Betfair Down / Betfair site crash
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spreadbetting
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
I came out of it unscathed for once too
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FrogThimble
- Posts: 124
- Joined: Mon Dec 11, 2017 6:26 pm
Me too... I've come out of it £5 up when I was expecting to be either £6 down or breaking even. It looks like in the confusion I traded once more than I thought I had.
Easy done when everything seems non-responsive, I guess. Nevertheless, that's my day done. It's my very strict policy to make no further trades during any day on which there's an outage.
That doesn't seem like an explanation of the Betdaq situation.spreadbetting wrote: ↑Thu Aug 16, 2018 3:40 pmMost of the other exchanges leech their prices from Betfair so if there's no prices on Betfair they can't price up. I looked at smarkets for the next race and the spreads are ridiculous a spread of 9 - 11 on Flying Sahkee and at least 3-4 ticks between the others with less than £100 liquidity at the front prices
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dragontrades
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spreadbetting
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
Why not? The MM's on Betdaq leech Betfair prices too.Jukebox wrote: ↑Thu Aug 16, 2018 4:10 pmThat doesn't seem like an explanation of the Betdaq situation.spreadbetting wrote: ↑Thu Aug 16, 2018 3:40 pmMost of the other exchanges leech their prices from Betfair so if there's no prices on Betfair they can't price up. I looked at smarkets for the next race and the spreads are ridiculous a spread of 9 - 11 on Flying Sahkee and at least 3-4 ticks between the others with less than £100 liquidity at the front prices
Most people will simply wait for Betfair to come back when there's an outage as they rarely last too long, a few hours max. Can't imagine too many people have an operating balance sitting idle on Betdaq, might have a few quid to close the odd trade but not worth funding the account to trade a few races. Few people will move to other exchanges when Betfair crashes so rare liquidity will rise other than a bit of closing trades , liquidity usually drops.
Well that little episode cost me £120, and I had a winning bet believe it or not!!!
I layed Helf for £62 (between 14.51 and 14.57) and was about to cash out when the screen froze and BF went down. Helf was beaten
My PL shows a £120 loss
Blimey!!!
I layed Helf for £62 (between 14.51 and 14.57) and was about to cash out when the screen froze and BF went down. Helf was beaten
My PL shows a £120 loss
Blimey!!!
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convoysur-2
- Posts: 1110
- Joined: Thu Jan 12, 2012 10:00 am
SWEET LORD--give me strength
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Betfair have replaced their email support with online support and their reply to my query (see above) was a simple statement (no other conversation)
We are not liable for the failure of any equipment or software howsoever caused, wherever located or administered, or whether under our direct control or not, that may prevent the operation of the Services, impede the placing of offers for bets or the matching of bets, or prevent you from being able to contact us. Please be aware that if you place a bet with the intention of subsequently placing a separate bet to reduce the liability incurred by the initial bet (including by using Betfair’s ‘Cash Out’ functionality), there can never be a guarantee that the Services will be available at the point you wish to place the subsequent bet (this is the case regardless of whether or not the unavailability of the Services is due to a matter beyond our reasonable control). We will not be liable for any failure to perform by a third party to our Agreement. ‘
Doesn't this make trading obsolete?
There are some views on this on the following threadJames1st wrote: ↑Thu Aug 16, 2018 5:46 pmBetfair have replaced their email support with online support and their reply to my query (see above) was a simple statement (no other conversation)
We are not liable for the failure of any equipment or software howsoever caused, wherever located or administered, or whether under our direct control or not, that may prevent the operation of the Services, impede the placing of offers for bets or the matching of bets, or prevent you from being able to contact us. Please be aware that if you place a bet with the intention of subsequently placing a separate bet to reduce the liability incurred by the initial bet (including by using Betfair’s ‘Cash Out’ functionality), there can never be a guarantee that the Services will be available at the point you wish to place the subsequent bet (this is the case regardless of whether or not the unavailability of the Services is due to a matter beyond our reasonable control). We will not be liable for any failure to perform by a third party to our Agreement. ‘
Doesn't this make trading obsolete?
viewtopic.php?f=2&t=15501
No - it just makes it risky - but then we know that.James1st wrote: ↑Thu Aug 16, 2018 5:46 pmBetfair have replaced their email support with online support and their reply to my query (see above) was a simple statement (no other conversation)
We are not liable for the failure of any equipment or software howsoever caused, wherever located or administered, or whether under our direct control or not, that may prevent the operation of the Services, impede the placing of offers for bets or the matching of bets, or prevent you from being able to contact us. Please be aware that if you place a bet with the intention of subsequently placing a separate bet to reduce the liability incurred by the initial bet (including by using Betfair’s ‘Cash Out’ functionality), there can never be a guarantee that the Services will be available at the point you wish to place the subsequent bet (this is the case regardless of whether or not the unavailability of the Services is due to a matter beyond our reasonable control). We will not be liable for any failure to perform by a third party to our Agreement. ‘
Doesn't this make trading obsolete?
Last edited by Jukebox on Thu Aug 16, 2018 6:07 pm, edited 1 time in total.