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-   -   Betfair, genuine help requested (http://forums.ozmium.com.au/showthread.php?t=17849)

jfc 23rd July 2008 12:08 PM

Quote:
Originally Posted by stugots
agreed




disagree

on average my win bets are matched at > than the tabs final divs. after commission of course

one thing is for sure however - tab betting results in one ALWAYS getting fleeced


Wednesday should be a perfect day for BSP, with all the workforce back at it after the Papal disruption.

Yet in markets I've looked at so far today, BSP accounts for merely ~1% of the Betfair pool.

If BSP had anything going for it, I imagine that % would be heaps higher.

So I assume former big-betting BSP'ers inevitably get fleeced and don't hang around after that.

partypooper 23rd July 2008 12:24 PM

Thorns, Sportsbet pays Best Tote at Metro meets and best of NSW & Supertab for country meets (Country best) win or place. what I do is 2/3 bet at country best 1/3 at Unitab for the best average.

thorns 23rd July 2008 12:25 PM

Quote:
Originally Posted by partypooper
Thorns, Sportsbet pays Best Tote at Metro meets and best of NSW & Supertab for country meets (Country best) win or place. what I do is 2/3 bet at country best 1/3 at Unitab for the best average.
Cheers party, any idea how that comapers to I.A.S superprice?

stugots 23rd July 2008 12:38 PM

Quote:
Originally Posted by jfc
Wednesday should be a perfect day for BSP, with all the workforce back at it after the Papal disruption.

Yet in markets I've looked at so far today, BSP accounts for merely ~1% of the Betfair pool.

If BSP had anything going for it, I imagine that % would be heaps higher.

So I assume former big-betting BSP'ers inevitably get fleeced and don't hang around after that.


all i can do is relate my experience with bsp & if my returns were less than what i would get out of the tabs i wouldn't be doing it

partypooper 23rd July 2008 01:56 PM

Thorns, well as I understand it Super price guarantees a better price than AT LEAST two of the big 3, so if you're getting BEST OF 3 (i.e. Sportsbet) you have to be in front don't you? (careful with those wordings that's where they trick you)

eg. 3 place divies $1.20, 1.30, 1.80, with Sportsbet you would be paid $1.80, with superprice you could be paid $1.31c, and still be within their guarantee.

Dolus 26th July 2008 11:44 PM

JFC wrote
Quote:
f you use Betfair SP without a limit then you can expect to get fleeced.

If you use Betfair SP with a limit then you can expect to get fleeced. But not as much.

BSPs have been matched @~1.01.

So all a fleecer has to do is offer lays much lower than true odds.

On occasions those will be matched by the Betfair SP algorithm.

Particularly for large SP bets.


I think you are confusing Betfair SP with betting in running where people will offer 1.01 for a horse that looks to be the certain winner and as much as 1000 for a horse that looks like a certain loser.

Like Bookmakers SP, Betfair SP is based on the prices generally available just before the off.

Steve M 27th July 2008 10:21 AM

Dealing with place betting is particularly tricky. Had a similar query to PP regarding place bets.

Created an account with Dynamic RaceOdds on a trial basis and was looking at the place markets yesterday.

Looking at the results from yesterday on the price at the jump - Betfair V Sportsbet it's probably a 60/40 win to Betfair as to who has the best prices for the place.

Not forgetting the fact you may have received even better odds during betting.

BUT the one issue is the relatively small pools. If you look at pools for R2 MV.
Victab is holding 206.5k while Betfair is 19.4 so it certainly wouldn't take much to struggle to get a bet on. Especially if you weren't betting on a metro meet on a Saturday.

Centrebet also looks to offer fixed odds place betting on Sat metro markets [at least].

jfc 27th July 2008 10:36 AM

Quote:
Originally Posted by Dolus
JFC wrote


I think you are confusing Betfair SP with betting in running where people will offer 1.01 for a horse that looks to be the certain winner and as much as 1000 for a horse that looks like a certain loser.

Like Bookmakers SP, Betfair SP is based on the prices generally available just before the off.



No confusion.

I believe I've had some of those low matches myself.

The Far BSP can in theory be very bad value.

So if it is then matched against a sparse unmatched bets queue, the final BSP can also be very bad value.

partypooper 27th July 2008 11:21 AM

Whilst I admit that I don't really know the go at Betfair, (I,ve looked at the site but find it very confusing) but from what I pick up from you blokes it would take a LOT of time and concentration to gain much advantange after comissions etc. but for me there is one KILLER,........ and that is 1&1/2 % charge for a deposit...... no way. remembering that I am mainly a place bettor.

Mark 27th July 2008 11:37 AM

PP, who charges you to make a deposit?, certainly not BF.


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