What Should Players Do When Odds Seem Too Good to be True?

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Sportsbook Review occasionally receives complaints from players regarding cancelled or changed bets. The players feel that all bets booked should be paid, like the popular old saying went in the sports betting industry. But to what extent does this protection apply? With the advent of in-play wagering and quite literally thousands of wagering markets, it’s not as black and white as it used to be back in the day.

A recent complaint was submitted by a player who wagered at the odds of 4.15 and had his bet adjusted to the correct market price of 1.56 more than an hour after the bet was made. The player felt outraged and that the sportsbook should have been on the hook to pay out his original bet at the mistaken price of 4.15 given that the rest of the market was so far off the sportsbook should be responsible for maintaining their price.

While many players can appreciate this sentiment, ultimately you book the bet and you pay the bet was not coined to protect price-traders or middlers who are looking to take advantage of a price that seems too generous. It is to protect genuine players who wagered market odds from having their bets cancelled simply because they are too quote unquote sharp for the bookmaker. Egregious errors are universally voided or adjusted to the market average, whether before or after an event has taken place, with wide discretion applied on the part of the sportsbook. Players who want to avoid being caught in the crossfire should pass on wagers with odds that seem too good to be true if the rest of the market disagrees.

Players can utilize free line monitoring services such as SBR Odds to track the industry’s odds on sporting events.

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