book refuses to cancel wager you just made by mistake, even though event is still several minutes away

turkoman1963 · Sep 3, 2003

How does everyone feel about this?

The bet in question was placed online by a book on the top of the page. It was made in error. I called a few a minutes ago and asked them politely if they could cancel the wager as I made a mistake. They said "no," "read our rules" "if we canceled every wager that was made by mistake, we wouldn't have any customers."

What is the downside in a book canceling a wager of a customer who puts in hundreds of plays a month? (Full disclosure: I did make a mistake several months ago and they granted me a "courtesy" of canceling the wager -- but they do not grant that courtesy "twice.")

By the way -- so there's NO confusion -- I called up several minutes BEFORE the event was to take place -- as I did several months ago. This is not a past-posting issue.

Dante · Sep 3, 2003

turko....im sure you did make a mistake but very RARELY will a book cancel a confirmed wager...its just the way it is man...bet the other side and just lose the VIG on it

ballsofblue · Sep 3, 2003

whats the game. it could be a winner

Chadster · Sep 3, 2003

The nerve of them not to cancel a wager that you confirmed.

Dante · Sep 3, 2003

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR>Originally posted by Jay Leno:
The nerve of them not to cancel a wager that you confirmed.<HR></BLOCKQUOTE>

Jay you are in Rare form tonight

TTinCO · Sep 3, 2003

One more reason why Olympis is "Olympic".

30 minute window if no line move

BuckNaked · Sep 3, 2003

where is my post?

Java · Sep 3, 2003

The problem with cancelling a wager, even a few minutes later, is that the line might have moved and a person could "claim" an error to get out of a bet he no longer wants.

Not saying that is the case here. Just pointing out why a book needs to have a strict policy.

PatrickMcIrish · Sep 3, 2003

It's a tough call and I can see both sides. When a book makes a mistake though some of the players scream and holler till the cows come home about accountability. When a player makes one it should be rectified immediately because "no one is perfect" according to these very same indivduals when the shoe is on the other foot.

To be fair Turk is a good guy and I don't know his position on book errors. I think for the most part it is a nice gesture if the books will cancel a wager for a player if he is not taking advantage of it. I can see doing it once or maybe even twice. What you get sometmes is players taking leads on a game who see the game go against them later, of course then they want off it if they can. Maybe they couldn't get down on the others side of a scalp or the line just moved against them and they can get a better price somewhere else. It's not like it's always a player making an honest mistake, it's also gamblers looking for an edge who try this tactic as well. It's players like these who ruin it for everyone else. I am sure it is irritating to call a book and be turned down flatly, I wouldn't like it myself but I understand why they do it sometimes.

BTW some shops in restrictive areas may actually have laws against it. Pretty sure I have read back when CanBet was in Australia they were not legally allowed to cancel wagers.

Chadster · Sep 3, 2003

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR>Originally posted by Java:
The problem with cancelling a wager, even a few minutes later, is that the line might have moved and a person could "claim" an error to get out of a bet he no longer wants.

Not saying that is the case here. Just pointing out why a book needs to have a strict policy.<HR></BLOCKQUOTE>

EXACTLY

TTinCO · Sep 3, 2003

It was a $25 play.....

He's given them hundreds of plays and even the manager won't reverse the play before the game?

What's the advertising cost per player, a couple hundred bucks? They should lose this one over $2.50. Make sense out of that one.

Chadster · Sep 3, 2003

If the manager won't then maybe it is something else and they don't have a relationship to make a call or a one time slide.

Or that it is a $25 wager.....

Chadster · Sep 3, 2003

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR>Originally posted by TTinCO:
It was a $25 play.....

He's given them hundreds of plays and even the manager won't reverse the play before the game?

What's the advertising cost per player, a couple hundred bucks? They should lose this one over $2.50. Make sense out of that one.<HR></BLOCKQUOTE>

Say its a big book and they cancell 100 plays at a loss of $2.50 a wack so that is $250.00 a day and $91,250.00 a year.

Yes thats a alot of $$$.

BuckNaked · Sep 3, 2003

two things

1) canbet can't legaly cancel bets? if you stupid enough to fall for the bullsh!t, i feel for you. darwin and centrebet will cancel them if you don't repeatedly ask for this. bet a bad line and see how quick the bet gets cancelled with canbet. the canbet deal has nothing do with australia law (they are actually licensed in the UK) and everything to with shareholder accountability. why do they lie? who knows, ask mikey tommeny. c@ocksucker.

2) where the f*ck is my first post in this thread god dammit. this is bullsh!t. is this a gambling site or the disney channel.

Dante · Sep 3, 2003

im checking to see if a MOD edited it buck.... what did it say

TTinCO · Sep 3, 2003

Horse play.....this confounds everything.

I'll withdraw my opinion since I'm not at all familiar with the rules of the online horse game.

PatrickMcIrish · Sep 3, 2003

I deleted the comment Dante, something about them being proud black men and how they needed to get back at Whitey. I can't even remember the rest, just did away with the nonsense.

Knock it off Buck Naked. Got it? Get back at Whitey another way....

entropy · Sep 3, 2003

the canbet deal has nothing do with australia law (they are actually licensed in the UK)

i don't know if they are licensed in the UK or not ( i would guess not ) but do believe they are in Aus.

Railbird · Sep 3, 2003

Turkman,

I read that it was a 25$ horsebet, does the track allow canceled wagers? I think horses is a lot diffrent than sports, because the odds are always changing in horses. Also keep climbing up ladder if you are a longstanding client, even if it lost already and a supervisor says no you can over his head and get 25$ credit. I assume the horse didnt win.

On a side note, maybe I was right that Boller was the best qb in country last year?

sickgambler · Sep 4, 2003

Talk about bullshit. If you are a good customer, who gives them good action, and doesn't make a habit of calling them regularly doing this, then no doubt about it, they should cancel it for you. It's only right. As long as there wasn't any line movement on that game, I don't see a problem here. You can't bet a game -140, line moves to -125, and then you call up and cancel the -140. If it was done within 5 minutes and no line movement on the game occured, then this book has NO excuse to cancel it. Don't believe that crap when they tell you they can't, or they tell you that they get 100 of them a day.. That is bullshit!!

And it is stupid to buy back the 25 on the other side and lose the juice of $2.50. That is a terrible decision. If anyone should ever end up in this situation, you should not buy back the other side and lose the $2.50. You should swallow the bet instead of buying back the other side. IOW, keep it. Don't give them the satisfaction. Here is why.. If you keep the 25 dollar bet, you only lose $1.10, rather than $2.50. The $1.10 constitutes the 4.5% hold against you on your 25 bucks, which ends up being a much better deal than swallowing the juice at $2.50. That's almost 2.5 times less vigorish you're paying here over the long haul by holding on to the bet. Don't ever give the book the easy way out. Let them pay the price for not cancelling it and make them sick to the stomach and have them regret that move for being jerks when it wins.. Don't ever give them the easy way out. These bastards should cancel that bet for you, especially if you are a loyal customer...