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

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  • meckis
    SBR Sharp
    • 06-08-09
    • 438

    #106
    We all know how he made his money and it is not from laying Real Madrid I always was interested how betfair deal with players like anty and now premium charge seams quite reasonable. It is your first such big withdrawal?
    Comment
    • JohnnyRotten
      SBR High Roller
      • 06-13-11
      • 100

      #107
      at the end of the day no one can even try to defend betfair any more, they have pushed punters too far, fair enough hardly anyone pays the premium charge but what about the site crashes over the years? its fukkin ridiculous. they suspend games more than any other book claiming to have lost feeds yet im watching it on my motorised satellite dish.

      I ditched betfair for purple and for pinny a long time ago.

      they have ended up the same as ebay, fukking up a great thing through greed.

      betfair may/may not last another 100 years who knows,

      one thing is for sure they aing getting nothing from me.
      Comment
      • Hareeba!
        BARRELED IN @ SBR!
        • 07-01-06
        • 37211

        #108
        Originally posted by JohnnyRotten
        at the end of the day no one can even try to defend betfair any more, they have pushed punters too far, fair enough hardly anyone pays the premium charge but what about the site crashes over the years? its fukkin ridiculous. they suspend games more than any other book claiming to have lost feeds yet im watching it on my motorised satellite dish.

        I ditched betfair for purple and for pinny a long time ago.

        they have ended up the same as ebay, fukking up a great thing through greed.

        betfair may/may not last another 100 years who knows,

        one thing is for sure they aing getting nothing from me.
        meaning you're getting nothing from them ... you're the one losing out mate
        Comment
        • Hareeba!
          BARRELED IN @ SBR!
          • 07-01-06
          • 37211

          #109
          Originally posted by blix177
          Man seem like all books are in slow pay mode, there really doesn't seem like any good books left. 5 years ago, good books were a dime a dozen.
          utter nonsense!

          NONE of the books I deal with (which of course includes Betfair) are in slow pay mode
          Comment
          • JohnnyRotten
            SBR High Roller
            • 06-13-11
            • 100

            #110
            im not losing, i can get the same prices on betdaq and pay 2.5% instead of higher on betfair.

            also over the last 8 months ive averaged winnings of £1100 a month after commision.

            ive not paid a dime in pc.

            are you a winning punter?

            if so why not go onto betdaq and not pay a pc?
            Comment
            • Hareeba!
              BARRELED IN @ SBR!
              • 07-01-06
              • 37211

              #111
              Originally posted by JohnnyRotten
              im not losing, i can get the same prices on betdaq and pay 2.5% instead of higher on betfair.

              also over the last 8 months ive averaged winnings of £1100 a month after commision.

              ive not paid a dime in pc.

              are you a winning punter?

              if so why not go onto betdaq and not pay a pc?
              I've looked at Betdaq many times and not found a) the odds or b) the liquidity I can get (net of commission) at Betfair ... but I don't pay 5% and I certainly don't pay the premium charge
              Comment
              • JohnnyRotten
                SBR High Roller
                • 06-13-11
                • 100

                #112
                Originally posted by Hareeba!
                I've looked at Betdaq many times and not found a) the odds or b) the liquidity I can get (net of commission) at Betfair ... but I don't pay 5% and I certainly don't pay the premium charge

                the liquidity is there for big soccer games and uk horses which i bet on.
                Comment
                • Hareeba!
                  BARRELED IN @ SBR!
                  • 07-01-06
                  • 37211

                  #113
                  Originally posted by JohnnyRotten
                  the liquidity is there for big soccer games and uk horses which i bet on.
                  well the UK horses are on a bit too late for me

                  and for soccer are you talking about live or pre-game?

                  I like to play AH and find that SBO, 188Bet and Pinnacle are best, though Betfair can be okay too
                  Comment
                  • JohnnyRotten
                    SBR High Roller
                    • 06-13-11
                    • 100

                    #114
                    Originally posted by Hareeba!
                    well the UK horses are on a bit too late for me

                    and for soccer are you talking about live or pre-game?

                    I like to play AH and find that SBO, 188Bet and Pinnacle are best, though Betfair can be okay too

                    mate im not doubting betfair is a good exchange cause its the best, but im simply saying they cant treat people the way the have been doing for the past few years.

                    the site is not secure and you would think with the money they make they could invest in this.

                    winning punters aint welcome at betfair. simple as that

                    now why cant they behave the way pinny does?

                    betdaq aint good in running but it is great pre race/match.
                    Comment
                    • Hareeba!
                      BARRELED IN @ SBR!
                      • 07-01-06
                      • 37211

                      #115
                      Originally posted by JohnnyRotten
                      mate im not doubting betfair is a good exchange cause its the best, but im simply saying they cant treat people the way the have been doing for the past few years.

                      the site is not secure and you would think with the money they make they could invest in this.

                      winning punters aint welcome at betfair. simple as that

                      now why cant they behave the way pinny does?

                      betdaq aint good in running but it is great pre race/match.
                      Don't understand your 'not secure' comment. I've not experienced as much difficulty with them as with Pinnacle. In fact I think they've overdone the development of the site with things the average punter doesn't need but effectively has to pay for.

                      Ordinary winning punters (i.e. the vast majority that don't fall into premium charge territory) would be more than welcome. It makes no difference to Betfair whether they win or lose. The more turnover they can generate the more goes to Betfair's bottom line.
                      Comment
                      • spider
                        SBR Posting Legend
                        • 05-21-11
                        • 11378

                        #116
                        Originally posted by Hareeba!
                        Don't understand your 'not secure' comment. I've not experienced as much difficulty with them as with Pinnacle. In fact I think they've overdone the development of the site with things the average punter doesn't need but effectively has to pay for.

                        Ordinary winning punters (i.e. the vast majority that don't fall into premium charge territory) would be more than welcome. It makes no difference to Betfair whether they win or lose. The more turnover they can generate the more goes to Betfair's bottom line.
                        Betfair charges commission only on the winning bets, so why would they kick out
                        winners? furthermore, the winnings don't come out of their pocket, but from the persons losing the matched bets. the only thing they care is for the markets to be matched. I'm sure a lot of people don't understand how betting exchanges work.
                        Comment
                        • JohnnyRotten
                          SBR High Roller
                          • 06-13-11
                          • 100

                          #117
                          yes betfair love the commision but they are driving the winning punters away charging 60% pc

                          the pro's wont pay that
                          Comment
                          • Scottish
                            SBR Wise Guy
                            • 12-21-10
                            • 588

                            #118
                            I think people who say Betfair don't want winner don't understand how a betting exchange works, it really makes no difference to them if you win or lose aslong as you pay commish.
                            Comment
                            • DoctorGonzo
                              SBR Rookie
                              • 02-11-11
                              • 32

                              #119
                              Liquidity across many horse racing markets has been very poor on Betfair in July, but much better than usual on Betdaq! It will be interesting to see where the pro-money goes when the soccer season starts.
                              Comment
                              • JohnnyRotten
                                SBR High Roller
                                • 06-13-11
                                • 100

                                #120
                                Originally posted by Scottish
                                I think people who say Betfair don't want winner don't understand how a betting exchange works, it really makes no difference to them if you win or lose aslong as you pay commish.

                                mate i have used betfair since it began, so i understand

                                yes they collect commision and dont care if you win or lose but they are driving big customers away by charging a 60% pc.

                                we all know they dont give a fukk.
                                Comment
                                • HeeeHAWWWW
                                  SBR Hall of Famer
                                  • 06-13-08
                                  • 5487

                                  #121
                                  Betfair don't want people winning at too high a rate, because these people withdraw their winnings. That removes liquidity from the markets, and results in less longterm commission for betfair.

                                  They want people churning money in circles, poker style, basically paying the equivalent of a rake.
                                  Comment
                                  • vitalyo
                                    SBR MVP
                                    • 12-05-07
                                    • 1615

                                    #122
                                    Originally posted by the sink
                                    He is laying the favorites not backing them...
                                    laying real madrid at home = playing X2
                                    Yes thank you .


                                    And Spider you have no clue about exchanges you can't even tell the difference between lay and back .

                                    GL
                                    Comment
                                    • spider
                                      SBR Posting Legend
                                      • 05-21-11
                                      • 11378

                                      #123
                                      Originally posted by vitalyo
                                      Yes thank you .


                                      And Spider you have no clue about exchanges you can't even tell the difference between lay and back .

                                      GL
                                      read all the posts before you make your brilliant deductions!
                                      Comment
                                      • vitalyo
                                        SBR MVP
                                        • 12-05-07
                                        • 1615

                                        #124
                                        Originally posted by Hareeba!
                                        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.
                                        Hareeba the expert
                                        Every time you post something on the books or exchanges you claim to be an expert .
                                        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 .

                                        Betfair collected off this guy at least 155k (5% win rake) that's before premium charges $600.000 , god knows how mach he paid in total . Lets assume betfair got hard evidence that his wagers came in on so called fixed games . With this much money at stake , what would they do with it?
                                        Unless it gets out of hand like this tennis match where they got their back against the wall
                                        Right, let's get it clear from the start. I ain't saying Davydenko fixed the result of his tennis match with Vassallo and deliberately lost....


                                        Davydenko's price started off ar around 1.2 on Betfair. He won the first set convincingly 6/2 - with no sign of injury - but his price had steadily drifted to 5.3! When a single break down in the second set he'd traded in the 9s!! He retired in the third with a pain in his left foot. Look at that in the cold light of day and the investigation is not entirely surprising. We can but wait for the results.

                                        Of course, the unfolding match and result caused a meltdown on the Betfair tennis forum. Lots of burnt fingers and lots of big winners. Given the betting patterns you have to say Betfair is correct to suspend settlement, pending investigation, in accordance with its 2003 Memorandum of Understanding with the ATP.
                                        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 .
                                        in the last 3 months they paid only around 50.000 USD. In the last 3 weeks I received 3.000 USD.
                                        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 .

                                        Good video Justin7

                                        anty you might wanna post your complain here :

                                        Europe's Biggest Betting Forum . Make a trend and get in touch with Paul Ross he will try to help you . Actually he will get in touch with you .
                                        There people on PNL that may help you to get on UK news .If PNL backs you up they can do / force betfair to come clean on this issue. They are Euro faced forum that have some powers over UK books that SBR doesn't have.
                                        удачи тебе . privet is ottavu

                                        GL.
                                        Last edited by vitalyo; 07-30-11, 09:30 AM.
                                        Comment
                                        • anty
                                          SBR Hustler
                                          • 02-27-06
                                          • 64

                                          #125
                                          vitalyo, thanks a lot, I ll do it.
                                          Тебе тоже всего самого самого!
                                          Last edited by anty; 07-30-11, 09:37 AM.
                                          Comment
                                          • yokspot
                                            SBR Sharp
                                            • 11-16-05
                                            • 287

                                            #126
                                            So the situation is:

                                            1) Betfair handed the 3 million over this "PSP".

                                            2. The "PSP" didn't pay.

                                            Is that right?
                                            Comment
                                            • anty
                                              SBR Hustler
                                              • 02-27-06
                                              • 64

                                              #127
                                              Originally posted by yokspot
                                              So the situation is:

                                              1) Betfair handed the 3 million over this "PSP".

                                              2. The "PSP" didn't pay.

                                              Is that right?
                                              Yes. And under the MSA contract with betfair PSP should pay me. But they don't do it. Now it is not a slow-pay, it is a no-pay.
                                              Comment
                                              • Toit
                                                SBR Sharp
                                                • 03-10-09
                                                • 451

                                                #128
                                                So Betfair paid, but the PSP doesn't?
                                                Comment
                                                • yokspot
                                                  SBR Sharp
                                                  • 11-16-05
                                                  • 287

                                                  #129
                                                  At the risk of sounding a tad xenophobic, why would you entrust potentially large amounts of money to some bunch of Russian mafiosi?
                                                  Comment
                                                  • gliblet
                                                    SBR High Roller
                                                    • 02-08-11
                                                    • 140

                                                    #130
                                                    Originally posted by DoctorGonzo
                                                    Liquidity across many horse racing markets has been very poor on Betfair in July, but much better than usual on Betdaq! It will be interesting to see where the pro-money goes when the soccer season starts.
                                                    I haven't noticed the liquidity drop that you're speaking of, yes it has been lower, but I wouldn't call it poor. Betdaq still has a lot of catching up to do. I don't see why they don't offer 1% or something like that for the start of the football (soccer) season for a month or so to really challenge Betfair. It's the perfect time for it.
                                                    Comment
                                                    • mr.inpak
                                                      SBR Sharp
                                                      • 12-13-09
                                                      • 449

                                                      #131
                                                      what doesnt make sense here is why did the player let his balance get so high
                                                      Comment
                                                      • anty
                                                        SBR Hustler
                                                        • 02-27-06
                                                        • 64

                                                        #132
                                                        Originally posted by yokspot
                                                        At the risk of sounding a tad xenophobic, why would you entrust potentially large amounts of money to some bunch of Russian mafiosi?
                                                        Cause I felt protected by the name "betfair". I thought if betfair recommended those guys then nothing could happen.
                                                        How stupid I was...
                                                        Comment
                                                        • anty
                                                          SBR Hustler
                                                          • 02-27-06
                                                          • 64

                                                          #133
                                                          Originally posted by mr.inpak
                                                          what doesnt make sense here is why did the player let his balance get so high
                                                          I explained already, I won a lot of money very quickly, had two great months.
                                                          Comment
                                                          • jjgold
                                                            SBR Aristocracy
                                                            • 07-20-05
                                                            • 388179

                                                            #134
                                                            Looks like it had nothing to do with Betfair

                                                            A 3rd party stole your money
                                                            Comment
                                                            • vitalyo
                                                              SBR MVP
                                                              • 12-05-07
                                                              • 1615

                                                              #135
                                                              Originally posted by jjgold
                                                              Looks like it had nothing to do with Betfair

                                                              A 3rd party stole your money
                                                              So in other words if SBR advises JJGold to make him transfer his points to SBR Lou in order purchase something from the store and then Lou goes on the run .
                                                              SBR tells you not our problem go find Lou .

                                                              LOL
                                                              Comment
                                                              • yokspot
                                                                SBR Sharp
                                                                • 11-16-05
                                                                • 287

                                                                #136
                                                                Originally posted by anty
                                                                Cause I felt protected by the name "betfair". I thought if betfair recommended those guys then nothing could happen.
                                                                How stupid I was...
                                                                If they're Russian-based, there must be legal recourse. That's a monster amount of money to blow away. I'm assuming there's a quasi-credible legal system in Russia.
                                                                Comment
                                                                • yokspot
                                                                  SBR Sharp
                                                                  • 11-16-05
                                                                  • 287

                                                                  #137
                                                                  You need to get Betfair to liase with them. They've demonstrated useless due diligence. You should at least file a complaint with Gibraltar. Betfair didn't steal anything, but they've been staggeringly incompetent.
                                                                  Comment
                                                                  • anty
                                                                    SBR Hustler
                                                                    • 02-27-06
                                                                    • 64

                                                                    #138
                                                                    What is Gibraltar?
                                                                    Comment
                                                                    • vitalyo
                                                                      SBR MVP
                                                                      • 12-05-07
                                                                      • 1615

                                                                      #139
                                                                      This whole thing reminds me BF casino fiasco when they claimed it is not us it's Malta juridiction and at the same time players were able to transfer the funds from betfair exchange (UK) to betfair Casino(Malta) , and then betfair removed the funds from the exchange accounts .

                                                                      I am not arguing on BF casino casino case . And rest of you stay away
                                                                      we don't need another ten pages .

                                                                      But the pattern is the same. Punters money disappear at someone else s fault .


                                                                      GL.
                                                                      Comment
                                                                      • kkkkk
                                                                        SBR Wise Guy
                                                                        • 03-30-09
                                                                        • 523

                                                                        #140
                                                                        Originally posted by yokspot
                                                                        You need to get Betfair to liase with them. They've demonstrated useless due diligence. You should at least file a complaint with Gibraltar. Betfair didn't steal anything, but they've been staggeringly incompetent.
                                                                        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 ?
                                                                        Comment
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