You people give too much slack.

Let me preface this by saying that I do not bet on sports.

Im not sure on the specifics of the the whole BCN fiasco, but from what I understand is that someone fukced up a future line on their end by forgetting about it and a bettor took advantage of it. Thats a welch, I think we can all agree on that. But, I think it is ridiculous for anyone to assume that any mistake on the bookmakers part can not be taken advantage of. Say someone mistypes, and puts a line at 1000 to 1, rather than 10:1. This is a mistake, bettors should be able to take advantage of it, thats the nature of business. If the bookie is stupid enough to leave the line up, after even one bettor bets it, too bad. You fuck up, I take advantage of you. Period.
Another point, and this is along the lines of "would you play at a book that has typos on their web page".....is the fact that I would never play at a book that is in anyway flippant with anything that they put out there to bet on. Simple fact is, if my resume has a misspelling, I dont get hired. Screw me. You make a type on a website, you lose a lot of money. Screw you. Gamblers have a tough enough time trying to beat the house, why are so many willing to roll over?

Elmer T Lee, mistakes happen. Sportsbooks are a business. If they make an error on posting a line, example: 1000-1 when it should be 10-1. The books will void the wager and that is accepted by any sensible bettor. If you put an ad in the paper and you meant to put down $5000 and instead it says $50. Are you gonig to sell your car for $50?

Well, thats my point, I would never make a mistake like that, when it comes to business or money. From what I understand, the business of sports betting is bettors v bookies, who ever is least sharp, loses. I believe if they are lazy enough to not check everything in triplicate, they should honor their bets/mistakes or be boycotted.

I believe that a book run like this, that actually honored mistakes, would garner more in word of mouth advertisement than would cost them in a "bad line".

Elmer : WTF ? You don't bet, then you want parlay cards to be a bookie ?


A bad line will be cancelled, a CFB team +28 , that's suppossed to be -28 is bad, might hold up in an LV casino, maybe, but not offshore !

What if clerk puches up a million:1 instead of 10:1, and you have $100 risked... you ain't getting no 100 million... common sense takes over at some point...

100:1 ain't real bad when 25:1 was available on a future, it's just the best avaulable line. Canbet and others would honor it. 5D did !

A bad line will be cancelled, a CFB team +28 , that's suppossed to be -28 is bad, might hold up in an LV casino, maybe, but not offshore




Why?

My whole point is, this is a made market, if the people who make the market give the other side too much slack it is only going to get worse. You are also using ridiculous examples. No one, ever, would ever enter 1,000,000:1 instead of 100:1. Get real.

ElmerTLee said:

A bad line will be cancelled, a CFB team +28 , that's suppossed to be -28 is bad, might hold up in an LV casino, maybe, but not offshore




Why?

My whole point is, this is a made market, if the people who make the market give the other side too much slack it is only going to get worse. You are also using ridiculous examples. No one, ever, would ever enter 1,000,000:1 instead of 100:1. Get real.

Click to expand...

+28 vs. -28 is clearly a bad line, that's a 56 point swing, that's just a bad line, no question about it, very clearly a bet subject to cancelation .

+2/ -2 on football not nearly as black/ white.

You are not getting it. I realize that -28 when it should be +28 is a wrong line. But, why should we not be able to take advantage of it? If its on a site, exposed, we should be able to bet it. If a site doesnt track the amount wagered and is too slow to fix that line, exposing it to loss, they should chalk it up to lesson learned. In my opinion you people are justifying laziness and stupidity, which in my opinion is just not acceptable when you are trying to turn a profit.

Eventually, when I learn about handicapping, and finding value, I will start betting too, but for right now, Im not there. Just to clear that up.

Comparing a typo or spelling error on a resume with a typo on a sportsbook's website is not valid. You've had time to reread the resume and run spell checks on it. A book is often tasked with getting lines up quickly (think 2nd halves) and moving them rapidly. I don't think human error should be penalized here. However, I do think guidelines need to be established on what constitutes a bad line.

As for the BCN fiasco, that was not a bad line; it was a stale line. Big difference there. The Major seems to be ignoring this distinction and BCN's blatant lies about it being a typo.

book is often tasked with getting lines up quickly (think 2nd halves) and moving them rapidly. I don't think human error should be penalized here.




Is not the whole point of winning sports betting, determining human error and exploiting it?

Maybe its because of my poker background, but I make my living off other people's mistakes. I can determine how much I will make per hour by being able to quantify people's mistakes, but I just dont get why everyone doesn't get angry when a book try's to correct something post-bet.

Another counterpoint:

You invest 100,000$ in the market. Your broker mistypes into his computer 10,000. The stock triples, you lose a lot. Do you still go back to him?


You invest 100,000$ in the market, but you tell your guy he has to get that out the second you tell him. You call him, tell him to sell your shares, he sits on his hands for 8 hours. You lose a ton. Do you still go back to him?

ElmerTLee said:

You are not getting it. I realize that -28 when it should be +28 is a wrong line. But, why should we not be able to take advantage of it? If its on a site, exposed, we should be able to bet it. If a site doesnt track the amount wagered and is too slow to fix that line, exposing it to loss, they should chalk it up to lesson learned. In my opinion you people are justifying laziness and stupidity, which in my opinion is just not acceptable when you are trying to turn a profit.

Eventually, when I learn about handicapping, and finding value, I will start betting too, but for right now, Im not there. Just to clear that up.

Click to expand...

It's too blantantly wrong ! That qualifies as bad line rule, with ease. I can't define the point at which it become bad, but no-brainer on this one !

Books won't like you if you attempt to play
mistakes

Elmer: You're fucking with me ! Stop , it please ! :finger:


Once a Fudd, always a Fudd !:howdy:

DougJ said:

It's too blantantly wrong ! That qualifies as bad line rule, with ease. I can't define the point at which it become bad, but no-brainer on this one !

Books won't like you if you attempt to play
mistakes

Elmer: You're fucking with me ! Stop , it please ! :finger:

Click to expand...

Here, Ill make it more clear (and Im not fucking with you, this for my own good, so I can understand the bookie/bettor relationship better). I too agree it is blatanly wrong. But, who exactly arbitrated this bad line rule? Why can't this rule be changed to OUR advantage? Fact is, there is nothing to say it can not. We make the market, the demand if you will, not the books. What we determine as the rules should be the rules.

ElmerTLee said:

Here, Ill make it more clear (and Im not fucking with you, this for my own good, so I can understand the bookie/bettor relationship better). I too agree it is blatanly wrong. But, who exactly arbitrated this bad line rule? Why can't this rule be changed to OUR advantage? Fact is, there is nothing to say it can not. We make the market, the demand if you will, not the books. What we determine as the rules should be the rules.

Click to expand...

Bad line rule is particular to each book's own interpretation, it's arbitrated upon request thru so-called watch-dog sites, like this if chalenged... hopefully a reasonable comprimise can be agreed upon by the the involved parties. Reason hopefully prevails... I've never needed to go that far.

Elmer : You know this shit, and toy with me !

Good Night, Sir !

Elmer,

There is one concept that you're not grasping. These books are all offshore. They are not in the US so anything that you have as a reference as far as arbitration is null and void. If the book wants to cancel the bet it's canceled. Period. There are several sites that try to help out the players in situations like this with the RX being one of them. And generally if a book advertises at a site then they will listen to the site's owners or mods and if, I repeat if, they feel that they ( the book ) is in error they will settle in favor of the player. But this is a tenuous relationship at best. Why? Because there's not a f*cking thing you or any other player can do if the book doesn't want to 'do the right thing'. Since this is the case, these sites have to pick and choose their battles if they want to maintain this relationship ( and thus keep on receiving advertising revenues which is what allows these sites to exist ). Grandstanding about what is right or wrong won't accomplish anything. But to give you personally a better example, I would assume that you play offshore since you are a poker player. Let's say you are playing at PartyPoker and you wake up one morning and $500 is missing out of your account. After phone calls and letter writing fail to produce your missing funds what are you going to do? Go to the cops? Go to the attorney general? What? What recourse do you have? Not much except to appeal to a site like the Rx which might have a relationship with this site as an advertiser and hope that they can get it cleared up. I know this is an apples and oranges example but since you don't bet on sports I was trying to show you the nature of betting offshore. A blatently bad line is never going to be honored. Why not? Because they don't have to. Your example of poker players taking advantage of other player's mistakes doesn't apply here. And your concept of the player's setting the arbitrage standards doesn't fly either. I don't see a "gambler's union" in the near future due to the fact that gambling offshore can be prosecuted in some areas. But to give you a better example you might understand as a poker player, Harrah's and ESPN said that THEY, the sponsors, would determine what logo's and such would be worn at the final tables of the WSOP. Nevermind how much a player could make if they wore a site's logo. Failure to comply would result in a player not being allowed to sit at the table. Fair? Nope. But all 9 players complied. Why? Who could they appeal to? And under what precedent? And the WSOP is in the US, not Costa Rica, Jamaica or some other island nation.

Understand now?

If I went into the grocery store and saw a T-Bone steak mismarked at $.97 (instead of $9.70), I might try to buy it. If the checker said "this is a mistake, it's mis-marked," I wouldn't raise hell and demand to get it at that price. The steak was clearly mis-marked, and any "reasonable and prudent person" (legal jargon) could see that.

If you took the case to court, do you think a judge/jury would side with you that you should be able to take advantage of an honest yet OBVIOUS mistake?