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Betfair Void Bets

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Viewing 15 posts - 61 through 75 (of 85 total)
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  • #385089
    Eclipse First
    Member
    • Total Posts 1569

    KF, Betfair are advocating stealing by allowing the use of bots.

    Machines are allowed to steal from REAL people but not vice versa?

    #385094
    KINGFISHERKINGFISHER
    Member
    • Total Posts 1511

    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?

    #385097
    Eclipse First
    Member
    • Total Posts 1569

    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.

    #385100
    KINGFISHERKINGFISHER
    Member
    • Total Posts 1511

    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! :lol:

    #385101
    ricky lakericky lake
    Participant
    • Total Posts 2358

    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

    #385104
    Eclipse First
    Member
    • Total Posts 1569

    Ricky, it just proves the old maxim right;

    "There’s a sucker born every minute!"

    #385109
    KINGFISHERKINGFISHER
    Member
    • Total Posts 1511

    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!

    #385113
    SoYouThink
    Member
    • Total Posts 42

    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.

    #385117
    ricky lakericky lake
    Participant
    • Total Posts 2358

    Happy new year Kingy ….I think its more that 2 secs , more like 4/5 minimum , but in any event its not sensible to compete against those 54 per centers who gobble up trackside , after your horse has fallen or stumbled…..and then you have the automated programmes who snaffle up money before you can sneeze ….

    Leave it out

    Ricky

    #385122
    KINGFISHERKINGFISHER
    Member
    • Total Posts 1511

    A Happy New Year to you too Ricky,lets hope its a prosperous one for all us REAL Punters fighting the ‘Machine’ called ‘Bots’! :shock:

    And it is nearer 2 seconds delay! Dont argue! :lol:

    #385123
    Eclipse First
    Member
    • Total Posts 1569

    I am fully aware that for betting in-running to function it has to be computer controlled. My concern is purely philanthropic as I would not consider such a wager as ever being sensible. Before the days of computer controlled systems in shop, taking bets after the off was the norm, it still did not give the punter any great advantage in the long run.
    Betting in-running may be good for the gambling industry but it does not actually provide much benefit to the sport of horse racing or any other sport for that matter.

    Perhaps it is a forlorn hope to wish that punters were not so naive as to think Betfair has a concept of what fairness actually means.

    #385127
    SoYouThink
    Member
    • Total Posts 42

    It does not seem sensible to me either. But remember computers can only do what they’ve been programmed to do. They’ve no concept of value. That’s why Mourad was being matched at 1.03 long after he was beaten !! And it’s also how I managed to back Organised Confusion at 28/1 with 2 to jump in the Irish Grand National. So sometimes, you can get very lucky. Even those who backed VLV at 7/2 on the run-in on the Daq spotted an opportunity and took it.

    #385147
    KINGFISHERKINGFISHER
    Member
    • Total Posts 1511

    Betting in-running may be good for the gambling industry but it does not actually provide much benefit to the sport of horse racing or any other sport for that matter.

    Eclipse,for as much as you dislike the exchanges i for one think its the best thing since sliced bread,Betting in Running is what makes up at least 50% of my betting,today anyone who watches horses couldn’t fail to see that

    Rey Nacarado

    ,

    Ballyoliver

    and

    Glens Boy

    all travelled like the winners they duly were a long way from home and 7/4, 7/2 and 3/1 was freely available on all 3,mind you we all saw what good that was to poor Glens Boy but it ‘should’ have yielded 3 winners.You couldn’t do that 20yrs ago…Rise of the robots eh?

    #385189
    HurdygurdymanHurdygurdyman
    Member
    • Total Posts 1559

    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.

    Are you for real? I’m not talking about the innocents who thought Wow! and backed the horse who wouldn’t?

    I’m talking about people who now know full well it was an error and Betfair had no choice but void the race but they are still saying "I want paid".

    Perhaps you do but I personally don’t know enough about the guy who laid it or how it actually happened to be passing judgement on him.

    #385191
    HurdygurdymanHurdygurdyman
    Member
    • Total Posts 1559

    Betting in-running may be good for the gambling industry but it does not actually provide much benefit to the sport of horse racing or any other sport for that matter.

    Eclipse,for as much as you dislike the exchanges i for one think its the best thing since sliced bread,Betting in Running is what makes up at least 50% of my betting,today anyone who watches horses couldn’t fail to see that

    Rey Nacarado

    ,

    Ballyoliver

    and

    Glens Boy

    all travelled like the winners they duly were a long way from home and 7/4, 7/2 and 3/1 was freely available on all 3,mind you we all saw what good that was to poor Glens Boy but it ‘should’ have yielded 3 winners.You couldn’t do that 20yrs ago…Rise of the robots eh?

    I had an odd 24 quid in my Betfair balance so I stuck it on your fav horse at 14.5 but my bottle went when the cavalry came charging at him and I greened out for a lousy 84.57p. Sometimes you love exchanges sometimes you hate em :wink:

Viewing 15 posts - 61 through 75 (of 85 total)
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