Australian Masters Golf

sethlad

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#26
To be honest Im not much of a golf trader so Im not really sure,the in-play internet ban is definitely a factor though
Most other corporates dont have this market up in play either so its impossible to get a guide....hence my point about perhaps offering well overs to get it done.

seth
 

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Thread starter #33
I see Sportsbet has already paid out on a Tiger victory.

Seems they have pulled a very unoriginal Paddy Power stunt.

Not that i would be complaining if i was on.

Not the first time actually, they did pay out on I think Roger Federer to win the French Open final and numerous other events during the year. (when he didnt even win the tournament yet)

obviously a Public stunt
 

dr nick

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#34
Applies to all outright wagers placed before 5:30pm Fri 13th. :eek:



lmao. I wish i put my bet on with sportsbet ( I actually layed tiger on the friday when he was $1.60, now $1.38 and equal leader)
 

half_back_flank

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#36
I guess its just a publicity stunt, they would work out how much they might lose by paying out early compared to the free advertising it gives them.
Watching fox sports news, they didn't mention sportsbet, just said, "a betting agency." Sportsbet were probably hoping for a bit more than that i would have supposed.
 

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Thread starter #38
Heading into the final day at Kingston Heath

3 players tied at -10 in Woods, Chalmers and Nitties. Dufner and Percy together locked at -8

Tiger Woods 1.68
Dufner 7.60
Chalmers 8.00
Dufner 19.00
Cameron Percy 36.00

i got on percy at odds of 110.00 so will be riding that hoping he will continue his hot streak today
 

Jan Juc

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#39
I'd like to see this issue taken further as I'm not too sure it sits well with me in the current (wagering) environment we are in.

Sports Acumen (Alive) were the first in Australia to go down this publicity/marketing path years ago, when they paid out on the EPL winner at Christmas-time then had to pay out again when another team overtook the Xmas-time leader (I don't overly follow football/soccer so can't recall the teams in question). This worked for them in this instance as they were holding less than what most people earn in a week on that team.

Fast-forward to 2009/10, where there are court cases on race fields legislation, product fees, advertising etc. - Productivity Commission findings, the push for online/in-running availability etc. - wagering providers must be seen to providing and running the markets they bet on in an airtight and transparent way. No gimmicks. No scams, plots and ploys - just offer and run all markets with integrity and give all the do-gooders and naysayers no ammunition to base their campaigns and crusades on.

Sportsbet were also the mob that were ordered to take down a market during the Spring Carnival (clearly another gimmick/publicity stunt) offereing odds on the availaibility of Connex trains after the meetings - with options like "heat", ''drivers strike'', ''Connex will blame aliens'' etc. being the reason for any disruption. Regulators deemed that their licence was for sports and racing, and this fell outside that bracket.


So in six hours time, in the event Woods does not win, Sportsbet will get massive media coverage for paying out on Woods (early) as well as the eventual winner.

Nice airtime for them, job done - but have they monitored and managed the market correctly?
 
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Thread starter #41
not much movement in Tiger's price throughout the tournament to be honest.

Started tournament at 2.60

End of day 1, 1.65
End of Day 2, 1.25
End of Day 3, 1.80

And from there pretty much a 1.01 Train
 

2121

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#42
I'd like to see this issue taken further as I'm not too sure it sits well with me in the current (wagering) environment we are in.

Sports Acumen (Alive) were the first in Australia to go down this publicity/marketing path years ago, when they paid out on the EPL winner at Christmas-time then had to pay out again when another team overtook the Xmas-time leader (I don't overly follow football/soccer so can't recall the teams in question). This worked for them in this instance as they were holding less than what most people earn in a week on that team.

Fast-forward to 2009/10, where there are court cases on race fields legislation, product fees, advertising etc. - Productivity Commission findings, the push for online/in-running availability etc. - wagering providers must be seen to providing and running the markets they bet on in an airtight and transparent way. No gimmicks. No scams, plots and ploys - just offer and run all markets with integrity and give all the do-gooders and naysayers no ammunition to base their campaigns and crusades on.

Sportsbet were also the mob that were ordered to take down a market during the Spring Carnival (clearly another gimmick/publicity stunt) offereing odds on the availaibility of Connex trains after the meetings - with options like "heat", ''drivers strike'', ''Connex will blame aliens'' etc. being the reason for any disruption. Regulators deemed that their licence was for sports and racing, and this fell outside that bracket.


So in six hours time, in the event Woods does not win, Sportsbet will get massive media coverage for paying out on Woods (early) as well as the eventual winner.

Nice airtime for them, job done - but have they monitored and managed the market correctly?
Very well explained mate.
 

dr nick

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#43
well it turned out to be a completely free exercise for sportsbet.

PS: would you also see it as ... i dunno... a gimmick, or flouting with the laws a bit, if bookies started paying out for 2 results instead of just one? A lot of bookies for instance when there's a protest will pay out on the declared winner AND the first past the post. Also sometimes there's a lot of ambiguity about which result should be paid, so sometimes they pay out on both outcomes. Some bookies also paid out of an F1 winner for a result that was overturned a week or so later as an act of goodwill to their customers.
 

Jan Juc

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#44
Read is a big one for doing this - he's been trying to position himself as ''the punter's pal'' and looking after the punter. I can stomach this as in these instances, the event is run and won, payouts as normal, and then a further decision is made based on protests, drug findings, dumb luck etc. These extra payouts are on top of the actual result, and would be written off to some extent in the marketing budget.

The way I read the Tiger payout, it happened halfway through the event. Halfway. That still doesn't sit too well with me I'm afraid.
 

dr nick

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#45
tbh I can see where the trouble lies with offering odds on that Connex thing, in practical terms it was just a fun way of giving everyone a free $20 bet... but non-sporting markets run the risk of a select few in the know of what an outcome will be.

In regards that payout on Tiger, I don't mind it. As long as a bookie pays these things out in addition to the actual outcome i think it's all above board. It's also freeing up liquidity if you want to back tiger again (with your winnings). I notice betfair pay WELL in advance of correct weight too, but i'm not sure if they'd take those winnings back if there was a protest/incorrect weight because I havent yet been in that situation.
 
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