Author Topic: Small Bets  (Read 3819 times)

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Small Bets
« on: 26 Nov 2015, 14:16 »
Hello!

I have a "slow burning" trigger which is making me about 1% a day betting on horses and greyhounds... Bets are very small amounts... less than 10p often.

Is this frowned upon still by betfair? Am I going to get my account closed down for small bets?


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Re: Small Bets
« Reply #1 on: 26 Nov 2015, 14:26 »
Hi,

Just woundering  -will you be paying any commision when you place 10p bets?


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Re: Small Bets
« Reply #2 on: 26 Nov 2015, 14:39 »
no i am paying no commision on bets under 10p and about 80% of bets are UNDER 10p

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Re: Small Bets
« Reply #3 on: 26 Nov 2015, 14:48 »
no i am paying no commision on bets under 10p and about 80% of bets are UNDER 10p

I think you have the answer there! If I was the owner of betfair I would prefer that traders most of the time do pay commision, every bet will cost money for betfair. So if a trader 80 % of the time would not be paying any commision I would consider suspending the account.

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Re: Small Bets
« Reply #4 on: 26 Nov 2015, 15:21 »
fair enough... like to know what their official stance on the matter was though!

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Re: Small Bets
« Reply #5 on: 26 Nov 2015, 22:09 »
Hi
It's good you're being careful about this.
T&C C/1/9
http://www.betfair.com/aboutUs/Terms.and.Conditions/
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: Small Bets
« Reply #6 on: 09 Dec 2015, 02:53 »
Good link MarkV!
See below for the cut and paste from their conditions. It is from section 1, part 9

Another question tho, is how exactly does MF place small bets? It may or may not be breaking the below condition.

Minimum and maximum bet stakes

Depending on the product or type of market you are betting on and depending on the currency that you are betting in, there are minimum bet sizes that apply. These minimum bet sizes are subject to change and may differ depending on whether you are on our site or using the Telephone Betting Service. You are not permitted to place bets or try to place bets that are below the minimum bet size threshold and doing so may result in your account being permanently closed.

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Re: Small Bets
« Reply #7 on: 09 Dec 2015, 08:27 »
Good link MarkV!
See below for the cut and paste from their conditions. It is from section 1, part 9

Another question tho, is how exactly does MF place small bets? It may or may not be breaking the below condition.

Minimum and maximum bet stakes

Depending on the product or type of market you are betting on and depending on the currency that you are betting in, there are minimum bet sizes that apply. These minimum bet sizes are subject to change and may differ depending on whether you are on our site or using the Telephone Betting Service. You are not permitted to place bets or try to place bets that are below the minimum bet size threshold and doing so may result in your account being permanently closed.


I can assure you that MF do not place bets using the Telephone Betting Service.

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Re: Small Bets
« Reply #8 on: 09 Dec 2015, 09:10 »

I can assure you that MF do not place bets using the Telephone Betting Service.

lol.. visions of Oxa sat in her office placing every bet that comes in from MF with betfair over the phone.

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Re: Small Bets
« Reply #9 on: 09 Dec 2015, 09:20 »
she gets commission  ;D
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: Small Bets
« Reply #10 on: 09 Dec 2015, 10:45 »
So that's why her phone is always busy when I call!!

 

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