Jump to content

> Join our real-time trading chat on WowApp

All Activity

This stream auto-updates     

  1. Yesterday
  2. Last week
  3. SomeBloke

    Cross Matching

    I agree with you guys. Cross matching benefits Betfair, but not so much the traders. Just out of curiosity, I threw some numbers at the ArbCruncher website, as I can see a very small advantage... Based on the photo I posted, the favourite has a best back price of 1.89, and the is only £13 available. If I lay at 1.89 and get matched (should be easy with only £13 in front of 1me), then lay the other player at 2.10 (where there is cross matching activity), I would make a small dutching/bookmaking profit of 0.53%. Hmm, I think there are easier ways to make pennies!
  4. Earlier
  5. eightbo

    Cross Matching

    Unfortunately I don't think cross-matching is something we can take advantage of. It is however important to build an awareness for how it works so that if you need to close your position etc. you can do so by giving away the least value. Generally just go with the larger spread. Geeks toy also has a special option for tennis hedging where it will take best price from the two runners but I'm unsure if that is still relevant or not. Those guys don't seem to update their software anymore.
  6. Tommy

    Cross Matching

    I have never thought about it this way. I thought it is just someone matching his own bet for some unknown reason or just to create point where there is atleast something matched in low liquid market like on greyhounds. Saw many of these, even over 150 matched when there is no more than 10 sitting all around. I thought someone wanted us traders to see where money are "being matched" and drag our stakes closer to it. I personally just look at the next action/move and do nothing until I see something familiar to me.
  7. Tomas

    Cross Matching

    Sometimes you can really be matched on a better price but in general, cross matching does make the market more efficient so trading is harder. On a picture you posted, a typical strategy would be to make the market on the second favourite - to place a Lay bet @2.02 and Back Bet @2.20 and wait for them to be matched by someone. However, this could never happen because the cross matching algo would match the person on a better price than is your offer. The little left overs in calculation are a profit for Betfair. So, the real winner in Cross Matching is Betfair I think. For traders like us, it made trading slightly harder.
  8. Guest

    Why Free & Open Source?

    I really appreciate you giving out this knowledge for free Tomas. I think that a lot of people will feel the same way and I would suggest that if you are not asking for any payment that you setup a "buy me a coffee" donate payment system. I'm sure that plenty of people wouldn't mind throwing you a few bucks even if it's just to pay for the hosting so the site stays up. Anyway, thanks again :)
  9. knoxville

    Interesting Betfair Graphs

    and lost race☺️
  10. knoxville

    Interesting Betfair Graphs

    yesterday favorite before the race starts was traded at 1.01
  11. SomeBloke

    Cross Matching

    Hello all When trading greyhound and tennis markets I noticed something curious - where there are big gaps, money was being matched on both sides of the book at the same time, in the middle of the gap - in this case at odds of 2.10 in a tennis match: My first thought was that someone's bot was self-matching (maybe to generate commission towards PC), but now I think this activity is Betfair's cross-matching bot. The activity always seems to be at opposing odds - 1.90 and 2.10, or 1.50 and 3.0 for example. What do you guys (and girls) think, and can we take advantage of this x-matching bot somehow? I've managed to close a position at better-than-available odds by placing my closing bet where I could see x-matching activity, but that's not really a strategy to take advantage of it...
  12. Tommy

    Tommy and his early trading

    Good idea Ronald. I did not know about transferring funds being possible. Thank you for that 🙂 For all of you guys checking my thread... I am having hard times since 28.5.2019 when something happened in my personal life and it is affecting everything in my life now massively. Because of that I am unable to trade and this thread is closed for me. I cannot say if I will continue posting again one day. If I will trade it will be very occasionally unless something changes in my life again. You all can reach me on wowapp, I will keep checking stuff discussed there. Thank you for your understanding
  13. Ronald

    Tommy and his early trading

    If I were you I would use different banks for different sports. I know it doesn't matter too much if you keep records. Betfair have two extra wallets: exchange games and poker, in which you could transfer soccer funds. Soccer is much more riskier and should have its own bank and with that a strategy, risk management and so on. But that's is my opinion only.
  14. Ronald

    1000 pre-inplay horse racing markets

    A very eventful day. After the sticky API in the afternoon came evening with many races / opportunities. Today is the last day of this month and for me was one of the best so far. Thanks to the trading Gods for keeping api intact. Managed to trade 54 markets. Record being on 11th of May with 55 markets. But the number of bets is the highest of the month. By the way there is a new cash race promotion going on. Will have to use some soccer markets to generate those points which almost doubled this time. Stratford 19:50 Race Video
  15. Tommy

    Tommy and his early trading

    DAY 102 ( yesterday ) Markets traded: 2 football Profit: +£2,78 Bank: £64,72 Commentary: Pub trading. Possible easily and even easier with friend who possess high interest/knowledge about football on my side. First trade was done with £2 stake and second with £3. DAY 103 (today) Markets traded: 11 greyhounds Profit: +£2,44 Bank: £67,16 Commentary: As mentioned last time, I use double my original stake what is £6 to get these results. It looked like I had one -0,01 lossbut I can see it was narrowed down to 0 so no loss today with little luck on one trade.
  16. Lee

    Lee

  17. Tommy

    Tommy and his early trading

    DAY 101 Markets traded: 10 horse race, 18 greyhounds Profit: +£7,67 Bank: £61,94 Commentary: Much better day than yesterday. I doubled my stakes for greyhounds and lowered them on horses to make it equal. It worked quite well. Big gaps between greyhound races made me trade horses more than I wanted otherwise I would stay on greyhounds.
  18. Tommy

    Tommy and his early trading

    DAY 100 Markets traded: 7 horse race, 12 greyhounds Profit: +£0,75 Bank: £54,27 Commentary: From £60 in my balance into £49 then leaving with what you can see. It was stressful trading today. Nothing good happend on greyhounds and same on horse races, just stress. I am glad it is over.
  19. Tommy

    Tommy and his early trading

    DAY 99 Markets traded: 6 horse race, 6 greyhounds Profit: +£6,92 Bank: £53,52 Commentary: It was not going well on greyhounds for me today. I had loss over 2GBP on one race, then I did just last horse race and walked away. I was jumping from greyhounds to horses and did well on horses. I am not posting my profit and loss today but I had loss on greyhounds and profit is all from horse races. Beautiful sunset from my last horse race
  20. Tommy

    Tommy and his early trading

    DAY 98 (result from yesterday) Markets traded: 5 horse race, 11 greyhounds Profit: +£4,32 Bank: £46,60 Commentary: It felt like I have done more races than I actually did. I had few good trades on both greyhounds and horses + one nice long photofinish where I felt very confident backing horse that I "clearly" saw he won that race. I left when I felt good just to prevent any circumstances what could lower my happiness.
  21. Tommy

    Tommy and his early trading

    DAY 97 Markets traded: 9 horse race, 1 football, 9 greyhounds Profit: +£0,30 ( from betfair stats ) Bank: £42,28 Commentary: Day started with one big loss caused by early suspended market on Swindon greyhound race track. From that point I switched to horse races where I had some fun what you can see below by watching live stream and I did make nice few bucks here and there to make my balance look prettier than after that initial loss. Later when I came back home in the evening I traded greyhounds a bit and one horse race when I decided to walk away happily with little profit seeing in my balance. Just for future myself and maybe you guys also interested in greyhound trading I write here that Newcastle and Swindon race tracks are know for early suspended markets. Thank you Ricardo for this information 🙂 Profit and loss for today from greyhounds and horse races When cocaine start to rise in horse's head then he is capable of everything .. Example how you can win 1000x off your stake New Horse breed on Racing TV
  22. eightbo

    Tommy and his early trading

    Good results keep it up Tommy 💂‍♂️
  23. Tommy

    Tommy and his early trading

    DAY 96 Markets traded: 1 US horse race, 2 football, 10 greyhounds Profit: +£2,85 Bank: £41,94 Commentary: Late night ( around 1am ) US horse race trading ended up just with one profit from observing about 8 markets, so that time frame is not suitable for my style. I planned to trade more greyhound races today and It somehow did not happen. At least I am pleased with my result, looks like I had no single loss. Tried to hop on football markets and managed to enter markets at right time just on 1 from 4 markets where I got profit ( otherwise all 4 would produce profits if matched ). On second football trade I scratched my trade on 0 profit. My last race what produced the easiest and biggest profit for me today
  24. Russell

    Tommy and his early trading

    Nice results Thomas, glad you enjoyed trading the pre horse racing, a change is as good as a rest as they say! It's hard to figure out what's gone on with the discrepancy on your pay out though I would be tempted to email customer service.
  25. Tommy

    Tommy and his early trading

    DAY 95 Markets traded: 12 horse races Profit: +£1,42 Bank: £39,09 Commentary: After our member Russell mentioned that today's horse races have nice liquidity I decided to take a look and trade purely horse races for a change. It was all good until I got caught badly in-play on one race and then last race was a bit confusing because of some improper hedging took place on that race. Last race produced interesting screenshot at least and a bit of profit. Interesting screenshot This is Hamish Macbeth horse trade what I do not understand why that 2GBP at odds 1000 happened, unless I pressed hedge button or something
  26. Tommy

    Tommy and his early trading

    DAY 94 Markets traded: 9 greyhounds Profit: +£2,38 Bank: £37,67 Commentary: Late evening attempt to trade just last few greyhound races almost ended with disaster when it was already going heavily downhill. Screenshot from my ladders at the bottom is great example of how it was today. Oh yes, that "almost" disaster was market suspended where you see fortunately that I won that straight bet. Red light district
  27. Tommy

    Tommy and his early trading

    DAY 93 Part 2 Markets traded: 14 greyhounds Profit: +£1,49 Bank: £35,29 Commentary: When I came back home I found a little leftover energy inside me and traded again greyhound markets. This is how I trade when I am really tired. I call this Profit giveaway machine
  28. Tommy

    Tommy and his early trading

    DAY 93 Markets traded: 4 AUS horse races, 21 greyhounds Profit: +£1,00 Bank: £33,80 Commentary: Traded a bit of australian races while there were gaps between first greyhound markets and then I stayed on greyhounds. First greyhound race went massively against me so I decided to let leave it on ladder until very off and set my opposite position to take IP SP. It caused double loss if I compare it with what it would be If I hedge it myself before off, but I am okay with it, good experience so money well spent. Except that first greyhound race I had very good feeling about my trading today and I managed to get decent profits from markets.
  1. Load more activity
×