Is it ethical for a book to deny all bets on one side of a game at the same time as they take bets on the other side of the game?
Is this ethical?
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RonPaul2008SBR Hall of Famer
- 06-08-07
- 6741
#1Is this ethical?Tags: None -
JohnAnthonySBR Hall of Famer
- 04-30-09
- 5110
#2I'm not expert on this but here's my take:
The book is basically giving you odds of 1.00 (if you bet (theoretically), you will only get your money back) on the side it's not taking bets on, and regular juiced odds on the side they're willing to take bets on. It's weird for sure, I don't know it has anything to do with ethics but standards."I have never seen a wild thing feel sorry for itself. A little bird will fall dead, frozen from a bough, without ever having felt sorry for itself."
- D.H. LawrenceComment -
djefferisSBR MVP
- 08-16-08
- 1187
#3Absolutely.
Is it ethical for a book to shade a line to one side by an extra point?Comment -
in play, run(s)SBR Sharp
- 06-10-09
- 270
#4Of course, they're not obliged to accept a bet if they don't want toComment -
djefferisSBR MVP
- 08-16-08
- 1187
#5Is it ethical to pound a book whose lines favor the dog (ie SIA or Bodog), gaining a point or 2 advantage over traditional shops ?
There are no ethics in this game, just sharps and losers. Get sharp or prepare to lose.Comment -
lukahhSBR Wise Guy
- 04-08-10
- 941
#6i see no ethics problem if they only take bets on one side.
did this ever happen at all? my guess is only for a short time while book is balancing its exposure. if book wants to bet itself on one outcome, it has more profitable options than denyin one side of bets.Comment -
Justin7SBR Hall of Famer
- 07-31-06
- 8577
#7Unethical. The practice is illegal in Las Vegas, but gaming commission almost never enforces it.Comment -
ManiacSBR Wise Guy
- 04-12-11
- 667
#8Possible it could be a mistake or a temporary thing if it is an online book. Virtually every online book will have limits in place to protect its exposure, and if this limit is reached or even breached (say if there was a high payout parlay with its final leg on one of the teams), then the system shouldnt be able to accept any more bets on that side, until either:
a) A sufficient amount of stakes are taken on the other side, therefore balancing the book a little bit and bringing the exposure back under the limit set. or
b) The limits are manually raised by the linesmaker/manager as a result of being maxed out/breached to accomodate more bets on that side.
Of course the book could have just decided that enough is enough and that they dont want any more business on that side...but in my opinion that is a pussy move and that any book worth its salt wouldnt do this on purpose...Comment -
Hareeba!BARRELED IN @ SBR!
- 07-01-06
- 36942
#9
If the book doesn't want to lay one side it simply has only to put up odds which are so unattractive/uncompetitive that they won't get any action on it and thus easily circumvent what is presumably the object of the law?Comment -
Justin7SBR Hall of Famer
- 07-31-06
- 8577
#10
If a book shows a 20-cent line (hell, why not use a 5-cent line?) and rejects all bets on one side, it is committing fraud. It is saying "We deal a 20 cent line" when it doesn't -- it is dealing a line that has potentially infinite overage.Comment -
Hareeba!BARRELED IN @ SBR!
- 07-01-06
- 36942
#11And that is fair. And if a book does this with a 20 cent line, one side will look very good. Or it can use a 30-cent line (or higher), and appear for what it is.
If a book shows a 20-cent line (hell, why not use a 5-cent line?) and rejects all bets on one side, it is committing fraud. It is saying "We deal a 20 cent line" when it doesn't -- it is dealing a line that has potentially infinite overage.Comment -
ehp6737SBR MVP
- 12-11-08
- 4185
#12And that is fair. And if a book does this with a 20 cent line, one side will look very good. Or it can use a 30-cent line (or higher), and appear for what it is.
If a book shows a 20-cent line (hell, why not use a 5-cent line?) and rejects all bets on one side, it is committing fraud. It is saying "We deal a 20 cent line" when it doesn't -- it is dealing a line that has potentially infinite overage.
True, but I didnt interpret the OP's question in the context of taking action on both sides with an abnormal line then cancelling one side of the bets. I took it in the context of the book just refusing to even offer action on one side. If that's the case I dont see it as unethical, but it would be a bad business model.Comment -
RonPaul2008SBR Hall of Famer
- 06-08-07
- 6741
#13True, but I didnt interpret the OP's question in the context of taking action on both sides with an abnormal line then cancelling one side of the bets. I took it in the context of the book just refusing to even offer action on one side. If that's the case I dont see it as unethical, but it would be a bad business model.Comment -
CityCowboySBR Hustler
- 11-19-11
- 56
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ehp6737SBR MVP
- 12-11-08
- 4185
#15
Out of curiosity, what response do you get when you try to place the wager? And have you tried calling the book to get an explanation?Comment -
lukahhSBR Wise Guy
- 04-08-10
- 941
#16i find this practice weird.
wouldn't it be extremely easy for a book to deal a line, say. 5-10% or more below Betfair going rate? Then they could hedge any amount of action they receive with nice profit.Comment -
AlwaysDrawingSBR Wise Guy
- 11-20-09
- 657
#17This is CLEARLY unethical. I would never play with a shop that denies action on one side of a line. Books must allow action on both sides.
This is the only way to keep a bookmaker honest. If you deal the Ravens -14.5 against the Texans next week (when market is -7.5), but only accept action on one side, you're ripping people off. Sure, people don't have to bet with you, but that doesn't mean it's ethical.Comment -
RickySteveRestricted User
- 01-31-06
- 3415
#18To display NE -17 / DEN +17 and refuse all bets on DEN is unethical.
To display NE -17 / DEN OTB is not unethical.Comment
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