Yes, Betfair shows the divvie at $1.23 but they actually paid out $0.61

I agree, you should not receive less than your one unit bet as you have won the bet.
It is absurd to be paid less than your investment.
Yes Michael, that is the race I am referring to. I don't think having the SP would have made a difference. My bet was matched at $1.23.

If they can't operate normally then the least they should do is throw their hands up in the air, say it is all too complicated and refund the bets to each punter involved.
But to pay someone LESS than their bet even when they win is absurd.
It also means every database that uses BF data in their results is wrong because they will show a divvie of $1.23 when in fact the punter only got half of that.
This might sound petty, but as someone who is betting on a short priced fave place system every 0.01 of a unit is critical.

On a side note.... I want to see the photo :-) I was sure my horse came third and was not in a dead heat lol