Betfair - This is a wind up
One of the UK's leading Sunday national newspapers carried a story regarding a character called Elliott Short. According to the story this 22 year old ex City of London Trader made £20 million in a year by laying horses on the Betfair Exchange.
Apparently according to the story Short's "magic" system was to lay the favourite and one other horse in every race of the day. I suppose the theory being that as more than 6 favourites out of ten lose their races that the money will pour in. Oh if it was only that simple.
In the article it was claimed that Short made £1.5 million when Binocular lost at Cheltenham and £½ million laid on Monsieur Chevalier at Royal Ascot. It did not take Betfair long to make the following announcements on its forum:
"No Betfair customer won £1.5 million or anything even vaguely approaching that amount betting on the Champion Hurdle.
No Betfair customer won £500,000 or anything even vaguely approaching that amount laying Monsieur Chevalier at Royal Ascot
The figures shown in the account statement screenshot in the News Of the World do not reconcile to any Betfair account."
Remember when you are looking at any horse racing system it is easy to make claims but not so easy to back them up with proof.
One of the UK's leading Sunday national newspapers carried a story regarding a character called Elliott Short. According to the story this 22 year old ex City of London Trader made £20 million in a year by laying horses on the Betfair Exchange.
Apparently according to the story Short's "magic" system was to lay the favourite and one other horse in every race of the day. I suppose the theory being that as more than 6 favourites out of ten lose their races that the money will pour in. Oh if it was only that simple.
In the article it was claimed that Short made £1.5 million when Binocular lost at Cheltenham and £½ million laid on Monsieur Chevalier at Royal Ascot. It did not take Betfair long to make the following announcements on its forum:
"No Betfair customer won £1.5 million or anything even vaguely approaching that amount betting on the Champion Hurdle.
No Betfair customer won £500,000 or anything even vaguely approaching that amount laying Monsieur Chevalier at Royal Ascot
The figures shown in the account statement screenshot in the News Of the World do not reconcile to any Betfair account."
Remember when you are looking at any horse racing system it is easy to make claims but not so easy to back them up with proof.
