Tag: customer

£1k account caused £600m Betfair error

£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: –


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 …

30/12/2011 | By More