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#1
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Lay the Fav or Back the Field
I have a question for those more Betfair savvy among us, assuming I have a method whereby I can identify opportunities where the favourite is vulnerable, is it more profitable to lay the fav or dutch back the rest of the field? I will be looking at setting up bets to happen as close to start time as possible where the markets are very close to 100%.
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#2
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Due to the turnover tax laying is better. Just google betfair turnover tax and you will see why. |
#3
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__________________
Dear Lord Please let me break even. I need the money. |
#4
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Thanks for the feedback guys.
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#5
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The other question I have is can I run more than one bot on the same account or will that attract excess data fees?
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#6
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I think it may depend on how many calls (or whatever the term is) the bot makes to the free betfair api. If you set your bots up so that they don't make too many calls then it may be okay however that means the bet placement could be delayed and you miss out on your price. It could also depend if you will be betting under their minimum as then it is making heaps of calls just to place that one bet. (Also BF could ban you for this).
With the bot I use they won't let you have two running at the same time on the one account as I believe that may cause the bots to play up. I got around this by my wife opening an account. Also with backing instead of laying you have to pay the turnover charge, on the markets that still have that, for each and every back bet.
__________________
Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.” ― Earl Nightingale |
#7
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Quote:
__________________
Dear Lord Please let me break even. I need the money. |
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