The betting exchange confirmed to have allowed a number of accounts used by individuals under suspicion of corrupting racing to remain active and that the Jockey Club has been monitoring transactions since February.
Betfair and the Jockey Club first discussed and identified the accounts as being linked in January 2005 agreeing to leave them open to either build a solid case or exonerate them.
Since February, the Jockey Club has been able to monitor the accounts live through Betfair’s Betmonitor service. The Jockey Club has seen all bets as they were placed, in real time, in anonymous format.
The latest UK racing corruption scandal sees two individuals with privileged information laying bets on horses to lose on a network of up to 30 Betfair\’s accounts
According to the Racing Post, the accounts were opened using different passports and credit cards, but the same passport photo and mobile numbers.
One betting exchange account shows more than 2,600 transactions over the course of a year and revealed a near perfect strike rate when laying horses to lose.
The largest liabilities were made by horses from the same yard in Newmarket and with the same jockeys riding.
“If you create the opportunity for people to benefit from doing this sort of thing then don’t be surprised if they take you up on it,” commented William Hill Chief Executive David Harding.
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