I am taking betfair to court

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beermonsterman
Posts: 539
Joined: Sun Dec 25, 2016 2:47 pm

Derek27 wrote:
Sun Feb 14, 2021 9:57 pm
rik wrote:
Sun Feb 14, 2021 9:49 pm
very likely the reason is partial settlement for golf markets, are you sure you understood how it works?
check all the bets in the profit loss statement for any missing or wrong bets
As sure as Biden will never be president. :)
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Tuco
Posts: 845
Joined: Wed Apr 15, 2009 1:43 pm

wabash wrote:
Sun Feb 14, 2021 6:15 pm
I a previously aid I got robbed in golf by betfair at the masters.

Two week ago I put the same trade for the Australian open.
wabash - your OP is neither lucid nor complete - have you been drinking? Do you understand the Court process?

If you explain your complaint to the Court/Judge in the way you have in your OP to the forum you will lose your case. A Judge won't understand your rambling and will throw out your case unless you quantify your losses and explain your claim in the very simplest of terms with hard, undisputable facts and evidence. Furthermore, you will need to show evidence of wrongdoing on behalf of Flutter Entertainment otherwise you will lose the case and be responsible for their costs as well as your own.

You have not explained to the forum what type of bets you've placed - I suspect they are bets in 'outright markets' where the markets have been partially settled rather than individual match markets settled in full at the end of the match/contest. If so, the BA and browser positions will show differences as BA shows your position with the remaining selections, whereas a browser will show your overall market position including those selections that have been partially settled. Perhaps you can let us know the exact markets you're complaining about and show hard evidence of the bets you have in question.

You will need to supply the Court with photographs/screenshots of each of the matched bets in question and your account statement reflecting those then settled bets. Unless you have a cast iron case, you are wasting your time and money.

FWIW I have a file of incorrectly settled Betfair markets that I will pursue at some future point (subject to the 6 year statute of limitations).
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Derek27
Posts: 25159
Joined: Wed Aug 30, 2017 11:44 am

Tuco wrote:
Mon Feb 15, 2021 1:50 pm
wabash wrote:
Sun Feb 14, 2021 6:15 pm
I a previously aid I got robbed in golf by betfair at the masters.

Two week ago I put the same trade for the Australian open.
wabash - your OP is neither lucid nor complete - have you been drinking? Do you understand the Court process?

If you explain your complaint to the Court/Judge in the way you have in your OP to the forum you will lose your case. A Judge won't understand your rambling and will throw out your case unless you quantify your losses and explain your claim in the very simplest of terms with hard, undisputable facts and evidence. Furthermore, you will need to show evidence of wrongdoing on behalf of Flutter Entertainment otherwise you will lose the case and be responsible for their costs as well as your own.

You have not explained to the forum what type of bets you've placed - I suspect they are bets in 'outright markets' where the markets have been partially settled rather than individual match markets settled in full at the end of the match/contest. If so, the BA and browser positions will show differences as BA shows your position with the remaining selections, whereas a browser will show your overall market position including those selections that have been partially settled. Perhaps you can let us know the exact markets you're complaining about and show hard evidence of the bets you have in question.

You will need to supply the Court with photographs/screenshots of each of the matched bets in question and your account statement reflecting those then settled bets. Unless you have a cast iron case, you are wasting your time and money.

FWIW I have a file of incorrectly settled Betfair markets that I will pursue at some future point (subject to the 6 year statute of limitations).
:lol: 16 replies and I doubt wabash has read a single one of them. Nevermind explaining the case to the court, how does he explain it to his solicitor? :lol: Although going to court is just a pipedream he's not willing to take advice from traders for free but would like to pay a solicitor £100+ an hour to learn about Betfair and go through his transactions!

This situation happened before in a golf tournament last autumn, he had the issue explained to him but probably didn't even read it.
JA89
Posts: 53
Joined: Tue Aug 06, 2019 4:26 am

Derek27 wrote:
Sun Feb 14, 2021 7:04 pm

Yes, in certain circumstances you can have liabilities rhat exceed your balance and they pursue customers in court for large amounts,
Derek, I've heard of this happening before so I'm certain you are correct but I can't possibly comprehend how it actually happens in practice. Is it to do with reduction factors in the event of a scratching/withdrawal?
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Derek27
Posts: 25159
Joined: Wed Aug 30, 2017 11:44 am

JA89 wrote:
Mon Feb 15, 2021 4:11 pm
Derek27 wrote:
Sun Feb 14, 2021 7:04 pm

Yes, in certain circumstances you can have liabilities rhat exceed your balance and they pursue customers in court for large amounts,
Derek, I've heard of this happening before so I'm certain you are correct but I can't possibly comprehend how it actually happens in practice. Is it to do with reduction factors in the event of a scratching/withdrawal?
Yes, if you lay an entire field like a bookie and a big drifter is withdrawn, it can have a much lower reduction factor than the percentage of your book that gets lost (if you laid it at the lower price), the other runners don't get reduced proportionally and a green can turn into a hefty red.
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