Betfair closed broker account?

[Limited]

Why would an exchange like BF not allow lay bets. Don't they make money on commission where players bet against each other? And additionally they also charge PC from most successful players. Just don't understand how the lay option can harm their business model.

[Optional]

orbitx is working just no lay bets...they do have place and or show markets on some tracks too so that is a big plus...hopefully one of the exchanges comes back with lays

Remember when OrbitX (or was it 9wickets?) were concerned about your lay betting style and suspended the account?

I wonder if this is somehow related to the same thing...

[Mild Mannered]

Maybe it has to do with people trying to get around the 6 Euro minimum bet? For example if you want to play a longshot for a couple of euros, you can't, but if you backed with 8 euros and then lay with 6 Euro, you could effectively make a 2 euro backing bet. Maybe trying to stop this?

[vaal]

Betfair wishes to inform you that the International Master Sub Agent Structure is being discontinued with immediate effect due to a change in company policy. We are working through the returning of funds and any open positions held within the accounts. We will be in touch with you next week to confirm the process. Apologies for any inconvenience caused by this change

It's been 10 days since this post, have you had your funds returned?

My broker account was closed 2 weeks ago with similar reason given, and still no funds. Holidays or not you'd think it wouldn't take this long for Betfair to get this sorted?

[Dis28]

It's been 10 days since this post, have you had your funds returned?

My broker account was closed 2 weeks ago with similar reason given, and still no funds. Holidays or not you'd think it wouldn't take this long for Betfair to get this sorted?

Also i still got no funds returned, whats happening?

[Andrea88]

Also i still got no funds returned, whats happening?

Hello , Betpiper keeps saying that they are upgrading the site and it can take up to two weeks, so it's a "migration".
I hardly believe this, but what can we do, we can just only wait. If two weeks pass i will e-mail them every day to have my money back.
I did not even started trading yet...

[trader605]

My account with bet ibc was closed in august. Money not returned. I wonder if this is connected to this situation regarding ending of master accounts. Maybe it is because of that article about 9wickets.

[Andrea88]

Any news? anyone? Did anybody receive a email for clarification?

[vaal]

No news, but seeing a growing number of similar reports on various forums & social media from ppl with Betfair accounts through both Bet-IBC & BetinAsia still not paid after Betfair's mass-closure of agent accounts 3 weeks ago.

The story is basically identical from both agents: Betfair originally said they would close open positions and return funds shortly, but have not heard anything since then.

At the risk of sounding naive I tend to lean towards believing the agents in this case. So much shadiness from Betfair with agent accounts in the past few years. Hopefully this gets resolved quickly.

[PunterLog]

No news, but seeing a growing number of similar reports on various forums & social media from ppl with Betfair accounts through both Bet-IBC & BetinAsia still not paid after Betfair's mass-closure of agent accounts 3 weeks ago.

The story is basically identical from both agents: Betfair originally said they would close open positions and return funds shortly, but have not heard anything since then.

At the risk of sounding naive I tend to lean towards believing the agents in this case. So much shadiness from Betfair with agent accounts in the past few years. Hopefully this gets resolved quickly.

You sound smart and not naive. Only an amateur would trust Betfair to act straight forward.

The current mess with broker accounts is 100% betfair's fault and the agents are as helpless as the players using the broker accounts IMO.
I hope Betfair settles the issue soon and doesn't prolong it.

[Ruifgalmeida]

No news, but seeing a growing number of similar reports on various forums & social media from ppl with Betfair accounts through both Bet-IBC & BetinAsia still not paid after Betfair's mass-closure of agent accounts 3 weeks ago.

The story is basically identical from both agents: Betfair originally said they would close open positions and return funds shortly, but have not heard anything since then.

At the risk of sounding naive I tend to lean towards believing the agents in this case. So much shadiness from Betfair with agent accounts in the past few years. Hopefully this gets resolved quickly.

Betinasia did closed my betmantra account , but I was paid, it was just a few hundred euros.
Could you guys tell me if any Betfair white label is working correctly?

[tingasdt]

I was paid the same and asked if they had another wl seeing that they are about to launch their particular powered by Betfair ... RED

[Dis28]

I was not payed yet, anyone else?? 3 weeks passed already and no news? Not good sign

[Ruifgalmeida]

I was not payed yet, anyone else?? 3 weeks passed already and no news? Not good sign

what was the broker? and what account?
I will not play in brokers exchange in the next few months, strange things are hapenning

[tingasdt]

I don't know if others like mountbet's family that winfair24 or Fairexchange or Backlay.com , etc. work correctly

[vaal]

I was not payed yet, anyone else?? 3 weeks passed already and no news? Not good sign

Same here.

This situation seems destined to go down the same path as the Sarkami/Bet-IBC thread, except on a much larger scale with a significant number of players with large balances simultaneously confiscated.

I'd like to know what SBR staff would recommend as a course of action? Agents are telling us nothing, and the Sarkami case only seemed to get resolved once he went above the agents' heads and contacted Betfair himself.

[Andrea88]

I don't know if others like mountbet's family that winfair24 or Fairexchange or Backlay.com , etc. work correctly

Betpiper is one of these and it keeps with the message "Something special is coming sooon!!"...

i don't understand, why Orbit is not involved in this? And why remove lay option? (?)
Maybe it s something like huge fund passing/money laundering

[Optional]

Same here.

This situation seems destined to go down the same path as the Sarkami/Bet-IBC thread, except on a much larger scale with a significant number of players with large balances simultaneously confiscated.

I'd like to know what SBR staff would recommend as a course of action? Agents are telling us nothing, and the Sarkami case only seemed to get resolved once he went above the agents' heads and contacted Betfair himself.

I have not been given, or been tipped off, with any inside information about what is going on.

I don't think most of the brokers/agents know for sure themselves.

[Andrea88]

I have not been given, or been tipped off, with any inside information about what is going on.

I don't think most of the brokers/agents know for sure themselves.

So are they just buying time faking a infrastructure change

[trader605]

I' m also in this position but since 2.08. Maybe we should cooperate somehow if there' s many people with balance confiscated. Bet ibc still waiting for Betfair response.

[Ruifgalmeida]

I don't know if others like mountbet's family that winfair24 or Fairexchange or Backlay.com , etc. work correctly

I think betpiper, betmantra are all in the mountbet family, they are not working, all with the same message, that something special is coming soon.

[Andrea88]

I' m also in this position but since 2.08. Maybe we should cooperate somehow if there' s many people with balance confiscated. Bet ibc still waiting for Betfair response.

There is a lot of people involved, the max we can do is ruin all these broker reputation so nobody does business with them.
I don't care if it s a betfair problem or broker problem, i did not receive any explanation, anything, just vague promises, this is the worst, and there is the money too of course

[Andrea88]

And if you luckily have their response, it s so obvious that they have no idea if or when the service will come back again and our money returned.

[vaal]

There is a lot of people involved, the max we can do is ruin all these broker reputation so nobody does business with them.
I don't care if it s a betfair problem or broker problem, i did not receive any explanation, anything, just vague promises, this is the worst, and there is the money too of course

The brokers should absolutely be much more forthcoming, at the very least reassure us that they're on the case and doing all they can to restore our funds. Aloofness does them absolutely no favours and does not instill confidence. But I'm quite sure they're not to blame for where we are right now. Not to mention they provide(d) a valuable service for many years in a difficult situation, I don't see the point in throwing them under the bus.

To me this reeks of classic Betfair behaviour we've seen many times: arbitrarily confiscate, while cutting off all communication until they finally bother to investigate, then eventually give the all-clear and return funds with not so much as an apology for causing stress and lost time, sometimes with no detailed explanation of what the "problem" was in the first place. They can be infuriating to deal with.

[Optional]

So are they just buying time faking a infrastructure change

ruin all these broker reputation so nobody does business with them.

I think you can be pretty sure this is not caused by a conspiracy of a bunch of brokers all lying to us.

And whether it makes you feel better or not, you're idea of trying to trash them and destroy their businesses (even if you did have enough credibility to do that), 1) won't help you get paid...and 2) will make you the mortal enemy of everyone else who has significant amounts of money stuck and cares more about getting that back than your revenge.

[trader605]

We should blame Betfair

[PunterLog]

The brokers are just as helpless as the average punter in this issue.

The only ones to be blamed here are "BetFair".

[Dis28]

But why would betfair even close the accounts in first place? Arent all those accounts a boost in overall liquidity??

[pythonic]

But why would betfair even close the accounts in first place? Arent all those accounts a boost in overall liquidity??

I guess regulatory/KYC reasons.

[undrius1]

On 2019 12 12 Betfair.com also closed my account and can`t withdraw my funds 13 444 EUR, account was more than 10 years old, was doing mostly sports arbitrage betting , all my activity in Betfair was legal and clear as possible, more about my situacion you can find in this forum: https://www.sportsbookreview.com/for...3-444-eur.html

[fire777]

After a month betmantra does not accept bets. Patience over. Requested withdrawal of the balance at BetInAsia and paid in minutes

[tingasdt]

The same as me, in this sense very well for the management of the broker.
Now, there is no news on any site about this or betpiper, winfair24, backlay, or all the sisters of the main matrix WL of Mountbe
does anyone know any other alternative other than Orbit.. Betkeen... or Fairexchange, 9 wickets/skyexchange?

After a month betmantra does not accept bets. Patience over. Requested withdrawal of the balance at BetInAsia and paid in minutes

[jjgold]

Brokers are getting closer to becoming a thing of the past

Books scared now because they know brokers illegal and risk losing their licenses if caught

[tingasdt]

It may be,

for this? https://www.gamblingcommission.gov.u...-websites.aspx


I suppose it will be according to laws ... but we speak that a white label is a product or service that is managed independently (risk) of the original It comes in the B2B programs

https://www.flutter.com/b2b/exchange-white-label

https://www.pinnacle.com/en/corporate/press/press-release/pinnacle-launches-pinnacle-solution

So, why others like Orbit or Betkeen also working?

Brokers are getting closer to becoming a thing of the past

Books scared now because they know brokers illegal and risk losing their licenses if caught

[tingasdt]

no news anwhere about mountbet?