Betfair Pays Out - Software Glitch Revealed

**SlotMonster** · 16th January 2008, 11:49 AM

Jan 13th, 2008
Between 3 AM and 6 AM this morning, a glitch was discovered on Betfair Poker.

The Sit 'n Go payouts developed a glitch immediately after the site ran a software upgrade. Betfair's "6-Pack" Sit 'n Go's were not only paying the top two places, but also ALL the remaining entrants; all entrants were being paid 2nd place money, regardless of where they placed.

Obviously, it did not take long for players to realize what was happening - groups quickly filled all the highest buy-in Sit 'n Go's and began to go all-in every hand. An organized effort was established with a small group of twenty players exploiting the glitch, and as the night progressed, others quickly realized the situation and began to profit as well.
Betfair finally became aware of the problem around 6 AM. One report estimates the losses at over $1.7 million pounds, making this quite a fiasco for Betfair.

Many players who took advantage of the glitch instantly, withdrew their newfound wealth via Paypal. Paypal has frozen many accounts, but some players were able to cash out and escape with their ill gotten gains prior to being discovered.
This information was linked on the Betfair forums in a few threads, but at last check, they have been removed by management, leaving the public to wonder if Betfair is attempting to hide the scandal.
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LOL

**jetset** · 16th January 2008, 12:03 PM

Interesting tale of greed and technical flaws - trying to get a comment from Betfair management at present, especially in regard to that reported total figure of GBP 1.7 million.

**winbig** · 18th January 2008, 01:42 AM

whoa....

Many players who took advantage of the glitch instantly, withdrew their newfound wealth via Paypal.

????? PAYPAL? wtf?

Since when can you withdrawal, let alone deposit, via paypal at any gambling site?

**ugaboga** · 18th January 2008, 01:47 AM

Paypal accepts Brits and some European countries to use their account for deposit/withdrawal purposes with online gaming companies.

**RobWin** · 18th January 2008, 01:59 AM

Originally Posted by ugaboga

Paypal accepts Brits and some European countries to use their account for deposit/withdrawal purposes with online gaming companies.

I thought Paypal stopped allowing gaming transactions when they were bought by eBay ? Or Is that for only us in the good ole USA...

**pokeraddict** · 18th January 2008, 03:15 AM

Originally Posted by RobWin

I thought Paypal stopped allowing gaming transactions when they were bought by eBay ? Or Is that for only us in the good ole USA...

Correct, that is only for the US except for "skill games" protected by the UIGEA. Paypal processes gambling transactions for some countries outside the US.

**GaryWatson** · 18th January 2008, 03:28 AM

I wouldnt have noticed the style of play, betfair must be the loosest site I have ever played at

**winbig** · 18th January 2008, 05:00 AM

Originally Posted by pokeraddict

Correct, that is only for the US except for "skill games" protected by the UIGEA. Paypal processes gambling transactions for some countries outside the US.

Hypocritical bastards. Where the )$@*(&%@(*$% do they get off on that shit? Even pre-UIGEA they didn't allow gambling transactions for the USA.

**RobWin** · 18th January 2008, 05:22 AM

Originally Posted by winbig

Hypocritical bastards. Where the )$@*(&%@(*$% do they get off on that shit? Even pre-UIGEA they didn't allow gambling transactions for the USA.

Here you go Win, I thought you could use this right now, I still saved a few for myself....

The new and improved XANAX XR.....

**jetset** · 18th January 2008, 05:32 AM

Not only that - the Paypal CEO has been an active and public supporter for the criminalisation of online gambling....in the US!!! Hypocrisy on a grand scale....