BETFAIR
on Wednesday came in for fierce criticism from customers after they
made the decision to void all in-running bets placed on a Leopardstown
race after an incredible lay bet left a punter facing a theoretical £23
million payout.
RELATED LINKS
Watch the replay
An
internal three-hour long investigation into the fiasco concluded that
usersof the site had suffered "a very poor customer and betting
experience", after the decision was made to cancel all in-running bets
placed on the race, in which winner Voler La Vedette was available to
back at a price of 29 (28-1) as she crossed the line four and a half
lengths clear.
A total of £1,642,094 was matched at that price
after a lay bet of £21.3m was offered on the 13-8chance at 29 - which
would have resulted in a whopping payout of almost £600m if it was all
matched.
Betfair issued a threadbare statement which said the
decision to void all bets was taken after it became apparent the
appearance of the bizarre lay bet "was due to an obvious technical
failure which allowed a customer to exceed their exposure limit."
Betfair spokesman Tony Calvin said: "It is an obvious error in the fact that the horse was 28 passing the line.
"To offer that kind of amount you would have to have £600 million in
your account and anybody backing it at that price knew that something
was wrong."
He continued: "It is clearly a technical failure
that somebody somewhere was able to place a bet with that liability.
Clearly nobody in their right mind would want to strike a bet like
that."
0 comments:
Post a Comment