{"id":10493,"date":"2015-01-23T11:08:01","date_gmt":"2015-01-23T11:08:01","guid":{"rendered":"http:\/\/www.betangel.com\/blog_wp\/?p=10493"},"modified":"2015-01-31T15:18:04","modified_gmt":"2015-01-31T15:18:04","slug":"courtsiders-year-pitchsiders","status":"publish","type":"post","link":"https:\/\/www.betfairtradingblog.com\/blog_wp\/2015\/01\/23\/courtsiders-year-pitchsiders\/","title":{"rendered":"Not courtsiders this year, but pitchsiders"},"content":{"rendered":"

Last year we had a lot of fuss at the Australian open when a courtsider was arrested and it created a huge amount of publicity. But this year the focus seems to have turned to the Cricket.<\/p>\n

https:\/\/www.theage.com.au\/sport\/cricket\/tech-savvy-pitchsiders-in-game-of-hideandseek-with-anticorruption-officers-20150123-12wnl4.html<\/a><\/p>\n

To put the story into context you should realise that in-play betting is illegal in Australia. This seems odd, but it’s a corruption led thing. You can sort of understand how spot fixing<\/a>\u00a0can cause authorities to jump with alarm at in-play betting. But there is little evidence in well regulated and well managed sports (at a top level) that it has been a major problem.<\/p>\n

But you can see how it could become an issue. If somebody could earn \u00a31m a year sending somebody to relay a feed to them them, if another person comes along and sits next to them, they need to find a new edge. There are plenty of legitimate ways to find an edge, but it may be tempting\u00a0for someone to just go a little bit further and that’s what freaks out authorities. This concept is ingrained in the psyche of the legislative position.<\/p>\n

Of course Betfair could level the playing field completely by increasing the time delay then all in-play sports would come down to skill at reading the underlying event. But I can’t see that happening, there is little incentive to do this.<\/p>\n

The oldest market where in-play clock beaters have been active is racing. The first person to do this on any big scale is reckoned to be on the insider of the industry! Since then, competition has increased significantly and the market has turned\u00a0from a game of seeing things before anybody else, to one of trying to out anticipate the anticipators. Average returns are much smaller than they used to be and edges are no longer ten to a penny. The curious thing is that I’ve been able to write some automation in Bet Angel which allow me to exploit this. The only reason I can do this is that the market over anticipates a lot of the time.<\/p>\n

So like all edges and markets, it tends to sink to the lowest operator and \/ or cost of marginal return. There isn’t particularly strong evidence of corruption on that basis. Bit the prospect is always there and that, along with a hint of protectionism, is what\u00a0scares other territories.<\/p>\n

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Another ‘Pitchsider’ being removed during a cricket match<\/p><\/div>\n

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Tweet<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Last year we had a lot of fuss at the Australian open when a courtsider was arrested and it created a huge amount of publicity. But this year the focus seems to have turned to the Cricket. https:\/\/www.theage.com.au\/sport\/cricket\/tech-savvy-pitchsiders-in-game-of-hideandseek-with-anticorruption-officers-20150123-12wnl4.html To put the story into context you should realise that in-play betting is illegal in Australia. This […]<\/p>\n

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<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1450],"tags":[2085,1963,496,2086],"class_list":["post-10493","post","type-post","status-publish","format-standard","hentry","category-cricket-2","tag-big-bash","tag-courtsider","tag-cricket","tag-pitchsider"],"_links":{"self":[{"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/posts\/10493"}],"collection":[{"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/comments?post=10493"}],"version-history":[{"count":1,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/posts\/10493\/revisions"}],"predecessor-version":[{"id":10494,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/posts\/10493\/revisions\/10494"}],"wp:attachment":[{"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/media?parent=10493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/categories?post=10493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/tags?post=10493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}