Forums

General Betting

There is currently 1 person viewing this thread.
Apple Pie
04 Jan 07 02:12
Joined:
Date Joined: 15 Sep 03
| Topic/replies: 26 | Blogger: Apple Pie's blog
Trading the Sugar Bowl right now and am getting hundreds of 1p lays. Whats the advantage of this? Is somebody trying some sort of bypass for commission?

Post your reply

Text Format: Table: Smilies:
Forum does not support HTML
Insert Photo
Cancel
sort by:
Show
per page
Replies: 39
By:
kneecaps
When: 04 Jan 07 09:17
yes bet 3.65 or v c bet ( their normal risk) !
By:
kohaku
When: 04 Jan 07 09:23
I'm making a nice living at this.
By:
ratpack3
When: 04 Jan 07 12:07
me to and until bf stop it i will continue in this free market.
By:
takethestand
When: 04 Jan 07 12:45
its me.....no wait i'm the 1p backer
By:
Corky
When: 04 Jan 07 16:51
Why would you lay 1p ?
By:
pumpkinslayer
When: 04 Jan 07 17:57
If you lay 1p at short odds you can't lose but could win a penny.
By:
catflappo
When: 04 Jan 07 18:42
Not something that bf will allow to continue for long imo.
By:
kohaku
When: 04 Jan 07 20:02
Ive **ed them out of hundreds in com,over the years
By:
Corky
When: 06 Jan 07 05:43
You dont do it manually, surely ?
By:
unsportingindex
When: 06 Jan 07 06:43
No,its done in one big wave and BF seem to do little about it.By getting the 1p's given you make a loss.
By:
heynoodles
When: 05 Nov 09 09:32
ttt
By:
buzzer
When: 05 Nov 09 11:31
I'm thick, i wondered how i kept losing all those pennies when the p and l should have been 0
By:
Get On MASSIVE
When: 05 Nov 09 11:43
I complained to Betfair about it about 18 months a go that I was getting about 20p matched per tennis match by someone laying the odds on shot for 1p at a time.

As pumpkinslayer said every time this happens you have a 1p liability for zero profit and obviously the layer has the reverse book. If you had a bot that done this for you then a risk free three figure sum could be made every week.
By:
quietgenius
When: 05 Nov 09 13:14
Dead easy for BF to**if they could be bothered.
By:
disturbed
When: 05 Nov 09 14:22
Have you asked for a refund? What did Betfair say?
By:
ewood
When: 05 Nov 09 14:37
How times have changed, i remember the days when it was a penny for the Guy at this time of year
By:
Alex the old wrinkled retainer
When: 05 Nov 09 15:25
I am not so worried about these 1p bets. These 0.00 bets totally confuse me:


Fixtures 05 November / Everton v Benfica / First Half Goals Over 1.5 Goals Lay 9367859734 05-Nov-09
15:24 3.2 0.00 05-Nov-09 16:13 ...





Work that one out.
By:
ZEALOT
When: 05 Nov 09 15:38
working a strategy out probably
with pennies instead of pounds
By:
know all
When: 05 Nov 09 15:47
if you look after the pennies the pounds will look after themselves
By:
Hopeless bettor
When: 05 Nov 09 17:12
Hope that one comes in for you Alex ;-) gl
By:
kohaku
When: 05 Nov 09 17:28
I confess. I did perform that transaction today.
By:
batman50
When: 05 Nov 09 17:55
I thought minimum bet was £2
By:
DaveEdwards
When: 05 Nov 09 18:05
Would somebody please be so kind as to explain how you can do these 1p lays to no liability?
By:
aye robot
When: 05 Nov 09 18:06
How much did you make Kohaku- and seriously was it worth it?
By:
Flutter_kid
When: 05 Nov 09 18:06
Ditto!
By:
aye robot
When: 05 Nov 09 18:08
Dave- If you lay at 1.4 (for example) your liability is 0.4p. Supposedly (I've never tried) betfair round this down, so you either win a penny or lose nothing.

God knows what kind of moron actually does this.
By:
DaveEdwards
When: 05 Nov 09 18:19
thx robot. I have to admit accumulating a load of 1ps isn't really a part of my strategy. One thousand transactions to win £10? Hahahaha
By:
Flutter_kid
When: 05 Nov 09 18:22
But why not stick a bot on this and switch to it when there's nothing else doing? Eg while you're sleeping, eating,**ed (guess!) or simply waiting for a match/race!
By:
aye robot
When: 05 Nov 09 18:24
Depending on the odds you use it would be more like 10-20,000 transactions-

Each bet needs three transactions and they don't all win (or even match).

Since betfair charge you if you go over 1000 transactions in an hour this is a very hard way to get rich.
By:
The Magician (100)
When: 05 Nov 09 20:27
do some google searches...

I read an online aritcle years ago about a woman, that claimed tho do this on betfair and make a few hundred pounds per week

assumed if true was shut down - but maybe not
By:
Jimbo747
When: 05 Nov 09 20:42
I remember that magician.

She just layed 0.01p at 1.49 didnt she?
By:
The Magician (100)
When: 05 Nov 09 20:49
yes.... and had all loses rounded down

apparently.

cant find the blog or article now.... I was deep in some research when I found it - so no way to get back to it.

I recall she was a American Woman actually
By:
jabfin
When: 06 Nov 09 14:07
Having this happen to me today. 1p at 1.49 again and again. First time I've noticed it.
By:
Haslam
When: 06 Nov 09 14:28
sounds all a bit richard prioresque out of the superman movie!
By:
1.01 Layer
When: 06 Nov 09 14:42
I usually report it to bf, when I see it and they always assure me that they take minimum bet and rounding abuse very seriously.

From what I gather, their integrity team like to be informed so they can identify the account and warn them that repeated abuse will lead to their account being closed.

But then bf are skimming money out of the markets with their cross matching software, so it's a bit rich them expecting users to be whiter than white, while they aren't even up front about their own skimming.

Caveat emptor, innit.
By:
Pounf
When: 06 Nov 09 15:16
I remember a pal telling me about punters who bet 8/15s and 4/7s at 1p a time on the internet so that they get even money as theyre rounded up !!

Hard to believe
By:
Latalomne
When: 06 Nov 09 15:48
I made a big thing about it probably five or six years a go. Good to see that nothing's changed...
By:
heynoodles
When: 06 Nov 09 17:58
Guildenstern 1.21 £33.30 £6.99
Ref: Bet matched:

1.25 £16.70 £4.18
Ref: Bet matched:

1.31 £38.30 £11.87
Ref: Bet matched:

1.32 £2.69 £0.86
Ref: Bet matched:

1.49 £0.01 £0.00
By:
sidthekid
When: 07 Nov 09 14:52
They often appear on the USA horseracing Place markets,
sort by:
Show
per page

Post your reply

Text Format: Table: Smilies:
Forum does not support HTML
Insert Photo
Cancel
‹ back to topics
www.betfair.com