Scripophilist
- 27 Oct 2004 23:40

How would you like to trade a market where you get large regular price swings every 10 minutes in the afternoon, seven days a week. A
market where all prices are set purely by supply and demand, few transaction costs, no middle men and you only pay commission if you win? Where you can freely act as a market maker and where you have direct market access and where you can create a spread for others to take?
Betfair has revolutionised the betting market and created an open platform for exchanging risk on sports events. This market is now viewed much more like a traditional financial risk market than an old fashioned betting market. Smart users have realised that there are huge opportunities on Betfair because they can buy and sell risk in much the same way they would in a normal financial market but without the burden of cost or the restricted access that is usually associated with traditional financial markets.
Click here to learn more
Harlosh
- 30 Jan 2006 00:18
- 8351 of 10502
Yep, good night Steve.
Fundamentalist
- 30 Jan 2006 00:20
- 8352 of 10502
Night John
will talk on the swing trading thread in the morning - are we gonna try and sort a day out this week to get together - pref weds or thurs for me
Harlosh
- 30 Jan 2006 00:22
- 8353 of 10502
Yes, I'll try and set it up for one of those days.
WOODIE
- 30 Jan 2006 18:14
- 8354 of 10502
i might be going mad as is has been a long day can someone look at the reply from betfair i received earlier Dear Michael
Thank you for your e-mail.
The dead heat rules are worked out based on the number of people tied
divided by the positions available.
In this case there were 4 tied for 4th which as the market was for
top 5 means 2 positions covered. 2 positions / 4 players is worked
out the same as a dead heat between 2 players.
If for example there were 5 players it would have been worked out on
2/5.
In golf the next best placed finishers would have been classed as
officially finishing 8th and therefore not in the top 5.
i feel this is incorrect and not the same as high street bookies the event was the golf 5 places market in the buick there were 4 tied for 4th place.HELP PLEASE
Fundamentalist
- 30 Jan 2006 18:49
- 8355 of 10502
Woodie
Personally think the above is correct and that should have been paid out a place on half your stake on anyone who finished on -9 (Kaye, Rollins, Glover or Mickelson). the rules basically mean that Woods, Green and Olly filled the first 3 of the 5 available places and the remaining 2 places were filled by the 4 ties players.
What are you expecting - to be paid at 5/7 as 7 players filled the 5 positions? if so this is incorrect imo
From betfair rules (go to help and do a search on deat heat)
What happens if there is a dead heat?
A dead heat is calculated by dividing the stake proportionally between the number of winners in the event. So, in a two-way dead heat (2 winners) for example, your return will be half of what it could have been. This can be referred to as half-face value of the bet, or a bet for half the original stake.
For example:
Initial bet = 30 @ 11 (1 expected winner - 2 dead heat for first)
Half-face value of ticket: 30 @ 11 divided by 2 = 165
or
Half-stake: 15 @ 11 winning bet = 165
The profit of the bet equals the total return minus total stake: 165 - 30.00 = 135
When there are multiple payouts, this can get quite confusing.
In a golf tournament, Tiger Woods wins, Vijay Singh finishes second, Phil Mickelson third, but five players tie for fourth. This creates a multiple dead-heat for fourth and fifth place.
So in this case, if you backed Luke Donald for 5 at 10.0 for a Top 5 finish and he finished in the tied group of players, you would receive
Stake x Odds x No. of Payouts / No. of Tied runners = 5 x 10.0 x 2 / 5 = 20
WOODIE
- 30 Jan 2006 19:02
- 8356 of 10502
fundy thanks for in depth answer with a high street bookie they would take 4 out of the 7 that would leave 3 then divide your stake by 3 then settle it for all 4 that finished tied.what they done have appears incorrect the bet i had was lucas glover 100 pound backed at 3.00 what they have credited is 100 pound.
Fundamentalist
- 30 Jan 2006 19:14
- 8357 of 10502
woodie - why take 4 out of the 7 not 3 out of the 7 ? that doesnt make sense to me - that would mean they are settling as if one of the 4 tied players had finished 4th on his own
i think your bet should be settled as follows:
2 halfs of 50 each
50 lose
50 at 3.0 = 150
Total = 150-50 = 100
WOODIE
- 30 Jan 2006 19:27
- 8358 of 10502
the reason for taking out 4 of the 7 is because the the issue is with the last place 5th position ie 7 finished in the first four take away 4 places that leaves a total of 3 for the last place therefore stake divided by 3.
schiff
- 31 Jan 2006 09:03
- 8359 of 10502
There's a sad side to this racing game. I backed Toon Trooper yesterday, well clear two out, fell and was killed.
Later on I backed Phar Out Favourite, well in contention three out but probably wouldn't have won, fell and was killed.
Though thinking I was probably in a jinxy day, I backed Umbrella Man a bit later.
Had an attack of Here we go again! when it went comfortably clear in the straight but it survived (and so did I), it won well and all finished OK.
But sad nevertheless.
Fundamentalist
- 31 Jan 2006 09:09
- 8360 of 10502
Schiff
yesterdays racing was at two of the worst NH tracks for this. The fences at Southwell are too upright, which leads to the type of somersault falls that were seen yesterday and often prove fatal. As for Ludlow, having run 3 times in 3 weeks the ground is destroyed and there are potholes all over the course (they dont employ treaders either!). Both of the serious falls there yesterday were as a result of Horses losing their footing.
I have to admit i turned off yesterday as I dont enjoy watching jump racing at either track
The one dayer been good to trade so far, now heavily green on SA and not planning to change it (got to go out at 10am but will leave my stop in the system though dont expect it to be needed)
bakko
- 31 Jan 2006 11:52
- 8361 of 10502
On the SA v SL cricket here as well.
Had a stroke of luck when jumping on SA before setting off for work at 1.67 when SL were 5 wickets down. The subsequent over 2 more wickets fell!
SA are cruising along and my green is sitting very pretty at the moment.
Fundamentalist
- 31 Jan 2006 11:55
- 8362 of 10502
Nice one bak - you got on earlier than me (the alarm didnt work this am lol) - am on with a nice lump at 1.4 so nice and happy :-)
Harlosh
- 31 Jan 2006 12:03
- 8363 of 10502
Anyone come across a live score for the Zagreb tennis?
Fundamentalist
- 31 Jan 2006 12:05
- 8364 of 10502
bakko
- 31 Jan 2006 12:07
- 8365 of 10502
Try this as well
http://www.zagrebindoors.com/indoors.htm
click onto results and then to live scores
Harlosh
- 31 Jan 2006 12:08
- 8366 of 10502
Thanks chaps.
Fundamentalist
- 31 Jan 2006 12:09
- 8367 of 10502
liquidity looks very thin john
Harlosh
- 31 Jan 2006 12:13
- 8368 of 10502
Managed to get a couple of hundred on Steve - and just in time for Ferrer to break serve. :-)
Fundamentalist
- 31 Jan 2006 12:28
- 8369 of 10502
nice one john good work
thursday good for me - mid morning start?
sctn in danger of failing its breakout and hwy appears to have failed :-(
Harlosh
- 31 Jan 2006 12:57
- 8370 of 10502
See you thursday then.
On the basis of the rise in the market over the past few days perhaps not unreasonable for a pull back Steve. Will have a look at the charts tonight after market close.
Neither score card for the zagreb any good now. Just trading from what I can see of the odds.