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Old 23rd April 2015, 08:15 AM
Rinconpaul Rinconpaul is offline
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Join Date: Feb 2013
Posts: 755
Question The Bot Future?

Recently reading about trading the stock markets. In Europe, it is estimated that between a third and a half of all share trading, and more than two-thirds in the USA, are performed by high frequency trading bots!

These bots can adapt and learn with little human input. Trouble is, the way I see it, is the neurals and algorithms that power these babies are trying to predict and outsmart human behaviour BUT if humans are being replaced by bots, then in the end the bots will be looking at themselves in the mirror and waiting for the first one to move. This has and still can cause horrific consequences to economies, which affects humankind. Will a time come when governments ban them altogether?

Similarly the proliferation of bots in the Racing industry is already having an impact, especially in the UK. The dynamics of how Betfair, the number one betting exchange, operates is irrevocably impacted. It's virtually bots all with the same likeminded triggers, facing off each other, on the first few faves. Traders are now moving to Betdaq, hoping for greener pastures, but how long will that last? A time might (if not already) come, where bots are considered a menace in Racing too?
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