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Ibrahima Sonko
28 Dec 11 13:02
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Date Joined: 03 Jun 07
| Topic/replies: 5 | Blogger: Ibrahima Sonko's blog
did i see correctly ?
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Report Howdi December 28, 2011 3:49 PM GMT
anyone else thought 29s was fair mourad was crusing in the home run on
Report Kriskin December 28, 2011 3:50 PM GMT
Highbury - Ur point does NOT stand up.  A rick on Betfair means hard lines.  I layed a horse at 110's instead of 11's one day.  It was a rick on my behalf but Betfair didn't consider it.  Cost me 22k. 

What's ur views on that??
Report Jack_Livermore1 December 28, 2011 3:52 PM GMT
Ive just logged on have to say .. THIS IS INSANE WHY WASNT I ON IT Crazy
Report henok December 28, 2011 3:52 PM GMT

Dec 28, 2011 -- 9:13AM, T.I wrote:


after reading that article it would be dumb to believe you will get paid out. It also mentions the price was 28/1 when the horse was well ahead and coule not be caught up after the last hurdle. So maybe pre race and a few in play bets will be settled and the rest void?


what kind of justification can be used for that? i have lost money bets placing on horces that have fallen? did i get my money? no

Report ONLYONESVH.COM/ZW December 28, 2011 3:55 PM GMT
Should have all been settled by now
Report ONLYONESVH.COM/ZW December 28, 2011 3:56 PM GMT
Should have all been settled by now
Report homefortea December 28, 2011 3:56 PM GMT
At the risk of boring the forum someone or some firm has unlimited credit and to me that is the frightening thing.They or their software have made an almighty rick.No I didn't have a bet on the race as I was having my afternoon nap.And before the wisecracks yes that could have been an expensive lie down !!
Report Malcyr December 28, 2011 3:57 PM GMT
betfair need to get their act together and pay everyone who had a bet before the lay at 29's why frustrate customers who did nothing wrong
Report T.I December 28, 2011 3:59 PM GMT
henok the point is the 29/1 backers had an overwhelming unfair advantage and it is purely un ethical to do it.  I dont mind if these lot win but I dont think they will be lucky enough to get those returns.
Report stealthgun December 28, 2011 3:59 PM GMT
Am I right in thinking that all your money is tied up while they are investigating? Not right that.
Report themover December 28, 2011 4:00 PM GMT

Dec 28, 2011 -- 9:59AM, stealthgun wrote:


Am I right in thinking that all your money is tied up while they are investigating? Not right that.


correct

Report T.I December 28, 2011 4:01 PM GMT
they are trying to win that 29 million back by using your money for the other horse races
Report themover December 28, 2011 4:02 PM GMT
shares down 29 now. They'd better hurry up or there won't be a company left to settle it Silly
Report stealthgun December 28, 2011 4:02 PM GMT
Sad
Report book December 28, 2011 4:02 PM GMT
whats unethical about backing a horse at whatever price ? race was in running & the price was up there to be backed at.
Report Malcyr December 28, 2011 4:03 PM GMT
just work out one days interest at all those millions bet
Report Kriskin December 28, 2011 4:03 PM GMT
TJ - was it ethical for BF to lay my 110's instead 11's on a winner 2 weeks ago?  I made an error
Report Highbury December 28, 2011 4:04 PM GMT
Kriskin
Date Joined: 08 Jun 03
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When: 28 Dec 11 15:50
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Highbury - Ur point does NOT stand up.  A rick on Betfair means hard lines.  I layed a horse at 110's instead of 11's one day.  It was a rick on my behalf but Betfair didn't consider it.  Cost me 22k.

What's ur views on that??

My view is that it means that someone has 600 million in their account.......yeah right. , and it also means that someone is still willing to lay 29 when its nearly 5L clear as it crosses the line.........DO ME A FAVOUR.
Report Latalomne December 28, 2011 4:04 PM GMT
TI - the price is only as wrong as someone's opinion makes it.  That's what Betfair is ALL about.  We all drop plums from time to time and we all pay for them when we do.

The question here is whether it's a BF cross matching glitch (which I didn't think was being run on horse racing because of the complications of the RF?) or if someone's found a way of hacking into the site and offering up (and getting matched with) cash that doesn't actually exist.
Report ONLYONESVH.COM/ZW December 28, 2011 4:04 PM GMT
The only issue here is the horse won...had it not it would be settled and history...
Report Kriskin December 28, 2011 4:04 PM GMT
Some NONSEnse BEING POSTED on here today trying to defend Betfair
Report ykickamoocow December 28, 2011 4:06 PM GMT
Punters left in dark over Betfair mystery

BY PAUL EACOTT 2:42PM 28 DEC 2011

CONFUSION reigned among Betfair punters after near-incredible in-running betting on the Christmas Hurdle at Leopardstown on Wednesday resulted in what should be a near-£23 million payout.

A monster sum of £1,642,094 was matched in running at a price of 29 (28-1) on the winner Voler La Vedette with her price failing to drop as she crossed the line four and three quarter lengths in front of Mouard having been sent off a 13-8 chance and never out of contention.



That sum however was only a fraction of what the potential liability could have been with Betfair's graphics (above)  showing that there was over £21.3m offered on Voler La Vedette - which would have resulted in a whopping payout ofalmost £600m.

Betfair issued a statement at 2.48pm which read: "The win and place markets on this race are currently suspended.

"The markets will remain unsettled while we investigate the in-running betting patterns on this race. We apologise for the delay."

Betfair later Tweeted to say: "Update to follow once issue fully investigated.
Report Mr Fu KinLoo Kee December 28, 2011 4:06 PM GMT
Have ATR mentioned this yet?
Report Kriskin December 28, 2011 4:06 PM GMT
Highbury - I know 2 companies who trade on here who have millions tied up trading with their BOTS
Report Keefter December 28, 2011 4:07 PM GMT
Latalomne 28 Dec 11 16:04 
TI - the price is only as wrong as someone's opinion makes it.  That's what Betfair is ALL about.  We all drop plums from time to time and we all pay for them when we do.

The question here is whether it's a BF cross matching glitch (which I didn't think was being run on horse racing because of the complications of the RF?) or if someone's found a way of hacking into the site and offering up (and getting matched with) cash that doesn't actually exist.


Cross matching has been on Horse racing for quite a while, bot prerace and In Running, they have an algorithm which works it all out. The problem isnt with that though, this was a single event and XM was on and working in every other race today.
Report robbo1101 December 28, 2011 4:08 PM GMT
'investigated' complete S**t. we wont get paid, end of. take a screen print of your green figures boys. we wont see a penny of it.
Report elise December 28, 2011 4:09 PM GMT
bf won't pay out and any trades elsewhere are going to have nothing to balance them, those big reds on daq for eg have already been settled
Report Feck N. Eejit December 28, 2011 4:11 PM GMT
Surely the government will cover it. Betfair are city s c u m after all.
Report Latalomne December 28, 2011 4:11 PM GMT
Cheers for that Keefter.  I don't play the win markets on the racing but cross matching definitely isn't being used on the place markets....
Report homefortea December 28, 2011 4:12 PM GMT
T.I nothing unethical about taking the 29.Leaving aside the rather large (!) sum of money involved there must have been numerous times when people have backed such an eventuality for smaller sums, when people have made a mistake, or perhaps thought the horse had taken the wrong course,was carrying the wrong weight or perhaps had impeded the second and lost.I would wager that if this case went to court there would be legions of punters with a tale to tell and they never got their money back !! If this race was voided in running then everyone in such circumstances over the last 10 years should be refunded - a frightening thought for Betfair.Paying up would seem to be the easiest option in that case !!
Report zipifried December 28, 2011 4:12 PM GMT
It is only natural Betfair would investigate this, as it stands there is nothing to be upset about.
Report Keefter December 28, 2011 4:13 PM GMT
Latalomne 28 Dec 11 16:11 
Cheers for that Keefter.  I don't play the win markets on the racing but cross matching definitely isn't being used on the place markets....

nah that would be impossible since the place market has multipl winners so a lay on one cant be matched against another and vice versa
Report ilMule December 28, 2011 4:14 PM GMT
race result is official, bookmakers have to honour the bets, full stop. In 1956 Devon Loch loss the race after the last fence.

If BF thinks that a race can't be win or loss after the last hurdle, they should suspend it after the last hurdle.



Kriskin
28 Dec 11 16:04

Some NONSEnse BEING POSTED on here today trying to defend Betfair


absolutely true
Report duffy December 28, 2011 4:14 PM GMT
mccririck on ssn now
Report zipifried December 28, 2011 4:16 PM GMT
Happy new year everybody !!!! This is going to get paid
Report Latalomne December 28, 2011 4:17 PM GMT
Keefter - surely over-round on the lay side is over-round regardless of the number of outcomes?!?  It just needs to be 200%+ for a 2 place race, 300%+ for a 3 place race or 400%+ for a 4 place race, no?!?
Report mugford December 28, 2011 4:17 PM GMT
Just talked to someone high up in BF. Confirmed that all betting in running will be voided due to palpable error. All bets before start orders to stand.
Report Highbury December 28, 2011 4:18 PM GMT
Kriskin
Date Joined: 08 Jun 03
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When: 28 Dec 11 16:06
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Highbury - I know 2 companies who trade on here who have millions tied up trading with their BOTS

600 million Kriskin ????????????????  Come on , you're getting silly now. Its a rick , nobody gets paid ,get used to it.
Report zekial December 28, 2011 4:18 PM GMT
youve joined just now to give us that news?
Report ocean0201 December 28, 2011 4:19 PM GMT
can someone tell me what happened here? which race

thanks
Report Latalomne December 28, 2011 4:19 PM GMT
PMSL!  Palpable error by whom?!?
Report duffy December 28, 2011 4:19 PM GMT
if they pay out, they'll start a premium charge for every fooker not just the winnersLaugh
Report six gun December 28, 2011 4:19 PM GMT
Excited mugford - joined today - one post Laugh
Report book December 28, 2011 4:20 PM GMT
what i dont understand is who was backing mourad at 1.10 & shorter,this couldent have been an error.
Report councillor December 28, 2011 4:21 PM GMT
If all of this comes down to reputation they may decide to pay out. It will cost them 23 million but in the long run it may be one of the best PR exercises of all time.
Report six gun December 28, 2011 4:22 PM GMT
I've made errors every time I've lost or clicked the wrong button.
Palpable error - the money was sat there for the whole of the race.
There was plenty of opportunity to cancel.
Report DAN1974 December 28, 2011 4:23 PM GMT
book - that would of been bots trading the overound
Report Ibrahima Sonko December 28, 2011 4:24 PM GMT
I didnt understand that either book
Report book December 28, 2011 4:24 PM GMT
exactly,tough luck on the bot users,there the reason i get mugged every wednesday for a pc charge.
Report Kriskin December 28, 2011 4:25 PM GMT
Highbury - nothing silly about me.  Been on here almost 8 yrs.  As a PC payer who has lost thousands on here by my own keying errors. Betfair have to stand-by their mistake. U cannot change the rules even in this case.  If they do it will open up a whole can of worms
Report Greg_Gory December 28, 2011 4:26 PM GMT
last price matched on MOURAD 1.04
Report ocean0201 December 28, 2011 4:28 PM GMT
correct me if i am wrong here

2:00 pm Leopardstown , someone lays the winner at 29/1 at 21m????

amazing if true!!!!!!!
Report broonie2014 December 28, 2011 4:32 PM GMT
what is a PC charge every wednesday as per 'book' message above?
Report pugs December 28, 2011 4:32 PM GMT
The only reason it was still at 29 when it crossed the line was due to the sheer amount of money that was offered at 29, so no one can really argue the price was obviously wrong and therefore people should not be paid out.

I did not get involved, and there may be other reasons why people will not get paid out, but crossing the line at 29 cannot be one of them.
Report Kriskin December 28, 2011 4:32 PM GMT
29.00      £1,642,094
Report Highbury December 28, 2011 4:32 PM GMT
Kriskin , dont be fooled by the starting date. was on here late 2001 under my original name , won loads and then the PC came along and i left them to it. Was on here when Cubone was still a boy and was invited to more hospitality than anybody i know. And that was because i was a decent size player. I really hope you all get paid but i'm trying to be serious. Remember the saying , if it looks too good to be true etc etc etc
Report Hayden December 28, 2011 4:34 PM GMT
it's correct what the poster stated earlier , depending on the algorithm it would have green up the 29 back with a back as low as 1.04 & including the others at 1000 , a bot does as it's told basically and one of mine did exactly that , all to no avail unfortunately when the in-play market is voided.
Report Kriskin December 28, 2011 4:35 PM GMT
Highbury - I knew u were on here longer.  Apologies if ur taking me the wrong way.  We all know there was some error but we all make errors.
Report themover December 28, 2011 4:36 PM GMT

Dec 28, 2011 -- 10:32AM, pugs wrote:


The only reason it was still at 29 when it crossed the line was due to the sheer amount of money that was offered at 29, so no one can really argue the price was obviously wrong and therefore people should not be paid out.I did not get involved, and there may be other reasons why people will not get paid out, but crossing the line at 29 cannot be one of them.


I'd be happy to lay a horse at 29's when it crossed the line if I thought it was going to get disqualified Silly

Report broonie2014 December 28, 2011 4:37 PM GMT
who had money on it then?
Report Howdi December 28, 2011 4:39 PM GMT
only error was made by betfair why not suspend when there had been a mistake it would take 1 second

pay up mistake made now holds yr hands up
Report Super Hanzz December 28, 2011 4:39 PM GMT
I had £3,400 on, emailed but no reply.
Report SuperJez December 28, 2011 4:42 PM GMT
Sadly most betfair users in here seem unaware betfair have already set a precedent for this type of thing in the past. November 2010 they offered a promotion in their casino where they lost a shitload of money, called happy hour.  They refused to pay, voided all winners (keeping losers money) and tried to cover it up.
Report Ibrahima Sonko December 28, 2011 4:43 PM GMT
the bstards have voided ir bets Cry
Report Malcyr December 28, 2011 4:43 PM GMT
talk to the punters who have layed at 1,000 and lost it happens, if betfair don't pay out we must know the reason and it must be one that we all respect and acknowledge as a fair one. A mistake won't do an alleged system error is no goood either as we must have proof. No one got paid back when Fallon got done for losing that race he was so far clear on that he was certain to win but didn't, up to the line any horse can lose. We must believe the reason for not being paid out, being too lucky is not good enough for any punter we get no sympathy when unlucky.
Report John_Cherry December 28, 2011 4:43 PM GMT
all i/r voided official
Report Malcyr December 28, 2011 4:43 PM GMT
we need a reason quickly
Report Gerbs December 28, 2011 4:43 PM GMT
Customers betting in-play on this race will have seen that Voler La Vedette was available to back at 29 when the in-running market was suspended, and that a considerable sum was matched on the clear winner at that price.

An investigation has revealed that this was due to an obvious technical failure which allowed a customer to exceed their exposure limit.

In accordance with our terms and conditions, all in running bets on this race, both win and place, will be made void.

We fully appreciate the dissatisfaction this will cause many customers, and apologise for a very poor customer and betting experience.
Report Keefter December 28, 2011 4:44 PM GMT
a very very long time to reach that conclusion.
Report Ramruma December 28, 2011 4:44 PM GMT
As bets are legally enforceable, the question is whether anyone will have won/lost enough to sue.

Of course, another question is whether fraud is involved, and a third is whether the QA department's Christmas bonus can be clawed back.
Report mac_1 December 28, 2011 4:44 PM GMT
If they have any brains they will pay this out
they have just lost 28 million on their share price stupid twats
paddy power wouldn't make this mistake
If betfair had paid straight away it would have been worth millions in advertising
Report mac_1 December 28, 2011 4:44 PM GMT
If they have any brains they will pay this out
they have just lost 28 million on their share price stupid twats
paddy power wouldn't make this mistake
If betfair had paid straight away it would have been worth millions in advertising
Report Malcyr December 28, 2011 4:45 PM GMT
how can we trust bf's technical honesty now
Report Malcyr December 28, 2011 4:45 PM GMT
they are not safe
Report Malcyr December 28, 2011 4:46 PM GMT
my account closes now and anyone thinking I would have won big is very mistaken
Report themover December 28, 2011 4:48 PM GMT
shares back on the up as Betfair blame their **** software to avoid a pay out

buy buy buy

Laugh
Report cliveyboy December 28, 2011 4:48 PM GMT
timeform radio saying in running bets voided
Report Latalomne December 28, 2011 4:48 PM GMT
Hmmmm....  How can a technical failure allow one punter and not every punter to exceed their balance?!  More to this than meets the eye, IMHO.
Report Ibrahima Sonko December 28, 2011 4:49 PM GMT
surely betfair must be responsible for this mistake, i know i didnt cause it ?
Report Newmanix December 28, 2011 4:49 PM GMT
this is fooking mad stuff. customer problem??????
Report broonie2014 December 28, 2011 4:50 PM GMT
all bets void on that race....just announced
Report duffy December 28, 2011 4:50 PM GMT
Latalomne     28 Dec 11 16:48 
Hmmmm....  How can a technical failure allow one punter and not every punter to exceed their balance?!  More to this than meets the eye, IMHO.


and why did he then go on to stick up a ridiculous price....why didn't he exceed his balance and stick up 3.1 for example?
Report Newmanix December 28, 2011 4:51 PM GMT
wonder will we ever know the name of the culprit
Report PayasoIngles December 28, 2011 4:51 PM GMT
Im cancelling my account and moving to ****, 3 hour wait to be robbed.
Report Mr Fu KinLoo Kee December 28, 2011 4:52 PM GMT
an obvious technical fault that allowed a customer to exceed their limit.

Please remind me Betfair what happened when you ignored a clear technical fault in the first scorer markets for minths that allowed those idiots to exceed their exposure limits a few years ago.

clearly an unsafe place to have a lot of money
Report Mr Fu KinLoo Kee December 28, 2011 4:52 PM GMT
an obvious technical fault that allowed a customer to exceed their limit.

Please remind me Betfair what happened when you ignored a clear technical fault in the first scorer markets for months that allowed those idiots to exceed their exposure limits a few years ago.

clearly an unsafe place to have a lot of money
Report mcfc1981 December 28, 2011 4:52 PM GMT
this is rubbish.
if u knew u could exceed ur account balance what wud u do???

1. put up a 22m lay at 29s
2. put up a series of grand bets
Report themover December 28, 2011 4:54 PM GMT
so in addition to worrying about my horse winning I now have to worry whether or not the person putting the lay up has exceeded their exposure limit LaughLaughLaughLaugh
Report wwoodman December 28, 2011 4:54 PM GMT
Did anyone back on here and lay on BetDQ at lower prices? If so, my thoughts are with you...
Report Latalomne December 28, 2011 4:54 PM GMT
Surely it has to be a security breach with someone out to make a clear point, doesn't it?
Report Newmanix December 28, 2011 4:54 PM GMT
i layed mourad i/r, why am i penilised?
Report Ibrahima Sonko December 28, 2011 4:56 PM GMT
so technically speaking every bet you place could be voided ???
Report The Irish December 28, 2011 4:58 PM GMT
It has taken BF 2 hours 40 mins to come up with the most plausible way out of this mess. If I was the user surely they could look at my account within minutes and void the said bets. All seems a bit shadey to me
Report Latalomne December 28, 2011 4:59 PM GMT
Yep - don't arb between here and anywhere else, whatever you do!

As I said earlier, if it hadn't have been for such a huge amount, no-one would have been any the wiser....
Report Newmanix December 28, 2011 5:00 PM GMT
i laid mourad at sp.  hope i get paid
Report councillor December 28, 2011 5:06 PM GMT
How can a programme isolate just one customers account and give them an unlimited exposure limit???????? Sytems and software are based upon rules and logic. I wonder if this has happened before but has been less obvious?
Report TENDY December 28, 2011 5:09 PM GMT
The Irish
28 Dec 11 16:58 Joined: 30 Jul 04 | Topic/replies: 9 | Blogger: The Irish's blog
It has taken BF 2 hours 40 mins to come up with the most plausible way out of this mess. If I was the user surely they could look at my account within minutes and void the said bets. All seems a bit shadey to me


To be(t)fair pardon the pun I think its more important to analyse properly what happened and give their response.

If it was an db\app error then you would expect a quicker response and constant updates.
Report TENDY December 28, 2011 5:11 PM GMT
It seemed I was the only one (to my knowledge) that mentioned the exposure limit possibly being an issue, surely I am due for some Christmas compensation in my account??!!

Confused
Report Rollo Tomasi December 28, 2011 8:03 PM GMT
ttt
Report tobermory December 28, 2011 9:47 PM GMT
amazing scenes


this is rubbish.
if u knew u could exceed ur account balance what wud u do???

1. put up a 22m lay at 29s
2. put up a series of grand bets



Agree mcfc.

Why in the world would anybody do that?????
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