The v2 Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.
The v2 Forum

The forum for all serious sport fans; from football to cricket, rugby to golf, boxing to tennis, motorsport to darts; debate the big sporting and non-sporting issues here.


Bookmakers paying out early.

+3
Il Gialloblu
Soldier_Of_Fortune
lorus59
7 posters

The v2 Forum :: Sport :: Football :: Premier League

Go down

Bookmakers paying out early. Empty Bookmakers paying out early.

Post by lorus59 Tue 12 Feb 2013, 2:48 pm

I see that some bookmakers are paying out early on bets on Man U to win the PL. Why do they do this? Surely they could get burned if something happens. Why take the risk? Can they gain from this action?

lorus59

Posts : 997
Join date : 2011-07-14
Location : Thailand

Back to top Go down

Bookmakers paying out early. Empty Re: Bookmakers paying out early.

Post by Soldier_Of_Fortune Tue 12 Feb 2013, 2:51 pm

lorus59 wrote:I see that some bookmakers are paying out early on bets on Man U to win the PL. Why do they do this? Surely they could get burned if something happens. Why take the risk? Can they gain from this action?

Publicity? Bookmakers have done it the past and have had there fingers burnt. Not sure who but I know at least one paid out on Manure winning the Prem in 97/98 and Arsenal ended up piping them.

Soldier_Of_Fortune

Posts : 4420
Join date : 2011-03-14
Location : Liverpool JFT96 YNWA

Back to top Go down

Bookmakers paying out early. Empty Re: Bookmakers paying out early.

Post by Il Gialloblu Tue 12 Feb 2013, 2:57 pm

I was thinking about this earlier, wondering what they have to gain from it.

Publicity, for sure aye. Maybe they hope that by paying out early the punters will re-invest the winnings on other, losing bets. Apart from that, I don't know.
Il Gialloblu
Il Gialloblu

Posts : 1759
Join date : 2011-04-30

Back to top Go down

Bookmakers paying out early. Empty Re: Bookmakers paying out early.

Post by Ent Tue 12 Feb 2013, 5:36 pm

It also stops them taking new bets I believe.

Ent

Posts : 7337
Join date : 2011-05-02

Back to top Go down

Bookmakers paying out early. Empty Re: Bookmakers paying out early.

Post by GSC Tue 12 Feb 2013, 5:41 pm

They can just close betting rather than payout. Simply a mechanism to make them rebet their money
GSC
GSC

Posts : 43487
Join date : 2011-03-28
Age : 32
Location : Leicester

Back to top Go down

Bookmakers paying out early. Empty Re: Bookmakers paying out early.

Post by Whistler Fri 15 Feb 2013, 8:09 pm

Publicity all round that's for sure! Although to be honest, I don't think it's much of a risk, even with the PL'a unpredictable nature!

Whistler

Posts : 20
Join date : 2013-02-15
Location : Glasgow, Scotland

Back to top Go down

Bookmakers paying out early. Empty Re: Bookmakers paying out early.

Post by Guest Fri 22 Feb 2013, 5:46 pm

Paddy Power once paid out on Stoke being relegated after losing their FIRST GAME against Bolton in 2007. We all know how that one worked out.

Like Soldier says its publicity and attracts potential new customers.

It was BetFred that paid out on Utd in 98. These pay outs are a drop in the ocean to an industry bookmaker even if they do go wrong.

Guest
Guest


Back to top Go down

Bookmakers paying out early. Empty Re: Bookmakers paying out early.

Post by mystiroakey Sun 24 Feb 2013, 10:21 am

Yes its free marketing..

(well gamble marketing)

even if they pay out on another winner as well- they look at the cost of that compred to the affect gained now..

and the chances are they wont pay out again

mystiroakey

Posts : 32472
Join date : 2011-03-06
Age : 47
Location : surrey

Back to top Go down

Bookmakers paying out early. Empty Re: Bookmakers paying out early.

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top

- Similar topics

The v2 Forum :: Sport :: Football :: Premier League

 
Permissions in this forum:
You cannot reply to topics in this forum