Originally posted on 08/29/2012:

Any book should have the right to change its rules, but seriously they tried to change their rules and backdate them to come into effect before this fella won his bet ? Almost seems too stupid to be true, and actually surprises me as I thought they were smarter than that.

Considering they had only just got their licence in Australia, for the sake of roughly £40k GBP this should have been used as a massive marketing/advertising opportunity to spread their name around a bit more now they are licenced.

They should have paid this guy and gotten a photo opportunity with one of them giant cheques that newspapers seem to love and said "come bet with us, look at how much this lucky chap won" and sit back and watch the money come in.

Even if the limits were initially incorrect on exotic bets like this, and they were subsequently lowered to the new amount, they could have used that to their advantage by saying "we messed up, but we are a licenced company in Australia now, so here we are proving that despite having wrong limits initially...we are trustworthy and will pay this bet out anyway as a gesture of good will and then correct the limits for subsequent bets"

And lets face it, a punter like that betting $4000 on an exotic bet...how long do you think it would take him to throw it all back to them anyway...