Betfair cash race

News, chat and debate about the Betfair betting exchange.
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tomallen123
Posts: 107
Joined: Mon Nov 01, 2010 1:52 pm

Unfortunately the Cash Race is currently unavailable to you.
Please check the below reasons why this may be:

Please check the below reasons why this may be:
Having joined Betfair before the 00:00:01 - 01/05/2019.
Customers who take a Betfair Holiday at anytime in the month prior to the Cash Race commencing.


There's a few more reasons listed but they make more sense.
The 2 above are new and don't make sense to me.

Has anyone else been ruled ineligible for this cash race? I've taken part in all the previous ones.
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Yep I'm ineligible too, looks like it's now only available to users who joined after May 2019. Typical of Betfair's mentality of sticking two fingers up to the long term users who helped the exchange grow in the first place.
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Kafkaesque
Posts: 886
Joined: Fri Oct 06, 2017 10:20 am

tomallen123 wrote:
Thu Aug 29, 2019 10:22 am

Having joined Betfair before the 00:00:01 - 01/05/2019.
I'm eligible, and weirdly I'm seeing a different wording than the above.

"Customers who self-exclude and re-join after the 01/05/2019 will not be included, but they’ll be added to future Cash Races"
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Mine are listed as
Unfortunately the Cash Race is currently unavailable to you.
Please check the below reasons why this may be:
- Having joined Betfair before the 00:00:01 - 01/05/2019.
- You have chosen the BASIC plan as part of the Exchange pricing promotion.
- The country where your account is registered is ineligible.
- Customers who self-exclude.
- Customers who take a Betfair Holiday at anytime in the month prior to the Cash Race commencing.
- Customers who close and reopen their accounts 60 days prior to the Cash Race starting will be unable to join the Cash Race. Paddy Power/Betfair employees and Premium Account holders are unable to take part in the Cash Race.
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Derek27
Posts: 23677
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

The cash race has never got my blood pumping and the only time I ever hit my 2nd target was when I used to over-stake and inadvertently take bigger risks.
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tomallen123
Posts: 107
Joined: Mon Nov 01, 2010 1:52 pm

Have spoken to a couple of people with old betfair accounts and both of them are eligible for the cash race.

I'm currently on a betfair points holiday so possible that is the reason why I'm getting the message.
Not sure why using a points holiday should matter with regards to the cash race.

Have been on chat and raised the issue, they are going to email me back.
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Derek27
Posts: 23677
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

It's the joining Betfair before one second after midnight clause that really gets me. :lol: There will surely be a small percentage of customers that joined after 1st May.
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Kafkaesque
Posts: 886
Joined: Fri Oct 06, 2017 10:20 am

The weird thing is though I'm eligible, I'm in effect not. The targets are not set from an average of commission over a longer period, but rather where you max out in a short burst - in my case at least. Like most traders, I would suspect, my commission is pretty even over time. But two things give spikes.

I do a fair bit of betting also. Mostly small-ball compared to the trading, but there's maybe 15-20 times a year, where I have good enough info to really go after the value, and about a quarter of those, I get the best value on the exchange.

And then there's outages, where open trades are forced to run, even if fully or partially hedged elsewhere.

My cash race targets are clearly set after weeks where there's been value on select spots, coinciding with multiple outages.

I need BF to cock up mightily in the coming weeks to stand a chance to get anything from a campaign, they set up to give their customers value. Maybe Webster could use that under irony :?

Cooooooomeeeeeee ooooooooooonnnnnnnn outages. I want my target bonus :lol:
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Derek27
Posts: 23677
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

I had the same problem when I was forced to give up arbing, which ensured profits and losses I rarely get from trading. The next cash race set targets that were unachievable!
rik
Posts: 1583
Joined: Sat Jan 25, 2014 5:16 am
Location: London

didnt get a message about cash race, anyone else?
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Derek27
Posts: 23677
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

rik wrote:
Thu Aug 29, 2019 3:20 pm
didnt get a message about cash race, anyone else?
Neither did I, I just heard about it on this thread. Go to http://cashrace.betfair.com to see if you're one of the lucky ones.
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Derek27
Posts: 23677
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

The message has now changed to "Congratulations you're IN"! I won't be throwing the champagne about though. :roll:
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Naffman
Posts: 5644
Joined: Sun Aug 11, 2013 5:46 am

spreadbetting wrote:
Thu Aug 29, 2019 11:33 am
Yep I'm ineligible too, looks like it's now only available to users who joined after May 2019. Typical of Betfair's mentality of sticking two fingers up to the long term users who helped the exchange grow in the first place.
I'm eligible so don't know why a lot of others aren't
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Betfair seem to be a law unto themselves these days, only thing that fits me is the joining before May 2019.

I'm a higher rate PC payer but always been eligible before and as far as I'm aware simply paying PC doesn't make you a Premium Account holder. I've never been told I am and certainly get no benefit from it. I'd imagine they've barred me because I usually get the top prize simply by churning x-markets.
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Euler
Posts: 24816
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

PC payers are banned from the cash race. Wasn't always the case, but is now.
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