BBC THREE - Can you beat the bookies

[Archangel]

The whole courtsiding thing is a bit of a scummy business too. Just sneaking in and trying to get ahead of the market. It doesnt require countless hours of effort to try and find an edge like most traders have to. You just need to grow your hair or wear a hat !

[Kai]

The whole courtsiding thing is a bit of a scummy business too. Just sneaking in and trying to get ahead of the market. It doesnt require countless hours of effort to try and find an edge like most traders have to. You just need to grow your hair or wear a hat !

A bit scummy? It's literally cheating, betting on a result that is already known.

[Derek27]

The whole courtsiding thing is a bit of a scummy business too. Just sneaking in and trying to get ahead of the market. It doesnt require countless hours of effort to try and find an edge like most traders have to. You just need to grow your hair or wear a hat !

A bit scummy? It's literally cheating, betting on a result that is already known.

It's not betting on a result that's already known. It's betting today at yesterday's prices. Everybody's warned about picture delay so there's really no excuse these days for getting caught out.

[Archangel]

A bit scummy? It's literally cheating, betting on a result that is already known.

I wouldnt go so far as to say its cheating. Its certainly not very gentlemanly behaviour though

[PeterLe]

All's fair in love and war
You could extend that thinking to say,
- whoever has the fastest connection to the exchange
- has the best data set of past info
- etc etc
is cheating
I say good luck to them
Id be doing it if I had the time and inclination
Regards
Peter

[ThePieThrower]

Very suprised with how much they were getting on and how much they were winning before being restricted. Thought 365 would have a more advanced 'alert system ' than that!

[Kai]

All's fair in love and war
You could extend that thinking to say,
- whoever has the fastest connection to the exchange
- has the best data set of past info
- etc etc
is cheating
I say good luck to them
Id be doing it if I had the time and inclination
Regards
Peter

Can't really comment on the context of courtsiding in this video since I haven't seen it, but in general I consider betting on a known outcome to be straight up cheating and that's where I draw the line compared to actual trading Courtsiding aside, there are still markets on the exchange where it's sometimes possible to bet on known outcomes and be faster than the market, there are people who still depend on this so I don't want to go into details just for the sake of the argument, but they do so from the comfort of their homes without actually taking on any real risk. I'm sure there were incredible opportunities to abuse this many years ago, way before my time, it's not my place to namedrop but even some of the most known football traders publicly admitted to abusing these types of opportunities in certain leagues before Betfair sorted out their suspend mechanics. I would probably do the same given the opportunity, if Betfair didn't care about it then it's not technically against the rules so it can't even be called cheating

Meanwhile outside of the sports exchange people are getting jailed for insider trading (knowing certain outcomes by possessing confidential information) or even spoofing (market manipulation), but on Betfair I guess anything goes really as long as you're bringing liquidity to the exchange and paying your charges.

[Archangel]

Some people find this hard to believe but there are some traders out there who still trade on in-play horse racing markets from home, using commercially available pictures. Thats a different skill in itself, race reading, as opposed to betting on a known outcome

[ThePieThrower]

All's fair in love and war
You could extend that thinking to say,
- whoever has the fastest connection to the exchange
- has the best data set of past info
- etc etc
is cheating
I say good luck to them
Id be doing it if I had the time and inclination
Regards
Peter

Can't really comment on the context of courtsiding in this video since I haven't seen it, but in general I consider betting on a known outcome to be straight up cheating and that's where I draw the line compared to actual trading Courtsiding aside, there are still markets on the exchange where it's sometimes possible to bet on known outcomes and be faster than the market, there are people who still depend on this so I don't want to go into details just for the sake of the argument, but they do so from the comfort of their homes without actually taking on any real risk. I'm sure there were incredible opportunities to abuse this many years ago, way before my time, it's not my place to namedrop but even some of the most known football traders publicly admitted to abusing these types of opportunities in certain leagues before Betfair sorted out their suspend mechanics. I would probably do the same given the opportunity, if Betfair didn't care about it then it's not technically against the rules so it can't even be called cheating

Meanwhile outside of the sports exchange people are getting jailed for insider trading (knowing certain outcomes by possessing confidential information) or even spoofing (market manipulation), but on Betfair I guess anything goes really as long as you're bringing liquidity to the exchange and paying your charges.

Cheating or not anyone can do it so good look to those who can make it pay

[MemphisFlash]

what i'd like to know is this, 4 years ago i won £160,000 in two weeks starting from £5000 all on tennis.
My biggest bet was £105,000 on a 1/7 shot.
I have had my Bet 365 account since 2003.
I have never had any restrictions on my account on anything wether it is promotions, max bet, or anything else
In fact they give me money from time to time for being a loyal customer.
Why?

[PeterLe]

what i'd like to know is this, 4 years ago i won £160,000 in two weeks starting from £5000 all on tennis.
My biggest bet was £105,000 on a 1/7 shot.
I have had my Bet 365 account since 2003.
I have never had any restrictions on my account on anything wether it is promotions, max bet, or anything else
In fact they give me money from time to time for being a loyal customer.
Why?

Your not Denise Coates son are you ?

[MemphisFlash]

No i'm not. I employed a strategy that i still use from time to time on BET365 . on their tennis markets.
I Started on Online poker with them back in 2003. Won some, lost more. Gave it up as a bad idea,
switched to BlackJack. Won some lost some, but this lead me to live casino action at the grosvenor leicester.

[Derek27]

Some people find this hard to believe but there are some traders out there who still trade on in-play horse racing markets from home, using commercially available pictures. Thats a different skill in itself, race reading, as opposed to betting on a known outcome

Dead right. The important thing is knowing what the delay is. If you're backing a horse in the middle of a 3-mile chase that's come off the bridle and hit a 3-figure price, there is a high probability that it's at that price because it's off the bridle rather than fallen. It could well be a horse that habitually hits flat spots in its races but still responds well at the business end and that's what gives race readers the edge over the unskilled who can only rely on fast pics.

[Derek27]

what i'd like to know is this, 4 years ago i won £160,000 in two weeks starting from £5000 all on tennis.
My biggest bet was £105,000 on a 1/7 shot.
I have had my Bet 365 account since 2003.
I have never had any restrictions on my account on anything wether it is promotions, max bet, or anything else
In fact they give me money from time to time for being a loyal customer.
Why?

Well done for winning £160K and keeping your account but I reckon it's a sports-related thing. Bet365 restricted me after winning about £350 (I'd like to say £365) arbing on US racing but I know my brother places spread bets and sometimes arbs them with bookies (mainly football, rugby, cricket) to either guarantee a profit or exceptional odds, but he doesn't get restricted.

It may also depend on the nature of the bets that won you £160K. Have £25 on a horse at 12-1 that goes off 6-1 and they'll think you're taking the piss and put you on their hit list. If you're betting at more competitive odds it may not rock the boat. I doubt they'd be concerned about the £105K at 1-7, if anything they would be happy to take more of them hoping for a pay day!

[JTEDL]

On BBC1 1035pm tonight if anyone not seen it or not subscribed to iplayer.