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BF used to cancel unmatched lay bets at the off when there was a late withdrawal with a significant reduction factor that they did not have time to remove from the market.
This did not happen in the 17.40 Chelmsford where the favourite did not run.
Was this a BF error or has the procedure changed?
This did not happen in the 17.40 Chelmsford where the favourite did not run.
Was this a BF error or has the procedure changed?
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This bit, from R&R 10?
"When there is a late withdrawal, Betfair may not have time to remove the non-runner from the market before turning it in-play. In such cases if Betfair is able to determine that the late withdrawal is a material runner (i.e. a selection with a reduction factor of approx 20% or greater in the win market), it reserves the right to cancel ALL lay 'keep' bets (in both the win and ‘to be placed’ markets) before turning the market in-play. If Betfair does not cancel lay 'keep' bets in the case of a late withdrawal (for example, it may not be possible to know which horse is withdrawn, at the time of the off), any such bets placed before the off and matched in-play will remain at the original selected price. This means that those lay 'keep' bets will not be subject to any reduction factor which as a result of the late withdrawal, will be applied after the completion of the race to bets matched at or before the 'off'." I confess I had completely forgotten they did this. |