Irish Sports Book Refunds All Pacquiao Bettors | TigerDroppings.com

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TigerTatorTots
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Mandeville, LA
Member since Jul 2009
67638 posts

Irish Sports Book Refunds All Pacquiao Bettors



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quote:

Calling it a “result that stunned the world,” Paddy Power—the largest bookmaker in Ireland—refunded all bets placed on Manny Pacquiao to beat Timothy Bradley after Saturday night’s controversial (and possibly corrupt) fight that had fellow bookmakers going on Twitter rants.







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EastBankTiger
LSU Fan
A little west of Hoover Dam
Member since Dec 2003
9587 posts

re: Irish Sports Book Refunds All Pacquiao Bettors


I'm sure that the Vegas casinos will follow that lead.





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Zamoro10
Member since Jul 2008
14718 posts

re: Irish Sports Book Refunds All Pacquiao Bettors


So how do they operate...vig and goodwill?

Did they refuse to pay out on Bradley?

You need to honor bets (good or bad) regardless of refs/umps/officials or judges.






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Buckeye Fan 19
Notre Dame Fan
Member since Dec 2007
35438 posts

re: Irish Sports Book Refunds All Pacquiao Bettors


Agree. As much as I like it in theory, you embark on a HUGE slippery slope when you start doing that.





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castorinho
Oklahoma Fan
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Member since Nov 2010
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re: Irish Sports Book Refunds All Pacquiao Bettors


Maybe, but they could still a few bettors from other bookies with this publicity stunt.





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BoardReader
Arkansas Fan
Arkansas
Member since Dec 2007
2534 posts

re: Irish Sports Book Refunds All Pacquiao Bettors


quote:

So how do they operate...vig and goodwill?


Paddy Power is a really well-run business; when I lived in the Republic, I'd do my gambling with their establishments.

Domestically, they do limited advertising and do pretty well-- but the genius of the operation is how they handle international betting. You see, they don't spend a cent outside of the island on advertising-- but they do things like this, that generate free media publicity and act as effective advertising-- so they save what would be a big outlay by being outlandish. Keep in mind that the losses they're incurring on this are going to be offset by the ongoing Euro soccer competition, and they're going to come out well ahead for their troubles.






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TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
23208 posts

re: Irish Sports Book Refunds All Pacquiao Bettors


quote:

Agree. As much as I like it in theory, you embark on a HUGE slippery slope when you start doing that.


No smart move, they paid their bets and the refunded money on a bull shite decision. They did the math, whatever the lost, they made up for in advertising. If a LSU messageboard in discussing this on a Sunday nite, it will hit Yahoo, CNN, SI or some other website within the next few days. Free pup and goodwill and gave Vegas the finger.






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sgallo3
USA Fan
Dorne
Member since Sep 2008
15762 posts

re: Irish Sports Book Refunds All Pacquiao Bettors


quote:

No smart move, they paid their bets and the refunded money on a bull shite decision. They did the math, whatever the lost, they made up for in advertising. If a LSU messageboard in discussing this on a Sunday nite, it will hit Yahoo, CNN, SI or some other website within the next few days. Free pup and goodwill and gave Vegas the finger.



exactly, its always funny when people dont have the business sense to realize why a move like this works






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tigerpimpbot
LA-Monroe Fan
The 561
Member since Nov 2011
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re: Irish Sports Book Refunds All Pacquiao Bettors


Good PR with little downside.





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RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
93307 posts

re: Irish Sports Book Refunds All Pacquiao Bettors


quote:

Agree. As much as I like it in theory, you embark on a HUGE slippery slope when you start doing that.



Unless it's a preemptive strike and they know something that will be coming out soon.






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Mephistopheles
LSU Fan
Fort Worth
Member since Aug 2007
2850 posts

re: Irish Sports Book Refunds All Pacquiao Bettors


quote:

Did they refuse to pay out on Bradley?


They will pay out the wins as well. Most of the money will go straight back on sports betting, plus the publicity, they're not really losing much here. I expect all the major bookmakers in the UK will follow suit now.



This post was edited on 6/11 at 12:12 am


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