I know that the spreadbetting market is regulated by the FSA, but if a bookmaker refuses to pay out for a win on the horses, is it possible to take him to court?

A friend of mine says it is not, though I am sure that it must be possible?

Purely hypothetical chaps, but I could do with knowing the law on this.

Thanks.

UBR

You can also contact the:-

Independent Betting Arbitration Service, a non-statutory service which seeks to settle betting disputes. IBAS is supported by the main trade associations and all mainstream UK bookmakers endeavour to co-operate fully with any such procedure.

http://www2.atei.co.uk/default.asp?showid=8&pageid=199

It should be remembered, however, that in the UK and most other common law jurisdictions (including the States) bets, other than spread bets, are not actually legally enforceable in themselves. The UK government proposes to change this under the expected reforms. It should be remembered that very few mainstream operators, whether online or offline, would be prepared to antagonise a customer and risk negative publicity by refusing to pay out in circumstances where there is a genuine grievance.