Using the fairlay.com site to place bets. I ran into a glitch on two separate occasions that costed me around 0.1 BTC in losses. Here's how it occured:
- Type in name of team in search box to find upcoming event to bet on.
- Locate the match, select for or against and try to place 30 mbtc bet. Hit PLACE to make bet.
- Bet doesnt go through and returns prompt message saying "unable to place bet at this time."
- Check both balance and matched orders page and no evidence bet was placed.
- Go back to match and try to place bet again, same result as above.
- Go back to match and try to place smaller bet and NOW this smaller bet goes through successfully. Both balance and matched orders page reflect this.
- Match ends up losing.
- A DAY LATER my balance isnt what it should be. Check settled orders page and those two 30mbtc failed bet attempts show as LOSS along with the last bet that was actually placed successfully.
Fairlay acknowledged in chat that it had betting issues and claimed to warn users to proceed with caution
What they should have done was close the site down until the bug was fixed.
Fairlay claimed it could not refund me for the glitch because they werent the market maker and said they would ask the market maker to do the right thing (FOR A PROBLEM THAT WAS SOLELY CAUSED BY FAIRLAY)
This incident began xmas and its 7th Jan with no further correspondence by Fairlay.
After investigating this website I'd say they have a 1% chance of not paying me back. For others without my resources, CAVEAT EMPTOR.
- Type in name of team in search box to find upcoming event to bet on.
- Locate the match, select for or against and try to place 30 mbtc bet. Hit PLACE to make bet.
- Bet doesnt go through and returns prompt message saying "unable to place bet at this time."
- Check both balance and matched orders page and no evidence bet was placed.
- Go back to match and try to place bet again, same result as above.
- Go back to match and try to place smaller bet and NOW this smaller bet goes through successfully. Both balance and matched orders page reflect this.
- Match ends up losing.
- A DAY LATER my balance isnt what it should be. Check settled orders page and those two 30mbtc failed bet attempts show as LOSS along with the last bet that was actually placed successfully.
Fairlay acknowledged in chat that it had betting issues and claimed to warn users to proceed with caution
What they should have done was close the site down until the bug was fixed.Fairlay claimed it could not refund me for the glitch because they werent the market maker and said they would ask the market maker to do the right thing (FOR A PROBLEM THAT WAS SOLELY CAUSED BY FAIRLAY)
This incident began xmas and its 7th Jan with no further correspondence by Fairlay.
After investigating this website I'd say they have a 1% chance of not paying me back. For others without my resources, CAVEAT EMPTOR.
You are arguing using incomplete information. I received these bet error messages sometimes as well on games that ended up winning but there were no magical bets appearing the next day with wins credited to my balance. After this small sample size of behavior I had every reason to believe fairlay was market making themselves just like a traditional book and pulled these glitches sporadically on losing bets only. Then I thought who in their mind would continue to use a site that does something as underhanded as that (see bookmaker bet glitches to find out who) and then I notice there is another exchange called JG on their run by Danshan that they were encouraging me to use instead as it "works" (but it does not on chrome android...most buttons don't even work) and any sensible person has got to conclude this thing is so poorly ran they couldn't be making any money nor do they expect to.
