General Betting
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Basically the question is.....
I want to place a £1 bet @ 1000.
The usual technique is to obviously place a £2 bet @ @ 1000, increment it by £1 and then cancel the original £2 bet.
However, the problem is that there is already a big chunk of money waiting for my bet i.e. There is someone already trying to LAY some money @ 1000.
So in theory, I cannot see how it can be done......
However, I know that it can be done.
e.g. Looking at the Newcaster/Sheff Utd CORRECT SCORE market at the moment.
The last trade on the 0-3 market is 1000 but it is for a sum of less than £2 since it does NOT register on the BetFair History.
It is a known fact that as soon as Newcastle equalised a bot would have submitted a lay trade in for the 0-3 scoreline so no one would have been able to get their BACK trade in AND adjusted BEFORE the bot had placed its bet....
I have seen this consistently happen all the time....
How can it be done....?
Thanks.
I want to place a £1 bet @ 1000.
The usual technique is to obviously place a £2 bet @ @ 1000, increment it by £1 and then cancel the original £2 bet.
However, the problem is that there is already a big chunk of money waiting for my bet i.e. There is someone already trying to LAY some money @ 1000.
So in theory, I cannot see how it can be done......
However, I know that it can be done.
e.g. Looking at the Newcaster/Sheff Utd CORRECT SCORE market at the moment.
The last trade on the 0-3 market is 1000 but it is for a sum of less than £2 since it does NOT register on the BetFair History.
It is a known fact that as soon as Newcastle equalised a bot would have submitted a lay trade in for the 0-3 scoreline so no one would have been able to get their BACK trade in AND adjusted BEFORE the bot had placed its bet....
I have seen this consistently happen all the time....
How can it be done....?
Thanks.
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13.07.2000 and punting in £1s
let that be a lesson to all you newbies imo
let that be a lesson to all you newbies imo
That is what I thought "Rocket to the face"....
But take a look at the 0-3 market for Newcastle/Sheff Utd match and you will see the last trade @ 1000 for £2
But take a look at the 0-3 market for Newcastle/Sheff Utd match and you will see the last trade @ 1000 for £2
you can have less than 2 pounds matched.
you can't place a bet of less than two pounds.
as far as i know?
you can't place a bet of less than two pounds.
as far as i know?
It's betfair cross matching.
If the market is 2.0, 2.0 and 1000 for an event and someone asks for 2.00001 (not possible, just making the example easy), betfair can give them it by arranging the 2.0s and 1000s lays
If the market is 2.0, 2.0 and 1000 for an event and someone asks for 2.00001 (not possible, just making the example easy), betfair can give them it by arranging the 2.0s and 1000s lays
Deltâ 05 Apr 20:51
13.07.2000 and punting in £1s
let that be a lesson to all you newbies imo
And someone had still taken his first choice username :|
13.07.2000 and punting in £1s
let that be a lesson to all you newbies imo
And someone had still taken his first choice username :|
Lori, I don't understand your explanation, how does cross matching come into it when the backer wants to back 10p at 1000.0 (to free up liability on a dead score) and 1000.0 is the current back price? Obviously he'll be matched for £2 at 1000.0 (as the software places £2, adds 10p then cancels the £2) but the OP is saying that somehow some people are being matched for just the10p.
I may have answered a question i invented rather than the one he actually wrote in fairness but it's the same answer:
Someone betting 10p isn't someone betting 10p at all, there are two (that spring to mind, and likely more ) ways that you can try to lay evens for £2 and get 10p matched
1: Someone bets £3, someone has £2.90 ahead of you in the queue.
2: you're laying a price and someone tries to back a different price where you end up contributing 10p to the cross matching (and the rest of the lays contribute the rest to make up their bet)
Someone betting 10p isn't someone betting 10p at all, there are two (that spring to mind, and likely more ) ways that you can try to lay evens for £2 and get 10p matched
1: Someone bets £3, someone has £2.90 ahead of you in the queue.
2: you're laying a price and someone tries to back a different price where you end up contributing 10p to the cross matching (and the rest of the lays contribute the rest to make up their bet)
So what I'm saying is someone's betting £2 at a price somewhere, but the cross matching is taking two (or more in some markets) lays to make up his bet, 10p from one, 50p from another, £1.40 from another etc.
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