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Just been ripped off £500 on a £1 patent by the site that gives the best odds. HA!
Radisya went off at around 12/1 in my patent got 3.05 and basically told tough luck by the bastards!
No more betting on this site!! Suggest you think again before doing so!
Radisya went off at around 12/1 in my patent got 3.05 and basically told tough luck by the bastards!
No more betting on this site!! Suggest you think again before doing so!
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Replies: 63
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I wouldn't touch fixed odds on this site at all. I think they are manipulating the exchange very heavily too.
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That sort of betting is best left to bookmakers.
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I have emailed betfair about this.
done a £2 yankee in france and had a 12/1 and 6/4 winner although they were showing at 3.05 and 15 when I bet them. I was expecting at least £65 for SP maybe more, but I received £16 back. It's obviously well wrong and still waiting to hear how I can get 7/1 for a double at 14/1 and 2/1. |
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Betfair is becoming a bookmaker and manipulation of the exchanges has been blatently obvious for some time now.
Its never long before greed takes over and punters walk. |
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Something strange certainly going on with betfair SP.
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betfair software is first in the queue
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1 high profile lower odds,but every day every race 20% or more better odds,ask them if they give you the 12s ,you will refund all the extra cash you ve made in the last 5 years when odds were bigger.
thats the risk ,95% of the time you gain ,occaisonily you are worse off. if as the thread is surjesting ,they are squeezing the odds all the time ,it would be pointless ,because as with mrs green it p$ssses people of ,so if it happens alot - you will stop betting with them ,so the saving you think they re making ends up being a loss as you ve closed your account. you have to trust them to give you whatever the odds are ,you bet with them because you believe they re the best,they re not stupid enough to try and make you not believe this by nicking bits of money here and there - they have to give you a good service ,so you come back. i do think in some special cases its bad customer service to make you have the true odds,if they low,its worth them standing it to keep customers happy,but thats an accountants v customer service decieson. |
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moondan 07 Oct 12 18:17 Joined: 18 Nov 10 | Topic/replies: 723 | Blogger: moondan's blog
Betfair is becoming a bookmaker and manipulation of the exchanges has been blatently obvious for some time now. Its never long before greed takes over and punters walk. your right - but they ve got to keep you squeezed ,but not too much . |
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aye, to anyone who has been around since the spinning clock days, the change is pronounced.
you know i thought it was the books manipulating the markets in the last ten minutes, sice they all started the BOG offers, honestly never crossed my mind it was bf, the light has come on now tho. |
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colusion within the bookmaking trade i meant, as the books prices all change higher or lower within seconds of each other on oddschecker etc.
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I'm in same boat. Fekin outrageous. Their excuse is "someone wanted to bet it for plenty just at the off" Why would anyone take all prices down to 3.15 when all they need to do is bet it at sp with any high street bookie. Total bollocks. Time to close my BF account
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I don't even know what final prices I got from betfair as they don't have longchamps on their results page.
did I really get 2/1 for a 12/1 shot. |
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I am afraid so and you should complain.
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thats why i hardly ever back horses on here now . some of the odds on the fancied horses are shocking and you can always get a guaranteed price with a bookie which you cannot on here.....the idea of fixed odds on here laughable too.
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i stated this years ago,betfair need to have a plus or minus 20% differencial to industry SP,
i.e if betfair SP is lower or higher the max loss or win will be SP + 20% or minus 20%. they need a safety net for punters and themselves. it could be 30% - but cant leave it open ended - too much risk built in either way.they need to be fair to punters aswell as themselves. |
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how many races in britain or ireland has this happened to in the last 2 years ?
out of the 16,000 races or so ,not many i would think . maybe they should just not do bfsp on races which are not in the u.k or ireland |
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After the Comply or Die fiasco they reckoned it would never happen again because they would be more proactive in the SP market. There was also an instance when someone had a large amount going on to a horse at SP which won and they were boasting on a forum thread about how the SP for the horse held up despite the size of the bet. Maybe it held up because they were proactive then but they then believed their own publicity (a common trait among city & ex-city ponces) and expected the sp market to look after itself.
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Got to agree with willie the milk. Why would anyone buy a bet at 12/1 all the way down to 2/1???? I just can't believe that I'm afraid!
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is this the french race winner that was 10s in books of here bf spo around 3.12. i only notice dit after reace, place sp was abvout 4, something obv went wrong with win sp.
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There is a difference between 'Betfair SP' and 'fixed odds'
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cant see why any1 uses fixed odds. no bog, no double result, and generally poorer prices.
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And different from Multiples.....Betfair Forum Chat November 2011
MULTIPLES Why are the prices on multiples substantially shorter than the same Team/person etc as singles? (Onehundredandeighty) Unlike the exchange, when a customer places a bet on the multiples product, the customer is betting against Betfair. With Betfair multiples the difference between the exchange price and the multiples price is known as the margin. Every sports betting operator applies a margin to each runner in a market, that is how the operator makes a profit in the long term. If we were to offer exchange prices in the multiples product, once we take into account operating costs, the product would be likely to make an overall operating loss. Although the difference in the exchange price and the multiples price may seem substantial on occasions, regular odds comparison exercises on featured high-profile multiples have demonstrated that Betfair multiples is consistently best in market for horse racing, and market leading for football. John, Trading Team Manager. Why does Betfair charge 5% commission & give poor prices on multiple bets? Surely 5% commission is enough without taking 10% and sometimes more off the exchange prices? Do you not think that Betfair is taking customers for a ride on multiples? Betfair is charging more than bookmakers with these bets. (Boogiecat) In terms of offering poor prices in the multiples product, regular odds comparison exercises on featured high profile multiples, have demonstrated that Betfair multiples is consistently best or second best price available in the industry. Betfair is aware that once commission is added to the price, we become less competitive. As a result, Betfair is currently reviewing this with one of the potential outcomes being the possibility of scrapping commission on Betfairs multiples / sportsbook offering. John, Trading Team Manager. |
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I have only been with Betfair for 4 years approx, in that time I have thought its been easily the best betting experience I have had in almost 50 years.
The concept is beautiful, betfair are in a win win situation and unlike bookies they cannot lose and because of that the punter is in no danger of having his account closed because he is a regular winner. Now we are told that is going to change. Fixed odds on horses means Betfair will be taking risks and that means they will manipulate the market to their own ends. Ladbrokes are said to be interested in getting into the exchange markets and perhaps thats the future but the punter will only lose as his edge is ever shaved. Betfair are making a huge mistake by gambling with the multies markets and fixed odds because they will become just another bookie who hates to lose. Somewhere down the line, another company will offer what Betfair once did and they will be happy with a healthy commission and bring punters together and have no care about who wins or loses. Greed brings even the mighty to their knees in the end. |
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What price would they have returned Fujiyama Crest? My guess 1.45
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All you UK punters better pray for the death of FOBT's and a return to your High Street bookies taking bets when they do die, now that the poacher has turned into a gamekeeper, at least the traditional bookies weren't as bad as these Betfair gangsters.
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what price was voler la vadette ?
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What a load of cobblers ! I use Betfair every race, every day, and always beat industry SP. Betfair is the greatest thing since sliced bread.What are you moaners doing wrong ?
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we're backing horses with betfair that are returned 12/1 industry SP and betfair want us to believe that it should only be 2/1
now you tell us, apart from betting with betfair and losing 10 points, what are we doing wrong. |
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artie ,
how good is it for layers at sp.? and if you are correct how long before they are gone ? |
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THIS IS A COMPANY AND THEY HAVE SHAREHOLDERS ,THEY ARE THE PRIORITY. THEY HAVE TO MAKE THEM AS MUCH PROFIT AS THEY CAN ,THE MORE THEY GIVE YOU THE LESS FOR THE SHAREHOLDERS
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THIS IS SOMETHING YOU NEED TO KNOW
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YOU MIGHT NOT LIKE TO KNOW THAT ,BUT IM HERE TO TELL YOU THE WAY IT IS
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shareholders are not doing very well this year
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they'll be doing even worse in future if people can't trust betfair any longer
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What do you expect betting continually like pigs in a poke
only a matter of time before it goes tits up. I am reminded of the free lunch adage.  |
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I emailed them yesterday to point out their "obvious" mistake when I received £16 for a £2 double that included a 12/1 winner.
I just now received this reply Thank you for your e-mail. I have checked this for you and the prices for the indvidual runners were 2.64 for Olympic Glory and 3.04 Ridasiyna. Therefore the correct amount has been added to your account. Please do not hesitate to contact us if you have any further enquiries. Kind regards, Betfair Helpdesk No explanation but just the bare facts. customer service second to none. I think I will probably leave some money on this site for a football bet now and again but it is not worth betting horses on here if betfair are going to manipulate the markets to such an extent as they did yesterday. it's hard enough gambling on winners without gambling on betfair prices as well. |
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Outpost with respect, free lunch springs to mind, truth is there is no such thing............
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I agree wee eck but for a company running a non stop TV ad campaign boasting about giving better prices than their competitors, you can guarantee that they won't want to boast about yesterday's odds.
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outpost, that advert is a myth and always has been. Yes you get fabulous prices on
no hopers but on fancied horses traditional bookmakers prices with the concessions offered are superior imo. Best of luck. |