Betfairs Attitude To The Exchange

i don't think nuclear war would change betfair's attitude to the exchange. NO ONE wants individuals making money from betting.

Some competition is needed. BF do seem to have it all and that's a shame.

This place gets very little of my exchange business these days. Commission far too high.

i just don't get why the other exchanges fail so badly to attract business from betfair given the lower commission and all.

mb seems ok for pre race horseracing. Bigger players must be taking advantage of 0%. BD dont deserve any success imo. Missed numerous open goals.

Jul 19, 2018 -- 8:40AM, razz wrote:

i just don't get why the other exchanges fail so badly to attract business from betfair given the lower commission and all.

Liquidity is, as it always has been, king, and for the vast majority of sports/more niche markets, it's BF or nothing.

Jul 19, 2018 -- 7:53PM, Latalomne wrote:

Jul 19, 2018 --  8:40AM, razz wrote:i just don't get why the other exchanges fail so badly to attract business from betfair given the lower commission and all.Liquidity is, as it always has been, king, and for the vast majority of sports/more niche markets, it's BF or nothing.

I don't get why more liquidity doesn't go to the others though.

Because a better commission rate is only relevant if you're able to get matched.  If you are a trader, it's an extremely dangerous game to be taking a price elsewhere with a view to trade when you can't guarantee that there's anyone else going to take it back off you (TBF, it's become that way on the side markets on here, too).  Shortly after PC2 was introduced (so September 2009?), I decided I would take my business to Purple, come what may, for a month and see what happened.  Perfect case in point was a Murray match during the US Open.  I used to market make the tennis handicap markets, and I was quite surprised to find I could get a lump at 2.0 on Murray minus whatever at some stage of the match.  Murray went on to put himself into a great position (he was sub 1.3 to lay here) and then had a complete brain fart and only limped over the line, failing to cover the handicap.  No matter what price I went during his dominant period, I could not give the lump I'd taken away. 

Exchange liquidity is the classic chicken and egg situation, and I've not read much to suggest anything is different over there now.

They may change their attitude when this launches, will give em a smack right round the choppers

https://www.peerplays.com/return-exchange-igb/

Latalomne 21 Jul 18 08:17 Joined: 20 Jul 01 | Topic/replies: 15,610 | Blogger: Latalomne's blog
Because a better commission rate is only relevant if you're able to get matched.  If you are a trader, it's an extremely dangerous game to be taking a price elsewhere with a view to trade when you can't guarantee that there's anyone else going to take it back off you (TBF, it's become that way on the side markets on here, too).  Shortly after PC2 was introduced (so September 2009?), I decided I would take my business to Purple, come what may, for a month and see what happened.  Perfect case in point was a Murray match during the US Open.  I used to market make the tennis handicap markets, and I was quite surprised to find I could get a lump at 2.0 on Murray minus whatever at some stage of the match.  Murray went on to put himself into a great position (he was sub 1.3 to lay here) and then had a complete brain fart and only limped over the line, failing to cover the handicap.  No matter what price I went during his dominant period, I could not give the lump I'd taken away.



If you are anywhere near being a PC payer on BF then moving to purple won't solve your problems anyway (whatever the liquidity situation is) - If you display PC like behaviour on their platform (ie. winning too fast), they will hit you with fixed (high) commission rates which is basically premium Charge in all but name.

Better to keep it to what I'm aiming for then.

I think that BF like the exchange well enough, they have their cake and eat it basically - still make plenty from both the exchange and the sportsbook, so they're happy to keep both ticking over I'd say. There's no sign the exchange is going extinct for the main markets - side markets yes, but not the main markets.

US money can hardly be a bad thing though, if it filters through.

There's no sign the exchange is going extinct for the main markets -

Personally think that's customer-led rather than Betfair-led.

Not going extinct but declining. The problem with their complacent attitude to the decline is it can lead to a vicious circle as more punters get fed up of it and not many new punters arrive. Then the bottom suddenly falls out of the market.

Jul 30, 2018 -- 9:23AM, stu wrote:

US money can hardly be a bad thing though, if it filters through.

i have no idea why this fantasy persists.  Shared uk/us exchange markets are never happening.  US sports exchange markets aren't even happening

@dave1357

"Shared uk/us exchange markets are never happening" - it's happening right now with the New Jersey Exchange for horseracing.

my bad - i forgot about new jersey

US used to have matchbook also

The time when BF loses supremacy to another exchange must be coming. They just don't
give a sh1te any more. Look at all the Prem League outrights on Sportsbook, yet they
won't put half of them on the exchange, citing "low liquidity". Utter b@lls.

Once Betfair lose supremacy to another exchange then the place will become a ghost town within a few weeks after that.
Betfair's days are numbered I feel.

On the day I joined Befair there were people on here talking about how Betfair wasn't what it used to be and would soon be extinct. They've been saying it ever since and so far - so good. Some sports have waxed and waned in popularity, whether that's anything to do with BF or just about changes in the sports' relative popularity as a whole it's hard to say. I wasn't keen on the x-matcher when that was introduced but I got through it and I wasn't delighted when I started paying 20% - and then 40% of my winnings in charges but when all's said and done this remains one of the very few places where you can win a lot of money and keep playing.

Betfair isn't perfect but I'm still a fan.

I agree with that, but I do get very frustrated when I can't even get a person
on the phone to discuss things with me. Especially when I'm a 20% PC payer.

pmbets 04 Aug 18 10:41 
Once Betfair lose supremacy to another exchange then the place will become a ghost town within a few weeks after that.
Betfair's days are numbered I feel.


I could switch the date of your post to 04 Aug 08 pmbets...

Next race dalaware 6 horses long odds on in the place market all around 1.2.
The liquidity has gone.

The USA horse markets are just about unplayable now except of course to insiders.

These type threads a are ten a penny on here but the latest ones miss westender chiming in, betfair has plateaued out but happily cricket markets are in fine fettle as long as the game is shown in India.

Let's just hope Betfair continue to turn a blind eye (ahem) to all the money coming from India...

Aug 6, 2018 -- 9:44PM, Templeton Peck wrote:

Let's just hope Betfair continue to turn a blind eye (ahem) to all the money coming from India...

I always wondered how they navigate KYC

I couldn't possibly comment...