Gambling duty changes GOV UK
You should be aware that the amount you can benefit from settlement at best odds is normally capped at around £1,000 (£50,000 for online). Well, bookmakers are still allowed to settle bets at the prices that should have been shown. What if a technical problem causes shop screens to display incorrect prices? All bookmakers operate under rules that allow them to settle bets at the correct odds. This means that you may have a bet accepted by the cashier, but still have it paid out at a different price. The exception is if you choose to bet at the starting price on horse and greyhound racing.
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Chrissi bets that Rory McIlroy will win the US Open, at 12/1, and that Rory McIlroy will win the Open Championship, at 10/1. Most bookmakers would settle this bet as either three single bets at £4 each, or as a online casino not on gamstop £12 single at the longest price of the three. These bets are clearly related, and aim to secure multiplied odds on what is basically a single bet. This means that your bet may still be accepted, even if it’s invalid – you aren’t, however, entitled to a pay-out if you’ve made an invalid bet.
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- Customers often find that their bets on overseas racing have been settled at shorter odds than expected.
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