Does anybody know whether when placing a bet over the telephone the price would be the price at the time of making the bet ?
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Most phone betting services quote you the price over the phone and save the recording of the call. So yes.
Only exceptions would be pool betting or maybe horce racing if they use the track prices.Comment -
Generally the price you are quoted is the current price and if you accept, that is the price you get.
You could always ask for sp - when backing horses, if that is what you require.Comment -
probably the price be to a lower price. (If the price is good) Thats my experience with telephone betting.Comment -
if you get quoted a price, then that's the price you get - wherever you bet.
Only exception would be on racing where you take SP (starting price, which funnily enough isn't recorded until the race has started, and is the industry price, not from one bookie) or if there was another horse withdrawn AFTER you placed your bet, then there would be deductions according to Rule 4. Again, industry standard for racing in the UK.
Can't think of an instance on any other sport where a price would change or be calculated after the call.Comment -
It is the minimum price you get, yes. But if the book offers guaranteed prices on horce racing and the SP is higher than the price you accepted, you'll be paid out at the higher SP odds if your horse wins. I accepted odds of 33/1 on Mon Mome for this year's Grand National. It won and I was paid out at the SP price of 100/1.
As for other sports where a rule 4 could be implemented, golf is another.Comment
