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Bet not paid out and cancelled

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    #122
    Morgans
    Registered Users Posts: 4,348 ✭✭✭Morgans


    Arbing very different to what was originally posted and you never stood a chance.
    While there could be some circumstances where a Kiwi's first language isnt English or poor enough to worry about when posting on a forum, its rare. Fishy.


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    #123
    dubrov
    Registered Users Posts: 3,547 ✭✭✭dubrov


    It's not really arbing if you bet at different times and in the same shop.

    That's just normal gambling.


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    #124
    Dice75
    Registered Users Posts: 644 ✭✭✭Dice75


    dubrov wrote: »
    It's not really arbing if you bet at different times and in the same shop.

    That's just normal gambling.

    Not really possible to arb at the same time in the same shop :)


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    #125
    IAMAMORON
    Banned (with Prison Access) Posts: 9,078 ✭✭✭IAMAMORON


    Tooooo many stories in one story for me.

    I " arb " bets all the time in the same bookie. I often back ridiculous in running odds if I want to insure/hedge a bet, usually on soccer etc.

    I am not saying that bookies are not chunts, cause they are. They are well capable of pulling something like that. But the liability is only a couple of grand and I cannot help think the op is stretching... if not just being completely full of crap.

    I have had € 250 ew morning bets refused at ew prices plenty of times. They get to know faces and they always ring in hefty bets.

    If I am having 4 figures on an outcome I am making sure it is on before I leave the counter. On this reason alone I think the op is full of it.


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    #126
    bilbot79
    Registered Users Posts: 1,980 ✭✭✭bilbot79


    The best thing to do here is go to the independent.ie and go public on it. Then it could impact their bottom line. Anonymous internet forums aren't going to get you your money


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    #127
    dubrov
    Registered Users Posts: 3,547 ✭✭✭dubrov


    IAMAMORON wrote: »
    Tooooo many stories in one story for me.

    I " arb " bets all the time in the same bookie. I often back ridiculous in running odds if I want to insure/hedge a bet, usually on soccer etc.

    But that isn't really arbing. Odds move and bookies take in loads of other bets going the other way.
    Chances are the bookie is making money on both bets.


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    #128
    Just Saying
    Registered Users Posts: 305 ✭✭Just Saying


    Plenty on here don't seem to understand what arbing is.

    Unless a bookmaker has made an error in their pricing overround it is virtually impossible to arb in the same bookmakers.

    Hedging and anticipating market fluctuations to lock in a profit is not arbing.


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    #129
    yaboya1
    Registered Users Posts: 4,610 ✭✭✭yaboya1


    bilbot79 wrote: »
    The best thing to do here is go to the independent.ie and go public on it. Then it could impact their bottom line. Anonymous internet forums aren't going to get you your money

    It would have to have happened to do that, otherwise he'd be done for slander. Very unlikely it ever happened.


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    #130
    Always Tired
    Closed Accounts Posts: 945 ✭✭✭Always Tired


    While it isn't technically arbing, books consider it that or call it that. Had a bet rejected before online for trying to hedge in running. And that was for 2 figure stakes. They told me it was arbing. 4 figures they will reject it because they don't want anyone shrewd enough to exploit these situations at those stakes.


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    #131
    Always Tired
    Closed Accounts Posts: 945 ✭✭✭Always Tired


    Not sure why people are saying he made it up, nothing to suggest it wasnt true, just that the original post didnt contain all the facts, unfortunately. Would be a strange thing to make up


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    #132
    Always Tired
    Closed Accounts Posts: 945 ✭✭✭Always Tired


    yaboya1 wrote: »
    It would have to have happened to do that, otherwise he'd be done for slander. Very unlikely it ever happened.

    Yeah surprised he hasnt been locked up already for it :rolleyes:


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    #133
    themouthpiece
    Closed Accounts Posts: 108 ✭✭themouthpiece


    Used to work in an online Betting exchange website in customer service. We had a constant system with the biggest losers we would continually send out emails with special offers every three weeks to get them betting again.

    It wasn't nice been on online chat with someone that they just lost their mortgage payment, they had no money for the rest of the month and going starving, no money for the kids, their now suicidal and you could tell exactly by their betting patterns exactly when they were paid by their jobs.

    Jaysus it was horrible. And of course you get the chat of players who were really profitable and there accounts were closed and they were chatting on why was their account closed.

    These players would do soccer betting and tennis have themselves well coverd. Most on a ROI of around 15% for a period of six months or more and a lot much higher. I wouldn't recommend it and the pay utterly crap. 23000 a year.

    A lot of the time the loosing players would say their account was hacked.


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    #134
    BoldReason
    Closed Accounts Posts: 704 ✭✭✭BoldReason


    Nobody was ever banned from a betting exchange for winning. Unless they were laundering money or something.


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    #135
    dubrov
    Registered Users Posts: 3,547 ✭✭✭dubrov


    BoldReason wrote: »
    Nobody was ever banned from a betting exchange for winning. Unless they were laundering money or something.

    I assume the poster was referring to the Sportsbook section of a well known betting exchange.
    But yes, an exchange doesn't care as they are just the middle man for each bet.


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    #136
    zubair
    Registered Users Posts: 2,459 ✭✭✭zubair


    themouthpiece wrote: »
    Used to work in an online Betting exchange website in customer service. We had a constant system with the biggest losers we would continually send out emails with special offers every three weeks to get them betting again.

    It wasn't nice been on online chat with someone that they just lost their mortgage payment, they had no money for the rest of the month and going starving, no money for the kids, their now suicidal and you could tell exactly by their betting patterns exactly when they were paid by their jobs.

    Jaysus it was horrible. And of course you get the chat of players who were really profitable and there accounts were closed and they were chatting on why was their account closed.

    These players would do soccer betting and tennis have themselves well coverd. Most on a ROI of around 15% for a period of six months or more and a lot much higher. I wouldn't recommend it and the pay utterly crap. 23000 a year.

    A lot of the time the loosing players would say their account was hacked.


    Rubbish.

    An exchange makes money whether the punters win or lose. Turnover pays the bills.


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