative balance so they manually corrected it. Slightly different circumstances than a bookie error I guess but still.

Hulk Hands

davidod1983 wrote: »

Cancel your card, ignore your account and enjoy the winnings.

Why would you cancel your card. The bookie isn't going to deposit from your card without your permission

The seems to be a bit of paranoia here around bookmakers. They don't have a young lad sitting there monitoring the account and then as soon as the OP deposits a few hundred quid the young lad takes it and says "lovely boss we got a bit of it back from him".

They might have shady practices but they're still held to very high regulatory standards. They can't take money from a customer once it's been taken out. If you deposit again it'll still be there an hour later or a month later

Hatch1989

The chan chan man wrote: »

If OP sees this through does it impact credit rating for mortgage applications etc?

How would applying for a mortgage be affected by a mistake ?

Hatch1989

Dice75 wrote: »

Happened me recently with a horse bet, checked account and money was there so withdrew. Jockey forgot to weigh in so horse was disqualified about 30 mins later. Got an email from them later that day to say my account was in negative balance. I genuinely didnt know about the horse being disqualified when withdrawing but told them they cannot have a gambling account in negative balance so they manually corrected it. Slightly different circumstances than a bookie error I guess but still.

Interesting.

I don’t know why the account isn’t gone into negative if it’s a thing bookies do?

Hatch1989

Hulk Hands wrote: »

Why would you cancel your card. The bookie isn't going to deposit from your card without your permission

The seems to be a bit of paranoia here around bookmakers. They don't have a young lad sitting there monitoring the account and then as soon as the OP deposits a few hundred quid the young lad takes it and says "lovely boss we got a bit of it back from him".

They might have shady practices but they're still held to very high regulatory standards. They can't take money from a customer once it's been taken out. If you deposit again it'll still be there an hour later or a month later

True, there is much bigger fish than me I’m sure !

seaninbayarea

Why not just give them their money back since it belongs to them? If you accidentally overpaid your car repair would you expect them to return it?

Hulk Hands

The chan chan man wrote: »

If OP sees this through does it impact credit rating for mortgage applications etc?

Gambling has nothing to do with credit ratings. Over anxious people working in the mortgage depts of banks sometimes look poorly on gambling transactions on the statement when applying. You can gamble 50k a month through other methods (paypal or neteller etc) and it'll never affect you if you keep it off the 6 months of statements the bank request to see when applying for a mortgage

Dice75

Hatch1989 wrote: »

Interesting.

I don’t know why the account isn’t gone into negative if it’s a thing bookies do?

They can do it as per my case but I guess its not a good look should it be made public.

El Gato De Negocios

Hatch1989 wrote: »

How would applying for a mortgage be affected by a mistake ?

If he is flagged as having an open debt - technically he owes the bookie €1500 - it may end up on his credit score. Unlikely but you never know.

Hatch1989

seaninbayarea wrote: »

Why not just give them their money back since it belongs to them? If you accidentally overpaid your car repair would you expect them to return it?

I think I’ll give it to charity instead

Hulk Hands

Hatch1989 wrote: »

Interesting.

I don’t know why the account isn’t gone into negative if it’s a thing bookies do?

It went into negative, you got the notice. Then the following day someone came in and had a glance through the negative accounts and decided to put it back to normal. 95% of accounts that go negative would be put back to normal. At least that was the case in the place I worked a while back

Hatch1989

El Gato De Negocios wrote: »

If he is flagged as having an open debt - technically he owes the bookie €1500 - it may end up on his credit score. Unlikely but you never know.

How would that be flagged?

A bookie would Contact whom?

Hatch1989

Hulk Hands wrote: »

It went into negative, you got the notice. Then the following day someone came in and had a glance through the negative accounts and decided to put it back to normal. 95% of accounts that go negative would be put back to normal. At least that was the case in the place I worked a while back

Thanks for the insight.

I wondered as it is mentioned as an “ return discretionary payment” however no negative balance.

LMHC

Are bookies not all registered on Gibraltar. They won't get near your bank. Drive her on.

dobman88

Hatch1989 wrote: »

I think I’ll give it to charity instead

Don't do anything with it until you know they're not looking for it back. At the moment, its theft on your part after a mistake by them. They may just let it go as a goodwill gesture but you should contact them to find out. Just say you got a message on your account and you dont know why, didn't realise the bet had lost etc.

If they let it go, well played. If they want it back, give it back obvs.

Hulk Hands

Hulk Hands wrote: »

Gambling has nothing to do with credit ratings. Over anxious people working in the mortgage depts of banks sometimes look poorly on gambling transactions on the statement when applying. You can gamble 50k a month through other methods (paypal or neteller etc) and it'll never affect you if you keep it off the 6 months of statements the bank request to see when applying for a mortgage

Yep, CCR in Ireland only looks at loan credits > 500 euro from licensed financial institutions. Our credit rating system is nowhere as sophisticated as UK which includes an array of different credit scores variables like mobile phone bills, electrical bills etc.

Fils

dobman88 wrote: »

Don't do anything with it until you know they're not looking for it back. At the moment, its theft on your part after a mistake by them. They may just let it go as a goodwill gesture but you should contact them to find out. Just say you got a message on your account and you dont know why, didn't realise the bet had lost etc.

If they let it go, well played. If they want it back, give it back obvs.

Innocent people died in times of war.

Hatch1989

The return discretionary payment was sent at 10pm last night

When I checked my account at 11am this morning not negative

Perhaps it went negative and was put back

Hulk Hands

Hatch1989 wrote: »

Thanks for the insight.

I wondered as it is mentioned as an “ return discretionary payment” however no negative balance.

The discretionary payment is likely the 1500 to return your ac from minus 1500 to zero. Seems strange you'd get a notice about it though.

Either way the money's 100% yours now, do whatever you wish with it. Your account is also now normal for further use. If they didn't want you betting with them anymore your stakes would be restricted to zero or pennies

dobman88

Fils wrote: »

Innocent people died in times of war.

Yep. I'm all for hearing of bookies getting bashed and I'd be delighted if this chap was able to keep his winnings but he needs to be sure they're not going to chase him for it. Everyone here saying its grand and drive on is cool and all but they wont be the ones dealing with any consequences if the bookies arent willing to chalk it off.

Just check it out and make sure is all I'm saying before landing yourself with a bill

Hatch1989

Hulk Hands wrote: »

The discretionary payment is likely the 1500 to return your ac from minus 1500 to zero. Seems strange you'd get a notice about it though.

Either way the money's 100% yours now, do whatever you wish with it. Your account is also now normal for further use. If they didn't want you betting with them anymore your stakes would be restricted to zero or pennies

Ah perhaps ! You’re probably right that’s what it means !

Hatch1989

dobman88 wrote: »

Yep. I'm all for hearing of bookies getting bashed and I'd be delighted if this chap was able to keep his winnings but he needs to be sure they're not going to chase him for it. Everyone here saying its grand and drive on is cool and all but they wont be the ones dealing with any consequences if the bookies arent willing to chalk it off.

Just check it out and make sure is all I'm saying before landing yourself with a bill

Right, I wrote on chat,

They have said that it’s a good will gesture.

They made the mistake, put my account into negative and put it back to 0.

Thankfully I withdrew !

Hatch1989

Hulk Hands wrote: »

The discretionary payment is likely the 1500 to return your ac from minus 1500 to zero. Seems strange you'd get a notice about it though.

Either way the money's 100% yours now, do whatever you wish with it. Your account is also now normal for further use. If they didn't want you betting with them anymore your stakes would be restricted to zero or pennies

You were spot on !

dobman88

Hatch1989 wrote: »

Right, I wrote on chat,

They have said that it’s a good will gesture.

They made the mistake, put my account into negative and put it back to 0.

Thankfully I withdrew !

Brilliant stuff. Great hit. And fair play for contacting them.

Andrew00

It wasn't a bet on John Rahm by any chance

Hatch1989

Andrew00 wrote: »

It wasn't a bet on John Rahm by any chance

No a local fixture !

ismat

Afaik neither betting gains or losses are legally enforceable. They will definitely never take any action against you expect possibly closing your account

BorneTobyWilde

I recall a time I backed a horse and it won, and it was still available to back on the site, so I backed it again, even though race was finished, then I backed it again and again.
They never asked for the money back. PP