Bayfox Posted 5 June 2019 Share Posted 5 June 2019 10 hours ago, Dan LCFC said: This is something people should consider really before they bet on it. I've not bothered at all this summer simply because they've removed the "to stay at X club" option. The prices on it used to be excellent. The whole thing's a bit farcical really. Not surprised they have removed it. Yep. Made money on mahrez staying twice over. Shame they have clocked they risk losing despite being the mouth piece rumour mill as a company. There'd be good money to be made on the chilwell, Harry and madders to stay as a treble. 1 Link to comment Share on other sites More sharing options...
Paninistickers Posted 5 June 2019 Share Posted 5 June 2019 14 hours ago, st albans fox said: They are being clever by removing ‘stay at current club’ and I wonder if this is indeed potentially against the law ? It’s certainly against the spirit of the law and I suspect a judge may well decide it is whilst a lawyer would advise its ok as the law is written ....... anyone with a spare couple million and time on their hands could take the case on ........ As far as I know, there is nothing legally enforceable in a bet. Theoretically, a casino or bookie can just decide not to pay out.A bet is not a contract. They obvs don't do that tho, as it's clearly an unwise business move to ne known as a reneger on bets Link to comment Share on other sites More sharing options...
yorkie1999 Posted 6 June 2019 Share Posted 6 June 2019 15 hours ago, Fox92 said: Betting is shit anyway just don't do it and stop losing money Don't agree, if it's an occasional bet at the game or if you go to a race track occasionally, it just adds to the excitement. But as a wise man once said If you can make one heap of all your winnings And risk it on one turn of pitch-and-toss, And lose, and start again at your beginnings And never breathe a word about your loss; You'll be a Mason. Link to comment Share on other sites More sharing options...
treer Posted 6 June 2019 Author Share Posted 6 June 2019 10 hours ago, Paninistickers said: As far as I know, there is nothing legally enforceable in a bet. Theoretically, a casino or bookie can just decide not to pay out.A bet is not a contract. couldn't be more wrong, maybe bookies like you to think that, but many bookies are taken to court over unpaid winnings 1 Link to comment Share on other sites More sharing options...
pleatout Posted 6 June 2019 Share Posted 6 June 2019 4 hours ago, treer said: couldn't be more wrong, maybe bookies like you to think that, but many bookies are taken to court over unpaid winnings Correct https://www.gamblingcommission.gov.uk/for-the-public/Your-rights/Status-of-a-bet-as-a-contract.aspx Link to comment Share on other sites More sharing options...
Grebfromgrebland Posted 9 June 2019 Share Posted 9 June 2019 Even a bet down the pub with your mate is legally enforceable. Link to comment Share on other sites More sharing options...
ktfox59 Posted 10 June 2019 Share Posted 10 June 2019 On 05/06/2019 at 07:35, st albans fox said: They are being clever by removing ‘stay at current club’ and I wonder if this is indeed potentially against the law ? It’s certainly against the spirit of the law and I suspect a judge may well decide it is whilst a lawyer would advise its ok as the law is written ....... anyone with a spare couple million and time on their hands could take the case on ........ They are simply offering an opinion and quote odds on that market they set up. If your view is different, as mine was for Shakespeare to get the job at 8/1 instead of Roy at 1/6 you take them on with what ever odds they offer. Link to comment Share on other sites More sharing options...
ktfox59 Posted 10 June 2019 Share Posted 10 June 2019 Just now, ktfox59 said: They are simply offering an opinion and quote odds on that market they set up. If your view is different, as mine was for Shakespeare to get the job at 8/1 instead of Roy at 1/6 you take them on with what ever odds they offer. Or go to betfair/matchbook and lay your own odds to stay or leave. Oh btw. Golf.if you bet early on these 2 firms you can invent your own odds for players. 300/1 for a fiver. You will be amazed how many people match your bet. You can bet 25 players and still come out at least 500 up. Link to comment Share on other sites More sharing options...
ktfox59 Posted 10 June 2019 Share Posted 10 June 2019 On 09/06/2019 at 09:25, Grebfromgrebland said: Even a bet down the pub with your mate is legally enforceable. I don't think so. Willie Thorne owed thousands to bookies but the only thing they can do is bar him from race courses. Link to comment Share on other sites More sharing options...
The whole world smiles Posted 10 June 2019 Share Posted 10 June 2019 On 05/06/2019 at 00:35, brucey said: They removed their staying odds because it was a consistent loss maker for them and the few other bookies who offered it. On the other hand their profit margins on players moving are massive because of how often deals fall through and how susceptible football fans are to any transfer window rumour. How does this work then? Presumably if the player stays you get your stake returned as this isn't covered in the market? Link to comment Share on other sites More sharing options...
Dames Posted 11 June 2019 Share Posted 11 June 2019 On 05/06/2019 at 07:46, Danizen said: That's not the worst thing about SkyBet. They 100% use Sky Sports News to plant false stories and fiddle with the odds on the back of that. A massive conflict of interest which shouldn't be allowed, imo. Obviously the likes of Paddy Power and Bet365 have news arms which do a similar thing but these are more like amateur blogs, read by one man and his dog whereas Sky Sports News is part of a multi billion pound media corporation. Their odds are always shite as well. Avoid. Absolutely this. Its been blatant for a few years now that Sky have been using their news platform to encourage people to bet on transfers as when you go on a transfer news story it offers you Skybet odds. They just slap 'Sky Sources understand' in front of something and you'll have 100s of people putting money down on it within minutes. Saying that I did make a fair bit of profit a few years ago by betting on Mahrez to stay at Leicester when they were really pushing that he was at the airport and ready to leave. Probably why they've now removed that as an option. Link to comment Share on other sites More sharing options...
adam1 Posted 13 June 2019 Share Posted 13 June 2019 Its all about the margin. If Maguire was priced at 1/8 to leave it denotes the probability of 89%. However the actual chance of him leaving could be about 60%. This example would give skybet a 39% profit margin. They get away with doing it because no one else offers the prices. There is no competition. However the above doesn't take into account some additional margin placed on risk of the unknown. With the example given a considerable wedge of that margin will be added on to reduce the risk of them not knowing something. Although with staking limits and the systems they use it should flag up immediately. Link to comment Share on other sites More sharing options...
Chrysalis Posted 13 June 2019 Share Posted 13 June 2019 (edited) I had a email exchange with sky bet and they refusing to supply me odds for maguire to stay, I said is that because you think thats what will happen and they replied we cannot disclose that information. Edited 13 June 2019 by Chrysalis Link to comment Share on other sites More sharing options...
brucey Posted 13 June 2019 Share Posted 13 June 2019 2 minutes ago, Chrysalis said: I had a email exchange with sky bet and they refusing to supply me odds for maguire to stay, I said is that because you think thats what will happen and they replied we cannot disclose that information. They've said multiple times on Twitter that it's a trading decision to no longer offer any staying bets on any player at any club. In other words it isn't profitable for them, they like making money so they've got rid of it. There isn't a conspiracy. Link to comment Share on other sites More sharing options...
treer Posted 14 June 2019 Author Share Posted 14 June 2019 20 hours ago, brucey said: They've said multiple times on Twitter that it's a trading decision to no longer offer any staying bets on any player at any club. In other words it isn't profitable for them, they like making money so they've got rid of it. There isn't a conspiracy. in other words just a rubbish bookmaker. Years ago bookmakers set the odds to attract money for each possible outcome. Nowadays they only want to allow bets by people whom they deem as not price sensitive, and therefore likely to lose. After x number of bets by a punter, their software rates the quality of the punter Then they will take action to limit the stakes of punter to £2 abet or thereabouts. Link to comment Share on other sites More sharing options...
Jon the Hat Posted 14 June 2019 Share Posted 14 June 2019 Skybet is not owned by Sky. Link to comment Share on other sites More sharing options...
Chrysalis Posted 14 June 2019 Share Posted 14 June 2019 On 13/06/2019 at 15:23, brucey said: They've said multiple times on Twitter that it's a trading decision to no longer offer any staying bets on any player at any club. In other words it isn't profitable for them, they like making money so they've got rid of it. There isn't a conspiracy. Which is what I just said but in different words really. Clearly the odds of maguire staying are more favourable than the club they deem the most likely he will join, and if they allowed people to bet they would lose money. But because these odds are not published/allowed it makes the other odds seem more favourable as the option of staying isnt available as a metric to compare to. It is a bit like manchester united vs halifax town, they publish odds for a draw or halfix win but refuse to show odds or allow bets on a manchester united win. Link to comment Share on other sites More sharing options...
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