Betfair punters lose out in verdict on £23m Voler La Vedette case

Betfair punters lose out in verdict on £23m Voler La Vedette case
 

Punters hoping for a share-out of the £23m "won" in controversial circumstances on Betfair last December met with a substantial if not unexpected setback on Saturday when the Independent Betting Adjudication Service (IBAS) backed the betting exchange's decision to void all the bets.
Voler La Vedette, the easy winner of the Christmas Hurdle at Leopardstown on 28 December, was available to bet in-running at 28-1 even as the mare passed the winning post and some 200 punters took advantage of the situation, staking a total of £800,000.
But in unprecedented circumstances, Betfair took... read more

 
24 March 2012 in Business, Views: 7
Source: Guardian
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