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Betfair Void Bets

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  • #20633
    Blunkett
    Participant
    • Total Posts 423

    Has anyone seen this story?

    21 million available to back on VDV in running – even as it crossed the winning line! Unbelievable scenes. Betfair have voided all bets due to a technical error, which allowed a customer to exceed his exposure limit.

    I had a cheeky tenner on, thinking that I might have got away with it. Sadly, my Christmas bonus was voided.

    Anybody else any views on this? Here’s a tasty screen shot.

    [deleted]

    #384626
    yeatsyeats
    Participant
    • Total Posts 2923

    Do you think you would have got your tenner back if it had lost?

    #384628
    GingertipsterGingertipster
    Participant
    • Total Posts 26575

    It was bound to be void.
    Someone can not pay if they haven’t got the money.

    Blunkett,
    You ought to delete that betfair link, as it gives your username.

    value is everything
    #384629
    Eclipse First
    Member
    • Total Posts 1571

    If it is a one-off then I do not suppose it will affect things much but if it happens again quickly it will call the integrity of their site into question. The mug punters already think they are getting ripped off so when something like this happens it merely serves to confirm their prejudices.

    #384631
    yeatsyeats
    Participant
    • Total Posts 2923

    It was bound to be void.
    Someone can not pay if they haven’t got the money.

    It’s good to know some people believe everything they’re told :roll:

    #384633
    robnorthrobnorth
    Participant
    • Total Posts 4567

    Yeats

    If in general we didn’t, the world would descend into anarchy.

    Rob

    #384635
    GingertipsterGingertipster
    Participant
    • Total Posts 26575

    Did you see how much money was "available" Yeats? And at that price at that stage of the race…

    And you think it is a "genuine" bet? :roll:

    value is everything
    #384636
    ZarkavaZarkava
    Participant
    • Total Posts 4708

    Very interesting Betfair term & condition here;

    http://t.co/mRnYj0iP

    #384640
    yeatsyeats
    Participant
    • Total Posts 2923

    Did you see how much money was "available" Yeats? And at that price at that stage of the race…

    And you think it is a "genuine" bet? :roll:

    People do make mistakes, how many people do you know to get a bet on Betfair that exceeds their limit? Any advance on none?
    What a coincidence the one time it happens it’s for the wrong price for millions.
    Rumour has it, it was Betfair’s own layers laying the bet, lets see evidence it wasn’t.

    #384641
    paulostermeyerpaulostermeyer
    Participant
    • Total Posts 4607

    Very interesting Betfair term & condition here;

    http://t.co/mRnYj0iP

    It is very difficult to come to a judgement based on a single rule taken "out of context" of the full set of rules.

    On the face of it this rule suggests the bets will stand, however is there another overriding rule to trump this one?

    For example do Betfair have a "palpable error" rule?

    This sort of event could potentially line a few lawyers pockets.

    My first reaction when I saw it was either a "system error" or a "hacking" incident.

    #384645
    GingertipsterGingertipster
    Participant
    • Total Posts 26575

    Did you see how much money was "available" Yeats? And at that price at that stage of the race…

    And you think it is a "genuine" bet? :roll:

    People do make mistakes, how many people do you know to get a bet on Betfair that exceeds their limit? Any advance on none?
    What a coincidence the one time it happens it’s for the wrong price for millions.
    Rumour has it, it was Betfair’s own layers laying the bet, lets see evidence it wasn’t.

    Yes, people do make mistakes Yeats, but unless this punter missed out the decimal point in the price and stated how many pennies not pounds he wanted on…

    It was obviously more than a "mistake". I suspect some sort of sabotage.

    "Rumour"s and conspiracy theorists. :lol:

    If it is too good to be true… :wink:

    value is everything
    #384647
    yeatsyeats
    Participant
    • Total Posts 2923

    If it is too good to be true… :wink:

    Yeah, there’s been a few at a 1000 but they’ve been paid out haven’t they? maybe it depends who the layer is.

    How many punters do you know to get a bet on Betfair that exceeds their limit?

    #384657
    betlargebetlarge
    Participant
    • Total Posts 2663

    This is a hack. Big PR problem for Betfair, but ludicrous to expect payment on a past-the-post horse at 29/1.

    Mike

    #384660
    ricky lakericky lake
    Participant
    • Total Posts 2358

    Could someone please explain how the "hack" works in theory please

    How can this possibly happen to Betfair

    thanks

    Ricky

    #384663
    Eclipse First
    Member
    • Total Posts 1571

    A "hack" means their security has been breached, so there is no knowing whether their customer’s personal details etc have been compromised. Not that I would want to spread panic, but if I hadn’t closed my Betfair account some time ago I would be doing so with the utmost haste now.

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