Market takers only ever bet if there are bets on display and at the moment the x-matcher takes away so much liquidity by matching prices off camera, so to speak. That liquidity never sees light of day on the exchange itself. Bets coming to the market outside the matcher's over-round/under-round book and landing without a delay should hopefully at least increase the impression of liquidity and give market takers something to aim for.
PASSIVE BET DELAY
They really should do something about it, some of the bet delays in football are stupid long. It's beyond annoying trying to trade around it, not to mention the additional mental delay after you've had a few drinks. Derek will know what I'm talking about!
When I've had a few drinks, 12 seconds = -5 minutes, when you remember you've opened a trade.
I placed a passive 3-figure back bet on the Reading/Bournemouth match and while I sat and waited, a 4-figure lay flashed once or twice at the same price. I'd like to think under the new proposals there'd be a better chance of my bet being matched (if it was submitted milliseconds before the flasher) but I suspect the flashers will go elsewhere, like dark alleyways in the early hours.
I've often wondered why people do it but now it makes sense: take if still available but don't leave as an offer. And I've just compared half the forum to flashers.
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ShaunWhite
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Strictly speaking all FOK orders cancel instantly if they're not matched on arrival, but some parts of the sports betting world have hijacked the term to describe orders that expire/auto cancel.
Betfair facilitate both, although I'm not sure why/if true FOKs ever appear as being unmatched because they never actually are.
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Obvs we would all like more market takers == fish. Customer acquisition is very expensive and we win at far too fast a rate...hence PC. Does this experiment encourage the bigger fish to go head to head?
All relative but BF seem more engaged with exchange customers now than 3+ years ago. Not talking to old customers =! no interest in the exchange.
All relative but BF seem more engaged with exchange customers now than 3+ years ago. Not talking to old customers =! no interest in the exchange.
ShaunWhite wrote: ↑Sun Oct 31, 2021 1:24 amStrictly speaking all FOK orders cancel instantly if they're not matched on arrival, but some parts of the sports betting world have hijacked the term to describe orders that expire/auto cancel.
Betfair facilitate both, although I'm not sure why/if true FOKs ever appear as being unmatched because they never actually are.
Screenshot_9.jpg
Most people use off the shelf software to place their fill and kill bets and I doubt many are coded to use the Timeinforce parameter, as that's relatively new. Most software would need the betId to then send a Cancel request for their 0 fill/kill functions.
The min fill size worries me a bit.
Does this mean, that an order that sends a min fill size of say 50k, will get nothing matched unless 50k is available on the exchange ?
When did this min fill size parameter become operational ?
There is a team sweeping up 100k orders on the T0 world Cup cricket, getting filed after 2 secs.
I wonder if they are submitting bets 3 secs before action (having sub-accounts fill liquidity), which they cancel if they dont want the bet, as limit isnt met.
Does this mean, that an order that sends a min fill size of say 50k, will get nothing matched unless 50k is available on the exchange ?
When did this min fill size parameter become operational ?
There is a team sweeping up 100k orders on the T0 world Cup cricket, getting filed after 2 secs.
I wonder if they are submitting bets 3 secs before action (having sub-accounts fill liquidity), which they cancel if they dont want the bet, as limit isnt met.
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I've done some work for bodies related to integrity and have seen direct evidence that 'insiders' are using this sort of technology to their advantage. Whether it is still going on is difficult to know. but it's like jelly. It's difficult to stamp on.
Way back people worked out a loophole in football betting like this.megarain wrote: ↑Mon Nov 01, 2021 12:39 amThere is a team sweeping up 100k orders on the T20 world Cup cricket, getting filed after 2 secs.
I wonder if they are submitting bets 3 secs before action (having sub-accounts fill liquidity), which they cancel if they dont want the bet, as limit isnt met.
When did min fill size come in ?
Sceptics would say Betfair are in cohorts with teams doing this, as they get 40% PC.
Sceptics would say Betfair are in cohorts with teams doing this, as they get 40% PC.