Near and Far
 

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.

Those were the days.

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

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 :p

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 :D

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. :D

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

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.

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.

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.