Cymatic Trader Community

[adenlark]

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.

[Gavin]

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

[Angelo]

@ 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.....

[Gavin]

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,
Gavin

[Angelo]

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.

[Gavin]

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

[Angelo]

OK, Thanks, Gavin, for the explanation.