Man sues Betfair

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Goobs
Posts: 71
Joined: Thu Jul 10, 2025 4:01 pm

BFDon wrote:
Thu Oct 16, 2025 5:04 pm
Never went to one because i didn't want to miss out on trading days but these VIP meets must have had an bizarre dynamic back in the day. Mixing the big losers with the the very people fleecing them, did the losers just pretend they were winners?
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LinusP
Posts: 1922
Joined: Mon Jul 02, 2012 10:45 pm

BFDon wrote:
Thu Oct 16, 2025 5:04 pm
Never went to one because i didn't want to miss out on trading days but these VIP meets must have had an bizarre dynamic back in the day. Mixing the big losers with the the very people fleecing them, did the losers just pretend they were winners?
I can confirm this, I went to the infamous covid Cheltenham event which mixed both in the same tent. The most bizarre part was the corner consisting of screens / laptops for people to logon and bet. There where a few there glued to them all day, watching the race via a screen whilst it happened live behind them.

And yes they did all give the appearance of winning, from memory there must have been 20+ tables of 10 with only one for ‘premium’.
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jamesedwards
Posts: 4620
Joined: Wed Nov 21, 2018 6:16 pm

LinusP wrote:
Thu Oct 16, 2025 8:02 pm
BFDon wrote:
Thu Oct 16, 2025 5:04 pm
Never went to one because i didn't want to miss out on trading days but these VIP meets must have had an bizarre dynamic back in the day. Mixing the big losers with the the very people fleecing them, did the losers just pretend they were winners?
I can confirm this, I went to the infamous covid Cheltenham event which mixed both in the same tent. The most bizarre part was the corner consisting of screens / laptops for people to logon and bet. There where a few there glued to them all day, watching the race via a screen whilst it happened live behind them.

And yes they did all give the appearance of winning, from memory there must have been 20+ tables of 10 with only one for ‘premium’.
Surely these people were trading weren't they? Faster pics live at the event and the angle for drones at Cheltenham is not great. Probably loads of money to be made sat at a PC there.
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ruthlessimon
Posts: 2183
Joined: Wed Mar 23, 2016 3:54 pm

jamesedwards wrote:
Thu Oct 16, 2025 2:32 pm
What has happened to personal responsibility?
Gambler loses £1M: Blames regulation, loses in court
Bank ceo loses £24B: Blames regulation, wins in court

I think the lesson is if someone wants to do risky shite, make sure it aint your money
LinusP
Posts: 1922
Joined: Mon Jul 02, 2012 10:45 pm

jamesedwards wrote:
Thu Oct 16, 2025 9:27 pm
LinusP wrote:
Thu Oct 16, 2025 8:02 pm
BFDon wrote:
Thu Oct 16, 2025 5:04 pm
Never went to one because i didn't want to miss out on trading days but these VIP meets must have had an bizarre dynamic back in the day. Mixing the big losers with the the very people fleecing them, did the losers just pretend they were winners?
I can confirm this, I went to the infamous covid Cheltenham event which mixed both in the same tent. The most bizarre part was the corner consisting of screens / laptops for people to logon and bet. There where a few there glued to them all day, watching the race via a screen whilst it happened live behind them.

And yes they did all give the appearance of winning, from memory there must have been 20+ tables of 10 with only one for ‘premium’.
Surely these people were trading weren't they? Faster pics live at the event and the angle for drones at Cheltenham is not great. Probably loads of money to be made sat at a PC there.
Potentially but I don’t think they even cared or realised considering the laptops where limited to a browser only.
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megarain
Posts: 2151
Joined: Thu May 16, 2013 1:26 pm
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Casino sues Man ..

Chinese guy inherited father's business, expanded it, and cashed out $350m.

Lost it all in the Vegas casinos in 7yrs. Got a loan for $14m, (from casinos), didnt pay, and they sued him.

It was eventually dropped, but does show that responsible gaming procedures might not yet be in place or werent yet implemented.

Apparently, in Nevada, responsible gaming is only losing 10% of yearly income (heaven forbid they should be forced to advise what games have lowest house edge)

Guy lost $60m at Wynn casino before he was banned (either for his own good, or the Wynn was scared they might have a liability).
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