Large Money Mia From Betfair Account

**Stumpage** · 11-10-08, 09:23 AM

Originally posted by Santo

That said, with a book as easy to deposit too as Betfair, there's really no reason to keep more funds than you're going to use in a relatively short period there...

Good point Santo.....By the same token, it's been my experience that they pay out relatively quickly as well, at least via the Moneybookers method for those who have that option....Basically, one can usually move money in and out over a relatively short period of time if your situation requires that you do so.....

**Santo** · 11-10-08, 11:03 AM

I just use bank wires / debit card and only keep about 3 days worth of "losses" there.

**aston** · 11-10-08, 12:26 PM

The credit card company contacted me for the high amount of money put on the credit card and red flagged the credit card until I had to call them ...this made much easier for me to file and get my money back which will be a couple of weeks

**aston** · 11-10-08, 02:37 PM

stumpage its a very big story considering the amonunt of money involved and the reason I kept a large balance was from winnings I have over 5 years betting at betfair and I believed the larger my account with betfair the easier is to make 0.5% profit daily. (Dam do I feel foolish now with my account being cleaned out!!!)

**chance** · 11-10-08, 02:43 PM

Originally posted by Stumpage

And I'm going to assume that you're joking.....Some guy appears out of the internet jungle with a decidedly foggy (at best) tale claiming to have had his life funds pillaged by a sportsbook, and you run for the hills? There's been no confirmation; no in depth report...Just some stranger's written text. Are you kidding me?

I have funds, a lot of funds, in BetFair and several other sportsbooks. If I were go into a panic every time I read about a contentious issue about any of them from a complete stranger, then I would consider withdrawing from the world of online wagering, something I recommend you think seriously about.....

Not kidding at all my feathered friend.

I can see how with exchanges someone if they get access to your account they can get your money very easily. This is not the case with regular sportsbooks.

I still hold money at betfair but I have withdrawn the excess.

Only a fool would ignore a warning like this!!!

**SBR Lou** · 11-10-08, 02:47 PM

Originally posted by chance

Not kidding at all my feathered friend.

Good looking penguin, isn't it?

On a serious note, I think this thread should just serve as a reminder to everyone, (whether or not the allegations are true), that having an alleged 5 years worth of earnings inside any sportsbook account is probably not an +EV decision.

If 2500$ is 5 years worth of earnings, don't keep that much in an account, if that figure is $50,000, don't keep that much. I think it's a much safer bet keeping excess funds that you don't wager with daily in a checking account somewhere.

**HeeeHAWWWW** · 11-10-08, 02:54 PM

Originally posted by chance

I can see how with exchanges someone if they get access to your account they can get your money very easily. This is not the case with regular sportsbooks.

You still need the CVV number to deposit though, so no different at betfair from any other book afaik (although some actually store it, eg stanjames, very bad imo).

**Apologist** · 11-10-08, 03:39 PM

Originally posted by aston

The credit card company contacted me for the high amount of money put on the credit card and red flagged the credit card until I had to call them ...this made much easier for me to file and get my money back which will be a couple of weeks

Aston,

the above quoted part isnt clear to me - did you (or the alleged hacker?) make some deposits (or withdrawals?) from the credit card used to fund your Betfair account?

this is important because in my opinion this is the only valid point in the 'my money was stolen from betfair' case - if your card was also compromised

**sickler** · 11-10-08, 04:15 PM

I mustn't have read enough of this thread.

I was under the impression Aston was doing a CC ********** to recoup some of the losses he clearly blames Betfair for.

**Scooter** · 11-10-08, 04:20 PM

aston - I likewise am still unclear about your credit card issue.

If I understand your vague posts correctly - Apparently someone made a large deposit or deposits to Betfair using the credit card you have registered to Betfair.

At some point your credit card company redflagged the card, because of uncharacteristically large charges being made to the card.

But why would they refund the money to you?

Do you mean that they are doing an investigation - i.e., looking into the matter? And then they may or may not refund the money?

It's hard for me to accept that you simply spoke to them on the phone, and they said "I see that you've made charges on this credit card in the past to Betfair.
But this time you are claiming that it wasn't you who made these charges, so no problem, we'll give you your money back."

If it was that easy, every shot taker in the world would be depositing non-stop into sportsbooks using credit cards, and every time they lost they would claim what you are claiming.

It is simply not that easy to get a refund, based on the hazy details you've referred to in your posts.

Can you be more specific?

What steps did you go through to get the cc company to agree to refund your funds?
A telephone conversation only?

**Scooter** · 11-10-08, 04:24 PM

Originally posted by sickler

I mustn't have read enough of this thread.

I was under the impression Aston was doing a CC ********** to recoup some of the losses he clearly blames Betfair for.

Based on his vague posts, all of us can only make assumptions on what he's posting about.

**Scooter** · 11-10-08, 04:27 PM

Originally posted by aston

The credit card company contacted me for the high amount of money put on the credit card and red flagged the credit card until I had to call them ...this made much easier for me to file and get my money back which will be a couple of weeks

I understand that they redflagged the card due to high charges made to it.

But I don't understand how that makes it easier for you to file and get your money back.
(Unless you simply mean that this alerted you to the problem before you would have noticed otherwise).

Also - what do you mean by "easier for [you] to file"?
What filing did you do?

**HeeeHAWWWW** · 11-10-08, 04:37 PM

Originally posted by Scooter

If it was that easy, every shot taker in the world would be depositing non-stop into sportsbooks using credit cards, and every time they lost they would claim what you are claiming.

It is simply not that easy to get a refund, based on the hazy details you've referred to in your posts.

It is that easy in the UK at least - maybe Canada has similar laws?

**aston** · 11-10-08, 05:20 PM

Scooter I had to call the credit card compnay to why my credit was being declined on other purchases I was trying to make. The credit card company said their was a large purchase made on betfair for $15,000 and thats why the they flagged my card. I had to file paperwork and Indemnity paper work with my bank who is the card issuer. I think scooter is was easier for me to file because the credit card company noticed the fraud charges before I did.

**sickler** · 11-10-08, 05:41 PM

Originally posted by aston

Scooter I had to call the credit card compnay to why my credit was being declined on other purchases I was trying to make. The credit card company said their was a large purchase made on betfair for $15,000 and thats why the they flagged my card. I had to file paperwork and Indemnity paper work with my bank who is the card issuer. I think scooter is was easier for me to file because the credit card company noticed the fraud charges before I did.

So there was a $15 000 deposit to your Betfair account charged to your credit card?

How much money was in your Betfair account when this transaction occurred? Was it before or after the 160K loss?

**aston** · 11-10-08, 05:55 PM

The credit card was charged after my whole account was cleaned out

**aston** · 11-10-08, 06:13 PM

sickler are you from British Columbia?

**sickler** · 11-10-08, 06:19 PM

Originally posted by aston

The credit card was charged after my whole account was cleaned out

Timeline is a bit fuzzy. Is this how it went down?

Account wiped out on horse race. Account reloaded with credit card to the tune of $15 000.

How much time elapsed between the account being drained and reloaded? Did any wagering take place on the account with that 15K?

**sickler** · 11-10-08, 06:20 PM

Aston, I'm in Ontario

**Stumpage** · 11-10-08, 06:36 PM

Originally posted by chance

Not kidding at all my feathered friend.

I can see how with exchanges someone if they get access to your account they can get your money very easily. This is not the case with regular sportsbooks.

I still hold money at betfair but I have withdrawn the excess.

Only a fool would ignore a warning like this!!!

Feathered friend...Nice one

Well, always do what you feel is best for you of course, I can't argue that.....

Look, I sincerely hope Aston hasn't been screwed over. I'm just saying that I'd still like to see what comes out in this thread before all is said and done.....

Anyway, good luck in getting this resolved Aston. Hopefully it works out for you.....

**aston** · 11-10-08, 06:50 PM

Yes wagering did take place on the account with $15,000

**aston** · 11-10-08, 06:51 PM

wonder where all the brits are today

**aston** · 11-10-08, 06:58 PM

thank you stumpage but the ip address that betfair keeps going back to is odd because one would only have to place a phone call overseas and place a very very large bet and if it lost cry fowl!! would betfair give the money back.. (as I have said before betfair says that all the bets were made from my ip but why would I be crying wolf when I know for a fact that the ip does get logged everytime you are on the betfair site..5 years of loyalty and betting patterns history not matching what happen in 30 minutes. to clean out $161,000)

**HeeeHAWWWW** · 11-10-08, 07:06 PM

It doesn't really matter whether it matches your betting patterns - betfair have no way of knowing if you were drunk/stoned/whatever. If it comes from your IP, with your password, and your card's CVV number, they're going to assume it was you.

It's not like Betfair have that money sitting around - it went to another punter. You're essentially asking them to take a $161k loss when as far as they can see it all points back to you. For that to happen, it will need evidence, not merely believing your word.

**aston** · 11-10-08, 08:10 PM

I did the compuer hard drive scan that DATA suggested for my computer and labtop and the keys were NOT typed in from my computers!! during the times the bets at question were placed.

**APK** · 11-10-08, 09:36 PM

Originally posted by aston

I did the compuer hard drive scan that DATA suggested for my computer and labtop and the keys were NOT typed in from my computers!! during the times the bets at question were placed.

Scary!

Btw, it's 'laptop'

Edit: Good luck!
Edit 2: So your IP was hijacked, one way or another.
Are they willing to testify in court and are they (this company) credible enough for this to stand in court?

**sickler** · 11-10-08, 09:59 PM

Aston, I will stop with my line of questioning. As mentioned earlier, it's all circumstantial stuff. With this thread still active, all that's left for the average joe is to form an opinion of your guilt or innocence.

Being cynical in nature, I'll only come across looking like a prick.

A lot of money went *poof* in your account. However it happened, it's just brutal.

If you truly are a victim, I wish you the best in recovering the funds.

**JoshW** · 11-10-08, 10:04 PM

Bet Fair security is still investigating. Based on discussion with management the money on the other side of the bets was not dumped to certain accouts (100s of account on the other side of the bets), so that eliminates the best chance of recovering funds in my mind.

SBR will continue to try to help the player, but at this point it looks like whether fraudulent or not, the money (aside from credit card fraud charges) is gone and can't be recovered.

**aston** · 11-10-08, 11:08 PM

I appreciate all the efforts being made by SBR and Josh

**Data** · 11-10-08, 11:54 PM

Originally posted by aston

I did the compuer hard drive scan that DATA suggested for my computer and labtop and the keys were NOT typed in from my computers!! during the times the bets at question were placed.

Can you be more specific of what has been determined? Preferably, just quote what they said.

**Apologist** · 11-11-08, 04:13 AM

Aston,

If you are a long-term winner with a clear edge over the market which made you profits consistently (IF), why not try to get back in the game may be with small stakes (token stakes even). Might make you feel better and help get back on track..

Again, the very best of luck with this issue and everything else

**aston** · 11-11-08, 01:21 PM

you do have a good point Apologist

**wtf** · 11-11-08, 01:24 PM

aston, i can tell you from personal experience BF are lying cheating slime. we were doing a merger with them. they backed out at last minute and tried to steal our ideas.

all this crap about queens shit is a total bluff. you think they will admit they made a mistake?

i know the management, they are pure scum.

you keep up the fight.

**aston** · 11-12-08, 01:12 AM

some journalists have contacted me about my story by email..I shall keep the fourm updated (odd was not expecting that to to happen)

**aston** · 11-12-08, 02:10 PM

I have contacted betfair and see what they say