Large Money Mia From Betfair Account

[aston]

jetsfan not the crazy numbers on the horse races

[aston]

APK no I do not use bots for trading I punt and trade myself

[wtf]

i dont care what anyone says, if your telling the truth aston you keep up the fight. dont take the soft approach, it wont work, they will ignore you and hope you go away.

it is possible betfair fuked up, there systems are fallable.

i agree the hack angle is highly unlikey and there is no upside for the perp. unless it is revenge.

you have any known enemies?

[JoshW]

Hello aston,

I have your emailed complaint to SBR, and I will be contacting you via email in the next hour after I have reviewed all the information.

Josh

[noyb]

noyb It does not say in there terms they should block my account but they did block it.. the last time I myself made a large bet and thought they should have flagged the account right away

Just because they did previously block your account, doesn't mean they are obliged to do it again. you seem to miss the point I'm trying to make: they are under no legal obligation whatsoever to help you.
i can already tell you the outcome of your IBAS-case, if there are no further facts, you'll lose without a doubt. IBAS rulings are always based on the question if the book has violated its terms and conditions. Betfair in this case hasn't. Your only hope is Betfair's good will.

[aston]

well Noyb all I can do is try which I am and with Betyfair hopefully I do have some goodwill built up with paying Premium comm and being a great customer for them over the last 5 years (they say I was in the top 0.5% off the best punters because of the extra Premium comm% they charged me )

[wtf]

aston, you said before you did not know the wagers. but now you say it was on 3 seperate races on 50-1 shots.

1) do you know this for sure?
2) seems odd you now say this, unless you got into the account or BF advised you of the wagers
3) if accurate it is possible the same counter party matched all or part of the wagers, lending credence to your claim

[aston]

WTf I am just making a point with JETSfan who says I was trying to double up my punts big time and blame betfair for my losses and crywolf which I do not punt in that style and did not do what jetsfan thinks I did also tbh I do not know which party matched my wagers

[aston]

thank you Josh I look forward to your email mate

[jjgold]

You had no business keeping all that money in account in the 1st place.

I hope though things work out for you somehow

Euro books will fuk you for big money, might be one of employees that work there, half are drunks and drugies anyway at betfair

[dochock77]

You had no business keeping all that money in account in the 1st place.

I hope though things work out for you somehow

Euro books will fuk you for big money, might be one of employees that work there, half are drunks and drugies anyway at betfair

excellent and very telling post for anyone in the 'business'...especially noted by someone like me, who is just starting.

very unfortunate what happened though.

good luck.

[englishmike]

You had no business keeping all that money in account in the 1st place.

I hope though things work out for you somehow

Euro books will fuk you for big money, might be one of employees that work there, half are drunks and drugies anyway at betfair

lol I agree, if only Betfair could gain the same world wide reputation as Blackdog.

[englishmike]

The thing I totally don't understand is, how was the 'hacker' ever going to profit? If the bets lose, Betfair takes a small commision and pays the winner. If the bets win, your account is swollen larger than Hugh Hefners penis, so I really don't understand what the hacker had to gain. If he was that skillful at hacking his time would be better employed withdrawing your money back to your bank and hacking the password for that. Something here doesn't make sense. TRhe only other thing I can think of is someone could put your money on horses to increase the price of the other horses in the race but it's just too far fetched.

[THEGREAT30]

I don't get something. Why is Betfair responsible for your loss? Assume you were hacked and robbed. How is this Betfair's fault?

why are they not?

[shipitkthx]

You had no business keeping all that money in account in the 1st place.

I hope though things work out for you somehow

Euro books will fuk you for big money, might be one of employees that work there, half are drunks and drugies anyway at betfair

Good job spewing utter trash. You are either retarded or intentionally lying. Betfair is one of the safest places to keep a large balance and 160k is hardly a "large balance" as far as Betfair is concerned.

[aston]

English mike the only thing I can think of as well is that a employee of betfair was up to no good??? or a hacker tryed to punt on my account and try to drain my account to a foreign country with less than strict banking laws??

[aston]

shipitthx I mostly do agree with you my account was great for 5 years! than bang my 161,000 balance is gone and if they are charging me the preminum comm% I would think that my balance is large to betfair and my punting history would prove I am a good constant winning punter (at some level betfair does prove this by charging me preminum comm which only top *0.5%* of all punters have to pay with betfair)

[HeeeHAWWWW]

The thing I totally don't understand is, how was the 'hacker' ever going to profit?

Only way for a hacker to make money would be to transfer it to poker, and dump it to another account (or maybe a bundle of other accounts, to avoid suspicion).

In fact, if someone went to all the trouble and gained access to an account with $160k, I have to wonder why this wasn't done. Just head to a table with high limits, you can lose that in a few hours with "normal" looking play.

[aston]

I am still waiting for a update from betfair wish me luck gents

[aston]

Interesting Article About Betfair

http://www.guardian.co.uk/sport/2007/dec/08/horseracing.sport5

"Betfair provided more than 300 pages of data in evidence, showing the betting activities of Rodgers' accounts on these 27 races. O'Reilly, the first witness called, claimed in court that this data showed how Rodgers would take bets on certain horses at much bigger odds than were being offered by anyone else. Under cross-examination, however, O'Reilly was led to the realisation that the Betfair data for eight of the 27 races included details of bets made after the race had started, at which point larger odds could be justified by mid-race developments. Observers were shocked that Betfair could have made such a blunder in handling its own data."

[englishmike]

http://www.guardian.co.uk/sport/2007...eracing.sport5

"Betfair provided more than 300 pages of data in evidence, showing the betting activities of Rodgers' accounts on these 27 races. O'Reilly, the first witness called, claimed in court that this data showed how Rodgers would take bets on certain horses at much bigger odds than were being offered by anyone else. Under cross-examination, however, O'Reilly was led to the realisation that the Betfair data for eight of the 27 races included details of bets made after the race had started, at which point larger odds could be justified by mid-race developments. Observers were shocked that Betfair could have made such a blunder in handling its own data."

Innacurately using short snippets of evidence from the Miles Rodgers trial isn't really going to help, given the fact the blunder you're refering to was about the way they presented it to a court of law rather than the evidence itself. They never made a distinction between 'in-running' bets and 'before-the-off' bets, there was never any question the evidence and data they supplied was inaccurate, it was the WAY the data was presented in a confusing manner that was the issue. As I've already said, it's irrelevent where you live, if you say your money has been stolen it's a case for the police in London.

[aston]

English mike I just posted for people to see that Betfair does make mistakes

[englishmike]

I agree, every person in every walk of life on this planet has made a mistake(s) at some point in their life. Whilst it's only my opinion and it's possible I'm wrong, I don't beleive you lost $156K because Betfair made a 'mistake.'

[rm18]

I believe him, you really think he bet 50k on +5000 horses like it is saying?

[aston]

Engishmike mate why would I go through all the hassle heartache and time with BETFAIR SEVERAL TIMES, DRF, SPORTINGLIFE, RACINGPOST, AND FILING A COMPLAINT WITH SBR AND IBAS if I did not think Betfair made a mistake... I have to have some kind of hope here mate because it was my full time job for the last 5 years ...also me making false statements can get me in alot of trouble .

[aston]

also the figure is 161k englishmike not 156k

[Data]

you really think he bet 50k on +5000 horses like it is saying?

Yes and no.

Yes, alcohol and drugs can do wonders.
No, there would have to be $2.5 mln matched on the other side.

[englishmike]

Engishmike mate why would I go through all the hassle heartache and time with BETFAIR SEVERAL TIMES, DRF, SPORTINGLIFE, RACINGPOST, AND FILING A COMPLAINT WITH SBR AND IBAS if I did not think Betfair made a mistake... I have to have some kind of hope here mate because it was my full time job for the last 5 years ...also me making false statements can get me in alot of trouble .

I haven't once said I don't beleive you. I'm merely pointing out that you have yet to explain the evidence Betfair gave you when they took a look. You said you think you were hacked and then it turns out whoever did this had every personal piece of information that belongs to you. Your account was accessed from your I.P. on your computer. The password was correct when whoever made the bets logged in. When the money was taken from your credit card, that same person knew the 3 digit security code on the back.
You've been robbed or hacked. If you've been robbed, how is it betfairs fault? If you've been hacked, that would be extremely worrying. Whilst I've got an open mind, how can anyone differentiate between you making bets you later regretted and someone hacking your computer and doing it? The problem you have is they are one and the same. The procedure for placing a legit bet by a legit acount holder is the same procedure used by the perpertrator in your case, which will inevitably not help your case.

[englishmike]

Yes and no.

Yes, alcohol and drugs can do wonders.
No, there would have to be $2.5 mln matched on the other side.

Exactly.

[JoshW]

From what I understand I believe the example is the account was playing 1-50 to 1-30 favorites. -5000 for example. So as Data points out, is not 2.5 Million on the other side. Would only need to be 1k. But would also mean a lot of heavy favorites lost in a row to make the balance get wiped out.

The Bet Fair analysis of bets will be interesting. The player can't really track the betting pattern in detail without access to the account.

[wtf]

aston, you never answered this.

do you have any enemies? or someone that has access to you pc and just pissed your money away to anger you.

[englishmike]

Ok, that explains the rapid losses because there are 1-50 and 1-99 chances every time a horse race is run in the UK because the 'in-play' betting ends at the finish line. You're right, the analysis will go a long way to giving a fairer picture. My question remains, if the 'hacker' had won with his bets, how was he going to withdraw the money? If it was the money he was after why would he bet it, he had access to the account and the money was sitting there, why would a crook feel the need to bet away money he intends to steal? No self respecting hacker or criminal would get into someones account, see a balance of 160K and think: 'Right, I'm having a bet.'

[Data]

From what I understand I believe the example is the account was playing 1-50 to 1-30 favorites. -5000 for example.

My understanding is opposite, the loosing bets were backing horses and there are no such heavy favorites, unless in live betting, as englishmike points out.

[rm18]

he was taking longshots, as said no such thing as a -5000 horse

[tacomax]

My question remains, if the 'hacker' had won with his bets, how was he going to withdraw the money?.'

Hacker gains control of aston's account. Hacker offers 50,000-1 on a dead cert from aston's account. Hacker's real account places a $1 bet at 50,000-1. Bet wins. Money in hacker's account. Hacker withdraws.