Oct 11, 2013 -- 1:23AM, viva el presidente! wrote:
the problem with some (not all) bots JC is they cripple the process of market formation. superficially, yes - if a bot's putting up money one tick higher the recreational punter's getting a better price. but if it's also deterring other market makers from getting involved it's actually worsening prices.prime example, the front-running 1.99 parasite. there are markets I've given up bothering making because on the longer shots the first 99.5% of nearly every bet's being stolen by someone who's hiding their offer. if BF had any sense they'd have shut this pr!ck down years ago.on the other hand for something like DNB in play, joe punter can bet to sub 101% at more or less any point to reasonable size purely because of bots, and it's perverse to argue that that's damaging to the exchange imo.
So you have given up your 2 pound bets because of somebody using .01 less than you and he is a parasite for offering so little? The markets will never recover from losing your market making capabilities. A petition needs to be started to get you back involved before BF crumbles to a heap that it can never recover from.
Oct 11, 2013 -- 8:03PM, viva el presidente! wrote:
what point is there left to make? you came on trying to take the p!ss out of someone you don't like, failed to understand a fairly simple point and made a t!t of yourself. your signature move.
Who don't I like? I responded to a post you made, so are you referring to yourself? I have no idea who you even are, so not sure of your point.
Oct 12, 2013 -- 4:08AM, 1.01 Layer wrote:
The focus on the 1.99 bot is that it's a bot. It should be that it's minimum bet abuse. The prevalence of invisible bets makes markets inefficient and gives the invisible bettor an unfair advantage, especially if the 1.99 bet is replenished every time it gets taken. Sometimes when you look at the graph there are dozens of them all lined up 1 tick apart.It's not unreasonable to expect, or hope for a level playing field but it looks like BF have given up on the exchange and are just letting it die a natural death now that they have their sportsbook.
See this is where it all falls down.
Invisible bots, bots, all a problem.
It is a problem if you put a bet on and a "bot" immediately jumps in front of you. It is also a problem if you put a bet on and a "bot" immediately jumps in front of you with a bet that you can't see, even though you probably put your bet on at a ridiculous margin the bot was already in front of.
Obviously the people complaining are the ones that are pissed off that somebody else is getting matched for 2 pounds and it ruins their day. Sit behind the 2 pounds with big bets, and if somebody wants a decent go, they will take the 2 pounds and straight into your bet before the bot has even fired up with its next 2 pound bet.
If you are scared off by a 2 pound bot, then you have no business calling them out for restricting you from seeding the markets, because really you are not seeding the markets with any more money than they already are, at a % that represents better value for the punter anyway.
Oct 12, 2013 -- 6:42AM, 1.01 Layer wrote:
BJT, feel free to pick me up on things I didn't say in one post and then ignore my reply. At least you got to tell us what you think (again), which is the most important thing.
? The Man replied, and I couldn't have said it any better, so I replied "Exactly". Replying specifically to you every time you post seems a little arrogant on your behalf. By the sounds of it, you give up if anybody has a price better than 1.01. You are probably the one that sets all trap 1.01 lays are you by the sounds of your name?
Oct 12, 2013 -- 8:17AM, viva el presidente! wrote:
1.01 Layer 12 Oct 13 10:08 Joined: 23 Aug 03 | Topic/replies: 4,690 | Blogger: 1.01 Layer's blogThe focus on the 1.99 bot is that it's a bot. It should be that it's minimum bet abuse. The prevalence of invisible bets makes markets inefficient and gives the invisible bettor an unfair advantage, especially if the 1.99 bet is replenished every time it gets taken. --------that's exactly the point, and also the point I was making in the first place which BJT totally failed to grasp in his usual shouty 14 year old just out of sarcasm class way.why is the bet 1.99? to prevent people seeing it and beating its offer. it's set at the level it is to get business but also stifle the formation of an efficient market. if it was 2 quid, it would still be annoying in the way that competition's always annoying, but I wouldn't have a problem with it.
Nice attempts at insults?
A few questions for you.
What is the exchange rate from Euros to GBP?
My Google says 1 Euro equals 0.85 British Pound Sterling.
What is the minimum bet size for Euros?
My Google says 2 Euros is the minimum allowable bet.
What is the minimum bet size for GBP?
My Google says 2 GBP is the minimum allowable bet.
What is the minimum bet shown on Betfair?
My memory says 2 GBP is the smallest physically shown on their site, also backed up by your gripe of 1.99 GBP bets not showing up.
Given my Google, would it not be perfectly reasonable to assume that somebody placing a 2 Euro perfectly legitimate bet, that equated to 1.70GBP, would not show up on the BF system?
That isn't people abusing anything, that is BF having a system not consistant with its rules and expectations.
Not saying that is definitely what is happening, but given it is a perfectly reasonable explanation, that it is something you should be taking up with Betfair, and not people placing bets that aren't showing up on the BF system.
Unless your Google is different to mine?
Oct 15, 2013 -- 7:19PM, Trevh wrote:
BJT: They are probably more turned off by not having a clue how to simply place a bet on their team to win the game through the myriad of ridiculous markets.77 markets for 90 minutes of soccer?Come on now. 1.99 pounds is the least of peoples issues here.The match odds market is easily visible, the other markets are too many IMO but that's a whole separate issue.Do you place £1.99 bets yourself BJT? If you did would it make any moral difference whether you bet in pounds or euros? In both instances your plan would be the same.
How do you know that they are 1.99 pound bets? If they are hidden from everybody then you have no fcuking clue if they are 2 euro bets, or what.
And if the answer, is you can see on market depth what they are, then the simple answer is, so can everybody else. So deal with it.
Oct 16, 2013 -- 5:06AM, 1.01 Layer wrote:
BJT, your relentless, monotonous and aggressive reiteration of the same points is bordering on bullying now. As important as your opinion is, it is not the only one.I welcome the difference of opinion on the forum but I have no patience for trolls. At least Morse was amusing at times.
Bullying? rotflmfao. Oh dear. Sensitive Suzy is on the case.