Sportingbet screwed up, take advantage quick

[jimmyclean]

The UFC 125 event on New Years Day.

Jacob Volkmann vs Antonio McKee

Practically everywhere McKee is a massive favourite (1.35-1.45), but atm he is 2.95 on Sportingbet, I suspect they screwed up and have it backwards.

Either way you can easily hedge for a nice profit if you hit up another sportsbook for odds on Volkmann.

I already got 2.95 on McKee and 2.72 on Volkmann through Betfair.

 

[Melo]

Cheers just put 10* on that and hedge on 5dimes

 

[Nothing]

Cheers, let's hope it doesn't get canned. Small nibble too.

 

[Barnzy]

Cheers.

They often muck things up like this. Basketball lines wrong way around, etc.

 

[GoodesStuff]

Thanks.

On as well

 

[puntnut]

Volkman @ $3 on bet365

Cheers jimmy.

 

[Ron]

argh, hopped onto sportingbet loaded it up and put my bet in and hit confirm, and it comes up as event suspended. Guess they caught on

 

[The Royal Sampler]

Try again Ron, I just got on McKee @ $2.95 no problem. Now going to hedge elsewhere.

Thanks Jimmyclean!

EDIT: Took Volkmann @ $3.00 on bet365 for a full hedge, but will win considerably more if McKee wins.

 

[Borgsta]

I'm going to wait to take Volkmann, slight chance that sporting cancel the bet.

market has been removed btw

 

[The Royal Sampler]

This is one instance where I fail to see how they can void bets. Their mistake was neither manifest nor obvious. The market was not less than 100% and the correct participants were listed and will likely compete as normal.

Be aware though that if hedging on bet365 they have a $400 max bet on this market, and while they may allow you more after your bet is referred to a "trader", there are no guarantees. I was lucky to get a full hedge by getting a larger bet accepted on Volkmann @ $3 there.

 

[Barnzy]

I'm going to wait to take Volkmann, slight chance that sporting cancel the bet.

market has been removed btw

Of the 4 or 5 times I've taken advantage of wrongly posted markets on Sportingbet, they have paid out every single time.

 

[twarby]

sporting will pay it out

theres even a chance they refund if it loses lol

 

[Selective Retention]

When the corporates do void them do they do it before the event has taken place?

They could have some massive multi liability rolled into Volkmann and put the odds up that way deliberately. Then Volkmann gets done and they could cancel the McKee bets saying it was a mistake!

 

[Glenferrie Oval]

Of the 4 or 5 times I've taken advantage of wrongly posted markets on Sportingbet, they have paid out every single time.

Nice 1 folks, hope it all works out well.
Is there a program / website that could alert punters to this sort of thing (in a two horse race)? I.e. 7 out of 8 punting sites have one 'horse' at low odds but the final website has it the other way round?
The program could use the spreadsheets from existing comparision websites (like Punters Paradise).

Also, when could you please give me a (quick) example of hedging using the odds from this muck up.

Thanks!

 

[twarby]

chose a terrible thread title

 

[Donkson]

Also, when could you please give me a (quick) example of hedging using the odds from this muck up.

If you have a h2h sport and the average odds across the market is something like 1.35 - 2.8, and one book put the odds the wrong way around. You get to take 2.8 on each side of the bet. So you lock in a profit of about 30% without risk.

 

[RLF_]

......

 

[jimmyclean]

chose a terrible thread title

What would you have preferred I call it?

They will pay out. If they were not going to pay out and refund they would put the market back up but they won't so we can't hedge on Sportingbet.

The market is back up, so it looks like you can hedge on sportingbet. My bets are all still pending.

Volkmann is at 2.95
McKee is at 1.38

Edit: I suspect their liability isn't very high for them to bring the markets back. MMA isn't heavily bet on in Australia and the market for the preliminary fights (of which McKee vs Volkmann is part of) only came up at best 12 hours before I posted.

 

[asanque]

Thanks for the tip

 

[puntnut]

Jacob Volkmann def. Antonio McKee by Split Decision

sporting will pay it out

theres even a chance they refund if it loses lol

I hope this is the case.

 

[twarby]

What would you have preferred I call it?

um i dunno, maybe something that didnt make it so obvious to sportingbet

lol if anyone hedged on sportingbet

 

[The Royal Sampler]

Spewing Volkmann won, it meant a $200 profit instead of a $1,200 profit.

Still, better than nothing by a long way. And Sportingbet have the last laugh.

 

[jimmyclean]

um i dunno, maybe something that didnt make it so obvious to sportingbet

Heh you think they read the forums?

I'd imagine they realised the problem due to a higher than normal amounts of bets on that fight.

 

[Borgsta]

you think they don't have someone checking out forums???? seriously?

 

[jimmyclean]

you think they don't have someone checking out forums???? seriously?

Hard to tell if this is sarcasm.

I am sure they check forums occasionally, but do I think the diligently check every public punting forum in Australia? Not a chance, most especially on NYE.

My thoughts were, Sportingbet are probably likely to pick up on this fairly soon as I had already told a couple of people, and I was hoping to get the word out to a few of the people on this board who have been so helpful to me.

Not so sure I would do the same thing again.