Betfred refusing to honour bet

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  • Psylence
    SBR Sharp
    • 05-14-09
    • 442

    #1
    Betfred refusing to honour bet
    I placed a bet months ago at www.betfred.com.au which is an offshoot of the UK version of betfred they were planning to start an Aussie version. They had a good price so i signed up and placed around $500 on Green Bay Packers to win the NFL superbowl at $15 with a possible $7500 payout. Packers are doing well now and are around the $5.5 mark.
    Betfred just decided they don't want to operate in Australia anymore and say they will cancel the bet and pay out the $500. They still havnt done this and is has been 2 weeks. Contacted the main UK site but no luck they just told me the same story. It's not like the company is going into liquidation and you think it would be going against the gambling licence they took out in Australia. Will be less painful if GB ends up not winning but it's not like they allow their bettors to cancel any bets like this. Still havnt seen any sign of refund either and support is non existant in australia and in the uk they dont seem to know whats happening.
  • Optional
    Administrator
    • 06-10-10
    • 61471

    #2
    You might want to try reaching out to the Aussie regulator to see if they think that is allowable under their license. licensingcommission@nt.gov.au
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    • Psylence
      SBR Sharp
      • 05-14-09
      • 442

      #3
      Sure i'll do that thanks for the help
      Comment
      • Playon
        SBR High Roller
        • 12-19-14
        • 110

        #4
        Betfred closed my account. No go for winning players. I rate it as D+ or D-.
        Comment
        • relaaxx
          SBR MVP
          • 06-15-06
          • 3281

          #5
          they should honor the bet.
          Comment
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