Min Fill Size

News, chat and debate about the Betfair betting exchange.
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megarain
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Thinking back, it's v likely I know who this guy is.

He's using a PlayStation-type device at the ground.

Am waiting to hear from Betfair if it's a legitimate trading strategy. If so, I will pop a request for the Min Fill Size to be added as a
parameter to custom cols in the suggestion section.

:roll: :roll:
mcfc1981
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Joined: Tue Oct 27, 2009 11:54 pm

Something is definitely going on.

From what I am seeing someone gets to the market on 4s/6s at least a second before others

Seems to be some sort of fill or kill as the order tends take the price in and around the current price then kills, second or so later everyone elses orders hit the market

Market is alot slower to react to dot balls and wickets so the player who is beating the delay is likely concentrating on 4/6s
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PDC
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Just a thought but couldn't someone with the coding knowledge needed test this out on some market with small stakes to see if it would actually work as expected and then report back, perhaps even recording it and uploading it?

Or is the coding a lot of work and not worth the effort?
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Euler
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In the early days of Horse racing in-running markets, an SIS engineer was alleged to have made a fortune from the transmitting van and unique camera angles.

There has been direct evidence of hawkeye being used to snipe Tennis, so not impossible somebody is using that telemetry data on Cricket also. As the bat hits the ball, the sniper will already know if its potentially a good shot or not. Would work a fortune in these types of markets.

Ultimately Betfair must know who this people are as their accounts must stick out like a sore thumb.
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megarain
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Euler wrote:
Tue Nov 02, 2021 1:08 pm
In the early days of Horse racing in-running markets, an SIS engineer was alleged to have made a fortune from the transmitting van and unique camera angles.

There has been direct evidence of hawkeye being used to snipe Tennis, so not impossible somebody is using that telemetry data on Cricket also. As the bat hits the ball, the sniper will already know if its potentially a good shot or not. Would work a fortune in these types of markets.

Ultimately Betfair must know who this people are as their accounts must stick out like a sore thumb.
Ground snipers, with many years' experience seed the market.

When they see their bets being taken, you know something is off.

I have been corresponding with someone in the API team - but Betfair seems reluctant to ever discuss, virtually anything in public.

I specifically asked the question in the last Q & A, as to whether any account had preferential treatment.

I will ask it again and get them to explain whether this is a legitimate tactic.
weemac
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I wonder how many fortunes were made during the 'funds unavailable/available during bet delay countdown' scam. Millions, surely. There's always an angle to shoot for.
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megarain
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weemac wrote:
Tue Nov 02, 2021 1:20 pm
I wonder how many fortunes were made during the 'funds unavailable/available during bet delay countdown' scam. Millions, surely. There's always an angle to shoot for.
Yeah - never heard of anyone getting an ex-gratia payment by Betfair.

So, they either gave the money to charity or presumably kept it (if the perpetrators didn't get away with it all)

It's not hard to feel Betfair dodged a few bullets from regulators.
weemac
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The perps would have kept the lot, because all they did was exploit a weakness in the way BF worked. That's probably why BF don't talk about these things; just gives people ideas and clues as to where to look for vulnerabilities. In fact, I once saw BF state publicly that's why they don't talk about the reasons for outages - they don't want the baddies to know where to look.
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PDC
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weemac wrote:
Tue Nov 02, 2021 1:20 pm
I wonder how many fortunes were made during the 'funds unavailable/available during bet delay countdown' scam. Millions, surely. There's always an angle to shoot for.
I don't suppose you could give a brief overview of what happen please as I have never heard about this and would find it interesting to hear about.

(sorry for taking the thread of topic)
weemac
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PDC wrote:
Tue Nov 02, 2021 1:38 pm
weemac wrote:
Tue Nov 02, 2021 1:20 pm
I wonder how many fortunes were made during the 'funds unavailable/available during bet delay countdown' scam. Millions, surely. There's always an angle to shoot for.
I don't suppose you could give a brief overview of what happen please as I have never heard about this and would find it interesting to hear about.

(sorry for taking the thread of topic)
Tie up all your funds in a bet that can't get matched. 5 seconds before the golf ball will reach the hole, place a back bet on that player. If the ball misses, do nothing - no bet matched because your funds are tied up elsewhere. If it drops in the hole, instantly cancel your other bet, so your golf bet gets placed, effectively without delay.
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jamesedwards
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PDC wrote:
Tue Nov 02, 2021 1:38 pm
weemac wrote:
Tue Nov 02, 2021 1:20 pm
I wonder how many fortunes were made during the 'funds unavailable/available during bet delay countdown' scam. Millions, surely. There's always an angle to shoot for.
I don't suppose you could give a brief overview of what happen please as I have never heard about this and would find it interesting to hear about.

(sorry for taking the thread of topic)
Not something I've heard of before but I can guess. Sounds like there was a loop-hole where you could place a trade in-running and then stop the trade from actioning before the end of the countdown by reducing your available balance to below the value of the trade. Would have been fairly easy to exploit this and make big bucks!
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megarain
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Had some back and forth with the Betfair API team.

They have not stated the abuse couldn't happen - but say they monitor/ban suspect accounts.

I have asked them to run queries on accounts that send Min Fill Size transactions - but they never gonna share the details.

Getting the historical tick trade data would provide a deal of evidence, but am not sure I can either be bothered or it
will achieve that much. The trades have to be tied into live video.

It v v hard to spot/prove as an outsider - so, they will get away with it - at least for now - till one of my trades gets swept upon an event I have live
pics on.
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Euler
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jamesedwards wrote:
Tue Nov 02, 2021 1:50 pm
Not something I've heard of before but I can guess. Sounds like there was a loop-hole where you could place a trade in-running and then stop the trade from actioning before the end of the countdown by reducing your available balance to below the value of the trade. Would have been fairly easy to exploit this and make big bucks!
Way, way back. Betfair used to only calculate account exposure when the bet was placed, rather than before the inplay delay. This lead to people deliberately blocking the final bet placement by placing a bet somewhere else that used up funds.

To solve the problem, Betfair switched the bet exposure calculation to trigger when the bet was placed and before the inplay delay countdown.
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PDC
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Thanks for the explanations about the old exposure/balance 'scam'. Anyone know how long it lasted? Bet those in the know were cleanign up!
megarain wrote:
Tue Nov 02, 2021 2:47 pm
They have not stated the abuse couldn't happen - but say they monitor/ban suspect accounts.
That reads like they have actually banned people but I wouldn't be so sure.. I am guessing they wouldn't give any numbers and assume a freedom of information request wouldn't work?
Seth
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Think they closed it quite quickly when it became common knowledge on the forums but had been going on for a long time.

Used to be so many loopholes in the system with betfair and flutter. Back in the day all price points were handled by javascript client side so if you knew a little coding you could send your own price increments to ensure you were always front of the queue. I remember a guy Gary getting pulled up about it and they cancelled a few of his bets but no more.
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