Betfair agents to cease business

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jonibiza19

Re: Betfair agents to cease business

Wed Jan 01, 2020 9:17 pm

Everyone that have money on those agent exchanges should be ready for the worst aka get scammed.
trtrtt11
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Re: Betfair agents to cease business

Thu Jan 02, 2020 10:18 am

We had our own Mater-Sub accounts and still nothing...
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arbusers
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Re: Betfair agents to cease business

Wed Jan 15, 2020 5:38 pm

It is more than a month since Betfair agents ceased business abruptly. This came with no previous notice during a Champions League full action night. Since then, no balances have been returned to players. Some of the players based all business on Betfair's action and now they are forced to have a big pause resulting in loss of income.
In addition, Betfair's delays brought several agents to an embarrassing position having to explain ''where is the money''. Reliability questions are also there, most (but not all) of the cases being unfair for the agents.
We believe it is time for funds to be released, or Betfair should provide its reasons for these delays.
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Re: Betfair agents to cease business

Wed Jan 15, 2020 7:31 pm

I'm user of an agent account, betinasia, and I had no problem withdrawing the funds until it is resolved and again operational.
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Re: Betfair agents to cease business

Mon Jan 20, 2020 3:28 pm

arbusers wrote: It is more than a month since Betfair agents ceased business abruptly. This came with no previous notice during a Champions League full action night. Since then, no balances have been returned to players. Some of the players based all business on Betfair's action and now they are forced to have a big pause resulting in loss of income.
In addition, Betfair's delays brought several agents to an embarrassing position having to explain ''where is the money''. Reliability questions are also there, most (but not all) of the cases being unfair for the agents.
We believe it is time for funds to be released, or Betfair should provide its reasons for these delays.
Do you feel there is anything we can do as players to put maximum pressure on Betfair to do the right thing?

From what I know these accounts had one thing in common: very high minimum deposit (5k-10k range as far as I've heard), and it sounds like there are a lot of people affected, so we're talking about a potentially enormous amount of money Betfair are pocketing here.

I've seen activist short sellers decimate other companies' share prices by going public over far less.
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arbusers
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Re: Betfair agents to cease business

Mon Jan 20, 2020 6:11 pm

Well, it is already public as you see.
I m curious to know if anyone wrote an email to Betfair directly and what the answer was (if any). This area is completely gray and each case is different.

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