Football trading : Today's Football

Football, Soccer - whatever you call it. It is the beautiful game.
Post Reply
User avatar
ShaunWhite
Posts: 6188
Joined: Sat Sep 03, 2016 3:42 am

Wed Aug 05, 2020 3:53 pm

firlandsfarm wrote:
Thu Jul 30, 2020 8:02 am
If I sat an A level exam for VBA Coding I would be shown up as "staggeringly incompetent" but in no way would knowledge of VBA Coding be considered "staggeringly important"! The two are mutually exclusive.
If you're sitting an exam for it then it's obvioulsy important to you if not the wider world. That was my point. It's only important to the very few people affected by it and without knowing anything about how support is run, or priorities at the time, or what issues they might have with info feeds from 100s of venues nobody can say how they're doing.
firlandsfarm wrote:
Thu Jul 30, 2020 8:02 am
I was in the financial industry and had to conform initially with FSA 1986 and the evolution of compliance within that industry. If a stockbroker or other provided a service to the low standard Betfair does the Regulators would be down on them like a ton of bricks
Ditto, Financial IT 85-05. tbh the info processed and supplied by brokers and exchanges in financials is a piece of cake compared to what Betfair pull off on a daily basis. It's all centralised and shared for a start whereas Betfair are trying to do the whole process from having an agent at every sports event on the planet to processing 1000s of trades per millisecond with a latency of about 180ms. I'm not saying they're perfect but I don't see many people with first hand experience of writing or supporting a mutil-location realtime transaction processing system complaining much. It's f-kin difficult.

User avatar
Euler
Posts: 19582
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ
Contact:

Wed Aug 05, 2020 4:06 pm

Betfair had their markets ops team at Hammersmith originally and if you went there you could see people managing the markets by watching the sports.

But when Betfair 'merged' with Paddy Power at lot of jobs that were considered duplicated were culled. So market management is now outsourced to the third-party company that employees students and waifs to attend events and relay that information to the third party, who then sends it to Betfair.

You can sort of get away with that as a bookie, but not on an exchange IMHO.

I've seen many events where there is only one main match on TV and they get it all wrong. All they need to do is have somebody watching SKY to solve the problem in this case.

These issues are process issues and related to cost-cutting.

Atho55
Posts: 373
Joined: Tue Oct 06, 2015 1:37 pm

Wed Aug 05, 2020 4:11 pm

Instead of trying to cover every sports event on the planet and do it poorly why not cover less and do it better than anyone else.

They have a captive clientele so can pretty much do as they like until a better run setup comes along.

User avatar
ShaunWhite
Posts: 6188
Joined: Sat Sep 03, 2016 3:42 am

Wed Aug 05, 2020 8:32 pm

Atho55 wrote:
Wed Aug 05, 2020 4:11 pm
Instead of trying to cover every sports event on the planet and do it poorly why not cover less and do it better than anyone else.

They have a captive clientele so can pretty much do as they like until a better run setup comes along.
You've answered your own question. Anyone with a monopoly cuts corners until their monopoly is threatened. They're not a charity so you can't expect them to spend money unless they benefit, and they clearly don't see an improvement in service being likely to pay for itself in turnover.

They'll only change when the bottom line is threatened but everytime they cock up and some sort of affirmative action might make a difference it's greeted with a resounding can't be bothered.

firlandsfarm
Posts: 1127
Joined: Sat May 03, 2014 8:20 am

Thu Aug 06, 2020 5:19 am

ShaunWhite wrote:
Wed Aug 05, 2020 3:53 pm
firlandsfarm wrote:
Thu Jul 30, 2020 8:02 am
If I sat an A level exam for VBA Coding I would be shown up as "staggeringly incompetent" but in no way would knowledge of VBA Coding be considered "staggeringly important"! The two are mutually exclusive.
If you're sitting an exam for it then it's obvioulsy important to you if not the wider world. That was my point. It's only important to the very few people affected by it and without knowing anything about how support is run, or priorities at the time, or what issues they might have with info feeds from 100s of venues nobody can say how they're doing.
Sorry Shaun but can't agree, not "obviously important". I sometimes sit 'exams' on the Internet when waiting for something to happen like "can you name these past British classic cars" but that's not important to me! :)

firlandsfarm
Posts: 1127
Joined: Sat May 03, 2014 8:20 am

Thu Aug 06, 2020 5:23 am

Euler wrote:
Wed Aug 05, 2020 4:06 pm
All they need to do is have somebody watching SKY to solve the problem in this case.
But that would put the management of the event behind the Sky broadcast giving the courtsiders even more time to take advantage! Yes it would solve the "I forgot to unsuspend it" problem but create a different one.

firlandsfarm
Posts: 1127
Joined: Sat May 03, 2014 8:20 am

Thu Aug 06, 2020 5:37 am

ShaunWhite wrote:
Wed Aug 05, 2020 8:32 pm
They'll only change when the bottom line is threatened but everytime they cock up and some sort of affirmative action might make a difference it's greeted with a resounding can't be bothered.
It's a fault of reactive management rather than defensive management. A bit like car maintenance was a few decades ago … my car doesn't need a service, it's not broken down, Then we learned if I get my car serviced it won't breakdown! Management happily carries on with a "no competition no need" attitude rather than a "how can we protect ourselves from an attack on our market". Microsoft is a prime example, look how they allowed their monopoly come under attack by allowing others to introduce the product development they hadn't.

User avatar
wearthefoxhat
Posts: 1523
Joined: Sun Feb 18, 2018 9:55 am

Thu Aug 06, 2020 6:45 pm

That 2nd goal wasn't a total surprise...

sevilla2.jpg
sevilla2b.jpg
You do not have the required permissions to view the files attached to this post.

User avatar
wearthefoxhat
Posts: 1523
Joined: Sun Feb 18, 2018 9:55 am

Fri Aug 07, 2020 10:37 am

So Aberdeens' footballers have been hit by Covid...

abernews.jpg

aberdeen.jpg

odds.jpg
You do not have the required permissions to view the files attached to this post.

User avatar
wearthefoxhat
Posts: 1523
Joined: Sun Feb 18, 2018 9:55 am

Fri Aug 07, 2020 8:13 pm

I wonder who was at fault for Real Madrid conceding?
You do not have the required permissions to view the files attached to this post.

Post Reply

Return to “Football trading”

  • Information
  • Who is online

    Users browsing this forum: No registered users and 1 guest