Announcements : Betfair markets - definition

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Dipstick
Posts: 52
Joined: Tue Feb 17, 2015 10:08 pm

Fri Oct 21, 2016 10:11 am

Hi

I think I know the answer to this one but just wanted to check.

I was watching the Liv-ManU snoreathon on Monday and, during the 2nd half I noticed a constant arbitrage possibilty. The odds on the draw in the main odds market were 1.43-1.45 whilst in the Half Time/Full Time section they were 1.46-1.47. In an ideal world you could back at 1.46 on the latter market and lay at 1.45 in the main market. But presumably Betfair regard these as 2 different markets so, after commission, you would make a loss. Am I right? Or have I just found gold at the end of the proverbial rainbow?

Dipstick

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Euler
Posts: 15777
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ
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Fri Oct 21, 2016 10:28 am

That is correct, Betfair define them as different markets and will generally define things to maximise commission. However, if you are a PC payer you may want to use a strategy like this to generate commission.

Dipstick
Posts: 52
Joined: Tue Feb 17, 2015 10:08 pm

Fri Oct 21, 2016 10:50 am

Thanks - am not a PC payer yet but worth noting if they ever sting me for that.

PS - sorry for your team last night !!

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