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  • thered
    V.I.P. Member
    • Aug 2008
    • 4915
    #1

    bets

    have always wondered and watching corrie the other day brought it back with dreary barlow


    who covers them?


    say if i opened a bookies doing ok then some ~~~~er puts a 10p round robin on and wins say ?120,000


    how do i pay up ?

    what happens if i cant?
    Tags: None
    • barrowmanandrew
      V.I.P. Member
      • Nov 2009
      • 3427
      #2
      they have insurance for large payouts m8.
      also smaller bookies will keep an eye on these type of bets. if they have one that looks like it could win big cash. then they will offset it by placing a largish single bet on the same horse as the bet.
      ie punter has 3 horses up and is waiting for fav in next race to win 10k. then the bookie he has the bet with will bet a few grand on the same horse, so that if it wins he is not so much out of pocket..

        Comment

        • thered
          V.I.P. Member
          • Aug 2008
          • 4915
          #3
          Originally posted by barrowmanandrew
          they have insurance for large payouts m8.
          also smaller bookies will keep an eye on these type of bets. if they have one that looks like it could win big cash. then they will offset it by placing a largish single bet on the same horse as the bet.
          ie punter has 3 horses up and is waiting for fav in next race to win 10k. then the bookie he has the bet with will bet a few grand on the same horse, so that if it wins he is not so much out of pocket..
          thanks but why would the bookie put a few grand on the same horse for the last race just on a chance bet cos if the horse loses he's lost a few grand

            Comment

            • thewizardofodds
              DK Veteran
              • Nov 2008
              • 924
              #4
              you can set up a bookies dead easy these days , cost about ?10 for a couple of terminals that run on betfair. you give the betfair odds minus your commission. So say 10% less than betfair offers which are usually around 20% better odds than bookies

                Comment

                • cablefreejunkie
                  DK Veteran
                  • Jul 2008
                  • 1717
                  #5
                  also bookie can refuse to pay out on any ~~~~in t&c he/she can think of
                  watched a docu recently on a horse trainer who over the years has won quite a few quid out of the main bookies
                  hes now taking them to court over a huge payout which they are refusing to pay,,they make up some shite,,,there all dodgy ~~~~~ers,,,,,i mean they take your cash no worries but payout is a different kettle of fish or should i say horses
                  The control of information is the consolidation of power

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                    • alladdin
                      Member
                      • Oct 2010
                      • 72
                      #6
                      smaller bookies "lay off" the bets. ie as stated above, if punter bets 10k at 100/1 then the bookie finds another, bigger, bookie to place same bet at similar or better odds, say 101/1. bookie might not make much but wont loose much either.

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