General Betting
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20 Jun 13
18:52
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Date Joined:
25 Jun 06
(and they've gone wrong)
Will this not lead to much less smaller steady "normal punter" bets, and more just a vehicle for "large bookmaker/betfair themselves balancing their book" bets, coming in lumps and whacking the markets like a punch bag? Is it heading this way already?
Will there come a day (not far off) where the exchange is going to be e.g. 10k traded, 7 bets matched??! :(
(Until inevitably the markets just die of course)
Will this not lead to much less smaller steady "normal punter" bets, and more just a vehicle for "large bookmaker/betfair themselves balancing their book" bets, coming in lumps and whacking the markets like a punch bag? Is it heading this way already?
Will there come a day (not far off) where the exchange is going to be e.g. 10k traded, 7 bets matched??! :(
(Until inevitably the markets just die of course)
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the exchange is more or less just traders and wannabe traders competing with each other anyway.
i seriously doubt bookmakers use betfair much at all, they dont take big enough bets to need to trade out of them. i take bigger bets every day than any of the major bookies would take. they only want the £5 bets off idiots these days. |
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You're making assumption that they'd balance off every bet as they come on here which would be a bit mad. I'd see them take their piles of bets periodically, analysing their total position, then pitching some money into here as a lump if they don't like what they see and to make their own position nicer. I was on understanding that was done.
I find it hard to believe the big lumps that come flying in are all done by traders. Or bright ones anyway. |
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lol no i know they wouldnt lay off individual bets.
i just doubt theyd bother laying off anything. it would make an absolute mess of all their accounts for a start. small independants may lay off if theyve got a potentially damaging accumulator going or heavily one sided book. i doubt larger bookmakers bother. |