Betfair Down / Betfair site crash

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Dim
Posts: 129
Joined: Tue Feb 20, 2018 2:12 pm

BetScalper wrote:
Tue Aug 21, 2018 8:44 pm
Dim wrote:
Tue Aug 21, 2018 8:31 pm
With the last outage only four days ago, trading on betfair is becoming more like playing roulette ......
Their infrastructure people need sacking and/or BF need to dig deep and invest for the future or they will be history in a couple of years.
Definitely ,people responsible for this need to be published somehow, and I believe now is the best time to change " all trades are turned to bets" policy, when a crash happens. I can't see it continuing the way it was, with outages happening every four days.
Jukebox
Posts: 1576
Joined: Thu Sep 06, 2012 8:07 pm

Nero Tulip wrote:
Tue Aug 21, 2018 8:50 pm
Should we all be short the stock as a hedge ?
Paddy Power buy back their shares in these dips
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BetScalper
Posts: 1139
Joined: Sun Jul 02, 2017 10:47 pm

Well, I don't know about their infrastructure people (I believe that was outsourced) but PaddyPower/Betfair Software Engineers, on average are earning GBP 66,300 per annum.

Holy smoke….
Emmson
Posts: 3394
Joined: Mon Feb 29, 2016 6:47 pm

BetScalper wrote:
Tue Aug 21, 2018 8:58 pm
Well, I don't know about their infrastructure people (I believe that was outsourced) but PaddyPower/Betfair Software Engineers, on average are earning GBP 66,300 per annum.

Holy smoke….
Outsourced to low wage Romania I read somewhere. LOVELY!
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northbound
Posts: 737
Joined: Mon Mar 20, 2017 11:22 pm

From my experience working in the IT sector, usually these outages are symptoms of lack of clarity and direction from the top.

Either because of messy directors or too many high up people pulling in different directions.
Dim
Posts: 129
Joined: Tue Feb 20, 2018 2:12 pm

JTEDL wrote:
Tue Aug 21, 2018 8:51 pm
Dim wrote:
Tue Aug 21, 2018 8:31 pm

trading on betfair is becoming more like playing roulette ......
that's ok as roulette looks to be working ! 8-)
Looks like all the investments BF made, where in the casino part of their business , as it's working fine during the outage, makes me think... :cry:
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BetScalper
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Its cloud-based architecture, supported by a company in Romania.
Jukebox
Posts: 1576
Joined: Thu Sep 06, 2012 8:07 pm

"We are presently performing a market clean up and will then be restoring the Exchange once done."

They said it themselves they're cleaning up!
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Thankfully Derby scored so my 0-0 lay that I was unable to close hasn't cost me a few thousand, can't imagine I'll come out on top though as I had other back trades on 0-0 on other games I couldn't close either.
Dim
Posts: 129
Joined: Tue Feb 20, 2018 2:12 pm

Dallas wrote:
Tue Aug 21, 2018 7:25 pm
Thankfully I was in between tennis matches so no harm this time.

two major outages within a week! and Ebor starting tomorrow and US Open next week
THIS TIME the key words.
invisiblelayer
Posts: 247
Joined: Fri Sep 10, 2010 7:08 pm

Really feel for those that had positions open and big liabilities. Communication from them is shocking, you can only find out basics from that sh@t twitter helpdesk bot they run.
leewillo75
Posts: 32
Joined: Tue Apr 18, 2017 6:00 pm

and its back up ...

and you can still place bets on markets that finished ages ago

I just did a test best on Mjondalen V Asane to prove this. The game finished one 1 1 at about 19:30 but I can still back over 1.5 goals now at 1.15

I know the bet will be voided but it just goes to show what a bunch of clowns they are

You honestly couldnt make it up
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Kafkaesque
Posts: 886
Joined: Fri Oct 06, 2017 10:20 am

Euler wrote:
Tue Aug 21, 2018 8:02 pm
leewillo75 wrote:
Tue Aug 21, 2018 7:39 pm
Euler wrote:
Tue Aug 21, 2018 7:30 pm
It really is a joke, we should compile the list of crashes and put them into some sort of document.
the problem is they dont give a hoots ....

Hopefully long term it will be their downfall
I think this and their attitude in general, will be their downfall. I did a presentation many years ago where I listed the unstoppable corporate lifecycle. Arrogance leads to complacency and complacency to failure. Once the rot sets in, you can't stop it. Corporations just lose touch with their core proposition and what got them there in the first place. It's more dominant in listed companies, they just can't act decisively to stymy the problems.
It's a valid argument as to what we're seeing. I would, though, be interested in your take on why it still happens, now that the Exchange is part of Paddy Power/Betfair?

If it was just Betfair Exchange - with its, on the face of it, unchallengeable market position - I'd be 100% on board with the complacency creeping in; not necessarily quite so much when it's a part of a larger organisation.
Dim
Posts: 129
Joined: Tue Feb 20, 2018 2:12 pm

BF must open a market for people to bet on it, at this stage I believe. Going like, "Time of the next outage". Good liquidity guaranteed!!! Absurd. No words.
Jukebox
Posts: 1576
Joined: Thu Sep 06, 2012 8:07 pm

"No matched bets will be void due to an outage."

That seems clear but it is not what they've done. They have voided matched bets.
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