betfair prices

[lomaca]

First time I logged on to betfair to back my selections.
Unless I am doing somet wrong, this is not for me
Lauceston race 1 my selections are 12, 13, 4 and all paying much better on the TABs

[Crackone]

Just have to waite until the last couple of minutes. The book % is 491. If you now what price you want you can ask for that price, click on back put your price in submit, it will come up on the lay side for someone else to give you those odds.

[Crackone]

These are the odds you could have had

No 12 odds of ...120/1 ...uni tab $45
No 13 ..............10/1 ................$ 7
No 4 ............. .25/1.............. $33 (would have been matched at 50-80 /1)

[lomaca]

These are the odds you could have had

No 12 odds of ...120/1 ...uni tab $45
No 13 ..............10/1 ................$ 7
No 4 ............. .25/1.............. $33 (would have been matched at 50-80 /1)

Have to find my way around yet, and read the instructions. There were 3 columns for backing , which is relevant? Also is there a place bet?

[Merriguy]

Take things slowly --- you will soon get the hang of it. The coloured tabs are the current prices (bet and lay).

If you go to the left of the screen you will see 'Search Markets' and under it 'All Markets'. Scroll down that heading until you come to 'Horse Racing -- Today's Card', click on it and the races will be indicated as they are due (You have to keep scrolling on that list as time goes along). There you will see if there is a Place Market too. There usually is.

Good Luck.

[Crackone]

Have to find my way around yet, and read the instructions. There were 3 columns for backing , which is relevant? Also is there a place bet?Take your time it takes a bit to get used to, you will make mistakes (we all have) sometimes they are good mistakes sometimes not.

[lomaca]

Take your time it takes a bit to get used to, <b>you will make mistakes</b>

Now you tell me!!
I thought I could back two horses with one bet, but I was wrong and by the time I worked my way back, it was canceled or "suspended"?? so I missed out on a win.
In the place section, the prices seem to be in pounds, can I change that?
Also, the whole site seems to be very slow, tried to download some Betfair tool and could not even connect to it. (no probs. with other sites!)
If I could put in my bets either automatically or before the race, specifying a price, it would be great. Any Betfair tool for that?
Thanks for the help, much appreciated.

[lomaca]

Now you tell me!!
I thought I could back two horses with one bet, but I was wrong and by the time I worked my way back, it was canceled or "suspended"?? so I missed out on a win.
In the place section, the prices seem to be in pounds, can I change that?
Also, the whole site seems to be very slow, tried to download some Betfair tool and could not even connect to it. (no probs. with other sites!)
If I could put in my bets either automatically or before the race, specifying a price, it would be great. Any Betfair tool for that?
Thanks for the help, much appreciated.

PS.

Definitely have to learn how to drive this.
So far succeeded to put in 2 losing bets, missed out on 4 winners or place bets for various reasons, like the last one because the min. bet is $6. Bet more than $6 before so I did not know.
I think I give it a miss and recoup the day on the TAB.
Try again when I have time to work out how to do it.
Thanks again

[lomaca]

PS.

Definitely have to learn how to drive this.
So far succeeded to put in 2 losing bets, missed out on 4 winners or place bets for various reasons, like the last one because the min. bet is $6. Bet more than $6 before so I did not know.
I think I give it a miss and recoup the day on the TAB.
Try again when I have time to work out how to do it.
Thanks again

PSPS.
Bu. ..r finally got on put $15 on Northern Point for a place and it won!!! B...!
definitely back to the TAB for me for now BBBBBgger. (I was in the place screen)

[Chrome Prince]

Iomaca, you've just had some teething problems.

Have all your serious bets with the TAB until you get used to the Betfair interface and play around with small stakes on the new interface.

Once you get used to everything and back a $5.00 TAB horseat $12.00 with Betfair, you'll never go back.

On Friday night I backed a $1.10 pacer at $1.60 Betfair - you just can't lose if you look for value. Well you can lose, but it's much harder if you get good prices.

[pengo]

Is there anywhere on betfair where you can see previous markets, like what was the last odds up until the jump? I would love to see what sort of odds I would have gotten for some of my selections on betfair compared to tab.

[lomaca]

Iomaca, you've just had some teething problems.

Have all your serious bets with the TAB until you get used to the Betfair interface and play around with small stakes on the new interface.

Once you get used to everything and back a $5.00 TAB horseat $12.00 with Betfair, you'll never go back.

On Friday night I backed a $1.10 pacer at $1.60 Betfair - you just can't lose if you look for value. Well you can lose, but it's much harder if you get good prices.

True!
I can't complain, I am doing OK. But just this last race at Kyneton I had 5*50.00 on Our Brockie and it came second at $5 somet, I am sure I would have got more on Betfair,
My biggest problem is sitting here all day it drives me bananas !!

[pengo]

There are 3rd party programs that let you put on small bets.
Its called Bet Trader Pro

[Chrome Prince]

Yeah, it can do for sure.

If you're betting on Betfair and don't wantto sit around all day...

put your bet on <1min to go when the book percentages are close to 100% as possible.

Take an interest in UK racing and take Betfair SP an goto bed ;)

Automate it using a bot

I've got really sick pushing myself up til early morning laying UK races because I can set a bet in-play, so love the UK races.

I've now retired from staying up late (on doctors orders), so I have all my bets preprogrammed or settled in by midnight.

[Crackone]

There are 3rd party programs that let you put on small bets.

I think ones called Betfair Pro? You might want to message Angry Pixie he/she might know.Bettrader pro it is free to use, just do a google search. It has videos to show you how it works. It is a must have.

[lomaca]

Chrome P,
Someone told you yesterday, that, more or less you were taking money from people on this forum.
I just had two bets on betfair at $7.6 and at $8.2 in total for $45 for a horse
Flying Along which paid around the $4.5 mark on the TAB.
Can I, you or anyone else, help, it if there are people who put their money where their opinion is?
I wish I knew of this caper before, and no, I don't feel sorry for anyone on Betfair just as I don't feel sorry for anyone on the TABs. We go into this with eyes open and hopefully, minds open AND on the job in hand as well!
Still have a lot to learn as far as using Betfair goes, but as long the crowd is asleep, I will take advantage.
Good luck to all.

[lomaca]

Automate it using a bot


I will try that.
I am not into lay-betting, strictly a rating, ("handicapping", but since I do it via software I would not hurt the feelings of some purists) man.
Although I suppose, I could lay my rejects, but still, the concept is strange to me, besides, if I back a horse, I get back my stake multiplied by the odds, by laying, if I get this right, I get the stake of whoever took my bait?

[Chrome Prince]

Bettrader pro it is free to use, just do a google search. It has videos to show you how it works. It is a must have.

Bettrader Pro standard interface is free.
BetAngel standard one click interface is free.

Gruss Betting assistant is only 5 pounds per month with standard interface, ladder interface, triggered betting etc etc.

I'd start off with the other two and progress up, Gruss Betting Assistant is brilliant, the interface is reliable and they constantly improve it.
It's not an ad for them, I don't get anything out of it, it's just a great tool at a great price - I wouldn't be without it.

[Crackone]

Gruss Betting assistant is only 5 pounds per month with standard interface, ladder interface, triggered betting etc etc.Have they added charting yet?

[Chrome Prince]

yes, they have just added the betfair price charts.

[AngryPixie]

Is there anywhere on betfair where you can see previous markets, like what was the last odds up until the jump? I would love to see what sort of odds I would have gotten for some of my selections on betfair compared to tab.

http://www.betfair.com.au/data/

[pengo]

crap, thats a lot of data! :)

[Bhagwan]

Pengo, the reason why there is a lot of data is because there are a lot of races ,anyway, didn't you just ask for this data?
So why do you sound upset ?

Cheers.

[pengo]

Its ok man, I was expecting something like tabonline.com.au not raw data. I am but a simple man :)

[King Cugat]

.. I am but a simple man :)
Raw shrimp, deep fried shrimp, shrimp on the bbq......

[lomaca]

http://www.betfair.com.au/data/

Great stuff, Angry
I can now go back and find out if there is a pattern when there is a better price on the TAB, opposed to Betfair?
I there isn't any pattern? Well I can only try. Would be handy though, for placing automated bets.

Thanks
Good luck

[Bhagwan]

Hi Iomaca,
One way of using the Tab data is to use Qld UniTAB, target the TAB 1st & 2nd fav at 1 min till jump.

Bet them on Betfair if it is paying at least 1.5 pts more than the UniTAB.
Example
I bet Flying Along which was $3.60 on UniTAB it was carring 59Kg after just one race start, which it previously won , there were 3 other horses with the same wt & more. Its form to wt did not look good compared to the other more experienced runners in the field.
It Won paying $8.60 on Betfair.

It is considered amoung Bookies that QLD punters tend to be a little more astute than the other states when it comes to the punt.
One will see many winners that pay less on Unitab compared to the other states TABs among the top 2-3 favs.

If both the 1st & 2nd TAB Favs are paying 1.50pts more on Betfair, bet both of them.

Cheers.

[JoeF]

Bhagwan, I am not sure if we Qld punters are more astute or more stupid.
As I understand it the Qld TAB does not pay a set % of the pool for a race as divvies, it pays what it reckons is a fair divvie.
How it arrives at that figure is anyone's guess, but the TAB is reported as saying they have to be competitive with other betting outlets.
(Info from Mon Courier, The Ear section)
It came as a complete surprise to me, so there really is a million ways to do your dough apparently.

[jfc]

Bhagwan, I am not sure if we Qld punters are more astute or more stupid.
As I understand it the Qld TAB does not pay a set % of the pool for a race as divvies, it pays what it reckons is a fair divvie.
How it arrives at that figure is anyone's guess, but the TAB is reported as saying they have to be competitive with other betting outlets.
(Info from Mon Courier, The Ear section)
It came as a complete surprise to me, so there really is a million ways to do your dough apparently.

JoeF (or anyone else)

I'd love to see a link to that intriguing story.

I believe the reason UNiTAB dividends (on winners) are far too often lower than elsewhere is because they offer big kick backs to certain players. Very hush hush of course.

So the smart money finds its way into UNiTAB.

[JoeF]

JFC, I don't know about any link but I have the paper in front of me (Mon Courier 04/02/08).I shall type in what it reads. (Bear with my limited computer skills)

Quote
"In recent weeks we have had an unusually high number of punters asking us how to explain the percentage deduction system for UNITAB.
We did try to get a definitive answer but the best we can do is there are no longer set deductions from any TAB pool.
UNITAB is not the only one which operates on a system where it must return a minimum 75% (a 25% deduction) on any given bet but over a year must return 84 % (16% deduction) of all money invested.
The safeguard is the TAB must remain competitive with the other TAB's in declaring their dividends.
They also point out they have to pay tax and expenses out of the 16% they take each year.
But how each bet's calculated- who knows!
Unquote

You could ring UNITAB, but I think Mark Oberhardt would have got to the bottom of this, if there as one.

PS That took me an age to type.

[jfc]

Thanks Joe,

That stated system seems to be on the nose.

For example when an exotic jackpots UNiTAB could in anticipation of a huge pool raise the rake - and nobody would be any the wiser.

Furthermore it could raise rakes on the Melbourne Cup pools and reel in extra millions from once a year punters.

Trying to get any rake information from their site is beyond my capabilities.

[JoeF]

Just another case of the poor old punter running a bad last again.
I think they probably skim off a percentage that still makes the divvie reasonable and put the rest towards promos etc, a la the LOTTO boys.
Or more likely propping up their mistakes on the fixed odds markets perhaps.

There could also be something to the suggestion that they give bonuses to LARGE punters.

As i say, a million ways to get beat.
Voting with our feet may be the only option left.

Scandalous really.

[Mark]

Not condoning what the TAB's do or don't do, but in this day and age with the choices of where to bet, and the knowledge of how much of a ripoff they have been, (and still are !) anyone using the TAB's gets all they deserve. I agree with Joe, why people aren't voting with their feet is beyond me.

[stugots]

probably helps explain many of those magic $1.00 place divvies, how thats allowed is beyond me

be interesting to have a peak into the future say 5 years down the track & have a look at the punting landscape, hopefully be 1/2 dozen betting exchanges operating here & a <10% takeout by the tabs

but not likely, be too much of a 'fair go' for the average punter

[JoeF]

I think it is the same mindset that sees many of us buy a can of soft drink for $2 at the corner store when they are selling a carton of the stuff up the road for $10.
I don't mind a Saturday at the PUBTAB myself, but the value as far as punting goes is pretty ordinary. Convenient more than anything I suppose.

[pengo]

Well yeah, air conditioned, big screen tv. booze... can see the attraction.

[Chrome Prince]

Well yeah, air conditioned, big screen tv. booze... can see the attraction.

Hmm, it wouldn't be long before you could install your own airconditioning and buy your own plasma t.v. with the money you save from the take on the booze and odds.

[JoeF]

Not to mention the company, something that is missing if you sit at home (the missus doesn't really count)