blonde poker forum

http://www.racingpost.com/news/horse-racing/leopardstown-voler-la-vedette-punters-left-in-dark-over-betfair-mystery/968454/

Whatever happened here it does not inspire confidence.

Being discussed here buddy..... http://blondepoker.com/forum/index.php?topic=55617.825

Tx mate

I see I'm not the only one who keeps £600M in my BF account.

lol Ralph.

Something like this actually happened to me once on Betfair.  At the time I was punting largely for someone else and put in a £5k bet on Betfair but I was using Google chrome and the software eroneously fired in the bet four times....was in running and something happened in the game and the bets were instamatched.  I complained and they gave me my money back for all bar one of the bets....surely something like that has happened here but Betfair obv couldn't swallow it here.

Happens innit. I once tried to place lay a favourite IR at 1.8 and left the decimal point out, which was marv.

Whoever got it thankfully let me back it back at 3.5 odd and the damage wasn't as bad as it might have been.

Of course, the VLV case, in which someone laid 29 instead of 2.9 sure is completely different.

I think the whole thing is a proper scandal.

In running markets are now useless as they cannot be trusted for hedging/closing out positions. The big question is will Tanya just gloss over it on the Morning Line tomorrow? I feel there is something not right about the ch4  relationship with betfair. All the hollering about best prices with no mention of commission charges is plain not fair.

Will she come out firing on the side of the punter, her viewers after all?

Or less than a minute of news and on we go with Whaley-Cohen chum fest! She probably thinks he rode a top ride on Boxing Day.

You were expecting Tarrrrnya to get into the nitty gritty of this whole Betfair issue?

Nope. I just hope it does not turn into a betfair advertisement on tomorrows show because she panders to them in my opinion. If she rips them apart my faith will be restored!

I even hope Big Mac is on as he will put the boot in. I have never had that feeling before. Hehe

Well that was pretty lame. Software glitch. Ho hum never mind. Let's all just carry on as before?

All our Tan did was explain what happened in laymans term and gave NO opinion whatsoever. What sort of journalism is that?

She even said "the customers account" when it could very well be an in house market seeding bot.

Very strange.

Strikes me that the simple resolution here is that everyone abandons bet fair if it's really that bad. I'm pretty sure that wont happen

Will not happen for now because there is no viable alternative. I'd have jumped ages ago if there were. Amazing how quickly Betfair have gone from being adored to loathed by just about all customers.

Its fall from grace really is remarkable.  The arrogance that the firm has developed really is remarkable and although it is still a great product you get the sense that they won't be happy until they are making the same profit margins as their competitors the bookies which they don't seem to understand will mean that it is no longer a great product.  Like most bookies they don't seem to realise that 2% of £20bn is more than 10% of £1bn....only Pinnacle and the Asians seem to get it and they are getting the absolute lot.

Good Post...I assume you are concluding this because they are predominately playing /laying the asian handicap market , and as a consequence their % over round is very small thus making it comparable/better that betfair(after commission) ?

Pinnacle do the same in the States for US sports.  They realise that if they are the best price about both teams that you will take a massive amount of volume.  This is obviously much harder to do with something like horseracing with a lot of runners but the model is still valid.  Problem is that you have to have very good traders and odds compilers or else the low margins turn into a loss very easily and most firms just employ people with, at best, limited skills.  By way of example I have an acquaintance who is the trading director of a big sportsbook nowadays.  In an earlier role he was head of trading for a big US facing online sportsbook and they put up a prop on whether the coin toss would be heads or tails 10/11 each of two and took a fair bit of money on heads so he went 4/6 heads and 11/10 tails.  When your head trader can make such fundamental mistakes as that you can't go 1.97 each of two on a football match!!!!

The statement from CEO states that the account had no commercial link to betfair other than being a customer.

I find this incredible. Can you believe anyone would of managed to keep a lid on this? Imagine if it was you? Just sit tight and tell no one?

Defo something fishy here. I think if it was a customer it would be all over the net by now who it is.

Okay..thanks for that.

..is Tony Bloom involved / owns Pinnacle ? as I know asian handicap is his thing

Wonderful.

I'm still with heads here coz that's where all the shrewd money has been.

To be fair if he had known that the coin had been trained by Stuart Williams I would probably want to be on heads too.

No - Tony hasn't had any formal bookmaking involvement since he sold Premierbet as far as I know he is very much a punter/position taker although that isn't to say he doesn't lay bets because I am sure he does but he doesn't look to lay both sides if that makes sense.

Sigh, my bot just laid £400m at 29 tails while the coin was in the air  :(