Has anyone noticed this bot in the horse racing markets?
Usually about 10 ticks below the spread, 3 lots of 400 at 2 tick intervals.
No doubt grabbing backs higher up and then locking in the profit with the 400 anchors at the front of the queue when the price comes in.
Of course, the owner of the bot maybe on this forum.
The '400 Bot'
The bot has threesomes on every runner. Although the higher the odds, the lower the value on each threesome. The highest odds on each gives a lay overround of about 120%. They are never seen above the spread.
Sometimes they move together as the spread moves. At other times not.
Sometimes they move together as the spread moves. At other times not.
It seems to be just below the sportsbook price, I just don't see the point of it? Why as a bookmaker would you want to increase your liability on a runner that is steaming past your fixed odds price?
Or is this an awful way to make sure their sportsbook prices are inline, as the 'crack trading team' used to provide some cracking arbs!
Or is this an awful way to make sure their sportsbook prices are inline, as the 'crack trading team' used to provide some cracking arbs!