If a few punters get itchy and want to withdraw their ‘profits’ I’d pay out from the banked funds and calculate their ‘winnings’ from Betfair figures.

Odds are that within 6 months that killer run would occur and “Oops – you’ve all lost your bank”.

Of course the punter thinks it all went to the lucky guy on Betfair that got it right that day, but in fact it’s still in that high-interest account.

Now if I’d actually placed it on Betfair on your behalf it would be your risk – and you lost. No problem.

If it’s in that bank account it’s plain and simple theft and a jail sentence is in order.

Does anyone ever have any proof the bets were actually placed?