Hi, It would be handy to know how much money was in the queue before your money was to be matched, any way in a future version where you could switch between money matched (full market depth) on a price to show you where in the queue your money is. Handy for markets like tennis or football where many thousands can come in at a low price.
Steve
Money in queue
Betfair don't stream data through the API or web site so there is no definite way of telling where you are in the order book. You can poll for the data regulary but it doesn't give you a very good idea of what is actually going on in the market. I doubt Betfair will implement anything like this unless they upgrade the entire exchange process.
some money gets canceled, so you should get matched earlier, but i am quite sure that there are money that doesn't have to wait in queue. Try to trade pre-off soccer then there are big amounts of money waiting, place a order look at money in queue and amount matched and you should get an idea when your money should start matching, but that never happened for me, i always had to wait a lot moreJoao wrote:Betangel could give an aproximate value.
For example if there is 50.000 to be matched by the time we place an order and 270.000 matched in that odd, We know that our money will be matched when volume reaches 320.000, if i'm not mistaken...
maybe i am just really bad at math (studying computer science), but that is happening quite often...Someone said, in another thread, that the amount matched includes both the back and lay sides - i.e. if £10 back money is matched with £10 lay money, the amount matched goes up by £20. So if you think there's £500 in the queue ahead of you, the amount matched needs to increase by £1000 before you'll get matched.poklius wrote:place a order look at money in queue and amount matched and you should get an idea when your money should start matching, but that never happened for me, i always had to wait a lot more...
that's something i didn't knew, thanks!Dogmatic wrote: Someone said, in another thread, that the amount matched includes both the back and lay sides - i.e. if £10 back money is matched with £10 lay money, the amount matched goes up by £20. So if you think there's £500 in the queue ahead of you, the amount matched needs to increase by £1000 before you'll get matched.
Hi all,
I had a thought about this.
how about if BA had a feature where when you placed an order on a slow moving high volume market such as pre KO football you could launch an 'estimated seconds to match' calculator that would auto estimate when you are likely to get matched based on the amount waiting & the amount getting matched / second on BF?
You would need to enter the amount when you placed the order & then start it up & it could adjust on a moving average basis.
Something similar to when you download a file & windows estimates the time remaining.
I'm not sure if this is possible but maybe the BA whizzkids can make it work.Afterall that's why they get paid the big bucks
Ben
I had a thought about this.
how about if BA had a feature where when you placed an order on a slow moving high volume market such as pre KO football you could launch an 'estimated seconds to match' calculator that would auto estimate when you are likely to get matched based on the amount waiting & the amount getting matched / second on BF?
You would need to enter the amount when you placed the order & then start it up & it could adjust on a moving average basis.
Something similar to when you download a file & windows estimates the time remaining.
I'm not sure if this is possible but maybe the BA whizzkids can make it work.Afterall that's why they get paid the big bucks
Ben
I'm presuming that there are quite few people using Bet Angel whose method of trade is predomintely of scalping especially in football matches and even horse racing. Successful scalpers are probably able to work their place in the queue and the rate at which bets are getting matched. And get successful return based on this skill which probably takes lot of time to develop and internalise.
Now, if there was an automatic way of doing this then people/institution with big IT infrastructure and knoledge would quite easily be able to put together algorithm that would take advantage of this knowledge and put most scalpers out of business which is probably last thing anyone of us want here, or am I just getting carried away with my imagination?
Now, if there was an automatic way of doing this then people/institution with big IT infrastructure and knoledge would quite easily be able to put together algorithm that would take advantage of this knowledge and put most scalpers out of business which is probably last thing anyone of us want here, or am I just getting carried away with my imagination?
You don't need the infrastructure of a big company to make those calculations. It's surprising how powerful an Intel I7 actually is. Run some unmanaged c++ code for your maths and you should be fine.
I have had a look at similar things to this. One of the interesting areas is artificial neural nets. I've read that neural nets are used in financial trading so it would be interesting to set one up and give it a crack on the horses
Unfortunately its going to take a lot more reading and learning before I can even attempt to incorporate one into some basic trading software.
I have had a look at similar things to this. One of the interesting areas is artificial neural nets. I've read that neural nets are used in financial trading so it would be interesting to set one up and give it a crack on the horses
Unfortunately its going to take a lot more reading and learning before I can even attempt to incorporate one into some basic trading software.
I get a bit frustrated when i read posts like this.
Bet Angel is a brilliant TOOL. Like all tools it serves a purpose. It has loads of amazing features that help you along the way.
I think many of you want the software to make up for your poor strategies and inexperience. There is a guy posting in another thread asking along the lines of "how much would i need to invest to make just £300 a week"? Jezzzzus
For those of you that think you need "game changing" advantages like this I suggest you go back and look long and hard at what you are doing. Trading isn't really that difficult once the penny drops. I think we can over complicate things way too much.
Get the basic skill right and it all falls into place. There is no golden chalice, there is no bot or piece of software that you can turn on like a cash machine. It's about understanding the market, managing risk and keeping discipline. The rest is smoke and mirrors.
I am sure most of you guys that make a living on Betfair would agree with some , if not all of what I am saying. If not bring on the abuse lol I am not trying to be clever , just giving my opinion of how i see it.
Bet Angel is a brilliant TOOL. Like all tools it serves a purpose. It has loads of amazing features that help you along the way.
I think many of you want the software to make up for your poor strategies and inexperience. There is a guy posting in another thread asking along the lines of "how much would i need to invest to make just £300 a week"? Jezzzzus
For those of you that think you need "game changing" advantages like this I suggest you go back and look long and hard at what you are doing. Trading isn't really that difficult once the penny drops. I think we can over complicate things way too much.
Get the basic skill right and it all falls into place. There is no golden chalice, there is no bot or piece of software that you can turn on like a cash machine. It's about understanding the market, managing risk and keeping discipline. The rest is smoke and mirrors.
I am sure most of you guys that make a living on Betfair would agree with some , if not all of what I am saying. If not bring on the abuse lol
I am not trying to be clever , just giving my opinion of how i see it.