Permitting a 3rd party to my account

Yibbidah yibbidah?

Can you give an example of how you intend to use this? I'd be surprised if they actively let people do this in the age of Premium Charges, how would they be able to ascertain you haven't come to an arrangement with your friend that they submit junk bets softening the weekly charge. Also would it not be a potential loophole in terms of people effectively betting on Betfair when gambling is illegal in their own country. Wouldn't be surprised if either practice went on, would be surprised if Betfair had a means by which it could be formalised though.

Reason I'm asking, I came across this site a few days ago..

dub dub dub tradeaday dot com dot au

As part of the premium membership, they were doing all the trading for you, and you had to sign a third party access agreement type of thing.

From what I've just read they use 20% of the bank at a time, sometimes in running (The Sharapova- Li Na example). I'm not a trader, but I would think that is too big, even if you are looking to get out before the start, let alone in play.

They've only been going since the start of June, their aim is for 20% a month, best part of three months in they are 'only' 40% up.

Looking at their trade history, there is just a list of bets in the form of backs or lays, rather than any actual trading out of positions as such. There are also quite a few errors/things that don't look right in that history... The 3500 staked on Frankel is put down as a loss of 455 (what would have been made if it had won), same error for the USA 4x200 Freestyle relay, they've not credited themselves with the Sally Pearson win. That's three clerical errors on one page of 45 entries, which overall makes them look $3k better off than they actually were. Doesn't strike me as the slickest of operations...

I think you're missing a trick here though, if they are a legitimate company Betfair will have had dealings with them and will be able to tell you if they've permitted 3rd party access in the way you're considering for them before.

That site sounds like something to steer well clear of.

Indeed. I Google searched the gambler named in the introduction on the webpage but there was nothing on him. I won't be signing up

Alright, thanks for the feedback. Whilst I wasn't planning on dealing with them (they were an example of what I meant), my original post was more aimed at the actual process of it.

I have had private dealings with someone in the UK who trades horses and dogs both before the off, then in-running where need be. If I were to allow access to my funds, it would be to one individual - not a company. And I wouldn't be forking out $$$ to do so either (well, not the amount that's advertised on the website).

I guess I could email Betfair and ask their position on this.