Thursday, December 29, 2011

Betfair Betting Problem

A few red faces at Betfair, a runner stays matched at 28-1 even after crossing the line...

http://www.telegraph.co.uk/sport/horseracing/8981353/Betfair-faces-backlash-after-in-running-fiasco-over-Leopardstown-Christmas-Hurdle.html

Apparently £21m matched leading to an exposure of around £600m.

Clearly a systems fault - as Betfair are suggesting, any punter with that much on their account would be highly unlikely (unless George Osborne is getting desperate!).

So they are not going to honour the bets, to do so would probably banrupt them! - but still very bad publicity and the last thing they need.

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