Agree - that betfair ad revealed a lotLinusP wrote:I agree Kelpie, the advert I posted the other day basically says that they trade the markets. It would be easy for them to have a team of PHD students working there own accounts and just not charge them any commission.
Position in Queue and Last Trade
Lets start a separate thread to discuss it and the PIQ stuff.
I'd be interested in get views, feedback and ideas because I am happy to speak to Betfair about it at the appropriate time. I'd also like to bring the wider community into it.
I'd be interested in get views, feedback and ideas because I am happy to speak to Betfair about it at the appropriate time. I'd also like to bring the wider community into it.
Haha - you'll very quickly know the answer to 'Question 2' if you discuss it with BF and they politely ask you to not implement itEuler wrote:Lets start a separate thread to discuss it and the PIQ stuff.
I'd be interested in get views, feedback and ideas because I am happy to speak to Betfair about it at the appropriate time. I'd also like to bring the wider community into it.
It would be nice to get some explanations from betfair about that advert. They might have their own version.
Peter can you mention that when you have a chance to speak to someone from betfair. Especially to those that swear that nothing is happening.
Peter can you mention that when you have a chance to speak to someone from betfair. Especially to those that swear that nothing is happening.
LinusP wrote:I agree Kelpie, the advert I posted the other day basically says that they trade the markets. It would be easy for them to have a team of PHD students working there own accounts and just not charge them any commission.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Isn't that only if you self scratch i.e. you back/lay your own order? I.e. You are at the front of the queue and you lay your own back or vice versa.Euler wrote: Scratched orders. If you scratch a trade, I scratch a lot, then matched bet volume remains unchanged but the queue position changes.
If you have say laid a selection 1 minute ago for £1,000 at 3.0 say and now decide the market is not going in your favour and so back the same selection for £1,000 at 3.0 the matched bet volume will still go up - I would still call that a scratch trade as the infamous Adam Todd once said, a scratch trade is a winning trade
I suppose it's always good to talkEuler wrote:I am happy to speak to Betfair about it at the appropriate time. I'd also like to bring the wider community into it.
but honestly, betfair will just lie. There's no way a listed company will fess up to abusing their customer base
The best way is to challenge betfair to explain their accounts line items and especially p&L spikes. They will still try to lie but will be aware the FSA get involved with public deceptions about accounts
A quick peak on their 2013 accounts and I think betfair have already "admitted" they trade against their customers, and report the profits on their sportsbook line
http://corporate.betfair.com/investor-r ... /2013.aspx
"to reflect the risk we are taking, we build a margin into our Sportsbook odds and apply other risk management techniques. Over time, we expect these margins to allow us to generate revenue."
So remind me again how you transfer risk while making a profit? Yup, obvious innit, shit rolls downwards...
Sportsbook is showing a +33% year-on-year profit in 2013.
We are drifting from the starting issue, PIQ. If other apps can calculate this in a very accurate way I'm forced to believe that it's possible to do this and that BA can do it also. It would be great to have an extra column in the ladder with this information, it could even be a column that you could turn on/off according to your trader needs. What do you say traders?
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Online Trader
- Posts: 211
- Joined: Wed Apr 21, 2010 7:13 am
I am for having it if possible as Mark says for pre match trading on football it would be very useful.
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AmazingMisterX
- Posts: 44
- Joined: Sun Jun 16, 2013 11:35 am
Maybe PIQ could be added in the next beta version of a Bet Angel update so we could give it a go. Based on everyone's feedback, Peter could decide to stick with it in a new version or not. I was very impressed with how he listened to users, including me, on the last update.
Some guys didn't read my post in which I say:
"It would be great to have an extra column in the ladder with this information, it could even be a column that you could turn on/off according to your trader needs."
Meaning that only people who find this feature great would have this extra column.
"It would be great to have an extra column in the ladder with this information, it could even be a column that you could turn on/off according to your trader needs."
Meaning that only people who find this feature great would have this extra column.
Please see the new beta here that has implemented some of the suggestions raised:
viewtopic.php?f=29&t=9180
viewtopic.php?f=29&t=9180