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Lost The Rider
Posts: 50
Joined: Wed Sep 09, 2015 2:44 pm

https://www.theguardian.com/sport/2016/ ... e-paid-out

Interesting ruling as Betfair have made similar decisions in the past.
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Euler
Posts: 26474
Joined: Wed Nov 10, 2010 1:39 pm

Thank's for posting that up, else I would have missed that.
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

I remember the thread on Betfair about it when it happened, smarkets made all sorts of excuses finally settling on the customers account had been compromised. Good to see IBAS have ruled in favour of the punter not smarkets. I see smarkets even added extra t&c's to cover this, it'll be interesting to see if they now remove their t&c's about 'palpable' bets due to the IBAS ruling.

Here's the original betfair thread

http://community.betfair.com/horse_raci ... #550087101
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Dallas
Posts: 23589
Joined: Sun Aug 09, 2015 10:57 pm

Glad to hear they settled in the punters favour, though it should never of had to get that far, not heard of Betfair refusing to settle any of the bets when something similar but larger happened on their exchange a week or so ago
viewtopic.php?f=5&t=7400&start=4300
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Only difference was in the Betfair case a punter was on the other end of the bet, if it'd been Betfair's own bots losing out I'm sure they'd look to void the same as smarkets did.
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