New Posts For Thread: What's the problem about bots?https://community.betfair.com/general_betting/go/thread/view/94082/30760409/whats-the-problem-about-botsI keep hearing bots are ruining the exchange and that nobody can win. Why not? What do they do that is spoiling it for the humans? I don't believe it myself so would like to hear you opinions.I hear things like queue jumping as in placing bets higherArbitrage is something else.Yep. Arbitrage is misunderstood on here. I can't recall ever seeing a genuine reference to arbitrage, which is broadly speaking taking opposing positions in 2 or more separate markets. I do arbitrage and have a fairly bighttps://community.betfair.com/general_betting/go/thread/view/94082/30760409/whats-the-problem-about-bots?post_id=550820143#550820143Arbitrage is something else.Yep. Arbitrage is misunderstood on here. I can't recall ever seeing a genuine reference to arbitrage, which is broadly speaking taking opposing positions in 2 or more separate markets. I do arbitrage and have a fairly bigSat, 07 Jan 2017 00:51:05 -0600aye robot is just part of the evolution process of Betfair. Of those who join Betfair some are capable of taking advantage of the opportunities that it offers but most aren't so go the way of the Dinosaur. No point in complaining either adapt or diehttps://community.betfair.com/general_betting/go/thread/view/94082/30760409/whats-the-problem-about-bots?post_id=550813879#550813879aye robot is just part of the evolution process of Betfair. Of those who join Betfair some are capable of taking advantage of the opportunities that it offers but most aren't so go the way of the Dinosaur. No point in complaining either adapt or dieFri, 06 Jan 2017 11:45:53 -0600Lewisham - what do you think would happen to the money if I didn't win it? It would just be sucked up in commission. At the level of the individual bet I'm taking my counter-party's money (or else he takes mine) but when I withdraw it's Betfair's monhttps://community.betfair.com/general_betting/go/thread/view/94082/30760409/whats-the-problem-about-bots?post_id=550813519#550813519Lewisham - what do you think would happen to the money if I didn't win it? It would just be sucked up in commission. At the level of the individual bet I'm taking my counter-party's money (or else he takes mine) but when I withdraw it's Betfair's monFri, 06 Jan 2017 10:56:48 -0600I agree, the sucking up to this guy is becoming rather sickening.Clearly he's very well skilled at what he does, however he's making money out of people who have a passion for gambling while he knows next to nothing about what he's betting on.good luhttps://community.betfair.com/general_betting/go/thread/view/94082/30760409/whats-the-problem-about-bots?post_id=550813147#550813147I agree, the sucking up to this guy is becoming rather sickening.Clearly he's very well skilled at what he does, however he's making money out of people who have a passion for gambling while he knows next to nothing about what he's betting on.good luFri, 06 Jan 2017 10:24:34 -0600Do you struggle to explain it?Yes. There is something about probabilistic thinking that seems to be fundamentally offensive to the human brain. Many people simply can't (or won't) grasp the fundamental concepts. My closest friend has known about whathttps://community.betfair.com/general_betting/go/thread/view/94082/30760409/whats-the-problem-about-bots?post_id=550812727#550812727Do you struggle to explain it?Yes. There is something about probabilistic thinking that seems to be fundamentally offensive to the human brain. Many people simply can't (or won't) grasp the fundamental concepts. My closest friend has known about whatFri, 06 Jan 2017 09:39:35 -0600What do you tell new people you meet about what you do for a living if they enquire? Mostly I keep my activities on here completely quiet. I also do something else and I don't want the people from that field to know about this one - also I don't wanthttps://community.betfair.com/general_betting/go/thread/view/94082/30760409/whats-the-problem-about-bots?post_id=550812225#550812225What do you tell new people you meet about what you do for a living if they enquire? Mostly I keep my activities on here completely quiet. I also do something else and I don't want the people from that field to know about this one - also I don't wantFri, 06 Jan 2017 08:09:58 -0600Aye Robot, What do you tell new people you meet about what you do for a living if they enquire? Do you struggle to explain it? Do you call yourself a professional gambler?https://community.betfair.com/general_betting/go/thread/view/94082/30760409/whats-the-problem-about-bots?post_id=550812027#550812027Aye Robot, What do you tell new people you meet about what you do for a living if they enquire? Do you struggle to explain it? Do you call yourself a professional gambler?Fri, 06 Jan 2017 07:35:09 -0600He's not a gambler. He's an arbitrager, that's something completely different. He's winning money from the fluctuations in markets, rather than actually taking an opinion on an event.https://community.betfair.com/general_betting/go/thread/view/94082/30760409/whats-the-problem-about-bots?post_id=550805569#550805569He's not a gambler. He's an arbitrager, that's something completely different. He's winning money from the fluctuations in markets, rather than actually taking an opinion on an event.Thu, 05 Jan 2017 14:52:35 -0600The bloke is totally honest about what he does. Just because he manages to do somethingthat most people can't doesn't make him a wrong 'un. If you could work out how, you'd copyhim in a heartbeat.Is he a gambler? Yes, but he puts the odds on his sidehttps://community.betfair.com/general_betting/go/thread/view/94082/30760409/whats-the-problem-about-bots?post_id=550804969#550804969The bloke is totally honest about what he does. Just because he manages to do somethingthat most people can't doesn't make him a wrong 'un. If you could work out how, you'd copyhim in a heartbeat.Is he a gambler? Yes, but he puts the odds on his sideThu, 05 Jan 2017 13:17:19 -0600I kind of agree with you fixed. As I said earlier, I don't think aye robot is a gambler at all.Problem is can we really complain about bot use on an automated betting website?https://community.betfair.com/general_betting/go/thread/view/94082/30760409/whats-the-problem-about-bots?post_id=550803017#550803017I kind of agree with you fixed. As I said earlier, I don't think aye robot is a gambler at all.Problem is can we really complain about bot use on an automated betting website?Thu, 05 Jan 2017 06:53:41 -0600