Pinnacle Sports licence, PaddyPower, TheGreek disputes

[SBR Lou]

Pinnacle Sports licence, PaddyPower, TheGreek disputes

SBR newswoman Natalie provides a sportsbook industry news update. SBR analyst Justin joins the program to discuss his current dispute caseload. In today's video, topics include Pinnacle Sports license from the Alderney Gambling Control Commission (AGCC), the 10Bet sportsbook dispute closure, as well as items from TheGreek and Ladbrokes. | Read more

[skrtelfan]

how is that dispute with the greek even newsworthy? they resolved it within a matter of days, but it's on the sbr front page three different times.

[Justin7]

how is that dispute with the greek even newsworthy? they resolved it within a matter of days, but it's on the sbr front page three different times.

It is an example of how an A+ book handles things.

[brettels]

The rating for Betway(D-) is a bit generous. Anything blacklisted should not be higher than an F.

[JayZ]

Paddy Power appears to me to have graded the fastest qualifier for the Spanish GP correctly according to its own stated rules which disregard penalties and demotions. If they used the phrase 'pole position' though I guess there is argument for more ambiguity. I see for the next race the market is called "Overall Qualification Winner".

[Justin7]

Paddy Power appears to me to have graded the fastest qualifier for the Spanish GP correctly according to its own stated rules which disregard penalties and demotions. If they used the phrase 'pole position' though I guess there is argument for more ambiguity. I see for the next race the market is called "Overall Qualification Winner".

The wager wasn't for fastest qualifier, or even qualifier winner. It was for "Who will win Pole Position".

[JayZ]

Thing is, there is no difference between those market descriptions as in this case Hamilton was originally on pole through being the fastest qualifier, and was subsequently demoted. Now whether a good book might make some kind of an ex-gratia payment is another issue of course, especially if it appears they have chosen to reword their market descriptors subsequently.

The same issue arises if someone was disqualified after the podium presentation; all major UK books to my knowledge pay on the podium result whatever happens afterwards. There is an IBAS ruling on this for the 2008 Belgium Grand Prix where Hamilton was demoted from 1st to 3rd. I daresay there will be an IBAS ruling on this incident too in time.

[Justin7]

JayZ,

Do you have a link?

[Trident]

JayZ,

Do you have a link?

http://www.formula1.com/news/headlines/

[JayZ]

JayZ,

Do you have a link?

http://www.ibas-uk.com/adjudCase.php?adjudID=1 lists a few principles relating to F1 betting, and the rationale in the case of finishing positions using the podium result as 'this is to give a definite cut-off so that both they and their customers know the criteria for bet settlement.'

Incidentally double result is commonly paid out on bets on UK and Irish horse racing (ie first past the post result and result after stewards enquiry), but even then if the result is amended after the weigh-in it will be ignored.

[karthiga]

paddypower

Am also affected by this issue. Bet 1$ on maldonado at 250/1. They refused to pay me 251.

Selection	Selection Details	Result
1	Motor Racing F1 Spain Grand Prix Spanish GP 13th of May 2012 1:03 pm Pole Position P Maldonado @ 251.00	Lose

[karthiga]

Paddy Power appears to me to have graded the fastest qualifier for the Spanish GP correctly according to its own stated rules which disregard penalties and demotions. If they used the phrase 'pole position' though I guess there is argument for more ambiguity. I see for the next race the market is called "Overall Qualification Winner".

Yes you are spot on, for Monaco, they changed the market as "Overall Qualification Winner". But for "Pole Position" maldonado should be settled as winner. Atleast they should do double result

[JayZ]

I have little doubt that someone will have already taken this matter to IBAS, and that PP will in the end comply with whatever that body rules. Of course other people affected can also take this up with IBAS.

[vijays]

I have little doubt that someone will have already taken this matter to IBAS, and that PP will in the end comply with whatever that body rules. Of course other people affected can also take this up with IBAS.

Well am the 1 who raised this issue with SBR,.. Thanks a lot to SBR and Justin Finally I filed a complaint with IBAS now. lets see how this goes

[jjgold]

The pinnacle video will be good

[allin1]

like the video. looking forward for more

[Frogger]

Good video