Is PaddyPower right not to pay out now on these “2020 or later” bets?

Is PaddyPower right not to pay out now on these “2020 or later” bets?

Quite often punters contact me about disputes they are having with bookies and this is a case where I think the bookie, PaddyPower is wrong. The bets the punter made were:

  • When will Donald Trump cease to be POTUS? ‘2020 or later’
  • When will the next IndyRef take place (in Scotland)? 2020 or later’.
  • When will alien existence be proven? ‘2020 or later’.

In all 3 cases he expected PaddyPower to pay out after New Year’s Day. It is now 2020 and the events set out in the bets have not happened. After giving PP more than a fortnight he queried via Live Chat and was told that they won’t settle because the bet says ‘2020 or later’ and the event hasn’t happened at all yet so the bet hasn’t won.

I totally agree with his contention that this is unfair and the bet may never settle with this interpretation, and basically that in context the bet clearly implied it was ‘Not before 2020’. He’s now escalated this to the Escalation Team at PaddyPower, the step before IBAS – the external arbitration scheme.

I’ve long since stopped betting with PaddyPower after an argument over how a bet should be settled. It appears that too often the firm is putting up betting markets with the intention of generating media coverage rather than betting.

I’ll report back if I get news of any development here.

Mike Smithson

Comments are closed.