General Betting
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04 Jan 10
17:32
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07 Nov 09
why use bf with the 20% premium charge?
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Replies: 85
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80% of something is better than 95% of nothing
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Parasites require a host.
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eh?
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Cause you cannot get on bets large or small .. with the so called big 3 .
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why not?
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master why not ....... cause we win ..thats why not .....
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what so other firms ban you from betting with them?
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because other exchanges have virtually no liquidity by comparison.
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Feck , have you started thinking that everyone paying PC are parasites now or do you consider the opinionless traders to be big players ?
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Almost everyone regularly paying it are indulging in parasitic activities. If they are big they are almost certainly indulging in parasitic activities.
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Nice to know that one are considered to be a parasite by such a higly respected forum contributor as Mr Eejit.
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I didn't say all. I've no idea of your circumstances but what I said above is accurate.
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what a bitter** you are feck
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^^ true but dont go Feck I have been living of punters like you for years long may it continue yippee
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I've got to call it the way I see it dlard.
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im young and only bet for fun, can someone plz explain his hostility towards people paying PC?
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not your not calling it they way you see it, any1 who makes money but doesn't fit into your ideals is a parasite = bitter
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Feck is jealous of parasites, very sad indeed
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God love you all. City boy wanabees.
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Feck,
You're right in a sense, of course. Betfair is a slightly less than zero sum game, therefore all of the winners on here are parasitic upon the losers. You seem to suggest, though, that the reasons why we win are somehow ignoble. The fact is that most consistent winners are either very clever, very hard-working, or very ballsy - all quite noble qualities. If it was easy to make money by underhand means, then everyone would be doing it. |
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That is your problem Feck , you only look at things from your position.
I'll admit that I somehow agree with you on your wiev on the opinionless momentum traders , but they are probably not the ones paying most PC. Didn't you too have to pay PC at one time , if so you reaaly should be able to see that many people on here get caught without being in those categories that you seem to hate so much. |
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Contrarian, fast pics and utilising the market maker advantage are effectively **ing and most trading requires information supplied by gamblers. Take away that information, speed advantages and insider information and there would be no need for a premium charge. It's also only a matter of time before this glut of 'professionals' brings a government tax down on all our heads. I could live with the tax but not the decimation of liquidity it will bring about.
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I am able to se it Eddie but such people are few and far between particularly where regular (and I did use that word) pc paying is concerned.
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BTW, what is a 'market maker advantage'?
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Don't set him off.
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contrarian, it will probably form part of the panorama expose. That's another liquidity decimator we've got to look forward to. People **ing their way to millions, issue already raised in parliament and a wined and dined gambling commission that are supposed to enforce fairness in gambling sanctioning the whole thing. With enemies of exchanges everywhere how can it not happen?
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Feck, can you just explain what you mean?
I understand what a market maker advantage is in an exchange which has designated 'specialist' market makers representing the various products traded (e.g. on the LSE); but I fail to see what it is on Betfair. I make markets all the time on here. Do I have some sort of advantage not available to others? |
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Not only is Feck bitter.
Not only is he paranoid. But he focuses too much on what others are up to. And he speaks in riddles :^0 |
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Contrarian,
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 layer 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. 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. If you use the above strategy while watching for overreactions (e.g. only laying the one that's being overbet) then you'll be getting free money. |
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It's all about putting up bets at neutral points and hoping someone attempts to take them during play. You've then got 8 secs (or whatever the bet placement delay is) to cancel while anyone attempting to take your bet is unable to cancel until the countdown is finished. It's akin to them phoning a bookie an ir bet knowing the bookie has 8 secs to decide whether he wants the bet or not.
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And of course hoping that no-one is better at pricing than you and takes out the whole side of your bet that is value.
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feck n eejit by name feck n eejit by nature.......................... sorry couldnt resist :(
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Ok, fair enough Feck, but this is, of course, a perfectly legitimate way of operating open to anyone. (Although, admittedly, unless your pictures are reasonably fast, you'll never get to the front of the queue).
Also, to some extent it misrepresents the way that almost all sports are actually traded. In tennis, for example, unless the point is a particularly irrelevant one (e.g. server is 4-0 up in the set and 40-0 up in the game), there is more of a difference between what the true odds should be if A wins the point and what they should be if B wins the point, than there is between the bid and offer on the exchange at the time the point is taking place. So, for example, it might be that the odds if A wins should move to 1.3 and if B wins to 1.37, and that the market during the point is 1.34/1.35. This means that the market maker you described can easily lose out (if someone correctly guesses that A wins the point, say, backs 1.34, and the market then moves to 1.3). As I said before, if it was that easy, everyone would be doing it. |
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Tennis game betting Contrarian. Flies-round-sh1te.
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In fact any sport where there are many odds changing definitive events that don't cause suspensions - flies-round-sh1te. The often huge liquidity on such events is based around the house **.
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There again, maybe blue eyes and the master are right. I'm just a nut job and this country was truly awash with sleeping odds experts (ir only of course) on obscore sports awaiting the arrival of betfair.
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*obscure
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Ok, fair enough Feck, but this is, of course, a perfectly legitimate way of operating open to anyone.
As (supposedly) are course trading shops. Is it OK to steal your neighbour's hub caps because he also has the opportunity to steal someone else's. |
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Feck,
My point applies just as much to tennis game betting. To the extent that the markets are liquid, the bid/offer prices will tend to be between the fair price for A winning the point and the fair price for B winning the point. As I said (twice), if it were that easy, everyone (including you!) would be doing it. |