Trading is impossible now

The sport of kings.
RentonT
Posts: 201
Joined: Tue May 19, 2015 12:26 am

Calm Down
Take a chill pill
:D
Ica73
Posts: 28
Joined: Wed Apr 15, 2009 7:31 pm

convoysur-2 wrote:
My heart is bleeding for you,,you poor poor thing,
if you want sympathy for this you will find it in the dictonary between shit and syphillis.
if you were making so much money why not put some away ? did u really think every thing is forever,
cant believe your crying because your not making 500/1000 per day any more.and millions die from hunger every year,
get a grip,grow up

convoysur-2 this is a forum for people who want to earn money to stealing other people.

If I gain others lose. There 'nothing morally correct, but this is my job. If you want to talk about hunger in the world, I like that but not here.

bye
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Euler
Posts: 24978
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

I'm sure we can discuss various aspects of trading without resorting to the lowest common denominator ;)
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Westerner
Posts: 161
Joined: Fri Apr 17, 2009 10:03 am

To the OP...

I'm very active in cricket markets and it's been my view(for sometime now)that something has changed over the last 12 months (pretty much since API-NG was rolled out).

I don't solely scalp but if I do it feels as though my orders are being front-run e.g before my order hits the market someone elses order will hit the market at the requested price and take it all out.

I don't think this is anything to do with X-matching as this happens frequently on markets where X matching is not enabled.

I don't know who or what is doing it, nor can I prove it, but that's my theory.

All the best,
Ica73
Posts: 28
Joined: Wed Apr 15, 2009 7:31 pm

What's happening in cricket goes beyond your imagination.
And you're right, everything started with the PAK leaugue last February even though rumors of something very bad were around since September last year.
The scam was not in action last December, in the Dubai Pakistan - England for example.
It started badly in Dubai for the following competition, the PAK League.
It took me several months of being regularly cheated to figure it out.
I know exactly what's going on.
What deals betfair made and who's personally making profit out of it.
I have videos, not rock solid proof to bring to court, but enough to make the scammers inside betfair stop the dirty things they allowed.
My intention is of course, for my personal trading benefits and for the fairness of each betfair's market, to stop it whit all I got.
Keep in touch!
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Westerner
Posts: 161
Joined: Fri Apr 17, 2009 10:03 am

Very interesting post. Sadly I don't find it difficult to believe everything you say.

If something like this is going on then it's cheating of the very highest order.

But at the moment, without proof (I have various videos too) it can only be deemd as speculation.

I will continue to monitor though.
lightwing
Posts: 5
Joined: Tue Dec 06, 2016 7:15 pm

Lol. This is probably us (to a large extent). Time fits and we're about 10% of volume in HR. Sorry about that ica73. At least we are using all of this to re-invest in hiring people etc.

Scarier things are to come, from all kinds of new companies. Perhaps a necessary wake-up? Scalpers are by far the most vulnerable, but feel free to keep trying.
Last edited by lightwing on Thu Dec 08, 2016 2:07 pm, edited 2 times in total.
xitian
Posts: 457
Joined: Fri Jul 08, 2011 2:08 pm

lightwing wrote:Lol. This is probably us (to a large extent). Time fits and we're about 10% of volume in HR. Sorry about that ica73. At least we are using all of this to re-invest in hiring people etc.
And out of interest, who do you work for, or what is your company?

Have you guys been around for a while, or are you only just getting involved?
lightwing
Posts: 5
Joined: Tue Dec 06, 2016 7:15 pm

Since you are Chinese (from your name), may I point you to my Chinese media account: https://www.zhihu.com/people/li-yi-rui-30/activities. You could also google my username to find out a bit more about me. Anyway, there are some articles in Chinese I wrote that may help provide a vague idea.
xitian
Posts: 457
Joined: Fri Jul 08, 2011 2:08 pm

You have an interesting background. What drew you to China in the past?
Last edited by xitian on Thu Dec 08, 2016 5:21 am, edited 1 time in total.
lightwing
Posts: 5
Joined: Tue Dec 06, 2016 7:15 pm

Its still very early days for us. I think you'll find that the major old syndicates are similarly secretive, if not more so. Couldn't resist responding to this thread though.

Yea, I have been to China many times. Noticed your username, and thought it was worth making the connection. Just a coincidence. If you meant specifically about hiring, its better to send me a message.
Last edited by lightwing on Thu Dec 08, 2016 1:49 am, edited 1 time in total.
xitian
Posts: 457
Joined: Fri Jul 08, 2011 2:08 pm

Still very early days, and yet you're 10% of the volume on horse racing? That's pretty impressive. And a pretty big warning to the other big players out there.

With your talents, do you not think you could do better getting involved in the financial markets? You might not be able to own your own company, but I'm sure there are some hedge funds who look for people with exactly your abilities. Or is it the thing of not wanting to work for someone else (a lot like me actually, not that I'd class myself as good enough to work for a hedge fund anyway)?

Good spot on my username. Bet you can't guess what it actually means though without characters or tones ;)
sealebet
Posts: 10
Joined: Mon Dec 05, 2016 2:43 am

In relation to Front Running, it is was only a matter of time before it started.

The betting exchanges are becoming more and more like the financial exchanges (lots of algos moving the market being the main one).

In terms of front running, companies pay a lot of money to be close to the exchange and get in front of orders. There is a book about it (Flash Boys) if anyone is interested.
lightwing
Posts: 5
Joined: Tue Dec 06, 2016 7:15 pm

Sorry I had to delete the last post. Couldn't figure out how to delete the previous ones. Oh well.

Same feeling re: working for others, too hard. More fun but a bit more risky.

Yea, fine, blame me (us). In terms of volume, it is pretty big after all. In terms of net profit extracted from market, we are nowhere near as large as the biggest accounts. Some betfair accounts make on the order of 100k-500k per day. If you want to blame us, then fine; but I feel we are at least trying to provide liquidity. The idea that we are somehow conspiring with betfair or that betfair themselves are doing something dodgy is pretty ridiculous.

Of course, there is other exciting stuff in pipeline; other sports etc. And yet, many future potential market actors could be far far scarier, if somewhat inevitable given the way this industry is bound to develop.

Let this be a lesson to people who want to do super bot-like things without actually writing bots. I'll just say that.
Last edited by lightwing on Thu Dec 08, 2016 2:08 pm, edited 1 time in total.
lightwing
Posts: 5
Joined: Tue Dec 06, 2016 7:15 pm

xitian wrote:Still very early days, and yet you're 10% of the volume on horse racing? That's pretty impressive. And a pretty big warning to the other big players out there.

With your talents, do you not think you could do better getting involved in the financial markets? You might not be able to own your own company, but I'm sure there are some hedge funds who look for people with exactly your abilities. Or is it the thing of not wanting to work for someone else (a lot like me actually, not that I'd class myself as good enough to work for a hedge fund anyway)?

Good spot on my username. Bet you can't guess what it actually means though without characters or tones ;)
熙天 or 兮天. Not totally sure?
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