New Posts For Thread: mark davies viewhttps://community.betfair.com/general_betting/go/thread/view/94082/28805223/mark-davies-viewhttp://www.markxdavies.com/ interesting to read always think he gives a good perspective on things as one of the old guardSo not only has Betfair never, as far as I am aware, used the palpable error rule before, when there has been obvious palpable errors, the rule itself is iffy in itself.https://community.betfair.com/general_betting/go/thread/view/94082/28805223/mark-davies-view?post_id=514418053#514418053So not only has Betfair never, as far as I am aware, used the palpable error rule before, when there has been obvious palpable errors, the rule itself is iffy in itself.Sat, 31 Dec 2011 08:35:52 -0600I have written this before. I am no legal expert, but I did take a careful look at one point at the legalities of voiding bets under the palpable error rule.I would love to see this "rule" tested once and for all in the law courts, because I do nothttps://community.betfair.com/general_betting/go/thread/view/94082/28805223/mark-davies-view?post_id=514416001#514416001I have written this before. I am no legal expert, but I did take a careful look at one point at the legalities of voiding bets under the palpable error rule.I would love to see this "rule" tested once and for all in the law courts, because I do notSat, 31 Dec 2011 07:38:44 -0600To quote from the blog "Suggestions that there is a legal claim don’t get to the starting gate."... "quite clearly falls under the palpable error rule"I didn't realise he was a legal expert myself.Mark Davies is making his own legal challenge regarhttps://community.betfair.com/general_betting/go/thread/view/94082/28805223/mark-davies-view?post_id=514412673#514412673To quote from the blog "Suggestions that there is a legal claim don’t get to the starting gate."... "quite clearly falls under the palpable error rule"I didn't realise he was a legal expert myself.Mark Davies is making his own legal challenge regarSat, 31 Dec 2011 05:26:18 -0600Mordin,Great minds et al:-Dear XXX One or more of your bets, placed on the market has been voided/lapsed by Betfair. Whilst these bets were all placed in good faith, in order to be fair to all users we have had to void/lapse them.Should you rhttps://community.betfair.com/general_betting/go/thread/view/94082/28805223/mark-davies-view?post_id=514400397#514400397Mordin,Great minds et al:-Dear XXX One or more of your bets, placed on the market has been voided/lapsed by Betfair. Whilst these bets were all placed in good faith, in order to be fair to all users we have had to void/lapse them.Should you rFri, 30 Dec 2011 18:30:56 -0600*It was still available at long odds in the photo.https://community.betfair.com/general_betting/go/thread/view/94082/28805223/mark-davies-view?post_id=514369047#514369047*It was still available at long odds in the photo.Fri, 30 Dec 2011 04:42:28 -0600The horse was crossing the line, and being offered at 29. People can argue all they like that they were backing it there and laying it off elsewhere, such that voiding the Betfair side means that they lost out; but they cannot possibly have been backhttps://community.betfair.com/general_betting/go/thread/view/94082/28805223/mark-davies-view?post_id=514369029#514369029The horse was crossing the line, and being offered at 29. People can argue all they like that they were backing it there and laying it off elsewhere, such that voiding the Betfair side means that they lost out; but they cannot possibly have been backFri, 30 Dec 2011 04:41:46 -0600I don't think their is a moral here. I suspect that is the values had been less fantastic Betfair would have settled the bets out of goodwill like they did for the moneysavingidiots that time. If you were running Betfair today can you honestly say yohttps://community.betfair.com/general_betting/go/thread/view/94082/28805223/mark-davies-view?post_id=514367433#514367433I don't think their is a moral here. I suspect that is the values had been less fantastic Betfair would have settled the bets out of goodwill like they did for the moneysavingidiots that time. If you were running Betfair today can you honestly say yoFri, 30 Dec 2011 03:03:34 -0600We know for sure they would have voided all the bets even if it lost - they told us this (after the race)https://community.betfair.com/general_betting/go/thread/view/94082/28805223/mark-davies-view?post_id=514359461#514359461We know for sure they would have voided all the bets even if it lost - they told us this (after the race)Thu, 29 Dec 2011 18:40:00 -0600So Catto - the moral of the story - if you are going to make a mistake, make it a fecking huge one?Seems fair enough -https://community.betfair.com/general_betting/go/thread/view/94082/28805223/mark-davies-view?post_id=514359427#514359427So Catto - the moral of the story - if you are going to make a mistake, make it a fecking huge one?Seems fair enough -Thu, 29 Dec 2011 18:38:48 -0600EddieWell I suppose we'll never actually know will we ?.But I think they would have voided the market irregardless.After all someone was going to notice and comment on the irregularity of such an enormous potential liability ?These sorts of things dohttps://community.betfair.com/general_betting/go/thread/view/94082/28805223/mark-davies-view?post_id=514359407#514359407EddieWell I suppose we'll never actually know will we ?.But I think they would have voided the market irregardless.After all someone was going to notice and comment on the irregularity of such an enormous potential liability ?These sorts of things doThu, 29 Dec 2011 18:37:55 -0600