General Betting

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01 Oct 15 21:44
Date Joined: 12 Jun 04
| Topic/replies: 607 | Blogger: funkymonkey's blog
Got the mail today regarding purples 2% comm rate for offers made on the exchange.

There has been a few threads on here recently regarding the pros and cons of Matchbook and Smarkets, so I am wondering how people will react to this move from the purple site.

Any views/opinions/feelings on this?
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Report Barton Bank October 1, 2015 9:53 PM BST
It's too late. No liqudity. Punters won't move en bloc.
Report screaming from beneaththewaves October 1, 2015 10:11 PM BST
Rewarding customers with lower commission as long as they don't match a bet ... genius move.
Report YOMOMMA October 1, 2015 10:17 PM BST
^LaughLaughLaugh Bet daq/ladbrokes couldn't manage a piss up in a brewery.
Report romfordiron October 1, 2015 10:28 PM BST
Think the move makes good sense in that it attempts to fill gaps. At the moment, you have to offer a price 1 tick or more worse than on here to get matched.

However, it's still just a desert over there. The prices are pretty much an illusion as nobody really 'takes' prices on purple anyway - you'll only get matched by a bot that's following the prices on here.

Been looking at Smarkets last few days and been emailing them - their liquidity is provided by 'third party market makers' so it's pretty much illusionary as well. These 'market makers' are obviously just algorithms that follow Betfair's markets as well.

If you're a proper bettor, who takes punts, it probably makes a lot more sense to go over to one of those, as there's often decent liquidity for big markets. If you use the exchange for other purposes, there's still nothing doing in either alternative. There's no fish to 'take' bets or even nibble, and you'll only get matched if it's a bot and the market has gone through your price.
Report hartani October 2, 2015 10:43 AM BST
Liquidity on racing on the purple place is rising daily and is great on the feature meetings. It's perfectly viable to use them now on racing, couldn't do that a couple of years ago. Lots of upward momentum there.

Bit thinner on other sports.
Report TheFear October 2, 2015 10:55 AM BST
When did Betfair last do anything positive for the exchange? So although I don't have great faith in Bdaq at leat this is something.
Report racingguru October 2, 2015 12:01 PM BST
Have been trying purple today and have asked to be layed at what the back price here and its working albeit very slowly.
Report CJ70 October 2, 2015 4:26 PM BST
Got the offer checked and they are still only offering mainstream. Useless.
Report spurs to buy big October 3, 2015 1:00 AM BST
mainstream ?? wtf is that
Report CJ70 October 3, 2015 9:45 AM BST

Oct 3, 2015 -- 1:00AM, spurs to buy big wrote:

mainstream ?? wtf is that

Top division ****, that's usually priced up pretty accurately.

Report Westender October 3, 2015 10:33 AM BST
I got 2% last night with a lay of Rotherham pre match but in-play bets were 4.5%.
Report YOMOMMA October 7, 2015 10:09 AM BST
Credit to bet daq for at least trying. They have a new website and on first glance it's an improvement on the old interface for placing bets.
Report DIE LINKE October 7, 2015 1:44 PM BST
Ironically the 2% offer has meant it is even more difficult to get a bet matched on there.
Report Darlo Bantam October 7, 2015 9:51 PM BST

Oct 7, 2015 -- 1:44PM, DIE LINKE wrote:

Ironically the 2% offer has meant it is even more difficult to get a bet matched on there.

Not entirely surprising.

Report Cardinal Scott October 7, 2015 10:00 PM BST
I detected a low level improvement in some cricket markets, instead of their having atrocious liquidity they may have improved to being just very very bad.
Report pmbets October 7, 2015 10:43 PM BST
the daq is improving albeit  slowly.The 2% is helping a little.So well done to them but more prices put up there earlier.
Report River Me October 7, 2015 10:58 PM BST
Should make it 2% on offer or fill.  With all the "upheaval" on here that might get them going!
Report racingguru October 8, 2015 10:14 AM BST
DIE LINKE - yes I agree with you. Everyone has become intransigent. You have to motivate both sides for it to work especially as the odds will be lower than on bf.
Report longbridge October 8, 2015 10:41 AM BST

"Ironically"?  Really?  'daq incentivise customers to place bets that don't match and you're surprised it's harder to get matched?
Report lanza October 9, 2015 6:00 PM BST
just asked them again to add an antepost market (did ask for it 3 months ago), offered to deposit 10k to start pricing up the lay side.

Not interested it seems SadShocked
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