Tiger Roll achieved an amazing fete yesterday, that being winning the Grand National two years on the trot, and many bookies have been left to lick their wounds, for that horse was the 4/1 favourite to win that race and many punters had placed a bet on it.
The Grand National is the one race in the UK that attracts by far and away the very highest volumes of bets and wagers, and most adults in Great Britain will have placed one or more bets on that race yesterday.
It is true to say, however, that many punters opted to place an each-way bet on the Grand National, as by doing so they would at the very least get something back if their chosen horse finished in one of the top spots of the race.
However, as soon as the race was run it became apparent that some betting sites had put in place some rather unfair terms and conditions regarding their each-way betting, and many punters took to social media to express their outrage at what they felt had been a way of ripping them off.
Coral, who own and operate a large chain of betting shops were one bookmaker that were taking a lot of stick yesterday regarding their each-way betting terms and conditions, for it appears that punters who had placed an each-way bet before the 1st of April would be paid out to a small number of places than punters who had placed a bet after that date.
Coral’s each-way betting terms stated that punters placing an each-way bet on the Grand National before the 1st of April on any of their betting sites, apps, over the phone or in person in a betting shop would only be paid out to four places.
However, those betting after that day would be paid out to 6 places or five places if they placed a bet in their betting shops. The moral of this story is to always read through the terms and conditions of any bets you intend to place to save you being short-changed.