One of the things I talk about on my Workshops is how to manage your accounts. Betfair is not like Lloyds.
You have had your bank account hacked and have an account with Lloyds.
You: “ Hello, is that Lloyds?. I have had £12,456 taken from my account”
Lloyds: “ Very sorry to hear that Sir, we will transfer that amount straight to your account now”
Same scenario with Betfair.
You: Hello, is that Betfair? I have had £3459 taken from my account”
You: Hello? Hello?
Betfair – Sniggering heard in the background – “Er, oh. Sorry about that. But your password is your own responsibility. If it’s used and your money was taken, that’s not our fault. I can, however, offer you a £25 free bet on our Sportsbook as a way of helping you overcome this inconvenience”
Betfair, to their credit, do have another level of protection that you can activate. How successful it is I have no idea. But any extra security has to be welcomed and used.
It’s called 2 step authentication. It’s basically an app for your smartphone. When you log into Betfair, you open the app and use the 6 digit code that is provided. It’s very easy to implement.
Betfair has made an excellent series of videos that show you how it works and how to get it. I will post them below. I strongly recommend you get this if you haven’t already.