1. #1
    KEdge2k
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    Book the bet, pay the bet?

    Hi everyone, just found the site and think it is great! First time poster, been placing bets for a few years now.

    I have found myself in an interesting position and want to know what to expect. At one of my books that I have been using recently, I placed a slew of futures wagers on the Arizona Cardinals to win both the SB and the NFC Title. All in all, I am risking about 100 to win ~$3,000 for the SB and 130 to win ~$1700 on the NFC title game. I've placed these bets over the course of the last two weeks, with one or two coming during the actual games Arizona played against Atlanta and Carolina.

    I'm worried the bets are going to be voided. Perhaps I'm paranoid? These bets have now been sitting as accepted and placed for the last 24 hours, and are showing up as "placed" on my current wager screen. I took screen caps to confirm, along with date and time stamps.

    My question, I suppose, is how long do I need to wait before I can really rest assured that my bets won't be voided -- specifically, any placed during the games being played? The book left open the futures betting options during that game, and the high odds were still available after the ATL and CAR games. They only changed the futures odds the next morning. For example, before, during, and after the CAR game, the odds for AZ to win the SB were +3000 and to win the NFC +1200. The next morning after the game, they were changed to approx +350 to win it all and +150 to win the NFC.

    Am I overthinking things here? I just don't want to get to a situation where I hedge and AZ wins, and they void my bet blaming some "software malfunction" or something for leaving the futures lines open during the game.

    Please help my experienced friends!

    -KEdge2k

  2. #2
    Justin7
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    It really depends on the book. If it's SBG or Sportsbook.com, they might wait until it wins to cancel it. If it's a reputable book, they won't cancel it if it stands for 2 days.

  3. #3
    KEdge2k
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    Justin -- is 48 hours generally the custom and practice in the industry? This book is based in Costa Rica, like many others apparently. I've checked this sites rules and regulations and definitely don't see anything addressing this type of situation directly on point.

    I'm a licensed attorney here in an unnamed state in the US and, at best, they would have wiggle room under some interpretations of their rules and regulations (i.e. it was a "software malfunction" that the futures bet remained open during the game, even though the futures betting has been open during all the games played the last 4 weeks). Curious as to what I can expect so I can figure out my hedging opportunities.

    Thanks for the quick response, though. Look forward to hanging out around the forums, sounds like a great place.

  4. #4
    betplom
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    Quote Originally Posted by KEdge2k View Post

    I'm a licensed attorney here in an unnamed state in the US and,
    I'm calling bullshit on this post, there are NO unnamed states in the USA, they all have names.

    Seriously though, I hope you get your money.

  5. #5
    KEdge2k
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    Betplom -- OK fine you got me, I'm in California. Didn't know whether or not I needed to include it .
    No money to get yet, I just don't want to hedge, watch AZ go on an unprobable run to win it all, and then find out the wagers were voided. Needed to know if I should expect it, and if so, I'll start documenting things to show it had been in for over 48 hours, etc. all that jazz.

  6. #6
    Justin7
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    Was it at a "bad number"? Arizona was a pretty big dog.

  7. #7
    HeeeHAWWWW
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    Even some reputable books seems to take the opportunity for a free shot at the player, even if they notice it's potentially voidable at the time. They just mark it so that as soon as it wins, it gets auto voided. If it loses, they just keep your stake. For example, mansion do this.

  8. #8
    jtuck
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    When i get a number that I think may be bad I always go on live chat. Too risky to go off of the opinions of a few posters.

  9. #9
    big joe 1212
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    Quote Originally Posted by KEdge2k View Post
    Hi everyone, just found the site and think it is great! First time poster, been placing bets for a few years now.

    I have found myself in an interesting position and want to know what to expect. At one of my books that I have been using recently, I placed a slew of futures wagers on the Arizona Cardinals to win both the SB and the NFC Title. All in all, I am risking about 100 to win ~$3,000 for the SB and 130 to win ~$1700 on the NFC title game. I've placed these bets over the course of the last two weeks, with one or two coming during the actual games Arizona played against Atlanta and Carolina.

    I'm worried the bets are going to be voided. Perhaps I'm paranoid? These bets have now been sitting as accepted and placed for the last 24 hours, and are showing up as "placed" on my current wager screen. I took screen caps to confirm, along with date and time stamps.

    My question, I suppose, is how long do I need to wait before I can really rest assured that my bets won't be voided -- specifically, any placed during the games being played? The book left open the futures betting options during that game, and the high odds were still available after the ATL and CAR games. They only changed the futures odds the next morning. For example, before, during, and after the CAR game, the odds for AZ to win the SB were +3000 and to win the NFC +1200. The next morning after the game, they were changed to approx +350 to win it all and +150 to win the NFC.

    Am I overthinking things here? I just don't want to get to a situation where I hedge and AZ wins, and they void my bet blaming some "software malfunction" or something for leaving the futures lines open during the game.

    Please help my experienced friends!

    -KEdge2k
    The last theng you should have done was come on here and ask. You just raised a red flag for some books who monitor this forum! If they were unaware, they are probobly aware now! Not to mention all the little fagots on here that will call books to tell them in hopes of getting a little $25 bonus for snitching!

  10. #10
    KEdge2k
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    BigJoe -- that's why I didn't say anything about the name of the book.

    Justin7 -- "Bad number" as in bad odds for the book? I think so, that's why I jumped all on top of it.

    JTuck -- what do I say on live chat? I don't want to identify the book here because I know lots of them monitor the forums, but if I initiate a discussion directly with the book about it I'm worried they will just tell me "no tough luck" whereas I think I have a better case the longer the bet is on the books without them raising a red flag on it.

    Thanks for the opinions everyone, I appreciate it. I don't really know how to handle this situation because I have never been presented with it before and still consider myself far from an experienced bettor.

  11. #11
    Justin7
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    Quote Originally Posted by KEdge2k View Post
    BigJoe -- that's why I didn't say anything about the name of the book.

    Justin7 -- "Bad number" as in bad odds for the book? I think so, that's why I jumped all on top of it.

    JTuck -- what do I say on live chat? I don't want to identify the book here because I know lots of them monitor the forums, but if I initiate a discussion directly with the book about it I'm worried they will just tell me "no tough luck" whereas I think I have a better case the longer the bet is on the books without them raising a red flag on it.

    Thanks for the opinions everyone, I appreciate it. I don't really know how to handle this situation because I have never been presented with it before and still consider myself far from an experienced bettor.
    You're playing with fire if you bet a bad number.

    I'd note that taking +3000 when the market is +2000 isn't a bad number, but +20000 versus +2000 is.

    Reputable books will cancel it promptly. If they let you bet it an don't fix it, they owe it. But some shady books will just rob you. Be very careful when picking off bad numbers.

  12. #12
    big joe 1212
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    Hopefully it is an A+ book, so you might have a chance! Anything else, you will have to sweat and might have only a chance to lose, as they do these things on purpose so they can cancel if you win and let it go if you lose! I wouldnt have wagered in this situation, cause I would have known that I would have to sweat it out!

  13. #13
    jtuck
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    As Justin said, if its a reputable book (I'd say B or better) and you don't want to ask them directly, let it stand for a couple days then i'd assume it's ok. If its one of the Sportsbook.com or Oddsmakers of the world the only route I would go is asking them and saving the live chat transcript or e-mail.

    From the way you are asking it seems as if you think you bet into a bad number, so if you really don't want to ask any book, then I would just say let the bets ride without hedging.

  14. #14
    KEdge2k
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    Justin -- I wouldn't say it was a bad number. The first one I got was to win the SB at +3400, then next morning when they adjusted futures it was like +2000 or so. Not a huge jump. The recent one of +3000 to win the SB was then downgraded to like +350 the next day, a little more worried on that end but they continued to accept bets on it all the way through the end of the whistle

    "Reputable books will cancel it promptly. If they let you bet it an don't fix it, they owe it."

    That's what I'm hoping occurs here. It didn't get cancelled immediately and has now stood for over 12 hours. Like I said though, I definitely have a general hesitation about calling the book to confirm they will be OK and honored.

    Big Joe -- The book seems to have a pretty good reputation and I've had no problems with them to date. Hopefully they continue to do right.

    JTuck -- thanks for the advice. I figure if it stands for 48 hours, and then I wait until maybe the Friday before the games start and call to confirm, they'd be pretty hard pressed to cancel it at that time.

  15. #15
    durito
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    Quote Originally Posted by KEdge2k View Post
    Justin -- is 48 hours generally the custom and practice in the industry? This book is based in Costa Rica, like many others apparently. I've checked this sites rules and regulations and definitely don't see anything addressing this type of situation directly on point.

    I'm a licensed attorney here in an unnamed state in the US and, at best, they would have wiggle room under some interpretations of their rules and regulations (i.e. it was a "software malfunction" that the futures bet remained open during the game, even though the futures betting has been open during all the games played the last 4 weeks). Curious as to what I can expect so I can figure out my hedging opportunities.

    Thanks for the quick response, though. Look forward to hanging out around the forums, sounds like a great place.

    You took a shot and bet a bad line, what happens next is unknown but I wouldn't get in a habit of doing this. Bad books will use this as an excuse to take a shot back at you.

    The A+ rated books usually catch stuff like this and cancel your wager in a timely matter (ie before the next game). The D rated books may wait till after the game to cancel it. Pinnacle you will let you keep the bad line in exchange for closing your account after wards or you can cancel it and keep your account. Sometimes it will just go unnoticed complete and you'll get paid.

  16. #16
    KEdge2k
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    Durito -- is it a bad line when it is available while the game is ongoing? I mean, the book has to know that how the game is going will affect futures lines. If they keep that open, how is it on the customer as opposed to them leaving it open? I don't think my bets would be given back if Arizona flamed out and lost to a huge comeback.

  17. #17
    durito
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    The point is that those lines should be and usually are taken down before the game. That it was still up is obviously a mistake on their part.

    It's really not much different than if a book accidentally leaves a game up after it has started and you taking the winning team. Once AZ was up that much, their true futures odds had changed dramatically.

    I don't think my bets would be given back if Arizona flamed out and lost to a huge comeback.
    This is why betting things like this is a bad idea.

  18. #18
    durito
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    Out of curiosity, what grade is this book rated at SBR?

  19. #19
    KEdge2k
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    Durito -- not sure if I should say cause it might give the book a heads up. I'll say it is in the B- to B+ range.

  20. #20
    Justin7
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    Quote Originally Posted by KEdge2k View Post
    Durito -- not sure if I should say cause it might give the book a heads up. I'll say it is in the B- to B+ range.
    It's sloppy on their part to leave it up during a game.

    They'll probably honor it, and put a note on your account that you are a "shot taker". Karma will pay you back later.

  21. #21
    pimike
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    I hope it hits, but don't see it hitting so it may not matter, but good luck.

  22. #22
    Frank
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    I rarely side on the book's side but betting on this after 1 leg of basicly a 3 team parlay is complete is wrong.

    You are a SHOT TAKER!

    Shot takers get what they deserve in the long run

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