Re: An excellent post.
I remember hearing about this when it happened. There's a few things I don't know though. It's a long thread, and I didn't get through the whole thing.
I believe that people lost money because they didn't "win" the wagers where the player didn't get off the bench, instead these wages were void. Is this correct and is it the entire reason they lost?
I thought that betfair would make sure that you can cover all of your exposure on the bets you lay (by having the $ in your betfair account). Is this not the case? If this is usually the case, what allowed these people to create exposure greater that what they had in their accounts? It would have to be a logic bug on betfair's end?
I also noticed that everybody in the thread seemed to want to instantly defraud betfair by canceling their cards etc., which is actually pretty lame.
|