{"id":4854,"date":"2011-12-30T15:52:38","date_gmt":"2011-12-30T15:52:38","guid":{"rendered":"http:\/\/www.betangel.com\/blog_wp\/?p=4854"},"modified":"2012-01-06T13:35:08","modified_gmt":"2012-01-06T13:35:08","slug":"1k-account-caused-600m-betfair-error","status":"publish","type":"post","link":"https:\/\/www.betfairtradingblog.com\/blog_wp\/2011\/12\/30\/1k-account-caused-600m-betfair-error\/","title":{"rendered":"\u00a31k account caused \u00a3600m Betfair error"},"content":{"rendered":"<p>Betfair have issued a statement this afternoon outlining the error that caused the exchange to misfire. The full statement is here: &#8211;<\/p>\n<p><a href=\"https:\/\/community.betfair.com\/service\/go\/thread\/view\/94166\/28801289\/in-running-bets-void-on-200-leopardstown?post_id=514377961#514377961\">https:\/\/community.betfair.com\/service\/go\/thread\/view\/94166\/28801289\/in-running-bets-void-on-200-leopardstown?post_id=514377961#514377961<\/a><\/p>\n<p>But here are some bullet points:-<\/p>\n<p>&#8220;This bet was placed by one of our <strong>UK customers<\/strong> trading the race <strong>via our API<\/strong> or Application Programming Interface (bdp.betfair.com\/) using an automated program (a \u201cbot\u201d).<strong> Their bot had developed a fault<\/strong> causing it to try and place a very large number of bets on the Exchange. These bets were large in size and mispriced&#8230;&#8230; However, <strong>due to a technical glitch<\/strong> within the core exchange database, <strong>one of the bets evaded the prevention system<\/strong> and was shown on the site. This was an issue that was triggered because of a unique sequence of events that had never happened before.&#8221; &#8211; &#8220;In this case, <strong>the customer had less than \u00a31,000 in their account<\/strong> so none of these bets should have been accepted.&#8221;<\/p>\n<p>&#8220;The Betfair technical teams continued to investigate the details of the fault and, having identified the issue, worked on <strong>putting a fix in place which was applied at 10.15pm on December 28th<\/strong>.&#8221;<\/p>\n<p>&#8220;Following extensive testing, we can confirm that <strong>there have been no subsequent occurrences of this fault<\/strong> and we\u2019ve taken steps to prevent its reoccurrence in the future.&#8221;<\/p>\n<p>&#8220;Again, I would like to clarify that <strong>the account in question has no commercial relationship with Betfair other than being a customer<\/strong>. Our reputation has been built on integrity and we have been pioneers in the industry in ensuring that betting is carried out in a fair and transparent manner. By making the voiding decision, I can assure you that this decision was not taken lightly and that we have implemented what we believe to be the fairest solution in these truly exceptional circumstances.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_4854\" class=\"pvc_stats all  \" data-element-id=\"4854\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>\n\n<div class=\"twitter-share\"><a href=\"https:\/\/twitter.com\/intent\/tweet?via=betangel\" class=\"twitter-share-button\">Tweet<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Betfair have issued a statement this afternoon outlining the error that caused the exchange to misfire. The full statement is here: &#8211; https:\/\/community.betfair.com\/service\/go\/thread\/view\/94166\/28801289\/in-running-bets-void-on-200-leopardstown?post_id=514377961#514377961 But here are some bullet points:- &#8220;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 [&hellip;]<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_4854\" class=\"pvc_stats all  \" data-element-id=\"4854\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1364],"tags":[1343,350,18,702,1341,1346,71,1345,1337,316],"class_list":["post-4854","post","type-post","status-publish","format-standard","hentry","category-betfair_trading_betting","tag-600m","tag-api","tag-betfair","tag-bot","tag-christmas-hurdle","tag-customer","tag-error","tag-exchange","tag-leopardstown","tag-void"],"_links":{"self":[{"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/posts\/4854"}],"collection":[{"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/comments?post=4854"}],"version-history":[{"count":3,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/posts\/4854\/revisions"}],"predecessor-version":[{"id":4856,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/posts\/4854\/revisions\/4856"}],"wp:attachment":[{"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/media?parent=4854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/categories?post=4854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/tags?post=4854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}