How to scalp Smarkets for risk free profit.....
I was banned for being a consistent winner, and for greening up in other ways. The market makers complained and it was easier for them to give me the boot and destroy their reputation than lose their market makers and destroy their company, which will soon erode away to nothing anyway if you want my "ben graham" intelligent investor's opinion. It's a pipe dream to think that they will ever challenge in this market, and since I can never be a part of their ecosystem it's obviously in my best interests that they never achieve a sizable market share. Better to promote the exchanges at which I can at least treade!
Great way to run an exchange, not!!
Great way to run an exchange, not!!
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
Can you expand further on the risk free profit scalp that the title states. If you cant use it for yourself, you might as well share it with others so we can all upset the market makers and smarkets, if your looking to ruffle a few feathers. Or is this a competiton whereby we have to guess and you tell us if we get it right? Get it off your chest and spill the beans!
It's easy since their odds are a direct rip from the betfair api, albeit with a very slight and unavoidable lag.
I suggest you head over there and make hay while the sun is shining, because if there was ever an exchange that deserved to be punished for purging the accounts of honest winning traders then it would be this one.
You should be able to green if you get the hang of it but be careful as this is an unscrupulous operator and they have been known to pull the plug on their artificial liquidity when a big bet comes in (it happened a couple of times when i placed 5 figure bets) so you may need to keep funds elsewhere as an escape route.
Good luck and happy greening!!!
I suggest you head over there and make hay while the sun is shining, because if there was ever an exchange that deserved to be punished for purging the accounts of honest winning traders then it would be this one.
You should be able to green if you get the hang of it but be careful as this is an unscrupulous operator and they have been known to pull the plug on their artificial liquidity when a big bet comes in (it happened a couple of times when i placed 5 figure bets) so you may need to keep funds elsewhere as an escape route.
Good luck and happy greening!!!
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
Not sure what sports you were trading but if some of it was horse racing, are you not able to do the same through BD now? There is a lot more money in the queues but it feels very artificial to me and looks like it is on the back of BF moves, a lot of what is happening. In the past I imagine BD was a bit risky as there was so little money around but with the numbers increased in the queues it may be worth a look for you unless they click the off switch there also.
Were you using software for smarkets or just placing the orders through the site?
Were you using software for smarkets or just placing the orders through the site?
I was trading manually with smarkets. And i wasn't using the above method when i got banned.
Smarkets will never be a trader friendly proposition so I think it's in everyone's interest to take them to the cleaners now so that they are never able to achieve a foothold in this market, because if they did none of us would be permitted to be a part of their ecosystem anyway.
As such i firmly believe it is the obligation of ALL professional exchange traders to assist in the effort of wiping out the only exchange in recent history with the audacity to interfere in client trading and untimately suspend those who refuse to be coached into how they can and cannot bet on an exchange.
And to think that the ceo of this company used to work in financial markets himself, he's obviously incredibly clueless.
Smarkets will never be a trader friendly proposition so I think it's in everyone's interest to take them to the cleaners now so that they are never able to achieve a foothold in this market, because if they did none of us would be permitted to be a part of their ecosystem anyway.
As such i firmly believe it is the obligation of ALL professional exchange traders to assist in the effort of wiping out the only exchange in recent history with the audacity to interfere in client trading and untimately suspend those who refuse to be coached into how they can and cannot bet on an exchange.
And to think that the ceo of this company used to work in financial markets himself, he's obviously incredibly clueless.
I'm not sure that wiping out Betfair is the way forward!james19 wrote: As such i firmly believe it is the obligation of ALL professional exchange traders to assist in the effort of wiping out the only exchange in recent history with the audacity to interfere in client trading.
Jeff
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convoysur-2
- Posts: 1110
- Joined: Thu Jan 12, 2012 10:00 am
i remember smarkets being om here ,they were all so nice and proffesional..
been a long time since they had something to say..!!!!!!!!!!!
been a long time since they had something to say..!!!!!!!!!!!
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maycontainnuts
- Posts: 90
- Joined: Wed Oct 10, 2012 5:58 pm
At least we now have some truth in the matter. James was arbing off smarkets by beating their price updates. Pretty obvious you would get banned for doing that. Adding no value to the exchange and just raping them by exploting a loophole.
No real shock and perfectly acceptable for smarkets to stop him doing that.
No real shock and perfectly acceptable for smarkets to stop him doing that.
I was going to say something similar. We get it you feel you have a rough deal, that's how these thing are. I have no bookies accounts I can use anymore. My Betfair account has a 60% surcharge on it. I have snide moan, but I deal with it and move on.jimrobo wrote:this is becoming more of a vendetta everyday. Walk away and concentrate on something positive and profitable.
James you need to do the same mate. This does nothing for your creditability whatsoever. It's becoming childish and spiteful. I understand how frustrating it is, but I urge you to just walk away and concentrate in finding another way to make money.
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
For me I think there is a lot to learn so Im not going to discourage posts, if people are upset with things in the markets there is usually something to learn from it as they share their views and discontent.
People that read my posts will know that I believe the market makers have or use unfair advantages. The fact that smarkets follow bf odds and the market makers complain to smarkets reconfirms to me the things I believe happen.
The only thing I would say to James is careful you dont say something publicly that could be used against you by smarkets. Happy spilling!
People that read my posts will know that I believe the market makers have or use unfair advantages. The fact that smarkets follow bf odds and the market makers complain to smarkets reconfirms to me the things I believe happen.
The only thing I would say to James is careful you dont say something publicly that could be used against you by smarkets. Happy spilling!