FOLD BETS ??

[Freo HeaveHo]

Does anyone have any knowledge on calculating returns on fold bets? I had 15 bets in a 7 fold on the footy on the weekend and all bets were successful but I'm having dramas with being paid out. After numerous phone calls none of the people were able to answer my questions and said it would be passed onto someone higher up. What avenue do I have to take it further if it can't be resolved ??

[mighty_tiger_79]

are fold bets like boxed allups with all selections in doubles trebles quaddies quintets etc????

[Freo HeaveHo]

I really don't know , I've tried to google it. And there are fold or accumulate bet calculators but they are UK ones. Basically it works in regard to footy. You can have a 4 fold where if all the games you select to win actually win but other but some lose ya can still get a payout. They somehow multiply into other beta. I found other forums with complex formulas and pyramid charts . I'd just let it go but when the bet was placed it come up with estimated return of over 1k and now the betting agency are avoiding questions and not following it up for me.

[mighty_tiger_79]

keep on there back?

i would print out a copy of the bet also in case it goes missing from your bet history

[Mr_Willy]

Who did you place your bet with??

If you had 15 bets, maybe you had 15 doubles?? Every combination of the 7 fold would be included in that....

Normally a 7 fold would mean that all 7 have to win....

Try this link - http://www.footie-bet.co.uk/begin.asp

[Trader]

You bet on something you didn't understand and now don't know why people haven't given you money? Right....

[Freo HeaveHo]

If you read what I was asking trader , which was how are they calculated. What I'm trying to investigate is how to work out what my correct collect figure is . I did bet on something I know .... Football .... And what I do know is when all bets win I get money .... That's fairly logical isn't it. All you need is the games that you have bet on to win and you will get a collect but the individual bets eg quarter time leader , first to x amount of points etc then multiply into the other bets . When I call them and they don't want to deal with the matter and can't explain to me how it works and when I put the bet on the estimated return was over four figures of course I'm going to try to find out more about it. They are more than happy to take your money when you lose !!!

[Westsider]

who did you bet with?

[Mr_Willy]

If you read what I was asking trader , which was how are they calculated. What I'm trying to investigate is how to work out what my correct collect figure is . I did bet on something I know .... Football .... And what I do know is when all bets win I get money .... That's fairly logical isn't it. All you need is the games that you have bet on to win and you will get a collect but the individual bets eg quarter time leader , first to x amount of points etc then multiply into the other bets . When I call them and they don't want to deal with the matter and can't explain to me how it works and when I put the bet on the estimated return was over four figures of course I'm going to try to find out more about it. They are more than happy to take your money when you lose !!!

Is this one of the footy combo bets??

If so they are not a multi bet..... Each line on the ticket is separate.....

Who did you put the bet on with?? What exactly was the bet?!?

[mighty_tiger_79]

what was the end result?
Get paid?

[Freo HeaveHo]

Still unresolved... It's been over a month. They said there IT department are looking into it. They have credited $100 free bet while it's getting sorted that I won't touch till it's resolved. They have said there's some fault in there system , but in my eyes a bets a bet. It's not like they accidentally over paid me. Whether there's a fault in the system or not that was the return dividend I was given when the bet was placed. I don't ask for my money back when I back a favorite and it loses cause it didn't run like a winner.

[mighty_tiger_79]

well i would be taking it further and out of their hands.

[Freo HeaveHo]

That's what I'm looking into at the moment, just not sure what's the best way to go about it. I had look last night trying to google and find an ombudsman that would be relevant to a matter like this

[BEEJAY]

Nick Xenephon although he is anti gambling he is the man to go to.

[Westsider]

Nick Xenephon although he is anti gambling he is the man to go to.

LOL are you serious

Nick will laugh at you. Off camera Xenedick is so far up himself it isn't funny.

[Dutchy]

That's what I'm looking into at the moment, just not sure what's the best way to go about it. I had look last night trying to google and find an ombudsman that would be relevant to a matter like this

Who is the bookie? You can then go to the state government that they are licensed with to lodge a complaint.

[Westsider]

I'm guessing it's an OS bookie

[stampy]

yeah! give us a ******* name hoey!