Aussie bookie pays out on Tiger after two rounds

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  • Dunder
    Restricted User
    • 10-26-09
    • 3345

    #1
    Aussie bookie pays out on Tiger after two rounds
    Sportsbet have paid out on Tiger Woods winning the Australian Masters despite there still being 36 holes to play.

    Paddy Power did something similar for the USPGA (which Woods went on to lose), which reportedly cost them GBP 1.2 million.

    Good publicity, I suppose.
    Last edited by Dunder; 11-13-09, 09:56 AM.
  • TheBeautifulGame
    SBR MVP
    • 08-26-08
    • 1286

    #2
    Dunno about sportsbet personally but Paddy Power do that quite often like when they paid out on MAN UTD winning the premier league half way through the season (man utd did win).

    It's a marketing ploy which usually works. I'm sure they made back that 1.2 mill 10x due to there actions
    Comment
    • filbertstreet
      SBR Rookie
      • 09-04-09
      • 16

      #3
      they haven't paid me yet
      Comment
      • chance
        SBR Wise Guy
        • 06-16-08
        • 682

        #4
        He is tied with 2 others going into the last round



        Sportsbet need some good publicity after their site went down on Melbourne Cup day. They probably hope Tiger loses.
        Comment
        • sportsbetwin
          SBR Wise Guy
          • 03-07-09
          • 745

          #5
          No surprise here - Paddy Power owns Sportsbet
          Comment
          • noyb
            SBR Wise Guy
            • 09-13-05
            • 971

            #6
            since sportsbet (and paddy as well) only allow retards to place a decent bet in their sportsbook, paying out on something like this isn't a problem. they'll win it all back in the next three bets easy.
            Comment
            • HedgeHog
              SBR Posting Legend
              • 09-11-07
              • 10128

              #7
              If Tiger loses, can Sportsbet reverse position and take the money out of one's account. This would make for an interesting complaint for SBR to handle.
              Comment
              • Dunder
                Restricted User
                • 10-26-09
                • 3345

                #8
                Originally posted by HedgeHog
                If Tiger loses, can Sportsbet reverse position and take the money out of one's account. This would make for an interesting complaint for SBR to handle.
                Purely hypothetically, I guess they could (at least for those who hadn´t withdrawn).
                It won´t happen though. Understand their liability is around 125k Aussie Dollars.
                Comment
                • noyb
                  SBR Wise Guy
                  • 09-13-05
                  • 971

                  #9
                  Originally posted by HedgeHog
                  If Tiger loses, can Sportsbet reverse position and take the money out of one's account. This would make for an interesting complaint for SBR to handle.
                  they won't. paddy paid out on lots of stuff that never happened in the past, it's all about marketing and getting the people on board that don't have a clue about betting, read this in their daily paper, and think: if it's that easy, i want in.
                  Comment
                  • thespeculator
                    SBR MVP
                    • 09-09-08
                    • 2999

                    #10
                    i think paddy also did that about a week before last years elections, i guess it get them in the news because i remember hearing it on cnn
                    Comment
                    • sportsbetwin
                      SBR Wise Guy
                      • 03-07-09
                      • 745

                      #11
                      Tiger won!
                      Comment
                      • Ace_of_Spades
                        SBR Posting Legend
                        • 10-14-09
                        • 13518

                        #12
                        Paddy Power are a stupid bookmaker. They screw alot of things up.
                        Comment
                        • Santo
                          SBR MVP
                          • 09-08-05
                          • 2957

                          #13
                          They would probably have been hoping he lost, it would make them more publicity. The liability (about $150k AU) was small compared to the amount of publicity they got (and would have got more if he'd lost) worldwide.
                          Comment
                          • twister
                            SBR Sharp
                            • 09-09-08
                            • 405

                            #14
                            Originally posted by Santo
                            They would probably have been hoping he lost, it would make them more publicity. The liability (about $150k AU) was small compared to the amount of publicity they got (and would have got more if he'd lost) worldwide.
                            Yeah, PaddyPower do this quite often with liability up into the millions. The publicity more than makes up for it though.
                            Comment
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