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To Betfair Users..
For every horse race there is always a wager for 1.01 & 1.02 % risk on every horse to win.
Other bets for a horse at 1:1 odds for 50-1 risk.
Do you actually think that these bets are booked enough for these people to make it worth their effort posting these bets?
Should I hire a kid to do this too?
After all of these years you would think they would tired of doing this work?
Curious????
all you need Son
http://marketfeeder.co.uk/
It is just a bot doing it. Not something you would be proud to tell anyone you did it though.
Yeah, I though that just after I posted. The program still cost $149. Still wonder if they get lucky and hit % per day?
We have all made mistakes entering bets so they probably pick up a little loose change here and there.
I was at a Betfair function prior to a cricket match about 18 months ago and another horse punter asked one of the Betfair managers about this. So the bot has obviously been doing it's thing for a while now.
If they didn't make money they wouldn't do it. Simple as that.Originally Posted by aggieshawn
Only two people do it for most races as the prebet amounts are always the same.
One guy for 1.01 and One guy for 1.02
Maybe I should get in there for 1.03
Not related to the op, but, milos raonic is offering 1.36 at betfair, if i request 1.40 what are the chances it gets matched? i've only had one bet matched and that was .02 difference.
almost guaranteed
OK then, on an average, how much can you UP the odds and get them matched! what if i requested .10 more than whats auto accepted at the time?
every event is different
10c from 1.30 to 1.40 is huge expectation
10c from 5.50 to 5.60 is nothing
and always check what's on offer elsewhere as a guide to what's likely .. you may have left this one a bit late but more often than not if you're not too greedy you'll get more than the books are betting by placing bids earlier
Aren't you a trader? jump in and accept my odds request!
For all your stalking of my posts you really have little understanding of me do you? One would have thought you'd have realised by now that I'm not a trader, arber, scalper or bonus whore.
Thats funny coming from you!
I've written many Betfair bots in my time and I can tell you that you will need to come up with your own angle if you want to be successful. Copying someone else is a recipe for disaster.
Those ones you see at 1.01, if you offer 1.02 the bot will just move up to 1.03 and so on until it reaches it's predetermined limit...but what happens if you forgot to set a limit and you end up getting matched at 1.50 for a horse that is only worth 1.30? Then you're in trouble and will lose money in the long run.
It is not just horse racing. You see these 1.01 and 1.02 offers in just about every market.
I suspect they do catch a few and logically there would be more in in-play betting. The 'one-click' options on some third party platforms can be quite dangerous if you 'click' just as the 1.01/1.02 offer comes to the front of the queue.
Ideally these 'malicious' offers should be against the rules but actually coming up with a workable rule would be very difficult.
To be honest, a lot of malicious offers are a lot more subtle (and I suspect more effective) than that. For a two-way market that is still in the early stages of forming it is very common to see an offer to back the underdog at around the fair price for the favourite and an offer to lay the favourite at around the fair price for the underdog.
Even after 12 years, it is still a jungle and you have to be careful.
Most horse races on Betfair do go "live in play" and at some point one of the horses is a fair price .. even @ 1.01 .. the first person to have offered 1.01 is the first person to get matched at that price ...
.. and they do sometime also lose after matching @ 1.01 .... http://www.gubbage.com/
Show your Betfair account statement of last week so we know you are not lying.
There has been a lot of research done on the 1.01's, sure if you search around you will find what you are looking for - it's very old hat these days. Even if you find your angle, and lets assume you want to try the 1.01 appraoch, the biggest issue you will face is speed. If you positioned yourself outside betfair offices in London you wouldn't beat those 1.01 bots to the queue. Much better to concentrate efforts into new angles, but it's not easy, many of us been doing this for 10+ years and takes some serious out the box thinking to get an edge.
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