OnThePunt.com is reporting some significant bets going on Geelong to win the 2009 AFL Premiership on the back of rumours of a player being suspended on a drug test (three strikes and you're out is the policy). No names mentioned as yet, but it can only be a big name from their main rival, reigning premiers Hawthorn. I'd have a guess at who the player is but I don't want to deal with lawyers and a libel case. No major moves on Betfair yet, but OTP is usually on the money with these things so chances are this story has legs...
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
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