|
By:
We have a big arber on the block. The small arbers are doomed. I am going to look for a job.
|
|
By:
yes youre right Betfairy - provided there is money in the queue below your ask price you will get matched at that. But if there isnt (and there sometimes isnt) you will be matched by Betfair in full at the price you asked for. Which is why i borught up your football bet. Under the old system you would have a chance to get out of that bet if there was nobody laying. Under this new system the moment you hit the button you're doomed.
|
|
By:
if enough people complain then they will have to back down.
|
|
By:
in my case then all the layers took down their money at 1.13, 1.14, 1.15 and 1.16
that just didn't happen because the money was there on offer the instant my bet got matched it was there during submission, disappeared the nano-second my bet hit the system, then reappeared again the nano-second my bet got matched |
|
By:
You refresh every nano-second. No wonder Betfair is upset ;)
|
|
By:
Seriously, Robin and Marcus have described two different things. Marcus' experience is that you didn't get best execution, Robin's example (and mine) did.
|
|
By:
lol u should see my right index finger
the man marcus 07 Mar 10:23 now i find someone can see my bets before they hit the system someone has the ability to have exclusivity to that bet it's as if my 1.10 was going to get matched at 1.10 no matter what else was up |
|
By:
I don't think robin is describing best execution....
|
|
By:
The down side has been pointed out but there are some plusses to this system. OK, I lie, there is one plus to this system - that you will get matched if an overround/underround is created.
I can think of a good example where it would have been very much to my benefit. I had backed under 2.5 goals late in a match Arsenal were losing 2-0 a couple of months ago. I wanted to lay off at 1.01 but there was a big chuck waiting to lay at that price so I tohought I'd play it safe(r) and try to back over at 80. To my horror someone matched the big chunk at 1.01 and wanted plenty more but my 80 was still there 3 seconds later as Arsenal scored and I was well over 3k worse off. |
|
By:
Just for clairy, can I describe the following situation.
Runner A: 1.61, 1.62, 1.63 (all with, say 100) I place my bet for 1000 @ 1.55, which creates an overround when it hits the market in 5 seconds. At the point, Marcus says I will get only 1.55. Robin says I will get 100 @ 1.63, 100 @ 1.62, 100 @ 1.61, and up to 200 @ 1.55 (assuming there's enough money there's enough money in the overround on the other runners). Can't both be right. |
|
By:
man marcus, i play mainly the frames, games and leg betting, do u think it will creep into all sports? im always setting the mkt price in these forms of betting which is obviously fast moving, rarey do i push the back button. does that mean im ok as ive set my price and will only lay that price, just have to be careful of the hoovers?
|
|
By:
Robin is correct.
|
|
By:
Apart from you will get up to 700 at 1.55.
|
|
By:
with respect to marcus i think his situation is a bit of a different issue. Maybe something to do with refreshing or maybe the people were using fill or kill software.
Heres another example: team a: 2.58/3.00 team b: 1.64/1.65 Lets just say i tried to lay team a at 2.9 for 500. if there was no money at 2.9 i would still be matched at 2.9. Because Betfair would automatically take my bet and back the 1.64 at the same time making profit in the process. What surely should happen is that if i lay 2.9 i should automatically be matched at best price of backing 1.64 rather than laying 2.9. At the very least i should be able to cancel the 2.9 and go and take the 1.64 instead. |
|
By:
Betfairy, i'm saying that's what happened in my case - possibly the other lays were betfairs as well or spoof money, who knows
Cal, betfair bought this system into play on the exchange games to increase liquidity - that has never been a problem on in-running tennis markets - why guinea pig us and not say leg betting which needs the liquidity thesedays |
|
By:
EMAIL JUST RECIEVED FROM BETFAIR
The change you've noticed is that we've made the code that matches customer bets more efficient. Previously we would only attempt to match customer bet requests against unmatched bets of the opposing bet type (backs vs. lays) on the same runner in the same market. Where there is no opposing bet to match on the same selection, rather than just leaving a customer's bet request unmatched, bet matching will now attempt to match the bet request against unmatched bets on other runners e.g. in a soccer match odds market if there is no unmatched lay bet on the home team against which to match a customer's back bet request, the bet matching algorithm will now attempt to match that request against back bets on the away team and the draw. As before the process matches opposing customer bets and will not result in Betfair having a position in the market. The effect of this change is that customer bet requests will stand a greater chance of being matched and the markets will be correspondingly more efficient. We are gradually rolling this improvement out across all applicable markets on Betfair while ensuring there is no deterioration in bet matching performance Please do not hesitate to contact us if you have any further enquiries. |
|
By:
a need to know basis only it appears.
absolutely fecking shameful. hang your heads betfair. |
|
By:
Where there is no opposing bet to match on the same selection, rather than just leaving a customer's bet request unmatched, bet matching will now attempt to match the bet request against unmatched bets on other runners e.g. in a soccer match odds market if there is no unmatched lay bet on the home team against which to match a customer's back bet request, the bet matching algorithm will now attempt to match that request against back bets on the away team and the draw. As before the process matches opposing customer bets and will not result in Betfair having a position in the market.
Anyone actually believe this ?????? |
|
By:
Conveniently misses out the bit about pocketing the huge instant arb.
|
|
By:
My take on that is that when you insert a back into the market, if it sends the market overround should be telling you you have actually placed a lay on the other outcome/s but it doesnt, so in effect they are giving you false information
If i wanted to lay both outcomes i would, but If i place a back i expect to place a back, regardless or not whether it equals the same thing |
|
By:
(Sorry, yes 700, not 200.)
|
|
By:
If this was about matching bets theyd match when the lay side is 100% but they dont.
|
|
By:
If Betfair implemented this on Intra Financials surely they could make a mint from the city boys as that is an overround manipulators paradise?
|
|
By:
Anyone actually believe this ??????
No - looks like they've messed up the implementation. The examples described leave an unaccounted for profit. |
|
By:
As before the process matches opposing customer bets and will not result in Betfair having a position in the market.
This is specious. It suggests that BF don't have a position on the market but it fails to mention that they have generated a profit on the market by not matching at best price only at the price the punter requests. Unacceptable. |
|
By:
bot 15 Dec 13:54
Jd777, There are no Betfair robots running on the sports exchange. If there was one we'd announce it, just like we did with the exchange games one. change of policy i guess, gobsmacking |
|
By:
Exactly weatherman or god forbid telling porkies
|
|
By:
i just put in a back for davydenko for 2 at 1.6 just as an experiment when he was trading at 1.62. i got matched at 1.62. surely i should have got 1.6 if what has been said on here is correct?
|
|
By:
so we are playing against an in-running bot that is not subject to the 5 second delay
and it belongs to betfair how can that be allowed |
|
By:
As before the process matches opposing customer bets and will not result in Betfair having a position in the market.
Should we not cut them some slack and assume that this was the intention? |
|
By:
No, callataxi, it only kicks in if there is no money at the price requested and it creates an overround.
|
|
By:
By the way, after putting that email up, i wouldnt expect this thread to last that much longer
|
|
By:
why not?
because it discloses something which should have been disclosed weeks before they intended on implementing it? |
|
By:
What surely should happen is that if i lay 2.9 i should automatically be matched at best price of backing 1.64 rather than laying 2.9. At the very least i should be able to cancel the 2.9 and go and take the 1.64 instead.
What you've decirbied is best execution (aside from Marcus' experience). I'm not sure the above statement should happen. It would be nice if you got the best available price on the other runner. But it would also be nice if the other layer got your price. Betfair are abviously the man in the middle here, instead of the botters. The fact that this change has been made without wide pubic announcement is very naughty and could have cost people lots of money. |
|
By:
Pretty much yeah
|
|
By:
weatherman2004 07 Mar 11:46
As before the process matches opposing customer bets and will not result in Betfair having a position in the market. Should we not cut them some slack and assume that this was the intention? Or are they hiding behind "political speak". In my book getting a profit out of a market through overounds is having a position in the market. If they've just screwed up then they should stop running it immediately |
|
By:
will not result in Betfair having a position in the market.
This is true they have skimmed a profit at zero liability. |
|
By:
yes, but it's not "as before"
do we really think they'd hide behind semantics like that? this is potentially devastating for them |
|
By:
so it's a nigh-on certainty my bet was matched by betfair, without their interferance i wouldn't have been matched
this caused me to go all-red, how does that help |
|
By:
what will they do when i want to match a tennis player when he's about to lose a match and ask for back odds above 100?
will they lay it on the opposite player at 1.01? |