Feb
16
Remember that software bug at JonWoodGaming, the one that helped me win a lot of money. Seems like a similar bug has hit Betfair Poker. Below is an abbreviated version of the story. It was written by Alistair Osborne. The original story was reported by the Telegraph.co.uk.
The real story is that several bored poker players ould futz aroundlate at night (GMT), and do icro-stakes Sit-and-Go’s; they would all go all-in on and one. Then, someone noticed that on a six way all-in, there as a Software Bug: hands 2-6 were all paid FULL 2nd lace money. They soon graduauted to $500 and $1000 S&G’s; the same sofware bug applied! Word got out, and over one late-night, hundreds of thousands (millions actually) of dollars were “won”. Faced with exposure when the morning Betfair auditors came in, these players furiously made withdrawals or played in high-stakes games, dumping chips to many other players (not originally in on the scam).
Comments
Yeah read about this in the Telegraph.
Its a good one. Betfair clearly lost loads of money on it… although Betfair are technically correct in asking the players to return the cash they’re going to have a real pain in the ass time in getting it all back. Like any of those players are going to cough up! Will be a hell of a legal mess to start chasing them all up. They are in the wrong though as it does say in all these online poker rooms in the terms and conditions that the room has final say and any suspicion of chip dumping, fraud etc will result in the room stepping in and their word is final.
Anyone know anyone who profited from this nice little blunder?
Well, good luck to Betfair in the coming months getting back their cash!