Betfair to do fixed odds betting sportsbook

[CaerMyrddin]

They probably would have if it were simple but there is no getting away from the fact that it is far more complicated than betting with a normal bookmaker. Also place a bet with a bookmaker and your bet is on, with Betfair it isn't always quite so easy.

But it could be way easier. A bit like in the stock market, they could have a cleaner and more attractive interface with a 'punters's' view and the bets would be placed at the best available price.

[enzabella2009]

My friends already backing the fixed odds for more then 2 years..
https://www.betfair.it/


Below here you find the reason:


Pursuant to the Decree of the State Monopolies Autonomous Administration (AAMS) on January 2, 2007, governing the removal of cases offered in the absence of authorization, through computer network, games, lotteries, betting or pools winnings with cash, with which art has been implemented. 1, paragraph 50, of Law December 27, 2006, No. 296, the requested site is not accessible because it lacks the necessary permissions to operate the collection of games in Italy.

The list of authorized operators to electronic game is available on the corporate website http://www.aams.gov.it.

P.S. Betfair has the rights to regulate the exchange within the Italian territory but, chose not to see, not to hear and not to bring the betting exchange within the Italian territory. Despite Italian bureaucracy tends to kill foreign investment, there is always the European community that has allowed the regularity of online gambling with the latest release of the green paper which regulates the gambling within the european territory. If Betfair decided to legalize their activity within some European countrys (France, Italy, etc etc) the Liquidity available in the sport market exchange will probably increase up to 200% or more.
Do not take this news as truth certain. There are informations that hard to find even on the web so it is difficult to define with certainty the true reason why Betfair can not legalize their activities in some European countries or if they really choose not use their rights to regulate betfair exchange.

[Ferru123]

Anyone know what the latest is with this?

The original article I posted (http://www.bloomberg.com/news/2011-10-2 ... -says.html) said that the service was due to be launched this month, but I haven't heard anything on the forum about it.

Perhaps it might explain some of the erratic moves people have been reporting, if Betfair are experimenting with playing with the markets for their own ends...

Jeff

[xitian]

Under "Bet History" in the account page we now appear to be able to list "Sportsbook" bets that we've placed. No other reference to it seems to appear on the site yet, but I presume the release is fairly imminent given the feature was added a week or two ago.

See http://www.betangel.com/forum/viewtopic.php?f=15&t=5828.

[Ferru123]

One thing I've noticed today is that there have been a couple of fairly low-priced horses that have drifted and drifted, only to come in massively in-play (Shubaat in the 15:50 being an example).

I wonder whether this is because Betfair are manipulating the market to cause other horses to steam in. If Betfair are going to become a bookmaker, then creating false favourites could be a useful skill to have...

Jeff

[Ferru123]

Ditto Sieglinde in the 16:05. Has anyone else noticed this phenomenon?

Jeff

One thing I've noticed today is that there have been a couple of fairly low-priced horses that have drifted and drifted, only to come in massively in-play (Shubaat in the 15:50 being an example).

[to75ne]

not noticed anything unusual. that 16:05 siegland not won in over 30 starts. its trainer tim vaughan as a good record of taking such horses on, and doing well with them on thier first time out for him.

so reckon it was just punters seeing a first time out for vaughan. did not watch so i dont know really, just an assumption.

[Ferru123]

Possibly.

Maybe I'm seeing things that aren't there because of all the talk of market manipulation, but I do get the feeling that there have been some big drifts today...

I bet Ugo in the 16:35 comes in considerably in-play, if not before...

Jeff

so reckon it was just punters seeing a first time out for vaughan. did not watch so i dont know really, just an assumption.

[andyfuller]

Betfair article on "Next Generation Sports Book"

http://views.betfair.com/2012/04/betfai ... ull-story/

[mugsgame]

If it takes money out the exchange it will be a disaster.

Best case if they hedge their liabilities on the exchange, which I wouldn't bet against, as they do this on multiples already.

Fact is they will make more money as a bookie