I have not seen this mentioned on here, so I thought I would post it.
If any of you noticed an extra £2.43 in your oz wallet and was not sure were it came from.
Here's the answer.
Betfair Customer Services
19 Oct 11 07:51 Joined: 22 May 02 | Topic/replies: 2,830 | Blogger: Betfair Customer Services's blog
As you may realise, many Australian markets offered by Betfair employ cross-matching, a process that increases the likelihood of customers’ bets being matched through a specifically-calculated algorithm. (For more detailed information on cross-matching on Australian markets, please visit cross-matching.betfair.com.au/.)
Over time, the cross-matching process on Australian markets results in the accumulation of a small amount of residual funds within our internal matching account, which we are required to distribute to eligible customers at certain intervals.
Customers who have placed a bet in an Australian exchange market that employs cross-matching since the last distribution of funds will be entitled to an allocation of a share of these funds.
As any Betfair customer throughout the world to have placed a bet in an Australian cross-matching market is entitled to a share of the distributed funds, the relevant amounts per customer are quite small.
This announcement is to inform Betfair customers that a redistribution of funds has begun to take place today Wednesday October 19 2011, with all funds being distributed by next week. Funds will be deposited into customer’s Australian wallets, in their local currency.
If you have any further queries, please contact our Help Desk on 1300 238 324 for Australian customers and 0800 567002 for New Zealand customers or you can email us at [email protected].
Regards,
The Betfair team.
Betfair Customer Services 19 Oct 11 10:16
We are aware some customers are experiencing a repeated funds transfer from their UK wallets to their AUS wallets for the amount of £2.43. This is due to a problem with an automated scheduled job, that was due to return funds to customers accounts regarding Australian Cross-Matching funds distribution (see below). This job has now been stopped, and our technical teams are now investigating. We apologise for any confusion caused.
The Tasmanian Gaming Commission requires Betfair to periodically distribute the surplus funds from cross-matching on Australian markets back to customers. You can find more information about the cross-matching process here cross-matching.betfair.com.au/
To be eligible to receive a share of this distribution a customer must have placed a matched bet on an Australian cross-matching market since 3 December 2010. Accounts that are excluded, closed or suspended are not eligible to receive a share. Future distributions will occur approximately 4 times a year.
Eligible customers will receive a small equal share of the surplus funds. The funds will first be credited into the Main wallet and then transferred into the Aus wallet in accordance with the TGC’s requirements.
Australian Cross-Matching Residual Funds Distribution
News, chat and debate about the Betfair betting exchange.
Post Reply
1 post
• Page 1 of 1
Post Reply
1 post
• Page 1 of 1
Jump to
- Bet Angel Professional - Betfair trading software
- ↳ Bet Angel - Release & version history
- ↳ Announcements
- ↳ Bet Angel - FAQ's
- ↳ Bet Angel for newbies / Getting started
- ↳ Bet Angel - Tips and tricks
- ↳ Bet Angel - Spreadsheet / Excel chat
- ↳ Bet Angel - Example spreadsheets
- ↳ Horse racing
- ↳ Trade analysis & record keeping
- ↳ Tips and tricks
- ↳ Excel Power Query
- ↳ Bet Angel - Automation
- ↳ Bet Angel - Total Performance Data - FAQ's
- ↳ Bet Angel Automation - Shared files
- ↳ Bet Angel Automation - Football
- ↳ Bet Angel Automation - Tennis
- ↳ Bet Angel Automation - Horse racing - In-running
- ↳ Bet Angel Automation - Horse racing - Pre off
- ↳ Bet Angel Automation - General
- ↳ Bet Angel - API
- ↳ Bet Angel Automation - Betfair trading alerts
- ↳ Tennis trading alerts
- ↳ Bet Angel - Servants
- ↳ Bet Angel - Servants - Shared files
- ↳ Bet Angel - Customisation, settings, filters and coupons.
- ↳ Market selection filters
- ↳ Market coupons
- ↳ One Click trading interface
- ↳ Ladder trading interface
- ↳ Advanced charting
- ↳ In-play trader tool
- ↳ Guardian market list layouts
- ↳ TPD / Total Performance Data
- ↳ Suggestions
- ↳ Betfair trading videos - For current videos visit www.betangel.tv
- ↳ Support
- Betfair trading & Sports Betting strategies
- ↳ General discussion
- ↳ Australian
- ↳ Deutsche
- ↳ Español
- ↳ Italiano
- ↳ русский
- ↳ Trading Horse racing
- ↳ Football trading
- ↳ Trading Financial markets
- ↳ Cryptocurrency
- ↳ Tennis Trading
- ↳ Trading Psychology
- ↳ Other Betfair Sports Trading markets
- ↳ Trading Golf
- ↳ Rugby
- ↳ Boxing
- ↳ Non Sports trading Markets
- ↳ Political betting & arguing
- ↳ Technology
- ↳ Betfair Cricket trading
- ↳ Betfair trading strategies
- ↳ Sports betting strategies
- ↳ Loss recovery systems and methods
- ↳ Trading Greyhound racing
- Betting exchange & Bookmakers reviews and advice
- ↳ Chill Out Area
- ↳ Betfair exchange
- ↳ Betfair Data
- ↳ Betfair Exchange API
- ↳ Betdaq exchange
- ↳ Alternative betting exchanges, Smarkets, Matchbook etc.
- ↳ Bookmaker & Sportsbooks
-
- Bet Angel Quicklinks