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Been thinking about the situation for a couple of days now. I'm less worried about the situation - I think mrcelebrity was being economical with the truth. I know I have done nothing wrong, so I'm pretty sure I'll get my money back, one way or another.
Not having immediate access to my money is bad. Not being able to bet is frustrating, but I can deal with that. I just don't understand why they need so long, and why they still haven't replied to my e-mail. GoM: I bet mainly on cricket and most of my profits are from this. I used to bet with Indian bookies. mainly in-running. I watched the markets on here quite a lot before I started, and so had a fairly good idea about what I could do. Have also experimented a bit with other sports - football, tennis, but without much success. Will try and post an update once they have replied. I think its important for people to know that if you open an account and start winning, they can suspend your account and access to your funds. It might make Betfair think twice about their actions. |
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Somebody just posted this on horse racing
Tunbridge Wells man charged with computer betting offences 08 September 2011 A Tunbridge Wells man faces computer betting fraud charges as a result of a Sussex Police investigation. Alistair Peckover, 22, of Park Road, Southborough, Tunbridge Wells, Kent, was charged on Tuesday 6 September with setting up two Betfair computer betting accounts in the names of other people, contrary to the Computer Misuse Act and the Criminal Attempts Act. He appeared at Crawley Magistrates Court on Wednesday 7 September and was remanded in custody to appear at Mid-Sussex Magistrates Court on Thursday 6 October for a commital hearing. Peckover was arrested at his home by detectives from the Sussex Police Major Fraud Unit on 6 September . http://www.sussex.police.uk/news-and-events/news/2011/09/08/tunbridge-wells-man-charged-with-computer-betting-offences |
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If you look up Peckover it's hardly the first time he's done it Feck and it's not related to PC avoidancer.
http://www.sussex.police.uk/news-and-events/news/2011/01/31/sussex-man-sentenced-for-website-scams-now-to-repay-%C2%A3124,000 http://www.bbc.co.uk/news/10343156 |
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I just seen the rest of the story on horse racing Joe. As someone said on that thread, if it was just about opening accounts in other people's names many of us would've been arrested long before betfair came on the scene.
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His wife has to pay 60%, according to his Twitter account
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Is this MR-Cash?
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8782921/Betfair-removed-52000-from-customers-account.html |
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I'd say it's well odds on it is.
Mr Cash was obviously Indian and the fella in that article had an Indian name. |
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i wonder if betfair are completely reliant on software for identifying multiple account holders. i was told the name of this software and the basics of how it identify's linked accounts and was surprised to learn that its completely based on actual betting strategies rather than IP addresses etc. from what i was told its incredibly sophisticated but i would have thought that at some point it might throw the odd error up. will be interesting to see if Mr Cash ever comes back to report the outcome of this like he promised.
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the bank man, he posted the email he got from betfair on the betangel forum apparently can no longewr post on here as the account has been closed. Be interesting to see what the final outcome is. Here's part of his post
"Your activity on Betfair is conditional upon your acceptance of our Terms and Conditions, and operating accounts in multiple names in order to conceal the true identity of your activity will not be tolerated by us. As a result of your repeated breach of Betfair’s terms and conditions, all accounts involved in this matter have been permanently closed. Please be advised that the ‘[myaccount]’ account is currently overdrawn by £15,860.10. Betfair will seek to recover this amount from any accounts you attempt to operate in the future. These accounts will also be permanently closed." |
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I met this guy outside the AGM yesterday....
I understand Betfair trying to enforce their pricing structure (and I think it's fair enough... but that's not what's being discussed here)... BUT if the bank man is right (and this is what I suspected) then it is true that this method could not be 100% accurate (it will miss some evaders and it will accuse some non-evaders) and obviously this worries me (as a non-evader). |
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It is a bit extreme going to the AGM if you are guilty (and if they are guilty by definition he would be the monkey and not the organ grinder) which makes it even more extreme. That said, you'd have to think they were very confident that he was guilty because this could easily end up costing them millions if he is innocent.
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There will be of plenty of pissed off journalists willing to cover the story
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I could see how this supposed computer system could detect identical accounts to some extent, but 100s of people surely have the same strategy. Particularly track players or fast pic merchants, i mean how many people in the market smash 1.01 after an event has finished, or lay 1000 on a decked horse, steam into evens when a try is scored etc? Surely that is hard to differenciate.
Anyhow, its a closed shop now. I do all my shoping these days at purple, its slowly picking up. shame they dont promote it more, but hey ho - one day it may genuinely compete with this once great place. |
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Betfair are like a rudderless ship - the number of senior people leaving the company is a good indicator that they haven't got a clear strategy and could explain some of the resignations. The premium charge is a joke.Earlier poster was correct, Betfairs PR is a disaster - the only way to get the premium charge changed is to keep getting the issue raised in the media.
from Thursdays London Standard......... Betfair chairman Ed Wray could be the next executive to depart the troubled online betting exchange. The joint founder retains a 10% stake in the business but today said the board was looking for a new deputy chairman to replace him at the helm. It is not yet clear whether he will remain on the board. Chief executive David Yu said in June that he would be leaving less than a year after a controversial stock market flotation. The shares joined the market at £13 but soon plunged as promised growth failed to emerge. Today the stock was off 13p at 770p. Other top management have also quit, including chief product and services officer Mathias Entenmann, head of mobile Charlie Palmer, director of architecture, research and prototyping Matt Carter, director of UK sports and gaming Lee Cowles, and chief executive of financial betting exchange LMAX, Robin Osmond. |
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Betfair will be dead in 2 years then you will all be **** because your bookies will only take losers and you have no other options left.
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I was a VIP customer and they refused to pay me £320 unless it was on the 2-5 term. It used to be £500 but they never informed me of the new limit. Are these people going bust? Are they being taken over by Irish former Provos or drug dealers? They now treat customers like ****.
They are a bunch of bastards. It's time to move to other exchanges. I have reported them to the Gambling Commission for usury and non-payment. I have a QC trying to suspend their licence. They wouldn't treat punters like that at Dundalk racecourse, or why would be strung up. The new Irish management is now bringing out their hatred of Brits. |