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nasri
03 Apr 11 00:28
Joined:
Date Joined: 03 Feb 06
| Topic/replies: 6,196 | Blogger: nasri's blog
does any1 kno of a any costly mistakes that hav been made. for example the wrong price being put up and it being matched
Pause Switch to Standard View whats the biggest mistake ever
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Report Lori April 3, 2011 2:12 PM BST
My personal fav, being a rugby bettor, was the eejit who kept laying the draw pre-match in televised games going higher and higher each time so he could get matched.  Was eventually caught out in the Salford v Celtic Crusaders match when he had gone as high as 100 pre-game and that one is estimated to have been a 500k liability.

I know very little about Rugby and last time I checked it was my highest all time % ROI thanks to that guy
Report screaming from beneaththewaves April 3, 2011 3:38 PM BST
There was a steeplechase one evening at Towcester about three years ago. A horse in red colours fell at the 2nd fence, and Derek Thompson announced that Metal Detector had fallen.

He very, very quickly apologized that it wasn't Metal Detector, but another horse in red colours, but not before a popular Geordie off the Horse Racing Forum had managed to lay £150 @ 1000 thanks to having access to fast pics.

There followed 5 agonizing, uphill Towcester minutes in which Metal Detector ground his way to victory.

To the Forum-ite's great credit he refused to blame Thompson and admitted he should not have relied on the commentator.
Report screaming from beneaththewaves April 3, 2011 4:37 PM BST
It was, fw.

He conducted himself with a lot more dignity than I would have managed in the aftermath.
Report screaming from beneaththewaves April 3, 2011 4:55 PM BST
Search me.

Why not ask the man himself on the Forum?
Report Bayes. April 4, 2011 12:48 AM BST
Two weeks ago I misclicked 23.4k on Del Potro at 1.17 when I meant to back Nadal. Cross matching was off and I took out the whole ladder the other side, with the majority then getting snaffled at 1.17. I made Nadal 1.16x and got matched at 1.89 average Del Potro so technically I lost over 19k in equity.

I've had two other memorable misclicks.

In one I got two eastern european (I think) women tennis players mixed up and backed the wrong one for 111k at 1.03. If it had made it through I would've lost about 105k with the state the market was in but fortunately I only had 107k in my account so the bet was rejected. I rewrote my software after this mistake but I still occasionally turn the safeguards off if the market is liquid (although after the Del Potro incident I won't do any more)

The other was England v Andorra in the England -4.5 goals market. England went 5-0 up and I backed Andorra -4.5 for about 6k at 1.1. The market gorged itself on it before I realised my mistake and I had instantly spunked about 98% of the 6k in equity.
Report Trevh April 4, 2011 2:46 AM BST
Some horror stories on this thread lol, sends shivers down my spine. The only huge mistake I've witnessed was back when I played the horses, and the commentator mixed up two horses and called the wrong horse as streaking ahead and crossing the line, which meant it was backed in to 1.01 when in fact that horse was way back the field! The actual winning horse was available at 1000.0 for a few seconds before the suspension.

Sky sucks for not adding eurosport to the sports package and forcing you to get the additional 'news' package to watch it.

Sky totally take the piss, I want to cancel but I'm tangled up with a broadband contract. I can't fault them as an ISP though, but the TV package is over priced and the constant bombardment of insurance and compensation adverts are the last nail in the coffin for me.
Report Aunty Post April 4, 2011 11:01 AM BST
The Feast of St. Raymond Novices' Steeple Chase at Southwell was, as McCoy himself said... "not only the most extraordinary race I've ever won, it's probably one of the most extraordinary races ever run.

Back in January 2002 he won at odds of 999/1 after being dismounted!

In a field of seven horses were falling in rapid succession.

McCoy was, himself, dismounted and layed at 999/1 for serious money.

He then re- mounted and picked up the race, after which every other still in the race, fell leaving him to go on to win.

This was the very first Betfair winner at those odds and, if I remember correctly, someone blew £200k on it!

You can see the video here.......

http://www.youtube.com/watch?v=ZnE-q5rOEKQ
Report tobermory April 4, 2011 12:54 PM BST
Investor, yes the Liverpool/Stoke guy should have got a refund if he beat the clock. Actually i can't recall what happened in any detail .Just that there was a long time betwen the 'goal' and people realizing it was actually still 0-0 . It is even possible the guy was following the match in one room and betting in another and that the market had unsuspended with 0-0 about 11 to back but he 'knew' it was 1-0 and placed his lays.

In that case it would have been like the Bradley Dredge guy (surely the Number 1) as the market presumably reflected the actual score but he 'knew' that Dredge had taken 30.

I also remember that Rugby Draw Layer ,Epic Stuff. shame that thread was deleted in the 'upgrade'.

Another great one on the horses was the time people were backing a favourite at 1.10 in a photo finish when it was not even involved in the photo and had actually finished 10th but the commentator mixed up the colours.

Trev, I work for Sky and although we tell people when they order Broadband that this means they must have Sky TV for the duration, you can actually cancel the TV part of it  (presuming you have not had a new box or HD/Multi Room in the last 12 months) and just continue with the Broadband/Phone. Plenty of customers decide they want  Broadband/Phone only now , i put them through to the Cancelations Department, they have no problem taking the call and the customer just has to pay £2.50 extra for the BB without TV .  Though if you are just wanting to cancel the TV because you use the channels but it is not worth the money they will very likely offer you a discount anyway.

Though the 'News & Events Pack' for Eurosport is only £1 extra anyhow, and you get At The Races with that also, so better value than RUK imo Mischief
Report Trevh April 4, 2011 4:19 PM BST
That's interesting Tobers, it's good to know an insider :) I phoned them about 6 mnths ago when I realised that FreeSat existed and asked to swap to that. They said they would have to cancel my broadband as it's only available to sky tv subscribers, so they ended up giving me a discount for about 3 months instead.

In Sept last year I added sky talk which reduced the top broadband down to £7.50 a mnth, can't fault that as it gives me a genuine 20 meg download speed, so don't want to change it.

Do you think if I phone sky again they will give me the same story, or say I'm contracted because of skytalk, or let me cancel just the tv package and sign up for FreeSat? Thanks for advice, apologies to others for thread hijack.
Report tobermory April 4, 2011 4:39 PM BST
They could use that line, as technically in the  T&Cs 'Broadband/Sky Talk is only available to customers with an active Sky DTV Subscription' but that is supposed to mean it is impossible to have the BB without the TV .But many people actually have cancelled the TV but continued with the rest .

I suppose though they may be able to say - while you are still in the 12 months for BB/Talk - that you are tied in with everything . And their managers would prefer them to 'save' a customer without using a discount.

But as far as i can see on the system the TV shows as 'out of contract' when it is beyond 12 months even when they have recently taken the BB .


The Isner/Levine tennis was a classic mistake of course when the scorboard was the wrong way around.
Report Trevh April 4, 2011 4:55 PM BST
Ok, thanks for advice, think I'll leave it for now as calling sky is on a par with backing a 1.01 and watching it get gubbed., not exactly stress free :)

Back on topic, I once saw a football match where the score changed to something like 2-1, can't remember exactly, and the markets reopened and traded at that score, only for the match to revert back to 1-1, huge confusion and huge prices.
Report howard April 4, 2011 5:13 PM BST
freddie i deleted flash player on firefox which i use for BF. I have it on google chrome which i use for pictures etc. That has stopped firefox crashing with that shockwave flash message.
Report screaming from beneaththewaves April 4, 2011 5:21 PM BST
The shockwave flash crash seems to be due to an out-of-date Sony driver.

Download this:

http://dlv.update.sony.net/pub/vaio/download/EP0000166578/EP0000166578.exe

It's a big file, takes about 5 mins. to download, but installs very quickly. Basically it installs bluetooth. God knows why it should fix the problem, but it has done so for me.
Report screaming from beneaththewaves April 4, 2011 5:40 PM BST
FFS, if you don't trust it, just put it into Google and have a look at other people's comments.

There's no point asking me, is there?
Report screaming from beneaththewaves April 4, 2011 6:01 PM BST
That's OK. Love

The link is kosher. I've used it.
Report Lex April 5, 2011 8:32 AM BST
Hi Guys

As accounts are private how do you know the amounts lost unless the loser proves so? seems unreal that you would lose 200k on an event unless your a bookie perhaps? No disrespect meant btw just seems totally unbelievable to me.
Report Eddie the eagle April 5, 2011 8:55 AM BST
Excuse me for saying this, but you must be a little narrow-minded if you don't belive such amounts are both lost and won on here on a regular basis.
Report greedkillsmybankagain April 5, 2011 9:30 AM BST
lex the market information graph doesnt lie
Report noukari April 5, 2011 10:26 AM BST
The earlier football match lori mentioned I'm sure involved Mexico U19 who scored a second goal, eurosport put up the replay and changed the score then went back to the match, with no explanantion that it had been disallowed, cue korean goal and carnage.

There was also a race at the cheltenham hunters meeting where about 4 runners went 1.01 on the run in.
My personal favourite though was this race at Leicester
http://www.racingpost.com/horses/result_home.sd?race_id=378167&r_date=2005-03-11&popup=yes
probably not the biggest losses but for market chaos never seen anything like it with the front 4 coming down or running out at the last - allowing the tailed off plodding donkey nousayri to win.
Report Lori April 5, 2011 12:04 PM BST
You could probably ask someone to put up 200k worth of lay on Mickelson at, oh, 7.0 Lex and I suspect it would appear Laugh
Report Bobman84. April 5, 2011 12:43 PM BST
Would love to know the biggest win on here from an average punter (not a pro or bookie).
Report I am the one and only223 April 5, 2011 1:09 PM BST
Lori

You could probably ask someone to put up 200k worth of lay on Mickelson at, oh, 7.0 Lex and I suspect it would appear


[;)]
Report Lex April 5, 2011 1:49 PM BST
not narrow minded - far from it !

Just its an amazing statement that one punter can lose that amount.

I thought the graphs showed all money taken for that one price, not indivuals money?
Report Lori April 5, 2011 2:00 PM BST
When 200k appears at the same time laying all the "impossible" scores, it's not a big stretch to assume it's all the same person.
Report Don No1 April 5, 2011 2:09 PM BST
Indeed but this thread is about mistakes/misclicks, matching prices away from the prevailing market price which is owing to one person

My biggest error was for 2.4k trying to centre my trading ladder, I clicked about 1mm too far to the right causing me to fire in a lay bet.  But for some reason I double clicked so I had 2 lay bets I didn't want.  That was around the market price, would have been more manageable if Higgins hadn't made a ridiculous double the full length of the table meaning I could only get around half of the lay bet out 10 ticks lower before the market collapsed
Report Lex April 5, 2011 2:19 PM BST
Ok - we can 'assume' then.

My biggest loss was a green up that a bot made... except that it was too slow and it was actually red.

400 quid which was most of my bank. Now that hurt.
Report ocean0201 April 5, 2011 7:11 PM BST
my biggest mistake was placing few large bets on outsiders on basketball game at 3 AM and then falling asleep because of the few pints i had earlier... woke up next day to see a big hole in my bank.... stay away from late night basketball now
Report Just Checking April 5, 2011 10:07 PM BST
ocean : That's why we should have breathlysers attached to our computers.
Or maybe a sort of dead mans handle that automatically greens up if no pressure for 5 minutes past midnight? :)
Report chandla1980. April 5, 2011 10:14 PM BST
Today i lost £498 when Millito scored for inter. I was using betfair mobile and went to stick up a £250 lay at odds of 2.0, unfortunately for me, i did them the wrong way round and so layed odds of 250 for a £2 stake, by the time i realised what id done, the bet got snapped up. Go on the football forum, ive put up a thread and so has the guy who took my bet and won.
Report Paulol April 6, 2011 1:09 AM BST
investor im willing to donate 1000 pounds to a charity of your choice if u let me work shadow you for a few days

i would match that!!

tobermory - what department do u work in for sky? is that up in scotland?
Report RMB © April 6, 2011 1:13 AM BST
Using the normal interface I once didn't press the decimal point button hard enough and fired in a 20.0 lay for £1k instead of 2.0 lay. Thankfully it was an immensely illiquid side market and the damage was minimal. I've won a £k here or there over my time thanks to mistakes but never picked up the jackpot.

There was a match during the World Cup a while back where all the correct scores were layed at 999/1 for £100.
Report viva el presidente! April 6, 2011 1:59 AM BST
my worst misclick loss was laying 200 quid at 2.0 on a draw no bet market when I was trying to get 1.01 (correct price was 1.015). firefox had ground my whole system to a near halt so i placed the bet through GT and, well, it wasn't refreshing as quickly as it ought to have.

hey ho, lesson learned. but it confirmed me in my opinion that the trap bet layers are the lowest of the betfair low.
Report rink rat April 6, 2011 6:49 AM BST
Head down , announcer said game was over(never trust those idiots). Looked up and saw a pass and a 3 point shot at buzzer. Lost 4k, once clicked over instead of under by mistake 5K.
Report Lori April 6, 2011 10:22 AM BST
Back before the dawn of time (Around 2005 or so) when bots were less commonplace, someone had written an overround bot to scour the site.

It went crazy backing the UEFA cup at 90% collecting lots of green along the way.

Suspect the owner was rather upset when he found the rules that the losing Champions league teams were still to be added to the market.
Report the silverback April 6, 2011 1:07 PM BST
Wasn't there a pretty epic situation where loads of guys thought they'd beaten the book on first goalscoer bets but forgot to take into account that all listed wouldn't necessarily play. Or something like that.
Report noukari April 6, 2011 2:10 PM BST
^ that was the 'moneysavingexperts' Laugh the thread is an amusing read
Report Eldrick April 6, 2011 3:46 PM BST
Carling cup final 2007, MSE forum boiled over as they all piled in laying a 140% book containing lots of players who weren't going to start (those bets would get voided) - so they thought they were locking in lots of free money until the starting line ups were announced, non runners came out and all their lovely green turned to nasty red and it eventually dawned on them what they'd done

http://forums.moneysavingexpert.com/showthread.php?t=386063
http://forums.moneysavingexpert.com/showthread.php?t=386241

Most of them got away with it then, losses limited to bf balance only despite many of them having done plenty more. Bf's fault in a way.
Report Banks. April 6, 2011 4:21 PM BST
Same thing happened with a NZ v OZ ODI when someone was laying all runners in the top batsman market in what appeared to be a 105% book.

Hayden was a named runner but was injured and didn't play turning the layers green book into collosal red.

From memory it was 1 backer who drip fed the layer. The sums involved were tens of thousands which was something of a shock to the layer who admitted on the forum that he only had something like £50 in his account.

I think BF paid the backer and changed the rules so that it couldn't be repeated.
Report 1.01 Layer April 6, 2011 7:08 PM BST
Biggest personal mistake was for £900 on an IP basketball overs bet, where I quite simply misread the scores on the poor quality feed I was watching. Cry
Report Eldrick April 6, 2011 7:32 PM BST
banks, i believe that involved a poster called brad who supposedly tricked another poster called systematik

i think that bf stipulated that all parties were not to talk about the matter post settlement, brad possibly got kicked out

some people suggested at the time that the two users could have been in cahoots
Report hasty April 6, 2011 8:05 PM BST
taking the dog for awalk when the wife said she had a pain in the chest
Report Banks. April 6, 2011 8:33 PM BST
I did wonder whether the 2 sides were colluding with the cricket bet.

If you were the one to realise the error you would only need to find a friend who couldn't be connected with you ie not showing on same IP address etc and you could have run up a massive position.
Report diggler April 7, 2011 12:46 PM BST
some bot backed the scorecast market into 100% when only a handful of players were listed in a birmingham city match earlier this season (or maybe late last season). one forumite had a six figure green if non of the named scorers scored first for minimal liabilty. unfortunately for him and lucky for the bot owner cameron jerome scored first who was listed. That would have been carnage on the MSE scale.
Report Ernie__Bert April 7, 2011 10:02 PM BST
YEAH JOINING BETFAIR
Report turtleshead April 7, 2011 11:13 PM BST
diggler, I think that was layer1982, wasn't it?
Report mikenz April 8, 2011 11:57 AM BST
Biggest mistake............. i blame my mother, many years ago when i was about 9 was taken to races, have been fascinated  since by things of a betting varierty lol................... but all is forgiven because if the west tigers win and it is looking like they will i will be 40 bucks better off lol after all these years.
Report Sandown April 8, 2011 12:29 PM BST
whats the biggest mistake ever

Erm, Mr Hitler impregnating Mrs Hitler, perhaps?
Report Blades April 8, 2011 1:02 PM BST
there was a horserace a few weeks back where the 6th placed horse was backed for large down to 1.02 yards before the finishing line. It had very similar colours to the winner...Sad
Report llama1 April 8, 2011 9:54 PM BST
I guess I might as well join in with my own personal "Horror Story"......

U.S. Open Golf 2009.

I was very "Happy" with myself watching a FAST feed from ROUND 2 when Tiger Woods fails to birdie his FIRST HOLE of the day. I was able to grab the "Free Money" available @ 100.0 for £150 in the hole by hole betting for Tiger Woods. As far as I was concerned, the easiest £150 I have ever made on Betfair......

It was eventually shown on Sky Sports and I became slightly nervous when Betfair did not suspend the market.

Then of course it dawned on me that Tiger had teed off on the 10th hole.

I am now looking at a  MINUS £15K RED on Tiger birding the REAL FIRST HOLE.

Not to worry I thought. Tiger had DOUBLE BOGEYED the real first hole on the first day and he double bogeyed the first hole on days 3 and 4 (Not that I knew that of course).

A massive relief when Tiger tees off on the tough REAL first hole and his ball ends up on a man hole behind a tree.

The birdie odds go out to 30.0. Do I red up for -£500? Obviously not, not even Tiger can get down in 2 from hehind a tree with a bad back......

Tiger now goes on to play the BEST ever Golf Shot and lands his ball on the edge of the green some 40 feet away. Once he managed to do that, it was obvious to me that there was only going to be one outcome......Tiger sinks the 40 footer for an amazing birdie for -£15K for me......
Report turtleshead April 8, 2011 10:19 PM BST
What were the odds on the 40ft put being holed - did you consider redding out before it was hit?
Report llama1 April 8, 2011 11:06 PM BST
Hi Turtle,

Liquidity wasn't great, especially since people know that the Sky pictures are a good 60 seconds behind real time.....I think from memory there were a few pounds at something like 8.0 for the birdie......
Report Lori April 9, 2011 9:57 AM BST
Always interesting when an 00'er speaks up with a story, cheers llama.... hopefully the fact you're still here means you've done okay since!
Report The Investor April 9, 2011 4:39 PM BST
60 seconds!!! in other words completely useless. Think the football is bout 7 secs behind.
Report Just Checking April 9, 2011 5:27 PM BST
One of the annoying things about losing good old terrestrial is the analogue pictures were about as fast as you could get.

Anyone who ever had a digital telly in one room and ye olde signal telly in the next on same program will know what I'm on about.
Echo... Echo ....
Report llama1 April 9, 2011 8:50 PM BST
Fortunately, analogue switch over does not start until April 4th 2012 in the London area (Crystal Palace transmitter)......

Here is the link to show the timetable by area......

http://www.digitaluk.co.uk/when_do_i_switch
Report tobermory April 10, 2011 1:03 AM BST
Can imagine the grin on the guy's face when he sees someone has matched his £150 @100 before he has even teed off

What would the true odds have been, about 3.5?
Report Rocket to the FACE April 10, 2011 2:05 AM BST
I bet the guys who got his lay were laughing as well !
Report Rocket to the FACE April 10, 2011 2:05 AM BST
lays*
Report quin0607 April 10, 2011 2:15 AM BST
was betting on an inplay tennis match a couple of months ago and a bloke was 150 to 1 so i put 2 quid on, 20 minutes later there still hadnt been a point played and they were still in the middle of the 2nd set, his odds dropped down to 16 to 1 and i greened out for 45 quid and about 3 hours later the game finally finished haha havent got a clue what was going on
Report Lori April 10, 2011 1:07 PM BST
The Investor Joined: 05 Jun 06
Replies: 4516 09 Apr 11 16:39   


60 seconds!!! in other words completely useless. Think the football is bout 7 secs behind.
 


60 seconds isn't a disaster in golf as long as there aren't too many in contention. You get minutes between shots so you can still bet at neutral periods as long as you're aware of how far behind you are.
Report llama1 April 11, 2011 1:06 AM BST
I quite agree, Lori.....With so many in contention in this evening's US Golf Masters Final Round, it was virtually impossible to trade even with only a 3 or 4 second delay on Radio 5 LIVE......

There was so much happening....The Outright market was even at percentages of 104% on the LAY side for quite long durations at times (Obviously NO X-Matching on that Market)......
Report JonHig. April 19, 2011 4:08 AM BST
Coming to live in the PhilippinesLaughLaugh
Report casemoney June 13, 2015 6:11 PM BST
Happy interesting thread
Report naydam June 13, 2015 11:13 PM BST
It's probably been posted but: Several years ago an unknown Russian athlete was priced as an outsider for an athletics event, a world-class meeting, I believe. The event had been won by another Russian woman for the last couple of times.
It's a shame that the bookies didn't realise that she had got married and was now competing under her married name. And winning! Laugh
Report Dav_vin03 June 14, 2015 12:30 AM BST
Eve eating the apple
Report pxb June 15, 2015 3:09 AM BST
About 5 years ago in a low volume cricket match (Bangla and somebody), which had only traded a few thousand, some money went up at clearly too generous a price. I and a couple of others started hitting it and it kept getting replenished. Roughly AUD70k traded. I know one person took 30k and then took the dog for a walk as the result wasn't certain. It turned out a winner for me and the others who took the 70k. Must have been a bot from someone with deep pockets. Never seen that repeated.
Report Senyatta June 15, 2015 6:06 PM BST
https://www.youtube.com/watch?v=kKUHDQkItUA

fast pic guys didnt realise that you can put side on a cue ball. should have waited eventhough there was no angle for the in-off. 12k busted at 1.01 and a few k at 1.02. also would have been free money in the match markets as it was the last shot of the match.

always have to be careful on here especially in play as things move so quickly its easy to slip up. some horror stories on here but its just money at the end of the day
Report PeteTheBloke June 15, 2015 6:54 PM BST
but its just money at the end of the day

That's the mantra of a real gambler. It comes second only to, "I'm playing with the bookies' money now".
Report Senyatta June 15, 2015 8:09 PM BST
when you react to a bad beat or a loss you are in serious trouble. gotta throw emotions out the window. all these horror stories with amounts lost were due to errors. id like to think the losing gamblers didnt let it affect their next bet. some stories are even worse with people offing themselves after a bad beat. crazy stuff.
Report TheVis June 15, 2015 9:22 PM BST
Not biggest mistakes ever but some of my favs:

Somebody backing wrong event during Olympic rowing. Pairs was on and skulls being backed or vice versa.

Eng women v NZ women = NZ heavily backed pre-match into big odds on whilst Eng v NZ men was being played.  NZ women were about 10 point dogs for the game which was on right after the men played.

2008 famous rugby draw layer who got nailed in Salford v Celtic Crusaders final.  He had gone as big as 110 pre-match in a game that was handicapped at nothing more than one try between the teams, so real draw price prob about 20-25, especially given it was a final.
Report Bayes. June 15, 2015 10:37 PM BST
Last year I beat my biggest ever mistake.

I was setting up the Federer Berdych semi final market and went to lay them both at 1.01 in preparation for when the price got there the next day.

I backed both for 111k instead of laying.

Virtually no other bets in the market, no problem with the request from Betfair (how can you back both players in a two runner market at 1.01 simultaneously?)

I got the lot done at 1.05 average on Federer, about 6k the other side on Berdych.

SP on Federer was 1.86 so an instant 55k loss in equity.

I did actually ask Betfair to void. They refused. I then asked them to ask the other pro to agree to void. He refused.

I would like to think that in similar circumstances I would void.
Report TheFear June 16, 2015 11:50 AM BST
Disgusting from Betfair, especially if you're a big liquidity provider and considering it's 1.01 they have helped others out.

However, you must have far too much money if you can make mistakes like that. People are walking the streets around here looking for coins in the parking meters,,,,,
Report TheFear June 16, 2015 11:55 AM BST
A good one in racing was the commentator calling the wrong horse in a sprint at Windsor. The race ended in a photo finish.

The 'real' winner fluctuated between 1.01 and 1000 as some people had the right horse, while others thought it wasn't even in the photo.

From memory the real winner and the wrongly called horse were both 1.01 at the same time in the photo betting.
Report sheppy123 June 16, 2015 2:17 PM BST
I only have several hundred quid in my account which is a good job cos I can't tell you the amount of times I've accidently tried to lay instead of back huge odds!

Being so friendly I treated my mate to a bet on the 2014 Grand National. Rushing, I layed it & if McCoy had've won it would've cost me loads!
Report jodean June 16, 2015 6:23 PM BST
Plain
Report Darlo Bantam June 16, 2015 9:50 PM BST

Jun 15, 2015 -- 11:37PM, Bayes. wrote:


Last year I beat my biggest ever mistake.I was setting up the Federer Berdych semi final market and went to lay them both at 1.01 in preparation for when the price got there the next day.I backed both for 111k instead of laying.Virtually no other bets in the market, no problem with the request from Betfair (how can you back both players in a two runner market at 1.01 simultaneously?)I got the lot done at 1.05 average on Federer, about 6k the other side on Berdych.SP on Federer was 1.86 so an instant 55k loss in equity.I did actually ask Betfair to void. They refused. I then asked them to ask the other pro to agree to void. He refused.I would like to think that in similar circumstances I would void.


Kind of begs the question, can you claim the normal bookies get out of "palpable error"?

Report Capt__F June 18, 2015 12:06 AM BST
No.

To get out of jail with that card you must be registered with The GC as a bookmaker, pay
the appropriate annual fee and be subject to inspection.
Report Darlo Bantam June 18, 2015 12:08 AM BST
I thought there must be a sensible explanation.
Report fixed June 21, 2015 8:32 PM BST
"I would like to think that in similar circumstances I would void."


embarrasing statement.....even the real Bayes would have rejected to calculate a probability for that
Report fixed June 21, 2015 8:32 PM BST
"I would like to think that in similar circumstances I would void."


embarrasing statement.....even the real Bayes would have rejected to calculate a probability for that
Report Janthefish June 22, 2015 10:12 AM BST
"I was setting up the Federer Berdych semi final market and went to lay them both at 1.01 in preparation for when the price got there the next day."

Why bother when you'd happily agree to void any bets you happened to lay?
Report duncan idaho June 22, 2015 2:43 PM BST
err, that's obviously not what he's saying, jan
Report fixed June 23, 2015 12:52 AM BST
but he is saying "i am the good guy, my traps aren't meant to do any harm"

in reality if he is who he claims to be he has won tens of thousands from mistakes himself



and that's okay, there is no Goldman Sachs who can use muscle to void anything they don't like afterwards on THIS exchange...a bet is a bet and a mistake costs money......but just don't pretend to be better than the rest of us
Report Janthefish June 23, 2015 8:47 AM BST
I was being a bit sarcastic
Report casemoney March 22, 2016 12:21 AM GMT
ttt
Report CLYDEBANK29 March 22, 2016 5:12 PM GMT
Japanese bombing Pearl Harbour quite a big mistake
Report Westender March 22, 2016 10:03 PM GMT
The link below contains the worst error in the history of Betfair

http://www.dailymail.co.uk/news/article-2079497/Bookmakers-Betfair-face-back...
Report oldbean April 1, 2016 3:20 PM BST
Last year I beat my biggest ever mistake.I was setting up the Federer Berdych semi final market and went to lay them both at 1.01 in preparation for when the price got there the next day.I backed both for 111k instead of laying.Virtually no other bets in the market, no problem with the request from Betfair (how can you back both players in a two runner market at 1.01 simultaneously?)I got the lot done at 1.05 average on Federer, about 6k the other side on Berdych.SP on Federer was 1.86 so an instant 55k loss in equity.I did actually ask Betfair to void. They refused. I then asked them to ask the other pro to agree to void. He refused.I would like to think that in similar circumstances I would void.


Kind of begs the question, can you claim the normal bookies get out of "palpable error"?
------------------------------------
this gent made his own mistake
often palpable errors are make my 18 year old data entrants on minimum wage..
Report freddiewilliams April 1, 2016 3:46 PM BST
kiltullagh vic.....several weeks ago.....-400k for one or 2
Report DIFERENT GRAVY 12 June 17, 2019 3:55 PM BST
What happened to Janthefish?
Report Dr Crippen June 29, 2019 2:47 PM BST
Wisdom there from Do wah Diddy.
Report Bud June 30, 2019 12:13 PM BST
In the early years of Betfair there used to be a thread where people were trading football matches in play. I remember two of the regular contributors were porkboy and starbuck (this thread has long since disappeared). Anyway one Saturday Man U were playing Southampton at Old Trafford in a FA Cup quarter final (this is when Southampton were in the lower division). Half way through the second half Man U score a third goal to go 3-0 up and starbuck decides to put £7K on Man U at 1.01. Unfortunately in his rush to get to the front of the 1.01 queue he hits the wrong button and instead off backing Man U for £7K at 1.01 he backs Southampton instead! He wasn't joking cos I looked at the graph. All his £7K was eaten up by the bots in a matter seconds at all prices down to 1.01.
Report tobermory December 17, 2019 9:50 PM GMT
Last week I was watching TV and also  reading something when i had the idea of placing a £2 bet @240 on the Brooklyn Nets to win the NBA.

Of course I managed to submit a £240 bet at Evens which was fully matched at a variety of dreadful odds.
Report Latalomne December 18, 2019 10:40 AM GMT
If you haven't backed at short odds when meaning to lay or laid at huge odds when meaning to back, you've not been here long enough.
Report ZEALOT December 21, 2019 10:36 AM GMT
The BRAZILIAN BRUSH saga was a bad one for some on here . It was a Monday if I remember correctly and Mike Cattermole called the wrong horse . 1000s traded at very low odds .
Report Schalke 04 December 22, 2019 1:17 PM GMT
I reckon most have done a massive mistake on Betfair. Similar to the Man U story above I managed to lose £1000 by trying to be too quick. The year Liverpool played TNS in Champions League when they were given an extra spot Liverpool went 3-0 and I tried to lay the draw to grab an easy £10 but because rushing so quick and not concentrating I placed £1000 on the draw and was instantly matched. I phoned Betfair in a pure panic and they said sorry, nothing we can do. At the time other forum member just said to me "you are now a proper Betfair user" ExcitedLaugh
Report somemuppet December 22, 2019 10:48 PM GMT
Biggest mistake i made was opening an account in 2003. 16 years later i am bust.
Report Mr Ed December 23, 2019 5:06 PM GMT
Years ago I was contacted by a lawyer from betfair threatening me with all kinds unless I agreed to void all my bets on the NBA acca market.
I agreed because (as he pointed out) I knew what I was doing when taking the bets. I knew there was an issue with the market.
Also they had suspended it and I had been hoping to trade out for a few k profit. I was currently with a liability of about 8k or a profit of about 100k

They all won and I would have won over 100k.

At the time I thought it was the right thing to do. I thought some other poor soul had messed up. It was only after I thought about it I realised it was actually betfair that had automatched the majority of the bets.
Report Shit_Happens December 26, 2019 11:39 PM GMT
Back in about 2005 I was watching an Arsenal game, they were winning. A couple of minutes left, boring game, Arsenal held the ball. No more goals was 1.07... Yep, I backed it for £250, Arsenal scored! £250 gone... Not the biggest loss, not even my biggest loss, but it was my first big loss, and it hurt.
Report ZEALOT May 16, 2020 1:18 AM BST
Bayes. You sound like an imbecile .
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