first_img KCS-content BETFAIR’S hopes of achieving a valuation above £1.4bn in its upcoming float have received a blow from a rival online bookie.Bodog was forced to slash its odds on Betfair failing to hit the sum after a rush by shrewd punters. Bodog initially offered 8/11 on the IPO failing to hit £1.4bn but was forced to cut the price twice, first to 1/2 then to 1/3.The bookie also reported a number of customers setting up accounts especially to place bets against Betfair reaching the figure, seen as a warning sign in the industry.A Bodog spokesman said: “We have had 182 bets on the downside compared to just 22 on the upside. For a bet this niche this is quite a lot. Having a lot of experience in this industry I’m pretty certain these people will turn out to be right.“We even had people setting up multiple accounts so they could get three bets at the maximum of £500 a bet.”The world’s biggest online betting exchange is not planning on raising new capital in the flotation but will put a minimum of 10 per cent of the company on the market through the sale of shares of existing stakeholders.It expects to announce its pricing after its annual meeting next month. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadaUndo Blow to Betfair as odds on £1.4bn float valuation are slashed by rival Sunday 26 September 2010 10:45 pm Sharecenter_img whatsapp Tags: NULL More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her Show Comments ▼ whatsapplast_img

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