Liability..?

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PeterLe
Posts: 3729
Joined: Wed Apr 15, 2009 3:19 pm

Hi
I've noticed that when you log into Betfair and click on the account summary..it states something similar to :-

Betfair points
Current discount rate: 14%
Betfair points balance: 10,823
Betfair holiday balance: 3
Exposure limits (GBP)
Main wallet (singles): -5,000.00
Main wallet (multiples): -1,000.00
Australian licence wallet: 0.00

Could someone please explain how the -5,000 is derived? Even when I had less than 5,000 in the account it still showed -5,000 ?

Can your liability be greater than the main wallet figure??
Thanks
Peter
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LeTiss
Posts: 5489
Joined: Fri May 08, 2009 6:04 pm

It's a default figure to stop people gambling more than they can afford

These figures can easily be changed though

I phoned up Betfair because I wanted to place £12000 on a football match & they changed it straight away

Therefore, I assume you could have it lowered too
PeterLe
Posts: 3729
Joined: Wed Apr 15, 2009 3:19 pm

Oh I see...So if I had say 7K in my account..I could still only stake 5K...
Thanks LeTiss..
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