How would you like to trade a market where you get large regular price swings every 10 minutes in the afternoon, seven days a week. A
market where all prices are set purely by supply and demand, few transaction costs, no middle men and you only pay commission if you win? Where you can freely act as a market maker and where you have direct market access and where you can create a spread for others to take?

Betfair has revolutionised the betting market and created an open platform for exchanging risk on sports events. This market is now viewed much more like a traditional financial risk market than an old fashioned betting market. Smart users have realised that there are huge opportunities on Betfair because they can buy and sell risk in much the same way they would in a normal financial market but without the burden of cost or the restricted access that is usually associated with traditional financial markets.

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Fundy would be talking on messenger but is having major rows with Pipex having moved recently so is playing more golf and trading less

I see Betfair is down yet again today. They are really proving to be most unreliable and quite rubbish actually. I haven't looked at the rules, but surely if the site collapses and you have a matched bet in the market on a short term event (hosses), all such bets should be declared void. Fortunately, I do not have any bets in the market during this latest site failure, but if I had, I would be very very pissed off :-(

pth

Very poor stuff, was having a good day as well. I had started to notice the site getting sticking so I had taken my hand's off a bit.

just switched on planning to trade the cricket

2 days in a row no trading for me because of systme probs now - getting a bit pi**ed off with it

every time they do a supposed upgrade we actually get a downgrade


pth
no, they dont void the bets - wouldnt be fair on those having a bet rather than trading - that said all unmatched bets shopuld be cancelled

Steve, understand what you are saying, but grrrrrrrrr.
They do need to get this unreliabilty issued sorted out. Their customer service is also piss poor; I emailed them over the weekend when the site locked up and the response referred to an issue I hadn't even raised!!

pth

Seems back up and running now. Wonder how long before it falls over again though? :-(

pete

site is back up and running but response times very poor, my log on betangel registering very couple of mins at the mo

annoying cos want to get heavily involved in the cricket but darent

crashed again

oh no not again bloody annoying to say the least

Scrip, you ever thought about designing Pro so that it can interface with other betting exchanges? If Betfair keep this up, it won't be long before customers give them the flick.

pth

this has been going on for a long while on and off, every time it happens people start talking about the other exchanges. the prob is currently they dont have enough liquidity, and if everyone went over there from betfair then they would be likely to suffer the same probs

Steve

Depends if they were to use the same technical muppets who do the Betfair upgrades, I guess. Agree about the liquidity issue though, mind you, Betfair had to start somewhere :-)

We have looked at BetDaq and the liquidity is poor and we have found it untradable. Also they don't display matched volume so we can't tell how liquid the market is. We have noticed when we try and actively trade the markets the money just isn't there. I don't know if they seed their markets or not but from the way the market acts and the type of liquidity we see I suspect that they are seeded in some way or a cross arbitrage takes place with Betfair.

Betfair's T&C's don't let us display other prices on the same software.

scrip they have changed, the matched trades are shown on the right hand of the screen under history only when in-play or before market closes after market closes and before it is settled you cant get info on matched trades
this was copied just now 2.10 at bev
Emerald Wilderness 2.85
4 3
6 2.93
28 2.81
18 2.95

Hi Woodie, I was thinking more in line with how much in total has been matched on the market. With that in mind you can work out how much is actually being traded on the market. Without that it is hard to know what to commit to market.

We continue to look at BetDaq

scrip it gets back to what you said earlier money traded is to low.

More problems today anybody?

not yet just getting slower

I think I had an ISP issues. Was a mare for a while, missed 2 hours of trading.

lots of dosh missed?