Matched bets

[steven1976]

Something i see in the markets is that some people slop back and forwards money between multiple accounts. Call it commission generating if you like. This can distort matched amounts and give a directional movement for markets to move in and can set up new price pointe by say setting up 10k 3 ticks away from the money and smashing into their own money. This would be done to take someones position and hold it in a loosing position long enough to decide how a race or event is panning out.

My question is, do you think the markets would be better if everyones matched bets showed the same as matched from a single account to cut positions. For example if i put 50 into the market and decided to go the other way, i put 100 in the opposite direction nd it appears as a matched bet rather than a pulled order. In my opinion it would create a fairer market than just allowing those who BF allow to link accounts before stopping people having multiple accounts a few years back.

I know there will be doubters saying it doesnt happen, but then again it may give others a few useful ideas.

[oscar123]

How much money do you need in your account to be able to control the markets in this way?

[steven1976]

I guess it depends on the types of markets. If you take football for example, they just control 3 blocks of money, so they can move up or down to hold some small loosing position long enough to gain a time advantage long term. I guess on some weak football markets 10k?

[oscar123]

So if you only need 10k to be able to control a weak football market and force other smaller traders into losing positions, why dont you just do it yourself?

Sounds like you will soon make your 10k back.

[steven1976]

Why so touchy about it?

I just asked if allowing bets matching this way would not just afford a potential edge just to people with linked accounts.

You dont even have to control the entire market as you perceive I am saying. You seem to have just get defensive about a possible edge I have brought up. Tell me the negatives about what I am saying?

[oscar123]

Wasn't being negative or defensive.

Was just asking why if matching your own money and controlling the market that way was such a sure fire way of making money, that you are not doing it yourself?

You're always saying about people matching their own money in order to hold other traders into losing positions and take their money. I just wondered what size of a bank you would need to achieve that, and if you had ever tried it.

[steven1976]

I cant do it myself as i never signed up for multiple accounts and bf stopped allowing new people to have multiple accounts. https://en-betfair.custhelp.com/app/ans ... account%3F

I dont do this for a living but I know people that do it for a living with football who line up money days before big games so that they can take out money at certain points and be first in the queue on the queue on games that have a directional bias.

My question was, if this type of trading was open to all, then would the markets be better?

I think in some weak markets it would help if their was more people able to operate the same way, but bf stopped multiple accounts and therefore it is not possible for myself to do this. Now when you open some markets in football and you just see 3 chunks of money and can see there is nothing much there as it appears very controlled.

[Jukebox]

As an aside - if an individual happened to have more than one account wouldn't betfair nevertheless continue to charge their commission on how those accounts faired separately in an individual market - which would make self matching as you describe a very expensive business - (even though they would link them for overall profitablity for pc purposes)

[steven1976]

Im not sure how they handle it but i presume this is one way of creating commissions to lower PC whilst at the same time creating liquidity. I presume the net balance between two accounts would be zero. I was advised in the past they can make exceptions. In my opinion it would create some interesting markets if everyone was doing it as prices would fly all over the place.