Betfair cash race

News, chat and debate about the Betfair betting exchange.
Post Reply
greenmark
Posts: 4948
Joined: Mon Jan 29, 2018 2:15 pm

Kafkaesque wrote:
Thu May 30, 2019 3:23 pm
Derek27 wrote:
Thu May 30, 2019 3:07 pm
Kafkaesque wrote:
Thu May 30, 2019 1:12 pm
Is it just me, or is it a misrepresentation that they've added a 4th amount and called it bonus, while the terms are still only one price?

The word bonus strongly implies to me, that it is on top of something else, not replacing the 3rd amount. Sketchy at best. Not that I think, they're trying to be so. Just your standard incompetence round their way these days.
They don't explain whether the bonus replaces or is in addition to target 3, and they certainly don't pay much attention to their grammar when preparing the cash race page: Opt in. You can that here.
My point exactly. Common sense would say it is in addition to. Terms says it replaces. Wouldn't put it beyond them to have forgotten to update the terms.

I'd venture that it's run from Romania. A campaign unavailable in the UK was confirmed for me as being run out of Romania. Has some of the same language. Which is likely a word for word translation from Romanian or Google Translate.
Or maybe the individual was a Geordie. "You can that, why aye man, here!!"
In which case there was a missing comma and exclamation mark, or two.
tomallen123
Posts: 107
Joined: Mon Nov 01, 2010 1:52 pm

Just noticed this in their terms and conditions


If you’re using a Betfair Holiday at any point during this promotion, or 30 days prior to the campaign starting, your Betfair Points won’t be included.



So if I understand this correctly, if you take a betfair holiday in the 30 days before the cash race starts then you won't be able to take part?
User avatar
Kafkaesque
Posts: 886
Joined: Fri Oct 06, 2017 10:20 am

tomallen123 wrote:
Fri May 31, 2019 8:04 am
Just noticed this in their terms and conditions


If you’re using a Betfair Holiday at any point during this promotion, or 30 days prior to the campaign starting, your Betfair Points won’t be included.



So if I understand this correctly, if you take a betfair holiday in the 30 days before the cash race starts then you won't be able to take part?
Who bloody knows? Again, insanely poorly worded.

Logically they should have worded it like you did, if you can't win anything at all. The opposite - that points from a period prior to the campaign - makes zero sense.

Ask them on Twitter, and do post here what you get back.
tomallen123
Posts: 107
Joined: Mon Nov 01, 2010 1:52 pm

I checked my cashrace totals this morning and hadn't been awarded any points, so checked the T+Cs to see what was going on, seeing those rules made me panic even though they don't make any sense.
The points have updated now so panic over.


This is what betfair support told me;

Hi Tom

Thanks for getting in touch.

This rule for the Cash Race has always been in place and simply means that any points occurred during your Betfair holiday will not be in included in the Cash Race campaign.

Please feel free to get in touch if there's anything else I can assist you with.

Kind Regards,
User avatar
Derek27
Posts: 23478
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

They're no longer called holidays, they are Betfair freezes - and I took one early this month!!
tomallen123
Posts: 107
Joined: Mon Nov 01, 2010 1:52 pm

Unfortunately the Cash Race is currently unavailable to you.
Please check the below reasons why this may be:

Please check the below reasons why this may be:
Having joined Betfair before the 00:00:01 - 01/05/2019.
Customers who take a Betfair Holiday at anytime in the month prior to the Cash Race commencing.


There's a few more reasons listed but they make more sense.
The 2 above are new and don't make sense to me.

Has anyone else been ruled ineligible for this cash race? I've taken part in all the previous ones.
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Yep I'm ineligible too, looks like it's now only available to users who joined after May 2019. Typical of Betfair's mentality of sticking two fingers up to the long term users who helped the exchange grow in the first place.
User avatar
Kafkaesque
Posts: 886
Joined: Fri Oct 06, 2017 10:20 am

tomallen123 wrote:
Thu Aug 29, 2019 10:22 am

Having joined Betfair before the 00:00:01 - 01/05/2019.
I'm eligible, and weirdly I'm seeing a different wording than the above.

"Customers who self-exclude and re-join after the 01/05/2019 will not be included, but they’ll be added to future Cash Races"
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Mine are listed as
Unfortunately the Cash Race is currently unavailable to you.
Please check the below reasons why this may be:
- Having joined Betfair before the 00:00:01 - 01/05/2019.
- You have chosen the BASIC plan as part of the Exchange pricing promotion.
- The country where your account is registered is ineligible.
- Customers who self-exclude.
- Customers who take a Betfair Holiday at anytime in the month prior to the Cash Race commencing.
- Customers who close and reopen their accounts 60 days prior to the Cash Race starting will be unable to join the Cash Race. Paddy Power/Betfair employees and Premium Account holders are unable to take part in the Cash Race.
User avatar
Derek27
Posts: 23478
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

The cash race has never got my blood pumping and the only time I ever hit my 2nd target was when I used to over-stake and inadvertently take bigger risks.
Capture.PNG
You do not have the required permissions to view the files attached to this post.
tomallen123
Posts: 107
Joined: Mon Nov 01, 2010 1:52 pm

Have spoken to a couple of people with old betfair accounts and both of them are eligible for the cash race.

I'm currently on a betfair points holiday so possible that is the reason why I'm getting the message.
Not sure why using a points holiday should matter with regards to the cash race.

Have been on chat and raised the issue, they are going to email me back.
User avatar
Derek27
Posts: 23478
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

It's the joining Betfair before one second after midnight clause that really gets me. :lol: There will surely be a small percentage of customers that joined after 1st May.
User avatar
Kafkaesque
Posts: 886
Joined: Fri Oct 06, 2017 10:20 am

The weird thing is though I'm eligible, I'm in effect not. The targets are not set from an average of commission over a longer period, but rather where you max out in a short burst - in my case at least. Like most traders, I would suspect, my commission is pretty even over time. But two things give spikes.

I do a fair bit of betting also. Mostly small-ball compared to the trading, but there's maybe 15-20 times a year, where I have good enough info to really go after the value, and about a quarter of those, I get the best value on the exchange.

And then there's outages, where open trades are forced to run, even if fully or partially hedged elsewhere.

My cash race targets are clearly set after weeks where there's been value on select spots, coinciding with multiple outages.

I need BF to cock up mightily in the coming weeks to stand a chance to get anything from a campaign, they set up to give their customers value. Maybe Webster could use that under irony :?

Cooooooomeeeeeee ooooooooooonnnnnnnn outages. I want my target bonus :lol:
User avatar
Derek27
Posts: 23478
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

I had the same problem when I was forced to give up arbing, which ensured profits and losses I rarely get from trading. The next cash race set targets that were unachievable!
rik
Posts: 1583
Joined: Sat Jan 25, 2014 5:16 am
Location: London

didnt get a message about cash race, anyone else?
Post Reply

Return to “Betfair exchange”