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Betfair plc

Retrieved 2 March The Daily Telegraph. Retrieved 12 June The Guardian. Retrieved 29 January Irish Independent.

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Retrieved 21 September BBC News Online. Retrieved 5 April Retrieved 9 November Retrieved 17 June Retrieved 7 August Gambling Insider. Retrieved 28 March Retrieved 3 December Retrieved 21 October Retrieved 9 July New York Daily News. Monaghan 16 October The Irish Times. Retrieved 26 February Racing Post.

Retrieved 6 March Retrieved 2 October The Wall Street Journal. The Motley Fool. Retrieved 10 December Paddy Power Betfair. Retrieved 10 June Las Vegas Sun.

Retrieved 22 May Gambling Commission. The practice drew widespread scrutiny after one such agent, working for a company established by former Betfair employees, was arrested at the Australian Open ; charges were later dropped. In Februarythe ASA banned another Betfair advert, that stated "On Betfair, you cut out the middle man, which means you could win bigger".

The regulator said that the description "cutting out the middleman" was ambiguous and misleading, because the site takes a commission fee on winnings, which could be perceived as a middleman role.

In SeptemberBetfair introduced a "Premium Charge" for wagerers whose winnings are particularly high compared to the amount of commission they pay.

Though Betfair stated that the charge would only affect less than 0. Betfair has noted that they have signed numerous information sharing agreements with governing bodies around the world, with whom they cooperate on matters if the latter suspects corruption to have taken place. Betfair has agreements with some thirty sports bodies, such as the Lawn Tennis Association and the British Horseracing Association, and has been instrumental in several high-profile investigations into suspicious betting.

In Junehigh-profile racehorse owner and professional gambler Harry Findlay was banned by the British Horseracing Authority for using Betfair to bet against his own horse, Gullible Gordon.

In a further twist, the bets were actually made by Findlay "associate" Glenn Gill. Betfair themselves condemned the punishing of Findlay, saying the punishment was not "proportionate or consistent with similar offences in the past.

In AugustBetfair took the unprecedented step of voiding all bets following a tennis match between Martin Arguello and Nikolay Davydenko because of suspicious betting patterns. In DecemberBetfair voided all in running bets on a race at Leopardstown after an automated customer reportedly laid the winning horse Voler La Vedette at odds of 28—1, even as the mare crossed the finish line.

Some of these customers are believed to be pursuing their case with the independent adjudication body IBASas Betfair no longer falls under the jurisdiction of the Gambling Commission since its move to Gibraltar in Although funds were removed from customer accounts before the bets had won, the company claimed that due to "technical issues in transmitting bets into the Tote pools in the last 10 minutes before the pool closed", they would not pay any winnings.

From Wikipedia, the free encyclopedia. United Kingdom. Operating income. Net income. Archived PDF from the original on 31 August Retrieved 23 March The Telegraph. Archived from the original on 16 December Retrieved 5 April Archived from the скачать сайт бетвинер on 20 October Retrieved 8 April SBC News. Archived from the original on 22 September Retrieved 22 September BBC News.

Archived from the original on 10 September Archived from the original on 12 February Archived from the original on 5 November Retrieved 3 November Archived from the original on 30 December Retrieved 7 May The Daily Telegraph. Retrieved 1 July Archived from the original on 25 September Archived from the original on 3 February Retrieved 24 January Archived from the original on 30 January Retrieved 29 January The Guardian.

Archived from the original on 17 August Retrieved 10 September Racing Post.

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Archived from the original on 19 April Retrieved 3 February Retrieved 9 May Archived from the original on 11 March Retrieved 29 April Poker News.

Archived from the original on 6 August Retrieved 6 August Archived from the original on 27 March The Belfast Telegraph. Archived from the original on 29 November Archived from the original on 1 May Italian Betting Exchange. The Irish Times. Archived from the original on 21 April Retrieved 14 June Archived from the original on 14 March Retrieved 13 March Archived from the original on 18 June Archived from the original on 14 August Archived from the original on 20 September Archived from the original on 31 January Archived from the original on 4 May