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Liquid Purple

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Replies: 113
By:
callataxi
When: 23 Jul 11 21:44
have moved over to purple after many yrs on betfair.

been playing on the darts and a bit of tennis and although yes there are gaps in

the market and a lot of flashing on/off bots, there is at least a resonable amount

of money there and at 2.5% compared to the 40% im on, i can afford to offer over

the going rate on betfair.
By:
Contrarian
When: 23 Jul 11 21:46
Rocket,

It's all my own software (mainly in C# and C++).
By:
the silverback
When: 24 Jul 11 09:30
Sadly I can't stand how the purple website operates. And I don't seem able to save my options when i change them. It doesn't seem to have a "save changes" button.

Probably just being a div but I really find it quite unusable right now. e.g. if i hit lay then it always inputs the available lay money at that price as my bet size, can't seem to stop it.
By:
the silverback
When: 24 Jul 11 09:36
Ok, was being a div (ish). Had to stretch the option box to show up the "save" button. Quite why it doesn't hover above the rest of the screen I don't know. Could be game on now!
By:
Lori
When: 24 Jul 11 10:25
if i hit lay then it always inputs the available lay money at that price as my bet size

If you click on the money number it does this, if you click on the price it leaves the box blank.

Actually quite handy for taking all available in a hurry.
By:
pxb
When: 24 Jul 11 10:33
Thx Lori

Thats useful to know. A couple of times in the last few days I've tried to grab all at a price and once missed out being too slow.
By:
lmlac
When: 24 Jul 11 11:43
Something I haven't seen mentioned much about over there is that if you're a market maker using their API, and a high proportion of your bets are "taken" rather than you taking bets already offered, then your commission rate can be as low as 1%, which is what mine is.  So I can offer better prices over there.  Hopefully this will create a trading opportunity for someone else using both platforms who's not paying PC.
By:
the silverback
When: 24 Jul 11 11:44
Thanks Lori. Not exactly clear when hovering over it, only shows as one button.
By:
Lori
When: 24 Jul 11 11:52
There are several decent features there that aren't available here and as far as I can see NONE of them are mentioned/advertised. Seems a real waste.
By:
Lori
When: 24 Jul 11 11:52
*That's not to be biased, there are several decent features here that aren't available there as well.
By:
Mr.Angry
When: 24 Jul 11 12:30
Yes, the best feature here being PC2 which means that Betfair has a stable financial future.  I'm amazed they don't advertise this.
By:
moisok
When: 24 Jul 11 12:54
prices on correct score were same as bf on celtic today
By:
nairda
When: 24 Jul 11 13:29
lmlac

didn't know this...so how much trading volume you have to give to get 1% on betduck?
By:
Fred!
When: 24 Jul 11 14:07
If I understand it correctly, if you're on daqs new scheme and haven't had any bets yet or haven't bet for 7 weeks, then just 1 single 50p make bet without any take bets might be enough to drop you to 1% for the following week.
By:
lmlac
When: 24 Jul 11 16:07
nairda,
It's not the trading volume that's important, it's the proportion of bets that get taken by other people compared to the bets you yourself take. For instance your bot puts up a bet of £85 which gets taken by someone else later. And then your bot sees a good price already there for £15 and takes it.  So 15% of these two bets is "Take". So according to the table below you'd be on 1.25% commission. Obviously it's a bit more complicated because they use the previous 7 weeks figures to get the % split.

Scalable Commission Table

Take%  Comm Rate

95-100    5%

90-94     4.50%

85-89     4%

75-84     3.50%

65-74     3%

55-64    2.50%

45-54    2%

35-44    1.75%

25-34    1.50%

15-24    1.25%

0-14     1%
By:
baconONtoast
When: 24 Jul 11 16:46
Several big players have moved across, but they won't stay unless that prompts a permanent growth.

Will betquack seize the opportunity? Past evidence suggests they're content with a small but profitable business, and aren't overly bothered about growing it.
By:
Rocket to the FACE
When: 24 Jul 11 19:20
Are they profitable yet?

I was under the impression the owner was pumping a lot of his own money into it and it had shown a loss.

Hopefully this is not the case anymore
By:
moisok
When: 25 Jul 11 12:16
I am a manual trader, layer and occasional backer so the discussion around bots and anything else doesn't concern me ie percentage of profit
I just back at prices I am ok with and if I think someone is not going to win then its a lay even at high odds.  prices on correct score and match odds on celtic game were the same as betfairs
wonder if this will contiue particularly on correct score which is one of my main vehicles for profit
By:
BigMig
When: 25 Jul 11 22:23
It seems impossible to change the odds on an unmatched bet.

Have to cancel and re-submit.
By:
BigMig
When: 25 Jul 11 22:26
Well, can do it by deleting the odds and then re-entering new odds - but not by changing a few ticks using the up and down arrows.
By:
jme
When: 25 Jul 11 23:16
[>o][>o][>o]viva la revolucion![>o][>o][>o]
By:
nairda
When: 25 Jul 11 23:17
i move the odds by clicking up and down..it the same as betfair
By:
askari1
When: 26 Jul 11 00:09
lmlac, is this commission structure only for API users or does it hold across the site? Do you have to put up a certain amount of liquidity to be an API user?

Just out of interest[;)]
By:
Lori
When: 26 Jul 11 00:44
nairda Joined: 05 Jan 07
Replies: 717 25 Jul 11 23:17   
i move the odds by clicking up and down..it the same as betfair
 

Me too, on both price and stake.
By:
FINE AS FROG HAIR
When: 26 Jul 11 00:46
You know it is sort of decent for BF to permit its forum to be used as an instruction manual for using purple.
Very British of them.
By:
pxb
When: 26 Jul 11 01:25
The test match that just ended the duck traded 4M (USD).

Much better than previous tests.

Yes, the best feature here being PC2 which means that Betfair has a stable financial future.

I assume you are being ironic.

Changing current bets is the same as here except if you change the bet amount it changes the existing bet rather than create a new bet for the increased amount as here, Not clear what happens to the position in queue.

Does anyone know?
By:
RAPS
When: 26 Jul 11 02:10
Past evidence suggests they're content with a small but profitable business, and aren't overly bothered about growing it.

They aren`t profitable, whatever gave you that idea ?

Luckily for us there is billionaire happy to keep the show running.
By:
lmlac
When: 26 Jul 11 02:22
Askari, as far as I know you just have to be an API user, but of course with the same account you can also bet manually. I assume the commission rate applies to those bets as well.  I haven't really been using it much in the last 4 weeks because I've been on my hols, but my commission rate has stayed at 1%.
By:
Cardinal Scott
When: 26 Jul 11 06:28
Their interface is Horribly User Unfriendly and altering an unmatched bet puts you at back at the queue TERRIBLE!

There is another competitor besides Purple any news about how they are shaping up? Call them the 3rd way!
By:
1.01 Layer
When: 26 Jul 11 10:40
BigMig
25 Jul 11 22:23 Joined: 30 Apr 05 | Topic/replies: 2,175 | Blogger: BigMig's blog
It seems impossible to change the odds on an unmatched bet.

Have to cancel and re-submit.


Apparently it's a firefox glitch, which they're trying to fix.  Doesn't happen on google chrome or ie.
By:
BigMig
When: 26 Jul 11 11:30
Thanks, mate.

Yes, I am a firefox user.
By:
pxb
When: 27 Jul 11 09:42
Liquidity well down today on Japanese soccer here at BF.
By:
layer1982
When: 27 Jul 11 10:43
to change odds easier, activate the single click option on he top left of market... then u can change as u do on betfair
By:
takethestand
When: 27 Jul 11 13:16
the japanese soccer was cup football and i think had 7 games in play at same time.  On a wednesday morning!

On the flip side, pre match betting on tonights champions league seems strong.  4 of the 7 already above 100k with another well on the way
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