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tashkent terror
04 May 23 22:19
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Date Joined: 02 Dec 05
| Topic/replies: 1,424 | Blogger: tashkent terror's blog
Market suspended last couple of days...anyone know best way to contact them to re-open? Not on twitter etc. thank you

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Replies: 161
By:
impossible123
When: 04 May 23 22:37
No reason was given when I did 2x on online chat. It's very strange. The player who was active had disappeared altogether.

Could status quo remain until all 3 events have taken place?
By:
everyone's a winner
When: 06 May 23 10:17
I suspect it's because it's not been clear if the outcomes are suppose to be mutually exclusive, or if more than one can be successful. So people were thinking there was an obvious arb when there wasn't supposed to be.
By:
impossible123
When: 06 May 23 10:28
The bets are evidently clear. They are independent eg EPL/FA/EC
                                                      EPL/FA
                                                      FA/EC
                                                      EPL/EC
Using horse betting as a guide eg 3 horses: 1 treble; 3 doubles (multiple trophies/not single)

They are blindingly obvious to me.
By:
everyone's a winner
When: 06 May 23 10:41
yes but i bet someone's argued differently and as BF hadn't put anything in the rules to clarify, they've suspended. not defending it, just what i surmise. I looked at the market a few weeks ago and i thought there was something odd with the prices. as i didn't understand why, i left it alone, as it usually means i'm missing something obvious Grin
By:
impossible123
When: 06 May 23 11:02
I believe a big player was trying to bluff or manipulate others into giving them a bigger price eg backing and laying at the same time eg lay at 10; back at 15 (repeatedly) - no doubt some succumbed. The individual tried to corner the market gor a profit (hopefully).

Nelson Bunker Hunt tried to corner the silver market several decades ago. And, what happened?
By:
impossible123
When: 06 May 23 11:09
In the past I've left money to back a horse at a much larger price; the horse was withdrawn and my bet was executed.

One punter left many £k's on a date for Mrs May to call a General Election a whole point over market. An impromptu announcement took place one afternoon, and a snap election date announced. The bet  was executed - money lost!
By:
tashkent terror
When: 07 May 23 09:05
Agree with imposs...you can't get more clearer than Man City to win "No trophies". They either win one of the 3 or they don't.
How many other markets are opened daily with not all outcomes listed? I've seen cycling races won by a rider not listed!

Makes no sense to suspend.
By:
Emitdeb
When: 07 May 23 09:09
Yet this market is still suspended!!! ConfusedConfusedSad
By:
impossible123
When: 07 May 23 16:51
I think players will need to be aware of these 3 important dates eg:-

1) Premier League: 28th May (last game)
2) The FA Cup Final: 3rd June
3) European Cup Final: 10th June

I think Betfair need to update players on these on-going events no later than next week. Also, players need to keep enquiring The Exchange for a lifting of suspension.
By:
impossible123
When: 07 May 23 16:52
The thing is the markets for Arsenal is proceeding as normal.
By:
impossible123
When: 07 May 23 16:57
Is the same market available at other Exchanges eg Matchbook, Smarkets/Purple?
By:
impossible123
When: 07 May 23 18:53
European Cup: Real Madrid vs Man City (Tues 20:00). I hope Betfair makes a decision before this game as the result could be significant.
By:
impossible123
When: 10 May 23 09:05
I think everyone involved need to get in touch with betfair. Otherwise unlikely to be sorted prior to culminationation of events.
By:
impossible123
When: 10 May 23 21:21
Check out the same on Boylesport. The prices are phenomenally humongous much bigger than here before suspension.
By:
Emitdeb
When: 10 May 23 21:47
City for treble @ 2.25   (which is smaller) 2.4 here
By:
impossible123
When: 10 May 23 21:57
The major difference is the term "ONLY" meaning a Man City treble means just that ie it does not mean Man City winning any two competitions is also a winner as in The Exchange. Likewise on the other competitions.
By:
impossible123
When: 10 May 23 22:34
I believe The Exchange has made a big blunder here by not inserting "ONLY" in the different bets. "ONLY" will indicate the bets are mutually exclusive. Only one solution here ie a voidance of all bets, and start again.
By:
Emitdeb
When: 11 May 23 05:03
epl and fa cup = 3

epl, fa cup and ucl = 2.4 

It's not Rocket science but I suspect some smart arse has complained about the exact wording of the market! 

May be Betfair needed to insert the word only on all bar the treble and nothing markets. Even though that was bluddy obvious!
By:
impossible123
When: 11 May 23 08:57
Indeed. How can the odds for a Man City treble smaller than a double? It ought to be bigger, agree?
By:
impossible123
When: 11 May 23 08:59
Maybe the same person stated if Man City completes a treble, their double bets win too. They are using horseracing as examples eg 3 selections: 3 doubles and 1 treble. If one gets the treble up, one will get the doubles up too. And, this argument is being used here.
By:
Emitdeb
When: 11 May 23 11:33
Which trophies will Manchester City win in the 2022/23 season?


1..EPL & FA Cup & UCL

2..EPL & FA Cup

3..FA Cup & UCL

4..EPL & UCL

5..No trophies

Matched:
GBP 200,121

The market will remain suspended as we're currently investigating an issue with the setup of this market and working on a solution.

1.. and 5.. should be unaffected.
By:
impossible123
When: 11 May 23 14:01
Many thanks 'Emitdeb'. I think 1 is affected too for 2 reasons;-
1) why (1) was smaller price than the others given Man City needs top win all 3
2) those on 2/3/4 would probably have used (1) ro hedge given the bigger prices of others

I think, as the market was not well thought up or framed unclear eg no proviso eg "only" adjective used those on 2/3/4 could have used (1) to hedged against given its shortest price. As such, I believe the entire market ought to be voided and a new one set-up immediately given the proximity of culmination of the football events. The sudden and prolonged suspension of the markets are bad for the football, and the management of betfair.

Anyone agree?
By:
everyone's a winner
When: 11 May 23 20:03
yes, this is what i was getting at in my earlier reply. i can't see how they'll resolve it now, without voiding. it was the 'only' that was supposed to be inferred but evidently missing and i still doubt everyone saw it that way. at first glance i read it wrongly and thought there was free money to be had - in fact i'm sure someone posted on here to that effect at the time -  but then i realised what was presumably missing and left it. it's not as simple as 3 doubles and a treble, because in this instance, if the treble won then the doubles would lose and that's not usually the case with multiples/perms.
By:
impossible123
When: 11 May 23 21:29
I think the someone was me; I did not believe it at 1st either. But, as no other bookie offered what was on offer here eg multiples without any proviso I joined the party. However, post suspension I stumbled upon 'Boyles' offering a fairly similar string of bets but with the important proviso "ONLY" or "EXACTLY" in capital letters. And, no doubt the entity laying big here could be someone associated/seen what was on offer at 'Boyles'.

I agree. The only fair solution will be a voidance of all bets. The impromptu and long suspension can only rendered these bets flawed and iniquitous.
By:
tashkent terror
When: 15 May 23 12:54
You can't get much clearer when placing a bet on options 1 and 5 so how can they void?

If City win all 3 trophies option 1 is settled as a winner.
If City win a trophy option 5 "No trophies" has to be settled as a loser.

The only grey area is linked to 2, 3 and 4 and this will only apply if City win all 3. If they win 1 or 2 then all markets can be settled without issue.
By:
Emitdeb
When: 15 May 23 14:30
There will obviously be someone whining (no offence impossible123) if city does treble, "I backed EPL & FA Cup and they did, I want paying!" Laugh
By:
impossible123
When: 15 May 23 21:09
I backed EPL & UCL and EPL & FA Cup. I've also 'lay' the same and no trophy. However, with this continued and prolonged suspension there must be a huge ambiguity attached to the bets eg no insertion of "only" or "exactly" proviso. As such, I think those who'd backed correct "doubles" would ask to be paid too.

Also, the present continuous and prolonged suspension of the market even when no key games were being played would render the markets invalid, and not fit for purpose eg the participant would be unable to manage their position contrary to the existence and principle of The Exchange.
By:
impossible123
When: 17 May 23 15:36
Still no news or resolution on the suspension for an on-going market regardless that's decided by players with differing opinions/views. The market is sound, just let down by how betfair has framed it eg not inserting key word/proviso to ensure no ambiguity or perception otherwise, but clarity

The continued and sustained suspension of the entire market clearly exemplifies the ambiguity and interpretation of the individual market. I do not think there's an alternative except a total avoidance of all bets.
By:
blank
When: 17 May 23 22:52
It's not unheard of for Betfair to dip into their own pocket. They might do something like void 2,3,4, scrub losses people have built from betting on 1 & 5 and paying the winners themselves.
By:
impossible123
When: 18 May 23 08:40
I think the sooner the present markets are voided, the sooner a new one with provisos could be implemented - the present markets have been suspended for over a week now without any info/reason. But, it's evidently clear the present markets are flawed, and needed addressing immediately.

An on-going suspension without any given info/reason publicly as to why is a direct contradiction to the existence and purpose of The Exchange; suspension of a horseracing market can be easily accepted and understood eg uncertainty about the participation of a runner/s esp fav/a principal runner. But, a continuing suspension in a team sport like English football is so unnecessary, unjust and unprofessional for any players involved in the markets.

Come on betfair. Assume responsibility and make good your own managerial/unprofessional fault.
By:
Emitdeb
When: 18 May 23 13:24
If voided now, I will be fuming! SurprisedAngry
By:
impossible123
When: 18 May 23 15:37
I backed EPL and FA Cup too (why are you fuming 'Emitdeb' - I think MC will do the treble) nevertheless, a stake return now is the only option open to Betfair given no market.
By:
Emitdeb
When: 18 May 23 16:05
I backed the treble @ 2.5... After last night, it's considerably shorter. So I'll let that one ride thanks.
By:
tashkent terror
When: 18 May 23 17:13
They must have suspended so the position doesnt get any worse and they will be hoping City get beat in either UCL or FA Cup final then all bets can be settled. No way can they void a couple of these options (1 and 5) as they are clear as crystal.

If City win treble agree with blank they may have to take the hit on 2, 3, 4 or void them
By:
REDROB
When: 18 May 23 18:03
All or nothing imo, void all or none.
By:
REDROB
When: 18 May 23 18:05
Going out on a limb if they wait for the outcome, decision should have been made once the error was realised.
By:
tashkent terror
When: 18 May 23 18:31
Event Start Time
01 May 2023, 10:30
Win Only Market
Market Information
For further information please see Rules & Regs.
The market will remain suspended as we're currently investigating an issue with the setup of this market and working on a solution.
By:
impossible123
When: 18 May 23 18:53
"If City win treble agree with blank they may have to take a hit on 2,3,4 or void them"

What does that mean? A payout for those on EPL/FA; EPL/UCL; FA/UCL? Or if voiding them those who 'lay' treble would be out of pocket solely because of the ambiguity of the setup of the market.

If only a double achieved most likely EPL/UCL and EPL/FA the odds of 6 & 10 (here) are much bigger than treble will disadvantage the layer.

Whatever decision betfair makes it has to be immediate, and not post a trophy.
By:
impossible123
When: 20 May 23 20:06
Man City has just won the EPL. I wonder if betfair will make a decision in the next couple of days.
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