Gibraltar Based Betfred Online Betting Refuses Payout of £823,000

Published Monday, July 04, 2011 -

According to a recent article in the U.K’s Telegraph Ralph Topping, the William Hill CEO, said the new owner of the Tote was setting a "poor example." This comment stems from a dispute over Gibraltar-based online wing, not paying out on a series of legal bets placed by five gamblers who placed bets showing profits of £823,000. The new owner is refusing to pay out on these wagers after a £4m gambling coup last year by trainer Barney Curley.

Mr. Topping reports in his blog, the case was "not reflecting well on some elements of the betting industry at the moment".
The non conforming Mr. Done the new owner of the Tote has payed out bets placed and won by the U.K. patrons of its 840 betting shops but has declared those punts made by these five individuals to be null and void.
Four of the five individuals are related to Mr. Curley, who at seventy years old has a track record in outsmarting the bookies with gambles on horses trained at his small Newmarket yard. Done is refusing to pay after Curley masterminded an ambitious gamble on four horses in May of last year.

Mr. Topping continues with his opinion, "Whatever the moral arguments are about Curley's approach, the fact is these were legal bets and should be paid out. There was no cheating. The British Horseracing Authority has ruled horses ran according to official rating. There was no reason to disqualify the runners and so no reason not to pay out." Topping added to the Telegraph report, "The idea that a licensed bookmaker could consider treating high street and online UK customers differently isn't just a slippery slope, it's positively precipitous."
Betfred is said to be waiting for the findings of an inquiry by Gibraltar's betting Regulator and Authority before making any statement.




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