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Feck N. Eejit
09 Feb 10 12:23
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Date Joined: 10 Jan 02
| Topic/replies: 8,841 | Blogger: Feck N. Eejit's blog
Our system has become hugely complex and now processes more transactions than all of the stock exchanges in Europe combined.

99% of the requests the system will be dealing with will come from parasites whose ping-pong trades wouldn't even be missed. It's like the NHS boasting it treats more hypochondriacs than the rest of Europe treats sick people. A series of price auctions would use a fraction of the other 1% and see more money matched.

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Replies: 25
By:
d13phe
When: 09 Feb 10 12:25
premium charge going up NAP

why else would they have a Q&A session if it wasnt something controversial
By:
brendanuk1
When: 09 Feb 10 12:58
99% of the requests the system will be dealing with will come from parasites whose ping-pong trades wouldn't even be missed

Do you have a source for this or are you just making it up?
By:
Eddie the eagle
When: 09 Feb 10 13:00
It suits his agenda !
That said surely those bots firing requests and bets in at a rate of thousands every hour must have some impact on the site ?
By:
brendanuk1
When: 09 Feb 10 13:04
not really, why would they?
By:
Escapee
When: 09 Feb 10 13:08
FECKNIDIOT..... "A series of price auctions would use a fraction of the other 1% and see more money matched."


Why don't you fecknfoff and start your own site with this if you thinks its such a good idea ?


As for you banging on about parasites again.... wasn't it you who was complaining to couldn't
access betfairs historical data because you had less than 100 points.... I.E. You don't bet and you want to parasite off betfairs data....

wawawawawa
By:
Eddie the eagle
When: 09 Feb 10 13:10
brendanuk1 , maybe because this was a part of Betfair's apology in the service section today :

As we have grown, we have had to continuously change our infrastructure to deliver enough capacity to cope with the increasing bet volumes and site traffic. Our system has become hugely complex and now processes more transactions than all of the stock exchanges in Europe combined
By:
CLYDEBANK29
When: 09 Feb 10 13:12
Because this quote implies it does ......."Our system has become hugely complex and now processes more transactions than all of the stock exchanges in Europe combined."

They'll never ban bots unfortunately. No point fighting a war that cant be won.
By:
brendanuk1
When: 09 Feb 10 13:14
99% of the requests the system will be dealing with will come from parasites whose ping-pong trades wouldn't even be missed

Do you have a source for this or are you just making it up?
By:
brendanuk1
When: 09 Feb 10 13:16
Does it mention bots anywhere? Your agendas really are showing.
By:
Feck N. Eejit
When: 09 Feb 10 13:17
That is a very hurtful post Escapee. I'm going to commit suicide now because of you. :-(
By:
Eddie the eagle
When: 09 Feb 10 13:20
It doesn't mention bots , but I think it's very obvious that bots are a huge part of that increase in bets placed and site traffic part.
By:
brendanuk1
When: 09 Feb 10 13:21
do you have a source for that or is it just made up?
By:
Eddie the eagle
When: 09 Feb 10 13:22
The source for that is common sense.
By:
brendanuk1
When: 09 Feb 10 13:22
right
By:
Dr Evil
When: 09 Feb 10 13:23
Feck: Knife, gun, poison? I think it should be kept a secret until after the deed's done :-).
By:
Feck N. Eejit
When: 09 Feb 10 13:40
I can tell you, you're a doctor. I'm going to manually trade for 4 hours. Surely I will die of boredom if not shame.
By:
I am the one and only223
When: 09 Feb 10 14:09
If the number of transactions is becoming a problem, they could increase the transaction charge or reduce the 1000 bets threshold.
By:
The Betfairy
When: 09 Feb 10 14:27
If the number of transactions is becoming a problem, they could increase the transaction charge or reduce the 1000 bets threshold.

Totally agree with this. It's become apparent over the last couple of years that more and more people are monitor more and more markets and decreasingly short intervals in order to find specific opportunities.

Surely the majority of customer cannot be made to suffer because of this growing trend. It seems completely illogical that Betfair would pander to this kind of activity which can offer no real value to other customers.

Whilst I don't agree with everything Feck says about traders not supplying liquidity (I believe they do), there are some activities which give ZERO benefit but consume HUGE resources. That cannot be fair, nor good for Betfair in the long term.
By:
The Betfairy
When: 09 Feb 10 14:30
* It's become apparent over the last couple of years that more and more people are monitoring more and more markets at decreasingly short intervals in order to find specific opportunities.
By:
Moon Light
When: 09 Feb 10 15:41
It's become apparent over the last couple of years that more and more people are monitoring more and more markets at decreasingly short intervals in order to find specific opportunities.

Couldn't agree. Markets less dynamic than they were a few years ago.
The transaction charge is harming liquidity in the off-peak markets as it applies across the board.
I agree they should throttle the API to get rid of the HFT boys, whose demented refresh rates benefit no-one. But they have chosen to charge them instead.

Charging the market makers for putting money up is very misguided. Other sites pay them to do this!
By:
Treble_Underscore
When: 09 Feb 10 15:47
Moon light is spot on IMO
By:
Norma Stitz
When: 12 Feb 10 19:28
99% of the requests the system will be dealing with will come from parasites whose ping-pong trades wouldn't even be missed. It's like the NHS boasting it treats more hypochondriacs than the rest of Europe treats sick people. A series of price auctions would use a fraction of the other 1% and see more money matched.

Jeezz Feck, you've got my brain hurting. Keep batting. Mind how you go.
By:
farraflash
When: 12 Feb 10 19:44
Is there a market for the Forum Q&A ?

I'm backing an increase/change in transaction fees due to user demand (Feck ).
By:
Lozzy
When: 12 Feb 10 21:07
Bot users should be charged double commission.
By:
Norma Stitz
When: 14 Feb 10 18:40
Feck is one argumentative sweatie female genitalia, but he is good news.
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