Today's Horse Racing

[Bobajob]

What is wrong with laying at 1000? I have pushed for them to up it further but it would involve ‘major changes’

It's got to be one of the most difficult strategies ( on it's own ) to make a profit from and for most people it would just end in

[Fugazi]

What is wrong with laying at 1000? I have pushed for them to up it further but it would involve ‘major changes’

If I stick a bet on a 600-1 horse in for you to lay at 1000-1 , how would you know?


Thats the problem.

[conduirez]

What is wrong with laying at 1000? I have pushed for them to up it further but it would involve ‘major changes’

If I stick a bet on a 600-1 horse in for you to lay at 1000-1 , how would you know?


Thats the problem.

It's not the problem, LinusP just want's your money and does not care even if you backed it at 25/1 and LinusP gave you 999/1 odds, the horse loses and your money is now LinusP's money.

Don't forget LinusP is only laying on entries that in LinusP's opinion cannot win. The next time you see a faller in a horserace look how quickly the price jumps out to 1000.

The way Betfair works as you know, it will always give you the highest price available, that is why traders just stick in a Lay price of a 1000. I can imagine there are quite a few traders who do this and a queue quickly forms, that is why LinusP wants Betfair to offer higher prices than 1000.

[Fugazi]

What is wrong with laying at 1000? I have pushed for them to up it further but it would involve ‘major changes’

If I stick a bet on a 600-1 horse in for you to lay at 1000-1 , how would you know?


Thats the problem.

It's not the problem, LinusP just want's your money and does not care even if you backed it at 25/1 and LinusP gave you 999/1 odds, the horse loses and your money is now LinusP's money.

Don't forget LinusP is only laying on entries that in LinusP's opinion cannot win. The next time you see a faller in a horserace look how quickly the price jumps out to 1000.

The way Betfair works as you know, it will always give you the highest price available, that is why traders just stick in a Lay price of a 1000. I can imagine there are quite a few traders who do this and a queue quickly forms, that is why LinusP wants Betfair to offer higher prices than 1000.

Im confused if this is satire

[conduirez]

If I stick a bet on a 600-1 horse in for you to lay at 1000-1 , how would you know?


Thats the problem.

It's not the problem, LinusP just want's your money and does not care even if you backed it at 25/1 and LinusP gave you 999/1 odds, the horse loses and your money is now LinusP's money.

Don't forget LinusP is only laying on entries that in LinusP's opinion cannot win. The next time you see a faller in a horserace look how quickly the price jumps out to 1000.

The way Betfair works as you know, it will always give you the highest price available, that is why traders just stick in a Lay price of a 1000. I can imagine there are quite a few traders who do this and a queue quickly forms, that is why LinusP wants Betfair to offer higher prices than 1000.

Im confused if this is satire

It's not satire, Just look at a horserace on Betfair stream and look at the prices changing, as soon as they fall or get pulled up look at the prices offered.

[Michael5482]

What is wrong with laying at 1000? I have pushed for them to up it further but it would involve ‘major changes’

If I stick a bet on a 600-1 horse in for you to lay at 1000-1 , how would you know?


Thats the problem.

It's not the problem, LinusP just want's your money and does not care even if you backed it at 25/1 and LinusP gave you 999/1 odds, the horse loses and your money is now LinusP's money.

Don't forget LinusP is only laying on entries that in LinusP's opinion cannot win. The next time you see a faller in a horserace look how quickly the price jumps out to 1000.

The way Betfair works as you know, it will always give you the highest price available, that is why traders just stick in a Lay price of a 1000. I can imagine there are quite a few traders who do this and a queue quickly forms, that is why LinusP wants Betfair to offer higher prices than 1000.

This where I have an issue with Betfair markets, you can still bet on a selection that can no longer win for example when a horse falls or the correct score 0-0 market when there's been a goal. They'll be plenty fo people in there looking for that oppertunity, maybe even creating oppertunity looking to fire other peoples automation for profit as they know they can't loose.

It's a free market and each individual is responsible for their own bets I undertstand that but find it slighlty unethical allowing bets on a selection that's no longer able to win, it's just not cricket IMO I'd like Betfair to somehow look at this and try to close that particular loophole.

Everthing outside that is fair game.

[LinusP]

What is wrong with laying at 1000? I have pushed for them to up it further but it would involve ‘major changes’

If I stick a bet on a 600-1 horse in for you to lay at 1000-1 , how would you know?


Thats the problem.

It's not the problem, LinusP just want's your money and does not care even if you backed it at 25/1 and LinusP gave you 999/1 odds, the horse loses and your money is now LinusP's money.

Don't forget LinusP is only laying on entries that in LinusP's opinion cannot win. The next time you see a faller in a horserace look how quickly the price jumps out to 1000.

The way Betfair works as you know, it will always give you the highest price available, that is why traders just stick in a Lay price of a 1000. I can imagine there are quite a few traders who do this and a queue quickly forms, that is why LinusP wants Betfair to offer higher prices than 1000.

I am pricing up the market, if the price on offer is out of line with my pricing I will take it, 1000 is just a number.

This where I have an issue with Betfair markets, you can still bet on a selection that can no longer win for example when a horse falls or the correct score 0-0 market when there's been a goal. They'll be plenty fo people in there looking for that oppertunity, maybe even creating oppertunity looking to fire other peoples automation for profit as they know they can't loose.

It's a free market and each individual is responsible for their own bets I undertstand that but find it slighlty unethical allowing bets on a selection that's no longer able to win, it's just not cricket IMO I'd like Betfair to somehow look at this and try to close that particular loophole.

Everthing outside that is fair game.

Turn off BPE

[conduirez]

If I stick a bet on a 600-1 horse in for you to lay at 1000-1 , how would you know?


Thats the problem.

It's not the problem, LinusP just want's your money and does not care even if you backed it at 25/1 and LinusP gave you 999/1 odds, the horse loses and your money is now LinusP's money.

Don't forget LinusP is only laying on entries that in LinusP's opinion cannot win. The next time you see a faller in a horserace look how quickly the price jumps out to 1000.

The way Betfair works as you know, it will always give you the highest price available, that is why traders just stick in a Lay price of a 1000. I can imagine there are quite a few traders who do this and a queue quickly forms, that is why LinusP wants Betfair to offer higher prices than 1000.

I am pricing up the market, if the price on offer is out of line with my pricing I will take it, 1000 is just a number.

This where I have an issue with Betfair markets, you can still bet on a selection that can no longer win for example when a horse falls or the correct score 0-0 market when there's been a goal. They'll be plenty fo people in there looking for that oppertunity, maybe even creating oppertunity looking to fire other peoples automation for profit as they know they can't loose.

It's a free market and each individual is responsible for their own bets I undertstand that but find it slighlty unethical allowing bets on a selection that's no longer able to win, it's just not cricket IMO I'd like Betfair to somehow look at this and try to close that particular loophole.

Everthing outside that is fair game.

Turn off BPE

I am not sure turning off BPE would work, I am sure someone with enough resources and appropriate software, could or already does, quickly ripple through all the prices picking up these BACK bets where BPE is turned off.

[Fugazi]

It's not the problem, LinusP just want's your money and does not care even if you backed it at 25/1 and LinusP gave you 999/1 odds, the horse loses and your money is now LinusP's money.

Don't forget LinusP is only laying on entries that in LinusP's opinion cannot win. The next time you see a faller in a horserace look how quickly the price jumps out to 1000.

The way Betfair works as you know, it will always give you the highest price available, that is why traders just stick in a Lay price of a 1000. I can imagine there are quite a few traders who do this and a queue quickly forms, that is why LinusP wants Betfair to offer higher prices than 1000.

Im confused if this is satire

It's not satire, Just look at a horserace on Betfair stream and look at the prices changing, as soon as they fall or get pulled up look at the prices offered.

Do people have the bankroll to start offering odds of 100,000 to one when it falls?

I see the problem of a 1000-1 cap, but not entirely sure how traders would capitalise . Will traders start offering 50 million to one if it falls and breaks a leg?

[Michael5482]

If I stick a bet on a 600-1 horse in for you to lay at 1000-1 , how would you know?


Thats the problem.

It's not the problem, LinusP just want's your money and does not care even if you backed it at 25/1 and LinusP gave you 999/1 odds, the horse loses and your money is now LinusP's money.

Don't forget LinusP is only laying on entries that in LinusP's opinion cannot win. The next time you see a faller in a horserace look how quickly the price jumps out to 1000.

The way Betfair works as you know, it will always give you the highest price available, that is why traders just stick in a Lay price of a 1000. I can imagine there are quite a few traders who do this and a queue quickly forms, that is why LinusP wants Betfair to offer higher prices than 1000.

I am pricing up the market, if the price on offer is out of line with my pricing I will take it, 1000 is just a number.

This where I have an issue with Betfair markets, you can still bet on a selection that can no longer win for example when a horse falls or the correct score 0-0 market when there's been a goal. They'll be plenty fo people in there looking for that oppertunity, maybe even creating oppertunity looking to fire other peoples automation for profit as they know they can't loose.

It's a free market and each individual is responsible for their own bets I undertstand that but find it slighlty unethical allowing bets on a selection that's no longer able to win, it's just not cricket IMO I'd like Betfair to somehow look at this and try to close that particular loophole.

Everthing outside that is fair game.

Turn off BPE

That doesn't negate around that a selection is still taking bets when it has no chance of winning as the outcome is impossible, that's where the vaule is which personally I find unethical.

I neither do it, or been stung by it but if Betfair allow it I understand why people can and will look to profit from it however in a world where gambling is under so much scrutiny it's not a good look that people can back a selection when it's impossible for it to win and you shouldn't have to change settings to stop that.

However if Betfair are happy with it then it's their porogitive, but if they did decide to look at it I'd be in favour but it's just my personal opnion on the matter nothing more.

[Fugazi]

It's not the problem, LinusP just want's your money and does not care even if you backed it at 25/1 and LinusP gave you 999/1 odds, the horse loses and your money is now LinusP's money.

Don't forget LinusP is only laying on entries that in LinusP's opinion cannot win. The next time you see a faller in a horserace look how quickly the price jumps out to 1000.

The way Betfair works as you know, it will always give you the highest price available, that is why traders just stick in a Lay price of a 1000. I can imagine there are quite a few traders who do this and a queue quickly forms, that is why LinusP wants Betfair to offer higher prices than 1000.

I am pricing up the market, if the price on offer is out of line with my pricing I will take it, 1000 is just a number.

This where I have an issue with Betfair markets, you can still bet on a selection that can no longer win for example when a horse falls or the correct score 0-0 market when there's been a goal. They'll be plenty fo people in there looking for that oppertunity, maybe even creating oppertunity looking to fire other peoples automation for profit as they know they can't loose.

It's a free market and each individual is responsible for their own bets I undertstand that but find it slighlty unethical allowing bets on a selection that's no longer able to win, it's just not cricket IMO I'd like Betfair to somehow look at this and try to close that particular loophole.

Everthing outside that is fair game.

Turn off BPE

That doesn't negate around that a selection is still taking bets when it has no chance of winning as the outcome is impossible, that's where the vaule is which personally I find unethical.

I neither do it, or been stung by it but if Betfair allow it I understand why people can and will look to profit from it however in a world where gambling is under so much scrutiny it's not a good look that people can back a selection when it's impossible for it to win and you shouldn't have to change settings to stop that.

However if Betfair are happy with it then it's their porogitive, but if they did decide to look at it I'd be in favour but it's just my personal opnion on the matter nothing more.

I agree, its unethical.

Equally, punter stupidity.


Contentious issue with no solution that would please everyone. I would say though the customers are the majority, so a decision to favour them rather than the traders probably makes sense

[napshnap]

It's not the problem, LinusP just want's your money and does not care even if you backed it at 25/1 and LinusP gave you 999/1 odds, the horse loses and your money is now LinusP's money.

Don't forget LinusP is only laying on entries that in LinusP's opinion cannot win. The next time you see a faller in a horserace look how quickly the price jumps out to 1000.

The way Betfair works as you know, it will always give you the highest price available, that is why traders just stick in a Lay price of a 1000. I can imagine there are quite a few traders who do this and a queue quickly forms, that is why LinusP wants Betfair to offer higher prices than 1000.

I am pricing up the market, if the price on offer is out of line with my pricing I will take it, 1000 is just a number.

This where I have an issue with Betfair markets, you can still bet on a selection that can no longer win for example when a horse falls or the correct score 0-0 market when there's been a goal. They'll be plenty fo people in there looking for that oppertunity, maybe even creating oppertunity looking to fire other peoples automation for profit as they know they can't loose.

It's a free market and each individual is responsible for their own bets I undertstand that but find it slighlty unethical allowing bets on a selection that's no longer able to win, it's just not cricket IMO I'd like Betfair to somehow look at this and try to close that particular loophole.

Everthing outside that is fair game.

Turn off BPE

That doesn't negate around that a selection is still taking bets when it has no chance of winning as the outcome is impossible, that's where the vaule is which personally I find unethical.

I neither do it, or been stung by it but if Betfair allow it I understand why people can and will look to profit from it however in a world where gambling is under so much scrutiny it's not a good look that people can back a selection when it's impossible for it to win and you shouldn't have to change settings to stop that.

However if Betfair are happy with it then it's their porogitive, but if they did decide to look at it I'd be in favour but it's just my personal opnion on the matter nothing more.

"impossible" is a very subjective definition, there were enough cases where it looked impossible for a runner to win, but it won. I think such interference in a market activity is a bad thing.

[jamesedwards]

This where I have an issue with Betfair markets, you can still bet on a selection that can no longer win for example when a horse falls or the correct score 0-0 market when there's been a goal. They'll be plenty fo people in there looking for that oppertunity, maybe even creating oppertunity looking to fire other peoples automation for profit as they know they can't loose.

It's a free market and each individual is responsible for their own bets I undertstand that but find it slighlty unethical allowing bets on a selection that's no longer able to win, it's just not cricket IMO I'd like Betfair to somehow look at this and try to close that particular loophole.

Everthing outside that is fair game.

But who's to say when a selection can or can no longer win? A football match could be abandoned and replayed within set timeframe. Confusion with awarding of goal/VAR issues could create anomalies with reported scores. A stewards enquiry could disqualify multiple horses. There could be weigh-in problems for a horse that lost a cloth. A fallen horse could be mistaken identity.

Yes all these examples are extreme but they do happen. A golf trader once lost £10k laying a 500 shot after the official scorer accidentally added 27 shots to Bradley Dredge's card. A horse racing trader lost around £200k laying a 1000 shot during a race after the commentator mistakenly called it as a faller. There will be other examples I'm sure.

[Fugazi]

This where I have an issue with Betfair markets, you can still bet on a selection that can no longer win for example when a horse falls or the correct score 0-0 market when there's been a goal. They'll be plenty fo people in there looking for that oppertunity, maybe even creating oppertunity looking to fire other peoples automation for profit as they know they can't loose.

It's a free market and each individual is responsible for their own bets I undertstand that but find it slighlty unethical allowing bets on a selection that's no longer able to win, it's just not cricket IMO I'd like Betfair to somehow look at this and try to close that particular loophole.

Everthing outside that is fair game.

But who's to say when a selection can or can no longer win? A football match could be abandoned and replayed within set timeframe. Confusion with awarding of goal/VAR issues could create anomalies with reported scores. A stewards enquiry could disqualify multiple horses. There could be weigh-in problems for a horse that lost a cloth. A fallen horse could be mistaken identity.

Yes all these examples are extreme but they do happen. A golf trader once lost £10k laying a 500 shot after the official scorer accidentally added 27 shots to Bradley Dredge's card. A horse racing trader lost around £200k laying a 1000 shot during a race after the commentator mistakenly called it as a faller. There will be other examples I'm sure.

Count me out of laying the "impossibles" if the 1000-1 cap gets increased

Not that I lay them anyway

[Michael5482]

This where I have an issue with Betfair markets, you can still bet on a selection that can no longer win for example when a horse falls or the correct score 0-0 market when there's been a goal. They'll be plenty fo people in there looking for that oppertunity, maybe even creating oppertunity looking to fire other peoples automation for profit as they know they can't loose.

It's a free market and each individual is responsible for their own bets I undertstand that but find it slighlty unethical allowing bets on a selection that's no longer able to win, it's just not cricket IMO I'd like Betfair to somehow look at this and try to close that particular loophole.

Everthing outside that is fair game.

But who's to say when a selection can or can no longer win? A football match could be abandoned and replayed within set timeframe. Confusion with awarding of goal/VAR issues could create anomalies with reported scores. A stewards enquiry could disqualify multiple horses. There could be weigh-in problems for a horse that lost a cloth. A fallen horse could be mistaken identity.

Yes all these examples are extreme but they do happen. A golf trader once lost £10k laying a 500 shot after the official scorer accidentally added 27 shots to Bradley Dredge's card. A horse racing trader lost around £200k laying a 1000 shot during a race after the commentator mistakenly called it as a faller. There will be other examples I'm sure.

The rules of the sport dicate horse racing for example you cannot re-mount after the off it's automatic disqualification so should be removed these extremities are what I was pointing out. If the horse is still running it has a chance I accept that and so should everyone but it hasn't got a chance when the jockey is on the deck the rules dictae this but you can still back it.

Racing would be slightly more difficult and agree mistaken identity could occur an Betfair would have to sort it out like they do in football markets with VAR on disallowd goals but football would be relatively easy to sort close the 0-0 selection with the 0.5 goal market, close 1-0 and 0-1 with 1.5 market and so on.