iovation2019.png
iovation2019.png
iovation2019.png
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2019 AffiliateCon
NEWS 8 November 2018

Ladbrokes could face IBAS action over "cancelled" bets

By Nathan Joyes

The Independent Betting Adjudication Service (IBAS) could force Ladbrokes to pay out on hundreds of bets which its trading team turned down.

According to reports, IBAS is looking specifically into three online cases where bets were referred to Ladbrokes traders to decide whether or not to accept them.

A high number of wagers, predominately on racing, are referred to traders in which they are often declined or re-offered, either reducing the odds or stake.

The three cases being investigated all received an official "bet number." This appeared to be an indication they had actually been accepted at some point by a trader.

It wasn’t until after the races had finished that each case was "cancelled."

If IBAS sides with the players, all customers of Ladbrokes who have faced similar issues in recent months when attempting to place a bet and been referred to a trader for approval could be entitled to a payout.

There is likely to be a cap on the amount issued to each customer, to prevent the operator being hit with a significant loss.

RELATED TAGS: Online | Sports Betting
DISCUSS THIS ARTICLE
IN-DEPTH 18 March 2019
No need for sports lotteries

Charles Gillespie, CEO of Gambling.com Group, argues that US states would be better off privatising sports betting markets

READ MORE
PREMIUM CONNECTIONS
VNE