Paddy Power misrepresentation of winnings

JVince

Won a small bet last week.

€50 3/1

Paddy Power "congratulated" me on winning €200.

But I did not win €200, I won €150 and also got my stake back.

I don't bet often. This was from a tip and decided to give it a whirl. The "congrats" message just caught my eye and frankly thought it was blatant misrepresentation and false.

Would probably give some people a false feeling of being more "successful" at betting than they are.

.Donegal.

I get what you’re saying but the moment you placed that €50 it was no longer yours, it was then paddypowers money so you did in fact win €200 albeit a profit of €150.

spurshero

Real first world problems here .

JVince

https://www.boards.ie/discussion/comment/121907424#Comment_121907424

It's not their money until the race / event is over.

JVince

https://www.boards.ie/discussion/comment/121907441#Comment_121907441

I never said it was a problem. Just an observation on what seems to be misrepresentation and give some people a false feeling of higher winnings - feeds into the issue of problem gambling and benefits paddy Power

erlichbachman

Is this real life?

This content has been removed.

kippy

https://www.boards.ie/discussion/2058341812/paddy-power-misrepresentation-of-winnings

Ìndeed, it is just another way the bookies try and drag/keep your custom.

Sarn

They have inverted their loss of €200 into a win for you.

JVince

https://www.boards.ie/discussion/comment/121907553#Comment_121907553

No chance of a "tough luck - you just lost a potential €200" email 😁😁😁

If the horse didn’t win, would you get your €50 back?

Allinall

https://www.boards.ie/discussion/comment/121907442#Comment_121907442

Of course it’s their money once you place the bet.

Pauliedragon

https://www.boards.ie/discussion/comment/121907442#Comment_121907442

So if you decide half way through the race to get your money back they have to give it because it's "yours". Good luck with that one.

tommythecat

https://www.boards.ie/discussion/comment/121907442#Comment_121907442

I think you'll find it is.

Fr Tod Umptious

https://www.boards.ie/discussion/comment/121908191#Comment_121908191

Works for their traget demographic.

Lads, in their teens and 20s.

They love that sort of "bantz"

JVince

https://www.boards.ie/discussion/comment/121908177#Comment_121908177

It's a contract, just like many other simple contracts.

If the race was abandoned half way through, a refund would be obligated as the contract was for the result of the full race.

But by asking for money back halfway just because your horse is losing is breaking the contract. But that contract is not fulfilled until the result is declared.

https://www.boards.ie/discussion/comment/121908599#Comment_121908599

Again, if your horse didn’t win, would PP give you back your €50?

If your horse didn’t win, your €50 was gone, by winning you won your €50 back, plus the amount linked to the odds.

Incidentally, no contract exists when playing a bet, debts are unenforceable.

https://www.mccannfitzgerald.com/knowledge/betting-and-gaming/are-gambling-debts-enforceable-in-ireland

Alonzo Mosley

A bet with a bookmaker is not a contract, it's a gentleman's agreement. A contract needs a signature from both sides.

This is evident when a bookmaker sometimes refuses to pay out on an anti-post bet, because there is no signature meaning the punter hasn't a leg to stand on.

d15ude

https://www.boards.ie/discussion/comment/121908907#Comment_121908907

Contracts can be formed orally, implied by a party’s conduct, or created through a combination of these forms.

Allinall

https://www.boards.ie/discussion/comment/121908994#Comment_121908994

That’s true. But none of those apply to placing a bet with a bookie.

The bookie has no legal obligation to pay out on any winning bet.

JVince

https://www.boards.ie/discussion/comment/121909085#Comment_121909085

There is a contract formed. However it is not a legally enforceable contract and the law of reasonableness comes into play.

Just as there is no absolute legal obligation for a retail store to give to change from €50 when the goods are €10, however it is reasonable to expect change.

In both cases a law is not required as a retail business and a bookie business would be out of business overnight if they did not give change / pay out on winning bets.

3DataModem

https://www.boards.ie/discussion/2058341812/paddy-power-misrepresentation-of-winnings

When you pull a slot with 1 euro and win 0.50... the 0.50 is still winnings, despite being a loss.

Pogue eile

My eyes hurt after reading this thread, for the love of god!

jacool

4/7 Thread driving people mad

5/4 People are loving it