Crazy Snowman
Draftee
Can anyone explain what happens in the case of an obvious error in the market, i have just found one and i'm not sure whether it's something one should take advantage of or not. Is it up to the bookmaker to get it right?
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Obvious mistakes in betting markets.
- Thread starter Crazy Snowman
- Start date
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Nothing
Brownlow Medallist
- Jul 30, 2009
- 10,500
- 17,558
- AFL Club
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Depends on the bookie. The result can be any or many of:
* honouring without any repercussions.
* Mark against your name.
* Changing the odds (only 1 dodgy bookie that I know of)
* terminating your account
* Cancelling the bet
* reclaiming the winnings
I'd usually suggest leaving it, but if you do play them don't go too large.
* honouring without any repercussions.
* Mark against your name.
* Changing the odds (only 1 dodgy bookie that I know of)
* terminating your account
* Cancelling the bet
* reclaiming the winnings
I'd usually suggest leaving it, but if you do play them don't go too large.
The Royal Sampler
Floreat Pica, Bitch!
If it's an obvious error in the market, you're best to avoid it. Common sense says it's up to the bookmaker to get it right, but we all know they won't see it that way. Worst case scenario is that they cancel the bet if you win, and let it ride if it loses, so you're in a no-win situation.
Crazy Snowman
Draftee
- Thread starter
- #5
Any harm in mentioning it on here? it's that bad that i don't imagine they would pay it out. It's on centrebet, not sure what there rules are though
Nothing
Brownlow Medallist
- Jul 30, 2009
- 10,500
- 17,558
- AFL Club
- Fremantle
If you've played it, keep it quiet, if not let us know
Crazy Snowman
Draftee
- Thread starter
- #7
Haven't played it. Just read Centrebet's terms and conditions, they say if it's an obvious mistake (i.e. one the punter should know is an error) the bet will be cancelled.
Might as well let you know then.
Jim Furyk is paying $34 to win this week but is paying $87 for a top 5 finish.
Might as well let you know then.
Jim Furyk is paying $34 to win this week but is paying $87 for a top 5 finish.
Nothing
Brownlow Medallist
- Jul 30, 2009
- 10,500
- 17,558
- AFL Club
- Fremantle
You could throw a $ or $$ on it but likely to get cancelled if you win (as TRS said).
You might do better trying to get a free bet out of them for pointing out an incorrect odds.
You might do better trying to get a free bet out of them for pointing out an incorrect odds.
Crazy Snowman
Draftee
- Thread starter
- #9
Would be nice if they had to honour the bet but after reading the T & C's there is no chance of it getting paid out. might make that phone call
Crazy Snowman
Draftee
- Thread starter
- #10
No free bets. Was told that if i had put a bet on they could've done something for me because they would've changed the odds after the bet was placed. Looks like i'm just Centrebet's new best mate, lol
Here's a tip (and I'm not going to let you know which company has which 'back-of-house' software where this works a treat):
If you find one of these "anomalies", do not bet big, do not change your betting pattern, do not hit it repeatedly, do not bet it straight out: but couple it in a multi with something short and, in the best case scenario, something mid/long term.
For instance, Furyk into Team X to make the AFL Top 8 at $1.20-$1.30 etc., 8-10-12 weeks out from the settlement date of the long-range bet. You'll fly under the radar no problems.
If you find one of these "anomalies", do not bet big, do not change your betting pattern, do not hit it repeatedly, do not bet it straight out: but couple it in a multi with something short and, in the best case scenario, something mid/long term.
For instance, Furyk into Team X to make the AFL Top 8 at $1.20-$1.30 etc., 8-10-12 weeks out from the settlement date of the long-range bet. You'll fly under the radar no problems.
That is brilliant!
Rooster Cogburn
Premiership Player
- Dec 16, 2010
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Can't tell if sarcastic.
True North
Norm Smith Medallist
Centrebet had Collingwood $1.13 Half time/Full Time last week.
They had Collingwood $1.05 in the Wire to Wire Coll/Coll/Coll/Coll
Betfair had it at $1.07
They let all bets stand.
It all depends on whether it's an obvious error or just a mispricing mistake.
Centrebet cancelled a B/Ball bet of mine when they got the team prices the wrong way round.
They had Collingwood $1.05 in the Wire to Wire Coll/Coll/Coll/Coll
Betfair had it at $1.07
They let all bets stand.
It all depends on whether it's an obvious error or just a mispricing mistake.
Centrebet cancelled a B/Ball bet of mine when they got the team prices the wrong way round.
Centrebet have Collingwood 37+ in the Half time margin market priced at $1.85 but in the Half time Line market the are paying $1.91 at -35.5
Not a massive mistake, but obviously you are going to take the line bet. Getting 1 extra point and 6 extra cents to the dollar. Not that the $1.91 is overs though, i think you can get $1.97 at Spotsbet
Not a massive mistake, but obviously you are going to take the line bet. Getting 1 extra point and 6 extra cents to the dollar. Not that the $1.91 is overs though, i think you can get $1.97 at Spotsbet
The Royal Sampler
Floreat Pica, Bitch!
I don't mind so much if Centrebet make a mistake and cancel my bet, to be honest, because generally they're a very reliable book and they don't make errors frequently. When you're putting up so many markets on so many sports as most books do, you're bound to have the very occasional screw-up.
On the other hand every second market on Sportingbet is a friggin' error, they leave markets open when they should be closed, they're slower than everyone else (except perhaps TAB Sportsbet) to update their odds, and then they cap punters who look at their odds and think they're value as opposed to being a mistake.
On the other hand every second market on Sportingbet is a friggin' error, they leave markets open when they should be closed, they're slower than everyone else (except perhaps TAB Sportsbet) to update their odds, and then they cap punters who look at their odds and think they're value as opposed to being a mistake.
Ill Chicken
Premiership Player
Spot on with that. Seen so many blokes that out themselves by getting greedy and coming back for more and launching their whole account at it.
I agree with the T&C as people make mistakes on both sides and most bookies are decent enough to refund the bet if it is genuine. A bloke put a first four on, a pickle bet and he won 18k. He then stuffed up by putting another first four on but forgot to hit the percentage and it went in as full tote and cost 12k. The bet was refunded because it was against his account trend.
They'll do that because it is worth it's weight in advertising and public image. The blokes that try to rort though, they don't stand generally but that is not always the case depending on their status (celebrity or high profile or a gold brick).
Sportsbet had an error a while back on one of their NBA markets. The Grizzlies were 1.90 -8.5 against the Kings at home, and their 2.10 line was +10.5 instead of -10.5. The Kings were around 11.00 to win by 11+.
So I smashed the Grizzlies +10.5 and multied it into the Dogs to beat GC at 1.01, then put a little saver on the Kings 11+ one out to cover costs.
Sportsbet never batted an eyelid and the bet went through and was paid out.
So I smashed the Grizzlies +10.5 and multied it into the Dogs to beat GC at 1.01, then put a little saver on the Kings 11+ one out to cover costs.
Sportsbet never batted an eyelid and the bet went through and was paid out.
They had Sylvia in the Dreamteam Best of The Best Forwards for close to 36 hours this week. You would have thought SOMEONE there would have known he was suspended before framing the market. But even so, to do that late on wednesday and then leave it up for over so long is just pathetic. It was still up at 8am this morning but I notice its just been taken down just now finally. Probably because I asked them to change it, I doubt they worked it out for themselves.
I really like the website and the way its set out but they are so ****ing slow to move on some things it really grinds my gears at times.
I would also like to add some more of Aces (Edmond's) highlights from the last few weeks, he really seems to be hitting his stride at the right time.
Now for some REALLY JUICY STUFF!
Woah Ace tells it like it is!
Ace, What do you think of the Eagles chances in 2011?
Oh no he diint!
Condoms?
Any last words Ace?
Thanks Buddy
Thats some highlight package 
they used to have these mistakes a few times per week during NBA season
you are a ****ing moron doing what you have done though, what if they refund the mistake and leave your other hedge pending and it loses.
you atleast do your hedging elsewhere
95% chance your account would have been marked aswell
Did Kings 11+ on Centrebet, so no dramas there.
