what's happened to the pre-race markets this week?
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Finding this afternoon terrible - calling it a day here.
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RideTheLightning
- Posts: 136
- Joined: Fri Jul 03, 2009 1:08 am
Finding it pretty tough today. As for previous days: Monday off, Tuesday, very good, Wed Average.
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
finding it a bit better today. let the 5f Lingfield race go in-play but got away with it for a change.
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
Originally I wasn’t going to post up the details on the forum of what I received from BF and chose only to send the details to a select people that PM me. I’ve had so many people writing to me to explain that I thought it would only be fair to post up the details.
Basically, as everyone will have seen, I make it clear in my posts that I'm sure an entity controls the front of the market. This I accept if its on a level playing field but I 110% believe it is not a level playing field. The guys that have posted in this thread who said they don’t understand how thousands can be getting matched and then against their bet it goes the other way I fully understand which is what led me to basically asking BF if it is possible to self match my own bets.
As I so strongly believed it happens I thought that who ever it is must have at some time approached BF with a proposal that would benefit both BF and the entity. Therefore I took the same approach. I decided that by selecting a liquid market I would have no chance of getting a reply and there is no gain for BF. Therefore I decided to pick out a market that has no liquidity and offer to add the liquidity to attract “punters” and “want to be traders”. I thought the only way to attract people however is to make a market look active (matched bets) and therefore advised this would be what I needed to bring liquidity to that particular market. This therefore would therefore be profitable to BF because an active moving market is what attracts punters and traders.
Two weeks later I was contacted saying that usually BF look out for people working in this way, but as I was a special case they agreed that it would make an allowance against my accounts to allow me to trade this way.
So in short, It is possible to self match on BF. Does it happen on the horse racing? I personally believe yes 200% but I can’t prove it. Euler asked which markets I think its happening. My simple answer is, every single market.
The above would also explain about that crazy bomber. What bomber? If you had the ability to drop a 30K bomb against your own money for 25K and drop the price against the other 5K, 5 ticks!
Basically, as everyone will have seen, I make it clear in my posts that I'm sure an entity controls the front of the market. This I accept if its on a level playing field but I 110% believe it is not a level playing field. The guys that have posted in this thread who said they don’t understand how thousands can be getting matched and then against their bet it goes the other way I fully understand which is what led me to basically asking BF if it is possible to self match my own bets.
As I so strongly believed it happens I thought that who ever it is must have at some time approached BF with a proposal that would benefit both BF and the entity. Therefore I took the same approach. I decided that by selecting a liquid market I would have no chance of getting a reply and there is no gain for BF. Therefore I decided to pick out a market that has no liquidity and offer to add the liquidity to attract “punters” and “want to be traders”. I thought the only way to attract people however is to make a market look active (matched bets) and therefore advised this would be what I needed to bring liquidity to that particular market. This therefore would therefore be profitable to BF because an active moving market is what attracts punters and traders.
Two weeks later I was contacted saying that usually BF look out for people working in this way, but as I was a special case they agreed that it would make an allowance against my accounts to allow me to trade this way.
So in short, It is possible to self match on BF. Does it happen on the horse racing? I personally believe yes 200% but I can’t prove it. Euler asked which markets I think its happening. My simple answer is, every single market.
The above would also explain about that crazy bomber. What bomber? If you had the ability to drop a 30K bomb against your own money for 25K and drop the price against the other 5K, 5 ticks!
Yes, I think it's appropriately re-raised the issue.
The markets are very skittish recently and not behaving in the same manner they have in the past. I don't think its your system that has failed, the markets have shifted in general. It does raise suspicions somewhat.
The markets are very skittish recently and not behaving in the same manner they have in the past. I don't think its your system that has failed, the markets have shifted in general. It does raise suspicions somewhat.
It has been coming a while, I simply no longer have enough time to study the markets as closely as before and to update for changes.
I find that times of transition such as jumps/flat and introduction of evening racing disrupt the normal market flow. With any luck they may settle within a week or so and we will see better conditions. I am not entirely confident that I will see a full return but that is the nature of the game we are in.
On a side note I find it interesting that many people find the 'conditions' 'poor' when we all have different strategies - I guess things like fill-rate and liquidity are global indicators of the quality of markets.
I find that times of transition such as jumps/flat and introduction of evening racing disrupt the normal market flow. With any luck they may settle within a week or so and we will see better conditions. I am not entirely confident that I will see a full return but that is the nature of the game we are in.
On a side note I find it interesting that many people find the 'conditions' 'poor' when we all have different strategies - I guess things like fill-rate and liquidity are global indicators of the quality of markets.
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
mcfc1981, i agree.
i keep seeing a price to jump to a price point and the matched totals on the ladder suddenly tick up in a way that doesn't reflect what's actually happening... i can only be sure in the cases when i've actually got money there. i know the matched money is shown as double, but this doesn't account for it.
i keep seeing a price to jump to a price point and the matched totals on the ladder suddenly tick up in a way that doesn't reflect what's actually happening... i can only be sure in the cases when i've actually got money there. i know the matched money is shown as double, but this doesn't account for it.