Originally Posted by
MatchbookMike
As I stated above Matchbook has a long standing policy of cancelling bets which are matched at >20% off current market trading price. We feel this protects our customers as well as our contracted third party market makers, who incist on this policy.
The comments about betfair are largely unfounded as Betfair recently cancelled £1.6M in bets after an event had been completed!!
In this case, the wager in question was cancelled many hours before the start time of the event due to an obvious pricing error posted by another user on the exchange. The price the bet was matched was well over the 20% threshold and was immediatley cancelled in line with our terms and conditions.
Fortunatley, these incidents are very rare and when they do happen we contact all effected parties as soon as possible.
Warm Regards,
- Mike