Is BetFair Poker a booby trap for the gullible novices? Does The Sporting Exchange (the operator of the BetFair brands) help gangs plucking down innocent recreational poker players?? To get an inkling, don’t read The Guardian, seeded by the BetFair spin doctor; read Midas Oracle.

Rab Bibater commenting here:

[...] the dark side of online poker – the fact that many players are colluding using devices such as MSN messenger; this is something that the average innocent, who decides to play online poker, is better not knowing about!

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Is that true, folks? (It sounds like it is.) Let me know in the comment area, and I’ll update this post with fresh inputs.

If it is, then this is frightening.

I previously ranted against the lack of morality and ethics of the new, cocky BetFair Poker chief.

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UPDATE: Rab Bibater goes deeper…

It is not a question of the Sporting Exchange “helping gangs”. Indeed, collusion between players is something that the company, and all other online poker companies, outlaw. The issue is actually an industry wide phenomena. Many of the players on the online poker sites know each other and they communicate on tools such as MSN. The existence of this channel may lead unscrupulous persons to collude during games to stiff innocent players.

My point vis a vis the “Betfair Heist” is (as I understand it), that it lifts the lid on the fact that players are in communication with each other during games. As I understand it, the first lot of players to uncover the fault in the software, used tools such as MSN to tell their mates, who then came on board and exploited the glitch. If the case were to go to court, it is this practice that would be brought out into the open.

A natural inference of the fact that this channel communication goes on, is that some will exploit the possibility to collude during games. This is not something that would be specific to Betfair, or something that they would wish to be happening.

Hummm… No good.

About Chris F. Masse

Founder and President of Midas Oracle
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2 Responses to Is BetFair Poker a booby trap for the gullible novices? Does The Sporting Exchange (the operator of the BetFair brands) help gangs plucking down innocent recreational poker players?? To get an inkling, don’t read The Guardian, seeded by the BetFair spin doctor; read Midas Oracle.

  1. Rab Bibater says:

    It is not a question of the Sporting Exchange "helping Gangs;" indeed, collusion between players is something that the company, and all other online poker companies outlaw.  The issue is actually an industry wide phenomena.  Many of the players on the online poker sites know each other and they communicate on tools such as MSN.  The existence of this channel may lead unscrupulous persons to collude during games to stiff innocent players.

    My point vis a vis the "Betfair Heist" is (as I understand it), that it lifts the lid on the fact that players are in communication with each other during games.  As I understand it, the first lot of players to uncover the fault in the software, used tools such as MSN to tell their mates, who then came on board and exploited the glitch.  If the case were to go to court, it is this practice that would be brought out into the open.

    A natural inference of the fact that this channel communication goes on, is that some will exploit the possibility to collude during games.
    This is not something that would be specific to Betfair, or something that they would wish to be happening. 

  2. Rab Bibater,
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    Thanks for your comment.
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    Midas Oracle focuses on the prediction market firms. BetFair is one. They also operate poker, which is why we look into that. Midas Oracle does not cover the gambling industry, just the prediction market industry, and how those PM firms diversify their activities.
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    If BetFair Poker were doing nothing to counter the "colluding" of groups of players against some naive, recreational poker players, then one would say that they are "helping" the bad guys, with their remote technology, knowingly. That was the sense of my question in the title.

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