Farcical!!! - Manipulation of Betfair odds
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- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Who on earth are these traders doing this? Obviously it is making them big money but that was just plain ridiculous! It was the last race at Cheltenham btw.
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Very curious, I may put some more info up on this guy. I managed to put in a quick order near the end taking out a chunk on the lay side but I think the style of this guy is becoming a lot clearer now. He was active on other markets today at different prices.
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- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
It could potentially be the same person of course but the strategy being used here is nothing like what was being used before so from that point of view I would say it is not but ofcourse it could be the same person just using a different approach but the only people that can know that are the person themselves and Betfair.
This has happened a lot this last week - mainly with drifters. They would get to a certain point still with momentum but all of a sudden 10-20k would appear on the first two lay ticks. Once they got steamrollered the other times they controlled the price until about 30-45secs before the gates opened.
If you have got the money, why not? It has it's risks.
I wasn't in a happy place this afternoon and should have closed my PC down before as I dropped £200 on this race. However, I have watched the trading again and it was interesting - the velocity was against this horse but I think the office money was probably for it. Hence I think it was a bookmaker trying to control the SP.
If you have got the money, why not? It has it's risks.
I wasn't in a happy place this afternoon and should have closed my PC down before as I dropped £200 on this race. However, I have watched the trading again and it was interesting - the velocity was against this horse but I think the office money was probably for it. Hence I think it was a bookmaker trying to control the SP.
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- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
It is just becoming plain annoying now - What's needed is for someone to hammer them just before the off to leave them with a big exposure inplay then they might think twice about doing it anymore!
peter you need to stop venturing into the american football markets you stand out like a sore thumb!drifter wrote:He/She ventured into the American Football last night.
Not sure what he/she achieved as very little got matched then they disappeared.