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Old 10-12-2009, 12:14 AM
OldTradesportsTrader OldTradesportsTrader is offline
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Default Algorithm to Subvert the TS 4-Second Delay

The algorithm is pretty simple actually.

Unlike other betting exchanges, a user on TS was allowed to CANCEL a bet DURING the 4-second delay period. This allowed traders to trade with, de facto, no delay at all and take advantage of faster TV/Radio feeds.

On a simple level, anyone can do it; say you'd want to sell 500 contacts at 50 if the next batter is struck out. So, submit an order to sell 500 contracts at 50 right before the pitch, and cancel 3.5 seconds later; but, if the batter strikes out, don't cancel the order.

It gets really cool if you use the API. Take an order that you want to pick off, like the 500 at 50 again. Traders would program the API to send a new order, every 0.5 seconds, to sell 500 at 50; the API would also be programmed to cancel every one of those orders after 3.5 seconds.

Then, you would have a button on your spreadsheet to cancel your cancels. Once the cancel is cancelled, you'll hit the other guy within 0- 0.5 seconds of pressing that button. That's the equivalent of a button that allows you to transact on without experiencing any delay.
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Old 10-12-2009, 12:17 AM
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Todd73NJ Todd73NJ is offline
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Too bad TS has been closed for quite some time now
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