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+--- Thread: Punters left in dark over Betfair mystery (/thread-8589.html)
Punters left in dark over Betfair mystery - Danny Jarman - 28-12-2011
Quote:CONFUSION reigned among Betfair punters after near-incredible in-running betting on the Christmas Hurdle at Leopardstown on Wednesday resulted in what should be a near-£23 million payout.
A monster sum of £1,642,094 was matched in running at a price of 29 (28-1) on the winner Voler La Vedette with her price failing to drop as she crossed the line four and three quarter lengths in front of Mouard having been sent off a 13-8 chance and never out of contention.
That sum however was only a fraction of what the potential liability could have been with Betfair's graphics (above) showing that there was over £21.3m offered on Voler La Vedette - which would have resulted in a whopping payout ofalmost £600m.
Betfair issued a statement at 2.48pm which read: "The win and place markets on this race are currently suspended.
"The markets will remain unsettled while we investigate the in-running betting patterns on this race. We apologise for the delay."
![[Image: 31338.jpg]](http://images.racingpost.com/2011/Dec/31338.jpg)
![[Image: 31337.jpg]](http://images.racingpost.com/2011/Dec/31337.jpg)
http://www.racingpost.com/news/horse-racing/leopardstown-voler-la-vedette-punters-left-in-dark-over-betfair-mystery/968454/
This looks to be a very pricey error by a bot of some kind. Most likely Betfairs own cross matching/hedging bots. I wonder if they will pay out? A 600 million pound loss won't be any good to their already plunging share prices.
Punters left in dark over Betfair mystery - Magda Hassan - 29-12-2011
Wow. Interesting. The silence is a worry. Should all be up front about this sort of thing.