Betfair Down / Betfair site crash
Here is another reference site for total outages: -
https://downdetector.co.uk/problems/betfair/archive
https://downdetector.co.uk/problems/betfair/archive
- Grinderman
- Posts: 94
- Joined: Sun Mar 08, 2015 2:44 pm
It depends on how you trade. Personally, I start by backing (or laying) early in the day with a view to trade out several hours later. That makes me very susceptible to an outage. You guys on here who wait until 10 minutes before the off to start trading will have minimal exposure.ShaunWhite wrote: ↑Sun May 19, 2019 6:43 pmI don't understand why any trader working a market that has take sp wants to trade bare positions. Every trade I make is automatically paired and then maintainance bets go in anytime my estimate of bsp changes. So far in the outages I've lost no more than the cost of a poor trade, because in the time between the comms outage to start time the price has moved a lot. Obviously inplay is still risky but that's why I never do it on a Saturday. I could have maybe lost a day's wages in the outage a few days ago but talk of whole banks or a week's wages, wow.
You can ride the fluctuations if you're a big-time trader but I personally couldn't be doing with a run of bad outcomes. Part-timers are especially vulnerable as they don't see enough outages for them to be a wash, and they take no precautions over THE largest and pretty much the only risk we face. Everyone knows BF goes down, to not try and mitigate that risk to at least some extent with locked-in accepted closing bets just seems Ike complacency or blind faith in somehow never having a comms problem.
The amount of exposure depends on how much you have invested in the market, not how long before the race you start trading. Traders who trade 10 minutes before a race will often be trading all day so we are all equally susceptible to outages.Grinderman wrote: ↑Mon May 20, 2019 12:13 amIt depends on how you trade. Personally, I start by backing (or laying) early in the day with a view to trade out several hours later. That makes me very susceptible to an outage. You guys on here who wait until 10 minutes before the off to start trading will have minimal exposure.ShaunWhite wrote: ↑Sun May 19, 2019 6:43 pmI don't understand why any trader working a market that has take sp wants to trade bare positions. Every trade I make is automatically paired and then maintainance bets go in anytime my estimate of bsp changes. So far in the outages I've lost no more than the cost of a poor trade, because in the time between the comms outage to start time the price has moved a lot. Obviously inplay is still risky but that's why I never do it on a Saturday. I could have maybe lost a day's wages in the outage a few days ago but talk of whole banks or a week's wages, wow.
You can ride the fluctuations if you're a big-time trader but I personally couldn't be doing with a run of bad outcomes. Part-timers are especially vulnerable as they don't see enough outages for them to be a wash, and they take no precautions over THE largest and pretty much the only risk we face. Everyone knows BF goes down, to not try and mitigate that risk to at least some extent with locked-in accepted closing bets just seems Ike complacency or blind faith in somehow never having a comms problem.
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Maybe I didn't explain it very well, when you open your early position, why not also submit a covering takesp bet at 1.01 or 1000 or similar? If during the day or near the start you close or modify your position, also modify or add/remove a corresponding cover bet with takesp. It could all be done without you even knowing with BA I suspect, but I can't really advise on that.Grinderman wrote: ↑Mon May 20, 2019 12:13 amIt depends on how you trade. Personally, I start by backing (or laying) early in the day with a view to trade out several hours later. That makes me very susceptible to an outage. You guys on here who wait until 10 minutes before the off to start trading will have minimal exposure.ShaunWhite wrote: ↑Sun May 19, 2019 6:43 pmI don't understand why any trader working a market that has take sp wants to trade bare positions.
I'm not suggesting everything will be roses but it can't be worse than having a position with no coverage and just crossing your fingers. I'm not suggesting anyone does what I do, there may be pitfalls I'm blissfully unaware of, but it works for me.
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- Grinderman
- Posts: 94
- Joined: Sun Mar 08, 2015 2:44 pm
Shaun, are you saying that if I have £1,000 back at 6.00, put in a £100,000 lay at 1.01 with take SP selected?ShaunWhite wrote: ↑Mon May 20, 2019 1:45 amMaybe I didn't explain it very well, when you open your early position, why not also submit a covering takesp bet at 1.01 or 1000 or similar? If during the day or near the start you close or modify your position, also modify or add/remove a corresponding cover bet with takesp. It could all be done without you even knowing with BA I suspect, but I can't really advise on that.Grinderman wrote: ↑Mon May 20, 2019 12:13 amIt depends on how you trade. Personally, I start by backing (or laying) early in the day with a view to trade out several hours later. That makes me very susceptible to an outage. You guys on here who wait until 10 minutes before the off to start trading will have minimal exposure.ShaunWhite wrote: ↑Sun May 19, 2019 6:43 pmI don't understand why any trader working a market that has take sp wants to trade bare positions.
I'm not suggesting everything will be roses but it can't be worse than having a position with no coverage and just crossing your fingers. I'm not suggesting anyone does what I do, there may be pitfalls I'm blissfully unaware of, but it works for me.
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Maybe contacting someone bang in the middle of a crisis wasn't the optimum time, unless you knew how to fix it?
I'd always look more kindly on customers who waited until the dust had settled to talk. You know these people though, so I guess you know when they're most receptive.
At least emails can be answered when they choose. What gets me is when the railways are in turmoil and the station manager can't do anything to fix it because he's confronted by ten angry passengers!!ShaunWhite wrote: ↑Tue May 21, 2019 4:33 pmMaybe contacting someone bang in the middle of a crisis wasn't the optimum time, unless you knew how to fix it?
I told him I would follow up this week as he was probably busy, but just wanted to express my frustration and that of my customers.ShaunWhite wrote: ↑Tue May 21, 2019 4:33 pmMaybe contacting someone bang in the middle of a crisis wasn't the optimum time, unless you knew how to fix it?
I'd always look more kindly on customers who waited until the dust had settled to talk. You know these people though, so I guess you know when they're most receptive.