Monday, May 07, 2007

Arsenal to win 2007/2008 Premiership - 16-1 Bet365

Bet365 are going a standout price of 16-1 on Arsenal to win the 2007/2008 Premiership. That is an insult. The correct price should probably be approx. 8-1. I tried to have 10 pts on this online, but the 'betmax' restriction was 30p. I suppoe it is quite an obscure market!

Anyhow, I rang them up and they have (generously) allowed be 1pt win on this at 16-1.

Update: After my attempt to put 10 pts @ 16-1, Bet365 have now cut the price to 12-1. Still a vaule bet, just not quite as good value. It is now clear that a £25 bet has this affect on one of the world's biggest betting markets. Bet365, you should be thorougly ashamed of yourself. Bet like men, not children!

Update 2: The price has now gone into 9-1 from the initial 16-1. What I really need is a bookie who is as incompetent as Bet365 AND will take a proper bet. How can a company like Bet365 get a basic market like this so wrong? And change their prices by nearly 100% in a morning? It is madness for them to have to restrict bets on this type of market - maybe they should give up.
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3 comments:

Anonymous said...

I'm not sure you're targetting your wrath in the right direction on this one Chris. It isn't headline news that bookies restrict bets from winning accounts. There is a skill in getting on, and it does take hard work. I don't think bitching about b365 is the way forward though. You know, and they know, that their business model requires them to make a profit to stay in business, and they do this by winning off their customers. If they didn't restrict winning accounts, they would have gone out of business years ago, and its not an improvement to have no bookies, rather than ones who will let you milk them for a while, and if you put in the effort, might be daft enough to let you milk them a bit more in the future.

dj sunset

2:26 pm
christrinder said...

Hi Ed, good to hear from you.

I'm just pissed off because I think their whole operation is amateurish. If I was in charge of odds compiling, I'd get rid of some of the market makers - 16-1 was poor piece of bookmaking...

Are you with my tip on Switzerland for the the Eurovision?

5:14 pm
Unknown said...

An interesting philosophical discussion. Betting firms and punters do not have a normal supplier/customer relationship. Normally, in the commercial world, both gain from the business relationship. But that does not apply to betting. The bookie's profit is directly related to the punter's losses.

Some bookies try to maintain good relations with punters, by for example allowing them to cancel/alter a bet that they have clicked on inadvertantly. I know that Mike Smithson of politicalbetting.com can bet for higher stakes than ordinary punters, in exchange for de facto 'marking their card'.

Bet365 is by far the poorest firm to use. I was cut down to £15 for an asian handicap football bet. And the whole point of asian handicap is...

What is a winning strategy? Agreed, whingeing is pointless. My feeling is that an informal network of punters helps, where we help each other get on.

7:23 pm

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