At least winning online casino bets get paid out

Not strictly Irish casino news but still of interest to Irish casino players who often also like other forms of gambling is the press surrounding the betting exchange firm Betfair who have apparently cancelled winning bets on an in play market on a horse race in Leopardstown; we know how difficult it is to find a winner but then to have your bet cancelled is a bit tough.  Our Irish casino news people report that the problem arose in the Christmas Hurdle event when a horse named Voler La Vedette was offered at 28 to 1 during a race in which it was already leading which would have cost one player millions of Euro. This type of betting exchange is supposed to offer better odds than at a traditional bookmaker by arranging bets between two individuals but most people will be aware and we have previously reported in our casino news that this type of betting exchange is often used by professional bookmakers using automated systems and indeed some would suggest it is only this type of system that would have picked up the anomaly in the in running betting of the race, however if at the end of the day you don’t get paid it is not satisfactory and we know where we would sooner be placing our wagers. The exchange in question is reported in the casino news as putting it down to a technical computer problem that allowed a player to exceed their exposure limit but others such as the William Hill Chief Executive is also in the casino news by questioning whether in fact that is the truth or whether the exchange is protecting a substantial customer who made a big mistake. With all the news about corruption in the sport it is not hard to believe that maybe the horse was supposed to fall at the last or similar making a huge profit for the layer and maybe the horse was having too much fun..