Tag: mourad
How to lay £600m worth of bets on Betfair?
That has to be the #1 question after yesterdays debacle in one of the feature races at Leopardstown.
To summarise, a mysterious lay bet appeared and stayed on the winning favourite at 29’s right up to the finish of the race. The ‘layer’ offered up £21m at 29’s creating a £600m liability. Betfair voided the in-running market.
Betfair have come out officially and ruled out that it was them or any account controlled by them or that they had a …
Biggest ever loss on Betfair?
One of those remarkable events happened today on Betfair when, in the Christmas hurdle at Leopardstown, Voler La Vedette was offered up in-running for massive money at massive prices despite the fact it won.
Seemingly, over £21m was offered and held in-running to get filled at HUGE prices. £1,642,094 was matched at 29’s meaning the loser would have to pay out £44.8m on their bet at 29’s. In order to be able to just place the bet the user would …
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