New Posts For Thread: Clearly erroneous betshttps://community.betfair.com/general_betting/go/thread/view/94082/30732709/clearly-erroneous-betsRival exchange *markets has an interesting policy on betting mistakes:https://smarkets.com/erroneous-bets/TL;DR: They may void bets that are matched +/- 20% away from 'fair market price' on a runner.This seems a sensible idea, whereas Betfair seem peThis sort of rule a complete and utter reason not to touch tin pot exchanges (or bookies).https://community.betfair.com/general_betting/go/thread/view/94082/30732709/clearly-erroneous-bets?post_id=549960935#549960935This sort of rule a complete and utter reason not to touch tin pot exchanges (or bookies).Sun, 18 Sep 2016 09:17:22 -0500The only time that rule will ever be invoked is when smarkets market makers are on the wrong end of the bet. Prices on exchanges are fluid and continually changing , a market can move 15% in seconds with unruly horses at the start etc. If they were rhttps://community.betfair.com/general_betting/go/thread/view/94082/30732709/clearly-erroneous-bets?post_id=549944597#549944597The only time that rule will ever be invoked is when smarkets market makers are on the wrong end of the bet. Prices on exchanges are fluid and continually changing , a market can move 15% in seconds with unruly horses at the start etc. If they were rFri, 16 Sep 2016 15:38:33 -0500They're seeding their own markets, so this is a damage limitation exercise.Similar thing happened when the utterly clueless Ibetx mob were trading - they left a market up, I believe it was the Ryder Cup qualification market, while a tournament was behttps://community.betfair.com/general_betting/go/thread/view/94082/30732709/clearly-erroneous-bets?post_id=549925677#549925677They're seeding their own markets, so this is a damage limitation exercise.Similar thing happened when the utterly clueless Ibetx mob were trading - they left a market up, I believe it was the Ryder Cup qualification market, while a tournament was beWed, 14 Sep 2016 12:32:36 -0500he's right.....no good reason at all to ever deviate from 'every bet stands'... fair clear easyhttps://community.betfair.com/general_betting/go/thread/view/94082/30732709/clearly-erroneous-bets?post_id=549921103#549921103he's right.....no good reason at all to ever deviate from 'every bet stands'... fair clear easyTue, 13 Sep 2016 18:58:01 -0500https://community.betfair.com/general_betting/go/thread/view/94082/30732709/clearly-erroneous-bets?post_id=549917863#549917863Tue, 13 Sep 2016 12:39:17 -0500Don't hold back, tim!https://community.betfair.com/general_betting/go/thread/view/94082/30732709/clearly-erroneous-bets?post_id=549914455#549914455Don't hold back, tim!Tue, 13 Sep 2016 01:06:46 -0500WTF??? What a load of phucking wusses on here! You phuck up, you pay the price; it`s very simple. I can only assume those in favour of such wet-nursing are blame-culturists, on the dole, used to having someone else pay for their mistakes and all-rounhttps://community.betfair.com/general_betting/go/thread/view/94082/30732709/clearly-erroneous-bets?post_id=549914283#549914283WTF??? What a load of phucking wusses on here! You phuck up, you pay the price; it`s very simple. I can only assume those in favour of such wet-nursing are blame-culturists, on the dole, used to having someone else pay for their mistakes and all-rounMon, 12 Sep 2016 23:51:59 -0500If this was workable fairly and clearly then it would be a good idea, but as others have said its not. There are probably hundreds of offers at clearly "erroneous" odds available on smarkets now, why are they up there in the first place.https://community.betfair.com/general_betting/go/thread/view/94082/30732709/clearly-erroneous-bets?post_id=549909987#549909987If this was workable fairly and clearly then it would be a good idea, but as others have said its not. There are probably hundreds of offers at clearly "erroneous" odds available on smarkets now, why are they up there in the first place.Mon, 12 Sep 2016 10:23:16 -0500crossed posts Mr A.https://community.betfair.com/general_betting/go/thread/view/94082/30732709/clearly-erroneous-bets?post_id=549909843#549909843crossed posts Mr A.Mon, 12 Sep 2016 09:41:51 -0500it's pretty simple. if you can ascertain that a price is a large enough delta away from an accurate price/last matched price you can warn the user at the time of submission and give them the chance to reconsider.you could even have an option to automhttps://community.betfair.com/general_betting/go/thread/view/94082/30732709/clearly-erroneous-bets?post_id=549909841#549909841it's pretty simple. if you can ascertain that a price is a large enough delta away from an accurate price/last matched price you can warn the user at the time of submission and give them the chance to reconsider.you could even have an option to automMon, 12 Sep 2016 09:41:21 -0500