I noticed yesterday that whenever I place a sub-£2 bet using BA it appears the software only counts two bets. My question is, wouldn't Betfair count it as three bets? My understanding is that BA places a sub-£2 bet by placing a "dummy" £2 bet at odds of 1000, then "tops up" that bet with the desired amount, then edits the "top up" bet with the desired odds.
I ask because the other day I was charged for excess transactions. It wasn't for alot of money, but the way I set up the speadsheet was to specifically watch the Tx count and stop betting well before 1000 bets in an hour, so that seems to me to be the only way it could have gone over.
Transaction counting for sub-£2 bets
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marksmeets302
- Posts: 527
- Joined: Thu Dec 10, 2009 4:37 pm
They do, got hit by them a couple of times already.
They say "APING is free of charge to all developers until at least 12th January 2015 No data request charges for requests made via APING".
I think this only goes for requesting market data, not placing/modifying/cancelling orders.
They say "APING is free of charge to all developers until at least 12th January 2015 No data request charges for requests made via APING".
I think this only goes for requesting market data, not placing/modifying/cancelling orders.
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rupertslander
- Posts: 6
- Joined: Sat Dec 06, 2014 3:57 am
This is the message I got:
Hi **********,
We noticed that you're due to be charged a transaction charge for the first time today, so we wanted to make sure you understood this.
In addition to any commission payments, Betfair customers will be charged a transaction fee if they process a large number of transactions on either the main Betting Exchange or on Exchange Games.
For more information on this, please visit here: http://www.betfair.com/aboutUs/Betfair. ... /#charges4
Also, if you have any other queries/questions on this, please do get back in touch.
Kind regards,
Bradley Williams
Helpdesk Tel: 0344 871 0000
Ireland Tel: 1800 944 000
Australia Tel: 1300 238 324
International: +44 203 059 8888
For info on all our current promotions, click here: http://www.betfair.com/promotions
This customer services email is sent by Betfair Limited on behalf of one or more Betfair Group companies.
Betfair Limited | Winslow Road | Hammersmith Embankment | London | W6 9HP.
Registered in England and Wales under company number 5140986.
The information in this e-mail and any attachment is confidential and is intended only for the named recipient(s). The e-mail may not be disclosed or used by any person other than the addressee, nor may it be copied in any way. If you are not a named recipient please notify the sender immediately and delete any copies of this message. Any unauthorised copying, disclosure or distribution of the material in this e-mail is strictly forbidden. Any views or opinions presented are solely those of the author and do not necessarily represent those of the company. Betfair ® and the BETFAIR LOGO are registered trademarks of The Sporting Exchange Limited.
Hi **********,
We noticed that you're due to be charged a transaction charge for the first time today, so we wanted to make sure you understood this.
In addition to any commission payments, Betfair customers will be charged a transaction fee if they process a large number of transactions on either the main Betting Exchange or on Exchange Games.
For more information on this, please visit here: http://www.betfair.com/aboutUs/Betfair. ... /#charges4
Also, if you have any other queries/questions on this, please do get back in touch.
Kind regards,
Bradley Williams
Helpdesk Tel: 0344 871 0000
Ireland Tel: 1800 944 000
Australia Tel: 1300 238 324
International: +44 203 059 8888
For info on all our current promotions, click here: http://www.betfair.com/promotions
This customer services email is sent by Betfair Limited on behalf of one or more Betfair Group companies.
Betfair Limited | Winslow Road | Hammersmith Embankment | London | W6 9HP.
Registered in England and Wales under company number 5140986.
The information in this e-mail and any attachment is confidential and is intended only for the named recipient(s). The e-mail may not be disclosed or used by any person other than the addressee, nor may it be copied in any way. If you are not a named recipient please notify the sender immediately and delete any copies of this message. Any unauthorised copying, disclosure or distribution of the material in this e-mail is strictly forbidden. Any views or opinions presented are solely those of the author and do not necessarily represent those of the company. Betfair ® and the BETFAIR LOGO are registered trademarks of The Sporting Exchange Limited.
Last edited by rupertslander on Sun Jan 04, 2015 8:44 pm, edited 1 time in total.
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rupertslander
- Posts: 6
- Joined: Sat Dec 06, 2014 3:57 am
I am pretty sure the charges are for excessive number of bets. I'm not questioning whether the charge is legitimate.
Rather, my question is - why is the software counting only two transactions in situations where it appears it should be counting three?
Rather, my question is - why is the software counting only two transactions in situations where it appears it should be counting three?
Betfair defines a 'transaction' as something that generates a new bet reference. So things like stake reduction or bet cancellation are not considered to be a transaction by betfair.rupertslander wrote:why is the software counting only two transactions in situations where it appears it should be counting three?
Are sure about that? I thought a cancelOrder request counts as one transaction?Bet Angel wrote:Betfair defines a 'transaction' as something that generates a new bet reference. So things like stake reduction or bet cancellation are not considered to be a transaction by betfair.rupertslander wrote:why is the software counting only two transactions in situations where it appears it should be counting three?
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rupertslander
- Posts: 6
- Joined: Sat Dec 06, 2014 3:57 am
That explanation makes sense, since placing a sub-£2 bet would, by my count, generate three bet references.Bet Angel wrote:Betfair defines a 'transaction' as something that generates a new bet reference. So things like stake reduction or bet cancellation are not considered to be a transaction by betfair.rupertslander wrote:why is the software counting only two transactions in situations where it appears it should be counting three?
What we haven't yet explained is why, under these circumstances, Bet Angel is only counting two transactions.