Have your say on the future of BETDAQ

The purple place, the most viable alternative to the Betfair exchange
Post Reply
User avatar
mugsgame
Posts: 1235
Joined: Wed Mar 25, 2009 11:41 pm

Mt - I heard a rumour that man has landed on the moon :mrgreen:
Top
User avatar
Euler
Posts: 24816
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

If anybody is interested in doing volume on Betdaq then I am sure they will be interested in speaking to you.
Top
User avatar
jimrobo
Posts: 1289
Joined: Wed Mar 25, 2009 12:49 pm

how much volume is volume if that makes sense???
Top
User avatar
Euler
Posts: 24816
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

If you can trade millions then I'd imagine that would be interesting.
Top
User avatar
jimrobo
Posts: 1289
Joined: Wed Mar 25, 2009 12:49 pm

I do on betfair. only small on betdaq though. If I didn't get blacklisted mid position/have a slightly higher refresh I'd probably be slightly more confident with higher stakes on betdaq.
Top
steven1976
Posts: 1744
Joined: Tue Jan 19, 2010 6:28 am

what do you mean by black listed?
What benefits can you get on betdaq by speaking to them. Commisions are basically non existant anyway, arent they?
Top
User avatar
jimrobo
Posts: 1289
Joined: Wed Mar 25, 2009 12:49 pm

you get blacklisted for 60 seconds if you call their api too many times. Fine in principle but when it happens and you are mid position and theres only 30 seconds to go you are in trouble!!!
Top
freddy
Posts: 1132
Joined: Sun Aug 01, 2010 8:22 pm

Ive never had this problem as im quite economical with my calls, but it does sound a ridiculous way of dealing with the issue and really does need looking at :twisted:.

even Betfair's method is better alternative to this.
Top
Wainwright
Posts: 108
Joined: Mon Jan 23, 2012 1:10 pm

Crikey - definitely add that to the list :o
Top
Whopper
Posts: 12
Joined: Wed Apr 22, 2009 3:26 pm

_PP_ wrote:
mpendle wrote:
_PP_ wrote:The 2 exchanges have different ways of calculating matched volume, so you would need to take that into account before making comparisons.
You're right. But it's the only indicator you have to gauge any sort of liquidity between both exchanges. I think I can assume that a change in this 5% relationship will mean more or less money into the market.

Cheers
What are the differences?

Any web to see what are the formulas for each one and understand it?
Top
PeterLe
Posts: 3715
Joined: Wed Apr 15, 2009 3:19 pm

jimrobo wrote:you get blacklisted for 60 seconds if you call their api too many times. Fine in principle but when it happens and you are mid position and theres only 30 seconds to go you are in trouble!!!
Hi
I had exactly the same problem.
I adapted a spreadsheet that I had used on Betfair for the past six years or so and ran it on Betdaq.
Midway through the first race it was black listed.
I then entered into a number of email with the API team. They explained that my "Combined Payload" was set at 600 calls/Minute (I expect this was quite low as I rarely used Betdaq).
..and here is the interesting thing..
Unlikely Betfair, the API were prepared to negotiate with me to rest my limit. I was asked a number of questions primarily based on how much commission I was/expected to generate, turnover etc.
They raised my "Combined Payload" as a result.

As it happened, the auto stuff I wanted to run didn't work anywhere near as well as on betfair so I have shelved that until it picks up in terms of liquidity...

Anyway the message is; if you put a lot through the exchange, talk to the API team and see if they can do something for you to prevent your account being locked and leaving you high and dry
Regards
Peter
Top
User avatar
jimrobo
Posts: 1289
Joined: Wed Mar 25, 2009 12:49 pm

I have had my price calls raised but they would'nt budge on the bet calls. The problem is if I fire say 2 bets really quickly they add that to my bet calls! I got really stung last cheltenham with it.

Anyway I won;t put big volume through while I have this problem and I'm guessing they won't want to start raising my limits until they see I can put more volume through so its at a bit of a stalemate!
Top
PeterLe
Posts: 3715
Joined: Wed Apr 15, 2009 3:19 pm

Jim
They put me on a months trail based on an expected level of activity, so you could try that approach.
In fairness; they seemed really approachable to me and at one point they were more keen that I was.
Maybe give them another try?
Regards
Peter
Top
User avatar
jimrobo
Posts: 1289
Joined: Wed Mar 25, 2009 12:49 pm

yeh I might give them an email!

It all depends on liquidity too. When I tried to up my liquidity on BD last time it was the premium charge stuff. It was ok but it was too thin to really trade at full speed. The volume I can put through is still relative to the total liquidity in the market.
Top
mpendle
Posts: 38
Joined: Wed Apr 15, 2009 9:09 pm

Whopper wrote:
mpendle wrote:The 2 exchanges have different ways of calculating matched volume, so you would need to take that into account before making comparisons.
What are the differences?

Any web to see what are the formulas for each one and understand it?
Betfair's total matched is the backers stake of a bet x 2.
Betdaq's is the sum of the total liability of the bet on either side.
For example a £100 at 1.10 would be £110 matched on Betdaq and £200 matched on Betfair.
A £1000 bet at 2.00 would be £2000 matched on Betdaq and £2000 matched on Betfair.
A £10 bet at 11.00 would be £110 matched on Betdaq and £20 matched on Betfair.

I believe this is correct, but happy to be corrected if not.
Top
Post Reply

Return to “Betdaq exchange”