Total Gols Prices Gone

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

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.

Quote from: MarkV on 21 Sep 2012, 20:10

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.

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

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/

Quote from: MarkV on 21 Sep 2012, 21:09

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/

MarkV fanatic info thank you.

Total Gols Prices Gone

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