Apologies for the lack of posting this last week, but have had all my time diverted to my lovely new baby daughter, born 21/9. Life has changed forever :)
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
Congratulations! You're right - life is never the same again. Enjoy your baby - time really does fly.ReplyDelete
All the best for you and your family!
Congratulations, now the fun starts. Kids are great though, they give you a completely different perspective on life. Enjoy!ReplyDelete
Congratulations Scott :)ReplyDelete
Yes your correct Scott! Your life will change forever. Congratulations...ReplyDelete