Author Topic: Total Gols Prices Gone  (Read 4945 times)

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Total Gols Prices Gone
« on: 21 Sep 2012, 18:18 »
Hi Can someone tell me why when I bet in the total goals market sometimes close to the end and sometimes in between matches the prices disappear and never come back.

Is there something I need to look for in a market before betting that this may happen and if so what and where do I look for this on MF PRO?

Thanks in advance

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Re: Total Gols Prices Gone
« Reply #1 on: 21 Sep 2012, 19:10 »
Hi
This is quite common in low liquidity markets. There is usually also a large spread between the best back and lay prices. My theory is that the prices are quite likely to be market-maker bots. Towards the end of a game, it is very difficult to hedge or trade out, so they don’t offer prices anymore. You can see this demonstrated very well on prominent bookmaker sites. Some minutes before the end of a game they start to close down markets.

There are a number of things you can do. Here are a few ideas:

Rather than taking the best available price, you could offer a price in the vicinity of last traded price.
You could set a condition to only place a bet if the market’s matched volume is greater than a specified amount.
And you can set a condition to check the number of ticks between back and lay price is reasonable:
g_ticks(back_price, lay_price) is less than x ticks.
Please read the following disclaimer with regards to the information you may request and obtain on our forum. This specifically concerns trigger files and various instructions as to how to implement a strategy.

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Re: Total Gols Prices Gone
« Reply #2 on: 21 Sep 2012, 19:38 »
Hi
This is quite common in low liquidity markets. There is usually also a large spread between the best back and lay prices. My theory is that the prices are quite likely to be market-maker bots. Towards the end of a game, it is very difficult to hedge or trade out, so they don’t offer prices anymore. You can see this demonstrated very well on prominent bookmaker sites. Some minutes before the end of a game they start to close down markets.

There are a number of things you can do. Here are a few ideas:

Rather than taking the best available price, you could offer a price in the vicinity of last traded price.
You could set a condition to only place a bet if the market’s matched volume is greater than a specified amount.
And you can set a condition to check the number of ticks between back and lay price is reasonable:
g_ticks(back_price, lay_price) is less than x ticks.
Thanks MarkV

Good info and I will take this on board. Just like to say how I am working the Total goals.

I am laying each goal as the match progresses starting from 1 goals or more, adding my stake plus losses from the last goal scored to the next lay, so greening up is not my strategy, so I guess this makes it even more difficult for me.

Where do I look for the liquidity in MF and what would you suggest a decent amount of  liquidity is reasonable?

Thanks again for your support

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Re: Total Gols Prices Gone
« Reply #3 on: 21 Sep 2012, 20:09 »
Hi
To answer your last two questions:
Markets matched volume is greater than 5000.00. However, as the game progresses, you will find liquidity getting very much thinner, and then disappear as you have observed.
Have a read of this topic. It is a discussion on the same principle as laying total goals, but in over/under. I think it may be of interest to you.
http://community.welldonesoft.com/triggered-betting-10/over-under-martingale/
Please read the following disclaimer with regards to the information you may request and obtain on our forum. This specifically concerns trigger files and various instructions as to how to implement a strategy.

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Re: Total Gols Prices Gone
« Reply #4 on: 21 Sep 2012, 20:18 »
Hi
To answer your last two questions:
Markets matched volume is greater than 5000.00. However, as the game progresses, you will find liquidity getting very much thinner, and then disappear as you have observed.
Have a read of this topic. It is a discussion on the same principle as laying total goals, but in over/under. I think it may be of interest to you.
http://community.welldonesoft.com/triggered-betting-10/over-under-martingale/


MarkV fanatic info thank you.

 

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