Simply cannot get set for decent amounts on anything other than the first two firmers in the market. I've abandoned the rest of the day in disgust.
Now most of my betting has (by necessity) to be on UK and Ire.
Grandpa nap and then up for some decent markets.

Premium Charges suck!

I just finished typing another email to Tim Manson. 2 days ago I queried my statement and the premium charge. I was specific in all details. Never got a reply, so chased him up again. All he sends back is the Premium Charges rules transcript. His answer is just a cut & paste. So I've had to fire back again!

The trouble with their rules fineprint is it's just that, toooo fine! Just on that, I note their rules are all based on the mother currency pounds. Now I'm no corporate lawyer, but I would have thought it illegal for an Australian registered company to use a foreign currency in it's terminology? How does an Australian consumer relate to it, in terms of understanding it's value....."They mislead me your honour, as I equated pounds to meaning dollars??"

I've found account managers to be very good, but when they forward something to another department for investigation, all you get are cut and paste responses. Very frustrating when that response does not even cover your query.

Liquidity was dismal today, have to wait for Metro meetings only I think.
Problem is, I'm out working during Wednesdays and Saturdays with the neddies :(

You try and Lay $500L for a Place on a horse priced to Back for the Win at $48, and the Place SP is $835! It's a joke.

Looks like you are correct Chrome.. the system is 'broken', chaps. Are there no profitable hotspots left to pick amongst here?

LG

There's plenty of angles LG, but can you get set?
Liquidity is dust....crickets. :(
It's like the harness markets used to be a few years ago, only much worse.
Time for a pint and pickle before GB races to make a nickle.
Aye up ;)

I don't get the liquiditry problem. I can thousands on any of these runners :

This is Doomben R 7.

TotalMarketPercentage=0.9817202046992963

2. OFFSHORE ECHO = 34.0 / 32.0
3. BELTONIC = 14.5 / 14.0
4. FINAL JEST = 4.7 / 4.6
5. PURE COURAGE = 20.0 / 19.0
6. TOPKAPI = 12.0 / 11.5
7. VAN ROSSUM = 44.0 / 40.0
8. SOAKED = 12.5 / 12.0
9. TADDEI TONDO = 6.6 / 6.4
10. SPACE = 16.0 / 14.5
11. BEFITTING = 32.0 / 30.0
12. BERNIE OF BABYLON = 18.0 / 17.0
14. GRAND ORATOR = 40.0 / 38.0
15. MIGHTIEST = 9.2 / 9.0

Agree UselessBettor.

the whinging around here lately is a real putoff.

Only those that don't pay it have no reason to "whinge".

Agreed there are some metro races where the liquidity is reasonable, but most others it's almost ridiculous.
Two minutes to go at Geelong and if you want a decent bet, you're restricted to first and second favourites. Anything else is a waste of time.
Unless I bet in $5 lots, there's just no hope of getting matched.

I also think there a message here that some might have overlooked.
Yeah, I had a whinge, and I believe rightly so, but even if you overlook that aspect, there's a moral here.....

Whatever a system, approach, arb, method or ratings you have researched and come up with some figures, the real world question is - can you get matched.
And can you get matched at the odds required or is your money like a tumbleweed?

Overall I have no issue with getting matched when arbing. Haven't seen any arbs today though.. pretty weird.

not doubting anything said before but my experience is that to be set for $200 at odds of about $8 to $15 is near impossible most days, that's for backing.

Saturday mets is slightly different but not much.

Hows about around the $50-100 range, blackdog. A near certainty most days?

LG

qué?

Blackdog, you said that to get set at 200 quid backing is near impossible at 8s to 15s, at what range are you likely to get on most of the time with this odds range?

<$200
$100 - 200
$50 - 100 etc

LG

I think what we have here is a failure to communicate, and I'm certain it's entirely my fault having a poor command of the English language.

I bet in the range of $6 to $25 and my usual bet would be $200.

Early on when BF started, it was hardly a problem to get matched.

Only the last couple of years or so that I encountered this problem, so much so that I mostly give BF the flick, to wait for a match fighting bots you might miss placing a bet on other mediums.

All understood. Thank you for elaborating.

Cheers LG

I looked at a trots meet where I had a bet. The Around figures are the liquidity.

1. BOLD AND FAMOUS = 7.6 / 7.2 Around $80 / $150
2. STARZZZ ON PARADE = 540.0 / 95.0 Around $80 / $120
3. BACMANTURNER = 26.0 / 16.5 Around $70 / $50
4. LUCK PLEASE = 17.0 / 14.5 Around $70 / $60
5. THE PLAINSMAN = 17.0 / 16.0 Around $40 / $50
6. SUNSHINE FILLY = 7.0 / 5.8 Around $50 / $50
7. DREAMTIME SARA = 1.91 / 1.88 Around $500 / $400

Its not a great market. Its on late and not many people in the pool.

For the backers it really sucks . But for the layers there is more then enough liquidity.

If I want to lay $200 liability I can do it on any of those horses easily. Its really only a backers $10 on some of them.

So I see what you mean but most of my systems are laying systems and thus I see lots of liquidity for my liability amounts.

I think it demonstrates a few things.
For backers, it sucks and actually this is one of the better markets, some of the country races are far worse than this, so there must be a bit of interest in this race.

Look at the spread for anything bar Bold and Famous and Dreamtime Sara, it's almost impossible to get any value.

From a lay aspect:
2. STARZZZ ON PARADE Betfair: 540.0 Fixed: 51.00
3. BACMANTURNER Betfair: 26.0 Fixed: 13.00
4. LUCK PLEASE Betfair: 17.0 Fixed: 11.00
5. THE PLAINSMAN Betfair: 17.0 Fixed: 10.00
6. SUNSHINE FILLY Betfair: 7.0 Fixed: 4.60

Anyone can see at a glance that it's impossible to lay any of these horses, and make money at these odds plus commission.
The point is that the spread in the market is just too great due to the lack of liquidity.

It's not all doom and gloom there are still many aspects of the exchange that are well worthwhile, just a dismay at how the Premium Charges have caused so much damage to liquidity.

I agree the premium charge has had an effect but I made money on the race. And I'll continue making money on these races as long as there are a few punters around.

At least the soccer still has large sums of cash on them and if I need to I can move to that sport more heavily :)

It was a weird day. Every morning one of my routines is to look at every race from yesterday and look at the "spread" of fluctuations for every horse. By 'spread', I mean the space between Open fluc and final Fixed price. Students of my methods know, that there is a lot of information revealed in the DNA of fluctuations. Yesterday was unusual in that the spreads across the board were very tight both horizontally (Open to Fixed) and vertically (Open prices of 1st 5 or 6 favourites). Not sure why it occurs, but my guess is that the bookies are unsure on the winning prospects of the first half dozen horses and are keeping the prices tight in all directions, hence why there wasn't too many Arb opportunities.

What do you do on days like that? If I was a Backer, I'd be looking at the exotics, boxing those clusters for a trifecta. As a Layer, Laying the 2nd group of tailenders. From the screenshot below, this was a pretty common scenario yesterday.

Astonishing!!!


Dear XXX,

At Betfair you always get the best possible products and services. To ensure you continue to get a premium experience, we are increasing the base commission rate on Betfair Exchange markets in your country to 6.5% from January 30th.

You can of course continue to earn significant discounts of up to 60% on this commission rate through the Betfair points system. A full explanation of how your commission is calculated can be found at Betfair Learning.

This rate increase does not apply to any promotional markets with a fixed commission rate.

Thank you for your continued business and good luck with your future betting at Betfair.

Yours sincerely,

Betfair Customer Service


Note this is aside from any levy or premium charge.

Here's a quote from the Betfair forum....

i read betfair on twitter yesterday, when asked about how this might affect liquidity, they tweeted that do not expect the increases to affect liquidity.

:eek:

Its not in the UK. Its the same as when AUS went up. Its just some smaller countries.


Mind you in 6 months the UK will go to 6.5% too.

It would appear broke, gentlemen. Someone's boat got floated but it wasn't the client's. If it is increasingly non profitable to do your business on the lay side and there is a further 6m stretch of leaks and creaks in the timbers to come, why not short the ship?

Might be a whole lot more pleasurable.

LG

The ultimate lay bet!