Fair enough Robert. But I wonder if there is any point in me hoping that bookmakers are allowed to operate in this country if I am to be eventually banned if I win. My whole intention to being a punter is to win and I would only ever use a bookmaker if I thought I could long-term. Are bookmakers therefore telling us that they aren't actually very good at setting markets ? The maths are already on their side in that long-term they should win if they set the market correctly. Peter.
Fords wrote: > > Peter, > > You could say it also unethical for bookmakers to take bets from > losing punters. > Bookmakers are mostly very honourable business men and go to great > lengths to ensure that payment is made out on any winning bets with > them. It is unethical (as on-course Australia) to force them to take > bets they do not wish to take. > > If the bookmaker accepts the punters' offer of a bet then that is > different from refusing to accept their custom at all. The former is > contractual (but even so, a bet is not legally enforceable to be paid > out in UK, at present). The latter is just commercial judgement - they > are not charities. There is no contract made for the latter - in fact, > the opposite applies. I wonder what the whingers would say if the shoe > was on the other foot, and the bookmaker claimed that he should be > able to force the punter to back what the bookmaker decided and at > what price and what amount. Bookmakers read these forums and I am sure > that certain names are now blackballed throughout the industry. Some > of these Aussies do not live in the real world. > > Robert > > ----- Original Message ----- > From: Peter Harrop > To: [EMAIL PROTECTED] > Sent: Wednesday, December 22, 2004 5:27 AM > Subject: Re: [racebase] Bookies eh! Who would have them. > > Fords wrote: > > > > Peter, > > > > What's new? > > This is a long-standing standard practice in UK. > > Thou shalt not win! > > In a free market, you decide what you want to bet - they > decide > > whether to accept or not. > > Don't get me wrong, I would love to see bookies here in NZ. > The more > competition the better, and it would offer better choices, > at least for > those that are losers. It just seems to me completely > unethical that > someone who was winning is banned. It is akin to an > insurance company > refusing your custom because you have had a run of bad luck > and you've > been making too many claims. Hang on .... they do ban those > people don't > they ! > I vaguely remember doing a uni paper on commercial law and > from this > vague memory I have an even vaguer one about a law of offer > and > acceptance. Somebody offers their goods for sale at a > certain price. > This is the offer. Someone picks up the said goods and takes > them to the > counter. This is the acceptance. At this point the contract > is made. The > seller can't then say ... 'Oh that price tag is wrong, it is > $1.20 not > $1'. The seller also can't say .... 'I don't like the look > of you, I > won't sell it to you'. I can't see why there should be any > difference > for the bookies. I guess it must be legal to refuse a bet > because they > do it and no one has successfully sued them as far as I am > aware. > Peter. > > Yahoo! Groups Sponsor > ADVERTISEMENT > [click here] > > > --------------------------------------------------------------- > Yahoo! Groups Links > > * To visit your group on the web, go to: > http://groups.yahoo.com/group/racebase/ > > * To unsubscribe from this group, send an email to: > [EMAIL PROTECTED] > > * Your use of Yahoo! Groups is subject to the Yahoo! > Terms of Service. ------------------------ Yahoo! Groups Sponsor --------------------~--> Make a clean sweep of pop-up ads. Yahoo! Companion Toolbar. Now with Pop-Up Blocker. Get it for free! http://us.click.yahoo.com/L5YrjA/eSIIAA/yQLSAA/9cOolB/TM --------------------------------------------------------------------~-> Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/racebase/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
