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#1
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Take screenshots of Betfair bet placement
I just placed a $5k liability SP Lay bet on Kilmore 2. The screen showed the bet had been placed, my account was debited $5k at the time of bet. The horse lost and no bet was recorded and liability refunded. If you place a SP Lay liability bet and you receive confirmation that the bet has been accepted, does that NOT mean it's been accepted? They claim the bet lapsed.
Currently have raised a dispute with them but wish I had taken a screenshot of the bet and will do so from now on. Over em!! |
#2
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Read the fine print
Answered my own question. If the dividend assigned to a SP bet is 1.01 or 1000 then the bet will lapse. Considering there was $25k plus in the pool and my dividend payout at 1000 SP is $5, you'd think they'd pay?
No to that one. I would've been better off having a $1k bet. |
#3
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Speaking off screenshots, with Betfair now not showing the Lay, SP price history after a race has been completed of the non place getters, how amongst other details does a Lay bettor find out what the SP and Lay prices were for a race in the instance that they want to dispute a dividend?
In this instance I did have a screenshot of the final prices at the Close, just not the bet. There is something fundamentally wrong with the lack of transparency with this latest upgrade/downgrade!. |
#4
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You have to wait until the evening and then download the prices in csv format from http://www.betfairpromo.com/betfairsp/prices/
This gives all the prices for all runners. Did you set a price cutoff and it was over the price, otherwise I can't think of why it would not have been matched.
__________________
RaceCensus - powerful system testing software. Now with over 399,000 Metropolitan, Provincial and Country races! http://www.propun.com.au/horse_raci...ng_systems.html *RaceCensus now updated to 31/03/2024 Video overview of RaceCensus here: http://www.youtube.com/watch?v=W821YP_b0Pg |
#5
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https://promo.betfair.com/betfairsp/results.html
This also gives all the win and place Sp's for Aussie races, but cuts off late at night for UK prices.
__________________
RaceCensus - powerful system testing software. Now with over 399,000 Metropolitan, Provincial and Country races! http://www.propun.com.au/horse_raci...ng_systems.html *RaceCensus now updated to 31/03/2024 Video overview of RaceCensus here: http://www.youtube.com/watch?v=W821YP_b0Pg |
#6
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Incredibly helpful. Thanks bud.
LG
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The trick isn't finding profitable angles, it's finding ones you will bet through the ups and downs - UB |
#7
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Quote:
Useful info CP, however the above website is only Gallops, no Trots. The other site is dated current day but results show previous day. So if I want to look up the SP prices for Kilmore R2, I'll have to wait till sometime today. Still annoying to say the least, fortunately I've found away around it, not for publication?? I never had a limit on my SP bet but they say it had a SP price of 1000, therefore refer to fine print: "Will there be unmatched SP bets if the money isn’t there? In theory, there could be unmatched SP bets. We don’t actually guarantee a match. But this would only happen if the price is 1.01 or 1000 – the two extremes of our SP. If 1.01 were the final SP, then some backers might be unmatched. If 1000 were the final SP, then some layers will be unmatched. However, we expect this to be very rare" Looks like I'm very rare....lol |
#8
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The future of lay betting with BF
Hi
At last I received a reply to my question to BF regarding lay betting. here it is lol "No, Betfair has no intention of closing lay betting in the near future" I have now questioned will it cease long term .. be the same reply I reckon. I had also asked as to where do I find past results of lay prices. Despite a direct question they directed me to the results page which I understand does not contain lay prices. It did in the past. Maybe the BF rep answering my query doesn't know? I have now asked if Betfair does or doesn't publish lay prices. I bet they are getting sick of me..lol Regards Ted Last edited by tedbluegum : 1st February 2014 at 08:40 AM. |
#9
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how can and why would BF cancel lay betting. they are an exchange of opinions between bettors and layers.
They cancel layers and they cancel their business. |
#10
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Quote:
The trouble with their exchange business is they're only making 5-6.5% on half the turnover as opposed to having a 15% markup on 100% turnover if they just have a Fixed Price Tote. We all know that must be a successful business model as overseas bookies are trying to buy a share of the market. A parallel might be CocaCola Amatil. They make 100's of millions in profit a year and own SPC Ardmona who allegedly lose millions each year. If they closed down, that'd upset a few people(aka Layers), but as a listed company with shareholders their charter is to make a profit at all costs. I guess it's about economy of scale, Australia has a fairly small population of Exchange users compared with the UK, dunno? I hope not. |
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