General Betting
Welcome to Live View – Take the tour to learn more
Start Tour
There is currently 1 person viewing this thread.
and does it affect the average punter.
Show More
It's just Betfair making your money visible at the reversed side of your bet in markets with 2 or 3 possible outcomes.
If you put up a back on someone at lets say evens in a tennis match, Betfair will also show this back as a lay of the other player at evens too.
In this case it doesn't matter as evens on both sides is exactly the same value, but usually the side Betfair show the money at will be just a tiny tiny worse value for anyone taking that bet instead of your original one and Betfair will pocket this free money from the one taking the slightly worse value.
It's easy to see how this work if you go to a illiquid football or tennis match and just put some money into the market. You will see money coming instantly up on the reversed side.
Just be careful when doing this so that you don't put up bets that would be valu for a taker.
I think Betfair has also introduced this on horse races inrunning now, but with multiple runners and fast moving prices it is impossible to spot the cross matching working there.
If you put up a back on someone at lets say evens in a tennis match, Betfair will also show this back as a lay of the other player at evens too.
In this case it doesn't matter as evens on both sides is exactly the same value, but usually the side Betfair show the money at will be just a tiny tiny worse value for anyone taking that bet instead of your original one and Betfair will pocket this free money from the one taking the slightly worse value.
It's easy to see how this work if you go to a illiquid football or tennis match and just put some money into the market. You will see money coming instantly up on the reversed side.
Just be careful when doing this so that you don't put up bets that would be valu for a taker.
I think Betfair has also introduced this on horse races inrunning now, but with multiple runners and fast moving prices it is impossible to spot the cross matching working there.
Punters as a whole will be ever so slightly worse off.
Betfair are better off but in their current trading climate (most European governements seemingly kicking Betfair where it hurts) I expect they need the extra money
Is the average punter ever so slightly worse off? Hard to tell. While punters as a whole will be worse off, before cross matching the markets would have been less efficient and its likely the pros would be the ones that benefitted.
Betfair are better off but in their current trading climate (most European governements seemingly kicking Betfair where it hurts) I expect they need the extra money
Is the average punter ever so slightly worse off? Hard to tell. While punters as a whole will be worse off, before cross matching the markets would have been less efficient and its likely the pros would be the ones that benefitted.
https://bdp.betfair.com/index.php?option=com_content&task=view&id=143&Itemid=62
"We expect to introduce this improvement on the morning of Tuesday 12th May"
Yeah but tuesday is 10th May so...what year?
Yeah but tuesday is 10th May so...what year?
Pass. Sometime in the past though - it's clearly there now.
And the second page (linked at the bottom of the first) is the intersting how-it-works bit
And the second page (linked at the bottom of the first) is the intersting how-it-works bit
Post Your Reply
Please login to post a reply.
Wonder
Instance ID: 13539