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Pop band McFly
The boys from McFly cost Ed £7,000

Ed Murray applauds Betfair’s cool reaction to the recent reality TV betting scandal and staunchly defends his lost bet on McFly to be Record of the Year

Wednesday 14 December 2005 – a landmark date in the betting world. A day when Betfair and its specials markets became frontpage news. The Daily Mirror’s headline read: ‘Xposed – a betting scam that raked in a fortune from reality TV shows such as X Factor has been smashed!’ This was followed by segments on the BBC and ITV news programmes.

Allegedly, a BT worker with access to phone-vote totals on reality TV shows was tipping off four further friends, who were then placing a string of late winners on the betting markets on, say, who would be eliminated each show on I’m A Celebrity.

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