Carnage on the FGS market

away you penny-pinching muppets. i want to back SWP at 38.

reason
Regular MoneySaver



Join Date: Nov 2006
Post Count: 170
Thanked 90 Times in 44 Posts

Well I checked my balance and it said 0.00.. I was baffled too..

Then I checked my statement and it says -11.8k

I'm not joking.

I'm just on the phone to Betfair to see if they're gonna help me out of this in any way because I don't have a penny to give em.

I feel really stupid now. numbers were good, didn't consider void bets at all..

I'm still speechless.. dumbest thing I've ever done in life...

I think I took the biggest losses here.. it did seem to good to be true... whats done is done now.. incredible..

I actually withdraw my money off betfair when Tim advised we were gonna get screwed.. whether or not I receive that money to my bank.

Off phone now.. manager is ringing me back.. I'm just gonna tell him I can only make token payments each month.. I cannot write a cheque for 12k.

I can only pray they write this debt off... god I dunno.. worst case, I'll have to leg it.

:D

:^0

The OED should put a link to this thread under its entry for 'schadenfreude' :D

WOFL

Betfair Gold - true classics revisisted !!

Was here on the forum when it happened. What a day!

not a great day we were without FGS bettin for 8months or somit like that!

:p

Why this focus on Icesave?

My overall reason is because its cash ISA is currently one of my top picks (see top cash ISAs) and its savings account is still one of the highest interest payers (see top savings). Therefore its an account that many, choosing on standard MoneySaving terms, should be picking/using.



http://blog.moneysavingexpert.com/2008/04/01/icesave-how-safe-are-your-savin...

Therefore its an account that many, choosing on standard MoneySaving terms, should be picking/using.

Shrood

ttt

Happy memories of this day. Think I got Walcott @ about 16/1 fgs :D

brilliant thread :D, sharp minds here

they all got away with it though

Hahaa, just got linked to this thread.

I did the same thing back in 2005.

Betfair never bailed me out though, i might have to write to them... ;-)

Thanks
(NotSo)CleverShrek

pmsl best thread ever

One of the greats. :D

gold, absolute gold. Mate told me to read this. Glad i did.

I was here on this day, happy memories...... :)

.

.

.

.

.

its ok kev, its back :)

lol just making sure

"It's a wind-up guys. If only it were so easy to make money"

"no wind up!
I've got greens across the board!"


:^0

This (and the money forum thread) deserves it's own book!

ha ha
a classic

This won?

Did betfair write the debt off in the end?

Cheers

Lest we forget

Still the best thread ever.

I remember this one...
This is probably why the PC was introduced, so BF could afford to pay off everyone's debt, and yes, the debts were written off. Disgusting imo.

Justiki 13 Apr 21:40


"It's a wind-up guys. If only it were so easy to make money"

"no wind up!
I've got greens across the board!"




:^0 :^0 :^0

Best thing I have ever read :D

:D

:^0

Welcome back. :)

i love this thread.

Good spot dude, I've just done it! I just used FairBot to dutch the whole market in a few seconds. for £60 profit.

The Following User Says Thank You to reason For This Useful Post:

___________________
yeah ,very useful :D

what do you do if it isnt matched? eg i have theo w at 27, market is now 32??

I think we broke it, the lay overround has dissappeared!?? Bak now, 110%

All gone 97% now
____________________-

jeezzzz :0

this is my favourite one.
................................

cheers

Fairbot is the business - how come it was never discussed here before

I wonder if Betfair know what has hit them !!!!



:^0

I just had an enjoyable twenty minutes reading through all this. Haven't seen it before. So all those guys who had huge liabilities got away with losing nothing or at most their balance? Betfair didn't realise the chance of these liabilities exceeding their balance? And then it took eight months for them to reinstate FGS markets in a proper way? How much do you reckon Betfair lost?

WOW

I can sympathise with those guys (at the same time as reveling in schadenfreude) as I've experienced heart-in-mouth-adrenalin-rushing moments when suddenly you realise that arb is completely wrong and you've only gone and dutched two different matches happening on different dates or something then you've got to find a way of trading out of it for damage limitation while kicking yourself for being such an idiot. But those were like 5 or 6% arbs that could have been right. 140% books that never seem to run out of money to give you - that's just classic!

Happy Anniversary :-)

different gravy B-)

"On the BBC site, there's talk of the kick-off being delayed... it may buy a little more time to find a way out of this"


LOL!

pmsl...loved how excited they were getting, then it dawned on them that they could lose a load of money :D

never fails to raise a smile this thread

unlucky martin lewis the smug git imo

love it

What was the outcome? Did the burn all their money or get some back?

chap said 50% of betfair users did the same thing

sounds a bit high.

this and obeone, the all time classics. should both be pinned to the top of the board with official betfair laughing faces next to them imo.

MoneySavingExpert.com thief 26 Feb 12:46

FFS where is the first scorer market for the Stoke Barnsley game? I wanna have another go.

:D

trading office backing and advised on mse to lay

this must have happened

ttt

ttt

ah, the mummy shaving experts.

"Does Not Work!!! Ignore"

best thread i have ever read on betfair

Been here sometime, seen some threads, but this....any betfairian should read this, I was there

the mummy shaving experts

err.. theres no money exposed on this market. So I lose not a single penny.
Doesn't really matter if a player doesn't play.. because you only need another to score, and I got 3.5k profit on no goal scorer too... fully greened up.. no exposure. locked in profit regardless what happens.

Read through most of this thread and the stuff on MSE. Made my night, should be made into a comedy film. Nearly had me in tears of laughter.

ttt for the newbies if you haven't seen this before. Read the first 2 links posted on page 1 then read this thread.... It deserve to be brought back after all these years...Still the funniest thread ever on any forum by miles.

Is it still happening?  If so, which market please?

and betfair let the coupon snipping ponces off!

and yes this is a truly legendary fred - ta for topping it.

Was there ever a MSE forum invasion after the carnage?

ah, the mummy shaving experts. my all time favourite thread.

I carried out a brief mini invasion, owl.

Great thread, the sheer stupidity astounds me.

one for the ages

one of the top 10 ever threads on betfair

Off phone now.. manager is ringing me back.. I'm just gonna tell him I can only make token payments each month.. I cannot write a cheque for 12k.

I wonder if Betfair know what has hit them !!!!

Cliffs note for the MSE thread please?
Did it all go t!ts up

I'm astounded and have been captivated by this for the past half hour or so. It may also explain why I had a liability on the Davis Cup market before the final even though I was green on Spain and the Czech Republic.

Just quality.

"STOP NOW!

This is not like a normal market where all outcomes are possible, you *will* lose money when bets are voided because players don't start. In fact this is a classic betfair forum windup/ramp tactic. And yes you can overrun your betfair balance doing this.

Thread locked"

there ya go

Had forgotten about this. There's a classic post on the MSE thread where some bloke says "I'm making £12 every 5 seconds and now I'm 3.5k up"................about 2 hours later it's " I've lost 11.8k"

Ah memories, and spectacular entertainment, far better than the match in question. I was watching both the thread on here (not this particular thread, and I beleive like the MSE one it was removed) and the MSE one at the same time, a car crash waiting to happen. People on both threads saying what the **** are these guys doing we are going to make lots of money here, fairly obvious who going to getting it right.

Yeah spot on thewrongtrousers. Both original freds as it was happening are gone now, but following both in real time was hilarious. Some great old forum names on this fred though.

This is the oldest thread I've ever seen

I thought thread was an historical journey about the last time Arsenal won a trophy.  Then I realised it wasn't old enough.

ttt

Ttt

Hard to comprehend this was 15 years ago.  I opened an forum account with MSE because of the matched betting threads.  I wanted to bet something on Betfair, creating an arb in the process, and posted the risk free bet on MSE.  I got a bit of abuse and my MSE account was blocked.  Charming!  I was legitimately offering them some risk free cash.

Mar 16, 2022 -- 9:30PM, CLYDEBANK29 wrote:

Hard to comprehend this was 15 years ago.

Ha, same here. Matched betting on MSE.

Lol