Betfair $3.1 million slow-pay and other pro player issues (Video)

[jjgold]

Betfair according to this thread paid the 3 million

How could it be there fault??

[vitalyo]

I think Betfair is still regulated in Malta.

@anty: what is situation Russia right now are you allowed to gamble online or you can only use governments bookmaker ?

Not just online sportsbooks ,shops on every corner and it's perfectly legal . Casinos just got banned (couple years ago). Russia doesn't have government bookmakers it's all privet , most of the russians bet with marathonbet.com they have shops all over the country the sister site
panbet http://www.panbet.com/en/ . Marathonbet has been around since 1997 and has ZERO no pay complains .Largest bookmaker in Eastern Europe .
When i was in Russia i took them for over 30k in 2 months never had a problem i just present the ticket and collect the cash not even an ID request . Ticket = Money . My largest win was almost 10K and i showed up 2 days later .The clerk just ask me where i been they had the cash wrapped tap and ready with exact amount . ( she was surprised that with the win like that i didn't even bother to show the next day )
The only problem with a russian shops you have to cash your ticket at the same location (they hold a hard copy of your ticket )other then that i had never encountered any issues .

GL.

[Hareeba!]

Hareeba the expert
Every time you post something on the books or exchanges you claim to be an expert ..

Where precisely did I claim to be an "expert"
Much of what I've posted is asking questions, not delivering a sermon.

You are either fraud or your knowledge is very limited .
Firstly betfair offer fixed matches almost on daily bases
Example Italian soccer leagues, when you see the odds on the draw @ 1.20 (-500)
Or Ascoli to beat ACMilan at -425 . Sportsbooks don't even offer this games .
You wanna tell me betfair is not aware of this games? The question is why do they offer this games ? I think you got the clue .Sportsbooks on the other hand are exposed for a massive loss . However betfair is just fine with 5% off winning wagers .So please stop your theorys on betfair is trying to do something right or been a honest company .

Before posting such garbage about me, I suggest you READ what I've posted, especially where I myself stated that Betfair knows very well when games are fixed.

Well i could be wrong but to me it looks like a slow pay case where betfair wants to keep his money .
Huge amount of $$$ for anyone . Betfair better have some reasonable explanation or it's pure slow pay case . You don't wanna get 3k check when book owes you 3,1 mil .
I believe betfair is the one who is causing this problem with slow pay after all they are in agreement with PSP .

I suggest you may indeed be wrong.
If you listen to the video I think you will hear that Betfair has paid the money.

Yes, I agree there should be a reasonable explanation but from what Anty has said it sound as though he had an agency contract whereby PSP was to be paid the money. You (and Justin) are going off prematurely blaming Betfair without having got the full facts of the arrangement.

Good video Justin7

I beg to disagree.

[Hareeba!]

Why a lot of comments about betfair was deleted?

I too would like to know this.

In my last post in response to Vitalyo I referred to a post I made regarding Betfair having knowledge of fixed games and the infamous Davydenko episode.

Now I can't find that post. Why was it removed ?

[vitalyo]

Betfair according to this thread paid the 3 million

How could it be there fault??

If you open an account with the Bank/of/America , deposit $500.000 and in 2 years your account grew to $540.000(interest) and you decide to take out the money . Bank/of/America tells you to go and see "Moms and Pops" store around the corner case we handle transactions trough them not to mention we advise you to use their service .

Now boldy tell me how come "Moms and Pops" store pays betfair on time (transfers the money ) but failefd to do the opposite ? Betfair played with his money and it was all good till he requested cash out . Shits 600.000 k juice money . Some of the books (shit books) don't even make this much in 1 year .

Anyone who thinks that betfair is not involved need to get their head x raid to see if the gray material is still their .
Betfair Estimated Value: $5 billion . LOL poor betfair got caught up with some shady processor to handle their transactions where the gambling is perfectly legal




GL.

[vitalyo]

Where precisely did I claim to be an "expert"
Much of what I've posted is asking questions, not delivering a sermon.



Before posting such garbage about me, I suggest you READ what I've posted, especially where I myself stated that Betfair knows very well when games are fixed.



I suggest you may indeed be wrong.
If you listen to the video I think you will hear that Betfair has paid the money.

Yes, I agree there should be a reasonable explanation but from what Anty has said it sound as though he had an agency contract whereby PSP was to be paid the money. You (and Justin) are going off prematurely blaming Betfair without having got the full facts of the arrangement.



I beg to disagree.

Well you are good with the a quotes i think you lost it with your anger .
Take a break drink some water and read again


GL.

[Jaug]

Betfair is a weird company. They start out with tremendous success getting a huge player base with 5% commission. Now what has happened in the last 10(?) years is constantly making the terms for the players worse, and they have yet to decrease commission from 5%. Just a big mess, I would never buy shares on the london stock exchange. If anything I would go short especially after this video.

[Hareeba!]

Well you are good with the a quotes i think you lost it with your anger .
Take a break drink some water and read again


GL.

Yes, encountering stupidity does tend to make me angry

And so do posts which take a personal shot but don't address the subject under discussion.

[vitalyo]

Who's responsible for imposing a $20k limit on transactions ?

Doesn't make sense to me. How does UK business manage to trade with Russia?

I wouldn't be too surprised if Betfair isn't falling over itself to see this guy paid speedily as they probably know he's made the money playing fixed games.

Ahh Hareeba i feel for you . You have got exposed for been a DONKEY . All of your assomtions of fixed games has been destroyed here # #124
Even suggesting that BF is trying to do something right proves that you are Donkey . Dude don't blame it on me for you been a fraud !
GL.

[Hareeba!]

Ahh Hareeba i feel for you . You have got exposed for been a DONKEY . All of your assomtions of fixed games has been destroyed here # #124
Even suggesting that BF is trying to do something right proves that you are Donkey . Dude don't blame it on me for you been a fraud !
GL.

Okay I may not have been correct about Aldy making his money playing fixed games. But that really isn't relevant to the prime issue here.

Can you answer these questions:

Has Betfair paid the money out?
Did they pay it in accord with the instructions on or a contract pertaining to the relevant account?

Unless the answer to those questions is No then the title of this thread is a disgrace as is your falling for it and denouncing Betfair for a slow-pay.

[jjgold]

Betfair is cleared here

It is a must out for any euro player

[Toit]

Betfair is cleared here

It is a must out for any euro player

It still is for me, but the question remains where the rest of the money is.
With betfair or in the pockets of the processor?

[vitalyo]

Okay I may not have been correct about Aldy making his money playing fixed games. But that really isn't relevant to the prime issue here.

Can you answer these questions:

Has Betfair paid the money out?
Did they pay it in accord with the instructions on or a contract pertaining to the relevant account?

Unless the answer to those questions is No then the title of this thread is a disgrace as is your falling for it and denouncing Betfair for a slow-pay.

Has Betfair paid the money out? Obviously they didn't .All we know betfair got hold of his funds trough the company they advice him to deposit $$$.

Did they pay it in accord with the instructions on or a contract pertaining to the relevant account? We don't know . All we know when the player made his initial deposit it was smooth . No issues on funding his account.
The problem is he can't get his winnings . I know it is hard for them to except that some of us wants to get paid and to figure it out on why we wanna get paid is not that easy , it requires time and thinking. Not an easy task ! Betfair advice the player to deal with "X processor" , betfair got paid from "x processor" player didn't . And now it's the players problem ??? Did the player came to betfair and offer them to use "x processor" ? No betfair did .

Too many fuk ups with the betfair and this one is serious 3,1 mill at stake .
And betfair tells the guy to go see this people . IF YOU THINK BETFAIR IS IN THE RIGHT HERE . GOOD LUCK TO YOU .





So what's the problem

Hareeba I am sure you will come up with something


For the other posters that have no clue about moneybookers . MB have limits too ,they are based on 90 days limit .That would explain on why someone would use PSP on betfair advice .
My assessment ,and i hope i am wrong his deposit was in between $200.000 to $500.000 .

GL.

[wtf]

this thread would not exist if they were an advertiser

I consider this thread as a mild form of extortion as this is a continual theme from the op

[Hareeba!]

Has Betfair paid the money out? Obviously they didn't .All we know betfair got hold of his funds trough the company they advice him to deposit $$$.

Well obviously you haven't listened to Justin's video have you?
He clearly states that Betfair paid the money to PSP

Did they pay it in accord with the instructions on or a contract pertaining to the relevant account? We don't know . All we know when the player made his initial deposit it was smooth . No issues on funding his account.
The problem is he can't get his winnings . I know it is hard for them to except that some of us wants to get paid and to figure it out on why we wanna get paid is not that easy , it requires time and thinking. Not an easy task ! Betfair advice the player to deal with "X processor" , betfair got paid from "x processor" player didn't . And now it's the players problem ??? Did the player came to betfair and offer them to use "x processor" ? No betfair did .

Have you really been following what I've been saying at all?
Have you read what Anty has said?
This isn't a normal arrangement between a player and Betfair.
It appears to have been an agency agreement for whatever reason - yet to be explained by Anty or Justin.
If that's the case, then Betfair has most probably paid out in accord with the arrangement and Anty's instructions.
What we also don't know is the nature of any association between Betfair and PSP. Unless PSP is an agent of Betfair's or they have any control over that entity you can't hold Betfair at fault.
What is so difficult to comprehend about that?
Anty has also stated that his solicitors have advised that the case would be hard to pursue. That to me sounds like they don't think Betfair is at fault either.

Too many fuk ups with the betfair and this one is serious 3,1 mill at stake .
And betfair tells the guy to go see this people . IF YOU THINK BETFAIR IS IN THE RIGHT HERE . GOOD LUCK TO YOU .

I can't say for sure that Betfair is in the right any more than you can say they are in the wrong. Neither of us have the full facts which would need to be looked at to determine that issue.

However my feeling is that Betfair more than likely has done things correctly here and that for Justin, you and some other posters here to condemn them in the absence of all the facts is out of order.

[constrictor]

So is betfair a book or an exchange?

[Hareeba!]

So is betfair a book or an exchange?

an exchange

[chance]

this thread would not exist if they were an advertiser

I consider this thread as a mild form of extortion as this is a continual theme from the op

This is exactly what I am thinking!!

Will these posts be removed?

[anty]

It still is for me, but the question remains where the rest of the money is.
With betfair or in the pockets of the processor?

In the pockets of processor and probably some betfair managers. I can't believe such gross incompetence, for ex mr Ulanov, he is one of the brightest guys in their generally extremely poor customer service.
But for betfair as a company this is just as bad as it is for me.
Btw, made a thread here also as Vitalyo advised.

http://forum.punterslounge.com/f22/betfair-no-pay-119603/

[Hareeba!]

In the pockets of processor and probably some betfair managers. I can't believe such gross incompetence, for ex mr Ulanov, he is one of the brightest guys in their generally extremely poor customer service.
But for betfair as a company this is just as bad as it is for me.
Btw, made a thread here also as Vitalyo advised.
http://forum.punterslounge.com/f22/b...no-pay-119603/

Anty, to help us understand this most unusual arrangement you had with a "Master Account", would you please explain it to us.

Why could you not have opened an ordinary account like the rest of us?
Who is the nominated owner of the "Master Account"?
How did you get involved with such an arrangement ?
What is your arrangement with the nominated owner?
When making a withdrawal from your account, where was it nominated to go to?
Did you nominate that account or did Betfair or a third party nominate it?
Have you made prior successful withdrawals to that account ?
Did you sign any contract regarding all this ?
Is Betfair a party to that contract ?
Specifically what have Betfair failed to do that you believe they should have done ?
Who puts the limit on how much PSP is allowed to transfer to you ?
What did your lawyers say was the problem in taking action on this matter ?

[anty]

Anty, to help us understand this most unusual arrangement you had with a "Master Account", would you please explain it to us.

Why could you not have opened an ordinary account like the rest of us?
Who is the nominated owner of the "Master Account"?
How did you get involved with such an arrangement ?
What is your arrangement with the nominated owner?
When making a withdrawal from your account, where was it nominated to go to?
Did you nominate that account or did Betfair or a third party nominate it?
Have you made prior successful withdrawals to that account ?
Did you sign any contract regarding all this ?
Is Betfair a party to that contract ?
Specifically what have Betfair failed to do that you believe they should have done ?
Who puts the limit on how much PSP is allowed to transfer to you ?
What did your lawyers say was the problem in taking action on this matter ?

I answered almost all those questions already, check the thread please. Betfair failed to ensure PSP transfer money to my account as it is written in MSA contract between betfair and PSP. And in general failed dismally to protect their customer from mobsters. I had only preliminary discussions with lawyers, next week will know more.

[lukahh]

interesting stufff...
many people must be waiting to get a share of those 3 million...

[Hareeba!]

I answered almost all those questions already, check the thread please. Betfair failed to ensure PSP transfer money to my account as it is written in MSA contract between betfair and PSP. And in general failed dismally to protect their customer from mobsters. I had only preliminary discussions with lawyers, next week will know more.

I've read every word you've posted .. but then some posts have been mysteriously removed without explanation from SBR.

You have certainly never explained the reason for being involved in a "Master Account" arrangement or how that works.
How can Betfair be expected to ensure the transfer of money which is out if its hands ?
Why are you dodging the direct questions ?

[anty]

I've read every word you've posted .. but then some posts have been mysteriously removed without explanation from SBR.

You have certainly never explained the reason for being involved in a "Master Account" arrangement or how that works.
How can Betfair be expected to ensure the transfer of money which is out if its hands ?
Why are you dodging the direct questions ?

I explained the reasons for being involved in a "Master Account" in my first or second posts, its on the second page of the thread. It was easier at the time to deposit and withdraw money through PSP.
Why can't you be a little more attentive?

[thespeculator]

Not just online sportsbooks ,shops on every corner and it's perfectly legal . Casinos just got banned (couple years ago). Russia doesn't have government bookmakers it's all privet , most of the russians bet with marathonbet.com they have shops all over the country the sister site
panbet http://www.panbet.com/en/ . Marathonbet has been around since 1997 and has ZERO no pay complains .Largest bookmaker in Eastern Europe .
When i was in Russia i took them for over 30k in 2 months never had a problem i just present the ticket and collect the cash not even an ID request . Ticket = Money . My largest win was almost 10K and i showed up 2 days later .The clerk just ask me where i been they had the cash wrapped tap and ready with exact amount . ( she was surprised that with the win like that i didn't even bother to show the next day )
The only problem with a russian shops you have to cash your ticket at the same location (they hold a hard copy of your ticket )other then that i had never encountered any issues .

GL.

wow , so it is totally legal in Russia, they have more sense than the U.S. , sports betting is a game of skill not just chance, plus you have a flat tax in Russia

[wrongturn]

Is this "master account" like an account controlled by agent? Is it like Betfair paid agent, but agent fails to pay you?

[anty]

Is this "master account" like an account controlled by agent?

Yes. I had an individual account, I was betting at betfair like every other customer. But my account was a part of a master account, I deposited and withdrew money through PSP swindlers.

[Santo]

"Betfair failed to ensure PSP transfer money to my account as it is written in MSA contract between betfair and PSP"

Do you have a copy of that contract? It says specifically that Betfair are responsible for the transfer of funds from PSP to you? I doubt any lawyers would sign off on such..

[anty]

"Betfair failed to ensure PSP transfer money to my account as it is written in MSA contract between betfair and PSP"

Do you have a copy of that contract? It says specifically that Betfair are responsible for the transfer of funds from PSP to you? I doubt any lawyers would sign off on such..

No, of course I don't have a copy of such contract. But even PSP swindlers admit that they are obliged to pay, just only the timeframe "is not stipulated" according to them.

[anty]

And, putting aside legal issues, one thing is absolutely clear. They stole my money with the help of betfair management.

[yokspot]

Betfair according to this thread paid the 3 million

How could it be there fault??

Because the player didn't get it.

Could they argue "we sent it to Auntie Hilda; take it up with her"?

Normally "sent from casino / book" is the same as "paid". Now, it isn't. This is new territory. Did Betfair send it? Do we know? If they did, then it's up to them to get onto the PSP, say "er, remember that $3,000,000 we sent you for you to send the Russian bloke? Since you didn't send it, please return it to us and we'll find a better solution."

How hard is that? "Take it up with the PSP" is a BS copout, and looks more than a bit suspicious.

Betfair gets a top recommendation from me for offering better casino and exchange odds than anywhere else on the 'net. But they appear to be slowly falling apart at all other levels. They need to be held to account for this.

[constrictor]

an exchange

Are books and exchanges governed the same way? Thanks

[Toit]

Unless there's info I'm not aware of, I can't see Betfair being at fault here.
If I ask for a withdrawal through moneybookers and moneybookers refuse to pay me (while Betfair gives me proof they've paid) I'd say the processor is to blame.

[anty]

Unless there's info I'm not aware of, I can't see Betfair being at fault here.
If I ask for a withdrawal through moneybookers and moneybookers refuse to pay me (while Betfair gives me proof they've paid) I'd say the processor is to blame.

The processor (PSP) is certainly to blame. But betfair advised me to use PSP and trust them. Betfair promised full payment in 6 months time together with PSP. And they are blameless?

[Toit]

The processor (PSP) is certainly to blame. But betfair advised me to use PSP and trust them. Betfair promised full payment in 6 months time together with PSP. And they are blameless?

Obviously I feel for you and I hope you will get what is owed to you, but if Betfair can proof that they've paid the processor I find it a difficult case.
Should they pay again?

With this much money at stake they should at least try and recover the money from the processor as far as I'm concerned, but legally it seems that they've done what they had to do.

Unless the processor is owned by Betfair.

Again, Betfair 'advices' me to withdraw trough moneybookers.
If moneybookers go up on tuesday I can't blame Betfair...