Betfair Punter loses 137,000 pounds on 1 horse race
Quoted by The Sun reporter Harry Macadam as the barmiest bet ever, a Betfair punter lost 137,000 pounds laying a horse to lose "in running" to win a grand total of �137.
Ede was placed fourth and floundering at the time in the 3oclock at Plumpton and looked beaten. The layer offered odds of 999-1 for the horse to win the race and must have been shocked to see the favourite Pilca in the race fall while in front, followed by Ede getting his second wind and passing the 2 other runners (Koyaanisqati and Victory Sign) left in the race to get up on the line.
Betfair has courted controversy by allowing punters to lay horses to lose. What has possibly transpired is unscrupulous trainers alledgedly running lame horses knowing full well they can lay the horse to lose without a worry of losing out. All very sad indeed.
In fact just last week punters were laying a dead horse (Jair du Cochet) to lose on the P2P betting exchanges. How sad is that eh?
Of course the big bookies don't really like Betfair and Betdaq etc stating layers on Betfair and the like don't have to pay the taxes they do to run legitimate licensed betting shops. Sour grapes?... Probably not actually because they are happy to battle for business with Index Betting firms who also allow punters to bet on horses to lose rather than win.
Full story THE SUN
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