Greetings - welcome to the land of sports betting. One thing that bothers me about people betting on sport is that so many of them can't see past the obvious, which is usually horse racing and football. There are so many other sports out there to bet on, and more importantly, so many more opportunities going in these other sports. Open your eyes, expand your horizons and don't fall for the same stuff that everyone else follows - all that means is the information is way too public - if everyone knows about it, where's the advantage for you?
The Christmas Hurdle from Leopardstown, a good Grade 2 race during the holiday period. But now it will go into history as the race which brought Betfair down. Over £21m at odds of 29 available on Voler La Vedette in-running - that's a potential liability of over £500m. You might think that's a bit suspicious, something's fishy, especially with the horse starting at a Betfair SP of 2.96. Well, this wasn't a horse being stopped by a jockey either - the bloody horse won! Look at what was matched at 29. Split that in half and multiply by 28 for the actual liability for the layer(s). (Matched amounts always shown as double the backers' stake, never counts the layers' risk). There's no way a Betfair client would have £600m+ in their account. Maybe £20 or even £50m from the massive syndicates who regard(ed) Betfair as safer than any bank, but not £600m. So the error has to be something technical. However, rumour has it, a helpdesk reply (not gospel, natur