There is currently 1 person viewing this thread.
5.40 Leicester 2 place market pre-race £4000
3 place market £30,000
I hope Betfair are watching this after their daft decision to remove 3 place markets with less than 8 runners.
3 place market £30,000
I hope Betfair are watching this after their daft decision to remove 3 place markets with less than 8 runners.
sort by:
Show
per page
Replies: 67
|
By:
Have you emailed them about it? Genuine question.
|
|
By:
I certainly did barton. It was on Facebook Messenger and I will see if I can find their reply.
|
|
By:
are u comparing like for like there? An 8 runner with a non is a bit diff to 7 to begin with?
|
|
By:
I seem to have deleted their reply but it went along the lines that the figures didn't justify retaining it.
Whoever looked at these figure certainly took no notice of the extra 2 place markets and anyone on here that plays in these markets will tell you that those 2 place markets are a waste of time. The problem is that people complained about a dilution of liquidity in the place market and Betfair listened and removed the wrong markets. |
|
By:
Fear, I am talking about the 5.40 Leicester which had 7 runners with 1 withdrawn which meant both markets were available. Had there been no withdrawal then only the 2 place market would have been available.
|
|
By:
Their removal has really put a dent in my profits :(
Talked to them on live chat and was given the same answer regarding diluting liquidity, funnily enough they had no answer when I asked why the 2TBP and 4TBP markets remain. On the upside, he told me that betfair were monitoring the situation (doesnt fill me with confidence) Hopefully they come back in future, cant see why theyve been singled out given some of the mickey mouse markets that remain across all sports, and given the commission they'll be missing out on. Looking through Saturdays cards has left me in a mild temper with a total of 18 (FFS) races that I would normally bet on at around 200 a race that I need to rule out instead of play in  |
|
By:
Jetlonestar, the problem is that we never get to speak to the right people on these live chat things. They are just following up on a script prepared for them and in my case had no idea what I was talking about.
|
|
By:
I have found their response to my first contact.
Update email from betfair who simply do not understand what we are talking about despite me spelling it out to them over the phone. Thanks for getting in touch. I am contacting you in relation to the 3 place markets on our site. I had a look into this for you xxxx and even though there isn't a specific market called 3 place market, this can usually still be found in the place market. Below is an example of the markets being offered on one of the Newmarket races tomorrow. As you can see there isn't a 3 place market, however, if you click on the rules button for the place market you would be able to see how much places this is paying out. In this case this market is paying out at 3 places, as can be seen below. I do apologise for any inconveniences that this may have caused you. Thanks, Julian Betfair Customer Service Management |
|
By:
Follow up email from betfair below.
Thanks for getting in touch. After checking with our Exchange team, we can confirm that due to a business decision we have removed certain extra place markets from our Exchange. This is part of the ongoing rationalisation project, which essentially seeks to focus liquidity on our markets thus ensuring an optimal betting customer experience overall. As of Monday 4th June the below changes have come into effect. • No 3TBP markets for GB/IRE races with 7 runners or less • No place market (TBP) at all for GB/IRE races with 3 runners I have attached a handy tab;le which clarified which markets are going to remain and which will be removed for your clarification. I have also passed on your feedback from our end regarding the change in question. Apologies if this is not the answer you wished to hear. Should you still wish a callback regarding the above kindly reply with a suitable time frame for the next 72hours so that we can get that set up for you. Thanks, |
|
By:
7.35 Hamilton, 7 runners and instead of a 3 place market we have a "how far market" fot the odds on fav.
Just £728 matched  |
|
By:
i wonder what the real reason is then?
Imo they should cull the quiet markets in general though. Although this will be disappointing for the small amount of winners who use them it's a good policy overall. |
|
By:
the how far market is silly on an exchange apart from a big race
|
|
By:
seriously?
The 3 place market in this case is the standard market. The only point you are making is that all other place markets should be binned (and that would include the one you have been constantly moaning about) |
|
By:
for instance no place on a 3 runner hits me but it forces me onto the win
|
|
By:
you aiming that at me dave? how is 3 to place the norm in a 7 runner? Yes id bin 2 and 4 it took money from the place market traditional.
|
|
By:
dave, you have told us before that you don't want any extra markets. The majority of place market backers do want them and we have explained why.
|
|
By:
majority? when was that vote?!
|
|
By:
apologies dave if yours was aimed at sparrow
|
|
By:
What is your objection fear?>
|
|
By:
I think there are a few people here who would be better off with a bookmaker rather than an exchange with a variety of different opportunities.
|
|
By:
Your agin a laugh ain't ya
 Love a bet in those races Sort this mr sparrow  |
|
By:
Not that it'll happen but id be content enough just having the 3TBP on 7 runner races, might be rage induced paranoia but they seem to be ******* everywhere
 |
|
By:
sparrow • June 28, 2018 7:47 PM BST
dave, you have told us before that you don't want any extra markets. The majority of place market backers do want them and we have explained why. You said in your original post that the two place market was empty. Why were the "majority of place backers" not betting in it? imo the exchange should be as simple as possible for recreational players - one place market - and provide the best value - high liquidity and minimum spread. @TheFear I was indeed replying to sparrow |
|
By:
todays been bad, apart from newcastle which is unplayable as it is, it seems like 50% of the races from the other tracks must have had 7 runners or less and no extra markets. One of the most boring days I can remember and considering its a thursday, youd expect a hell of lot better.
|
|
By:
dont think ive had a bet matched tonight beyond a fiver
. Luckily won this avo |
|
By:
Take a look at Saturday @wicklow
2K matched on the 7 runner place market so far in the 9.10 compared with the 20k in the 8 runner+ markets with the time time til the races. @Dave it isnt a case of people wanting a shedload of extra place markets as proven by the fact we would be happy if they got rid of the 2TBP and 4TBP in standard races (Their liquidity was far worse than 3TBP. Alot of place backers want that 3rd place option proven by the difference in liquidity in the now 'standard' place markets with 8. |
|
By:
dave1357 28 Jun 18 20:44
sparrow • June 28, 2018 7:47 PM BST dave, you have told us before that you don't want any extra markets. The majority of place market backers do want them and we have explained why. You said in your original post that the two place market was empty. Why were the "majority of place backers" not betting in it? imo the exchange should be as simple as possible for recreational players - one place market - and provide the best value - high liquidity and minimum spread. @TheFear I was indeed replying to sparrow Dave, the point is the place backers in that particular race had chosen the 3 place market overwhelmingly over the 2 place market. You are trying to read something that isn't there at all. Quite simply 7 times as much money was bet in one market than the other. |
|
By:
meant to read difference in 8 or more versus less than 8.
|
|
By:
It's only the extra 2 place market that needed removing. The 4 place extra is fairly well used.
|
|
By:
Im an in running player primarily so the 4TBP was usually dead, preraced ive used it quite a bit in the past and ye agree that liquidity wasnt that bad.
|
|
By:
Another 7 runner race to finish
|
|
By:
Our argument is solely based on liquidity and not a personal preference.
|
|
By:
These EW markets are something I never bother with and whenever I look there is very little punted. They really shouldn't have any place on the exchanges as it's just an old traditional bookmakers bet.
|
|
By:
Dave, the point is the place backers in that particular race had chosen the 3 place market overwhelmingly over the 2 place market. You are trying to read something that isn't there at all. Quite simply 7 times as much money was bet in one market than the other
bollocks, it is *the* place market just like a two place market is the main market for a race with seven declared runners. |
|
By:
I was comparing the difference in liquidity between the standard place market ie 2 places in 7 runners or less compared to the place market ie 3 places with 8 or more runners. Out of interest have you seen significant improvement in the standard place market now that 3TBP has been removed - Id be willing to wager its alot less than the liquidity lost by removing 3TBP as alot of people like having that 3rd place option.
|
|
By:
But if punters were going to choose an alternative place market they'd be more likely to go for the extra place than the one with less places. Have we been over this before?
|
|
By:
No JLS, no noticable improvement in the standard place markets, as predicted. It's all downhill from here
 |
|
By:
Dave must simply be a 2 place market layer.
|
|
By:
Corruption is why they were removed.
|