The day somebody with £1k caused a £600m error

28/12/2014 | By | Reply More

Three years ago today we were treated to a day of spectacular proportions. It seems to have slipped into the history books a bit so I thought I would reprise it for your enjoyment and delight.

On this this day at the Christmas hurdle at Leopardstown something went very, very wrong. Voler La Vedette ran home to take that race, but for most of the race £21m was available to back at good odds. Nobody it seemed was able to take all that money in-running however and ‘only’ £1.6m was matched, meaning the loser would have to pay out a cool £44.8m to the backers. That never happened though, despite promises. I posted a few plausible theories.

Everywhere went into meltdown that day. For the full story you need to read the full blog posts, but also the forum posts for the race. I’ve listed them all for your enjoyment: –

Bet Angel forum posts

Biggest ever loss on Betfair?

How to lay £600m worth of bets on Betfair

£1k account caused £600m of error

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Category: Betfair, Horse Racing

About the Author ()

I left a good job in the consumer technology industry to go a trade on Betfair for a living way back in June 2000. I've been here ever since pushing very boundaries of what's possible on betting exchanges and loved every minute of it.

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