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Originally Posted by SootedPowa
Ultimately if Timex/PokerShares want to just void the bet because they dont like it after its been placed then OK I guess they can do that. It's a scummy rule because where does it stop? Every time someone makes a smart bet they can cry mistake and void it after? That's not being a bookmaker, that's only taking advantage of idiots that bet poor lines. This is what the vast majority of books do though.
I think this is a bit of a misconception about bookmaking - bookmaking basically works like this, Man Utd +0.5 vs Man City -0.5 is a straight even money shot, the Bookies give you 1.94 either side and you get to pick your side and sweat the football. The ultimate goal for them is everyone bets both sides they make the juice and a load of customers have a good day watching the footy and some win, some lose.
If the bookies were making their money by Offering "Man Utd to be winning the Game" market 2.25 then not paying people after Man Utd win because they were 1-0 down at one point (thus tricking people into making a bet they thought was good by vaguely describing the bet) then I'd agree with you, suck it up and pay when you word a market badly. This mistakes can only ever really be against them too.
This being said its in every TOS of every bookie they don't have to honour bets in these spots, I've had 200 examples + in my life of not being paid in spots where there was obvious errors so in TC decided to go to court he would be drawing stone dead, so how we all interpret it is irrelevant.
One thing I would also say in PokerShares defence, they are the only ones pricing up these markets, putting up pretty fair spreads and taking decent action, lot easier pricing up a soccer game 200 other bookies have with a betfair/pin market behind it. Credit where credits due it's pretty fair bookmaking imo, I wouldn't be standing those bets.