|
By:
so what happened to liquidity yesterday? the big layer seems to have disappeared from the darts outright market this week. maybe he is on holiday though. and the baseball was as dead as a dodo last night but that's nothing new and baseball liquidity certainly hasn't moved to another exchange.
|
|
By:
Didnt notice any difference yet on the racing markets. I think it will take a few weeks to sort itself out and then YOY figures can be compared.
|
|
By:
frog, it seems the action you speak of has come into play today, you almost got it right with your post, liquidity is up over 100%, market forces are very much inplay, st the other site
|
|
By:
check it out for yourself
|
|
By:
i hope this dosent affect betfair too much as it could be caused by the pc charge coming into affect today
|
|
By:
Churning around the pc results in offering worse prices and less liquidity.
I know because this is what I am doing, and it works. All the rest is blather from those who haven't been there and done that. |
|
By:
I know of a lot of big market makers in various sports who are in the process of getting software that duplicates their offers on Betquack.
There's a possibility in time that the liquidity on Betquack will be similar to Betfair and why wouldn't people prefer to bet there as their commission is lower? Even long term losers who are small players can pay less over there. Eventually if there is a slight migration to Betquack the big market makers could stop offering on Betfair and the power has suddenly shifted never to return. It probably can't happen on sports like horse racing or football but from tennis downwards it can. Betfair are playing a dangerous game and must be extremely confident with their market domination that they're untouchable. |
|
By:
Agreed GOM. I know a few gambling botters who've been inspired by betfair to finally take a look at the purple API.
|
|
By:
GOM
You say " ---extremely confident with their market domination that they're untouchable". Maybe it is more a case of BF being extremely confident that their pricing structure is the only one sustainable long term ? I would, if I were you, perhaps be just a little bit more worried by what BQ might be forced to do price structure wise down the road, if it ever did gain some serious traction in the mkts. you seem to be now talking about. |
|
By:
There is still the assumption that if they ever dealt with the same volumes as betfair, purple would be in some way kinder. My guess is they wouldn't.
|
|
By:
Well Betfair turned into a near billion Pound company in a few years charging no more than 5% so I'd guess it is sustainable. I think if Betquack did eventually become the market leader in exchange betting then they would think twice before making the same mistakes as their predecessor.
However I do think their is some merit in changing the pricing structure as your example about someone paying more long term commission as an out an out gambler who has one bet on a horse race rather than a specials player on SPOTY who has thousands of entry and exit points over the course of a year. |
|
By:
I agree it is a possibility but it is being treated as a given.
|
|
By:
One interesting fact to emerge from last night's get together was that Betfair are hoping to get an additional £20m in charges (the source sounded reliable) from the new PC. This equates to the 480 people making around £60m net.
That means the average profit is £125k. If 10 people are making £5m net a year that would mean the others only make an average of £21k between them. |
|
By:
GOM - a chunky market maker has been experimenting this week at the other place with matches played on the main court in Baku.
as for pricing, as i've said before, something has to be done about getting more out the deriative bets on an encompassing market. |
|
By:
I noticed lots more liquidity ..... over on nnatchbook that is. 0.5%/1% commission, no PC either.
Betquack seems better too. |
|
By:
i'm somebody who is in favour of big, efficient winners paying more but......
I thought some of the correct score markets in todays champions league were a bit bare. Horse racing seemed busy, especially prerace |
|
By:
Betquack, snatchbook, its all moving more liquid now. Smarkets has potential and I think more will follow suit.
Plenty of pre-off money about on the purple all day long for the horses, good liquidity on other major events too and improving as we speak. Personally i believe a corner has been turned and genuine options are springing up for those who make the effort to add liquid to these sites and I for one am extremely pleased BF is getting a kick up the backside. Long overdue. Maybe when the share price hits 5 quid they will quietly reflect to themselves what a major f-up and public relations disaster they have created. |
|
By:
GOM, good post!
if betd*q can offer a stable platform in the next month, the purple volume of betting will skyrocket. tennis wasnt too bad today in-running. |
|
By:
It is difficult to see where this is all going. Everything is possible now.
In any case, it is certainly worth having a purple account. |
|
By:
Do purple seed their markets?
|
|
By:
it's been suggested.
|
|
By:
DStyle,
I seen him on Betquack. I'm almost sure it was a Russian fella who was also in Stuttgart last week. He hardly got anything matched but Rome wasn't built in a day. He was still doing it on Betfair but it will be a long process to move between the two exchanges. The important thing was that his software now offers on both sites simultaneously and a lot more market makers are going to follow suit in the coming weeks. We moaned and moaned about the 20% PC but we accepted it in the end even though we were never happy about it. The new PC is the catalyst to do something about it. Betfair may soon realise that they've pi$$ed the wrong people off and that they're just a platform and not the market. |
|
By:
going to be very interesting to see what happens when Montreal starts in 3 weeks.
|
|
By:
what's Montreal for the uninitiated?
|
|
By:
Masters Tennis?
|
|
By:
I'm pretty sure the individual you guys are talking about is not an individual
But nevertheless, good news. |
|
By:
correct clydebank.
|
|
By:
fwiw. I think a free market (and isn't a betting exchange market the epitome of a free market?) works best with low taxation.
I've always been led to believe that tennis has the biggest number of big winners, yet by the same token it's the fastest growing market on Betfair. I know there are loads of other variables at play here but the biggest incentive there is, is to increase betting volume and increase available liquidity is winning. This idea that people are going to starting churning and betting more because they are winning less here is just a nonsense imo. It takes a helluva of a lot of doing to lose a dominant position in a natural monopolistic market when there appears to be no serious rival in the exchange market, but Betfair might just be capable of doing it. |
|
By:
Any reports from in-running on the horses today across the road? It was dire beyond belief when I did a quick check a couple of weeks ago.
I too believe the Duck may be able to take this on a sport by sport basis. Not the footie and horses which I agree are too big to crack intially but the smaller ones could easily be targeted as there are very few people putting up prices pre-off and even less in-running. Once momentum goes on one sport I don't see it coming back and that could easily be the start of the domino effect. |
|
By:
In running horses over the road is a complete waste of time, I'd imagine it'll be a long time before they'd have any sort of capacity to compete.
But if they had any sense that's certainly not an area they should try to step up with tracksiders/sis players etc having such a huge advantage they're certainly not the type of players Betquack need on board right now. |
|
By:
I found the liquidity alarmingly low on horses, and that was 10 minutes before the off - that's what the premium charge & squeezing every penny out of clients in other fees does to turnover!
|
|
By:
504 quid matched on the first at Sandown on the place market. I've been playing the place markets for almost nine years on here and the last few days have been the worst I can remember. So where is this new liquidity frog?
|
|
By:
The Magician (100)
18 Jul 11 13:34 Joined: 16 Jan 09 | Topic/replies: 413 | Blogger: The Magician (100)'s blog bf_fanatic read a few broker reports - was left convinced they don't understand, Betfair its customers or the PC. but I might be wrong (vested interest - I have a spread bet on betfair shares to go up) Just out of interest Magician, do you have a target price (that you are willing to divulge). |
|
By:
RichWill
21 Jul 11 11:32 Joined: 08 Jun 02 | Topic/replies: 107 | Blogger: RichWill's blog 504 quid matched on the first at Sandown on the place market. I've been playing the place markets for almost nine years on here and the last few days have been the worst I can remember. So where is this new liquidity frog? ......... lol. You expect people to churn on the early prices for horseracing? |
|
By:
Does anybody still believe this churning bsh1t?
|
|
By:
Only those actually doing it in some form or manner I suppose ?.
|
|
By:
did the OP ever believe it or was it a wind up all along?
|
|
By:
and if the OP does believe it does this mean that someone at Betfair believed it too?[smiley:crazy]
|
|
By:
More liquidity is good news for peoples.
|