Football trading : VAR

Football, Soccer - whatever you call it. It is the beautiful game.
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phrenetic
Posts: 41
Joined: Sun Oct 16, 2016 5:11 pm

Mon Jan 08, 2018 7:14 pm

Betfair have just published the following on how the Exchange is going to work with VAR:

https://betting.betfair.com/betfair-ann ... 118-6.html

Trading96
Posts: 408
Joined: Thu Mar 16, 2017 4:47 pm

Mon Jan 08, 2018 7:19 pm

Sounds like something Smarkets would do to protect "liquidity providers" sad.

weemac
Posts: 344
Joined: Mon Sep 16, 2013 8:16 pm

Mon Jan 08, 2018 7:35 pm

"If the referee decides to award the penalty, goal or red card, we will void bets matched from when the incident took place to the suspension time for the VAR review because these bets should've been cancelled when the initial incident occurred"

Bets are never cancelled on the awarding of a penalty; only on its being scored, so how can they say they should (would) have been cancelled if the penalty had been awarded?

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Euler
Posts: 16474
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ
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Mon Jan 08, 2018 8:19 pm

That's remarkably convoluted, smells a bit really. Why can't the risk be held in the market?

Simonlofc
Posts: 139
Joined: Tue Sep 30, 2014 11:07 am

Mon Jan 08, 2018 9:51 pm

https://prnt.sc/hxjlfm
and yet this morning in Aus this happened , it was 0-2 when this went in. They settled the O2.5 then the goal was ruled out the o2.5 market never reopened it went 0-3 right at the end. as you can see some got a nice payout

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northbound
Posts: 579
Joined: Mon Mar 20, 2017 11:22 pm

Mon Jan 08, 2018 10:39 pm

I despise how organizations in modern times keep adding more rules and regulations, overcomplicating everything.

In my opinion, Betfair should simply open a football match market a few days before the match start and close it when the ref blows the final whistle. No suspensions, no delays.

Simplify, ffs.

spreadbetting
Posts: 1868
Joined: Sun Jan 31, 2010 8:06 pm

Tue Jan 09, 2018 12:01 am

Take a look at the liquidity in the unmanaged markets next time one's up and you'll see why Betfair manage them to some degree. Not everyone wants to actively monitor their positions for the full 90 minutes against traders at the game 10 + seconds ahead of you.

Years ago Corals ventured into exchange betting with a site called play2match.com, they ran unmanaged markets on football and some big races, was the easiest money I've ever made, I was gutted when it closed after a few months.

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northbound
Posts: 579
Joined: Mon Mar 20, 2017 11:22 pm

Tue Jan 09, 2018 7:54 am

spreadbetting wrote:
Tue Jan 09, 2018 12:01 am
Not everyone wants to actively monitor their positions for the full 90 minutes against traders at the game 10 + seconds ahead of you.
Ok let’s keep the delay, if we must. But there’s no need for suspensions.

The lack of suspensions doesn’t seem to affect liquidity in inplay tennis markets, does it?

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northbound
Posts: 579
Joined: Mon Mar 20, 2017 11:22 pm

Tue Jan 09, 2018 8:04 am

In fact it would be nice if an established organisation like Betfair would do the following experiments on ALL football markets.

- One month of no delays, no suspensions
- One month of no suspensions

They could then see how these affect liquidity. If the impact is not big, they could move in either direction on a permanent basis, reducing their staff costs as no humans would be needed to actively manage inplay markets anymore.

spreadbetting
Posts: 1868
Joined: Sun Jan 31, 2010 8:06 pm

Tue Jan 09, 2018 12:48 pm

northbound wrote:
Tue Jan 09, 2018 7:54 am
spreadbetting wrote:
Tue Jan 09, 2018 12:01 am
Not everyone wants to actively monitor their positions for the full 90 minutes against traders at the game 10 + seconds ahead of you.
Ok let’s keep the delay, if we must. But there’s no need for suspensions.

The lack of suspensions doesn’t seem to affect liquidity in inplay tennis markets, does it?
How many tennis points do you get in a game compared to goals? Betfair have run unmanaged markets in the past and they were ghost towns, admittedly they were lower league matches but the liquidity was a lot less than the managed markets.

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