+1spreadbetting wrote: ↑Tue Jun 05, 2018 11:33 amThey're obviously in a catch 22 situation having to appease their market makers with restrictions to the API
Which is why I have doubts about them posing a serious threat to Betfair.
+1spreadbetting wrote: ↑Tue Jun 05, 2018 11:33 amThey're obviously in a catch 22 situation having to appease their market makers with restrictions to the API
This isn't a financial exchange, it's a sports betting exchange and it certainly doesn't happen on Betfair.
If I can lose £5,000 because I didn't know that an opening or exit trade is going to be voided, even if it is in very very very rare circumstances, I simply wouldn't have anything to do with that exchange.
Why isn't it a financial exchange? It trades event future contracts. Also what difference does it make sports vs finance?Derek27 wrote: ↑Wed Jun 06, 2018 9:07 pmThis isn't a financial exchange, it's a sports betting exchange and it certainly doesn't happen on Betfair.
If I can lose £5,000 because I didn't know that an opening or exit trade is going to be voided, even if it is in very very very rare circumstances, I simply wouldn't have anything to do with that exchange.
I'm sorry, I thought you would have a basic understanding of how trading works!!
https://help.smarkets.com/hc/en-gb/arti ... ets-PolicyIn addition to recent execution prices and prices available on other platforms at the time the bet was matched, Smarkets may also consider a number of additional factors when deciding whether a bet is clearly erroneous.
These include, but are not limited to, system malfunction, the volatility of the contract, new information becoming available in the public domain that may significantly alter the price (such as team news for a football match), whether the result of the bet had been unconditionally decided before a complaint was raised, whether betting on the market was recently halted and resumed, the start price of the selection and if the complainant had taken any steps to limit their exposure to the erroneous bet.