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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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Report d13phe February 9, 2010 12:25 PM GMT
premium charge going up NAP

why else would they have a Q&A session if it wasnt something controversial
Report brendanuk1 February 9, 2010 12:58 PM GMT
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?
Report Eddie the eagle February 9, 2010 1:00 PM GMT
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 ?
Report brendanuk1 February 9, 2010 1:04 PM GMT
not really, why would they?
Report Escapee February 9, 2010 1:08 PM GMT
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
Report Eddie the eagle February 9, 2010 1:10 PM GMT
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
Report CLYDEBANK29 February 9, 2010 1:12 PM GMT
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.
Report brendanuk1 February 9, 2010 1:14 PM GMT
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?
Report brendanuk1 February 9, 2010 1:16 PM GMT
Does it mention bots anywhere? Your agendas really are showing.
Report Feck N. Eejit February 9, 2010 1:17 PM GMT
That is a very hurtful post Escapee. I'm going to commit suicide now because of you. :-(
Report Eddie the eagle February 9, 2010 1:20 PM GMT
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.
Report brendanuk1 February 9, 2010 1:21 PM GMT
do you have a source for that or is it just made up?
Report Eddie the eagle February 9, 2010 1:22 PM GMT
The source for that is common sense.
Report brendanuk1 February 9, 2010 1:22 PM GMT
right
Report Dr Evil February 9, 2010 1:23 PM GMT
Feck: Knife, gun, poison? I think it should be kept a secret until after the deed's done :-).
Report Feck N. Eejit February 9, 2010 1:40 PM GMT
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.
Report I am the one and only223 February 9, 2010 2:09 PM GMT
If the number of transactions is becoming a problem, they could increase the transaction charge or reduce the 1000 bets threshold.
Report The Betfairy February 9, 2010 2:27 PM GMT
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.
Report The Betfairy February 9, 2010 2:30 PM GMT
* 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.
Report Moon Light February 9, 2010 3:41 PM GMT
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!
Report Treble_Underscore February 9, 2010 3:47 PM GMT
Moon light is spot on IMO
Report Norma Stitz February 12, 2010 7:28 PM GMT
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.
Report farraflash February 12, 2010 7:44 PM GMT
Is there a market for the Forum Q&A ?

I'm backing an increase/change in transaction fees due to user demand (Feck ).
Report Lozzy February 12, 2010 9:07 PM GMT
Bot users should be charged double commission.
Report Norma Stitz February 14, 2010 6:40 PM GMT
Feck is one argumentative sweatie female genitalia, but he is good news.
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