- This topic has 84 replies, 29 voices, and was last updated 12 years, 7 months ago by
.
-
Posts
-
Should the people who got 1000s on Wichita Lineman or any other 999/1 winner be ashamed of themselves too?
No, of course not, that was a judgement call. This ludicrous 28/1 or whatever it was, was the greedy laying into (playing into?) a market that was obviously incorrect.
You can picture or hear them now can’t you?
‘Fk me summats wrong, joy, might as well fill me boots’
surreptitious knowing glee – I win – all that matters
What I did notice from Blunkett’s original screen shot was that another trader, presumably another bot, had offered 21. This shows that the in-running market is being controlled and made by machines. It basically means that the average punter is just being fleeced by automated systems that can react much faster than we mere humans.
The whole process is a technological confidence trick.Yep and no one landed on the moon it was mock up in a ABC studio. JFK committed suicide and 991 was rockets not planes.
I can’t believe there are people out there who actually think they should benefit from this.
Childish Greedy lowlifes the lot of them and if that includes any of you lot then too bad. Wear the badge it suits you.
What I did notice from Blunkett’s original screen shot was that another trader, presumably another bot, had offered 21. This shows that the in-running market is being controlled and made by machines. It basically means that the average punter is just being fleeced by automated systems that can react much faster than we mere humans.
The whole process is a technological confidence trick.It’s pretty much the same situation as trading in equities – the only difference being that the pension funds of millions of people are held hostage by those machines.
I do not think anyone should benefit from it. In short the use of bots on exchanges should be prohibited so it is a level playing field.
I can’t believe there are people out there who actually think they should benefit from this.
Childish Greedy lowlifes the lot of them and if that includes any of you lot then too bad. Wear the badge it suits you.
I would suggest that the person attempting the laying using the bot to guarantee a profit for himself without the risk is a much bigger lowlife than any of those attempting to back the horse at 29. He even had a failsafe of only having a £1000 in his account.
If you’re appalled at punters trying to back a horse at 29 in running God knows what you’d make of some of the activities that occur behind closed doors at Betfair Towers.
Have a look at the betting next time any horse falls or a goal is scored.
"yeats":3hfjk2q7 wrote:
I would suggest that the person attempting the laying using the bot to guarantee a profit for himself without the risk is a much bigger lowlife than any of those attempting to back the horse at 29. He even had a failsafe of only having a £1000 in his account.
Yeats,just to clear up this cloudy picture a bit. Do you believe a layer with a mere £1000 in his account ‘intentionally’ offered 29’s about a horse that should have been less than 2/1 when the odds were offered, genuinely thought they could make a 6 figure profit from this race? Call me a bit thick if you like but thats how i interpret your posts!
"KINGFISHER":7wbn3g9c wrote:
I would suggest that the person attempting the laying using the bot to guarantee a profit for himself without the risk is a much bigger lowlife than any of those attempting to back the horse at 29. He even had a failsafe of only having a £1000 in his account.
Yeats,just to clear up this cloudy picture a bit. Do you believe a layer with a mere £1000 in his account ‘intentionally’ offered 29’s about a horse that should have been less than 2/1 when the odds were offered, genuinely thought they could make a 6 figure profit from this race? Call me a bit thick if you like but thats how i interpret your posts!
No
A minority burgled and burnt the suburbs of London last summer
Those who didn’t – hold your head up
Thats a good analogy when you come to think of it as those who did ‘back’
Voler la Vedette
at 29’s as it past the post could actually be accused of stealing.As those who fell into the ‘herd’ mentality when pilfering all those shops during the riots thought ‘Well if they’re getting away with it why cant I?’.Human nature is a strange thing,i see 5 lads have now been arrested for the shooting of a young man,makes you wonder! ‘Nowt so queer as folk’ eh?
KF, Betfair are advocating stealing by allowing the use of bots.
Machines are allowed to steal from REAL people but not vice versa?
KF, Betfair are advocating stealing by allowing the use of bots.
Machines are allowed to steal from REAL people but not vice versa?
Not being funny Eclipse,but what the **** is a ‘Bot’ and what does it actually do?
Bots can be used for a variety of different purposes. In the case of betfair, I should imagine that they process all the matches and are programmed to take advantage of the time delay a human would have in processing the information to snipe the best matches available.
In simple terms, the speed of their functioning gives those employing them an unfair advantage over human users in a field where speed of transaction is a critical factor.
Thanks for the reply Eclipse,we have a Box at Nottingham as do other courses for half a dozen Pro gamblers to ‘Lay’ and ‘Play’ on the machine,i used to think why do they bother coming when they can sit at home and do the same thing and thats because being ‘Live’ they dont have the same ‘delay’ as you do when ‘working’ from home,they pay £100 per head for the pleasure but thats peanuts when you see what they’re playing with! None of them touch a drop of Alcohol either during the course of the afternoon,Serious Sh*t i tell ya!I’m usually P*ssed after the 1st!
Eclipse , to be fair most betfair users are aware of the bots and go ahead with their trades anyway ..
This little episode might make them rethink though , methinks the boys in blue have a bit of rebuilding to do
Betting in Running is for MUGS only as you are competing against 1, the boys on track who are 7/10 seconds ahead of you , 2 always that amount of time behind real time action , and 3 if you are successful then you get taxed at 54 per cent …..phew , are there that many mugs around I ask ?
The Trad bookies must be loving this
Ricky
Betting in Running is for MUGS only as you are competing against 1, the boys on track who are 7/10 seconds ahead of you , 2 always that amount of time behind real time action , and 3 if you are successful then you get taxed at 54 per cent …..phew , are there that many mugs around I ask
Slight exaggeration there me ode mucker,theres barely a 2 second delay at worst but that equates to 10 lengths at times,it depends on your gear too!
Eclipse First, I’m afraid computers controlling the in-running markets are here to say. Betfair even built an API to facilitate more of them. And as far as they are concerned, the more of them they are, the better.
It’s also impossible to ban them completely as to the Betfair servers matching the bets, it could be an automated system or it could be a person manually inputting the odds, how is it supposed to know? All Betfair can do is identify an account which is striking bets at an incredible frequency, then they will know what they are dealing with. But then the programmers will just make their systems harder to detect, striking with less frequency or perhaps operating between multiple accounts.
Also it seems widely accepted that there was a flaw in the API software. All it took was the magic amount of 21,474,836 pounds and 48 pence to expose this flaw. Yeats, the layer who had 1,000 pounds in his account did not intentionally make this happen. He might well have been millions of miles from his computer when it had happened.
- You must be logged in to reply to this topic.