Sportsbet ordered to pay up to 5.500.000 EUR of unfairly canceled bets

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Author Topic: Sportsbet ordered to pay up to 5.500.000 EUR of unfairly canceled bets  (Read 1394 times)
arbusers
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I m wondering how many of our members are involved in this case.
Australian bookmaker Sportsbet is ordered to pay approximately 5.500.000 Euros of unfairly canceled bets.
This could only happen in a country with strong institutions like Australia.
The Northern Territory Racing Commission issued a ruling on a case involving Australian bookmaker Sportsbet and an unknown number of punters who placed their bets on whether any AFL player would have 40+ disposals, moving the ball legally to another player, during round 10 of the 2019 AFL season.
Sportsbet's odds made happy a number of bettors who, based on analysis, identified an easy chance for quick money. Obviously, Sportsbet's odds compiler made a major mistake. The bookmaker decided to cancel these bets before the first game of round 10, stressing its right to revoke wagers based on ''obvious or manifest errors''. This decision made bettor furious.
As a result, a number of players filed complaints with the local gaming regulator, NTRC.
It is not clear how many bettors are owed and how much, although estimates had around 2,000 gamblers owed as much as AU$9m (5.5 EUR m), media reports.
Sportsbet tweeted they will honor the decision and will credit the owed amount to all affected players.
I m wondering if any of the well-known alert services covered this event.
« Last Edit: November 01, 2019, 08:20:08 AM by arbusers » Logged
apoel81
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apoel81

Re: Sportsbet ordered to pay up to 5.500.000 EUR of unfairly canceled bets
« Reply #1 on: November 01, 2019, 09:59:58 AM »

Reality in Europe: Account locked, balance confiscated, IBAS and MGA rulled in bookie favour
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chrisgr1984
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Re: Sportsbet ordered to pay up to 5.500.000 EUR of unfairly canceled bets
« Reply #2 on: November 01, 2019, 02:58:37 PM »

When you are not using your own accounts , is normal to happen this in some cases. Its bit unfair to complaining when we all know the exact situation I think :) Better to say thanks God that you have at least 1 company that is paying in most of the cases  ;D
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