I used to work on those products, way back in 2008 or so. Let me save you some time: you won't get any action at good odds. Or, if you do, it'll be a tiny amount.
Betfair run their own bots on those markets AND they get their bets into the market BEFORE the market opens to the public. Good luck anyway!
And they will cannibalize your profits, up to 60%, if you start to make significant money. And they can kick you out anytime they want. It's all in the terms and conditions.
IMO the premium charge is much better than commission as a pricing model. It's less predictable day to day but long term it better aligns incentives between the winning customers and the exchange. They don't really kick people off unless they're exploiting bugs in the exchange or engaged in illegal activity. They certainly won't ban you for winning on the exchange.
Thanks for the heads up. It's good to get confirmation that that actually happens. I'd be surprised if it didn't. I'm not too far from implementing my final idea to get profitable bets in. If that (probably as you say) fails, then it was a fun learning experience.
I used to work on those products, way back in 2008 or so. Let me save you some time: you won't get any action at good odds. Or, if you do, it'll be a tiny amount.
Betfair run their own bots on those markets AND they get their bets into the market BEFORE the market opens to the public. Good luck anyway!