Australian racing

The sport of kings.
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Derek27
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rik wrote:
Tue Jun 16, 2020 7:07 am
Derek27 wrote:
Tue Jun 16, 2020 12:45 am
rik wrote:
Mon Jun 15, 2020 11:37 pm
maybe with smarkets? work out how much comission you need to get over the 1,25% should work out cheaper
or let a few bets run and hope variance not too bad
whats your discount rate?
What do you mean by working out commission to get over 1.25%?
not 100% sure i understood this right but one of the conditions is:
„the total commission generated by the customer on turnover charge markets is less than 1.25% of the aggregate value of matched back bets“
so if you were monitoring/estimating your commission and generated whatever the difference, might be more viable than staying under the volume condition?
Also if you are or looking to or are currently on premium charge, generated commission is subtracted whereas turnover charge isnt
I get what you mean now. If you're a straight punter without a discount rate you generate 1.5% commission on all losses, more on winners as long as they're not long odds-on. That rule is simply to allow punters to slip through the net. There's no realistic chance of a trader paying that much on profits when your profits could just be a few percent. Make a 2% profit and your commission on turnover is less than 0.1%.

As for arbing, the beauty of NSW markets is that you can have a three-figure sum on at 4.5 and trade it a few seconds later at 4.2. Don't know what Smarkets is like but I think it's unlikely it would have the liquidity to off-load your trade.
Anbell
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Did WFRM R1 go in play?
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megarain
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Yes .. Betfair screwed up AGAIN and voided all bets in running.

Just beyond belief.
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megarain
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A for effort.

Needs to work on camouflage
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NickH
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Haha nice one. Should be fine if it is just him right? :D
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Derek27
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Gold Coast and Coffs Harbour abandoned.
TipTopTrader
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Service outage from 4pm to 4.30pm today
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Derek27
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TipTopTrader wrote:
Fri Jun 19, 2020 1:31 am
Service outage from 4pm to 4.30pm today
Thanks, I was in two minds whether to bother with tonight or get up early for Ascot.
eightbo
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TipTopTrader wrote:
Fri Jun 19, 2020 1:31 am
Service outage from 4pm to 4.30pm today
is that AEST meaning 07:00-07:30 GMT?
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Derek27
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Sub 80p bets still not working on the API. At least there'll be no penny shavers. :D
eightbo
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Just realised thats from yesterday
ive rinsed through £500 nsw back bets in about 20s there on that shorty at randwick, oops
eightbo
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got your name all over it derek
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Derek27
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eightbo wrote:
Sat Jun 20, 2020 2:34 am
Just realised thats from yesterday
ive rinsed through £500 nsw back bets in about 20s there on that shorty at randwick, oops
I traded more than I intended in R1 but at least I've saved nearly all my chips for today. :D
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Derek27
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Seems to be taking small back bets now but not lay bets.
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gazuty
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Derek27 wrote:
Sat Jun 20, 2020 3:05 am
Seems to be taking small back bets now but not lay bets.
Yep something has happened.
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