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Why do bookmakers care what people might do with their winnings when laying prices they themselves set? http://www.starsportsbet.co.uk/simon-nott-what-is-this-bookmaking-obsession-with-arbers/
I am not a bookmaker but I cannot understand why the are bothered with laying ‘arbers’ bets, surely it would be more worrying if it was a punter who knew the game.
Ok they are making a little money, but the books did price the horse/selection up at the price the ‘arber’ took.
I message to the books, man up like the old days and maybe we can bring some new life into the sportThis attitude happens a lot more in retail also Simon. I could give you hundreds of examples but will give you todays example.
Morrisons has an offer on at the moment. If you have a loyalty card you can purchase a £50 Amazon voucher for £50 but as an offer you receive £6.50 worth of vouchers to spend on Groceries which last a year.
We buy quite often on Amazon so today i bought 6 x £50 gift cards. The terms are, you receive the points every time you buy one £50 gift card, so i had to make six individual transactions to earn £38 pounds of free food. When explaining to the cashier i wanted to pay individually and why, she more or less suggested i was doing something underhanded.
In effect i was arbing and getting something of monetary value free for 10 minutes of my time. Some people do not like that, they hate it in fact. The reason why i do not know.
I can only assume that they don’t like being beaten at their own game. Bookies, almost by definition, are arbers are they not? They seek to profit on an event regardless of outcome.
That aside, as the article says, what business is it of the bookie what the punter does elsewhere? Only one half of the arb can win and if you’re consistently on the wrong side then you’re probably doing something wrong.
Also it’s a game of opinions (I remember a Ladbrokes campaign specifically selling it as such) and naturally different bookies will sometimes have a difference of opinion. Therefore arbing opportunities will naturally happen.
Don’t like arbing? Push for a full tote monopoly.
It’s all a blind, misinformation. Since the computerisation of gambling, they like to bang on about arbers alot. Coincidence? Of course not. I truly believe that if the big high street bookmakers could get their way, everything which we bet on in the future, would be generated by a computer program. Horse racing and the like, are so old news for them now.
I never dreamed that I would ever be in favour of a state tote system in this country. But if the big high street bookmakers continue the way they are, I think that would honestly be the best system for us all. Keep the on course independents, and do away with the lot of them. They are going to kill horse racing if things continue as they are.
It’s all a blind, misinformation. Since the computerisation of gambling, they like to bang on about arbers alot. Coincidence? Of course not. I truly believe that if the big high street bookmakers could get their way, everything which we bet on in the future, would be generated by a computer program. Horse racing and the like, are so old news for them now.
I was saying something similar a while back. Like those machines in the shop where you can bet on sports without having to visit the counter, those are the way forward for bookmakers. that way they can do away with having to pay staff.
I noticed with those machines as well the odds are the same whatever bookmakers you go to. so eventually they’ll just be one bookmaker, run by a computer, which never makes mistakes in it’s pricing. You think it’s hard to win now? It’s only going to get harder. a depressing future but could well become a reality.
Hypocrites are bookies…don’t like being shafted over but when the boots on the other foot…
I’ve backed Coneygree at five past nine this morning with Corals…only to recently find out he was declared a non runner before eight o clock…over an hour before I placed the bet…
Been on chat and apparently the bet won’t be refunded as antepost rules apply!
In my eyes that is plain and simple theft…
to be fair it’s your responsibility to monitor the circumstances of the bet… if you can’t be bothered to find out if he’s running or not I would put that down to laziness on your part
Zamorston said
“Hypocrites are bookies…don’t like being shafted over but when the boots on the other foot…I’ve backed Coneygree at five past nine this morning with Corals…only to recently find out he was declared a non runner before eight o clock…over an hour before I placed the bet…
Been on chat and apparently the bet won’t be refunded as antepost rules apply!
In my eyes that is plain and simple theft…”
If you backed him after he was officially declared a non-runner you’ll have your bet refunded Zamorston.
No I won’t Tim I’ve already been on chat and told the bet stands!
I can see what you’re saying judge but I’d like to have confidence in a bookie that if an unusual event like this happened they’d have no issue refunding the bet…
If he’d have been declared a non runner five minutes after I’d placed the bet then fair enough…we all know how antepost works…
Surely an easy check from them to see they have taken a bet on a horse that had already been ruled out and refund the bet…were they lazy in not updating it sooner? They have benefited from it though which is surely wrong?
No I won’t Tim I’ve already been on chat and told the bet stands!
I can see what you’re saying judge but I’d like to have confidence in a bookie that if an unusual event like this happened they’d have no issue refunding the bet…
If he’d have been declared a non runner five minutes after I’d placed the bet then fair enough…we all know how antepost works…
Surely an easy check from them to see they have taken a bet on a horse that had already been ruled out and refund the bet…were they lazy in not updating it sooner? They have benefited from it though which is surely wrong?
if the market says antepost then it’s antepost.
however I was under the impression that if you backed two days before the race then ante-post was finished- ie if the horse was a non-runner you got your money back. perhaps I’m wrong.
as for the bookies checking the bet- I refer you to my previous answer, ie it’s up to the punter not the bookie to monitor the market. if you are placing a bet on a horse- then it’s your responsibility to see if the horse is running. the bookie is merely laying that bet, do you think they are going to show sympathy or something? after all these are the same businesses who are up in arms as they are no longer able to take hundreds a time off the the dispossessed who are addicted to their machines- do you really think they would care about a punter who’s lost an ante-post bet?
zam
you should get your money back, they should have deleted your selection from the line up once he was declared a non runner.
If your timeline of events are correct,(I don’t doubt you) its a no brainer you get your money backTo be fair to Corals they have now voided the bet and returned stake!
I thought I was in the right…Christina on live chat, and her supervisor were having none of it…
Phoned them on my dinner break and Stephanie was extremely nice and polite and sorted it no problem!
I’ll just skip live chat in future as it’s a complete waste of time and effort!
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