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2007-10-12
In the last couple of days, David O'Reilly, legal adviser for the online betting exchange, told the jury in the Kieren Fallon case how the Miles Rodgers-controlled Betfair accounts dominated Betfair's lay markets, being responsible for over 50 per cent of the market liability on a number of occasions. Prosecution explained how Rodgers was offering high odds showing a strong confidence in the outcome. O'Reilly had, however, to concede that the evidence provided by Betfair was misleading in 8 of the 27 races since the data included prices offered in-running.
O'Reilly also explained the jury that while Rodgers used a dozens of different betting accounts in the the names of friends and acquaintances to place his bets, it would be more financially advantageous to place bets through a single account considering that the commission charged decreases as the size of the bet increases.
"Customers could take advantage of this if large bets were placed through a single account, but would incur higher commission charges if they spread the bet across multiple accounts," he said.
Earlier on Wednesday, John Kelsey-Fry, lawyer for Kieren Fallon, told the court that the suggestion that the former Champion Jockey was deliberately trying to lose races was simply ridiculous. |
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