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It is one thing to have downtime in the middle of the night due to planned maintenance. It is another thing to have unscheduled web server failures due to not being able to meet peak demand. And it is another thing entirely for this to happen on a real-time trading platform. How many years has this been happening at Betfair now?
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I've previously won more on outages than I've lost this time so I'm philosophical about the prospect of any voidings, but my patience w/ the company is wearing thin.
The only pledge from the customer commitment that can mean anything in this regard is to resolve a certain percentage of disputes first-time round. I'm pretty sure that will be impossible if their customers argue for what is fair w/ the outages. |
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singero, I cd live very easily with suspensions and unavailable markets, what I can't be doing w/ is ambiguous messages about whether yr bet has been taken or not.
There has to be complete clarity so that bettors can manage their liabilities. |
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It is very frustrating. Let's not forget that 99% uptime means that 3 days a year or 15 minutes out of every 24-hour period is downtime. If this happens at peak times when people depend on real-time availability...
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ALL the good traders on here claim to follow two fundamental rules.
Only trade both in and out at good value at the time of the trades. Only trade in amounts that are intelligently proportional to your capital base. So, as such, if and when they are caught with a leg up by an unexpected outage, what is, or should be, the real problem exposure wise ? If the opening trade was good value when it was opened, then if you then run with it to expiry of the event ( even if involuntarily) then over time they ( the opening trades) should still come out ahead long term. If that basic law of long term probability is not reassuring enough to many traders, that is in the short term they're somehow going to be killed if they can't close out their open position, then they are overtrading in a bet size/capital sense.( Warren Buffet put it more succinctly when he said " Don't buy any share that you would not be happy owning if the share markets went out of existence for the next 10 years ".) I get the feeling on here that many people are trading willy nilly, going one way and then another on a whim and a prayer. Not just only trading good value if and when they see it. IR has created all sorts of false trading opportuniteies for many amateurs on here. But I can see how outages are very, very annoying in the sense of closing out obviously losing positions to reduce commissions or to retrieve capital to move onto other events, but is not the end of the world if you can't do that very occasionally. The key point is, or should be, whether all participants are being treated absolutely equally by BF when these outages occur. This is, it seems to me, what Askari is correctly alluding to. It would seem that BF is very inconsistent and inequitable in its handling of these outages and that is totally wrong. |
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FATH, the point I was making was slightly diff.
It was that if a bettor (trader, arber or swing position taker) is unaware of their liabilities, then it is impossible to bet rationally after an outage. I had a situation where some of the bets for which I got the 'a transaction error occurred message' were taken and others, getting exactly the same message, were refused. I had no idea of where I stood or whether to trade back or not. Further, someone arbing can consciously be taking bad value just to square up the trade and to move onto something else. If a trader or arber only took positions that seemed to him good value (presuming he knew what that was), he wd only take a fraction of the initial positions he in practice feels able to risk. |
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For me the key point is that, as per their self-description, bf are a company that use technology to manage risk.
When their technology fails, the risk shd be passed onto bf themselves. |
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All sounds good and intelligent to me what you are saying askari.
Not quite what most others are saying unfortunately. |
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FATH, it wd mean settling markets in an imbalanced way--in other words, voiding losers' bets (if there were some circs. around them wh/ meant they were unable to manage their liabilities) while honouring the winning bets of their counterparties.
The alternative is having a punctual suspension time across all platforms and timely messages accurately informing bettors of their liabilities. I accept that outages are a fact of life and that they can managed by sensible staking re the size of yr bank. But I do feel that the messages concerning whether bets have been taken shd be accurate. 'A transaction error occurred' and no bets shown on the screen (for manual bettors) implies that the bet has been turned down. It seems correct to me for bets of this kind to be voided (or all bets of this kind to be honoured). |
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FAFH in your mission to reply to every single thread in GB you may have missed Betfairs sticky a few months back whereby they pledged to deal with outages in a new way. They said that during an outage nobody would be able to bet with an obviously unfair advantage.
Yet again this has been shown to be utter bullsh*t as is a lot of the talk they talk. You are right, if a trader finds only one half of his bet matched that shouldn't be an issue providing he is doing both of the following 1) staking appropriately 2) betting to value But those are fairly basic givens and are not the reason we are yet again peeved at the way Betfair have A) gotten themselves into the situation and B) dealt with the situation Their Customer Service is a f*cking joke and their empty promises and bullsh*t PR lines are actually starting to offend me. |
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Well, to bf's credit they have done exactly what I suggested--treated all ambiguous bets getting the same error message in the same way.
They've got me off the hook of this loss (in the mid-three figs., or enough to irritate me) by applying a commonsense rule. Well done! Had their site been suspended and no bets allowed, I wd accept that bettors shd accept their final bf screens as their final results. This is the situation that wd eventuate if bf were able to impose a universal 'suspend'. |
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askari
can you enlarge on that, how have they - "treated all ambiguous bets getting the same error message in the same way" |
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I'm with you on this Rocket.
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Btw I would expect, or at least hope, that there is a lot of reaming out going on in BF towers tonight.
Lots of planned nightclub visits being postponed by all and sundry, I would think. Or do you all think they're doing lines of coke in the office, celebrating yet another IT **** up at prime time ? |
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If they get their a*ses reamed every time they have a prime time outage then I imagine they are all walking about with prolapsed colons.
An outage once in a while is acceptable. It's going to happen. Outages that consistently occur on heavy traffic periods with no firewall for those unfortunate enough not to be on the Betfair VIP list are frankly not acceptable. |
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Mr. Frog has been claiming along many PC discussions that the financial markets can't be compared to the betting exchange.
Only today will I admit he's right. If any financial exchange suffered so many outages (if they ever suffer one, some people really suffer the consequences) it would very quickly go out of business. May it be that they concentrate in their core business and have a consistent charging model? (Surprisingly, winning and losing customers are treated equally) |
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I do appreciate your point SP and I don't want to side with Betfair on this but lets be honest, Betfair going down and the LSE going down are two very different kettles of fish.
And Betfair certainly act like it too. |
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I'm not a techie but it certainly seems that BF must have gone down some seriously wrong avenues IT wise.
Probably it is time to stop and retrace a bit. Apparently currently an apprentice at all, and a master at none. |
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As someone pointed out above Bf claims to be a technology leader in this area and they also mention the volumes and number of bets they handle ...
It's not about comparing sizes, it's about sticking to reality: if time and money is spent on the non-core business, time and money will not be spent on the core business In such scenario, outages are likely to happen on a regular basis ... (it sounds like if I were predicting the future, but it seems like if I were just telling history) |
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What a disgrace, DOWN DOWN DOWN...........DOWN!!!
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You sound like a panicking submariner.
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Submariners blow their tanks, Betfairians blow their banks.
It's a subtle but important difference. |
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actually, it looks to me as if one of their servers has been playing up today ... it looks like the problem they had ages ago when one server wasn't working properly and if you were unfortunate enough to connect to its IP number you got really erratic response times.
anyone else having a similar problem? |
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Blown its tanks again.
DOWN! DOWN! DOWN! |
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they were supposed to have sorted all the issues out
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apart from the technical problems themselves (some of which can be beyond betfair's control sometimes), the biggest problem with site downtime is nicely highlighted on their own twitter page.
Betfair Betfair Official We are having intermittent problems with the site- a further update will follow. Our engineers are investigating 59 minutes ago Betfair Official Betfair Betfair Official @ @OnlineTrader1 We're not seeing any issues with the site here but will check with our ops team and report back 1 hour ago Betfair Official Betfair Betfair Official @ @boots111 we aren't seeing any issues here. What is the site doing for you? 1 hour ago your users should not be telling your own staff that there is a problem with their site. do you understand that betfair. you are supposed to know at least at exactly the same time as your users, and if possible before. your customers are not your monitoring software. this, of course, is why the suspension of markets is often so late. |
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"server down" is bull****
A company this big should be using high availability clustering with plenty of failovers. Utterly pathetic. |
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Take the site down and fix it. How can they not have an uniform procedure to dealing with site issues after 10 years?
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What do you get if you mix red with blue
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I wanted to trade out at HT in the rugby union itm cup but couldnt the site was down. Will this bet that kicked off at 08.30 uk time be voided?
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nope
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Cheers Parrys. That sucks
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Ye old Betfayre seems to go down more frequently than a Kings X crack **** although unlike their share price it does come back up gain.
More seriously I'm beginning to question it's even worth staying with BF. I lost money at the weekend because of BF's technical incompetence and a robotic apology is no substitute for recompense. I'm inching ever closer to using the BetDack acc. I opened when Betfear crashed the Saturday before Cheltenham. Still, it could be worse - I could be a BF shareholder. |
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dont they realise there losing millions in premium charge when they forget to put a pound in the lecky meter, oh dear
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was down earlier so i used my old tabsportsbet account to place some tennis bets...no dramas
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cant seem to get the sports menu up on my browser for betfair, anyone else having same problem or know whats going on please?
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Maybe you need to deposit more money ? 2 p may not be enough to have in ones account to get full access to the site ?
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oh no eddie, dont say that, is there now a ruling that says anyone freezing pennys in there account
will be amputated from the markets, good grief thats rather harsh lol |