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Talking Horses: punters could be left paying price for terrible precedent

While all of BetBright’s 35,000 customers have now been dealt with fairly, a very worrying precedent remains

The biggest betting race of the year, the Grand National, will be run at Aintree on Saturday. In addition to the millions of pounds staked in the hours before the race, punters sitting on an untold number of ante-post bets, some placed even before the weights were published in February, will also learn their fate.

Every one of those ante-post bets was placed in complete confidence that if the horse in question actually made it to the start on 6 April, the punter would get a run for their money. It is the same for every race with an ante-post market – including the Derby, the Gold Cup and many more – and it has been this way for generations. A bet struck in good faith cannot be unilaterally declared void by one of the two parties to the wager. It is a principle that underpins the integrity of the entire gambling market and industry.

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