- Joined
- Apr 2, 2007
- Location
- Belarus
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
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
