There is currently 1 person viewing this thread.
What would happen if you won 1k on that winner then lost £500 on each of the next two races?? Would your account be -1000????
sort by:
Show
per page
Replies: 33
|
By:
Yes.
|
|
By:
No it wouldn't ! If those 2 horses had won you wouldn't get the money either. It's happened to me !!!!!
|
|
By:
What happened to you?
|
|
By:
so who pays out the people you've lost 2x £500 to?
|
|
By:
If you have additional funds in your account it will come from that, otherwise you will get a negative balance and they will chase you up with threat of the big boys
|
|
By:
or where does the losers money go if you back a winner
|
|
By:
When I queried it, I was told that betfair themselves stand all the winnings and losses. I suppose that makes sense
I backed a winner that was dq after a long wait after a stewards was called after 6-8 minutes. But in the meantime I backed a 9/2 winner with my 'winnings' only to find out that I had won nothing as my account would have been zero. From what I remember I had £25 on a 7/4 winner and then bet my 'winnings on just under £80 on a 11/8 winner. I remember thinking I would have deposited some more money into my account if my 'winner' had been a lose as the 11/8 winner was the horse I really fancied lol. This was about 8 months ago but stil remember it lol |
|
By:
Meant just under £70 not £80 !
|
|
By:
Many people have reported on here over the years that their account was now in negative balance after Betfair had resettled a market and taken back their winnings.
|
|
By:
My account balance is now in negative. I took my winnings from the dq'd market and then bet on another race that i lost.
|
|
By:
^ So the person who LAID your subsequent, secondary bet 11/8 winner - for £110 - then did NOT end up Paying out? - or ...
Did Betfair KEEP 'your'/the £110 Winnings - and that LAYER still Lost. THAT - if your statement is both True and Correct - Opens up a 'whole can of worms'. |
|
By:
maybe they stand the losses as above, though if you have a negative balance of 1k then surely you cant deposit without first clearing the balance, but i know for a fact if you win, make a withdrawal, and then it gets disqualified to put you on a negative balance, they take the liberty of cancelling the withdrawal to pay for the losses - happened to me 2 weeks ago ...
|
|
By:
maybe they stand the losses as above, though if you have a negative balance of 1k then surely you cant deposit without first clearing the balance, but i know for a fact if you win, make a withdrawal, and then it gets disqualified to put you on a negative balance, they take the liberty of cancelling the withdrawal to pay for the losses - happened to me 2 weeks ago ...
|
|
By:
thats the BF rule of : 'Voler la Vedette' JB, AKA BF commiting palpable stealing.
|
|
By:
should be void imo because the funds dont exist for subsequent bets
|
|
By:
There's a 12 hour window on withdrawals - plenty of time for Betfair to reverse panic withdrawals.
|
|
By:
I'm not sure onlooker. All I was told in the phone was that betfair stand all the bets resulting from a negative or indeed positive balance when this happens. Luckily it's only ever happened once to me.
For those that go into a negative balance as they've thought they'd backed a winner should ring betfair and query it. It's probably in their rules somewhere I guess ??? |
|
By:
Poppydog. 10 Nov 15 16:36
There's a 12 hour window on withdrawals - plenty of time for Betfair to reverse panic withdrawals. impos surely...if you use funds to win £1000 off someone and the 1st bet is reversed your telling me the person who loses £1000 gets it back? no chance |
|
By:
cancel the above copied wrong reply
|
|
By:
Fashion Fever 10 Nov 15 16:35
should be void imo because the funds dont exist for subsequent bets impos surely...if you use funds to win £1000 off someone and the 1st bet is reversed your telling me the person who loses £1000 gets it back? no chance |
|
By:
|
|
By:
all that headache over about 90 grammes
how much does a teaspoon of semen weigh? |
|
By:
worrying that you measure it by the teaspoon dusty, i'd bet most people in your house refuse to have sugar in their coffee
|
|
By:
 might be why I live alone elise on a slightly more serious note If they say the following bets 'didnt occur', then what funds were used to win the 1000 in the first place? I.E what if you had 100 quid in the account to start to win the 1k, would that mean 100's worth of bet was allowed to be supposedly matched in the following losing bets? sounds rather contrived to me.....most likely they just debit the account to leave in a minus figure....after all they allegedly have given credit bets in the past have they not? |
|
By:
why was it DQ?
|
|
By:
Following an objection by the clerk of the scales, Arthamint, who passed the post 1st, was disqualified - rider weighed in 1.5lbs light. Eaton Rock was awarded the race.
FFS had it 4/1  |
|
By:
1.5lbs now?
Its going up whats a saucer of sp0nk weigh? |
|
By:
If your account goes negative can you be forced to pay
|
|
By:
BF didnt cover the VLV bets when someones a/c went negative so the rule is not enforced consistently.
|
|
By:
what happened to the in running players fighting for 1.01 ?
|
|
By:
those that got on are probably explaining to the kids that christmas is cancelled because daddy was caught trying to bag a free whopper meal ...
|
|
By:
 |
|
By:
Arklearkle 10 Nov 15 18:28
BF didnt cover the VLV bets when someones a/c went negative so the rule is not enforced consistently. that was 1.0001 a bf bot...in 15yrs ive never known anyone go over their exposure limit. |