I do not bet horses too much, but once in awhile I will call a couple horses into my local. We always go with what the closing number is in the race.
Over the weekend I called in the 3, 8, and 17 horse in the derby. 20 to win on all of them. I hit the 50-1 shot on the 8 horse. So I am thinking I won $1000 on the bet.
Call the local today and he tells me that locals like himself cap the odds off at 20-1. He says its what all locals do. Never heard of such a thing.
Have any of you heard of a local having a rule like this?
How would you handle the situation?
I would Collect what the local is willing to pay me, and then I would just not do anymore business with him.
If You are a good client of his he will call you in a couple weeks and ask why you are not playing anymore, at this point you can rip into him a little saying how unhappy you were with the way he handled your horse wager. Maybe then he will be willing to work with you more to settle on paying you in full.
But to be honest with you, I wouldnt want to do business with any local that is giving me a hard time over 1k. IMO Your better off going offshore with a book like Bet JM or somethin.
I can see a small to mid time local doing this if you cracked him like for 30k, but for 1k he really should not mind paying that out. His Rules on the horse action should have been stated up front if anything.