Farcical!!! - Manipulation of Betfair odds
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Yup saw them there. They seem to be choosing their races more than they used to.
Sound stage 16:10
At least we know it isn't Adam: -
http://adamheathcote.blogspot.com/2010/01/2010.html
At least we know it isn't Adam: -
http://adamheathcote.blogspot.com/2010/01/2010.html
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Unless he is trying to throw us all off the scent 
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lilgreenback
- Posts: 211
- Joined: Thu Apr 16, 2009 11:28 am
Hiya I)@v1d,
The reason the situation is "farciacal" but more than that is damn right annoying for the majority of BA users is this;
The exchange is all interlinked like a long rope if you flick it up and down it makes waves, prices go up and down all linked. The other thing that links this is that for every winner there has to be a loser.
If a price for a horse is available and not much money comes in for it the price drifts out, if someone backs it (a lot) the price comes in. (Soz I know you know that)
Now people may have Backed or layed and those prices may be waiting to be matched on one side of the book or the other.
Now if you have the equivilent of 6k being placed either side of say a horse at 6.6 and then suddenly myladdo drops 20k at 6.8 (what do you think happens) the price will drop completely to say 1.8 or 2.0 and it will eat upall the available cash down to that point.
This can happen on the back and the lay side. What will happen then is that the money will dissappear and possible reappear on the opposite of the book a minute or so later as other people recover to try to re-establish their position or make a little back. As that happens the big fish then mops up and closes his open position. Thank you and get the Bollinger on ice.
Or Newccie Brown as the case may be. I'm may not be very accurate but I think that is what just about happens.
Bloody annoying as it could be most of your bank wiped in one go.
Hope that helps a bit read through the thread of the posts from the start and the screen grabs will show you what has happened.
Cheers
LilGB
The reason the situation is "farciacal" but more than that is damn right annoying for the majority of BA users is this;
The exchange is all interlinked like a long rope if you flick it up and down it makes waves, prices go up and down all linked. The other thing that links this is that for every winner there has to be a loser.
If a price for a horse is available and not much money comes in for it the price drifts out, if someone backs it (a lot) the price comes in. (Soz I know you know that)
Now people may have Backed or layed and those prices may be waiting to be matched on one side of the book or the other.
Now if you have the equivilent of 6k being placed either side of say a horse at 6.6 and then suddenly myladdo drops 20k at 6.8 (what do you think happens) the price will drop completely to say 1.8 or 2.0 and it will eat upall the available cash down to that point.
This can happen on the back and the lay side. What will happen then is that the money will dissappear and possible reappear on the opposite of the book a minute or so later as other people recover to try to re-establish their position or make a little back. As that happens the big fish then mops up and closes his open position. Thank you and get the Bollinger on ice.
Or Newccie Brown as the case may be. I'm may not be very accurate but I think that is what just about happens.
Bloody annoying as it could be most of your bank wiped in one go.
Hope that helps a bit read through the thread of the posts from the start and the screen grabs will show you what has happened.
Cheers
LilGB
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Over at Ireland that time on Smoking Aces.
Does anyone know if this is one punter, a trader with too much money, a syndicate/business, a bookmaker or Peter Webb? 
There's been some strange money on Sports betting too -
This morning somebody put £200,000 in one hit on the lay side of Soderling at 1.12
It wouldn't surprise me if it's Betfair themselves!
Laying all their liabilities off from multiple bets taken
It would be pretty sly, but I wouldn't put it beyond them
There's been some strange money on Sports betting too -
This morning somebody put £200,000 in one hit on the lay side of Soderling at 1.12
It wouldn't surprise me if it's Betfair themselves!
Laying all their liabilities off from multiple bets taken
It would be pretty sly, but I wouldn't put it beyond them
