Crazy spikes

[CaerMyrddin]

Is that possible? Being self-matched? Using the same account? Thanks!

[hgodden]

I Think this person is predominantly matching his own bets.
He jumps in with a big back bet say 10k and places it several ticks lower than the current back price, most of the lay side is made from his money and is matched by him self leaving him with a zero ish position,
the price then obviously colapses which alows him to get his his actual lay bets matched,
The price then rebounds and he closes out the trade.

This is why you dont see his 10k up trying to exit his position as he's already been matched by himself.
Just a diff way of spoofing imo.

Nice idea but there's always other people's lay money that his spikes will be taking so he will never have a zeroish position after an initial spike. I've seen him in many different types of markets with varying amount below that he has smaashed. He has also gone in play various times when not getting matched with his monstrous orders. IMO the laying that goes on at the bottom is just people smart enough to realise that he has pushed the price way too low and who are happy to take large liabilities against him at a price they perceive as being value. 2 or 3 Saturdays ago he hit something like 20 races in a row with most of the horses backed being losers - as far as I'm aware he hasn't been back since....

[freddy]

I Think this person is predominantly matching his own bets.
He jumps in with a big back bet say 10k and places it several ticks lower than the current back price, most of the lay side is made from his money and is matched by him self leaving him with a zero ish position,
the price then obviously colapses which alows him to get his his actual lay bets matched,
The price then rebounds and he closes out the trade.

This is why you dont see his 10k up trying to exit his position as he's already been matched by himself.
Just a diff way of spoofing imo.

Nice idea but there's always other people's lay money that his spikes will be taking so he will never have a zeroish position after an initial spike. I've seen him in many different types of markets with varying amount below that he has smaashed. He has also gone in play various times when not getting matched with his monstrous orders. IMO the laying that goes on at the bottom is just people smart enough to realise that he has pushed the price way too low and who are happy to take large liabilities against him at a price they perceive as being value. 2 or 3 Saturdays ago he hit something like 20 races in a row with most of the horses backed being losers - as far as I'm aware he hasn't been back since....

It's only an idea of mine not saying it's what he is doing, he's probably just a footballer with way to much money on his hands ,
I think it would work thoe, the other people' money that is matched along side his own would be traded out with his proper lay bets at the lower odds and
you would only do it when the money availible was in your favor ie most of the other peoples money was at the higher back odds giving you a higher average back price if that makes sence.

[CaerMyrddin]

I tried to cover my own money on a very low liquidity market and it can't be done. The traded amount didn't change and remained at zero.

It was as I had cancelled my bet.

The only way to do it was to use two different accounts, but then comissions would make the whole bussiness unprofitable?

[freddy]

Dont know really, don't have the funds to test myself
was just an idea, if you need two accounts prob not be worth it.

[wrexham casual]

Catterick 4.30pm

Madness!

[dan_payne182]

Of course you can take your own money. fire up BA right now and go onto an inactive market, put £2 in a back and take it with a £2 lay. Never looked at the matched total so don't know if it will contribute....i'll have a play

Edit: You can take your own money, but it looks equal to a cancel and doesn't affect the total matched. So by all means this guy could do it, with maybe a small part of his order getting matched. Interesting strategy, i might load a few hundred K into betfair and give it a go myself

[LeTiss]

You can take your own money, but it adds nothing to the matched total

In the early days of Betfair I'm pretty sure it did register, but this was clearly a way of distorting the liquidity and it was modified

[CaerMyrddin]

I'm sorry Dan, but I can't understand your point. You can do it, but what's the use? You won't make a spike like the one you can see in the graph...

[PeterLe]

...If you were to match your own bets would this serve to reduce your Premium Charge?
Thanks
Peter

[freddy]

Of course you can take your own money. fire up BA right now and go onto an inactive market, put £2 in a back and take it with a £2 lay. Never looked at the matched total so don't know if it will contribute....i'll have a play

Edit: You can take your own money, but it looks equal to a cancel and doesn't affect the total matched. So by all means this guy could do it, with maybe a small part of his order getting matched. Interesting strategy, i might load a few hundred K into betfair and give it a go myself

If you do remember to send me my 25% in Royalty Fees

[dan_payne182]

I'm sorry Dan, but I can't understand your point. You can do it, but what's the use? You won't make a spike like the one you can see in the graph...

My point simply to answer your previous question

Is that possible? Being self-matched? Using the same account? Thanks!

sorry for any confusion

[fink nottle]

Seems to be a lot of holding - laying money today on the front 3 several grands coming in and out. anybody notice it?

[dan_payne182]

yeah never seen that before, 10k on the favorite of the 15:40 - kept coming in and out but wasn't fake, as it was all eventually matched. not sure what they were trying to accomplish

[pt9091]

the same has been happening in the evenin races over the last couple of nights!