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i think bf been exposed there
i think bf been exposed there
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Replies: 104
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Would the bot have a created a negative balance on its account or was it all real money it lost?
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It should be noted that telbet/helpdesk etc wont have a clue what has happened. Neither will the operators who will have managed/settled the markets. I suspect the **** is hitting the fan as we speak although nothing would be sorted until tomorrow.
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Kriskin,
Due to starvation I stopped for dinner and missed the race. Regretably,I can only speak from past experience. However,Frog's "incorrect non runner" theory seems the most likely explanation. I will stand by my previous statement of,"if it is BF's Bot you will not get paid" and the opposite if it is a number of users Bots. |
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Dave,
How can you bet with money not in your account (unless,of course,you happen to be BF)  |
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was thinking that it somehow appeared to be greening up so it thought it was eg 100k up when it was 100k down
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The money would still need to be in the account,Dave.
If it was,he has lost it. |
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cheers racing. I missed it myself. I was involved in the VLV debacle at Leopardstown from a few seasons ago. Will this out come be any different??
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Kris,
I never believed the VLVD explanation and still do not. If it is users money the payout will stand. If it is BF's you know what will happen. |
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Can anyone explain to me why the bet were been matched when they were. I tried to lay one horse 2f out and it was 1000s (rightly so) yet when I went to lay the eventual 5th 1f 1/2 out I got matched at 1.03. How come some horses were 1000s on the run in yet some with an equal chance which was none trading at 1.03.
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Who but a "Bot Geek" could explain a Bot malfunction,Da?
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Racingstar,
The VLDV explanation was true. The problem is how Betfair deals with these issues. If this problem does relate to a non runner no doubt BF will do all they can to sweep it under the carpet rather address their own failings. |
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You have got the last bit right,Tom
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True Racing, you got any theory on it though? I actually didnt see the full race in-running so missed all of what happened at the start of the race. The market was obviously misbehaving all race but it certain circumstances in the run it was business as usual.
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TOM - the VLVD out come was a DSGRACE. Prices should not be available if NO money in the account to cover it. How mnay times has this happened and they have NEVER had to pay out as the horse lost? Did the losers get their money back as the account which laid them didn't have the funds to cover it. I don't think so
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When is bet Matched?
Answer;Whenever BF did not Lay it  |
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the only horse apart from the winner I got matched IR at low odds was I C Gold. I back and lay IR so it must have just been the laying at the start.
What it probably did was set off any triggered field back bets that a lot of people had set, so I would think a lot of customers were hammered by betting at odds that usually only get matched very late on. I do it myself sometimes and even if you set the liability gruss still ignores it. |
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The industry isn't properly regulated to get to the bottom of any goings on, imagine this occurring on the LSE, its as though for some reason money in these markets are inconsequential.
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Kriskin,
The point with VDLV was that an account had a technical glitch that allowed it to place the bets that were placed without the money actually being in the account. Normally bets cant be placed unless the money is in the account. Hence the biggest disasters only happen to those with huge balances. I know some people used to leave money in the Aus wallet to help prevent this type of thing. i.e. to limit their current balance without having to go to the trouble of depositing and withdrawing large sums. AFAIK it was the only time it had ever happened and hence why it was such a disaster. I remember hearing that one of the problems that Betfair has from a technology point of view is that when it was first setup people would put numbers into code that they thought would never be reached. Say 100 million in terms of numbers of bets matched (I am no technical expert but I believe an upper limit would have to be used). Once those limits are reached is when things like site outages occur. Betfair had no idea what these numbers were. That was certainly the case for one of the biggest outages a couple of years ago. I believe that some people were given refunds depending on their positions. |
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Tom,
Do you believe that the Backers would have got their money back if VLVD had fallen at the last |
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Could this morning's maintenance be anything to do with last night's events? BF is still playing up.
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RS,
I do actually although it ultimately comes down to a management decision. BF tend to be a lot fairer with these types of things then people realise. In this situation they have rules they can hide behind to make the right decisions. The bigger problems come when BF feck up themselves (no rules to hide behind) and are suddenly liable for large sums of money. |
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They would then invent a story that the account holder had a poxy £1,500 balance,Tom,imo
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I will be delighted if someone has lost a small fortune with their thieving bots.
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Betfair was supposed to be punter v punter,opinion v opinion,sadly it has evolved into fast pics v slow pics and bot v bot. Most on here just want to thieve and not have a bet
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If I back (or lay) a horse pre-race and am quite satisfied with the price that I get, in what way have I been thieved?
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