Account Closure (Betfair live market data)

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Phoenix
Posts: 23
Joined: Fri May 24, 2019 12:34 pm

You know I've been trading on Betfair for years and seem to have done everything arse backwards. Started off with too larger stakes before I was proficient enough and then went to smaller stakes to hone my technique. If only Betfair knew how much effort some people make in order to reach that trading nirvana.
Phoenix
Posts: 23
Joined: Fri May 24, 2019 12:34 pm

By the way Derek27 thanks for your comments too. Every time I was sending a message I seemed to be reading yours straight after :)
LinusP
Posts: 1873
Joined: Mon Jul 02, 2012 10:45 pm

Phoenix wrote:
Fri May 24, 2019 11:29 pm
No I've had my account re-instated. I just don't want to fall foul again.
Did / do you have streaming enabled?
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Dallas
Posts: 22723
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Location: Working From Home

Pre-off and HT Football markets are very easy to place bets with little to no risk by scratching as soon as the opening bet is matched, finding a market with low odds and put through even a £10-£50 bet if you do have to take a 1 tick loss it will only be for pennies, this will keep BF happy as your still generating them commission and it would take years or thousands of bets for you to lose £299 this way
Phoenix
Posts: 23
Joined: Fri May 24, 2019 12:34 pm

LinusP wrote:
Sat May 25, 2019 6:16 am
Phoenix wrote:
Fri May 24, 2019 11:29 pm
No I've had my account re-instated. I just don't want to fall foul again.
Did / do you have streaming enabled?
Hi LinusP

Apologies in advance for what may appear like technical ignorance though to be honest it probably is :? Are you referring to the live tv pictures on Betfair? If you are I don't watch an excessive amount of matches. I generally monitor the scoring (I trade tennis only) on flash scores or a regular betting site. Or is streaming enabled something completely different in this respect?
Phoenix
Posts: 23
Joined: Fri May 24, 2019 12:34 pm

Dallas wrote:
Sat May 25, 2019 9:43 am
Pre-off and HT Football markets are very easy to place bets with little to no risk by scratching as soon as the opening bet is matched, finding a market with low odds and put through even a £10-£50 bet if you do have to take a 1 tick loss it will only be for pennies, this will keep BF happy as your still generating them commission and it would take years or thousands of bets for you to lose £299 this way
Good morning Dallas

Again it may appear like I'm incredibly thick. I probably am :lol: Would you explain that as if you were explaining it to a complete newbie (like step by step) but please limit any urges you have towards sarcasm :lol:
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Dallas
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Location: Working From Home

The following I've just placed a £50 back bet in an O/U4.5 market at half time (you don't need a gap in price it was just by chance no money was waiting when I opened the market)

1.JPG


It wasn't all matched here but you can see the options available in the image below, click the now £0.00 P/L figure to cancel the rest and place a lay bet of £34.19 (equal to what has been matched of my back bet) and that will scratch the position, but i'll have placed £68.38 of bets generating a few quid commission for BF.
Or I could have waited for the full £50 to be matched then do the same
Or I could instantly have taken a 1 tick loss of 32p

2.JPG

In either of the later thats £100 of bets placed, either way it's very low to no risk pre-off and at HT, a few of these a week will be more than enough to keep BF happy
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Phoenix
Posts: 23
Joined: Fri May 24, 2019 12:34 pm

So let me make sure I'm understanding this. You placed a back bet for £50 at 1.08 but only £34.19 was matched. Then you cancelled the remaining £15.81 which hadn't been matched.

You then placed a lay bet for £34.19 at 1.08 which resulted in no profit but no loss either.

However if there had been no money to lay at 1.08 you could have chosen to lay £34.19 at 1.09 which would have resulted in a 32p loss?
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Dallas
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Location: Working From Home

Phoenix wrote:
Sat May 25, 2019 1:38 pm
So let me make sure I'm understanding this. You placed a back bet for £50 at 1.08 but only £34.19 was matched. Then you cancelled the remaining £15.81 which hadn't been matched.

You then placed a lay bet for £34.19 at 1.08 which resulted in no profit but no loss either.

However if there had been no money to lay at 1.08 you could have chosen to lay £34.19 at 1.09 which would have resulted in a 32p loss?
Yes thats correct
Phoenix
Posts: 23
Joined: Fri May 24, 2019 12:34 pm

Thanks Dallas. So with that scratched bet how much commission do Betfair make?
LinusP
Posts: 1873
Joined: Mon Jul 02, 2012 10:45 pm

Phoenix wrote:
Sat May 25, 2019 11:55 am
LinusP wrote:
Sat May 25, 2019 6:16 am
Phoenix wrote:
Fri May 24, 2019 11:29 pm
No I've had my account re-instated. I just don't want to fall foul again.
Did / do you have streaming enabled?
Hi LinusP

Apologies in advance for what may appear like technical ignorance though to be honest it probably is :? Are you referring to the live tv pictures on Betfair? If you are I don't watch an excessive amount of matches. I generally monitor the scoring (I trade tennis only) on flash scores or a regular betting site. Or is streaming enabled something completely different in this respect?
Streaming is a way of receiving data and reduces load on the betfair servers.
Dallas wrote:
Sat May 25, 2019 1:42 pm


Dallas I assume it is turned on by default?
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Dallas
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LinusP wrote:
Sun May 26, 2019 9:08 am

Dallas I assume it is turned on by default?
No its defaulted to polling
Phoenix
Posts: 23
Joined: Fri May 24, 2019 12:34 pm

Dallas wrote:
Sun May 26, 2019 9:13 am
LinusP wrote:
Sun May 26, 2019 9:08 am

Dallas I assume it is turned on by default?
No its defaulted to polling
Can it be turned on/off, on both Bet Angel and the Betfair website? Also if you want to view the live pictures the Betfair website provides I assume you have to have streaming switched on? And finally where do you switch it on/off?
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Dallas
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Joined: Sun Aug 09, 2015 10:57 pm
Location: Working From Home

Phoenix wrote:
Sun May 26, 2019 12:17 pm
Dallas wrote:
Sun May 26, 2019 9:13 am
LinusP wrote:
Sun May 26, 2019 9:08 am

Dallas I assume it is turned on by default?
No its defaulted to polling
Can it be turned on/off, on both Bet Angel and the Betfair website? Also if you want to view the live pictures the Betfair website provides I assume you have to have streaming switched on? And finally where do you switch it on/off?
The BF website doesn't support streaming, only the API. Streaming is only to retrieve market info like prices traded volume and has no effect on the live pics which are just viewed via the BF live video page

To enable streaming see this post
viewtopic.php?f=47&t=13949
Phoenix
Posts: 23
Joined: Fri May 24, 2019 12:34 pm

Thanks Dallas.
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