That's almost certainly money swapping going on.steven1976 wrote:This one only had 10-20 quids trading when this happened.
Betfair chart / Betfair graph of the day
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andyfuller
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Why would someone be money swapping like that? I used to have a few ideas but have forgotten them now.
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
To long out the game Andy if you have forgot! 
A couple of obvious things are,
1) Line up money and smash through 5-6 positions depending upon the market to create an impression of a movement to get others to follow.
2) Put up big amounts to scare away the market and slowly sell off just in front. Matching down the big amount slowly and then add another big amount to it, to make it look like you really do desperately want a lot of money matched.
However, for those who have ideas, make sure you check with BF first. I know from first hand experience they will make allowances and link accounts, but if you try going under the radar, they do have their fraud team watching out for it because obviously they are worried of PC avoidance of slopping wins to accounts on lower or none PC levels.
A couple of obvious things are,
1) Line up money and smash through 5-6 positions depending upon the market to create an impression of a movement to get others to follow.
2) Put up big amounts to scare away the market and slowly sell off just in front. Matching down the big amount slowly and then add another big amount to it, to make it look like you really do desperately want a lot of money matched.
However, for those who have ideas, make sure you check with BF first. I know from first hand experience they will make allowances and link accounts, but if you try going under the radar, they do have their fraud team watching out for it because obviously they are worried of PC avoidance of slopping wins to accounts on lower or none PC levels.
I think that when a big bet comes from sportsbook there's a bot that tries to hold the market until it gets matched. And holding the market is by swapping money. For example first a big lay followed by closing big back, then medium lay medium back and then a smaller lay smaller back. All this time injecting parts of big bet that comes from sportsbook. Such activity freezes the market's filling rate in one point. People might panic getting out and this creates even more liquidity. Otherwise they would get a worse price. Also fractional odds allow for a bit of margin.
It is interesting to see if betdaq have a similar sort of activity on their markets a the same moment.
This should have an impact on matched volumes overall. And this all began with new API.
Btw does premium charge apply to betfair spotsbook users? or only to exchange?
It is interesting to see if betdaq have a similar sort of activity on their markets a the same moment.
This should have an impact on matched volumes overall. And this all began with new API.
Btw does premium charge apply to betfair spotsbook users? or only to exchange?
Yeah, that's a good question about sportsbook.
It is interesting to see if betdaq have a similar sort of activity on their markets a the same moment.
This should have an impact on matched volumes overall. And this all began with new API.
Btw does premium charge apply to betfair spotsbook users? or only to exchange?[/quote]
It is interesting to see if betdaq have a similar sort of activity on their markets a the same moment.
This should have an impact on matched volumes overall. And this all began with new API.
Btw does premium charge apply to betfair spotsbook users? or only to exchange?[/quote]
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
It would be interesting to hear Peters opinion as to why he believed it was surely money swapping on that particular race. I can imagine why, but there is no point guessing if he is willing to share his views.
Just out of interest, have these big trades continued throughout the weekend Naffman? I have not been on Ausy racing this weekend.
Just out of interest, have these big trades continued throughout the weekend Naffman? I have not been on Ausy racing this weekend.
When the Aussie bomber is there, I make more money.Naffman wrote:I only traded Saturday and I'm not sure he was there. I'm hoping he can keep it going though!
I was only automated and didn't look in on Saturday or Sunday, so can't say how Saturday or Sunday fared.
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steven1976
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This one felt real so fair play to whoever backed it just before the off.
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steven1976
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It felt like a bet to me as usually when the big numbers come in the market just jogs along as though nothing happened, but it felt for a split second a decision had to be made, if that makes sense. It was going on slow drift at 1.5 prior to that.
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
but your probably right herbie, it probably just was numbers matching. It just felt a little different.
I saw one on football last night, i shit you not, where say there was a matched volume at 1.4 for 6K on a really poor match. Few seconds later the matched amount had moved up to 1.42. Id had a long day and a couple of beers after a flight so it could have been the beers, but i dont like to just say things unless.
They are giving money away. They are making it to obvious and easy!
I saw one on football last night, i shit you not, where say there was a matched volume at 1.4 for 6K on a really poor match. Few seconds later the matched amount had moved up to 1.42. Id had a long day and a couple of beers after a flight so it could have been the beers, but i dont like to just say things unless.
They are giving money away. They are making it to obvious and easy!