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Author Topic: Ooops Betfair  (Read 3900 times)
bobby1
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« on: December 28, 2011, 04:11:29 PM »



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.
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Girgy85
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« Reply #1 on: December 28, 2011, 04:12:54 PM »


Being discussed here buddy..... http://blondepoker.com/forum/index.php?topic=55617.825
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bobby1
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« Reply #2 on: December 28, 2011, 04:14:48 PM »

Tx mate
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Karabiner
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« Reply #3 on: December 28, 2011, 04:24:52 PM »

I see I'm not the only one who keeps £600M in my BF account.
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« Reply #4 on: December 28, 2011, 04:33:26 PM »

lol Ralph.
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redarmi
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« Reply #5 on: December 29, 2011, 12:04:34 AM »

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.
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Chompy
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« Reply #6 on: December 29, 2011, 12:18:32 PM »

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.
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gouty
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« Reply #7 on: December 30, 2011, 06:01:34 PM »

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.
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Chompy
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« Reply #8 on: December 30, 2011, 06:29:40 PM »

You were expecting Tarrrrnya to get into the nitty gritty of this whole Betfair issue?
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"I know we must all worship at the Church of Chomps, but statements like this are just plain ridic. He says he can't get a bet on, but we all know he can."
gouty
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« Reply #9 on: December 30, 2011, 07:04:57 PM »

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

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gouty
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« Reply #10 on: December 31, 2011, 09:22:45 AM »

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.
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« Reply #11 on: December 31, 2011, 10:25:38 AM »

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
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« Reply #12 on: December 31, 2011, 10:29:03 AM »

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.
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redarmi
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« Reply #13 on: December 31, 2011, 11:41:05 AM »

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.
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FUN4FRASER
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« Reply #14 on: December 31, 2011, 11:51:01 AM »

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) ?
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