Wednesday 22 November 2017

Betfair to compensate for error

Betfair are to compensate some customers left out of pocket by the remarkable betting patterns that took place during the woodiesdiy.com Christmas Hurdle at Leopardstown last month.

The betting exchange initially voided all in-running bets on the race after one customer apparently laid easy winner Voler La Vedette for £21,474,836 at 29 (28-1).

This would have left the punter with a maximum liability of close to £600million and it later transpired that a technical fault with a 'bot' (automated betting system) was to blame.

A Betfair statement read: "Certain categories of voided bets will be compensated by way of ex gratia payments from Betfair."

"The categories ... are: 1. In-play winning positions in both the 'win' and the 'to be placed' markets which were achieved before the technology failure; and 2. In-play winning positions in the 'to be placed' market achieved at any time through to the completion of the race."

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