Transaction charges

[Drunkenight]

I am receiving quite a few charges for placing more than 1000 transactions per hour. I want to try and avoid these charges if possible. At the moment, my systems cancel bets and then replace these bets with pretty similar bets. Would it be more efficient to just update the existing bets with new odds and thereby not count as a new transaction or does this count as a new transaction anyway?

Is it possible to update the current bet with new stake levels or would this constitute a new transaction?

Would it be possible to change both the odds and the stake level as an update request, without it counting as a new transaction?

Any help would be greatly appreciated.

[GaryRussell]

Would it be more efficient to just update the existing bets with new odds and thereby not count as a new transaction or does this count as a new transaction anyway?

Unfortunately anything that produces a new bet reference counts as a transaction. Updating the odds produces a new bet reference.

Is it possible to update the current bet with new stake levels or would this constitute a new transaction?

If you reduce the stake it does not produce a new reference and therefore is not counted. If you increased the stake it produces a new bet for the difference which does count as a transaction.

Would it be possible to change both the odds and the stake level as an update request, without it counting as a new transaction?

Betfair do not allow you to change both odds and stake in the same request.

[Drunkenight]

Hi Gary,
Thanks for the quick answer, it saved me a lot of work. I guess the 'UPDATE' trigger is not really going to help me to reduce the number of transactions I am placing.

I will look at other ways to reduce the number of transactions I am producing.

[waynethebrayn]

Gary,

Please could you clarify something for me about this.

If placing bets below minimum stake, is this counted as 3 or 4 transactions?

e.g if laying 20p at odds of 10:

Step 1: Place laybet of £2 @ 1.01
Step 2: Adjust stake to £2.20 @ 1.01 (creates an additional bet)
Step 3: Cancel the £2 bet
Step 4: Update the odds of the 20p bet to 10

I think steps 1, 2 & 3 count as transactions, but not step 4 as the bet reference does not change. Please can you confirm if this is correct?

Thanks in advance for your help.

[GaryRussell]

It's 3 transactions. Only transactions that produce a new bet reference count.