Obviously the most common reason a book cancels a wager or wagers is because a bad line, number, or price was typed incorrectly.
Mistakes are understandable.
But let's look at other scenarios....
Let's say a wager is made between 2 individuals over the phone or in person, whether it is between you & your bookie, or any other 2 individuls.
You offer the other person the Cleveland Cavs -3, and they gladly accept with what seems to be much excitement on their part.
You later realize you made a mistake, and the going line for the Cavs is
-8, and either you weren't thinking straight, or misread the actual line on the game earlier. Now you understand why the other party was so happy & accepted your wager immediately.
You call the guy you have been wagering with and try to explain to him that you made a mistake on the line, and ask him if you can cancel the wager. 9 out of 10 times, the guy will laugh at you, and tell you that "No I'm sorry, that was the wager that was agreed on, just like every other wager we have settled on for the past few months (Or Years). You finally realize it was your mistake, and you have to live with it hope for the best.
Scenario 2 would be you making a bet with your local bookie who you've been dealing `business with for quite a long time. It's rare that it would ever happen, but your bookie makes the similar mistake as above. He's not going to call you back later & tell you the bet is off because he gave you the wrong line, because he knows it was his mistake & he has to eat it, plus the fact that he doesn't want to jeapordize losing a customer.
Basically, when a wager is agreed on, should it stand under all circumstances?
Since most of the wagers in question are made online, when the bet is placed, and you click ok, it goes through and says "Wager Accepted!", shouldn't that be official? Isn't that almost equivalent to a handshake between 2 bettors in person?
I find this an interesting debate, and mistakes are understandable, but when you're talking about gambling, where do you draw the line?
(<)<
Mistakes are understandable.
But let's look at other scenarios....
Let's say a wager is made between 2 individuals over the phone or in person, whether it is between you & your bookie, or any other 2 individuls.
You offer the other person the Cleveland Cavs -3, and they gladly accept with what seems to be much excitement on their part.
You later realize you made a mistake, and the going line for the Cavs is
-8, and either you weren't thinking straight, or misread the actual line on the game earlier. Now you understand why the other party was so happy & accepted your wager immediately.
You call the guy you have been wagering with and try to explain to him that you made a mistake on the line, and ask him if you can cancel the wager. 9 out of 10 times, the guy will laugh at you, and tell you that "No I'm sorry, that was the wager that was agreed on, just like every other wager we have settled on for the past few months (Or Years). You finally realize it was your mistake, and you have to live with it hope for the best.
Scenario 2 would be you making a bet with your local bookie who you've been dealing `business with for quite a long time. It's rare that it would ever happen, but your bookie makes the similar mistake as above. He's not going to call you back later & tell you the bet is off because he gave you the wrong line, because he knows it was his mistake & he has to eat it, plus the fact that he doesn't want to jeapordize losing a customer.
Basically, when a wager is agreed on, should it stand under all circumstances?
Since most of the wagers in question are made online, when the bet is placed, and you click ok, it goes through and says "Wager Accepted!", shouldn't that be official? Isn't that almost equivalent to a handshake between 2 bettors in person?
I find this an interesting debate, and mistakes are understandable, but when you're talking about gambling, where do you draw the line?
(<)<
