New Posts For Thread: Reduction factor too highhttps://community.betfair.com/horse_racing/go/thread/view/94102/31865401/reduction-factor-too-highPigeon House 3.00 Musselburgh, available at 150 prior to withdrawl but reduction factor applied is 6.1%?I've noticed that if I have an interest in the early markets and there is a subsequent non runner, I nearly always lose out. The explanation about trader's discretion explains that. Some of the early reductions are crazy.https://community.betfair.com/horse_racing/go/thread/view/94102/31865401/reduction-factor-too-high?post_id=564529533#564529533I've noticed that if I have an interest in the early markets and there is a subsequent non runner, I nearly always lose out. The explanation about trader's discretion explains that. Some of the early reductions are crazy.Mon, 03 Feb 2025 02:47:17 -0600you surely forego the 'discretion' to do anything involving the markets when you chose to get involved within the markets ...https://community.betfair.com/horse_racing/go/thread/view/94102/31865401/reduction-factor-too-high?post_id=564529379#564529379you surely forego the 'discretion' to do anything involving the markets when you chose to get involved within the markets ...Sun, 02 Feb 2025 17:07:14 -0600may be updated periodically at the discretion of Betfair based on how our book is looking ....https://community.betfair.com/horse_racing/go/thread/view/94102/31865401/reduction-factor-too-high?post_id=564529371#564529371may be updated periodically at the discretion of Betfair based on how our book is looking ....Sun, 02 Feb 2025 17:04:22 -0600Thanks but where do they get their "based on a forecast price" from?https://community.betfair.com/horse_racing/go/thread/view/94102/31865401/reduction-factor-too-high?post_id=564528603#564528603Thanks but where do they get their "based on a forecast price" from?Sun, 02 Feb 2025 10:23:40 -0600When the market is loaded each horse is given a 'reduction factor', based on a forecast price, which is expressed as a percentage. These reduction factors may be updated periodically at the discretion of Betfair based on trading in the market, but afhttps://community.betfair.com/horse_racing/go/thread/view/94102/31865401/reduction-factor-too-high?post_id=564528279#564528279When the market is loaded each horse is given a 'reduction factor', based on a forecast price, which is expressed as a percentage. These reduction factors may be updated periodically at the discretion of Betfair based on trading in the market, but afSun, 02 Feb 2025 09:19:05 -0600But where do Betfair come up with the rf in the first place when the market opens?https://community.betfair.com/horse_racing/go/thread/view/94102/31865401/reduction-factor-too-high?post_id=564528041#564528041But where do Betfair come up with the rf in the first place when the market opens?Sun, 02 Feb 2025 08:25:44 -0600In this day and age and all the technology you'd think RF could be reflective of price at time of WD. Probably due to market manipulation issues.https://community.betfair.com/horse_racing/go/thread/view/94102/31865401/reduction-factor-too-high?post_id=564528033#564528033In this day and age and all the technology you'd think RF could be reflective of price at time of WD. Probably due to market manipulation issues.Sun, 02 Feb 2025 08:23:40 -0600Same reason why the fav in that race is at 19% instead of 33%, betfair set them at the market start and hardly ever change them!Betfair should dynamically alter the rf as prices change up and down.https://community.betfair.com/horse_racing/go/thread/view/94102/31865401/reduction-factor-too-high?post_id=564528019#564528019Same reason why the fav in that race is at 19% instead of 33%, betfair set them at the market start and hardly ever change them!Betfair should dynamically alter the rf as prices change up and down.Sun, 02 Feb 2025 08:21:10 -0600Pigeon House 3.00 Musselburgh, available at 150 prior to withdrawl but reduction factor applied is 6.1%?https://community.betfair.com/horse_racing/go/thread/view/94102/31865401/reduction-factor-too-high?post_id=564527791#564527791Pigeon House 3.00 Musselburgh, available at 150 prior to withdrawl but reduction factor applied is 6.1%?Sun, 02 Feb 2025 07:19:59 -0600