FAQFAQ  SearchSearch  MemberlistMemberlist  ProfileProfile  Log in to check your private messagesLog in to check your private messages 
New to Betfair is this common
Goto page 1, 2  Next
Post new topic   Reply to topic    Hendon Mob Forum Index -> Sports and Betting
View previous topic :: View next topic  
Author Message
rvabdn
One Pair


Joined: 12 Oct 2011
Posts: 43
PostPosted: Tue Jul 03, 2012 10:52 am
Post subject: New to Betfair is this common		 Add User to Ignore List Reply with quote
I was checking the betfair odds on the one drop this morning and I see that Ivey is still being offered at 1000:1 even though he's been out of the tournament for more than 12 hrs. Are these markets not moderated?
Back to top
View user's profile Send private message
the shiver
Full House


Joined: 02 Nov 2006
Posts: 1326
PostPosted: Tue Jul 03, 2012 2:20 pm
Post subject: Re: New to Betfair is this common		 Add User to Ignore List Reply with quote
The max odds you will see in any event on there is generally 1000/1 which basically means that the selection can no longer win. If a horse falls he will still be on offer at 1000/1 because like life there is always one sucker out there who will take a bet. Depends what you mean by moderated. Betfair wont remove a selection until the event is over because the event may change the rules as in Ivey maybe able to rebuy or something silly like that
_________________
never chop wood in a rubber dinghy
Back to top
View user's profile Send private message Send e-mail
*Yes*
Straight


Joined: 16 Nov 2009
Posts: 272
PostPosted: Wed Jul 04, 2012 3:38 am
Post subject: Re: New to Betfair is this common		 Add User to Ignore List Reply with quote
the shiver wrote:
The max odds you will see in any event on there is generally 1000/1 which basically means that the selection can no longer win. If a horse falls he will still be on offer at 1000/1 because like life there is always one sucker out there who will take a bet. Depends what you mean by moderated. Betfair wont remove a selection until the event is over because the event may change the rules as in Ivey maybe able to rebuy or something silly like that


So are you saying that in a drunken state, if i chuck £100 on him and he's out I lose it?

As far as I know any "bookie" ( i put that in brackets as Betfair use to say they werent) the bet wouldnt be there, or if it is the money is safe.
Back to top
View user's profile Send private message
mddgfc
Quads


Joined: 05 Jul 2006
Posts: 2456
Location: belfast
PostPosted: Wed Jul 04, 2012 9:00 am
Post subject: Re: New to Betfair is this common		 Add User to Ignore List Reply with quote
yes you lose it
Back to top
View user's profile Send private message MSN Messenger
*Yes*
Straight


Joined: 16 Nov 2009
Posts: 272
PostPosted: Fri Jul 06, 2012 4:17 pm
Post subject: Re: New to Betfair is this common		 Add User to Ignore List Reply with quote
mddgfc wrote:
yes you lose it


Gotta love betfair...
Back to top
View user's profile Send private message
Alex B
Straight Flush


Joined: 25 Apr 2005
Posts: 2780
Location: London
PostPosted: Sat Jul 07, 2012 2:45 pm
Post subject: Re: New to Betfair is this common		 Add User to Ignore List Reply with quote
This is no fault of Betfair.

Caveat Emptor - bet on what you like at what odds you like IMO, I can't really believe gamblers want a company to be their nanny, when they are backing because of an opinion that their knowledge is superior.
_________________
http://www.alexbowler.com
Back to top
View user's profile Send private message Visit poster's website
*Yes*
Straight


Joined: 16 Nov 2009
Posts: 272
PostPosted: Sun Jul 08, 2012 6:01 pm
Post subject: Re: New to Betfair is this common		 Add User to Ignore List Reply with quote
Alex B wrote:
This is no fault of Betfair.

Caveat Emptor - bet on what you like at what odds you like IMO, I can't really believe gamblers want a company to be their nanny, when they are backing because of an opinion that their knowledge is superior.


What complete rubbish.
Back to top
View user's profile Send private message
WBPP
Flush


Joined: 02 Dec 2011
Posts: 531
PostPosted: Sun Jul 08, 2012 10:10 pm
Post subject: Re: New to Betfair is this common		 Add User to Ignore List Reply with quote
*Yes* wrote:
Alex B wrote:
This is no fault of Betfair.

Caveat Emptor - bet on what you like at what odds you like IMO, I can't really believe gamblers want a company to be their nanny, when they are backing because of an opinion that their knowledge is superior.


What complete rubbish.


+1
_________________
Nobody likes Grasses
Back to top
View user's profile Send private message
7pounds
One Pair


Joined: 11 Jul 2012
Posts: 21
PostPosted: Sat Jul 14, 2012 3:23 am
Post subject: Re: New to Betfair is this common		 Add User to Ignore List Reply with quote
betfair is so bad, use pinacle or bet365 for betting much better
Back to top
View user's profile Send private message
SirDan
Trips


Joined: 25 Jun 2010
Posts: 121
PostPosted: Mon Jul 16, 2012 3:37 pm
Post subject: Re: New to Betfair is this common		 Add User to Ignore List Reply with quote
7pounds wrote:
betfair is so bad, use pinacle or bet365 for betting much better

Really ?!?! I don't agree here, do Bet365 allow you to back and lay now then ??? This is the same Bet365 that would only take a bet from me of a whopping £21.40 on a 7/2 shot in a boxing match the other week, now that's a proper bookie !! Not the first time its happened with them either (and no im not a big winner on my Bet365 a/c) At least with Betfair I can see the liquidity in the market.
As for the 1000/1 shot on Betfair, it's a betting exchange. If I offer 1000/1 for something to occur and you're happy to place a bet at those odds then where's the problem ?
And if someone is drunk while doing so then more fool them.
Not too much difference between that and playing online poker with someone who we are unaware is drunk and wanting them to stack off to us on the flop with top pair IMO.
Doesn't mean the poker site should step in and say hold on mate you had no chance of winning there, what you doing ? Have your money back.
There would be a perfectly good reason Phil Ivey was 1000/1 to win a poker tournament.
You can only fool a fool !
Back to top
View user's profile Send private message
Seb
Full House


Joined: 29 Dec 2011
Posts: 829
PostPosted: Mon Jul 16, 2012 4:56 pm
Post subject: Re: New to Betfair is this common		 Add User to Ignore List Reply with quote
*Yes* wrote:
Alex B wrote:
This is no fault of Betfair.

Caveat Emptor - bet on what you like at what odds you like IMO, I can't really believe gamblers want a company to be their nanny, when they are backing because of an opinion that their knowledge is superior.


What complete rubbish.


Betfair is just a middleman. Where do you draw the line for how much protection you want? Bearing in mind the the entire game is about exploiting other people's mistakes.
Back to top
View user's profile Send private message
Checkov
Royal Flush


Joined: 13 Sep 2003
Posts: 10100
PostPosted: Mon Jul 16, 2012 5:00 pm
Post subject: Re: New to Betfair is this common		 Add User to Ignore List Reply with quote
Once it's physically impossible for someone to win? The casual numpty is likely to take their business elsewhere if they find out a site has allowed them to make a bet they can't win.
Back to top
View user's profile Send private message
SirDan
Trips


Joined: 25 Jun 2010
Posts: 121
PostPosted: Mon Jul 16, 2012 6:55 pm
Post subject: Re: New to Betfair is this common		 Add User to Ignore List Reply with quote
Checkov wrote:
Once it's physically impossible for someone to win? The casual numpty is likely to take their business elsewhere if they find out a site has allowed them to make a bet they can't win.

I think the odds of 1000/1 for Phil Ivey to win a poker tournament suggest it's highly likely he's already eliminated and bar a extraordinary sequence of events like all the players remaining get disqualified for collusion/cheating or something he ain't going to win.
However to put these odds into perspective, you can get the same odds (1000/1) at a well known High street Bookmaker for a man to land on Pluto by midnight next Sunday !!!! Now if that is not a bet that cannot win then I don't know what is !
Back to top
View user's profile Send private message
maxwell675
Full House


Joined: 16 Nov 2008
Posts: 956
Location: Devon
PostPosted: Mon Jul 16, 2012 7:10 pm
Post subject: Re: New to Betfair is this common		 Add User to Ignore List Reply with quote
When a act gets eliminated from the xfactor they go to 1000 on betfair, but last year an act got back in and was trading at about 5 iirc.

So impossible isn't always well.............. impossible, but often 1000 are just poor odds in most of these cases.
_________________
http://twitter.com/#!/Maxwell6675
Back to top
View user's profile Send private message
*Yes*
Straight


Joined: 16 Nov 2009
Posts: 272
PostPosted: Tue Jul 17, 2012 3:31 pm
Post subject: Re: New to Betfair is this common		 Add User to Ignore List Reply with quote
Seb wrote:
*Yes* wrote:
Alex B wrote:
This is no fault of Betfair.

Caveat Emptor - bet on what you like at what odds you like IMO, I can't really believe gamblers want a company to be their nanny, when they are backing because of an opinion that their knowledge is superior.


What complete rubbish.


Betfair is just a middleman. Where do you draw the line for how much protection you want? Bearing in mind the the entire game is about exploiting other people's mistakes.


It's a bookie now as well.

I assumed the OP was talking about the betfair odds not some random persons odds.
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Hendon Mob Forum Index -> Sports and Betting All times are GMT + 1 Hour
Goto page 1, 2  Next
Page 1 of 2

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


THM Sponsorship


Get sponsored by the Mob

THM Sponsorship