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Old 29th June 2008, 01:17   #5 (permalink)
HARIBO
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Join Date: Nov 2006
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Default Re: Operating on Betfair Markets w/o Delays/Suspensions

Alright. But as I wrote in my first message, I believe many of these people were using delayed TV feeds (to my knowledge, all publicly available Euro 2008 TV feeds are delayed by at least one second). I think so because many were not able to cancel their unmatched bets fast enough to avoid being matched by someone with access to real-time or close-to-real-time information. I have seen this happening to people offering (at least) four-digit liabilities.

If someone lays at two-digit odds with liabilities within the four-digit range and above, only to wait for some overreactions, I would have thought he had to be able to cancel his bets in time to be profitable in the long run. On the other hand, I don't have any numbers on how profitable it actually is to feed a volatile market in case of an overreaction. It might be possible to make profits despite being ripped off by those inside the stadium or the surrounding area, I just find it hard to believe.

If there is somebody who was, or still is, operating on unprotected markets during matches -- I would love to read your thoughts on this subject.
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