Is anybody doing anything imaginative with the Betfair SP Near and Far prices?

Sometime in the past I'd used these as in-running trading points but I haven't had a look at this of late.

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Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

Those were the days.

http://www.propun.com.au/racing_for...ead.php?t=16985

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Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

I find it cute how you and Chrome got excited over the prospect of SP & In-play in Aus markets, expecting UK style liquidity I suppose

Raven, for a few weeks there it was like a money tree. May be worth having another look at and refining.

SP on Aus races was *VERY* exciting. I still get tingles thinking about it

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Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

Haha. I just tried that near/far price thing on Ipswich race 5 and the horse won me $26 backing it at $8.8 and laying it at 4.5 in running for $5 each.

I really should have hedged it at the 4.5 but a good first up result.

__________________
Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.”

― Earl Nightingale

I'm like the late Big Kev - still excited.
SP has been the only product I use since.
It's also the only product that I can bot and earns me profit every month.

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4 out of 4 races backed before start and layed in running at the FAR price. Not bad for me (only minimum $5 stakes though).

A bit early yet and probably was one of those things but I might try it out early on in tomorrows racing instead of trading to see what happens for the first half hour or hour.

__________________
Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.”

― Earl Nightingale

No complaints from me. My SP lays this year are showing a profit of around 30% so far. It seems to me that some of the value is gone (especially at the fave end).

Second King BFSP $1.49. Top fluc would have been a lot more than that surely.

This Near and Far betting is something I haven't seen before, how do you choose which horse to back and lay? Do you choose the favourite or all horses?

Mattio

I'd set the market refresh on your bot to a second or shorter and watch quite a few races before you had much of a go. That will give you a feel for the horses that are best.

Don't do this in markets with low liquidity. In fact these days I don't do market based selections on any races unless there has been at least $30,000 traded on the market. It's one of the Pixie Axioms.

Also don't assume the in-running market has any correlation with the pre-race market. That's a big mistake. They are two completely different markets.

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Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash