Bookie cant settle

hi guys... need a bit of advise...
I am a regular sports betting person. This past weekendI took a 11 pool soccer multiple with my bookie. 85000/130 and another 5 pool multiple bet 22105/270.

Yesterday I went in to collect, but the guy said he could only pay me 15k and can collect the rest today ( tuesday )as he took a cover on my bets and need to collect from other bookmakers. I agreed...
On arrival today, I was told that the other bookmaker had not settled as yet, as all bookies throught the country got hammered on the Sports this past weekend, as all favourite results came in?
However he said that he will settle this eve...
where do i stand if he doesnt.

I know someone who is in the same shoes with a online bookie.

He took a 5 way multiple that worked out to R40k to R500 and also a horse-racing bet
R50k to R300 or so . Smart man took a good treble on Sweet Sanette, Smart Banker and the woodruff horse in the last.

Online bookie not returning his calls.

Hello Icon, first I would give him the chance to settle, I am sure if the punter had "fallen in" the bookie would be accepting a few post daters?

However I am sure the bookies are under Gauteng Gambling Board, www.ggb.org.za
and they would hold a guarantee on the bookies behalf for this type of case, not sure for the entire country, but remember Hannes Oberholzer was the man up North.

hope this helps?

had to put people off many times when i worked for a bookmakers,usualy because my boss couldnt be arsed going to get cash and bringing it the hour car ride..

you have a right to take the bookie before the gambling board which licenses him. and there is a guarantee fund available if the bookie cannot pay.

GIVE HIM A CHANCE TILL THIS EVE.IF YOU HAVE A VALID TICKET, HE HAS TO PAY,EVEN IF HE HAS TO SELL HIS ASSETS.

If he is smart all assetts, not included for collateral,will be protected(in a trust or the like)
The gaurantees should be OK but I am not sure how claims(if they exceed the limit in the aggregate)are distributed......ie in order of claim or in proportion?
My advice is make a claim now......you can always withdraw on settlement rather than be kept on a string and be a late claimant!

thanks guys... just got a call to collect. Apperently he got his money from the other bookmaker.

OR HE WAS READING THIS THREAD AND GOT SCARED!

Best result Icon.....well done BTW!

nice result, your bookie probably had a settle up date with the firm he hedged your bet with

I am still waiting a R6000 payment for 8 days from a very well known online bookie. I am slowly loosing my rag. I have been told 4 to 5 working days. Then 5 to 7. Yesterday was told that there is a problem with the bank.

If it is not in by the 7th working day I wil be sure to let all and sundry know who it is.