Today's Horse Racing

[Derek27]

Just got an email from a bookie, apparently it's responsible gambling week.

[Gauss]

13:30 at Lingers was fun

[spreadbetting]

I've given up with betconnect. I was basically just being a bookie to arbers!

How did you deposit and withdraw from them, Derek? I'm considering whether to accept my invite and create an account. If you were just being a bookie to arbers why didn't you just flip and do the same as you've said before you used to arb.

[jimibt]

I've given up with betconnect. I was basically just being a bookie to arbers!

How did you deposit and withdraw from them, Derek? I'm considering whether to accept my invite and create an account. If you were just being a bookie to arbers why didn't you just flip and do the same as you've said before you used to arb.

good question. and along the same lines, are betconnect quick to limit like willhill etc?? apologies if this is well known already, just don't have any experience with them.

[spreadbetting]

They won't limit anyone as it's punter vs punter , they're not matching any bets so the bigger the better suits them fine.

[Derek27]

I've given up with betconnect. I was basically just being a bookie to arbers!

How did you deposit and withdraw from them, Derek? I'm considering whether to accept my invite and create an account. If you were just being a bookie to arbers why didn't you just flip and do the same as you've said before you used to arb.

good question. and along the same lines, are betconnect quick to limit like willhill etc?? apologies if this is well known already, just don't have any experience with them.

Simply deposit and withdraw with a debit card, only you're only allowed to use one card.

It was really a stalemate - I couldn't back most of my lays at a much higher price but I doubt I would have made any money from the other side. As you know, odds comparison sites are quite slow to update the fast-changing prices so you're getting a lot of bet requests that are no longer available at the advertised price. I would imagine a lot of requests get rejected plus the 15-minute thinking time the 'punters' have would put me of being a 'pro'.

betconnect will never limit a customer because they are effectively an exchange like Betfair and have no liability themselves.

[jimibt]

They won't limit anyone as it's punter vs punter , they're not matching any bets so the bigger the better suits them fine.

thanks - in which case, limited opportunity to arb between the betfair api and betconnect scrapes (unless there is a betconnect api?)..

[Derek27]

Also need to bear in mind that if you back selections on betconnect and lay them on the exchange you'd be paying commission whatever the outcome - with betconnect if it wins or Betfair if it loses.

[Gauss]

Things a bit scatty today?

[spreadbetting]

Also need to bear in mind that if you back selections on betconnect and lay them on the exchange you'd be paying commission whatever the outcome - with betconnect if it wins or Betfair if it loses.

What do betconnect charge? Thanks for the help btw

[jimibt]

Also need to bear in mind that if you back selections on betconnect and lay them on the exchange you'd be paying commission whatever the outcome - with betconnect if it wins or Betfair if it loses.

from what i can see in the promo video, backing is achieved via backing with a high street bookie and laying is achieved via the platform. i may have picked up something wrong in my understanding, but i watched the video here: https://www.racingpost.com/news/new-soc ... ons/346426

[Derek27]

Also need to bear in mind that if you back selections on betconnect and lay them on the exchange you'd be paying commission whatever the outcome - with betconnect if it wins or Betfair if it loses.

What do betconnect charge? Thanks for the help btw

Subject to paragraph 12.3, Commission shall be charged to the Professional at the following rates:
(a) if the Bet Request is placed at evens, 3% of the total amount of all Bet Proportions which have been laid by Customers in respect to that Bet Request;
(b) if the Bet Request is placed at less than evens (i.e. “odds on”), 3% of any potential Winnings (whether or not Winnings are paid).

I think they mean evens or above, but strictly speaking, the way that is worded bets above evens are commission free!
https://www.betconnect.com/terms-conditions/

[Derek27]

Also need to bear in mind that if you back selections on betconnect and lay them on the exchange you'd be paying commission whatever the outcome - with betconnect if it wins or Betfair if it loses.

from what i can see in the promo video, backing is achieved via backing with a high street bookie and laying is achieved via the platform. i may have picked up something wrong in my understanding, but i watched the video here: https://www.racingpost.com/news/new-soc ... ons/346426

I was talking about from the 'pros' point of view. The 'pro' will pay commission for bets place, and if he's arbing pay Betfair commission on the losers he lays. The 'punters' are laying the 'pros' bets, and if they choose can cover themselves with a bookie.

[Dallas]

Things a bit scatty today?

Markets haven't looked appealing all week so decided I'd take a few days away the racing this week but will be getting back into it as from tomorrow

[jimibt]

whao - that's a surprise. an hour gap until next races!!