Apr 21, 2016 -- 7:30AM, dave1357 wrote:
it would be blatant fraud, so it doesn't happen.
I frequently see people helping themselves to money when the markets are suspended.
The 8 sec rule does not apply to certain accounts - watch and see for yourself.
Would not be surprised at all if it came out that one of these accounts belongs to Paddy Power Betfair.
Apr 22, 2016 -- 8:01AM, Oceanfinance wrote:
They're not jeopardising anything if no-one's looking. I guarantee BF staff are contract bound to not discuss anything if they leave.
You can't be "contract bound" not to discuss a criminal offence
Apr 22, 2016 -- 8:22AM, Oceanfinance wrote:
What offence is being committed?
"cheating at gambling" possibly common fraud
Apr 22, 2016 -- 9:05AM, frog2 wrote:
Does the cross-matcher have the delay?
The crossmatcher is an algorithm. It's not betting anything.
Apr 22, 2016 -- 12:02PM, screaming from beneaththewaves wrote:
The Betfair cross-matcher has to operate without a delay, or it wouldn't be able to cross-match.Does it earn PaddyPower pennies every single fraction of a second in which it operates? It surely must do. There aren't enough decimal places in the odds to cross-match precisely.Unless of course PaddyPower are crediting the punters with those pennies by rounding the odds in the punters' favour.I wonder which way I would go, if I ran the firm and were offered the option.
Oz markets give the money back once a year.
UK markets don't.
Apr 24, 2016 -- 2:43PM, PeteTheBloke wrote:
XM is just a way of putting PEOPLE's prices up in different ways. It's not BF punting FFS.The refund that they give in the Oz markets is the tiny bit of commission that they earn twice throughthe XM. As far as the person betting against the XM bot is concerned, the commission is exactly as ifthey had placed the bet against a person. The reason they refund in Oz is that the Tasmanian authoritiesspotted that they could be charging commission twice on the same wager, so they forced them to come cleanand distribute this double commission to the customers when it arose.
I'm not saying its the biggest issue for bf exchange customers, I was merely responding to a comment that the cross matching made the exchange fairer.
I understand how it works perfectly well, I'm afraid you seem not to, its nothing to do with commission. Bets can be matched on the exchange where the backer and layer can both lose, and bf keep all the proceeds, do you think this is fair?