Posted by Rooster on April 19th , 2010 under AFL | 
Online bookmaker Sportsbet has paid out on Richmond to collect the wooden spoon after only four rounds.
With 18 rounds to go in the 2010 AFL Premiership Season, the bookie has paid out more than $100,000 to punters who backed Richmond to finish on the bottom of the ladder.
“Unfortunately for Richmond fans we think we’ll be paying out on the Tigers at the end of the season, so our punters may as well collect their cash now,” said Sportsbet’s Haydn Lane.
“There are 18 rounds to go so it’s a definite gamble.”
Richmond, who were paying as much as $5 in early Wooden Spoon markets, are now $1.25 favourites to take home the dreaded prize.
The payout applies to all bets placed before 12noon Monday 19th April. Read more of this article »
Posted by Rooster on April 7th , 2010 under Golf, Sports Betting News |
Leading online bookmaker Sportsbet will refund all bets placed on the outright winner of the 2010 US Masters if Tiger Woods wins.
“It’s fair to say Tiger’s preparation hasn’t been ideal and we’re happy to take him on this week, so much so that we’re prepared to refund bets on everyone else in the field if Tiger wins,” said Sportsbet’s Haydn Lane.
“Taking a stance against Tiger is normally folly for a bookmaker, but we see this as our chance to finally get one back on him.”
Sportsbet is also offering the best price available on Tiger to win the Masters, currently at $6, with some other bookmakers posting as little as $4 on a Tiger victory.
In novelty markets, Sportsbet is offering $3 on Tiger to score 16 or more birdies at Augusta, $15 on him leading from start to finish, and $41 on him re-entering the clinic during the tournament.
In November last year, Sportsbet paid out early on Tiger Woods to win the Australian Masters after two rounds when he was three strokes ahead. Woods faltered in the third round to share the lead with two others, before he shot clear on the final day to win the tournament. Read more of this article »
Tags: 2010 US Masters, Adam Scott, augusta, bookmaker, Early Payout, Ernie Els, geoff ogilvy, odds, Phil Mickleson, refund, Robert Allenby, sportsbet, tiger woods
Posted by Rooster on August 17th , 2009 under Sports Betting News |
Ireland’s largest bookmaker Paddy Power who are also owners of Australia’s Sportsbet made a massive decision on the weekend to pay all bets at the halfway mark of the US PGA for Tiger Woods to win the tournament. Woods was 4 shots in the lead at the time.
It can be a good business move as it increases the likelihood of punters betting their early winnings on other big events like round 1 of the English Premier League that started on the weekend. It also gives Paddy Power alot of good publicity with word going all around the world including right here on this blog in Australia!
Paddy Power said “Tiger is a dead certanty he just doesn’t lose from the front.”
“It’s cost us an arm and a leg but the way we see it is that we’ll be paying it out on Sunday night anyway so his backers may as well get their cash now and enjoy the rest of the weekend on us!” Read more of this article »
