I have a question to the pro's.
Are there people on here, who have easy to copy systems, who use one of the two big bot software's or both and did their trades over a long time without someone copying them?
I use the other big bot software currently, but i'm planning to purchase betangel as well.
Surely this would be stupid from them and can be ruled out?
Could they shadow your trades?
I think you have more to fear from the exchange copying your betting patterns. API vendors don't record or have access to betting patterns but people at the exchanges do. I've no evidence to suggest that this happens but there is your weak point.
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
do you mean front-running?Euler wrote:I think you have more to fear from the exchange copying your betting patterns. API vendors don't record or have access to betting patterns but people at the exchanges do. I've no evidence to suggest that this happens but there is your weak point.
If an exchange wanted to replaced missing liquidity it wouldn't be impossible for them to front run prices for sure.
If you look at IG Index etc, there don't hedge all positions on financial markets. Instead they effectively run a book on the spread and the open risk they have. If that gets out of kilter they hedge it. This is why they are much more profitable than Betfair. I think they did abandon hedging at somepoint as it prove more profitable in the long term.
If you look at IG Index etc, there don't hedge all positions on financial markets. Instead they effectively run a book on the spread and the open risk they have. If that gets out of kilter they hedge it. This is why they are much more profitable than Betfair. I think they did abandon hedging at somepoint as it prove more profitable in the long term.