Heard on VSIN that "one of the biggest offshore books" voided bets on Colts Under 9.5 season wins on those who got down right after the news broke Saturday night. What book was that? That would never happen in the US.
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I heard that 5D has done it. I'm sure there will be others.Comment -
I actually bet the Under 9.5 myself, but back on August 16, long before the news broke! Hope they don't try to void my bet too, that would be rather absurd. I easily could have bet the over back then also which I'm sure I'd be stuck with even though it'd probably be a terrible bet at this point.Comment -
seems like that should be against gaming rulesComment -
It is fair industry practice to void bets made with the benefit of major news before the book has adjusted. Especially if it happens within minutes.
A major reason books end up voiding instead of eating the loss is due to one or two people going crazy rebetting it over and again after the news is out too. Just going too far and forcing their hand to void all bets.
But if anyone here did have a bet voided, please send in a Sportsbook Complaint form so we can ask for a full explanation..Comment -
No different than betting an NBA injury seconds before it hits Don Best.Comment -
actually had a book where i couldve done the same thing; line was up about 1 hour still after news broke....but decided not to. Just not worth risking damaging reputation and taking advantage. Thinking long-term. And Im sure it wouldve been voided and been marked as a poacher so no-win situation. Still lots of other futures bets with tremendous value, the old-fashioned way
Michigan under 10 wins
oklahoma state over 7 wins
alabama over 11 wins (creampuff schedule like every year only small chance of loss LSU)
UAB over 7 (great team in their conference)
NYJ over 7.5 (darkhorse for conference AFC championship for me, got it at 7 earlier in season)
Syracuse over 7.5 (very doable at 9-3)
Good luck gentsComment -
Totally disagree with that being "fair industry practice".
Nevada Gaming Commission would scoff at that and would laugh at that statement.
Every sport, every game, every country has injury news, weather news, retirement news, lineup news etc.
Some players get information before books do.
What's next?
Would it be "fair industry standard" to void bets when a storm comes, when players get suspended or benched?
Seriously, that is ridiculous.Comment -
Agree with the SportsbookComment -
LOL Yeah, make sure you don't "damage your reputation" by betting on something that the sports-book
has put a line out for wagering on! Because you think it might be "unfair" to the poor S-book!
While the forum on here gets filled up with complaints about how the S-books cheated the hell out of people!
You do realize that every other pick you made is also available for wagering!
If a bet is available to be wagered on and you don't bet it because of some type of "sympathy" for the S-book,
then you are just about dumb as hell to me! LOL Do you look at odds online or go to Vegas and look at the huge
bet-board and decide for yourself which bets that you AREN'T going to bet because you think the line is "wrong"
and they shouldn't have it available for wagering? LOL Surely not! Who the hell said a gambler was supposed to do that?
Who appointed you or any other player the "bet avoider judge" of which bets to wager on and which bets to avoid?
Why the hell would you look at a bunch of bets that a book has available for wagering and avoid a bet that
you think will win while also betting some of the others that you think will win! Are you joking?Comment -
And as far as that goes, if you have "sympathy" for the S-book, and you don't want to bet a bet that you think will win,
then why didn't you go in there and bet the opposite of those 6 picks that you gave out? LOL Or better yet why didn't
you go in and bet your whole account balance on the Colts OVER 9.5 season wins? Right after the news came out?
LOL You'd quickly see that they'd accept that bet in a heartbeat!
Because they don't have the same "sympathy" for you as you do for them!Comment -
LOLComment -
LOL Of course they don't cancel any accepted wagers in NJ or Vegas, or any other "Land Based" Casino!
What he meant to say was that it is only "fair industry practice" for ONLINE sports-books to cheat people & void wagers
if they feel like it! Because online sports-books have no rules that they have to go by!
They can do whatever they want and cheat whenever they want ANYTIME they want to!
In Vegas or any other brick and mortar casino, once you pay the money and get the ticket printed out, they can't
come back later and cheat you out of it! The ticket IS the bet!
That's why I can't wait until the whole USA allows gambling!
And that's why I'm glad they got sports wagering coming to N. Carolina this year. It may be 2 hours away, but now I
NEVER have to send any of my money to a bunch of strangers overseas again and then "Hope" that they don't cheat me!
Now I can make a bet and know that I can't be cheated out of it!
Because the ticket that I will have in my hand IS the bet!Comment -
Yes, they did. And they suspended accounts, just like Ol' Tony would have done.
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Suspending accounts is fair game. Does it say in that thread the bet was cancelled? I didnt see that (but very easily coulda missed it). I think booting account is fair, cancelling bet to stay in good standing is fair as well if all sides agree. however just cancelling the wager doesnt sit right with me.
https://twitter.com/darrenrovell/sta...83562025951232 I dont think borgata is cancelling the bets tweeted here btw. I dont think they could and keep there license. Protection for players.......Comment -
And there you have the difference right there! The online sports-books have NO rules and can do whatever they want!
So they cancel the wager AND suspend the player's account when it was the S-book's OWN fault for not
changing the line sooner!
All the guy did was go into his account and make a wager on a line that the S-Book had available to be bet!
And they blamed THEIR mistake on HIM and suspended his account!! Why? Because who the hell can stop them? LOL
Once they have your money overseas, they can cheat the hell out of you WHENEVER they want to!
And then even blame you for it after they cheat you! LOL
Meanwhile a brick and mortar S-book accepted the SAME bet, gave out a ticket, and if it wins the guy will cash it in!!
Nothing else needs to be said about the difference between sending your money to a bunch of strangers and betting at a
regulated land-based casino!! One (offshore) can cheat the hell out of you AND suspend your account for THEIR mistake!
While the other one (land based) accepts bets, gives you a ticket, and then pays off ALL bets that they accepted!
Case closed!Comment -
That was my case they were talking about on mitch and Pauly today. I tweeted them when it happened. I locked in Colts u10 wins (-115) $575 to win $500 as soon as the news broke and it went through but an hour later they suspended my account.
I've been with them since 1999 and was fully expecting the bet to get cancelled but was totally surprised they banned me.
I contacted customer support and they said since I was a loyal customer they would reinstate my account but not to do something like that again or risk suspension. I have like $4k pending with them (futures), so it was a little scary but I knew who to turn to if it got bad.
I fully expected it to get cancelled but mitch, Gill, and Pauly all disagreed with 5dimes' stance.Comment -
LOL Why are they not going to cancel the other futures bets that they had available for wagering?
Are they saying that you THE PLAYER should know which posted lines are "really" available to be bet on and
which posted lines are "not really" available to be bet on, and should be avoided? LOL
Imagine if a land based casino accepted 5 bets, and gave you 5 tickets for 5 futures bets, and then chased you
down the hall and said "Wait a minute sir! One of those 5 bets that we had available for gambling on you were supposed
to know to avoid betting that line and we need that ticket back!" LOL It just gets dumber and dumber!Comment -
Here's the email they sent me after they suspended my account and I pleaded with them to reinstate me (this is the one Pauly referenced):
Greetings Mr. Sanders,
Thank you for contacting us.
Since you have been a loyal customer with us, we are going to make the exception and void that bet. Also your account is open.
Please be inform, that in the future, if you see any type of wager or situation similar to this, refrain from making that bet, since it would affect in a negative way your account.
Let us know if you need further assistance.
Best regards,
Pablo
5Dimes GroupComment -
Well my account hasn't been suspended, and the bet is still there so seems like everything is ok at moment. Whether it's fair practice for them to do this or not, seems like they are doing it correctly - not trying to void what are now very favorable bets from people like me who bet the line long before this news broke and were clearly not trying to take some type of shot.
Lucky bet for me in this case, but ok, that's way it happens sometimes, major news after you make a bet and line moves drastically - sometimes it goes for you, sometimes against, just a part of the gambling cycle!Comment -
thank you for your response.
To be more serious, are you able to update us on this wager to when you get paid out? Not an easy task, because this is a mundane chore. But, this thread could have the potential to dictate how futures are wagered.
I hope the moerators dont delete this.Comment -
Seems rather silly to make a bet if you strongly think the book in question is going to void it - just going to get you flagged as a shot taker.
I personally don't really think it's right for books to cancel such bets. A line which is a "fair" line which suddenly becomes way off market due to such an announcement is not really the same thing as a "bad" line (+200 vs +2000 style). That sort of thing happens all the time with steam chasers - imo it's a part of bookmaking that if people bet on lines which are fair lines at the time that suddenly move a lot due to new information, then I think you have to pay those off - it's a slippery slope to allow books to cancel such bets. Anytime there is an injury in a game or something like that, what would stop a book from doing same thing with anyone who bet the good side of the line before it moved?
That said, while I have issues with books cancelling such bets, there is no question that books have an absolute right to boot you (after paying off the bet in question) if they feel you are not the type of customer they want based on such a betting pattern.
So anyone doing this, knowing that they might get flagged/booted for this kind of behaviour, is going to have to make a choice: is it worth getting booted from this book over one single bet (even if that bet may be a hugely favorable one with the new line in question)? I would think not generally! So why risk it then? Seems like there are two outcomes (and these are the best possible ones),
(1) they pay off the bet and then ban you
or
(2) you beg them to void the bet and for them to allow you to stay which may work once but probably won't in the future and will still get you labelled as a shot taker.
So yes, just seems foolish if you have a sense, based on what's going on, to make a bet which you yourself think the book is likely to void for the reasons mentioned.Comment -
Yeah, if I had it to do over again I wouldn't have made the bet. I saw the news and instantly jumped on it. Once I placed it I figured it would backfire, but not to the extent it did given my history with them (I've never exploited a line before or chase steam even).
Lesson learned.
It's worth $500 to me to stay with 5dimes, I love them (and Heritage and BM and betonline).Comment
