Intertops voided my bet

kiwi · 07-01-2006, 09:35 PM

Hi what is your opinion about the following bet I placed at Intertops on Friday? I placed a bet that in the soccer game Portugal against the Netherlands would be 0 or 1 goal, the odds of Intertops were 3.33. I placed the bet at about 8 in the morning. When I left home 4 hours later I verified it again and also Intertops still had the same odds for that bet (so they really had a lot of time to recognize their mistake in case it was one). Later in the evening when I came back home I saw I had mail from them that the bet had been voided due to an obvious mistake of Intertops. My opinion is that the mistake was not obvious at all (the altogether payout for the bets '0 or 1 goal', '2 or 3 goals' and '4-6 goals' was way below 100%) and Intertops only voided that bet because too many bettors had placed money on these good odds. I think if a bookmaker notices there go too many bettors on a bet he just should adjust the odds in time instead to sleep first and then cancel the bet...

diamond · 07-01-2006, 09:37 PM

My opinion is if they voided the bet BEFORE the match and also sent the email BEFORE the match, they have the right do to so. I am not sure how overpriced it really was though.

adriano · 07-01-2006, 09:39 PM

Just a little bit overpriced imo. Maybe should have been 2.80, 2.90.

bigboydan · 07-01-2006, 09:48 PM

if they canceled your wager before the game started, and did send you a timed stamped email stating they voided it. then i would have to side with the book in this case.

diamond · 07-01-2006, 09:51 PM

Quote:

Originally Posted by adriano

Just a little bit overpriced imo. Maybe should have been 2.80, 2.90.

Thanks adriano, would reckon that range myself. I think actually Intertops were right in the beginning, but then all this lowscoring matches came around in the final stages, and they had to adjust it.

kiwi · 07-01-2006, 10:01 PM

Quote:

Originally Posted by bigboydan

if they canceled your wager before the game started, and did send you a timed stamped email stating they voided it. then i would have to side with the book in this case.

I admit they have the right to do so but if they do it more often I don't have confidence anymore to bet with them in case they offer good odds. If other bookies have (too) good odds they react faster changing them but don't void the bets done already. That's just my opinion of course.

natrass · 07-02-2006, 12:26 AM

Personally, a book should not be able to review their prices after bets have been made.

If there is a gross error then 'generously' adjust it.

Do they allow bettors to cancel their bets before games?

They should be downgraded for this practice.

SquareShooter · 07-02-2006, 02:10 PM

Unless Intertops allow you to cancel your placed wagers at will this practice can't be honored.
In case Intertops decision is legit, book can "officially" cancel any bet that is not perfectly balanced for them. Don't think thats right.

chano · 07-02-2006, 02:33 PM

Reverse the situation: I place a bet on a line of +150 , then 4 hours later that line is +175. Can I cancel my bet. Is this not the same scenerio ? Intertops is another one off my list.

DrSlamm · 07-02-2006, 02:55 PM

how can anyone justify the book cancelling a bet 4 hours after it was made... Bad line or not that is FAR too long to wait to cancel a bet

diamond · 07-03-2006, 04:15 AM

Quote:

Originally Posted by DrSlamm

how can anyone justify the book cancelling a bet 4 hours after it was made... Bad line or not that is FAR too long to wait to cancel a bet

Its difficult to define what is long and what is not? Let say a sportsbook say they only operate from 12.00 to 22.00 on Sundays, and bet is made between closing hours Sunday and opening hours Monday. I think then they should be allowed to cancel bets, as long as its before the game starts. And its more important that they cancel it good time before the game, than discussing how many hours after the bet was made it was cancelled.

And yes, there are still books with not 24 hours support and risk managment, at least in Europe. I know a quite a few sportsbooks that use autopilots on risk management after closing hours. In this case, a autopilot will close the object if a lot action is taken on a certain object.

magnavox · 07-03-2006, 06:24 AM

diamond, stop it already, you're making a fool of yourself with every word you post.

Even infamous Globet does not book wagers when they go to sleep, only accepts them for approval, so you can only blame yourself if you get screwed.

Also, what you're describing is a steam. Those wagers are good, even if the current price is -150 and you got them at -110 minute ago.

diamond · 07-03-2006, 07:27 AM

Quote:

Originally Posted by magnavox

diamond, stop it already, you're making a fool of yourself with every word you post.

Even infamous Globet does not book wagers when they go to sleep, only accepts them for approval, so you can only blame yourself if you get screwed.

Also, what you're describing is a steam. Those wagers are good, even if the current price is -150 and you got them at -110 minute ago.

Who is the fool here? They voided and emailed the customer BEFORE the event, so no reason to complain (terms and conditions was signed). As I said earlier, not sure what the market was on, but Im sure it was a lot lower than this price based on all under 2,5 matches.

I would prefer a system like this rather than Globets. What Globet has done in the past is that bets are sent for approval, but this is really not good when a customer bet on US sports around midnight CET. Because then the support is not there to approve and will have to wait until next morning when result is also ready They actually been known for voiding winners in the morning after the results were ready.

So dont even go there, comparing Intertops to Globet. But yes, I heard Intertops are doing more and more voiding, so I feel soon they rating should deserve a drop.

And when you say "so you can only blame yourself if you get screwed.", I understand you have problems seeing all aspects of the betting business.

SquareShooter · 07-03-2006, 08:18 AM

acw · 07-03-2006, 08:35 AM

Quote:

Originally Posted by chano

Reverse the situation: I place a bet on a line of +150 , then 4 hours later that line is +175. Can I cancel my bet. Is this not the same scenerio ? Intertops is another one off my list.

I am completely flabbergasted that some posters even dare to side with the book on this one! kiwi has simply been robbed on this one and should post that everywhere until he gets paid the full price.

BadAzz · 07-03-2006, 08:41 AM

Althought I love the word flabbergasted I still would side by the book. The bet was voided well before the event started and the price was pretty much off. So I figure it was a bad line. Should there have been a line move the situation would be a bit different, but since I did not follow the situation I cannot judge that.

chano · 07-03-2006, 08:45 AM

They side with the book because they have to for whatever reason. This is clearly a borderline scam operation. Why would anyone use these books?