General Betting
There is currently 1 person viewing this thread.
These 149 comments are related to the topic:
Bots all over the place
Bots all over the place
sort by:
Show
per page
Replies: 149
|
By:
I make a fair number of side markets across a few sports and have plans to do more. I do it with bots. Those markets I plan to start making soon currently have sod all liquidity, after my bot turns up they have more liquidity. Would you care to explain to me how that is a bad thing? Of COURSE I don't leave poor value money up! I do this for a living. What you lot are moaning about is the loss of people careless enough to leave up poor value money due to manual market making.
|
|
By:
I reckon the people who made manual pricing sticker guns and labels are still seething about the invention of bar codes + scanners :)
|
|
By:
HA Ha. I think the problem is more because people are not coming into the shop and those making it to the front door are been diverted through a side door to the rip off shop. Barcodes or no barcodes will make no difference if no one is coming to the till.
|
|
By:
Bar codes + scanners were a forward step in technology. The same can't be said of an interface that requires the exchange of megabytes of data hundreds of times over to get a couple of hundred quid on a horse. If you mapped the betfair interface to a hypothetical physical scenario, people would choose their goods, they would stand in the queue, when they got to the front the cashier would e.g. open a packet of sweets. He/she would ring up that sweet, the customer would pay for it then move to the back of the queue. The supermarket would then boast its staff served more customers than all other supermarkets put together.
|
|
By:
Forgot to say, each customer in the queue will be issued with a new price list every tenth of a second to see if they still wish to purchase the same goods.
|
|
By:
"Those markets I plan to start making soon currently have sod all liquidity"
Just looked at french league 1 game, Rennes Marseille, kicks off 4pm. A grand total of £106 matched over the entire correct score market. (So really £53). Re the betfair interface.. not sure how you can complain about queues, they are the basis of how the site works. What other way could it work and be fair? People BUY a place to be matched quicker? That would cause uproar. And prices changing - that's just another part of the site. How would you stop that? |
|
By:
Private price auctions. It would be a bit like the betfair sp with limited bets hidden. Auctions would happen infrequently early on and increase in frequency as the event approached.
|
|
By:
Well get some venture capital and create it. Doesn't sound like anythind I'd want to touch with a barge pole.
|
|
By:
"Excuse me, how much is this bag of sweets?"
"Make an offer" "Er....Okay. How about 60 pence?" "I'll let you know in half an hour" "Can you direct me to the nearest bookies website please......." |
|
By:
And the metaphors for how "in play" could possibly work under such a system just write themselves :)
|
|
By:
My my, touchy! Real first name "half"?
   |
|
By:
Sounds a marvellous idea feck, I'm sure most punters would welcome a more complicated system to place their bets with the uncertainty of what price they'd get compared to the simplicity of placing a bet at the price they'd like, as it is now.
|
|
By:
LOL is witt "feck"? I thought that, was the same sort of stuck record ranting about parasites but I didn't say anything.
A lot of people have issues with betfair, myself included, but they are to do with poor reliability or their sportsbook etc NOT wanting a completely different system. If you want that and think it will be an improvement, as I say get some capital and go create it. Nothing stopping you. You have the idea, go forth with it, and multiply your profit  |
|
By:
PS I am not Feck but I am a Fecker.
|
|
By:
"The fact it's already been used twice on other threads probably illustrates your usual M.O."
This makes absolutely no sense. How could the fact others (in your total of 165 posts) have repeatedely thought to refer to you as that, have ANYTHING to do with MY M.O. I've never responded to you before. In fact by any rational sense, the fact your ramblings make the word "half wit" fire in peoples neurons then onto a keyboard clearly illustrates something significant about you, and absolutely nothing whatsoever about mine as it's been nothing to do with me. Jeeze. |
|
By:
I'm guessing you're a copycat JC. HTH.
BTW JC & Baby Jesus taking me on. You & other "half witt" jibers must find that hilarious. HTAH. |
|
By:
'Taking you on' ?? I made one post about your ridiculous auction idea and all the sudden I'm taking you on, you need to reign in that paranoia. Everyone trying to force their point on these type of threads is doing it out of self interest, you're no different , feck. I'll leave you all to it, it should be obvious by now Betfair won't take a blind bit of notice either way.
|
|
By:
No idea why you took offence at that BJ, you should maybe look at your own paranoia.
As for my "ridiculous auction idea" let's just suppose that was the way betfair did it from the outset. How ridiculous would anyone pushing for a stock market style exchange look. "We want to be able to see who wins the next point before we decide if we want the tennis bet" "We want to be able to see what others want to bet and for what stake before we bet" "We want to be able to bet the winner after they've passed the post" "We want to be able to trap people with ridiculous odds" "We want to be able to penny pinch with penny bets" "We want to be able to place bets that no one can see while we see everyone else's" "We want to be able to spoof the market" "We want pendulum odds so that placing a bet is like pinning the tail on the donkey" "We want an interface that deters large bettors unless they've got a degree in programming" "We want reduction factors that suit traders rather than RF's intended to map the price to the expected subsequent price" "We want to be able to bet on impossible in-play scores so we can cash out" "We want traders to pay only a fraction of the commission others do" blah, blah. What would you call an exchange with such an interface? Bentfair? last5minutes.com? How long would it last before the plankton disappeared? Were it not for the fact that bookmakers want only losers betfair would already be dead. Betfair could not have worked out better for them had they engineered the exchange concept themselves. Re my self interest, can you explain? I can programme the API myself. I can drip feed a multitude of small bets such that I can get a few hundred at value early odds. I can lay the others as a way of getting a back at value odds. As a price sensitive punter I get prices I wouldn't otherwise get as a result of spoofing and pendulum odds. So why would the auction idea be in my self interest? Do you really think I'd suddenly be able to get grands on the early 9.0 shot that should really be 5.0 while every other shrewdie was trying to do the same and said shrewdies were putting nothing up on the other side? Of course I wouldn't. We'd all just be getting buttons matched until we reduced our odds, much as happens now. So unless you're really stupid what is it about the auctions that would be in my self interest? Ah, you mean the increase in liquidity it would bring in? The fact that large bettors could stick up bets without their large bets acting as bookends? The fact that plankton would be getting the same odds as everyone else and wouldn't be getting ripped off and leaving the site forever? The fact they'd be getting a run for their money without having any value eroded by talentless middlemen and shysters? The fact they'd be presented with a simple interface and commission system? I don't expect betfair to take a blind bit of notice. It won't be betfair that will implement the idea but it will come if betfair don't manage to tarnish the exchange concept forever. |
|
By:
anyone who thinks bots are foolproof should have a look at the trading history on the plzen v b munich over/under 8.5 goals market
|
|
By:
Ouch!
 |
|
By:
" Were it not for the fact that bookmakers want only losers betfair would already be dead. "
lol, up until then I was with you. Remember that bookie that took your bet when it knew you had a market edge? The only reason would be to shape prices but why would they when everyone has a comfortable oligopoly to protect and cross sell to make all their money? Besides that, wouldn't you just drip feed a load of prices on your winning account and find a friend to pile in the other way? I regularly find that the |
|
By:
seem to have self-censored. I was saying that I tend to find I match bonus fragments all the time and it probably takes 5%-10% of my bet at a preferential price. Splendid
|
|
By:
CoinFlip, not everyone that's confined to this place is a winner with bookmakers. If they were it would be even more shark v shark than we're already at and we'd arrive far quicker at Shark v ? as the less successful sharks gave up.
|
|
By:
in theory post premium charge , it should be/was getting easier on here for those on popular markets for a limited time .
with sharks getting frozen out of their specialist area ,they should be/were chancing their arm at those more popular markets -with their relative inexperience in these new markets, they should be/were getting picked off - eventually you will have/had sharks v lesser sharks for a limited time ,then left with just the few sharks which existed to start with - so a scaled down exchange this has probably happened to a great extent a lot of the specialist sharks may just go back to full time employment |
|
By:
so for those on say football markets only, they should have seen a rise in fortunes at around 2009/2010 and now slowly going back to pre Oct 2008 levels for a short time , then eventual death caused by shortage of new players
|
|
By:
Once betfair is down to the bare bones in a year or so how are the bookies going to price up events because most of them wait for the markets to form on the betfair exchange then copy the odds. They'll have to do some work for a change and price things up themselves.
|
|
By:
What happens if the betfair sportsbook is a failure like blue sq. was, will they go back to being an exchange?
|
|
By:
odds compilers - hey ,that's a job for us
 |
|
By:
i think the easy days everyone winning easy money are long gone. i dont have a data but from the sharpness of the markets these days , i think the number of small winners is decreasing and mostly few people are increasingly taking more profit. this will be the demise of betfair. betfair have to remove or charge punitively large charges to the big winners and distribute the money to losers.
|
|
By:
i say this because i feel that most casual punters who come here come from moutht to mouth marketing and a belief of winning that they can win here. i dont think value plays a role to most casual punters . if they are faced with super sharp lines and sophisticated bots using deceptive techniques to take casual customers momeny in a blink of an eye, casual punters will quickly leave. at least witht the bookies they are retained by the promotion and offers.
|