Are you on the API Aston?
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Brit do not understand your question?Comment -
Brit do you mean the newswire serviceComment -
API is an alternative to the standard interface for programmers etc, reason I ask is a very credible BF member has indicated he has had rogue trades on his account via a post on the BF Forum, and he acceses BF through the API, they seem to have had some problems with the API recently and have shut parts down and rebooted, do you post on the BF Forum?Comment -
Hi aston
The api he asks about means are you using a third party betting platform such as gruss or betangel, I imagine he is wondering if this is how a third party got your username etc & whether they may have had info to help bust your account
As i see it there are two scenarios here:
1. you or someone known to you blew the cash
2. a third party unknown to you accessed the account remotely
In order to do this they needed all your account info plus your card info. The easiest way to access a betfair account is colusion from with the betfair organisation (clearly this would never happen your honour & the remainder of this is pure speculation).
The keylogger / hacking option is plausable but it would be easier to buy info from a dishonest employee of the company concerned.
If betfair hold your cvv number on record somewhere that would also explain how they had all the details needed to raid your card as well as the 160k balance.
Re how they would do it, well quite simple really. They choose a horse that will probably lose and put up a bet to be backed at a low price from their own accounts.
The obv one is 1.01 but I'd imagine they would have picked something between 1.1 and 1.5 to hide a little, perhaps using multiple accounts to further hide their identity. in addition other real punters would have offered bets on this outsider innocently, so confusing it further and making it harder to track. A 1.1 bet for 50000 only requires them to offer up 5000 of risk so they didn't need larger amounts of cash themselves to pull it off.
When ready they access your account and place back bets on this horse mopping up all prices down to their low priced offers, from betfairs perspective this now looks like you've just whacked a huge lump on a horse and have been matched by a number of layers at prices from maybe 50-1 down to 1.1
Clearly some innocent people picked up a bargain but I'd imagine the thieves pocketed a fair chunk of the 160k when the horse subsequently lost. If betfair are saying lots of people matched your bets then they probably did, but the critical thing to know is which layers matched you for the bulk of that cash at low prices because they were almost certainly the ones placing the bets onto their prearranged low offers.
The problem you now have is I imagine they will have moved that cash further through the system, either "losing" it to other accounts via a similar means or through the poker site.
Long post, hope it makes some sense and gives you something to look into.
Re betfair, your sbr thread link was posted on their forum the other day but wasn't met with alot of credibility, most people assume you blew it yourself.
I myself an not sure whether to believe you or not, but would like to know the outcome one way or another. If bf are at fault then it's essential the person responsible is caught quickly.Comment -
apologies brit, you replied whilst i was typing,
sorry!
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great post annie, and spot on.
BF will never admit to any wrong doing or attempt to track inside action.Comment -
I have used betangel in the past and I do not see where the SBR link is posted on betfair fourm and NO I did not post that on betfair fourmComment -
Anne M can you post the link here where the SBR is posted on betfair fourmComment -
Just throwing this in the pot:
Multiples are matched directly against betfair, as are regular exchange bets from certain countries (not sure which countries as I can't access from work, but it says somewhere on the site).
Not sure whether this has any bearing on the matter.Comment -
That's the whole point, it normally wouldn't. No one wants to back a 50-1 shot at this price, but I'll bet Astons account did.
The money set at those prices would have been laid by the scammers on their own accounts before they then placed the matching back bets from his account. If aston is telling the truth I will bet my life his account shows bets at extremely low prices on rank outsiders. When the horse subsequently lost they had won his money.
Aston; I know you didn't put the thread onto betfair, someone else did having read it on here. It has now dropped off the general betting forum & is no longer on there. Title was "worth a read" posted by elise. You might be able to retrieve or view here
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i think that is what BETFAIR said what happened when they investigatedComment -
Betfair said the other side of the trades was matched by many accounts, i.e. that scenario didn't happen.Comment -
Heehawwwwwww $50,000 on a horserace laying at 30-1 and 50-1 odd is not normal betting by myself..thats CRAZY!Comment -
Never knew this.If you are a UK registered customer you are betting through the UK exchange, which means that your bets are being matched by other Betfair customers. In this case, although Betfair knows who is on each side of every bet matched, you never know who you are betting against, as it may be a number of people matching your one bet. If you are registered with Betfair from outside the UK you are betting directly against Betfair rather than other Betfair customers
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also I cannot see any better on whole of betfair beting those odds..there has to be catch and fraud somewhere for the winnersComment -
really! DAM I did not know that!APKComment -
why would they do that I wonder?Comment -
ofcourse it does. it has been discussed here before, the uk customers have different t&c then non-uk who fall under betfair's operation in malta. it's a technicality, probably has something to do with favourable conditions for betfair to operate from malta and has nothing to do with how the exchange itself operates.
obviously, if you take a bet on offer, you are betting against someone, with betfair only being the middleman (so: in betfair malta's wording both you and the guy offering the bet are in effect betting against betfair, resulting in a zero position for betfair before commission, and the risk being taken by the two players betting against each other).Last edited by noyb; 11-13-08, 01:49 PM.Comment -
so am I betting againest another punter or betfair itself?Comment -
Annie M BETFAIR HAS BLOCKED THE THREAD! for EliseComment -
From the sounds of what noyb said:
You put a lay at odds of 10 on a horse
Betfair matches that with a back of 10.
Another user(s) put in a back of 10
Betfair matches that with a lay of 10.
Whereas in the UK its just
You put in a lay of 10
Another user(s) match that with a back of 10
Net effect is identical, but in your case you are betting against Betfair.Comment -
aston, are you dead? get paid off to be quiet???? either case your not going to reply are you...Comment -
I would like to say **** you to every mother ****er that made fun of my when I complained that there was not SSL on several major sites. This is what ****ing happens. Idiots.Comment -
So.....How'd this turn out???Comment -
bf could have paid him to SHUT UP, you dont knowComment -
people, what happened here?Comment -
i am sure that bitch aston got paid off to shut up, i will wager huge on itComment -
How is it that all the bets lost in 30MINUTES??????? the only way that could happen is if the site put in the bets and past posted askk for your betting slipsComment
