|
By:
Spot on Eldrick!!! i knew there where some sensible people on here!!
|
|
By:
Scoop, what do you do during the week if you only go racing at weekends, mug old grannies?
|
|
By:
There is no difference Eldrick. If you think there is, tell me what it is.
PS Betfair claim to be a bookmaker. The fact they'll only take a bet if they can get a guaranteed win out of it is irrelevant. |
|
By:
What exactly are you trying to achieve Feck ?
Frames, I made it perfectly clear what my aims were in an earlier post but I'll spell them out for you seeing as you seem a bit slow. Get rid of the **s and the threat of taxation is removed. It will also be easier for betfair to hang on to clients who may well still lose but in a slower, less unsavoury fashion. Who knows, if they had done it sooner maybe we would all have been spared the pc - another bar to attracting new customers. |
|
By:
The "threat of taxation" - more mindless scaremongering from the embittered one.
|
|
By:
It will also be easier for betfair to hang on to clients who may well still lose but in a slower, less unsavoury fashion.
that means losing to feck :) |
|
By:
Mug old ladies are you real!!!!
I do lots of charity work throughout the summer for numerous organisations which i find really satisfying. I am not much of a flat man, as you dont get many fallers. And when i am not doing that i go to my villa in spain with my wife and kids. Plus i have got a very successful business selling tips to mug punters like you ..Lol show me the money |
|
By:
Feck, do you regard those that win by betting using a time advantage as winning by unsavoury means?
|
|
By:
imo there are some big potential problems, particularly with US based events.
I was looking at some betting on a big race last year, one that Big Brown won but I can't remember which one it was, and it seemed that the timing of the suspend coincided with the televised start of the race, but TV was on a five minute delay for contractual reasons. That's extreme, but having been to a couple of US tracks, it really wouldn't take much to set up a 3G connection via a UK based VPN tunnel, you'd be well ahead of the pictures. No-one in the US is betting via Betfair because you can't operate the site from a US ISP, so you'd be up against UK punters on the satellite pictures. It's only really the lack of liquidity that probably makes this uneconomic, but you could easily extend the idea to tennis or something and have a significant edge. Not just betfair either, a lot of bookies are now operating streaming services with attached betting, and they're a step ahead of their punters. |
|
By:
i'm surprised that you have time to post on the forum scoop6winner between going to the races everyday, running your tipping line and heading off to the spanish villa with the wife and 3 kids. oh, and all your charity work as well. and to think that you manage to win £82k every 3 years as well!! who said it can't be done. you're an aspiration for all of us - lol!
|
|
By:
A valid point that has only just been skated on really.
The books abuse the potential pitfalls of inrunning far greater than any MMs on here do. Operating within the framework, whilst feck may frown on it, is at least operating within a playing field of sorts - no, its not level, but on here you don't get the following: 30 seconds plus to be told whether a bet is accepted or rejected (can extend into longer, even 2 minute cases have been reported) - and inevitably if things go against you the bet was accepted - if they go for you it was rejected. Feck might argue that this DOES happen - but not to the same extent. But these books still have plenty of in-running punters who choose them ABOVE betfair, despite these shocking practices. Of course, at most of them you have to be a mug (or at least profiled as one) to even get a bet on anyway! My point really is that any challenge needs to be levelled on an industry-wide, not at betfair, basis. Whilst the platform and information used might not be deemed fair - its still better (fairness-wise) than most if not all of the competitors. |
|
By:
I was thinking that myself simpleton, i have found this thread to be rather intresting seeing as any change within the industry could effect my business, i was only giving you the view from my side of the fence i dont need to justify myself to anyone so i just put a few people straight.
Whos the winner!!!!i will leave it at that..... |
|
By:
The "threat of taxation" - more mindless scaremongering from the embittered one.
More cringeworthy, crowd pleasing crawling from the bouncy castle one. Feck, do you regard those that win by betting using a time advantage as winning by unsavoury means? frog, yes, but I don't blame them for doing it, nor am I moralising about it. Treble, I agree but I don't think two wrongs make a right. Besides, the bookmakers are ripping off people on their own behalf whereas betfair are setting customers up to be ripped off by other customers. Where's the logic in that? |
|
By:
Y A W N ........................ zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Same old faces, bleating about same old things. If u dont like it, dont bet. If u do like it, pay the 60 quid to a racecourse. End of. |
|
By:
Borrowed Time 15 Nov 11:03
Y A W N ........................ zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz Same old faces, bleating about same old things Anybody would think they have an agenda....... |
|
By:
true if they would make an internet stream close to in-line, that would not only help the punters but also betfair for the reasons you stated in the opening post.
|
|
By:
I dont see it possible for everyone at home, on the internet or at the course to have exactly the same feed to live horse racing, so the problem will always be with us. Betfair do clearly state this on the betting page, whether they can add more info I am not sure.
Now that fallers/unseated cant remount perhaps betfair could press a button to retrospectively void bets on that horse, but because they have not addressed 0-0 correct scores when a goal is scored I doubt they have much incentive to change anything. Likewise to remove the crucial time advantage they could if they wanted suspend inrunning betting in the final furlong or two, but that might spoil the fun for many. As stated above, play if you want; but if on checking your p/l you are a loser at inrunning then DONT PLAY. |
|
By:
If u dont like it, dont bet
"same old" is exactly what the above is and the fact that a lot of people don't like it and end up not betting is exactly my point (well that and the inevitable taxation). |
|
By:
Feck if people dont bet then betfair might do something. The one advantage all punters have is the ability not to bet.
|
|
By:
Feck N. Eejit 14 Nov 16:36
Do you really want to go on record as saying the ir market maker advantage doesn't exist Eldrick? If a bookmaker buried the words "requests for online ir bets will be responded to withiin 10 minutes and accepted or rejected at our discretion" would that make them waiting 10 minutes be fair? If you answer yes then you're a clown. If you answer no then tell me at what time interval it does become fair. I know this thread is pretty much about horse racing which I know nothing about, but the above got me thinking. If there really was a 10 minute delay (on a football match say), it would mean that when you offer a bet, you should make an estimate of what the odds will be in 10 minutes, rather than what they are now, otherwise you will not be in the front of the queue. Doesn't this whole 'market maker advantage' only apply to low liquidity events anyway? If you put bad prices up, someone will outbid you before you even cancel your bet. |
|
By:
They say they already have done something hazel. They're supposedly using the pc to replenish the stock of marks. I'm saying, long run, wouldn't they be better hanging on to the marks they've already got and removing the threat of taxation by doing away with the artificially created glut of 'professionals'. I don't think betfair are thinking long run though. I suspect many of them don't care what happens beyond the float.
|
|
By:
Feck I take your point about the float, which I am thinking could be around the time of the world cup. As for your worry on taxation, I dont think it would be a bad idea for the gambling commission to insist that all those who bet from terminals on course should be licensed.
|
|
By:
Hazel, re the :
Now that fallers/unseated cant remount perhaps betfair could press a button to retrospectively void bets on that horse, but because they have not addressed 0-0 correct scores when a goal is scored I doubt they have much incentive to change anything. They may have to, i am sure the gambling commission had an objective to make betting fair. To this end, laying a faller is a void bet. If it cant win it is no longer a bet. This is regardless of what in running players on here want. Betfair is not above the remits of the law, and in running punters who want no regualtion have no case. I suggest if a few cases of bets taken when a horse had fallen is taken now through any gambling body THEY MUST SETTLE AS VOID. Anyting else and the commission is in breach, surely. |
|
By:
Doesn't this whole 'market maker advantage' only apply to low liquidity events anyway? If you put bad prices up, someone will outbid you before you even cancel your bet.
Investor, In an A v B situation (a tennis game e.g.) you want to be at the head of the queue to back A and the head of the queue to lay A (I'm assuming the cross matching bot takes care of the B alternatives) just as the actual play for a point starts. At any point during play, if one of those two bets looks bad value you cancel it and hope the good value bet is taken. e.g. A serves an ace. You cancel your lay of A but not your back of A. Suppose before the ace is served backer X attempts to match your lay of A and backer Y attempts to match your back of A. X is disappointed because by the time his bet reaches the queue your lay of A is long cancelled. Poor Y though. His lay of A is matched despite seeing A serve an ace 5 seconds before his bet hits the queue and is matched. |
|
By:
I also suggest that anyone who wishes to take further action against a bet settled clearly after the end of the race could also insist on a refund of bets taken after the official finish.
Certainly could get messy, but by law through the commission, if your bet cant win then there is no bet. In running punters myself included, operate by Betfairs code of when they suspend and start a race, and that pictures arent live. Its effectively a Betfair self regulation, but there are so many things that should be regulated, ie the official finish, and laying fallers. Any in runner, will moan like hell about if you dont like it dont play, but that doesnt wash with what has been set out in the commission. It just appears to me people wouldnt moan about trying to get money back on a faller. Maybe because they think it would be hard to prove, but instead it should be on Betfair to prove it was still on its feet. For me the sh*t could really hit the fan if it was taken in a constructive argument to the commission or to MPs to act upon, but who will do it. |
|
By:
PS Investor. I can't be bothered going into all the possibilities involved with that strategy. Suffice to say that, provided you cancel any bet as soon as they become bad value the strategy is a winning one. There will be cases where the value bet is already matched before you can cancel but overall you'll end up with more positive value bets than negative value bets (if both are taken you've got a winning trade). At the next point you adapt your stakes to take into account what happened at the previous point to effectively close out the previous point bets.
X & Y are the fall guys in this. Never bet in tennis except at neutral points. |
|
By:
Sorry, forgot to say it doesn't have to be a low liquidity event. It's all about being at the head of the queue. All the better if you know what the odds should be but if you don't then do what most of the 'experts' on here do - i.e. copy.
|
|
By:
thurnscoe i take your point. "dont like it dont play" was my suggestion to the current state of affairs. As for who will take up the point of fallers, magician/frog may have already had a go but I think that come the election of a Tory government, whose sports minister is already getting involved with strong lobbying from the big 4, we may see some significant changes. It needs someone in government probably to kick the gambling commission into action on fallers and 0-0 correct scores etc.
|
|
By:
gl Scoop dont let these mugs grind you down ..
|
|
By:
I think the sloution is not to meddle with delays, but rather just search betting records for people who lay horses that have fallen and give them a warning.
|
|
By:
Taxation of betting is another subject, but it certainly is possible via the same method (turnover) as was used in the 1960s and 1970s on bets accepted from UK residents wherever the bookie lives. As the US has shown, legislation can reach offshore bookmakers without too much trouble, and the big UK bookies would probably fall into line rather than risk punitive taxation on their shops.
The idea you can't tax betting because losses would have to be taken into account is nonsense really. It's a sales tax, not an income tax. On in running, people will take punts on slow pictures, and sometimes they'll win, sometimes they'll lose. The bets you can't win are relatively few and far between, but IR on jumps racing is obviously risky, and I'd say tennis would be up there too. |
|
By:
are you back tim or on gardening leave?
|
|
By:
Why dont BF just pay the racecourses so they can send Flash pics on the net. Problem solved for all.
|
|
By:
I am surprised that The Magican has nothing to say about the new development re:fallers. Off all the people on Betfair he is the prime candiate to contest it.
|
|
By:
because theres nothing actually substantial in your 3 'happenings', frog
|
|
By:
Is it possible to bet in-play on the next goal during a football match staying in the stadium?
Which is the delay in the football matches? |
|
By:
this for me is what could cause the downfall of in play betting.
If faller is laid after it has fallen then it has to be a void bet because of the rule change. If the rules say that a horse cannot remount then it is a bet that cannot be won. This could bring the whole house of cards crashing down. |
|
By:
What about comparing it to the TV phone ins where callers couldn't win wasn't that stopped by OFCOm or whatever its called. Immediately the horse falls BF should cancel all bets on that horse
|
|
By:
Is it possible to bet in-play on the next goal during a football match staying in the stadium?
Which is the delay in the football matches? Depends on how you're watching it. Terrestial TV and analogue radio is almost instant, satellite TV has a 3 or 4 second delay, Freeview has something similar, streamed video can have much more. |
|
By:
hazel 15 Nov 13:36
Feck I take your point about the float, which I am thinking could be around the time of the world cup. As for your worry on taxation, I dont think it would be a bad idea for the gambling commission to insist that all those who bet from terminals on course should be licensed. Would be a small step in the right direction. |