Australian Open 2022
Thanks. I have just extracted the relevant history and forwarded it to support, referencing both our forum usernames and this thread. What you state above is exactly what happened. I put a lay on one and cashed out via cash out button and this created lays on everything else. OK I did repeat this a couple of times but was "trusting" cash out to be just that (as it is with the bookies) and not a trap !Euler wrote: ↑Wed Jan 19, 2022 10:42 pmIf you put a lay on one and then cashed out. The book was overbroke so XM and cash out would have gone for a cashout by laying everything else. So that would be Betfair's fault. If you did that on Bet Angel it would have reversed your position to cash out and not tried to be 'clever' about it.
If you want to drop a note to support with the bet history from Betfair we would be interested in looking at it to confirm.
Received an email from Betfair that as an act of goodwill they will be removing all the bets placed on the market that gave rise to my "unexpected position". Mightily relieved and delighted with their customer service! Seems the point I have been making about the unfair consequences of their cash out option was valid ! This is what they are presumably fixing before starting to settle lay bets on losers.tul0dhf wrote: ↑Thu Jan 20, 2022 9:09 amThanks. I have just extracted the relevant history and forwarded it to support, referencing both our forum usernames and this thread. What you state above is exactly what happened. I put a lay on one and cashed out via cash out button and this created lays on everything else. OK I did repeat this a couple of times but was "trusting" cash out to be just that (as it is with the bookies) and not a trap !Euler wrote: ↑Wed Jan 19, 2022 10:42 pmIf you put a lay on one and then cashed out. The book was overbroke so XM and cash out would have gone for a cashout by laying everything else. So that would be Betfair's fault. If you did that on Bet Angel it would have reversed your position to cash out and not tried to be 'clever' about it.
If you want to drop a note to support with the bet history from Betfair we would be interested in looking at it to confirm.
I guess thats why the market has been suspended for so long. I am pleased for you but concerned with how BetFair will resolve the problem. I presume they are stepping into your shoes on the bets and not voiding them completely as that would then affect other traders positions for no reason.tul0dhf wrote: ↑Thu Jan 20, 2022 5:43 pmReceived an email from Betfair that as an act of goodwill they will be removing all the bets placed on the market that gave rise to my "unexpected position". Mightily relieved and delighted with their customer service! Seems the point I have been making about the unfair consequences of their cash out option was valid ! This is what they are presumably fixing before starting to settle lay bets on losers.
That's good news, not just for you but it suggests they realise it's their cock-up. I hope they will reimburse everybody who used cashout but it's going to be quite expensive as they'll have to honour the other side of the bets.tul0dhf wrote: ↑Thu Jan 20, 2022 5:43 pmReceived an email from Betfair that as an act of goodwill they will be removing all the bets placed on the market that gave rise to my "unexpected position". Mightily relieved and delighted with their customer service! Seems the point I have been making about the unfair consequences of their cash out option was valid ! This is what they are presumably fixing before starting to settle lay bets on losers.tul0dhf wrote: ↑Thu Jan 20, 2022 9:09 amThanks. I have just extracted the relevant history and forwarded it to support, referencing both our forum usernames and this thread. What you state above is exactly what happened. I put a lay on one and cashed out via cash out button and this created lays on everything else. OK I did repeat this a couple of times but was "trusting" cash out to be just that (as it is with the bookies) and not a trap !Euler wrote: ↑Wed Jan 19, 2022 10:42 pmIf you put a lay on one and then cashed out. The book was overbroke so XM and cash out would have gone for a cashout by laying everything else. So that would be Betfair's fault. If you did that on Bet Angel it would have reversed your position to cash out and not tried to be 'clever' about it.
If you want to drop a note to support with the bet history from Betfair we would be interested in looking at it to confirm.
Agree. It would be unfair on others if they voided both sides of the bets so I am fairly sure they will be taking the hit themselves.tumby wrote: ↑Thu Jan 20, 2022 5:53 pmI guess thats why the market has been suspended for so long. I am pleased for you but concerned with how BetFair will resolve the problem. I presume they are stepping into your shoes on the bets and not voiding them completely as that would then affect other traders positions for no reason.tul0dhf wrote: ↑Thu Jan 20, 2022 5:43 pmReceived an email from Betfair that as an act of goodwill they will be removing all the bets placed on the market that gave rise to my "unexpected position". Mightily relieved and delighted with their customer service! Seems the point I have been making about the unfair consequences of their cash out option was valid ! This is what they are presumably fixing before starting to settle lay bets on losers.
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plasteredric
- Posts: 65
- Joined: Thu Nov 19, 2020 4:52 pm
Just seen this video on youtube:
https://youtu.be/MubkKy0-v5s
Is this right or is he now potentially looking at a loss?
https://youtu.be/MubkKy0-v5s
Is this right or is he now potentially looking at a loss?
Looks right - but i didn’t watch it all just skimmed.plasteredric wrote: ↑Fri Jan 21, 2022 12:04 amJust seen this video on youtube:
https://youtu.be/MubkKy0-v5s
Is this right or is he now potentially looking at a loss?
I did something a bit similar although not exactly the same. I backed the main chances without Djokovic. Once round 1 commenced and after Djokovic had been fully removed from the market I layed the main chances (as the % of market that Djokovic took up previously was distributed among those top players).
Of course nothing is risk free and court outcomes are difficult to predict. But my loss if Djokovic played would have been relatively minor against the upside. Plus so many other people were doing things incorrectly in the market and that was tilting it in favour of the strategy I used.