You Will Get Eaten Alive By Betfair Auto Traders

[jjgold]

Not surprising to see NBA games getting $300k per night on ML and tv Games well over 1 million
NFL approx 2-8 million per game on tv games
USA Horse Racing also very high .....A place like sunland park getting 35,000 and it is late at night in the UK

Forget Soccer, Tennis and UK Horse Racing as the volume per event is astonishing daily

Fukkin Soccer games in Spain getting 5 million

Anyway point is a lot of auto trading going on and like in the stock market the small bettor will get chewed alive

[Dutchie]

ok, I think that means to be careful

[chachi]

and in other news, the titanic hit an iceberg.

where you been jj, thats not even remotely new news

[Jaug]

Its all computers nowadays. Stock market and betting market.

[jjgold]

Yeh like 10-15 betting programs that are geared towards Betair

Its increasing though, also seem it is becoming a layoff place for other books

[Emily_Haines]

most people here can't bet there

[FourLengthsClear]

The tennis guys, especially, are unreal in terms of the 'sharpness' of their in-play odds. It is very hard to find any hint of an edge even at -101 pricing.

No surprise that the books basically just track the BetFair live odds these days.

[shaunovery]

Lots of people including myself use betfair as a trading platform I have 50-1 (+5000) on the ninners winning the Super Bowl can now trade out and get a 1600 profit

Unlike other websites you can only get out with halftime lines and totals

[FourLengthsClear]

Lots of people including myself use betfair as a trading platform I have 50-1 (+5000) on the ninners winning the Super Bowl can now trade out and get a 1600 profit

Unlike other websites you can only get out with halftime lines and totals

Race?

[jjgold]

Lots of people including myself use betfair as a trading platform I have 50-1 (+5000) on the ninners winning the Super Bowl can now trade out and get a 1600 profit

Unlike other websites you can only get out with halftime lines and totals

Shauny much easier using 3rd party betting software as it shows your in running profit/Loss and ability to instantly "Green Up" without doing calculations as the program does it for you

These programs are unreal

Looking into Bet Angel and Marketfeeder Pro as in my opinion the premium software platforms both about 120 pounds per year

[shaunovery]

Hi jj the website does it for you anyway I don't use any 3rd party sites I do it myself

[jjgold]

Shauny there is a great free one you should try http://www.geekstoy.com/

[chachi]

it used to be even more fun when the web interface would fall over but they didnt shut down the android apps or api driven platforms ... unfortunately nowadays when their web platform collapses they pull the plug across the board

[virtozo]

Race?

wow coool!!

[bswagos]

Unless you make a giant mistake and they void everything.

[jjgold]

[Jaug]

This is total bullshit. Just lucky if you can scalp. This is like laying 2.5 and taking 2.52. Sometimes both will be matched and you make 0,5% profit. Other times line moves to 2.2 and you only get lay of 2.5 matched for something like 10% loss.

[jjgold]

Yeh not as easy as it looks
secondly has to be a lot of volume which horses do have

[FourLengthsClear]

This is total bullshit. Just lucky if you can scalp. This is like laying 2.5 and taking 2.52. Sometimes both will be matched and you make 0,5% profit. Other times line moves to 2.2 and you only get lay of 2.5 matched for something like 10% loss.

Quite.

Their is a symbiotic relationship between the exchange market and the on-track odds. A horse that is trading at 2.54 is more often than not going to be 11/8 (2.375) on track. The only moves the on-track odds can make are to tighten to 5/4 (2.25) or to drift to 6/4 (2.50). In either of these cases there would be an instant move on the exchange.

A scalper will rarely be a beneficiary of such a move, he just ends up with his bet being matched at the price he requested if the market moves in his favour but if the market moves against him he is going to end up with a 5 or 6 tick loss.

[shaunovery]

Only works if the horse drifts you lay at 2.5 and goes 2.4 you're looking at a loss

[vyomguy]

if you can pick winners...it doesn't matter if a person or a bot is setting the line. Enough with this "get chewed by traders" bull shit. If you are good, you will make money...period.

[Inkwell77]

Unreal.

[big0mar]

Shauny much easier using 3rd party betting software as it shows your in running profit/Loss and ability to instantly "Green Up" without doing calculations as the program does it for you

These programs are unreal

Looking into Bet Angel and Marketfeeder Pro as in my opinion the premium software platforms both about 120 pounds per year

JJ I can prob get you Marketfeeder free for a year

Email me

[Hareeba!]

if you can pick winners...it doesn't matter if a person or a bot is setting the line. Enough with this "get chewed by traders" bull shit. If you are good, you will make money...period.

Yep. I find it hard to have any sympathy for those who just arb, scalp and trade, which it seems from reading this forum seem to make up the majority of players these days.

[byronbb]

Yeah the geekstoy is good for watching for line moves on very popular matches. The weird thing about BF and soccer is they hardly deal AH but their 1x2 is massive. You can get a good read on the 1x2 market to get a angle on where the AH is going to go at Pinny et al.

[Hareeba!]

Yeah the geekstoy is good for watching for line moves on very popular matches. The weird thing about BF and soccer is they hardly deal AH but their 1x2 is massive. You can get a good read on the 1x2 market to get a angle on where the AH is going to go at Pinny et al.

The Poms haven't yet been educated in AH betting. Hard to change age old habits.

[Vegas_bond]

if you can pick winners...it doesn't matter if a person or a bot is setting the line. Enough with this "get chewed by traders" bull shit. If you are good, you will make money...period.

I know a guy. He has no clue what a bot is. And hes doing very fine trading at Betfair.

Everything manually.

Bots are fast, but not enough to beat some traders.

[FourLengthsClear]

The Poms haven't yet been educated in AH betting. Hard to change age old habits.

LOL. That is not even close to being the reason that many market makers avoid the AH markets. If it was there would be no reason whatsoever that a group of Aussies, Asians or Continental Euros wouldn't step in and add that liquidity.

It has more to do with the way the markets are structured in the API and the amount of coding that would be needed to incorporate them into a flexible trading platform.

Trying to manage multiple markets concurrently through the website is just about impossible.

[jjgold]

It seems to me all of Europe is more focused on 1x2 in all sports
Asian handicaps are very big at Pinnacle and Asian Books like SBOBET and ICBET

[Hareeba!]

It seems to me all of Europe is more focused on 1x2 in all sports
Asian handicaps are very big at Pinnacle and Asian Books like SBOBET and ICBET

Agreed, as I posted earlier but it seems 4LC has another view on that.

In Australia I know that only pro. punters have any idea how AHs work. Rec. punters (if they've ever even heard about them) find it all too complicated and avoid them.

[FourLengthsClear]

It seems to me all of Europe is more focused on 1x2 in all sports
Asian handicaps are very big at Pinnacle and Asian Books like SBOBET and ICBET

12X is still most popular bet type in Europe that is true. That popularity though does not explain why you have an EPL match with GBP 5 million matched on the 12X and only 250-300k on the AH sides. As mentioned that comes down to a lack of seeders (and consequently wider spreads) due to technical/coding issues.

Look at how the screen looks if you try to load an AH market in one of the commercially available trading platforms you mentioned above. You, I expect, will see that the lines are pulled up in an unusual order (which also changes if there is a big market shift). As mentioned this is due to the way they are structured in the API and accounting for that is a complete pain in terms of automating offers.

[wtf]

cannot breath without bf

[betplom]

Shauny much easier using 3rd party betting software as it shows your in running profit/Loss and ability to instantly "Green Up" without doing calculations as the program does it for you

These programs are unreal

Looking into Bet Angel and Marketfeeder Pro as in my opinion the premium software platforms both about 120 pounds per year

120 pounds of what?

[jjgold]

12X is still most popular bet type in Europe that is true. That popularity though does not explain why you have an EPL match with GBP 5 million matched on the 12X and only 250-300k on the AH sides. As mentioned that comes down to a lack of seeders (and consequently wider spreads) due to technical/coding issues.

Look at how the screen looks if you try to load an AH market in one of the commercially available trading platforms you mentioned above. You, I expect, will see that the lines are pulled up in an unusual order (which also changes if there is a big market shift). As mentioned this is due to the way they are structured in the API and accounting for that is a complete pain in terms of automating offers.

So your saying if Betfair had the right software and coding AH markets would be big like 1x2's??

[FourLengthsClear]

So your saying if Betfair had the right software and coding AH markets would be big like 1x2's??

Betfair have to do things the way they do for all of those different lines to be considered one single market for commission purposes .

It is more a question of market makers not being willing to invest the time to write a program/platform specifically for AH markets. If this was different would the AH be as big as 12X? No, I don't think so but there would be a big increase in volumes.