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Examples
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Voler La Vedette, the easy winner, was available to back at odds of 28-1 from early in the race until she crossed the line, causing £800,000 to be staked on the mare worth a total payout, in theory, of nearly £23m.
Betfair's £23m betting liability was caused by small-scale customer 2011
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Voler Bib Shorts, Trek, Simple Green, size med or large
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The phantom money put up against Voler La Vedette was too obvious to miss, but some may now wonder whether the everyday sums too are really what they seem.
Betfair's £23m betting liability was caused by small-scale customer 2011
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The bizarre betting patterns on Voler La Vedette's race, and the decision to void bets which left a number of Betfair's customers believing they had been denied a generous payout, came at the end of a difficult year for the betting exchange.
Betfair's £23m betting liability was caused by small-scale customer 2011
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While Voler La Vedette was in the process of winning the two o'clock race at Leopardstown on 28 December, a customer of the Betfair betting exchange was still taking "in-play" bets at 28-1.
Mystery men in hats? Boxing is a richer sport for it | Richard Williams 2012
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• An agency report of a race at Leopardstown, south of Dublin – Betfair voids bets after £1.6m is matched at 28-1 on easy winner – was corrected because it said that Voler La Vedette was the favourite, and that a payout of £45m was on the cards.
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Voler Bib Shorts, Trek, Simple Green, size med or large
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Voler Bib Shorts, Trek, Simple Green, size med or large
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The statement added that contrary to some media speculation, we can confirm that all in-running bets on this market would have been voided, had Voler La Vedette won or lost.
Betfair's £23m betting liability was caused by small-scale customer 2011
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Betfair are said to be 'highly embarrassed' by events that allowed rogue bets to be accepted on Voler La Vedette.
Betfair's £23m betting liability was caused by small-scale customer 2011
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