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SKyBet Odds Mistake In The HeadLines

Monday March 16,2015 : SKYBET ODDS ERROR HITS THE HEADLINES
 
Online bookie decides not to take the pain of its mistake.
 
UK online bookmaker Skybet has become the subject of negative publicity, presumably after aggrieved players approached the Daily Mail newspaper with complaints that the betting company was not honouring its advertised odds.
 
Over the weekend the newspaper published communications and online graphics substantiating its claim that Skybet briefly advertised odds of 25/1 for a Paris Saint- Germain win in its Champions League football match against Chelsea last Wednesday.
 
Skybet's mobile phone app was offering odds of 25-1 for a PSG win in extra time, but the company only settled the bets at 9-2.
 
Giving an example of the impact this had, the Mail claimed that winnings on a £10 wager would have been cut from £260 to £55, including the return of the original stake.
 
The newspaper reports that the bookie admitted the odds were offered in error, but that its decision to cut back the originally offered odds is permitted in these circumstances by its terms and conditions, to which all punters must agree before their bets are accepted.
 
"The longer odds were offered while Chelsea was leading 2-1 in extra time. But the French side equalised, despite being reduced to ten men, and won the two-legged clash on away goals," the Mail notes, alleging that winning punters were only told  via email after the match that the odds offered had been an administration error, and they would be paid out at a lower rate.
 
With an election looming in the UK, it was perhaps inevitable that the newspaper decided to solicit an opinion from a Labour MP, Graham Jones, who was predictably outraged and accused Skybet of being "a rip-off company willing to take their customers to the cleaners and deceive them. This is typical of the gambling industry."
 
Skybet m.d. Richard Flint confirmed that the original odds advertised were "clearly wrong" but pointed out that occasionally mistakes happen, and that the incorrect offer had only been displayed for around three minutes, with a relatively small number of punters taking advantage.
 
He said that Skybet's real odds were in line with other bookmaking firms at 9-2, which was the rate at which his company settled the bets.
 
It is not presently known whether any complaints were made to the UK Gambling Commission or the Advertising Standards Authority.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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