I've noticed a problem in some of the markets on the exchange, in the "Politics" category.
These markets generally take long periods of time, even after the event has ended, and the problem is that, sometimes, right before the market being suspended and closed, all the safe bets are matched.
An example: Macron won the elections in France, and Le Pen lost them. In the market there are aprox 50 EUR on Le Pen at odds 1000. This is obviously from some people who want to get out of the market. To match that amount, you need about 50,000 EUR. The amount stays there for a long time. A few seconds before the market is suspended, the entire amount is suddenly matched. So someone is making a profit of EUR 50 extremely fast. I suspect that in collaboration with a Betfair employee.
Has anyone else noticed such situations?
Suspicious Safe Bets Matching Before Market Close
Betfair trading & Punting on politics. Be aware there is a lot of off topic discussion in this group centred on Political views.
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