Not always. Many different ways to trade the markets.rogerlisa wrote:Yes surely, but isnt trading about seizing opportunity aswell?
On some markets I put some orders in the market, wait for them to get filled. That's about it.
Courtsiding Cheaters?
On some markets I put some orders in the market, wait for them to get filled. That's about it.
I was in Eastbourne on Friday for the semis, and happened to notice that any odds movement occurred around 3/4 seconds after the conclusion of the point.
This led me to conclude that either;
a) there are some people (including Betfair employees etc) that are able to avoid the inplay suspension delay, or
b) because the pictures are streamed from a UK tourney, the lag between live stream and live action is less than the 6 second inplay suspension delay - therefore traders are able to cancel bets accordingly, thus removing liquidity.
Or actually, it could be a combo of both points....either way, it made for very interesting reading.
Perhaps someone could clarify whether I'm being over-imaginative, or just provide any feedback.
This led me to conclude that either;
a) there are some people (including Betfair employees etc) that are able to avoid the inplay suspension delay, or
b) because the pictures are streamed from a UK tourney, the lag between live stream and live action is less than the 6 second inplay suspension delay - therefore traders are able to cancel bets accordingly, thus removing liquidity.
Or actually, it could be a combo of both points....either way, it made for very interesting reading.
Perhaps someone could clarify whether I'm being over-imaginative, or just provide any feedback.
Thought it may be worth using the press coming out of the Aussie open to re-raise this thread and continue the discussion as the on-going case in Australia is obviously going to bring this to the fore and may force some changes.
Original posts on the story: -
http://au.news.yahoo.com/today-tonight/ ... g-scandal/
Aussie news coverage: -stevequal wrote:"22 year old man from the UK charged with courtside betting. The penalties for the offences are up to 10 years in jail."
http://www.theguardian.com/sport/2014/j ... alian-open
Story seems to be covered by most the main stream press. Not sure I have seen it get this attention before.
http://au.news.yahoo.com/today-tonight/ ... g-scandal/
Latest information on the court case: -
http://www.theaustralian.com.au/news/na ... 6808518757
THE first person charged with Victoria's "courtsiding" offence is one of six people who travel to tennis tournaments the world over to send live score updates to a British betting agency, a court has heard.
UK man Daniel Thomas Dobson, 22, was arrested after an Australian Open match last week following intelligence received by Tennis Australia and passed on to police.
He's accused of using a device hidden in his shorts to send live point details from the match to betting agency Sporting Data Limited.
His lawyer, David Galbally QC, told the Melbourne Magistrates Court on today Mr Dobson was seeking to have the charges dropped. But prosecutors rejected Mr Galbally's submission and will push ahead.
Prosecutor Luke Excell said Mr Dobson was allegedly one of six people who travel the world to send live results of points won at tennis tournaments directly to the betting agency.
"He's previously been asked to leave a tournament in New Zealand," Mr Excell told court.
Mr Dobson has been charged with one count of engaging in conduct that would corrupt a betting outcome.
He allegedly had a device built into his shorts and linked to his mobile phone which allowed him to wirelessly relay the results as they happened.
Mr Dobson sent results before the agency could get them through the official channels and that had the ability to affect betting odds, a police prosecutor told a hearing last week.
But Mr Dobson's lawyers claim their client was simply collecting data for the betting agency.
Dobson was bailed to live in a Melbourne hotel following his arrest on January 16, but Mr Galbally said his client wishes to return to England until a March court date.
Mr Galbally said Mr Dobson planned to live with his father, Detective Inspector Tim Dobson of the Metropolitan Police, upon his return to England.
The court could therefore have confidence he would return to face the charge, Mr Galbally said.
The Office of Public Prosecutions proposed Mr Dobson post a bail surety of $100,000 to $500,000, a figure which Mr Galbally said amounted to "no bail at all".
Mr Galbally said the figure was excessive given police initially offered Mr Dobson a diversion for his alleged offending.
Diversion allows first-time offenders to acknowledge responsibility and be released without conviction.
Magistrate Gerard Lethbridge said he intends to allow Mr Dobson to return home on a surety of $10,000.
The hearing was temporarily stood down while the arrangements for the surety are organised.
http://www.theaustralian.com.au/news/na ... 6808518757
THE first person charged with Victoria's "courtsiding" offence is one of six people who travel to tennis tournaments the world over to send live score updates to a British betting agency, a court has heard.
UK man Daniel Thomas Dobson, 22, was arrested after an Australian Open match last week following intelligence received by Tennis Australia and passed on to police.
He's accused of using a device hidden in his shorts to send live point details from the match to betting agency Sporting Data Limited.
His lawyer, David Galbally QC, told the Melbourne Magistrates Court on today Mr Dobson was seeking to have the charges dropped. But prosecutors rejected Mr Galbally's submission and will push ahead.
Prosecutor Luke Excell said Mr Dobson was allegedly one of six people who travel the world to send live results of points won at tennis tournaments directly to the betting agency.
"He's previously been asked to leave a tournament in New Zealand," Mr Excell told court.
Mr Dobson has been charged with one count of engaging in conduct that would corrupt a betting outcome.
He allegedly had a device built into his shorts and linked to his mobile phone which allowed him to wirelessly relay the results as they happened.
Mr Dobson sent results before the agency could get them through the official channels and that had the ability to affect betting odds, a police prosecutor told a hearing last week.
But Mr Dobson's lawyers claim their client was simply collecting data for the betting agency.
Dobson was bailed to live in a Melbourne hotel following his arrest on January 16, but Mr Galbally said his client wishes to return to England until a March court date.
Mr Galbally said Mr Dobson planned to live with his father, Detective Inspector Tim Dobson of the Metropolitan Police, upon his return to England.
The court could therefore have confidence he would return to face the charge, Mr Galbally said.
The Office of Public Prosecutions proposed Mr Dobson post a bail surety of $100,000 to $500,000, a figure which Mr Galbally said amounted to "no bail at all".
Mr Galbally said the figure was excessive given police initially offered Mr Dobson a diversion for his alleged offending.
Diversion allows first-time offenders to acknowledge responsibility and be released without conviction.
Magistrate Gerard Lethbridge said he intends to allow Mr Dobson to return home on a surety of $10,000.
The hearing was temporarily stood down while the arrangements for the surety are organised.
-
maycontainnuts
- Posts: 88
- Joined: Wed Oct 10, 2012 5:58 pm
Tennis arrest at company set up by former Betfair staff
Sporting Data, the company embroiled in the "courtsiding" affair at the Australian Open tennis tournament, used the betting exchange to make its wagers
http://www.telegraph.co.uk/finance/news ... staff.html
Sporting Data, the company embroiled in the "courtsiding" affair at the Australian Open tennis tournament, used the betting exchange to make its wagers
http://www.telegraph.co.uk/finance/news ... staff.html
-
maycontainnuts
- Posts: 88
- Joined: Wed Oct 10, 2012 5:58 pm
Should this concern us? If Betfair don't use our trading data then it seems that former employee could hunt out the best traders and learn what they are doing?
Now that's not a bad job!Euler wrote:
THE first person charged with Victoria's "courtsiding" offence is one of six people who travel to tennis tournaments the world over to send live score updates to a British betting agency, a court has heard.
Over the years there have been quite a few people doing this. A little cottage industry sprung up.
Have a read of 'The newtonian Casino' where some people used physics and a hidden computer to predict where a ball would drop on roulette. A good read.
Have a read of 'The newtonian Casino' where some people used physics and a hidden computer to predict where a ball would drop on roulette. A good read.
(there you go LinusP - Get your CV into SportingData!)Euler wrote:Over the years there have been quite a few people doing this. A little cottage industry sprung up.
Have a read of 'The newtonian Casino' where some people used physics and a hidden computer to predict where a ball would drop on roulette. A good read.
I'll check that book out (sounds like the film 21)..?
PeterLe wrote:(there you go LinusP - Get your CV into SportingData!)Euler wrote:Over the years there have been quite a few people doing this. A little cottage industry sprung up.
Have a read of 'The newtonian Casino' where some people used physics and a hidden computer to predict where a ball would drop on roulette. A good read.
I'll check that book out (sounds like the film 21)..?
-
maycontainnuts
- Posts: 88
- Joined: Wed Oct 10, 2012 5:58 pm
Tennis-'Courtsiders' court controversy at Australian Open
http://uk.reuters.com/article/2014/01/2 ... NZ20140122
http://uk.reuters.com/article/2014/01/2 ... NZ20140122
-
maycontainnuts
- Posts: 88
- Joined: Wed Oct 10, 2012 5:58 pm
If you're talking about the act of taking advatange of no delay, by being courtside, then I don't think you're mistaken, but I do think that it is just your opinion that this is cheating.MarketTrader wrote:Does this mean I am mistaken or that people just don't care anymore?
Where there are rules in any part of life, some people will push, manipulate or just crash through them. In sport, Formula 1 springs to mind as the best example.
Surely the 'fix' for court side trading is to remove the delay - so it's an even playing field. I'm not sure if the delay is technical, logistical or something else. But that has to be the fix, not expecting everything to play nicely with exactly the same interpretation of rules.
Oh - and throwing beach balls onto court, or any other form of manipulation of the contestants is clearly a different thing!
