Do bookmakers have to honour a price?

[halfwaytoheaven]

Today I placed two £2.50 EW bets on Sacred Kingdom at 66/1 with Stan James.

It was quite evident that someone their end had put the market up completley wrong. These bets have now been reduced to 7/2.

Can a bookmaker legally do this or do they have to honour what I have taken?

[Irish Stamp]

It’s a palpable error and is catered for in the rules.

You’ll have the option to either void the bet or have it placed at the correct odds (7/2 according to SJ’s website).

[robert99]

This question was discussed at length recently on TRF.
As UK bets are now enforceable by law it is probable that palpable error clause would be judged illegal. Until someone actually takes it to Court then the legal position is unknown. A threat to take it to Small Claims Court would probably result in an immediate full payment to avoid this ever going to Court.

[Irish Stamp]

They are enforceable by law Robert but they’re the rules that the person striking the bet agreed to when the bet was struck so IMO you’d need a good lawyer to prove that you shouldn’t have to abide by them in a court of law.

[Pompete]

Halfway, have a read of the "Ladbrokes gave me a haircut" thread in General Sports – including the link to Wit’s advise in the Anglo Darren thread, posted by Cormack, on that thread.

[Author]

Posts