Sure. They must be taking on some pretty big liability at times with that kind of thing though, IMO I can't see a way how they could square things up.
I think whoever does that kind of thing must have some sort of deal with betfair to work as a market maker and not pay commission in the traditional sense or they just couldnt make it work, given the tightness of the spreads.
Royal Ascot 2012
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JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
Actually he is 1lb inferior to the great Dancing Brave. Still an awesome beast and it is a shame he doesn't run the same distance as Black Caviar.mugsgame wrote:Ah Frankel............
Officially THE best horse in the world.....ever
BC who are you?
Soory 'bout that. Love winding up the Aussies
Gotta admit he was awesome.
I can't see how they can make it work, but there are all over the place this week. I went up against them on that one. So we couldn't have both made money you would think.hgodden wrote:Sure. They must be taking on some pretty big liability at times with that kind of thing though, IMO I can't see a way how they could square things up.
I think whoever does that kind of thing must have some sort of deal with betfair to work as a market maker and not pay commission in the traditional sense or they just couldnt make it work, given the tightness of the spreads.
Saw it. Same person is often around the 4 and 6 mark.
Interesting how the guy who used to do something similar, albeit a lot more crudely, has disappeared since betfair changed their t+c's about dominating the market (i.e. the bloke who used to just put 15k on both sides on any old race)
Interesting how the guy who used to do something similar, albeit a lot more crudely, has disappeared since betfair changed their t+c's about dominating the market (i.e. the bloke who used to just put 15k on both sides on any old race)
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rubysglory
- Posts: 309
- Joined: Thu Nov 04, 2010 7:02 am
Missed this change. What exactly did they want to try and stamp out ?hgodden wrote:betfair changed their t+c's about dominating the market
rg
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
and 10s and 3s!hgodden wrote:Saw it. Same person is often around the 4 and 6 mark.
Interesting how the guy who used to do something similar, albeit a lot more crudely, has disappeared since betfair changed their t+c's about dominating the market (i.e. the bloke who used to just put 15k on both sides on any old race)
What did they change in their terms to stop someone just stacking money both sides?
I don't have the quote in front of me but it was maybe 6 months to a year ago when they brought in a few new t+c's. I think I remember the phrase being something about stopping behaviour that threatens the 'integrity of the exchange' or something like that which only made me laugh as there's something fishy going on most runners in pretty much every race, if not any monkey could just come along and make money by following the WOM, as apparantly you could at the start of the exchange.
It's probably on the betfair announcements part of the website if anyone is interested. Of course, the person who used to stick 20k on both sides could have just gone broke!
It's probably on the betfair announcements part of the website if anyone is interested. Of course, the person who used to stick 20k on both sides could have just gone broke!
Specific Conditions relating to betting on the Exchange
3.
Operation of the Exchange
We reserve the right to refuse to post your offer on our Exchange without giving prior notice.
We may restrict you from using programs designed to automatically place bets within certain parameters (e.g. to back or lay at a certain price) ("bots") either generally or in relation to any specific bot if we believe that you have used a bot:
i.to the detriment of our business;
ii.to place bets on, or manipulate, any Market which has the purpose or effect of adversely affecting the integrity of the Exchange or any Market.