If no one is seeding the bets how we suppose to get matched?
This company is forcing us to gamble. Thats how tennis has become - "please gamble who is the winner of next point. You chance are 60%-40%", because usually you are in lost position as best price in queue are taken, or they will manipulate you to sell it for lower price, or just to keep it(bet) forever. No chance of getting good price back, as P2P betting simply is not in operation - cross matching helps the market maker ( please read: betfair trader in betfair headquarter). So either you gamble against the trader of Betfair or either you are not involved in this. And as can be seen, most of the people are not involved in this. Casual punters are missing on the exchange, and from the very first day cross matching was introduced I knew it will end up like it's today. Complete emptiness, no seeders, no backers, no layers. Its shocking, because Top 10 players from ATP, WTA are playing.
Sleepless nights in my camp. Only shareholders are happy these day.
Tennis is struggling this summer. Seeders gone.
I totally agree with this and see it all the time. At every key point you are looking at a massive over-round. Example Player A is winning 1-0 in sets and the score is 4-4 in the 2nd set with Player A serving, prices 1.18-1.20, the score goes 0-30 and Player A is now 1.18-1.35, we get to 30-30 and we're on 1.22-1.29, at 40-30 its 1.07-1.16.
Its ridiculous and making it impossible to trade, I've been involved with the tennis markets for years and I'm scaling back now and looking for other avenues, well done Betfair your well on the way to killing the exchange.
Its ridiculous and making it impossible to trade, I've been involved with the tennis markets for years and I'm scaling back now and looking for other avenues, well done Betfair your well on the way to killing the exchange.
This video explains and demonstrates XM (Cross Matching)
https://www.youtube.com/watch?v=Bys1lu-18wo
https://www.youtube.com/watch?v=Bys1lu-18wo
The fill rate on other sports is suffering as well. I've showed Betfair how this is affecting the market, but as long as mug punters use the sportsbook I don't think Betfair are really concerned by it. I guess they are gambling that the sportsbook can offset any decline on the exchange.
I'm looking at Robredo vs Berdych today
This is a Masters 1000 event, live on Sky, and yet with only 2 hours to go until this match starts....there's only £5000 matched!!
Something has gone horribly wrong with the tennis markets - the money has totally disappeared
This is a Masters 1000 event, live on Sky, and yet with only 2 hours to go until this match starts....there's only £5000 matched!!
Something has gone horribly wrong with the tennis markets - the money has totally disappeared
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spreadbetting
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Black Ice wrote:Many thanks Dallas..don't really understand the advantage to BF of this..but then i was always terrible at maths!!
Basically XM only comes into play when the market goes overround/overbroke and Betfair can skim the pennies out of the market without the bets ever seeing the exchange front end.
Problem is that the XM only ever takes from the market, never actually introduces any liquidity or value. In the old days plenty of people would be chasing those overrounds and not all would get them so as well as bringing the markets closer to that 100% on both sides they'd also have the effect of increasing liquidity by the simple fact money would be left up to balance books, sometimes at very advantagous prices for punters. These days it's pointless for any market makers to come along as XM will pretty much front run them at virtually no risk whatsoever.
Still never been clarified as to whether Betfair skim these bets at source without any inplay delays applied too.
Cross matching is present now even if the market is not overbroke.spreadbetting wrote:Basically XM only comes into play when the market goes overround/overbroke and Betfair can skim the pennies out of the market without the bets ever seeing the exchange front end.
There is certainly no inplay delay for the cross matcher, can be seen when it is turned off due to a late non runner in Racing.spreadbetting wrote: Still never been clarified as to whether Betfair skim these bets at source without any inplay delays applied too.
Spotless. BF was beloved because you were able to get prices better than elsewhere, so it was worth waiting. Since Beijing Olympics we have this shit turned on all the time. I agree, that it's worse than Premium Charge, it creates nothing. No value, kills liquidity, its boring to observe the markets with it on.spreadbetting wrote:In the old days plenty of people would be chasing those overrounds and not all would get them so as well as bringing the markets closer to that 100% on both sides they'd also have the effect of increasing liquidity by the simple fact money would be left up to balance books, sometimes at very advantagous prices for punters. These days it's pointless for any market makers to come along as XM will pretty much front run them at virtually no risk whatsoever.
I catched 500 pounds- draw football match @ 1.35 at Matchbook when it was 1.25 at betfair. Old betfair had those opportunities many more in old days.
Their exchange has potential for sure, I believe that they will be first to create real competition for BF. Matchbook have best price in whole industry.
We need a pure exchange, no seeding, no funny business, no corporate monster cocking about with the markets constantly. We just need a normal ECN type arrangement that has worked so well in financial markets. The opportunity is there if somebody wants to do a proper job.