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Mr.Angry
10 Sep 11 11:10
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Date Joined: 05 Jan 11
| Topic/replies: 4,564 | Blogger: Mr.Angry's blog
Why is the Rugby World Cup betting on Betfair governed by the Tasmanian Gaming Commission?
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Report charlatan September 10, 2011 1:18 PM BST
presumably because they are slack enough to allow betfair to write this last autumn:

As part of the cross-matching process, Betfair uses an internal account which acts as a counterparty to the bets being cross-matched. The cross-matching process may result in a small amount of residual funds remaining in the internal account in some instances. This residual may occur because Betfair only matches customer bets at discrete odds intervals.

Any residual funds that accumulate in this internal counterparty account as a result of the operation of cross-matching on Australian markets will be provided back to customers through future events involving cross-matching markets, in a manner that is approved by the Tasmanian Gaming Commission.


and yet still as far as i can tell has not approved any such manner of returning such funds to customers.
Report charlatan September 16, 2011 10:21 PM BST
so i emailed the tasmanians and to their credit they bothered replying. apparently those who have bet in cross matching aussie wallet markets will be receiving some kind of rebate at some point in the future and then there will be future rebates on an approximately quarterly basis although they weren't very clear about how it will be calculated or when the initial payment will be made. seem a lot more competent than i'd imagine a scottish gambling commission would be....
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