General Betting
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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?
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Replies: 39
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yes bet 3.65 or v c bet ( their normal risk) !
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I'm making a nice living at this.
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me to and until bf stop it i will continue in this free market.
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its me.....no wait i'm the 1p backer
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Why would you lay 1p ?
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If you lay 1p at short odds you can't lose but could win a penny.
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Not something that bf will allow to continue for long imo.
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Ive **ed them out of hundreds in com,over the years
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You dont do it manually, surely ?
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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.
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ttt
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I'm thick, i wondered how i kept losing all those pennies when the p and l should have been 0
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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. |
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Dead easy for BF to**if they could be bothered.
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Have you asked for a refund? What did Betfair say?
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How times have changed, i remember the days when it was a penny for the Guy at this time of year
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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. |
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working a strategy out probably
with pennies instead of pounds |
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if you look after the pennies the pounds will look after themselves
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Hope that one comes in for you Alex ;-) gl
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I confess. I did perform that transaction today.
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I thought minimum bet was £2
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Would somebody please be so kind as to explain how you can do these 1p lays to no liability?
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How much did you make Kohaku- and seriously was it worth it?
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Ditto!
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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. |
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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
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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!
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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. |
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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 |
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I remember that magician.
She just layed 0.01p at 1.49 didnt she? |
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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 |
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Having this happen to me today. 1p at 1.49 again and again. First time I've noticed it.
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sounds all a bit richard prioresque out of the superman movie!
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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. |
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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 |
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I made a big thing about it probably five or six years a go. Good to see that nothing's changed...
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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 |
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They often appear on the USA horseracing Place markets,
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