Be very careful using this feature.
I've laid a horse today that was trading around the 16-17 mark at the off @ 64.3 and another that was around the 25-26 mark @ 39.0. God knows how the calculation works but it appears that it can be easily manipulated.
Betfair SP
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Betfair SP
by Ian » Sat Jan 26, 2008 6:52 pm
- Ian
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by Ian » Sun Jan 27, 2008 7:41 am
Further anonomly from the Betfair forum. Favourite trading for thousands at around 1.33 - Betfair SP 1.45. Overround on the race 91%.
Never tick the SP In Play button !!
Never tick the SP In Play button !!
- Ian
- Posts: 834
- Joined: Sat Nov 19, 2005 8:35 am
- Location: Birmingham
by pugs » Sun Jan 27, 2008 12:32 pm
Ian those figures you quote are unbelievable, if you were talking about anyone but our beloved Betfair 
On a serious note i hope it didn’t cost you. I did read on the Betfair forum back in December that it would be insane of anyone to back or lay SP without setting parameters.
There was no exact formula posted for how the SP was worked out, just loads of vague opinions that forumites claimed came from Betfair, but the consensus was it could be manipulated and in the most extreme cases could be anything from 1.01 to 1000 on any priced selection. Well i don’t know how or if that could possibly be true but your figures do suggest it can be a very scary lucky bag.
On a personnel note i’m well pi$$ed with the SP. I use the web site and Gruss for my particular trading methods, and since, well let’s just say the site became less than adequate, i haven’t traded a single football match. I know there are fast links to using the old site but it all seems too much effort now plus i have lost confidence in using their web site.
On a serious note i hope it didn’t cost you. I did read on the Betfair forum back in December that it would be insane of anyone to back or lay SP without setting parameters.
There was no exact formula posted for how the SP was worked out, just loads of vague opinions that forumites claimed came from Betfair, but the consensus was it could be manipulated and in the most extreme cases could be anything from 1.01 to 1000 on any priced selection. Well i don’t know how or if that could possibly be true but your figures do suggest it can be a very scary lucky bag.
On a personnel note i’m well pi$$ed with the SP. I use the web site and Gruss for my particular trading methods, and since, well let’s just say the site became less than adequate, i haven’t traded a single football match. I know there are fast links to using the old site but it all seems too much effort now plus i have lost confidence in using their web site.
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pugs - Posts: 469
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by Ian » Sun Jan 27, 2008 1:19 pm
Actual £130 loss, should have been about £40 profit as the lays lost. 
- Ian
- Posts: 834
- Joined: Sat Nov 19, 2005 8:35 am
- Location: Birmingham
- Ian
- Posts: 834
- Joined: Sat Nov 19, 2005 8:35 am
- Location: Birmingham
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