Let's hope BF start seeding early horse markets. That will be fun to watch.

winners here are very clever and make changes necessary as the market changes its behaviour. They are extremely good in picking momentum and patterns. Betfair thick employees working for 2k or less salary will never be able to replicate them.

Betfair will lose money instead of making in seeding. This is not as easy job as everyone thinks.

I am talking only about successful position takers and pro market odds readers.

You know all these things aa forgone conclusions u25K,or you are just guessing what will happen like the rest of us ?.
Btw you could turn out to be right, or you might not. How's that for fence sitting ?
Time will tell.

I can say confidently as I am one of those 40% pc payers. I tried to explain to many on their request what I do and how I do without any secrecy. They are clueless at the end of the day to understand the process. Moral of the story is Betfair employees can't replace successful punters in exchange model.

Bookies manage it by giving poor odds and banning winners.

Ofcourse betfair are indirectly doing the same by charging 40 to 60%

u25K
Maybe they're bringing in specialist outside gambling consultants to set all this up in the form of bots.
Could it least be theoretically doable iyo ?

they give poor odds. I don't think they will compete with us in giving fair odds.

u25K, thanks

I had a longer response but one of the many bugs in this forum trashed it.

The bugs being symptomatic of BF spending hardly any money on the exchange. The Purple place seems to spend more.

Froggie why do you pontificate on subjects you know nothing about?

Here's an exercise for you, calculate the revenue from the exchange and start with how much BF makes from account balance interest.

I am protected species :D

Have you now unblocked me pxb ?
Couldn't bear to continue to miss out on all the good stuff I post up  ?
Btw if your last question to me is relating to the hypothesis that BF's problem is more related to wasting its revenues on poorly conceived non exchange type sports betting operations, rather than about just having having revenues in sufficient size to run sports bettingoperations, then my response it could well be the case ?
But that is an entirely different point to that most commonly being expressed on here, that the PC is a pure short term money grap either to raise monies to be paid out in cash dividends to s/holders, or to boost the net earnings to increase the share price ( if the P/E multiple stays up where it is).

Also pxb, you seem to claim on here that not only you are an extremely successful gambler but also you have had an extremely successful past career in internet start up entities.
And yet you simultaneously declare that it has taken you 18 mths to get your betting bank up to AUD 1K ( is that circa BP 650 ?).
I am somewhat puzzled by that apparent basic dichotomy.
Wuld you care to enlighten me( us) on this ?

I can see and understand how BF cannot possibly make any money out of me and my type of punter, just on the standard commission structure.

I did a rough calculation and came up with an operating margin of close to 80% for the exchange.

They could run it profitably on interest from account balances alone.

As I said Froggie, you are a pompous tw@t.

Back on ignore.

Just like shooting fish in a barrel.
Not a sport I enjoy or take any satisfaction from.
Thank God there are many, many posters on here who give me back as good as I give out.
In many cases give me back more than I give out
I may be pompous, but I think pxb is a mite deluded.
But none of us are perfect.

Tbh I personally can't see the real benefits of this poster blocking facility.
Sure if someone is being constantly obscenely vile and obnoxious to you, it might be useful or even necessary.
But if someone is just being personally challenging ?
All sounds a bit wimpish to me .
Btw am I talking to anybody at all out there these days ?
Helloooo ! Anybody there ?
Not at this late hour probably, that's for sure.
No late night alcoholics and gamblerholics like me ?

" --but you can't actually read what was posted ?"

Betfair would be a long way from the world's largest Oracle database.

20 million transactions a day isn't that big in the world of big databases.

http://www.oracleisv.com/Portals/2/betfair_Database%20casestudy.pdf

UPS must be at least 1,000 times higher, although run on DB2.


Essentially anything botted BF could replace.

catfleppo
Date Joined: 22 Feb 07
Add contact | Send message
When: 14 Jul 11 08:21
Joined:
Date Joined: 22 Feb 07
| Topic/replies: 78 | Blogger: catfleppo's blog
u25k, if you think that betfair, operators of the worlds largest and most dynamic oracle database, don;t have the technical skills to look at the soap commands sent in from my excel spreadsheet, analyse them and reproduce what I am doing then you are as clueless as the staff you have reportedly encountered.

Sure they might be able to reverse engineer some of what we are doing. The question is, is it even worth their effort?

If someone was doing exactly what you are doing, would you not know how to throw a spanner in the works? For instance, if someone replicated my strategies, I could drive the margin down to zero, so that they wouldn't benefit.

This would require effort on my part, as I bet manually. If I was running bots though, it doesn't seem like a difficult thing to do.

I guess that for most successful botters it's true that if they sold their bots, they could render them useless by developing new bots that stop the old ones from working properly.

It's not a case of Betfair replicate our strategies and then they make money forever. It's a dynamic environment. Some of the things I do are just ridiculously simple. I believe that the rare talent that creates winners is not executing winning strategies, it's finding them in the first place, and being able to replace them when others cotton on.

That's what I believe u25k is referring to.

Betfair could render all bots uncompetitive simply by tweaking the data and transaction charges.  I'm not kidding myself that it's hard for them to replace me if they want.  Admittedly it may be hard for them to simulate all the bots together but they could pick them off one at a time.

I'm by no means sure they will do this even in the long term but it is certainly feasible.

Banned for calling financial fraudster scumming parasites financial fraudster scumming parasites. Truth hurts.