Australian racing

[Naffman]

There was about 6 seconds between the live video jump and when the market suspended, if a fave gets a bad start it will push the SP out massively

[PDC]

There was about 6 seconds between the live video jump and when the market suspended, if a fave gets a bad start it will push the SP out massively

Have seen that on a few markets recently. Betfair seem to have got a lot slower at turning markets inplay, not sure why. I saw one last week where 1-2 horse pre off hit 6-1 before the market went inplay and the SP was around 8-1. It messed the start up massively. Market was settled as normal.

[PDC]

Free cash at Rosehill.

Result of the day for me in the 0635 at Rosehill.

Rosehill has been excellent today.

[Bog]

Hi guys. New here! I have a question about trading Aussie markets! How do you "avoid" turnover charge? Or you can't?
From what I understand it's only for NSW markets? If I don't trade more than 25 NSW markets in a week I will not pay the charge?

[Derek27]

There was about 6 seconds between the live video jump and when the market suspended, if a fave gets a bad start it will push the SP out massively

Have seen that on a few markets recently. Betfair seem to have got a lot slower at turning markets inplay, not sure why. I saw one last week where 1-2 horse pre off hit 6-1 before the market went inplay and the SP was around 8-1. It messed the start up massively. Market was settled as normal.

They sometimes suspend the market two minutes after it's finished.

[Derek27]

Free cash at Rosehill.

Result of the day for me in the 0635 at Rosehill.

Rosehill has been excellent today.

Such a refreshing change to UK markets - rapid and repetitive scalping instead of sitting, waiting, and watching the odd £3.50 get matched!

[Derek27]

Markets seem to get more volatile as the night progresses.

[Derek27]

Hi guys. New here! I have a question about trading Aussie markets! How do you "avoid" turnover charge? Or you can't?
From what I understand it's only for NSW markets? If I don't trade more than 25 NSW markets in a week I will not pay the charge?

Hi Bog, welcome to the forum. Sorry, I didn't notice you post before my last two.

You pay turnover charge if you trade more than 24 markets AND $2000(AUS), in a week (Monday to Sunday).

I've easily exceeded $2000 tonight but I've only traded 9 NSW markets so I'll be safe. But I've heard if you cost Betfair a lot of money by avoiding the charged they will eventually tell you to stop trading NSW courses.

[Bog]

Thanx for your reply Derek. I will try not to trade more than 24 NSW markets in a week from now on

That 2000$ it's only for back bets, right? So if I don't trade more than 24 markets, can I have more than 2000$ matched and still not pay the turnover charge?

And last q, where I can find a list with all NSW races? I want to be aware when it's an NSW market and count them. Cheers

[Naffman]

I traded less than 25 markets and they still got me, if you're straight backing you'd be fine exceeding the limits but trading hardly gives them the commission they want.

[PDC]

Thanx for your reply Derek. I will try not to trade more than 24 NSW markets in a week from now on

That 2000$ it's only for back bets, right? So if I don't trade more than 24 markets, can I have more than 2000$ matched and still not pay the turnover charge?

And last q, where I can find a list with all NSW races? I want to be aware when it's an NSW market and count them. Cheers

I trade less than 25 NSW markets a week (I only do Saturdays) but trade more than $2,000 and (touch wood) have not had any issues. I don't think the limit includes Trotting markets, not that i trade them.

This is a useful link which shows what is scheduled over the next few weeks and where: http://www.racingaustralia.horse/

[Bog]

I traded less than 25 markets and they still got me, if you're straight backing you'd be fine exceeding the limits but trading hardly gives them the commission they want.

How it's that possible? Did you asked them why did they charged you if you didn't traded more than 24 markets?

I trade less than 25 NSW markets a week (I only do Saturdays) but trade more than $2,000 and (touch wood) have not had any issues. I don't think the limit includes Trotting markets, not that i trade them.

This is a useful link which shows what is scheduled over the next few weeks and where: http://www.racingaustralia.horse/

Thanx for the link PDC . From now on I will use it all the time. I think it dowsn't show Parkes Harness for tommorow, but I don't trade them anyway.

[Derek27]

I traded less than 25 markets and they still got me, if you're straight backing you'd be fine exceeding the limits but trading hardly gives them the commission they want.

Is that less than 25 in a week Monday to Sunday?

I never trade more than 24 markets but often exceeded the $2000 (about £1100) and I've been OK.

[Derek27]

Thanx for your reply Derek. I will try not to trade more than 24 NSW markets in a week from now on

That 2000$ it's only for back bets, right? So if I don't trade more than 24 markets, can I have more than 2000$ matched and still not pay the turnover charge?

And last q, where I can find a list with all NSW races? I want to be aware when it's an NSW market and count them. Cheers

Just to confirm, it is your back total only that counts.

[Naffman]

I traded less than 25 markets and they still got me, if you're straight backing you'd be fine exceeding the limits but trading hardly gives them the commission they want.

Is that less than 25 in a week Monday to Sunday?

I never trade more than 24 markets but often exceeded the $2000 (about £1100) and I've been OK.

Yes, well I think it was less than 50 markets actually, but they have reduced it to 25 since

The number of markets is just a BF rule and not a RNSW rule, if you trade 1 market or 200 rnsw still want their turnover charge from Betfair

But just keep going until they ring you, you won't have to pay anything they just say if you carry on after this warning then we will suspend your account