Betfair Down / Betfair site crash
I'm sure others here would know better than me, but from what I'm aware, they don't consider being unable to trade out as a reason to void the market.
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After that little outage my "When Betfair F*ck up log" currently stands at -€126.09
Betfair will never void a horse racing market due to them considering money placed into the markets a 'Bets' and they will refer you to the T&C you were forced to agree with if you wanted to use their platform.
However, the new advertising strategy on TV and radio promotes the trading aspect of the Betfair Exchange. Surely this should force them into looking further into voiding the races when their platform fails. Which isn't unusual. How can they promote and sell their product as a trading platform and not void the markets when only one side of the trade is activated. If they don’t they should not be advertising the exchange for trading purposes.
Because of that advetisment there might even be a legal case to be put forward to have the race void if the product was sold to you on the ability to trade (open/close) positions on the platform and they have not lived up to your expectations.
However, the new advertising strategy on TV and radio promotes the trading aspect of the Betfair Exchange. Surely this should force them into looking further into voiding the races when their platform fails. Which isn't unusual. How can they promote and sell their product as a trading platform and not void the markets when only one side of the trade is activated. If they don’t they should not be advertising the exchange for trading purposes.
Because of that advetisment there might even be a legal case to be put forward to have the race void if the product was sold to you on the ability to trade (open/close) positions on the platform and they have not lived up to your expectations.
Last edited by xtrader16 on Thu Jan 21, 2021 2:39 pm, edited 2 times in total.
Nope they are not voiding any markets as per their twitter response:
Betfair Help
@BetfairCS
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9m
Unfortunately, no markets will be voided and unmatched bets were cancelled in line with our outage procedure rules. Apologies for any inconvenience this may have caused. -
🗣
Mike M
in the long term you should break evenTrader Pat wrote: ↑Thu Jan 21, 2021 2:21 pmAfter that little outage my "When Betfair F*ck up log" currently stands at -€126.09
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Yeah last time it happened I made €260 so swings and roundabouts I suppose!gstar1975 wrote: ↑Thu Jan 21, 2021 2:23 pmin the long term you should break evenTrader Pat wrote: ↑Thu Jan 21, 2021 2:21 pmAfter that little outage my "When Betfair F*ck up log" currently stands at -€126.09
If there's is, the people who backed Trump will bankrupt Betfair.