Punters left in dark over Betfair mystery

[Danny Jarman]

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."

http://www.racingpost.com/news/horse-rac...ry/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.

[Magda Hassan]

Wow. Interesting. The silence is a worry. Should all be up front about this sort of thing.