Australian Bookie Pays Out on Cox Plate Before it Even Happens

[robfla]

Originally Posted by justindew

I did. It referenced one guy's bet. And it was the author of the article who stated that the guy gets to collect $77,000. Until I see a quote from a bettor or the website stating that they pay out on full odds, I'm calling BS.

that is full odds!!! - NO BS

Those are the odds when he placed the bet. Some people, I'm sure, have different odds ( like any future bet ) and will get paid according to the odds they bet at.

[hockey2315]

I think it's pretty ingenious. Obviously these guys aren't stupid. . . they've done the math. It's good advertising and they also probably want to free up that $250,000 so it can be wagered again.

[jms62]

Originally Posted by hockey2315

I think it's pretty ingenious. Obviously these guys aren't stupid. . . they've done the math. It's good advertising and they also probably want to free up that $250,000 so it can be wagered again.

Really is genius. How many of those folks that got 11-1 are going to plow it all back on the can't miss at 1.5 to 1? And we know there are no can't misses.