Betfair spoofing is a strategy used usually by people with deep pockets who try to manipulate the weight of money in the market. These people want to confuse others by placing big bets in the market but they don’t want to match these bets. They only want you to feel the market will go one direction or another. Once they fill their bags, they remove these big bets from the market and push it in the opposite way.
Betfair Spoofing Video Description:
- 0:11 – Carefully watch the behaviour of four Back bets at the prices 4.40, 4.50, 4.60 & 4.70. These are quite big bets for such a weak market and they’re placed in the market just to make you think the market will move down.
- 0:26 – 0:36 – Once the spoofer has filled his bags with cheap Lay, he gradually removes his Back bets to drive the price up.
Once you have a practice in recognizing a spoofer in the market, you can use it in your favour. Because you may know what a spoofer wants to do, you can prepare yourself with appropriate position in the market. However, recognizing a spoofer doesn’t have to be easy. Spoofers are very smart, they often change their behaviour and size of bets.
It’s obvious that spoofer wants to earn money – exactly as you want to. So they can’t risk you will spot them every time. That way spoofers would loose money in the long term. It’s a fight between you and them – the better one will take the money. So you have to be smarter and think better than they do. Again – very easy to say but much harder to practice. I hope the video above will help you. It clearly shows one of the most common Betfair spoofing techniques so you will be armed with one more weapon against them.