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politicalbetting.com » Blog Archive » Punter anger at the way William Hill settled its LAB MPs resig

SystemSystem Posts: 11,688
edited November 2017 in General

imagepoliticalbetting.com » Blog Archive » Punter anger at the way William Hill settled its LAB MPs resigning in 2017 market

In the last thread there was a lot of discussion about the precise definition of what particular markets mean. What exactly, for instance, is defined as Britain leaving the EU?

Read the full story here


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Comments

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    Absolutely shocking behaviour by William Hill
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    Was there an other side of this bet?
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    As a matter of English, not standing again is not "resigning", which requires a positive act.
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    BRITS have spent a whopping £6.5million ringing the Universal Credit helpline in just five months – it was claimed last night.

    Staggering figures reveal there were 4.2million calls to the welfare scheme’s 0345 advice number between April and September.

    The Government said that on average claimants spent 11 minutes 46 seconds on the phone – including 4 minutes waiting in a queue.

    Campaigners claimed that with an average landline fee of up to 12p – phone companies have raked in around £6.5million from some of the poorest people in the country.

    https://www.thesun.co.uk/news/4907402/brits-spend-6-5m-universal-credit-5-months/
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    FPT:

    I remember the days when I was assured Boris Johnson was nailed on to be Theresa May's successor.

    https://twitter.com/YouGov/status/930374401517850624

    Poor old Vince

    Net Fav among 2017 own voters:

    Corby: +60
    May: +50
    Cable: +26
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    rkrkrkrkrkrk Posts: 7,908
    Eeesh this is dubious from Will Hill.

    Surprised the old bookmakers survive and thrive with Betfair out there.
    The exchange seems a better model for punters to me.
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    Did anyone bet on the other side of that market?

    I was less than happy with Betfair Sportsbook deciding to not pay out on my 2.4 winning bet on Hamilton not to be on the podium. Upon contacting them yesterday I did get £25 (only as bonus, so non-withdrawable/transferable), which is something, but I'm still perplexed by the initial voiding (apparently it was because Hamilton started from the pit lane, a fact that was public knowledge the day before I made the bet).

    In other faffing news, it seems I may have to return some boots I ordered. Somehow, the left one fits very well, and the right one wants to chew my ankle. Humbug.
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    rkrkrk said:

    Eeesh this is dubious from Will Hill.

    Surprised the old bookmakers survive and thrive with Betfair out there.
    The exchange seems a better model for punters to me.

    Some of us are still sore about Betfair voiding year of the next election market back a few years ago.
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    rkrkrkrkrkrk Posts: 7,908

    BRITS have spent a whopping £6.5million ringing the Universal Credit helpline in just five months – it was claimed last night.

    Staggering figures reveal there were 4.2million calls to the welfare scheme’s 0345 advice number between April and September.

    The Government said that on average claimants spent 11 minutes 46 seconds on the phone – including 4 minutes waiting in a queue.

    Campaigners claimed that with an average landline fee of up to 12p – phone companies have raked in around £6.5million from some of the poorest people in the country.

    https://www.thesun.co.uk/news/4907402/brits-spend-6-5m-universal-credit-5-months/

    Good of the government to do something for struggling phone companies.
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    rkrkrkrkrkrk Posts: 7,908

    rkrkrk said:

    Eeesh this is dubious from Will Hill.

    Surprised the old bookmakers survive and thrive with Betfair out there.
    The exchange seems a better model for punters to me.

    Some of us are still sore about Betfair voiding year of the next election market back a few years ago.
    What was the story there?
    Voiding bets presumably means they are the loser since they don't get commission?

    At least with the betfair model you know they aren't incentivised to screw you over.

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    rkrkrk said:

    BRITS have spent a whopping £6.5million ringing the Universal Credit helpline in just five months – it was claimed last night.

    Staggering figures reveal there were 4.2million calls to the welfare scheme’s 0345 advice number between April and September.

    The Government said that on average claimants spent 11 minutes 46 seconds on the phone – including 4 minutes waiting in a queue.

    Campaigners claimed that with an average landline fee of up to 12p – phone companies have raked in around £6.5million from some of the poorest people in the country.

    https://www.thesun.co.uk/news/4907402/brits-spend-6-5m-universal-credit-5-months/

    Good of the government to do something for struggling phone companies.
    Yup, they are struggling with the roaming changes and people using things like Whatsapp.
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    rkrkrk said:

    BRITS have spent a whopping £6.5million ringing the Universal Credit helpline in just five months – it was claimed last night.

    Staggering figures reveal there were 4.2million calls to the welfare scheme’s 0345 advice number between April and September.

    The Government said that on average claimants spent 11 minutes 46 seconds on the phone – including 4 minutes waiting in a queue.

    Campaigners claimed that with an average landline fee of up to 12p – phone companies have raked in around £6.5million from some of the poorest people in the country.

    https://www.thesun.co.uk/news/4907402/brits-spend-6-5m-universal-credit-5-months/

    Good of the government to do something for struggling phone companies.
    Yup, they are struggling with the roaming changes and people using things like Whatsapp.
    Universal Crud-it!
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    FF43FF43 Posts: 15,738

    As a matter of English, not standing again is not "resigning", which requires a positive act.

    "Voluntarily leave a job or office" according to the Oxford Dictionary definition, so I think Hills are on firm ground. But they would have to pay out for the other side of the bet, as Mike astutely points out.
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    Theresa May's Russian hacking speech last night -- what is she up to? Are we about to declare a cyber war or is she preparing the ground for a second referendum because the last one was hacked by Russian trolls and bots?

    http://www.bbc.co.uk/news/uk-politics-41973043
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    TheScreamingEaglesTheScreamingEagles Posts: 114,489
    edited November 2017
    rkrkrk said:

    rkrkrk said:

    Eeesh this is dubious from Will Hill.

    Surprised the old bookmakers survive and thrive with Betfair out there.
    The exchange seems a better model for punters to me.

    Some of us are still sore about Betfair voiding year of the next election market back a few years ago.
    What was the story there?
    Voiding bets presumably means they are the loser since they don't get commission?

    At least with the betfair model you know they aren't incentivised to screw you over.

    I have no idea, it was more Betfair were the last people on Earth to know that the FTPA made a 2015 election almost certain.
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    AlsoIndigoAlsoIndigo Posts: 1,852
    edited November 2017

    BRITS have spent a whopping £6.5million ringing the Universal Credit helpline in just five months – it was claimed last night.

    Staggering figures reveal there were 4.2million calls to the welfare scheme’s 0345 advice number between April and September.

    The Government said that on average claimants spent 11 minutes 46 seconds on the phone – including 4 minutes waiting in a queue.

    Campaigners claimed that with an average landline fee of up to 12p – phone companies have raked in around £6.5million from some of the poorest people in the country.

    https://www.thesun.co.uk/news/4907402/brits-spend-6-5m-universal-credit-5-months/

    I can see the point, but its a bit of an odd way to phrase it, one assumes that supermarkets, tobacconists, public houses and pound shops are also raking money in from the poorest people in the country. The phone company has a right to demand money for the service it provides, the issue here is that the government should be paying the bill not the benefit recipient.
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    Appalling decision (there's a big difference between resigning and retiring). I assume it's a cock-up that simply hasn't got elevated to someone who actually understands politics yet.
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    rkrkrk said:

    rkrkrk said:

    Eeesh this is dubious from Will Hill.

    Surprised the old bookmakers survive and thrive with Betfair out there.
    The exchange seems a better model for punters to me.

    Some of us are still sore about Betfair voiding year of the next election market back a few years ago.
    What was the story there?
    Voiding bets presumably means they are the loser since they don't get commission?

    At least with the betfair model you know they aren't incentivised to screw you over.

    I have no idea, it was more Betfair were the last people on Earth to know that the FTPA made a 2015 election almost certain.
    Just like the 2020 election :p
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    Not Betfair's fault, but years ago I was bloody annoyed when I had a nice position on Lisa Snowdon and, to a lesser extent, Rachel Stevens, in Strictly Come Dancing. Then the BBC buggered up their own rules to allow Tom Chambers into the final, which he duly won.

    One was not amused.
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    PulpstarPulpstar Posts: 75,930
    Poor behaviour from Hills. I think sometimes these markets are put up without thought as to the outcome.

    The other one that gets me, is the fact that KYC/AML checks are done when a customer wishes to withdraw.
    I know it might cause some inconvienience but why aren't these checks done on deposit ?!

    Hopefully @Morris_Dancer will have his F1 bet swiftly corrected - a couple of mentions of IBAS and the ludicrous position that each way in a baseball related bet I had recently meant 1/1 1 place !! was dismissed and the appropriate bet settled properly.
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    Theresa May's Russian hacking speech last night -- what is she up to?

    Telling the truth?

    Her next conversation with Trump will be interesting......
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    rkrkrk said:

    rkrkrk said:

    Eeesh this is dubious from Will Hill.

    Surprised the old bookmakers survive and thrive with Betfair out there.
    The exchange seems a better model for punters to me.

    Some of us are still sore about Betfair voiding year of the next election market back a few years ago.
    What was the story there?
    Voiding bets presumably means they are the loser since they don't get commission?

    At least with the betfair model you know they aren't incentivised to screw you over.

    I have no idea, it was more Betfair were the last people on Earth to know that the FTPA made a 2015 election almost certain.
    Just like the 2020 election :p
    Nah, we had David Cameron who stuck to his word about not holding a snap election, unlike Mrs May.
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    rkrkrk said:

    rkrkrk said:

    Eeesh this is dubious from Will Hill.

    Surprised the old bookmakers survive and thrive with Betfair out there.
    The exchange seems a better model for punters to me.

    Some of us are still sore about Betfair voiding year of the next election market back a few years ago.
    What was the story there?
    Voiding bets presumably means they are the loser since they don't get commission?

    At least with the betfair model you know they aren't incentivised to screw you over.

    They claimed that their wording meant they ought to have automatically settled the market, since a date for the next election had been announced (as written into the FTPA). Therefore, they shouldn't have taken bets on it, therefore they voided it.

    To be fair to them they did take the trouble to ring me and explain and offer me an ex gratia payment (£20) that was probably more than my book was worth at the time.
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    Not Betfair's fault, but years ago I was bloody annoyed when I had a nice position on Lisa Snowdon and, to a lesser extent, Rachel Stevens, in Strictly Come Dancing. Then the BBC buggered up their own rules to allow Tom Chambers into the final, which he duly won.

    One was not amused.

    I did well out of the Tom Chambers screw up.

    As soon as the voting by judges happened it was clear he was going to be in the bottom two, took Betfair and everyone else about an hour to realise.
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    The best negotiating position for the Uk is to leave the EU under WTO terms, not pay anything to the EU and then open negotiations on a trade agreement. Then the UK might pay the EU some cash on a voluntary basis, subject to a good trade agreement.
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    Mr. Pulpstar, it's sorted, more or less. Perhaps I should've mentioned IBAS etc to get it paid out rather than the 'bonus'. I've not had to try and resolve things like this much in the past (a few with Ladbrokes but those were straightforward errors and quickly corrected).
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    My favourite bookies at the moment are SkyBet.

    Twice in the last year they've paid out bets that they shouldn't have paid out and let me keep the money.
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    FF43 said:

    As a matter of English, not standing again is not "resigning", which requires a positive act.

    "Voluntarily leave a job or office" according to the Oxford Dictionary definition, so I think Hills are on firm ground. But they would have to pay out for the other side of the bet, as Mike astutely points out.
    Volunteering not to reapply for a vacant position you previously held isn't voluntarily leaving, though.
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    TOPPINGTOPPING Posts: 41,333
    fpt

    Sandpit said:

    Total non-apology by one of Labour's worst:
    http://www.bbc.co.uk/news/uk-england-london-41980425

    "If [Mr Bailey] is offended, I apologise."

    *If*.

    Imagine what Labour’s reaction would have been if her words had been spoken by a Conservative candidate? Racist comments shouldn’t be compatible with holding the Labour Whip.
    Sounds like he referred to himself as being from "the ghetto"
    Did he refer to himself as token?
    And very much along those lines I wonder if Ms Dent Coad would address people who self-identify using the N word use the same terminology?
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    tlg86tlg86 Posts: 25,190
    I'd have thought that this bet would have been voided a bit like the Gorton by election bets.
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    TheScreamingEaglesTheScreamingEagles Posts: 114,489
    edited November 2017
    I like William Hague a lot, but he's talking bollocks in his Telegraph column today.

    Brussels has run up vast debts on our behalf. If we want Brexit to be a success, we must pay them.

    Nearly every negotiation comes to a crunch moment, following which it is highly likely to end in agreement or alternatively be doomed to failure. When we Tories were negotiating our coalition with the Liberal Democrats, the crunch came over whether, in return for them backing us on the economy, tuition fees, Europe and many other issues, we would offer a referendum on electoral reform.

    We decided there was so much at stake, and the prize of ousting Gordon Brown was so worthwhile, that we would indeed give them such a referendum. That decision was vindicated when the sensible voters rejected changing the voting system, leaving the Liberals following most of our policies with little in return, and therefore well and truly kippered.

    http://www.telegraph.co.uk/news/2017/11/13/brussels-has-run-vast-debts-behalf-want-brexit-success-must/
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    FF43FF43 Posts: 15,738

    FF43 said:

    As a matter of English, not standing again is not "resigning", which requires a positive act.

    "Voluntarily leave a job or office" according to the Oxford Dictionary definition, so I think Hills are on firm ground. But they would have to pay out for the other side of the bet, as Mike astutely points out.
    Volunteering not to reapply for a vacant position you previously held isn't voluntarily leaving, though.
    Because the office terminated with the election and therefore there was no longer an office to voluntarily leave? I guess so.
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    That is absolutely disgraceful by William Hill. Resigning and retiring are not the same thing at all.
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    Scott_PScott_P Posts: 51,453

    The best negotiating position for the Uk is to leave the EU under WTO terms, not pay anything to the EU and then open negotiations on a trade agreement.

    No, it really isn't.
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    Pulpstar said:


    The other one that gets me, is the fact that KYC/AML checks are done when a customer wishes to withdraw.
    I know it might cause some inconvienience but why aren't these checks done on deposit ?!

    That would be potentially wasteful, as many of the customers who are generously funding your withdrawals will only ever deposit...
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    SandpitSandpit Posts: 49,907
    edited November 2017
    Good thread Mike.

    Did anyone here get paid a winning bet on this market, based on the number of Labour MPs who retired at the election? Bill Hill owes an explaination here.
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    In future on markets like this we should get the bookie to confirm that they means only via The Crown Steward and Bailiff of the Chiltern Hundreds and of The Manor of Northstead routes.
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    Luckyguy1983Luckyguy1983 Posts: 25,466

    Theresa May's Russian hacking speech last night -- what is she up to?

    Telling the truth?

    Her next conversation with Trump will be interesting......
    Utterly desperate and pathetic.

    This is May's big problem. She can't be the PM everyone wants her to be because the 'international order' she praises in her speech has her balls in a jar. They don't have Putin's, hence the constant and ever more ridiculous screaming accusations and war drums.

    The UK needs a new foreign policy aimed (as it always used to be) at balance of powers, not supporting US hegemony.
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    FF43FF43 Posts: 15,738

    Appalling decision (there's a big difference between resigning and retiring). I assume it's a cock-up that simply hasn't got elevated to someone who actually understands politics yet.

    As an aside, no-one retires in the real world any more because of age discrimination rules. You have to resign. Getting your carriage clock and out the door at 65 are memories of a distant past, if they ever happened at all.
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    SandpitSandpit Posts: 49,907

    The best negotiating position for the Uk is to leave the EU under WTO terms, not pay anything to the EU and then open negotiations on a trade agreement. Then the UK might pay the EU some cash on a voluntary basis, subject to a good trade agreement.
    Agreed. The other option is to refer the money issues to an independent international arbitrator and then move on to the trade talks.

    What we can’t do is go into next year without a clear direction one way or the other - businesses need to make plans and if the EU just want to keep pointing at the clock and the large cheque, then we’re better off saying now that we’ll leave to WTO terms and spending our efforts over the next 18 months organising it.
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    As a matter of English, not standing again is not "resigning", which requires a positive act.

    You would think that would be a very strong ground on which to challenge Hills' decision.

    It is not a resignation to discontinue with an arrangement when the time for renewal of that arrangement is up.
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    PulpstarPulpstar Posts: 75,930

    Pulpstar said:


    The other one that gets me, is the fact that KYC/AML checks are done when a customer wishes to withdraw.
    I know it might cause some inconvienience but why aren't these checks done on deposit ?!

    That would be potentially wasteful, as many of the customers who are generously funding your withdrawals will only ever deposit...
    If one is looking to launder money though, betting on both sides of a book at different bookies with a small (Or no) overround is a way of doing it. The act of money laundering is being comitted at both bookies, but the winning layer keeps the cash.
    The money laundering act is the sameat both bookies though.
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    williamglennwilliamglenn Posts: 48,080
    Sandpit said:

    What we can’t do is go into next year without a clear direction one way or the other - businesses need to make plans and if the EU just want to keep pointing at the clock and the large cheque, then we’re better off saying now that we’ll leave to WTO terms and spending our efforts over the next 18 months organising it.

    And what form will that organisation take in Northern Ireland?
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    Scott_PScott_P Posts: 51,453

    And what form will that organisation take in Northern Ireland?

    Or Dover...
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    SandpitSandpit Posts: 49,907

    In future on markets like this we should get the bookie to confirm that they means only via The Crown Steward and Bailiff of the Chiltern Hundreds and of The Manor of Northstead routes.

    Yes, that’s how the bet should have been framed, via the “Office of Profit” rules.
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    FPT:

    I remember the days when I was assured Boris Johnson was nailed on to be Theresa May's successor.

    https://twitter.com/YouGov/status/930374401517850624

    Poor old Vince

    Net Fav among 2017 own voters:

    Corby: +60
    May: +50
    Cable: +26
    A surprisingly good figure for Theresa May, given the state of the government and the media coverage over the past few weeks.
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    SandpitSandpit Posts: 49,907

    Sandpit said:

    What we can’t do is go into next year without a clear direction one way or the other - businesses need to make plans and if the EU just want to keep pointing at the clock and the large cheque, then we’re better off saying now that we’ll leave to WTO terms and spending our efforts over the next 18 months organising it.

    And what form will that organisation take in Northern Ireland?
    We will put no border there, if they want to then that’s their problem.
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    CarlottaVanceCarlottaVance Posts: 59,760
    edited November 2017

    Theresa May's Russian hacking speech last night -- what is she up to?

    Telling the truth?

    Her next conversation with Trump will be interesting......
    Utterly desperate and pathetic.
    http://www.independent.co.uk/news/uk/politics/man-muslim-woman-london-terror-attack-phone-russian-troll-identity-a8052961.html

    You were saying?

    And if you really want desperate:

    https://twitter.com/EliotHiggins/status/930385972776308737
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    FF43 said:

    As a matter of English, not standing again is not "resigning", which requires a positive act.

    "Voluntarily leave a job or office" according to the Oxford Dictionary definition, so I think Hills are on firm ground. But they would have to pay out for the other side of the bet, as Mike astutely points out.
    No, I don't agree with that. The 'job or office' that Tristam Hunt, for example, voluntarily left was to be the MP for Stoke Central until the next general election was called. The office lapsed when parliament was dissolved and, as such, the (former) MPs' failure to stand again cannot be considered a resignation.
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    AlsoIndigoAlsoIndigo Posts: 1,852
    edited November 2017
    FF43 said:

    Appalling decision (there's a big difference between resigning and retiring). I assume it's a cock-up that simply hasn't got elevated to someone who actually understands politics yet.

    As an aside, no-one retires in the real world any more because of age discrimination rules. You have to resign. Getting your carriage clock and out the door at 65 are memories of a distant past, if they ever happened at all.
    Oh it definitely happened. Many years ago I worked in the print industry and I can remember the "Banging Out" of a guy that had been with the company since he was an fresh faced apprentice.

    "There used to be a tradition in Fleet Street newspapers called "banging out". It involved an employee, on the day he retired after a life-time's stalwart service to his chosen rag, being walked by his colleagues through the presses in the print room. As he wandered towards his rendezvous with a carriage clock, the printers serenaded him by whacking the metal benches with their hammers, beating out a ceremonial slow-march to mark his departure."
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    The prominent PBer in the thread header would like to share this update

    I have escalated the matter to William Hill's 'Second Opinion' team and they have replied standing their ground. They say:

    1. They often settle bets using synonymous wording, giving the example of 'Next manager of' is settled if a 'Head Coach' is appointed;

    2. Labour Party Rules cover the eventuality of MPs not standing for re-election, calling it 'Retiring'; and

    3. "The word 'resign' is also a synonym of retire".
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    SandpitSandpit Posts: 49,907
    Pulpstar said:

    Pulpstar said:


    The other one that gets me, is the fact that KYC/AML checks are done when a customer wishes to withdraw.
    I know it might cause some inconvienience but why aren't these checks done on deposit ?!

    That would be potentially wasteful, as many of the customers who are generously funding your withdrawals will only ever deposit...
    If one is looking to launder money though, betting on both sides of a book at different bookies with a small (Or no) overround is a way of doing it. The act of money laundering is being comitted at both bookies, but the winning layer keeps the cash.
    The money laundering act is the sameat both bookies though.
    Yes, money launderers don’t care if they only get 90% of their money back, so betting on each outcome of an event with a different bookie is a good way of doing it.

    Of more concern is the way that online transactions with a bookmaker work differently to those in a shop. Online, they have a profile of you and will do everything possible to restrict you if you start winning. The regulations around bookmakers are all based on the tradional shops though, where they take money at an agreed price from whoever walks in.
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    williamglennwilliamglenn Posts: 48,080
    Sandpit said:

    Sandpit said:

    What we can’t do is go into next year without a clear direction one way or the other - businesses need to make plans and if the EU just want to keep pointing at the clock and the large cheque, then we’re better off saying now that we’ll leave to WTO terms and spending our efforts over the next 18 months organising it.

    And what form will that organisation take in Northern Ireland?
    We will put no border there, if they want to then that’s their problem.
    Before that point you have to spend 18 months explaining your position to the rest of the world without turning Britain into a laughing stock.
  • Options

    Theresa May's Russian hacking speech last night -- what is she up to?

    Telling the truth?

    Her next conversation with Trump will be interesting......
    Utterly desperate and pathetic.

    This is May's big problem. She can't be the PM everyone wants her to be because the 'international order' she praises in her speech has her balls in a jar. They don't have Putin's, hence the constant and ever more ridiculous screaming accusations and war drums.

    The UK needs a new foreign policy aimed (as it always used to be) at balance of powers, not supporting US hegemony.
    Hows the weather in Moscow at the moment?
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    The prominent PBer in the thread header would like to share this update

    I have escalated the matter to William Hill's 'Second Opinion' team and they have replied standing their ground. They say:

    1. They often settle bets using synonymous wording, giving the example of 'Next manager of' is settled if a 'Head Coach' is appointed;

    2. Labour Party Rules cover the eventuality of MPs not standing for re-election, calling it 'Retiring'; and

    3. "The word 'resign' is also a synonym of retire".

    IBAS
  • Options

    The prominent PBer in the thread header would like to share this update

    I have escalated the matter to William Hill's 'Second Opinion' team and they have replied standing their ground. They say:

    1. They often settle bets using synonymous wording, giving the example of 'Next manager of' is settled if a 'Head Coach' is appointed;

    2. Labour Party Rules cover the eventuality of MPs not standing for re-election, calling it 'Retiring'; and

    3. "The word 'resign' is also a synonym of retire".

    What annoys me is that they evidently see the result of the market, then make the decision.

    Nobody would feel misled if they stated any of this up front.
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    SandpitSandpit Posts: 49,907
    edited November 2017

    The prominent PBer in the thread header would like to share this update

    I have escalated the matter to William Hill's 'Second Opinion' team and they have replied standing their ground. They say:

    1. They often settle bets using synonymous wording, giving the example of 'Next manager of' is settled if a 'Head Coach' is appointed;

    2. Labour Party Rules cover the eventuality of MPs not standing for re-election, calling it 'Retiring'; and

    3. "The word 'resign' is also a synonym of retire".

    3 is bollocks. I resigned from my last job, as I’m (just!) in my thirties that’s very different from retiring, which I will do when I decide to stop working and enjoy my later years.
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    In future on markets like this we should get the bookie to confirm that they means only via The Crown Steward and Bailiff of the Chiltern Hundreds and of The Manor of Northstead routes.

    That would be helpful. How, for example, on the basis of their market, would Hills have defined Carl Sergeant's departure from the Welsh Assembly (I apologise for this being somewhat in bad taste but I do think it's a legitimate point in context: under the OED definition, it would could).
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    I think William Hill are wrong to interpret the bet as they have, but their position is just about arguable. The main problem is that the terms of the bet were vague in the first place, which is not uncommon in political betting.
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    The prominent PBer in the thread header would like to share this update

    I have escalated the matter to William Hill's 'Second Opinion' team and they have replied standing their ground. They say:

    1. They often settle bets using synonymous wording, giving the example of 'Next manager of' is settled if a 'Head Coach' is appointed;

    2. Labour Party Rules cover the eventuality of MPs not standing for re-election, calling it 'Retiring'; and

    3. "The word 'resign' is also a synonym of retire".

    IBAS
    who are crap and IIRC correctly decline jurisdiction over quite a lot of disputes...
  • Options

    In future on markets like this we should get the bookie to confirm that they means only via The Crown Steward and Bailiff of the Chiltern Hundreds and of The Manor of Northstead routes.

    That would be helpful. How, for example, on the basis of their market, would Hills have defined Carl Sergeant's departure from the Welsh Assembly (I apologise for this being somewhat in bad taste but I do think it's a legitimate point in context: under the OED definition, it would could).
    no doubt however was most profitable
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    NigelbNigelb Posts: 62,659

    Did anyone bet on the other side of that market?

    I was less than happy with Betfair Sportsbook deciding to not pay out on my 2.4 winning bet on Hamilton not to be on the podium. Upon contacting them yesterday I did get £25 (only as bonus, so non-withdrawable/transferable), which is something, but I'm still perplexed by the initial voiding (apparently it was because Hamilton started from the pit lane, a fact that was public knowledge the day before I made the bet).

    In other faffing news, it seems I may have to return some boots I ordered. Somehow, the left one fits very well, and the right one wants to chew my ankle. Humbug.

    What if you'd backed him to win, and he did ? (Or, indeed didn't.)
    It's not as if the FIA didn't award him championship points.

    Sounds pretty sharp practice to me, Mr.D.
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    FF43 said:

    As a matter of English, not standing again is not "resigning", which requires a positive act.

    "Voluntarily leave a job or office" according to the Oxford Dictionary definition, so I think Hills are on firm ground. But they would have to pay out for the other side of the bet, as Mike astutely points out.
    No, I don't agree with that. The 'job or office' that Tristam Hunt, for example, voluntarily left was to be the MP for Stoke Central until the next general election was called. The office lapsed when parliament was dissolved and, as such, the (former) MPs' failure to stand again cannot be considered a resignation.
    Indeed anymore than someone who stood and failed to win re-election cannot be considered to have resigned. The law and our constitution is absolutely crystal clear that they were out of office once the election is called. Not seeking to re-gain their office is not the same as resigning. Hills are legally entirely in the wrong here.
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    QuincelQuincel Posts: 3,949
    edited November 2017

    The prominent PBer in the thread header would like to share this update

    I have escalated the matter to William Hill's 'Second Opinion' team and they have replied standing their ground. They say:

    1. They often settle bets using synonymous wording, giving the example of 'Next manager of' is settled if a 'Head Coach' is appointed;

    2. Labour Party Rules cover the eventuality of MPs not standing for re-election, calling it 'Retiring'; and

    3. "The word 'resign' is also a synonym of retire".

    IBAS
    IBAS, or just sue? There was that Scottish guy who (lost) a suit over the definition of 'relegated' on his Rangers bet. Seems this would be a similar but potentially stronger case.

    http://www.scotsman.com/news/coral-wins-case-over-rangers-relegation-bet-1-4392539
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    NigelbNigelb Posts: 62,659
    Sandpit said:

    Pulpstar said:

    Pulpstar said:


    The other one that gets me, is the fact that KYC/AML checks are done when a customer wishes to withdraw.
    I know it might cause some inconvienience but why aren't these checks done on deposit ?!

    That would be potentially wasteful, as many of the customers who are generously funding your withdrawals will only ever deposit...
    If one is looking to launder money though, betting on both sides of a book at different bookies with a small (Or no) overround is a way of doing it. The act of money laundering is being comitted at both bookies, but the winning layer keeps the cash.
    The money laundering act is the sameat both bookies though.
    Yes, money launderers don’t care if they only get 90% of their money back, so betting on each outcome of an event with a different bookie is a good way of doing it.

    Of more concern is the way that online transactions with a bookmaker work differently to those in a shop. Online, they have a profile of you and will do everything possible to restrict you if you start winning. The regulations around bookmakers are all based on the tradional shops though, where they take money at an agreed price from whoever walks in.
    Depending on the money in question, and the effectiveness of the laundering, I believe it can be a great deal less than 90%.
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    SandpitSandpit Posts: 49,907
    edited November 2017

    In future on markets like this we should get the bookie to confirm that they means only via The Crown Steward and Bailiff of the Chiltern Hundreds and of The Manor of Northstead routes.

    That would be helpful. How, for example, on the basis of their market, would Hills have defined Carl Sergeant's departure from the Welsh Assembly (I apologise for this being somewhat in bad taste but I do think it's a legitimate point in context: under the OED definition, it would could).
    He was an Assembly member who died in office. He didn’t resign his seat.
    He lost the whip rather than being suspended from the Assembly, before his death. An internal party matter rather than one from the Assembly itself.
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    Tissue_PriceTissue_Price Posts: 9,039
    edited November 2017

    The prominent PBer in the thread header would like to share this update

    I have escalated the matter to William Hill's 'Second Opinion' team and they have replied standing their ground. They say:

    1. They often settle bets using synonymous wording, giving the example of 'Next manager of' is settled if a 'Head Coach' is appointed;

    2. Labour Party Rules cover the eventuality of MPs not standing for re-election, calling it 'Retiring'; and

    3. "The word 'resign' is also a synonym of retire".

    What annoys me is that they evidently see the result of the market, then make the decision.

    Nobody would feel misled if they stated any of this up front.
    It's unfortunately not realistic that every such bet will have T&Cs that cover every eventuality - not least when they are thrown up in response to some breaking news. It's much easier to add a market (with maybe one or two lines of explanation, depending on the platform) than it is to add a new rule to their rulebook.

    And as political punters, we should be wary of wanting that in any case: there'd be fewer of these casual markets overall, and thus fewer opportunities to make money.

    Of course Hills don't want any of this trouble - my guess is that they've been persuaded to settle on 7 or more (who wouldn't try asking?) and are now sticking to that somewhat stubbornly. But I think they're pretty clearly in the wrong.

    EDIT: I should also state that I think it's vanishingly unlikely that Hills have made their decision based upon P/L.
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    The prominent PBer in the thread header would like to share this update

    I have escalated the matter to William Hill's 'Second Opinion' team and they have replied standing their ground. They say:

    1. They often settle bets using synonymous wording, giving the example of 'Next manager of' is settled if a 'Head Coach' is appointed;

    2. Labour Party Rules cover the eventuality of MPs not standing for re-election, calling it 'Retiring'; and

    3. "The word 'resign' is also a synonym of retire".

    What annoys me is that they evidently see the result of the market, then make the decision.

    Nobody would feel misled if they stated any of this up front.
    That has always been true of betting. It will doubtless remain true. You hand over your betting slip and cash, and after the event, the bookmaker decides if he wanted to lay that bet.
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    Sandpit said:

    In future on markets like this we should get the bookie to confirm that they means only via The Crown Steward and Bailiff of the Chiltern Hundreds and of The Manor of Northstead routes.

    That would be helpful. How, for example, on the basis of their market, would Hills have defined Carl Sergeant's departure from the Welsh Assembly (I apologise for this being somewhat in bad taste but I do think it's a legitimate point in context: under the OED definition, it would could).
    He was an Assembly member who died in office. He didn’t resign his seat.
    He lost the whip rather than being suspended from the Assembly, before his death. An internal party matter rather than one from the a
    Assembly itself.
    He took his own life. He therefore "voluntarily left [his] job or office". I'm sorry but if we're going to get down to definitions then we need to be consistent. That's why appointments to the Chiltern Hundreds / Manor of Northstead would be an appropriate definition for MPs, subject to any future legislation permitting MPs to retire (as peers can).
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    NigelbNigelb Posts: 62,659
    TOPPING said:

    fpt

    Sandpit said:

    Total non-apology by one of Labour's worst:
    http://www.bbc.co.uk/news/uk-england-london-41980425

    "If [Mr Bailey] is offended, I apologise."

    *If*.

    Imagine what Labour’s reaction would have been if her words had been spoken by a Conservative candidate? Racist comments shouldn’t be compatible with holding the Labour Whip.
    Sounds like he referred to himself as being from "the ghetto"
    Did he refer to himself as token?
    And very much along those lines I wonder if Ms Dent Coad would address people who self-identify using the N word use the same terminology?
    Her racist intent was entirely clear from the phrases she reportedly used:
    "token ghetto boy", and "ghetto man low-life".
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    QuincelQuincel Posts: 3,949

    In future on markets like this we should get the bookie to confirm that they means only via The Crown Steward and Bailiff of the Chiltern Hundreds and of The Manor of Northstead routes.

    That would be helpful. How, for example, on the basis of their market, would Hills have defined Carl Sergeant's departure from the Welsh Assembly (I apologise for this being somewhat in bad taste but I do think it's a legitimate point in context: under the OED definition, it would could).
    I do note that WH have two markets currently up on politicians leaving office - When will TM leave office as PM and When will the next Cabinet Minister leave their post. Both have far broader wording than this one did.
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    SandpitSandpit Posts: 49,907

    Did anyone bet on the other side of that market?

    I was less than happy with Betfair Sportsbook deciding to not pay out on my 2.4 winning bet on Hamilton not to be on the podium. Upon contacting them yesterday I did get £25 (only as bonus, so non-withdrawable/transferable), which is something, but I'm still perplexed by the initial voiding (apparently it was because Hamilton started from the pit lane, a fact that was public knowledge the day before I made the bet).

    In other faffing news, it seems I may have to return some boots I ordered. Somehow, the left one fits very well, and the right one wants to chew my ankle. Humbug.

    I’m just reading through your posts on the Hamilton bet. So Betfair are saying that as he started from the pit lane rather than the back of the grid the market was void? That makes no sense at all, as he took part in the race. If he’d not taken part in the race I could understand the void.
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    Mr. B, I'm going to certainly bear it in mind when deciding what to bet/tip on in the future.

    It's a shame because I still only have the two accounts (Ladbrokes and Betfair). Betfair's Oddsonthat market can be quite interesting but if they void bets it's less than encouraging.
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    The prominent PBer in the thread header would like to share this update

    I have escalated the matter to William Hill's 'Second Opinion' team and they have replied standing their ground. They say:

    1. They often settle bets using synonymous wording, giving the example of 'Next manager of' is settled if a 'Head Coach' is appointed;

    2. Labour Party Rules cover the eventuality of MPs not standing for re-election, calling it 'Retiring'; and

    3. "The word 'resign' is also a synonym of retire".

    IBAS
    who are crap and IIRC correctly decline jurisdiction over quite a lot of disputes...
    They'll accept jurisdiction over this. I have had some satisfaction with them in the past. There's always the small claims court too (and bookies are generally reluctant to defend small sums in court since, regardless of the merit of the case, the PR almost never works to their advantage).
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    Meanwhile, in socialist paradise:
    https://twitter.com/afneil/status/930395451119095808
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    Theresa May's Russian hacking speech last night -- what is she up to?

    Telling the truth?

    Her next conversation with Trump will be interesting......
    Of course the Prime Minister was telling the truth about Russian interference. But why and why now? Is she about to reveal evidence of snow on Jeremy Corbyn's cyber boots and online adverts? Is the Prime Minister preparing the ground for a second EU referendum?

    What is the politics?
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    Looks like staines minions are all over coad...

    Guido has repeatedly put this to Dent Coad over the last two days. She has declined to comment. It’s another Jared O’Mara case – Labour clearly didn’t vet this candidate, and now the people of Kensington have ended up with a fruitcake for an MP…
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    SandpitSandpit Posts: 49,907

    Sandpit said:

    Sandpit said:

    What we can’t do is go into next year without a clear direction one way or the other - businesses need to make plans and if the EU just want to keep pointing at the clock and the large cheque, then we’re better off saying now that we’ll leave to WTO terms and spending our efforts over the next 18 months organising it.

    And what form will that organisation take in Northern Ireland?
    We will put no border there, if they want to then that’s their problem.
    Before that point you have to spend 18 months explaining your position to the rest of the world without turning Britain into a laughing stock.
    Nah, the rest of the world is looking at the EU and thinking they’re a bunch of idiots for not wanting a trade deal with their single largest export market.
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    Pulpstar said:


    The other one that gets me, is the fact that KYC/AML checks are done when a customer wishes to withdraw.
    I know it might cause some inconvienience but why aren't these checks done on deposit ?!

    That would be potentially wasteful, as many of the customers who are generously funding your withdrawals will only ever deposit...
    It's partly that, but it's mostly about making the sign-up process as easy as possible within the law. New customer recruitment is a key battleground and one site adding extra hurdles would be at a significant competitive disadvantage.

    Not to mention that a lot of recruitment is time-sensitive around specific events (e.g. Grand National).
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    Theresa May's Russian hacking speech last night -- what is she up to?

    Telling the truth?

    Her next conversation with Trump will be interesting......
    Utterly desperate and pathetic.

    This is May's big problem. She can't be the PM everyone wants her to be because the 'international order' she praises in her speech has her balls in a jar. They don't have Putin's, hence the constant and ever more ridiculous screaming accusations and war drums.

    The UK needs a new foreign policy aimed (as it always used to be) at balance of powers, not supporting US hegemony.
    Hows the weather in Moscow at the moment?
    Petrograd:

    https://www.vanityfair.com/news/2017/10/the-russian-troll-farm-that-weaponized-facebook-had-american-boots-on-the-ground
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    DavidLDavidL Posts: 51,311
    Hmm.... A contract is entered into with fairly unspecific wording. That is surely the fault of the party that drew up the bet but in law the wording has to be given its objective meaning. There is then an unexpected event (a snap election) which was not contemplated by those entering into the bet (to the extent that no specific provision was made and it was not discussed). The wording has to be applied to that event.

    A number of sitting MPs decide not to stand again. Have they "resigned"? I think they have. The contingency which allowed them to remain MPs was standing again for election. They didn't. They were not necessarily "retiring". The plonkers who went off to run the V&A or become Mayor of Liverpool did not "retire", they went off to do something more interesting. Why is a sitting MP who chooses to do likewise at an election any different? It is true that they gained an opportunity to do so which they might not have expected but they have still decided that they no longer wanted to be MPs and acted accordingly.

    I think the fairest thing to do would be to void the bet on the grounds of the unexpected and unprovided for contingency. But I do think they have a point.
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    edmundintokyoedmundintokyo Posts: 17,151
    edited November 2017
    Vaguely relatedly, I've built a system for settling factual questions, in most cases quickly and cheaply, using a system of escalating bonds. (Details here, if anyone's interested.)

    When you get stubborn people prepared to put seriously high bonds behind their chosen answer, it falls back on an arbitrator, who, for a very attractive fee, is prepared to wade into the trickier questions and make a judgement. I've got this thing up on the test network of the Ethereum system, which uses play money instead of real, valuable, magic internet money. I'm set up as the arbitrator, and I've been tasked with arbitrating the question:

    In Saudi Arabia, do female characters in the game Mario Kart wear burkas?

    Does anyone know, or have any idea how I could find out?
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    Mr. Sandpit, well, quite.

    It's a shame as there can be interesting bets there, but an element of trust is required.
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    eristdooferistdoof Posts: 4,898
    Quincel said:

    In future on markets like this we should get the bookie to confirm that they means only via The Crown Steward and Bailiff of the Chiltern Hundreds and of The Manor of Northstead routes.

    That would be helpful. How, for example, on the basis of their market, would Hills have defined Carl Sergeant's departure from the Welsh Assembly (I apologise for this being somewhat in bad taste but I do think it's a legitimate point in context: under the OED definition, it would could).
    I do note that WH have two markets currently up on politicians leaving office - When will TM leave office as PM and When will the next Cabinet Minister leave their post. Both have far broader wording than this one did.
    There would have to be something very weird for "Leaving post of PM" to be unclear. But cabinet minister leaving their post, if that is the wording, is terrible. Does a reshuffle where no cabinet minister leaves the cabinet count. What if a new cabinet post is created? Change of ministry definition.
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    Scott_PScott_P Posts: 51,453
    Sandpit said:

    We will put no border there

    Take Back Control means open borders...

    It's a view.
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    SandpitSandpit Posts: 49,907

    Looks like staines minions are all over coad...

    Guido has repeatedly put this to Dent Coad over the last two days. She has declined to comment. It’s another Jared O’Mara case – Labour clearly didn’t vet this candidate, and now the people of Kensington have ended up with a fruitcake for an MP…

    The difference was that O’Mara was an unknown that the local party screwed up with their due diligence. Emma Dent-Coad had been a prominent local councillor for a couple of decades, those selecting her knew exactly who she was.
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    AlistairAlistair Posts: 23,670
    Quincel said:

    The prominent PBer in the thread header would like to share this update

    I have escalated the matter to William Hill's 'Second Opinion' team and they have replied standing their ground. They say:

    1. They often settle bets using synonymous wording, giving the example of 'Next manager of' is settled if a 'Head Coach' is appointed;

    2. Labour Party Rules cover the eventuality of MPs not standing for re-election, calling it 'Retiring'; and

    3. "The word 'resign' is also a synonym of retire".

    IBAS
    IBAS, or just sue? There was that Scottish guy who (lost) a suit over the definition of 'relegated' on his Rangers bet. Seems this would be a similar but potentially stronger case.

    http://www.scotsman.com/news/coral-wins-case-over-rangers-relegation-bet-1-4392539
    That one is easy though as Rangers were not relegated. They were liquidated.

    A different club with a similar name was formed.
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    The HOC and HOL are heavily remain and they are trying to derail Brexit by saying they respect the vote but ...................

    If they had any sense and were mature they would unite behind the Government to get the best deal from Europe and then, if as so many think, we end up in an economic armageddon, there will be an overwhelming demand to rejoin.

    That process would go some way to heal the divisions but when have politicians ever acted in a mature manner
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    anothernickanothernick Posts: 3,578
    Sandpit said:

    Sandpit said:

    Sandpit said:

    What we can’t do is go into next year without a clear direction one way or the other - businesses need to make plans and if the EU just want to keep pointing at the clock and the large cheque, then we’re better off saying now that we’ll leave to WTO terms and spending our efforts over the next 18 months organising it.

    And what form will that organisation take in Northern Ireland?
    We will put no border there, if they want to then that’s their problem.
    Before that point you have to spend 18 months explaining your position to the rest of the world without turning Britain into a laughing stock.
    Nah, the rest of the world is looking at the EU and thinking they’re a bunch of idiots for not wanting a trade deal with their single largest export market.
    Evidence?
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    tlg86tlg86 Posts: 25,190
    On William Hill, they didn't pay out on Cameron ceasing to be leader of the Conservative Party until after he ceased to be PM. That was poor in my opinion.
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    eristdoof said:

    Quincel said:

    In future on markets like this we should get the bookie to confirm that they means only via The Crown Steward and Bailiff of the Chiltern Hundreds and of The Manor of Northstead routes.

    That would be helpful. How, for example, on the basis of their market, would Hills have defined Carl Sergeant's departure from the Welsh Assembly (I apologise for this being somewhat in bad taste but I do think it's a legitimate point in context: under the OED definition, it would could).
    I do note that WH have two markets currently up on politicians leaving office - When will TM leave office as PM and When will the next Cabinet Minister leave their post. Both have far broader wording than this one did.
    There would have to be something very weird for "Leaving post of PM" to be unclear. But cabinet minister leaving their post, if that is the wording, is terrible. Does a reshuffle where no cabinet minister leaves the cabinet count. What if a new cabinet post is created? Change of ministry definition.
    Think of the scenario where David Davis leaves the cabinet when DExEU is abolished in March 2019
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    eristdooferistdoof Posts: 4,898

    The prominent PBer in the thread header would like to share this update

    I have escalated the matter to William Hill's 'Second Opinion' team and they have replied standing their ground. They say:

    1. They often settle bets using synonymous wording, giving the example of 'Next manager of' is settled if a 'Head Coach' is appointed;

    2. Labour Party Rules cover the eventuality of MPs not standing for re-election, calling it 'Retiring'; and

    3. "The word 'resign' is also a synonym of retire".

    In no way is "resign" the same as "retire". In all things financial these two are substantially different.
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    Scott_P said:

    Sandpit said:

    We will put no border there

    Take Back Control means open borders...

    It's a view.
    You don't need to stop German car imports at the Northern Ireland or other UK borders to collect the 10% import tariff under WTO rules. You check new car registrations and/or require dealers to notify HM Customs and Excise of imports.
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    PulpstarPulpstar Posts: 75,930
    tlg86 said:

    On William Hill, they didn't pay out on Cameron ceasing to be leader of the Conservative Party until after he ceased to be PM. That was poor in my opinion.

    Here's my oldest political bet at the moment !

    19/11/2013 Single To Win
    No @ 4/7
    |Will Berlusconi be a PDL candidate in t
    Will Silvio Berlusconi be a PDL candidate at the next general election?
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    tlg86 said:

    On William Hill, they didn't pay out on Cameron ceasing to be leader of the Conservative Party until after he ceased to be PM. That was poor in my opinion.

    It was a two day wait.
  • Options

    Vaguely relatedly, I've built a system for settling factual questions, in most cases quickly and cheaply, using a system of escalating bonds. (Details here, if anyone's interested.)

    When you get stubborn people prepared to put seriously high bonds behind their chosen answer, it falls back on an arbitrator, who, for a very attractive fee, is prepared to wade into the trickier questions and make a judgement. I've got this thing up on the test network of the Ethereum system, which uses play money instead of real, valuable, magic internet money. I'm set up as the arbitrator, and I've been tasked with arbitrating the question:

    In Saudi Arabia, do female characters in the game Mario Kart wear burkas?

    Does anyone know, or have any idea how I could find out?

    Move from Tokyo to Saudi Arabia.
  • Options
    TheWhiteRabbitTheWhiteRabbit Posts: 12,388
    edited November 2017
    Pulpstar said:

    tlg86 said:

    On William Hill, they didn't pay out on Cameron ceasing to be leader of the Conservative Party until after he ceased to be PM. That was poor in my opinion.

    Here's my oldest political bet at the moment !

    19/11/2013 Single To Win
    No @ 4/7
    |Will Berlusconi be a PDL candidate in t
    Will Silvio Berlusconi be a PDL candidate at the next general election?
    At least it's a winner.

    Unless FI counts as PDL...

    edit: I can see that was your point all along
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    Scott_P said:

    Sandpit said:

    We will put no border there

    Take Back Control means open borders...

    It's a view.
    You don't need to stop German car imports at the Northern Ireland or other UK borders to collect the 10% import tariff under WTO rules. You check new car registrations and/or require dealers to notify HM Customs and Excise of imports.
    Set up an equivalent system of compulsory registration of all the stuff sold in in Britain, and you're done. OK, not entirely, as you also need to get all the shops in the EU to implement the same system, otherwise they'll need controls on the Irish side.
This discussion has been closed.