Category: Betdaq
Betdaq go commission free on the Grand National
Betdaq continued their act of throwing down the Gauntlet today, by making the bold move of offering the highest profile betting race of the year completely free of commission. That’s right you heard it here first, the Grand National will be offered at 0%!
I’ve always been an advocate for a competitive market and this sort of thing is a direct result of a more competitive market. This can only be benefical for exchange end users. Whatever your objection for …
The Betdaq Manifesto!
You heard it here first! Appearing in the Racing Post this morning is the following, view it in it’s full glory by clicking on this link.
Basically, Betdaq have come out and publicly made some pledges, the first since their acquisition by Ladbrokes. Some of the pledges are:-
- Commission will stay low
- NO premium charge
- More liquidity, events and markets
- Winners are welcome
- Incentives for new joiners
- First race of EVERY day free of charge
A really interesting pledge …
Ladbrokes Betdaq play becomes clearer
I know it wouldn’t have been on many of your calendars, but when my iPhone made an annoying noise this morning it was to remind me that Ladbrokes results were out this morning.
I listen to, attend and read a lot of results. It’s a hobby of mine that pays well. But on this occasion I was more interested in what Ladbrokes would say about their acquisition of Betdaq. Not a great deal was the completely honest answer, but Ladbrokes …
Have your say on the future of BETDAQ
With all the fuss and conjecture about the Ladrokes takeover of Betdaq we are all eagerly awaiting a clear view on what path both will take in the future.
Yesterday Betdaq popped into our forum to solicit views from Bet Angel users.
To quote – “We are writing to you to invite you to engage with us as we begin to plan the transformation of the BETDAQ exchange after the completion of our acquisition by Ladbrokes.”
I’d encourage you to …
Ladbrokes acquire Betdaq
Major, but not totally unexpected, news in the betting exchange world this morning.
I really felt that exchanges could change everything when I first started using them, but lately it almost felt like they were regressing to a standard betting model! I am hopeful that this news will breath new life into the betting exchange concept and allow things to start moving forward again in a more positive manner than we have been used to in recent years. While we …
Ladbrokes confirm talks with Betdaq
In a brief statement issued today Ladbrokes confirmed the long runner rumours that have been around for some time, that they ARE in talks to acquire Betdaq.
The short statement said: -
“The Board notes repeated press speculation regarding Betdaq. Ladbrokes enjoys a close commercial cooperation with Betdaq and can confirm discussions regarding a potential future acquisition.
Negotiations are ongoing though at this stage there is no certainty that an agreement will be reached.
Any further announcement will be made …
Royal Ascot trading review
This was an interesting year at Royal Ascot. The obvious highlights were Frankel’s win and Black Caviar’s close call. I thought the Duke of Edinburgh presenting his wife with a trophy was also a moment to remember, surprised to see no caption competitions on that!
Overall, according to Betfair’s statistics, £92.6m was traded before the off, up from £73m the year before. However, that included to races at incredibly short prices. If you strip those out and add back average …
The Derby on BETDAQ
Last year I consciously decided to allocate a lot more of my time to learning and understanding how the markets on Betdaq work in great depth. No guess for what prompted this! In the past I’d tended to cherry pick markets as it was easy to find markets that were more suitable for my style, but I felt I really should make the effort to work harder on ALL markets.
A year on and I’m active on pretty much all racing …
Great start at Aintree meeting
Well that went well.
No matter how experienced you are you can never be sure exactly sure what lies ahead each day. You will always be at the mercy of the market. So it’s nice when you find yourself on the right side of that. It’s a bit of a confidence boost for the weekend. The best result of the day we saw on Betfair, came on the first. The best on Betdaq on the last. But both were useful results.…
Cheltenham day two
That was an OK start to Cheltenham. I’d rank it on the better side of the line. OK because I didn’t break any upside records, but OK because I didn’t do so on the downside either!
Volumes waiting to be matched are higher than last year, they are running at around ten times normal week day levels. The rate at which those orders are filling are only six times normal level so there is quite a big gap in the …
Betdaq API problems
Just sending this out in case anybody has any automated spreadsheets running on Betdaq Angel today.
The Beqdaq API has a problem this afternoon and things are not working as they should be. Please double check any thing you have running.
We altered Betdaq to the issue quickly and they are onto it.
[EDIT : Betdaq now have a fix for the issue and will be deploying it after today's racing]
If you want to become aware of these sorts …
Friday 13th unlucky for Betfair
Just days after their latest ‘upgrade’, the Betfair site crashed again. How incredibly frustrating! I’ve lost count of how many times the site has been down over the last year and each time the site is upgraded it seem almost certain now that a major crash follows.
If you want to trade today, why not give Betdaq at go. BetDaqAngel is the same Bet Angel platform you are familiar with but it’s compatible with Betdaq. Best of all its 100% …
Ladbrokes in talks with Betdaq
Not as dramatic as it first seems when you read the headline, but interesting nonetheless: -
For the full story click on the following URL: -
If you fancy giving Betdaq a try download BetDaqAngel. It’s top notch trading software for Betdaq and it’s free. It received a major upgrade last year. Lots of clever features including an Excel link that allows you to trade multiple markets simultaneously from a spreadsheet.…
Will Betdaq take off this year?
What an open question that is! I’ve stuck up a poll on the right that you can give me your answer on.
For years Betdaq has been a much weaker market than Betfair. In 2008 it got a boost when Betfair increased charges. A few vendors, including Bet Angel, rushed to make their applications Betdaq compatible. But the majority didn’t however. This rush to Betdaq was short lived and things very soon, sort of, carried on as normal. I say …
Satisfying chaos
OK, yesterday didn’t seem that chaotic in the end, just a bit frustrating. I had to wait ages to find races that really set themselves up nicely, but eventually I did and they were OK. But it was a little dull overall.
Kauto Star lit up the day when I took a few races off to watch the King George VI produce a bit of history. What a great horse we have been treated to and it looks like we …
An ‘interesting’ Saturday
Well that was an interesting Saturday. I sort of got the feeling that the day may not go as planned right from the off.
Went shopping with the kids to stock up the office and got back a little late which left me no time to put the stuff away. I just had to dump it on the stairs. Sat down to the early start and immediately realised there was a problem… The Internet was at a virtual standstill. I …
Quietly moving ahead..
It’s interesting to see that liquidity and market conditions continue to improve on Betdaq. It’s quite possible to sqeeze someting out of most races now and thanks to the favourable commission rate it’s proving a good use of my time. We appear to have gone from waiting for perfect market conditions to a wider range of acceptable reasons to participate, which is encouraging.
I’d honestly recommend using both major exchanges as competition is good in all markets, but some of this …
That’ll do nicely
I had a feeling Saturday would turn out to be an interesting day, so I pulled out all stops to take advantage. I did well and it was a real pleasure to net my best day ever (At least before commission).
I managed to pick up a lot of decent results from a wide spectrum of events on both exchanges. Thanks to favourable commission rates and favourable liquidity conditions on Betdaq, it meant I found it pretty easy to beat …
Book%
I fielded a question from somebody recently about the book% and what information does that contain?
I’ve seen quite a few theories about what the book% can actually tell you, but here is what it tells me.
At it’s most basic level the book percentage is merely a broad measure of the market. A big number of selections will equate to a big book% and small field a small one. This is due to the spread between back and lay …
Dilemma
It’s just gone 08:30 on Wednesday morning and I’m up over £700 on the day already. On Saturday, I sat down to do a decent days work on the exchanges. Across both I earned somewhere between £3.5-4k which was similar to last year, slightly higher as Betdaq is contributing more than it did in prior years. What’s my point?
As you are probably aware I’ve been doing this for over a decade now, have collected a ton of data and …
Bet Angel for Betdaq
Somebody emailed me yesterday asking when we will be upgrading the Betdaq version of Betdaq. For those that were not aware, we did this in July; hence this post this morning!
Bet Angel for Betdaq is available free of charge and we were the first vendors to release a Betdaq version of our product way back in 2008. The upgrade in July was the first major upgrade we have done in a while. There are still some differences between products, …
Eye Watering
I’ve been playing around with spreadsheets and a number of other strategies recently. With the increase in commission charges levied against me, I figured it would make sense to look outside my normal activity. While it’s flattering to know you are better than 99.9% of market participants have ever been, it’s less flattering to give away the majority of your profit! By ‘normal activity’ I am talking ‘active’ participation. I now have a very big incentive to find less manual …
Look, no hands…
One upshot of Betfair’s recently decision to increase their rake from more successful users like myself is that I have revisited my love of interacting on the exchanges with spreadsheets.
I have taken some time out from ‘normal’ trading to work on spreadsheets a bit more. This is to see if I can create something that works fully automatically for me where the payoff will now be particularly high as it takes none of my time to execute. When something …
York Ebor meeting
Summer racing isn’t over quite yet and today kicks of the Ebor meeting at York. I’ve traditionally done OK at this festival each year so I am looking for something above average this week. I’m going to give Betdaq a good go this week at York as liquidity is rising and I suspect I can get something decent out of some of these races. I’m keen to get some decent practice in. If you look at my Ebor result from …
A sea of red
Fortunately this doesn’t reflect my betting exchange activity, tepid though it is this week. The title refers to the chaos in financial markets. As a lot of your know I am heavily invested in financials and it’s part of my grander plan to eventually sit on my bottom each day doing nothing. I’ve been actively investing since 1990 and messing around for longer than that. It was gambling that lead me to the great casino of the lot, the stock …
Betfair International Stakes
Couldn’t resist posting up this P&L on this race from yesterday. OK I got more on Betfair, a bit, but nowhere near the same when if deduct a 60% commission.
You should always do what is best for you, especially in a trading market, but look at my circumstances. It’s a strange feeling to only be able to earn 40% what others can earn by doing exactly the same thing. I can teach people how to do similar things and …
Betfair – Cross matching
Cross matching has slowly been implemented across many sports markets on Betfair and earlier this year on the big one, horse racing.
There are still some odd things with cross matching. Prices for the API and for the Betfair web site are different. This is because cross matching is not exposed via the API. We put the cross matching algorithm into Bet Angel, but quite a large number of API applications still show the ‘wrong’ prices. Betfair also never tell …
Betdaq boost
Yesterday saw a fairly big boost on trading volume on the horse racing markets on Betdaq, which was more or less running at double last weeks numbers on average. It’s too early to say if this is a sustained increase or just a blip, but it’s encouraging.
I’m not going to tell you to use one exchange or the other or both, that’s your decision, not mine. Everybody is at different stages of their trading. But there are obvious benefits …
Repeating patterns
Sometimes the markets surprise me, but more often than not they don’t. After 11 years of doing this, even the surprises don’t seem surprising any more. But yesterday I got a surprise.
Yesterday, last year, I traded a race at Catterick and got a really cracking result from it. A year later at the same course, on the same day and on the exact same race I got the same result. You would think it impossible that such a thing …
Jelly
A long time ago I worked for a company where the MD had a great idea. A quick way to boost profits was to levy a new charge for delivery. He asked for comments.
“Jelly” I responded. Everybody thought it was an insult not piece of insight. But my point was that like squashing Jelly, new charges wouldn’t lead to the problem being stamped on, it would just lead to the problem oozing out elsewhere in the business.
Imposing the …
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