Don't mean to sound snooty but you lost £100, I didn't and wouldn't in those circumstances. The fact that you don't even say what price the bet was placed at demonstrates your lack of attention to detail. You don't even seem to think it was relevant. There are players on here that have in-running bots that specialize in backing horses at 3-figure prices or laying at <1.05. What you don't seem to understand is that by the time one's bet hits the market in the closing stages of the race, the odds you're betting at will not match the actual conditions. That's something all good in-play traders will be aware of, that's the decision you make when you place the bet, not when it hits the market.Cardano wrote: ↑Tue Feb 07, 2023 6:16 amRe your comments underlined belowDerek27 wrote: ↑Tue Feb 07, 2023 3:36 amThat's not a valid analogy because you won't get your cut of the money if you leave it. Here's a better analogy: What would you rather do, rob £100K from a bank and risk going to prison or pick up the £20K that the robbers dropped, risk-free?Cardano wrote: ↑Mon Feb 06, 2023 9:04 pm
I don't think it's wreck less.
Let me make an analogy. You ( BF ) are walking along and see £100 lying on the floor. Knowing that whoever the £100 belongs to is not coming back for it do you ( BF ) pick it up and pocket it (finders/keepers) or do you leave it for some other person ( bot ) to come along and pocket it
That's what Betfair do. Instead of robbing their customers and risking getting shut down or fined by the gambling commission, they let customers win fair and square and then (legally) rob their winning customers in the form of PC. The trader that pinched your £100 will have £20, or maybe £40 taken off them by Betfair.
"But if it looked a very likely winner it would have been a very short price and I would be much more likely to lay it. Never in a million years would I back a horse in-running at a short price. It's a big risk for little profit, as you found out."
I wouldn't dream of losing money the way you do either.
But you stick to what you do best and I'll stick to what I do best
"Have you compared the time the bet was logged with a clock on the video? If you can't reply to such a simple question I don't know why you bother asking for an explanation!"
Yes I've compared the times
"The trader that pinched your £100 "
And your analogy is not valid either. You can't prove there was a trader that pinched my £100 in your words. The trader would have had to ''lay' £100 after I 'backed' £100 and before it 'ran out'
The question is - was BF that trader.
Oh! I forgot you are NOT SURE
What really staggers me is that you use automation yet you think you're the only one and everybody else is manually trading. There are some bots that simply think, "this horse has hit 1.03, conditions A, B, and C are satisfied so I'll lay it". It's not watching the flipping race and doesn't care if the horse is about to run out. The idea is you do it 100 times and just need a few to get beaten. My bots will sometimes lay a tennis player at around 1.05. His opponent could have a broken leg for all it knows. It doesn't matter. As long as the majority of trades close successfully I'll be up.
My analogy had nothing to do with a trader pinching your £100, you took that from another paragraph. And when I said trader I was referring to human or bots, a bot is trading so it's a trader. You're the one with a CT idea so it's up to you to prove it's Betfair taking your money.
