Can anyone tell me ? I just saw that Betfred paid out on Man U winning the title in April when they were 8 points clear. Why ? They lost £500,000, idiots
It's good publicity. If you pay out early 20 times and 19 out of 20 it costs you nothing then it's cheap advertising. Betfred or whoever it was won't be losing a lot of sleep over it.
Spot on - publicity. It also encourages people to bet with them next year because if you back Utd and they go 8 points clear next march there's every chnace you'll get paid out even if they blow up again. Certainly the 2nd time Fred Done has paid out early on Utd winning the league when they've got pipped on the line....
Selection Selection Details Result 1 Scottish Celtic v Hearts Match betting 2012-05-13 12:30:00 Celtic @ 4/11 Win 2 Portuguese Sporting Lisbon v Braga Match betting 2012-05-12 21:15:00 Sporting Lisbon @ evens Win 3 Spanish Real Sociedad v Valencia Match betting 2012-05-12 19:00:00 Real Sociedad @ 9/5 Win 4 German Borussia Dortmund v Bayern Munich Match betting 2012-05-12 19:00:00 Borussia Dortmund @ 9/5 Win 5 Portuguese Vitoria Setubal v Benfica Match betting 2012-05-12 18:30:00 Benfica @ 1/3 Win 6 English Crewe v Southend Match betting 2012-05-12 17:30:00 Crewe @ 7/5 Win 7 English MK Dons v Huddersfield Match betting 2012-05-12 12:30:00 Huddersfield @ 9/4 Win 8 Portuguese Rio Ave v Porto Match betting 2012-05-12 18:30:00 Porto @ 4/9 Win 9 Spanish Real Betis v Barcelona Match betting 2012-05-12 21:00:00 Real Betis @ 15/2 Lose Channel Internet Bet Placed At 12/05/2012 Bet Type Accumulator (9) Stake Per Line £10.00 Number Of Lines 1 Total Stake Paid £10.00 Total Tax @0.00% (Stake) £0.00 Winning lines 0 Losing lines 1 Void Lines 0 Returns £0.00 see!