24.10.11 - Manipulation

The sport of kings.
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andyfuller
Posts: 4619
Joined: Wed Mar 25, 2009 12:23 pm

The level of manipulation today is unreal - last race they had about £100k staked up on the backside and about £12k on the lay side.

Oh how I wish I won the Euro millions ;)
enzabella2009
Posts: 747
Joined: Tue Nov 03, 2009 3:58 pm

andyfuller wrote:The level of manipulation today is unreal - last race they had about £100k staked up on the backside and about £12k on the lay side.

Oh how I wish I won the Euro millions ;)
I know you're joking about the lottery, but if you were serious for a moment you think you have a better skills of the manipulator? would you hoover his/her money if you had 1M-2M in your account? The real question is, would you leave 1M-2M in your account knowing that betfair can suspend your account and take all your funds?
My source told that Betting-promotion has signed a deal with Betfair 3 years ago, that` s excatly when all heavy manipulations and heavy mad bombers have started in the horse market. They don`t pay premium charges. They are saving 60% of the 1M net they make each year, that is giving them 600,000 free to play in the horses market....maybe it`s part of the deal or maybe they are just rumors...If you won the lottery let me know, we can work togheter for 3-4 weeks and kill the manipulators :lol: :lol: :lol:
we invest 70-30 and we share 70-30
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

People talk about manipulation as if it's a bad thing, but is it?

On a particular trade, you might get bitten by the manipulators, but on the next you might profit because of them.
enzabella2009 wrote: If you won the lottery let me know, we can work togheter for 3-4 weeks and kill the manipulators :lol: :lol: :lol:
we invest 70-30 and we share 70-30
I have a feeling you're only half joking! :lol:

Jeff
enzabella2009
Posts: 747
Joined: Tue Nov 03, 2009 3:58 pm

Ferru123 wrote:I have a feeling you're only half joking! :lol:

Jeff
I am Jeff.
Killing the manipulators for me would mean become a bigger manipulator. The only problem is that Betfair can not be trusted, it would be a such great uncertainty to transfer large sums of money on my betfair account if I had Million available.
Ferru123 wrote:On a particular trade, you might get bitten by the manipulators, but on the next you might profit because of them.
I can not argue with that but, the same criteria are for the manipulators with higher amounts
steven1976
Posts: 1744
Joined: Tue Jan 19, 2010 6:28 am

Not on the final race but another race they wouldn't even let me sneak in with a smallish back bet without pushing the lay back up forcing me to scratch each time. As soon as i scratched they just pushed it back down and putting a few hundred on the back side and a couple of grand on the lay side and as soon as the back ran out they would add a few hundred more. Its definitely hard work against them.
This is just one type of manipulation and whilst on the subject I thought maybe it would be worth discussing other forms of manipulation people believe happen. A few types of manipulation I believe are going on are as follows;

Mad Bomber - I notice when the bomber is around their is not much of a bounce back after a big order that you would usually expect from people getting out of their losing positions and there is usually a few grand sat around at the bottom of the bomb. In my opinion, i don't think this is a crazy gambler but someone who has a lot of money sat in the queues to and take a lot of their own money whilst taking a few bets on the way down whilst scaring away the layers in fear of another bomb.

Betting on outsiders or low liquidity markets - Similar to above, but they create the liquidity on both sides of the book and as soon as a reasonable order comes in on either side they then go straight through this bet and self match their own orders sat in the queues to push the orders one way or another using their larger than normal banks.
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

An interesting manipulation video, set to one of the finest pieces of music ever composed (Beethoven's Fur Elise):

http://www.youtube.com/watch?v=A7rqF24Sjsg

Jeff
hgodden
Posts: 1759
Joined: Thu Apr 16, 2009 2:13 pm

Enzabella

Bettingpromotion don't do horse racing, check out their financial results which detail which sports they trade. If betfair give them preferrential treatment it's because they operate in lower liquidity markets that other market makers would not want to touch. For who is behind market making and manipulating the racing markets I'd suggest looking closer to home (and I don't mean Italia ;))
enzabella2009
Posts: 747
Joined: Tue Nov 03, 2009 3:58 pm

hgodden wrote:Enzabella

Bettingpromotion don't do horse racing, check out their financial results which detail which sports they trade. If betfair give them preferrential treatment it's because they operate in lower liquidity markets that other market makers would not want to touch. For who is behind market making and manipulating the racing markets I'd suggest looking closer to home (and I don't mean Italia ;))
I said in the early post maybe are just rumors. If they had a deal with betfair they may had to hide their activity within the horse racing. Many of us don`t really know what is really behind the manipulation or mad bomber, they are just speculations..If you knew something more why can you not be more specific.

France and Switzerland are also very close..which 1 you meant? :lol: :lol:
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

hgodden wrote:For who is behind market making and manipulating the racing markets I'd suggest looking closer to home (and I don't mean Italia ;))
I don't know what you mean by this cryptic comment...

I'm sure you're not implying that Enzabella is a manipulator, given that there's nothing in her posts to suggest she is. :)

Care to elaborate? ;)

Jeff
enzabella2009
Posts: 747
Joined: Tue Nov 03, 2009 3:58 pm

Ferru123 wrote:
hgodden wrote:For who is behind market making and manipulating the racing markets I'd suggest looking closer to home (and I don't mean Italia ;))
I don't know what you mean by this cryptic comment...

I'm sure you're not implying that Enzabella is a manipulator, given that there's nothing in her posts to suggest she is. :)

Care to elaborate? ;)

Jeff
I had a chat with my boyfriend, he does not know anything about the market manipulation :lol: :lol:
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Ah, but he would say that, wouldn't he? ;)

Jeff
enzabella2009 wrote: I had a chat with my boyfriend, he does not know anything about the market manipulation :lol: :lol:
hgodden
Posts: 1759
Joined: Thu Apr 16, 2009 2:13 pm

Someone PM'd me asking if I meant Betangel was behind it lol. That's not what I meant!

I don't know for sure who is behind the market making or the manipulation, manipulation could be by anyone at any given time. But if you really think deeply about what it would actually entail to make the markets with the large amount of money that is left lying around then I think you're likely to come to the same conclusion I have.
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

hgodden wrote:If you really think deeply about what it would actually entail to make the markets with the large amount of money that is left lying around then I think you're likely to come to the same conclusion I have.
Does the entity you're thinking of have a name which rhymes with 'ensnare'? ;)

Jeff
andyfuller
Posts: 4619
Joined: Wed Mar 25, 2009 12:23 pm

Good to see our friendly bomber is back today :D
hgodden
Posts: 1759
Joined: Thu Apr 16, 2009 2:13 pm

You're sure it was him Andy? I saw the graph of the favourite and wondered but didnt see the orders going in. Seemed a bit early for him. Hope its him anyway :)
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