Wsex .... Unreal Shit

[SmokeyWins]

DOUG... I AGREE. BY THE RULES I AM SCREWED... BUT THEY ARE NOT RIGHT... HOW MANY PEOPLE BET WITH THEM THINNG THAT WHAT THEY SAY THEY WILL PAY IS TRUE BUT LOSE.....?????

HOW MANY PEOPLE HAVE HIT THE TRI IN THE DERBY WITH THEM AND NOT BEEN PAID??????????

I KNOW ONE,.... ME. IF I THOUGHT THEY WERE LIKE THIS I WOULD HAVE BET WITH MY CREDIT SHOP OR DRIVEN DOWN THE ROAD 30 MINS AND BET....

AND I GET NO OFFER OR A "LET'S WORK THIS OUT SO WE ARE BOTH HAPPY".....................

NO... THEY HANG THE PHONE UP ON ME.... THEN I CALL BACK AND GET A NICE GUY ON THE PHONE BY THE NAME OF "ALLEY".......
AND HE EVEN SAYS TO ME THAT IF IT WAS HIM HE WOULD BE UPSET ALSO AND HE WOULD HAVE READ IT THE SAME WAY...........

THIS WILL COST THEM WAAAAAAAY MORE THAN THIS 11,400.......

GOING TO BE SOME GREAT T-SHIRTS TO TAKE TO VEGAS FOR THE BASH............

WSEX.COM DOES NOT PAY AND ARE MISLEADING

 

[wsexsteve]

Smokey,

Please stop editing what we said. It said payouts are BASED on actual track odds BASED MEANS DERIVED FROM We never claimed to pay actual track odds on trifectas.

We have had these exact rules for 10 years. Everyday trifectas have been paid out the exact same way. Everyday some trifectas are reduced to a nax 300-1 payout. This is nothing new or misleading. BASED on actual track odds was added so people didn't think they would be paid the morning line on the program

 

[SportSavant]

Wil And Sports....

I Agree With Both Of You Last Comenets....

But On Thier Site It Says They Pays Actual Track Payouts...

What Does That Mean To You????

Simple....

steve told me that was put there to address a situation. You see when you are in the horse betting platform it shows the MORNING ODDS of all the horses, it used to happen that people would click on that horse & think they were getting the MORNING ODDS instead of the actual odds. WSEX was trying to warn people that 'Actual Track Odds' were used. Unfortunatly it was not very clear & was interpreted by you to be that they paid actual track odds on all types of bets,

Could WSEX have done better on their website? YES, CLEARLY....

Should they be liable for the bet? I dont think so, it has been their rule for 10 years & is the industry standard for 95% of bookies.... furthermore when you know the background, it would like telling a store owner because he has a 10$ sticker on a 1000$ item that he has to sell it for 10$ in a way.

 

[jwblue]

The casual horse player is not going to know about what book is or isn't apart of the parimutual pool. WSEX is screwing a guy on a technicality.

Exactly.

Guys this is simple. The wording at the top of the page was INCORRECT.

It says:

Payout based on actual track payouts

How would ANYONE not interpret that to mean they won't pay the odds on exotics?

HOW?

Someone explain to me.

The wording SHOULD HAVE BEEN something like.

Payout based on actual track payouts WITH MAXIMUM ODDS OF 100-1 (OR WHATEVER THE MAXIMUM IS)

This is absurd.



IS

 

[GreenDoberman]

All racebooks that have house-booked bets usually limit their liability by capping their payouts. This is commonly done in land-based books as well. In Vegas, most books will cap their house-booked bets as opposed to their parimutuel (that is the correct spelling, I've seen it wrong in every post) bets because of the dearth of betting into their pool versus the volume of the parimutuel pool.

You are basically paying out on prices that other people establish. In the parimutuel pools, everyone gets a cut and accepts the same risk (of which, there is ZERO risk because the pool takes a fixed percentage of the bets and pays back the rest.

Betting horses or dogs or any other pool that is not done parimutuelly is not doing your due diligence as just about every book I know of both land-based and offshore would put a limit on their liability.

Too many people are speaking here without knowing the facts of house-booked wagers vs. parimutuel wagers. If you know the difference, you will know that there is no argument here.

 

[EveryGamblersDream]

If you want to split hairs and only pay attention to the one statement then get it correct is says Based on actual Track Payouts. Did it ever dawn on you to you (a veteran of Offshore wagering) to check the actual payoff page - where is is cut a dry?



wil.

Oh man Wil I usually remember you being real objective but this post sounds like a PR move all the way. "Actual track payouts" on your main page for arguably the biggest betting event of the year in the sport, what do you expect & want people to think with a statement like that.

 

[charleslanger]

To my knowledge no online book 'ever' paid full uncapped track odds on exotics(or even for the first $2 only)...& I've been betting horses daily for decades. To hear that Bodog does is astounding(in light of some previous issues in sports + booting winners, etc.)-- I wonder who else besides does.....Yes, i realize they'd be dumping all into the pools.....

My condolences, Smokey.

 

[wilheim]

Just remember about books that have race $ payout limits that it does not take a lot for Derby type race to get to that limit real quickly when a monster gimmik gets the money. $100,000 goes quick at 10K a bet. Literally thousands of bets were made at a book like Pinnacle on the Derby so on this type of race the payout limit while apparently high is not really so/ Especially when talking about exactas or pick 3s and 4s.



wil..

 

[SmokeyWins]

<TABLE class=tborder id=post2847296 cellSpacing=0 cellPadding=6 width="100%" align=center border=0><TBODY><TR><TD class=thead style="FONT-WEIGHT: normal"><!-- / status icon and date --></TD><TD class=thead style="FONT-WEIGHT: normal" align=right> #80 </TD></TR><TR vAlign=top><TD class=alt2 width=175>EveryGamblersDream<SCRIPT type=text/javascript> vbmenu_register("postmenu_2847296", true); </SCRIPT>
RX SemiGod



Join Date: Sep 2004
Posts: 11,814


</TD><TD class=alt1 id=td_post_2847296><!-- icon and title -->

<HR style="COLOR: #fdde82" SIZE=1><!-- / icon and title --><!-- message -->I get your point however alot of people signup as new customers to bet on certain events. We have a site claiming actual track payouts on their main page for the KY Derby. The statement alone would make people think all wagers are included since they did nothing to show that exceptions existed.

WSEX you are in the wrong here. Pay the man & fix your damn website. I am so sick of sportsbooks & their bullshit fucking nonsense. Shit like this is why I only bet the horses through the OTB, at the track or online through outlets that take horses only ala TVG, WinTicket,etc.....
<!-- / message --></TD></TR><TR><TD class=alt2>

</TD><TD class=alt1 align=right><!-- controls --></TD></TR></TBODY></TABLE>

THANKS.... I CAN'T BELIEVE THERE IS ANYONE ARGUEING THIS......

 

[Doug]

actually smokey, you may not realize this, but many bookies have MAX PARLAY PAYOUT ODDS....

Bet365 for example which is an A+ bookie at SBR has max payout rules & if you make a parlay that pays more & you hit it you are SOL

quite true, many books ( even top books) have limits, some are like 100k, so if you play an 8 teamer with all +300 dogs, don't exceed that payout. Some software would allow you to place a bet that pays 3.6 Million, not likely it gets paid.

 

[EveryGamblersDream]

All racebooks that have house-booked bets usually limit their liability by capping their payouts. This is commonly done in land-based books as well. In Vegas, most books will cap their house-booked bets as opposed to their parimutuel (that is the correct spelling, I've seen it wrong in every post) bets because of the dearth of betting into their pool versus the volume of the parimutuel pool.

You are basically paying out on prices that other people establish. In the parimutuel pools, everyone gets a cut and accepts the same risk (of which, there is ZERO risk because the pool takes a fixed percentage of the bets and pays back the rest.

Betting horses or dogs or any other pool that is not done parimutuelly is not doing your due diligence as just about every book I know of both land-based and offshore would put a limit on their liability.

Too many people are speaking here without knowing the facts of house-booked wagers vs. parimutuel wagers. If you know the difference, you will know that there is no argument here.

I can careless about the spelling as I am too heated about this & isn't even m y money.

Once again you know very well big events usually draw out novice gamblers who want to take a shot at hitting it big. Do you really think most know anything about what you described?

Lets look at this in another way. The Derby last year had amazing payouts, I believe record setting in some cases. The payouts were so amazing, non sports media even made mention of it days after. This in turn drew in even more new bettors who couldn't wait until next year.

Now we enter sportsbooks who are competing for the wagering dollar especially new blood. They advertise on their main page for the big event

"Payouts based on actual track payouts."

Explain to me logically how one would not think they were getting paid full track payouts?

 

[SportSavant]

quite true, many books ( even top books) have limits, some are like 100k, so if you play an 8 teamer with all +300 dogs, don't exceed that payout. Some software would allow you to place a bet that pays 3.6 Million, not likely it gets paid.

EXACTLY!!!

& if you didnt read the rules, do you think the bookie would pay you? of course they woudnt.....

now here we have a sentence at the top that may have been misinterpreted, but that is not enough to lead to liability on WSEX's part

 

[SmokeyWins]

<TABLE class=tborder id=post2847293 cellSpacing=0 cellPadding=6 width="100%" align=center border=0><TBODY><TR><TD class=thead style="FONT-WEIGHT: normal">

05-07-2006, 02:11 AM <!-- / status icon and date --></TD><TD class=thead style="FONT-WEIGHT: normal" align=right> #79 </TD></TR><TR vAlign=top><TD class=alt2 width=175>wilheim<SCRIPT type=text/javascript> vbmenu_register("postmenu_2847293", true); </SCRIPT>
Head Mod



Join Date: Jul 2002
Location: Rx. dot com..
Posts: 35,492


</TD><TD class=alt1 id=td_post_2847293><!-- icon and title -->

Very few books pay exact full track odds -- examples
</TD></TR></TBODY></TABLE>


WITH ALL DUE RESPECT........

I DON'T GIVE A SHIT WHAT THE OTHER BOOKS DO ....

THIS ONE SAID IN PLAIN ENGLISH WITH A PERIOD AT THE END OF THE SENTENCE...


***********Payout based on actual track payouts **********
F Y I.... THE 'ACTUAL' TRACK PAID $11,400... THEY PAID ME $600.....

THEY LIED.. THEY KNOW IT.. EVERYONE WILL KNOW IT WHEN I AM DONE... OR THEY CAN SUE ME FOR SLANDER...
IT IS WHAT IT IS....

AND IT'S TIME SOMEONE TOOK A STAND....

 

[SportSavant]

smokey? are you aware that bookies limit parlay payouts? even though there software may let it go through which is deceiving?

 

[EveryGamblersDream]

EXACTLY!!!

& if you didnt read the rules, do you think the bookie would pay you? of course they woudnt.....

now here we have a sentence at the top that may have been misinterpreted, but that is not enough to lead to liability on WSEX's part

Are you serious? The statement stated:

"Payouts based on actual track payouts."

That is a HUGE statement to make especially towards the top of the page in plain view! This case is just another example of bullshit I & alot of others have noticed about books in the industry.

They are quick to take your money, screw you on a technicality but not quick enough to cover any possible loose end in verbage on their site. This step should be taken care of before you accept one penny in wagering money! If every possible scenario was covered in writing & in plain site, disputes would rarely happen.

 

[SmokeyWins]

SPORTS... ONE POST YOU AGREE WITH ME THAT IT IS MISLEADING AND I AM RIGHT. I THINK YOU WERE THE FIRST ONE TO COME TO MY AID. NOW AFTER TALKING WITH STEVE IT'S ALL BETTER AND IT'S MY FREAKING FAULT FOR NOT READING...

I READ THE PART THAT SAID, SO ALL US SUCKERS WOULD BET THE EXOTICS, WE WILL PAY YOU ACTUAL ********TRACK PAYOUTS******

AND THEN DAMN IT THEY DON'T.

HOW IN THE HELL CAN YOU TAKE THAT SIDE..

YOU AGREED WITH ME BUT KNOW THAT OTHERS DO THINGS THAT WAY IT'S OKKKKKK

AS LONG AS THEY KEEP THE ADS FLOWING AND TAKING "OUR" CASH IT'S OK... BUT IF IT WAS YOU THAT JUST GOT LIED TO YOU WOULD BE AS PISSED AS I AM... AND YOU KNOW IT​

 

[Doug]

Smokey: I understand why you are upset, but bottom line is you played a sucker bet that should have paid more, but the book's rules were there, you won't bring down WSEX. Unfortunate for all involved.

 

[SportSavant]

EGD? what if he had hit for 30 million?

are they liable for the 30 million? (even with that sentence)

 

[sammythesage]

AGAIN...re-read every gambler's dream...excellent comments...

they tried to suck in NEW blood....clearly a misleading headline...and got busted....

people are technically in the right all the time...(in this case wsex)...but clearly morally wrong...and lose lawsuits every year....

 

[jwblue]

EGD? what if he had hit for 30 million?

are they liable for the 30 million? (even with that sentence)

YES. THE WORDING WAS INCORRECT. IF SMOKEY COULD TAKE THESE GUYS TO COURT. HE WOULD WIN HANDS DOWN.


IS