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.

TAGS:

Share This Post


NEWS SPONSOR

More News

The UK gambling industry will continue to feel the pinch of lockdown as the Government on Thursday denied casino owners a July reopening, with no notice as to future easing orders. The...




As Tim Poole approaches two years at Gambling Insider, he reflects on how the gaming sector has continually adapted to an ever-growing list of challenges. This article appears in the