It's a miracle - betfair refund

The sport of kings.
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Murgo
Posts: 25
Joined: Mon Nov 25, 2013 10:44 am

Had a nightmare last Friday on the 1st race at Ascot. There were 3 reserve runners which I didn't notice. The lay market was over-round and I started smashing it (stupid). I was showing a healthy green book of close to $200. Then all of a sudden the market resettled (as the reserve runners were withdrawn). My green book suddenly turned into a red book of $1,900 and my betfair account was in negative by about $1,000. I could have exited the position for a small loss of $16 but I couldn't get out because my account was in negative. Next minute the race started and I was screwed. I couldn't understand what happened and was furious I couldn't exit. Called betfair and they said they would investigate. A few days later got a call from Betfair who got all technical with me about the betting rules etc. In short they said there was nothing they could do.

Just got a call from Betfair ... by some miracle they said there was a stuff up on their side and they have just refunded me my loss of $1,900 !!

I will never do that again !!

Phew ...

My inexperience in some of the techical betfair rules caught me out. I am stoked it worked out in the end.
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Euler
Posts: 26457
Joined: Wed Nov 10, 2010 1:39 pm

Well done, that's pretty much like wining the lottery when you are quoted terms!
PeterLe
Posts: 3727
Joined: Wed Apr 15, 2009 3:19 pm

Great result!
It just goes to show that when something looks too good to be true on betfair, it generally is!
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