Book Cancels Bet Day After

[RickySteve]

A player bets TEX -125 at Book XYZ after market moves to -160/+150. TEX wins. The next afternoon, book cancels wager citing bad line.

Is book in the right?

[chance]

No. They are very slow at moving lines and very slow at "fixing" mistakes.

[zebras99]

which bookie was it?

[Monte]

free-rolled, why do you ask?

[sharpcat]

Can't cancel a wager after the event has been played, especially when the line was clearly not an error it was a stale line.

[isetcap]

My opinion on past-posting is that the book must always pay (when the line was listed it was a valid price). After the book pays, it has every right to choke the player out but the best books will write it off and strive to avoid these situations in the future. If I ran a book, I would not want the betting community to know that I was cancelling past-post bets the day after the result was in.

[BranchDavidian]

Isn't a past-posted bet one that was bet after the game started? That would be different than a book caught with stale lines.

[ehp6737]

My opinion on past-posting is that the book must always pay (when the line was listed it was a valid price). After the book pays, it has every right to choke the player out but the best books will write it off and strive to avoid these situations in the future. If I ran a book, I would not want the betting community to know that I was cancelling past-post bets the day after the result was in.

Why are you talking about "past posted" bets? This thread has nothing to do with past posted bets. It has to do with a book not adjusting their lines fast enough

[Maniac]

Sounds very very shady to me, what was the reason they gave you for the voiding - did they just say it was a bad line or did they give another reason ?

If it was a bad line by mistake, then they still shouldnt be voiding after the game is complete - if it was actually a correct line at one point, but they failed to react to a large market move (assuming no pitching change) then they shouldnt be voiding at all as is their own fault for not paying attention !

[bigboydan]

A player bets TEX -125 at Book XYZ after market moves to -160/+150. TEX wins. The next afternoon, book cancels wager citing bad line.

Is book in the right?

If you wagered on this game at current market prices at the time you placed it then it should stand IMO, Mr.Ricky.

[Justin7]

What was the market price on Texas before the move? Was the market ever around -125?

[RickySteve]

Given that -125 is proven to be a clerical error, can they make any adjustment 24 hours later? If yes, can they void rather than pay "correct" price?

[Glitch]

freerolled.

im sure your book states in their rules that this cancellation was well-within their rights.

[Scorpion]

Was it legends?
I had Buffalo +6.5 at Legends week 1, it was deleted from my account when I checked my account after the game, no emails, if you want to delete the wager at least send me a ******* email

[isetcap]

Why are you talking about "past posted" bets? This thread has nothing to do with past posted bets. It has to do with a book not adjusting their lines fast enough

My apologies. I visualized this as being a live situation based on his description. From my own experience I have seen action take place in-game where one site does not adjust the line to the action. I classify that as past-posting but I can see where he might be describing something else.

Either way, isn't a past-posting situation one where the book does not adjust their lines fast enough? Would not the same logic apply? If -125 was a valid price prior to the market movement, then the book should honor the bet. If it was a pricing error to begin with then they are within their rights to cancel the bet prior to the start of action. If they wait until after the completion of the event then their business ethics should be considered questionable at best, unless of course the decision is in the player's favor.

[djefferis]

Why the reason for the price jump?

Pitching change? Then listed-totals-run line are no action, straight action at adjusted price

Slow linesman is book error, pay and warn the player.

[Glitch]

they (presumably) accidentally put a price that was lower than they meant to/ than was everywhere else. they let him play it, watched it win then canceled it.

[wrongturn]

Here are the choices book can take, ranging from the best to the worst:

1) Let bet stand and pay at booked price
2) Cancel bet and notify player ASAP before game starts
3) Find out error too late but pay at adjusted price
4) Let player choose from void bet or boot
5) Free-roll player

[HedgeHog]

Pay the player. Why the secrecy of the Book's name (SBR sponsor?)?

[Scooter]

Pay the bettor.

[RickySteve]

It's a credit book, no reason to post their name.

[RickySteve]

Here are the choices book can take, ranging from the best to the worst:

1) Let bet stand and pay at booked price
2) Cancel bet and notify player ASAP before game starts
3) Find out error too late but pay at adjusted price
4) Let player choose from void bet or boot
5) Free-roll player

Good post, ordering of 3 & 4 is debatable.

[sharpcircle]

They should either readjust to correct price after. Or refund money before.

This option is unacceptable

[Rod_M]

It's a credit book, no reason to post their name.

There's your reason...

[HedgeHog]

It's a credit book, no reason to post their name.

Assuming your efforts to correct this matter are exhausted, and unless you really like this Book (ie plenty of +EV opps), run up a negative balance up to your Texas bet and then say FY.


I guess there's a little Cory1111 in all of us.

[RickySteve]

My liaison won't allow such tactics for this particular shop.

[bigboydan]

It's a credit book, no reason to post their name.

Fair enough and I respect your answer Mr.Ricky.

[Frank]

It most likely wasn't noticed by the site and probably manually adjusted a day later by the agent.