Betfair announce end of trading then delete tweet

[greenmark]

You can't expect companies to take unlimited liabilities or an ambiguous liabilities so I'd expect a catch all in most companies terms and conditions.

All traders are asking for is a bit of a definition of certainty around what actually defines a market. When does it open, close. When that rule is broken Betfair should be punished for poor service, not rewarded. Or it's a slippery slope to the sportsbook. It is an exchange afterall, so some rules and definitions around the exchange would be helpful!

Traders operate on tiny margins, so an outage decimates returns.

I suggested on the "Betfair down" thread that all bets on affected markets should be void. But I now realise there are people with non-trading, winning bets plus people perhaps with exposure on another platform that they have covered via a matched BF bet.
These people have matched bets. They think they're covered.
I dont think it would be fair (probably even breach of contract) to void their bets.
I sympathise with traders with exposure but the original tweet kind of says it all. BF won't guarantee continuous service. And thats the crux of it.
The debate has certainly made me think how outages might affect me and how I could limit any damage.

[Euler]

Early volumes on Betfair are tiny but if they want to protect that user base then say something along the lines of 'all bets will stand up to this point' but after we will void affected markets.

[Atho55]

Within the Betfair Settings it should be possible to have checkboxes to instruct BF on the course of action to take with an unexpected outage. This would remove all the ambiguity around each persons betting style and what to do. Implementaion by them of course is another thing...

BF.png

[Atho55]

Within the Betfair Settings it should be possible to have checkboxes to instruct BF on the course of action to take with an unexpected outage. This would remove all the ambiguity around each persons betting style and what to do. Implementaion by them of course is another thing...

BF.png

[Kai]

I've been reading some of the comments in this thread and these are all valid points (for the most part), although I couldn't help but notice that they all lacked something, like a real solution that would satisfy all types of Betfair customers. Ever since the last outage I've been working hard on the final solution for an entire week and I definitely think that I cracked it. I've added a subtle green arrow to the screenshot in case you somehow missed it. Now granted, most of the work was learning how to take a screenshot and finding the right font to fit right in, but the cunning part of the solution is that it will be turned off by default so it won't affect your below average Joe punters. In fact, they'll never even notice this tab, since they only ever use the Deposit tab anyway!

[LinusP]

I've been reading some of the comments in this thread and these are all valid points (for the most part), although I couldn't help but notice that they all lacked something, like a real solution that would satisfy all types of Betfair customers. Ever since the last outage I've been working hard on the final solution for an entire week and I definitely think that I cracked it. I've added a subtle green arrow to the screenshot in case you somehow missed it. Now granted, most of the work was learning how to take a screenshot and finding the right font to fit right in, but the cunning part of the solution is that it will be turned off by default so it won't affect your below average Joe punters. In fact, they'll never even notice this tab, since they only ever use the Deposit tab anyway!

Who is going to take the liability when traders have this enabled?

[napshnap]

I've been reading some of the comments in this thread and these are all valid points (for the most part), although I couldn't help but notice that they all lacked something, like a real solution that would satisfy all types of Betfair customers. Ever since the last outage I've been working hard on the final solution for an entire week and I definitely think that I cracked it. I've added a subtle green arrow to the screenshot in case you somehow missed it. Now granted, most of the work was learning how to take a screenshot and finding the right font to fit right in, but the cunning part of the solution is that it will be turned off by default so it won't affect your below average Joe punters. In fact, they'll never even notice this tab, since they only ever use the Deposit tab anyway!

I want the premium charges switch instead

[Derek27]

I've been reading some of the comments in this thread and these are all valid points (for the most part), although I couldn't help but notice that they all lacked something, like a real solution that would satisfy all types of Betfair customers. Ever since the last outage I've been working hard on the final solution for an entire week and I definitely think that I cracked it. I've added a subtle green arrow to the screenshot in case you somehow missed it. Now granted, most of the work was learning how to take a screenshot and finding the right font to fit right in, but the cunning part of the solution is that it will be turned off by default so it won't affect your below average Joe punters. In fact, they'll never even notice this tab, since they only ever use the Deposit tab anyway!

We've already touched on this on the other thread. You might choose to void your bet in an outage the person on the other side of it may be a bettor who hasn't chosen to void.

[Euler]

Maybe seperate the two types of activity into separate areas so people can decide what they want. People who back only could use something different from the exchange. They could call it a sportsbook or something.

[eightbo]

You must not have heard, Betfair have had 95% best prices on the exchange so far in 2019

[Euler]

I'm somewhat aware that Harry has burnt his crumpets again. Beyond that my mind hasn't been able to soak up much else.

[wearthefoxhat]

Here is the dilemma that Betfair face, generally speaking your Joe punter is a loser and pumps the exchange full of losing money and there (were?) a lot of them, by number. But traders provide the bulk of liquidity by far that allows the punters to get on in reasonable quantity at great prices and bets will be honoured. So who do you piss off the most?

1-2 tick scalpers can be easily replaced by bf's own bots and they'll draw nice attractive figures. Not a problem.

That's not a big stretch by any means, and quite possible if they were inclined.

On-line poker has gone through the ringer on this, with sites employing their own bots/algo's to "support" games and create rake in cash games. The thing there is, their software would know all the cards already dealt and ones to come, so good luck with that. It was only the players with their own stats that discovered the variance(s) were higher that it should be.

I'm not sure how much due diligence the Romanian courts would insist on and could do, or want to, if there was evidence to suggest that was happening.

and who can forget......

betfair.PNG

[wearthefoxhat]

I'm somewhat aware that Harry has burnt his crumpets again. Beyond that my mind hasn't been able to soak up much else.

and keep locking himself out...(or sandr locked him out)

[greenmark]

I'm somewhat aware that Harry has burnt his crumpets again. Beyond that my mind hasn't been able to soak up much else.

Thats a reference that is as baffling to me as when a friend once said 'The old Steinbecks are giving me jip' and then explained. Steinbeck - Grapes of Wrath.

[ShaunWhite]

You must not have heard, Betfair have had 95% best prices on the exchange so far in 2019

And the price you pay for that extra value is the risk you take when using them.