Tag: customer

£1k account caused £600m Betfair error

Betfair have issued a statement this afternoon outlining the error that caused the exchange to misfire. The full statement is here: –

https://community.betfair.com/service/go/thread/view/94166/28801289/in-running-bets-void-on-200-leopardstown?post_id=514377961#514377961

But here are some bullet points:-

“This bet was placed by one of our UK customers trading the race via our API or Application Programming Interface (bdp.betfair.com/) using an automated program (a “bot”). Their bot had developed a fault causing it to try and place a very large number of bets on the Exchange. These bets were …