Betr (new betting app)

[Kreuuuzeurns]

and again:

View attachment 1691997

Taking the $310, will have a little bit back on them at $3.80 with TAB because I want to ride them home, but not looking great now can probably find 4 bucks somewhere.

 

[Reveen]

Arbitrage Analyst I saw your post before it was deleted. Not sure why you did so? Yes, I believe Betr are shook with liability but frustratingly being let off the hook by the Celtics trailing multiple times in series which is BS.

 

[gillon]

First time I have been tempted to take it and I probably will. If they go 3-0 down that offer is not gonna come again

All the better if the Heat win, as I hedged some money on them when they were 15 to win the championship

 

[Jugada]

If you don’t take the $310 now then just give the punt away as it’s obviously not for you

 

[anabac]

I'm on nuggets and considering taking a guaranteed $450ish by backing the other 3 teams

 

[Arbitrage Analyst]

Arbitrage Analyst I saw your post before it was deleted. Not sure why you did so? Yes, I believe Betr are shook with liability but frustratingly being let off the hook by the Celtics trailing multiple times in series which is BS.

I'll repost, but my mind is plagued with uni work so I didn't want to mislead anyone if I was making a mistake hahah.

At $300 cash out plus your initial $10 stake, this beats the fair value of ~$218 if you hedged with Betfair.

Anyone who has received this offer, you should take it whether or not you want to let it ride. If you want to let it ride, stake $243 on Betfair at $4.1 odds to take home an additional $67 and still have the same $1000 payout on the table.

This is a clear sign Betr is ridiculously worried. They know they could offload their liability as they did with Deauville Legend at an EV of -$218. However, we all saw what happened there when mass supply is dumped, the odds plummeted and nobody will back a team at such artificially low odds. Makes me think that a majority of the NBA $101 odds were put on the Celtics if they're paying above fair value. Worrying signs if they do indeed win...

 

[Mazza1234678]

I'll repost, but my mind is plagued with uni work so I didn't want to mislead anyone if I was making a mistake hahah.

At $300 cash out plus your initial $10 stake, this beats the fair value of ~$218 if you hedged with Betfair.

Anyone who has received this offer, you should take it whether or not you want to let it ride. If you want to let it ride, stake $243 on Betfair at $4.1 odds to take home an additional $67 and still have the same $1000 payout on the table.

This is a clear sign Betr is ridiculously worried. They know they could offload their liability as they did with Deauville Legend at an EV of -$218. However, we all saw what happened there, the odds plummeted as nobody will back a team at such artificially low odds. Makes me think that a majority of the NBA $101 odds were put on the Celtics if they're paying above fair value. Worrying signs if they do indeed win...

Agreed reckon the liability is enormous

Tripp may want to send a thank you letter to Jimmy Buckets

 

[Arbitrage Analyst]

Agreed reckon the liability is enormous

Tripp may want to send a thank you letter to Jimmy Buckets

I think most Australian punters just chucked their $10 on the NBA favourite. I know nothing about basketball but I know a bit about maximising value...

At least with the NRL and AFL there will be a bit more diversity in their liability

 

[iluvparis]

I think most Australian punters just chucked their $10 on the NBA favourite. I know nothing about basketball but I know a bit about maximising value...

At least with the NRL and AFL there will be a bit more diversity in their liability

From memory though when the promo dropped there were basically 5 equal faves in the NBA whereas I’d expect the lions share of the local code bets to be on Penrith and geelong

 

[Reveen]

It continues.

I made a dirty hedge on Betfair this morning during Game 3 (sure I did).

 

[TheJanuaryMan]

Yes, still a bad deal regardless of today's result. It's like trading in a car to a dealership for $2500 when your neighbour offered to pay you $5000 for it. What the car ends up being worth a day, month or year later doesn't matter, you got ripped.

Celtics now 0-3 down.

Yeah, still a bad deal.

 

[Jugada]

The results make no difference to whether it was a good or bad deal. If you took the $200 before they played in Philly or the $300 before this match you made the correct decision. Anything else from memory was the wrong decision

 

[kickazz]

Celtics now 0-3 down.

Yeah, still a bad deal.

Aftertiming. Ban plz.


(was still a bad deal, but not my job to educate the masses)

 

[Reveen]

 

[Pres]

I'm a let it rider and got the $200 cash out offer today.

I've mainly let it ride to this point as I have previously had bonus bets on Denver and Miami to net profits of $840 and $620 respectively.

Any thoughts from the gurus on my best move now based on the above?

 

[kickazz]

I'm a let it rider and got the $200 cash out offer today.

I've mainly let it ride to this point as I have previously had bonus bets on Denver and Miami to net profits of $840 and $620 respectively.

Any thoughts from the gurus on my best move now based on the above?

If you want to let your position ride then a simple move would be 200 on Boston with Sportsbet @5.5 and accept betr offer.

If they lose you are down the initial $10 you bet. If they win you'll collect $1100 instead of $1010.

 

[X_box_X]

If you want to let your position ride then a simple move would be 200 on Boston with Sportsbet @5.5 and accept betr offer.

If they lose you are down the initial $10 you bet. If they win you'll collect $1100 instead of $1010.

No intelligent talk on this forum please.

 

[karaoke]

Have seen it mentioned somewhere about Betr having an abandonment clause in the T&C's.

Able to close your account if no betting for a period of time, pending bets all void (apparently).

Can't see it mentioned in their T&C's from a quick skim.

Anyone know or seen this mentioned?

Thought it was in here but can't seem to find it.

 

[dontlimitme]

Have seen it mentioned somewhere about Betr having an abandonment clause in the T&C's.

Able to close your account if no betting for a period of time, pending bets all void (apparently).

Can't see it mentioned in their T&C's from a quick skim.

Anyone know or seen this mentioned?

Thought it was in here but can't seem to find it.

wtf?

 

[The Cryptkeeper]

Shitshow of an operation.

Get you money and get out.

 

[dtm06]

Have seen it mentioned somewhere about Betr having an abandonment clause in the T&C's.

Able to close your account if no betting for a period of time, pending bets all void (apparently).

Can't see it mentioned in their T&C's from a quick skim.

Anyone know or seen this mentioned?

Thought it was in here but can't seem to find it.

Sounds completely illegal to me and it's hard to see a scenario where that is a clause. If you find it somewhere though then please report back because it seems unbelievable. Most just have a fee they subtract from your account if you abandon it for over 2 years or something, and if you've got nothing in there anyway, then you're all good.

 

[karaoke]

Sounds completely illegal to me and it's hard to see a scenario where that is a clause. If you find it somewhere though then please report back because it seems unbelievable. Most just have a fee they subtract from your account if you abandon it for over 2 years or something, and if you've got nothing in there anyway, then you're all good.

I've gone through their T&C's a couple of times now and can't locate anything that relates to this.

Obviously what I thought I had read/seen, was most probably incorrect.

My initial concern was the $10 season bets sitting there after all & sundry have either been limited, stopped or given up with them.

 

[Jugada]

Nah that's not a thing

 

[Reveen]

 

[Kreuuuzeurns]

Can the Celtics do it? Unfortunately most sensible people have taken the cash. I’m sure many didn’t though.