Trading Horse racing : Removal of 1 second inplay delay for inrunning horse bets

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ShaunWhite
Posts: 3705
Joined: Sat Sep 03, 2016 3:42 am

Tue Feb 13, 2018 7:20 pm

If anyone thinks a delay is beneficial then they could always go back to 2400baud internet. Somehow I suspect they won't.

3virgul14
Posts: 63
Joined: Wed May 26, 2010 8:28 am

Tue Feb 13, 2018 7:26 pm

May I ask all of you why you have never asked about different inrunning delays in football tennis or cricket?

Isit any different that a horse falls down or a goal scored in a football market? Both cases some odds rocket to 1000 and some other come in?

Derek27
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Location: UK

Tue Feb 13, 2018 8:50 pm

I think the purpose or part of the purpose of the delay is to make it a more level playing field and give you an opportunity to cancel your bets if things change in a split second.

Simonlofc
Posts: 139
Joined: Tue Sep 30, 2014 11:07 am

Tue Feb 13, 2018 10:11 pm

Derek27 wrote:
Tue Feb 13, 2018 8:50 pm
I think the purpose or part of the purpose of the delay is to make it a more level playing field and give you an opportunity to cancel your bets if things change in a split second.
is that right though? you press place a bet and in that sec before it hits the market you cant cancel it can you? i know if a horse falls when you were trying to back it at 5.0 you get 1000 on it when the bet hits the market, not sure that cheers me up much lol but in that 1 sec you cant do anything can you? in football the game may suspend and your bet saved but in racing you dont get that i dont think

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BetScalper
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Tue Feb 13, 2018 10:29 pm

This is great news as one of my systems places bets in gaps when LTP > LAY PRICE + 20 TICKS which corresponds to backers pulling their money out of the market.

Derek27
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Location: UK

Tue Feb 13, 2018 10:36 pm

Simonlofc wrote:
Tue Feb 13, 2018 10:11 pm
Derek27 wrote:
Tue Feb 13, 2018 8:50 pm
I think the purpose or part of the purpose of the delay is to make it a more level playing field and give you an opportunity to cancel your bets if things change in a split second.
is that right though? you press place a bet and in that sec before it hits the market you cant cancel it can you? i know if a horse falls when you were trying to back it at 5.0 you get 1000 on it when the bet hits the market, not sure that cheers me up much lol but in that 1 sec you cant do anything can you? in football the game may suspend and your bet saved but in racing you dont get that i dont think
I know you can't cancel a bet during a delay but if I remember correctly (it's been a long time since I placed bets IR) once your bet is in the market you can cancel it instantly, so you have an advantage over anyone who wants to take the bet.

Wolf1877
Posts: 182
Joined: Fri Sep 08, 2017 10:59 am

Tue Feb 13, 2018 10:39 pm

Is it really only 1 second at the moment? I thought it was longer. Amazing how a second can seem like an absolute eternity when trading manually inplay!
For me this is hugely helpful as I am currently in the process of analyzing data to figure out develop my inplay bots.

The downside for me is that existing data already captured will be less valid for predicting future markets on the new rules as the markets will not be working the same.
For people with existing profitable bots it could affect profitability too, either positively or negatively. SHould be possible to recycle more backs and lays in the volatile periods of a race.

Derek27
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Location: UK

Tue Feb 13, 2018 10:46 pm

I believe the length of delay varies depending on the sport.

Wolf1877
Posts: 182
Joined: Fri Sep 08, 2017 10:59 am

Tue Feb 13, 2018 10:51 pm

PeterLe wrote:
Tue Feb 13, 2018 5:53 pm
Edit: Just found this link online..http://community.betfair.com/horse_raci ... -bet-delay
bring it on!!! :-)
Hi Peter,

Any chance you can share what that post says please?
Apparently that community forum is by invitation only after 6 to 9 months of trading.

Basically I want to know if there is any info on actual start dates, is it a trial period only etc.

Wolf1877
Posts: 182
Joined: Fri Sep 08, 2017 10:59 am

Tue Feb 13, 2018 11:09 pm

Derek27 wrote:
Tue Feb 13, 2018 10:46 pm
I believe the length of delay varies depending on the sport.
Yes I know the football is about 8 seconds or so. Not sure about other sports.
But for Racing I thought I'd read somewhere it was 3 seconds and I hadnt actually bothered timing it (schoolboy error) - not even sure where I got the 3 seconds from - old information possibly. A 1 second delay makes things a hell of a lot more straightforward than a 3 second delay and no delay at all should make things simpler still. A possible downside is that dumb reactive bots running on on a high power low latency servers may now be able to outperform more intelligent predictive bots that had previously maybe had a better edge even if running on inferior hardware due to the second delay.

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