Betfair - removal of IP delay in horse races

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Betfair - removal of IP delay in horse races

Postby adenlark » Wed Feb 14, 2018 10:21 am

Interesting...
We’d like to enhance our offering further by removing the in-running bet delay, which is currently set to 1 second.


http://community.betfair.com/horse_raci ... -bet-delay

It wasn't lost on some people that Betfair are probably doing this for their benefit, rather than ours:
We believe this would allow bets to be matched quicker and more frequently, whilst also improving the success rate of Cash Out and our new Auto Cash Out functionality.


I rarely bet In-Play because some of the opportunities I see disappear before the 1 second delay has passed. No delay could make things a bit more interesting.
Wealth can neither be created nor destroyed. It is simply transferred from one illusion to another. - some guy on the internet
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Re: Betfair - removal of IP delay in horse races

Postby Gavin » Thu Feb 15, 2018 11:47 pm

Interesting. I hadn't heard that proposal until you mentioned it.

I'm not sure what difference it will make for algo-traders.

Presumably it might make some race-goers more profitable.

Thanks for the info,

Gavin
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Re: Betfair - removal of IP delay in horse races

Postby Angelo » Tue Feb 27, 2018 4:41 pm

@ adenlark
Thanks for the information. I definitely agree with your comment "....opportunities I see disappear before the 1 second delay has passed. No delay could make things a bit more interesting....."

@ Gavin
As per this development the proposal at topic1530.html#p6949 would be unnecessary when this is implemented by Betfair.....
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Re: Betfair - removal of IP delay in horse races

Postby Gavin » Tue Feb 27, 2018 5:58 pm

Thanks Angelo, actually the in-play has already been simulated for bets in demo mode. It is just the persistence type of demo bets (cancel, keep, take-sp) in the moment when the race goes in-play that have yet to be implemented.
Kind regards,
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Re: Betfair - removal of IP delay in horse races

Postby Angelo » Wed Feb 28, 2018 4:49 am

It is surprising to know that the in-play delay has already been simulated for bets in demo mode. It never made a difference to me in the past month or so while in demo mode - probably such trading occasion would not have arisen.

Anyway, it would make sense if the change is reverted once it is confirmed that Betfair has made the change.

Thanks.
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Re: Betfair - removal of IP delay in horse races

Postby Gavin » Wed Feb 28, 2018 2:24 pm

Hi Angelo,

The software will automatically adjust without needing a new version. The software knows which markets have an in-play delay because it gets that information from Betfair for each individual market that it accesses.

Kind regards,

Gavin
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Re: Betfair - removal of IP delay in horse races

Postby Angelo » Wed Feb 28, 2018 4:05 pm

OK, Thanks, Gavin, for the explanation.
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