Tag: bot
Grey bot
Messed around in the Greyhound markets yesterday with a surprisingly good results. I don’t know whether it was the weather, other participants or what, but it seemed OK.
Because of the lack of scale I can’t really participate in the greyhound markets much, they are just too small for me. But I wanted to have a play to see what they were like in comparison to the last time I did it. Not much has changed.
Average turnover was between …
£1k account caused £600m Betfair error
Betfair have issued a statement this afternoon outlining the error that caused the exchange to misfire. The full statement is here: –
But here are some bullet points:-
“This bet was placed by one of our UK customers trading the race via our API or Application Programming Interface (bdp.betfair.com/) using an automated program (a “bot”). Their bot had developed a fault causing it to try and place a very large number of bets on the Exchange. These bets were …
Botfair
I read some comments yesterday evening from some ‘traditional’ punters about how they were pleased Betfair’s new charges were going to get rid of the bots. Unfortunately for these posters, the opposite is almost certainly likely to be true. There is some pretty simple logic behind it.
Say you have a winning bot that makes money on a market and you suddenly face higher charges. At this level you would most likely work more aggressively to make more to offset …
Fat fingers crucify punter
I see lots of strange things in the markets but few stranger than what happened just a moment ago at Newbury. While I realise we all, in some way, take money of each other now and again. I feel a great deal of sympathy for what they did, we all screw up from time to time. I can’t imagine how they felt after this error.
The long and short of it is that they backed a 400/1 shot down to …
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