Should Bookies be reported to the Gambling Commission?

[Xray]

I can fully understand their requirement to manage risk but I feel it is unfair and unacceptable for a bookie to quote a price and then refuse to honour it as a result of a 'trading decision'. They should manage their risk by limiting ALL their customers not just a few. Surely this is an unfair business practice. If a shop incorrectly marks an item with a wrong price, they are obligated to sell at that price so why should these rogues get away with it?

[Norfolk Enchance]

Re: Should Bookies be reported to the Gambling Commission?

They should manage their risk by limiting ALL their customers not just a few

I agree with this. Considering the overrounds applied by most bookies, they shouldn't need to restrict some customers and not others if they manage their prices properly. Pinnacle (and a couple of others) seem to manage their risk very well with a much smaller overround by constantly adjusting prices according to weight of money. Slapdash suggested fractional odds might be one reason they don't move with the times. It is much easier to adjust decimal prices. A lot of mugs use fractional odds though and the bookies would hate to lose them ;) I don't think the GC will care though to be honest. They didn't care when premierbet disappeared with some punters' money. Problem is the general public tends to view all gamblers as losers. They don't realise that some people actually make a decent profit over time..... or at least they would if bookies allowed them to continue to win!