Had a look at Betfair's live tennis markets and they do seem dead. Looks like just one bot operating in all markets and recreational gamblers gone.
On which site is the action these days or have people just moved on a life? Total amounts matched looks really miserable if you compare what it was 10 years ago or even 3 years ago.
Where is tennis liquidity these days?
You're right, there has been a steady decline in tennis liquidity over past several years and it does feel like its even accelerated even more in recent years.
Maybe in part due to Betfair no longer operating in many European countries and their additional security checks they recently introduced
Maybe in part due to Betfair no longer operating in many European countries and their additional security checks they recently introduced
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jamesedwards
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- Joined: Wed Nov 21, 2018 6:16 pm
Some guesses:Leb wrote: ↑Thu Oct 28, 2021 6:28 pmHad a look at Betfair's live tennis markets and they do seem dead. Looks like just one bot operating in all markets and recreational gamblers gone.
On which site is the action these days or have people just moved on a life? Total amounts matched looks really miserable if you compare what it was 10 years ago or even 3 years ago.
> Premium Charge catching up with them as the number of traders forced out of business steadily increases over time.
> Draconian account restrictions for professional traders without 'traditional' income.
> Tennis scoring feeds have become sporadic.
> Betfair operating in less markets.
> Site stability has been poor recently with high frequency of downtime undoubtable burning some fingers.
> Cost of living is expensive right now = less disposable income for casual punters.
> older demograph using exchanges (make what you will, but *natural* wastage)jamesedwards wrote: ↑Thu Oct 28, 2021 7:40 pmSome guesses:Leb wrote: ↑Thu Oct 28, 2021 6:28 pmHad a look at Betfair's live tennis markets and they do seem dead. Looks like just one bot operating in all markets and recreational gamblers gone.
On which site is the action these days or have people just moved on a life? Total amounts matched looks really miserable if you compare what it was 10 years ago or even 3 years ago.
> Premium Charge catching up with them as the number of traders forced out of business steadily increases over time.
> Draconian account restrictions for professional traders without 'traditional' income.
> Tennis scoring feeds have become sporadic.
> Betfair operating in less markets.
> Site stability has been poor recently with high frequency of downtime undoubtable burning some fingers.
> Cost of living is expensive right now = less disposable income for casual punters.
> younger demograph having a real feel for crypto and other virtual markets
in short, betfair have made themselves fashionably [sic] unfashionable. there are easier opportinuites out there to literally make a quick $buck$
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jamesedwards
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Agree, but I strongly believe the day will come where Betfair is facing real competion from newer innovative exchanges that put customers first, attracting more customers to betting exchanges.jamesedwards wrote: ↑Thu Oct 28, 2021 11:37 pmThe trouble is with more exchanges you might increase the overall volume but you have to spread the liquidity even thinner across multiple platforms.
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jamesedwards
- Posts: 2315
- Joined: Wed Nov 21, 2018 6:16 pm
Betfair Exchange failed in the States probably because they had to charge something like a 15% commission due to state tax laws and levies. There's no point in an exchange with that sort of commission. As a bettor you might as well stick with the parimutuel or sports book that you understand.
Factors are:
1) decreased market delay from 5 to 3 sec. This made it impossible to leave money in the market as soon as a point is being played and only helped the "one big bot" and the very few remaining courtsiders. (Of course, this helps between points, but takes away all the liquidity when a point is being played).
2) Tennis reduced the time between points by a lot in the last couple of years and at the same time, fast pictures became - mostly - unavailable. Just compare Amazon streams vs analog BCC pictures 10 years ago. Back then everybody had access and this brought a lot of money to the market.
3) Russia, Germany, the Netherlands, etc are not allowed to use Betfair anymore. Especially the money from Russia with "a variety of sources" is missing.
4) If you are in the long run losing money (which is true for 90% plus ), you will never be limited on traditional bookmakers. So you don't have any motivation to search for alternatives. But you need a constant flow of "loser money" to keep markets alive.
5) The exchange on Betfair and even more Betdaq are not cash cows for the companies. Neither of them is investing in the exchange products anymore. Without the premium charge - I think - there wouldn't even be an exchange on Betfair anymore.
6) Betting on exchanges - like everything - has become much more professional and automated. Efficiency kills margins and drives out the "smaller guys".
7) Betting is a zero-sum game (with the negative costs of Commission, Premium Charge, transaction fees, etc). Neither the governments nor the betting-companys need anyone wining money on the platforms to make money. So the decision makers have no interest in a successful exchange
1) decreased market delay from 5 to 3 sec. This made it impossible to leave money in the market as soon as a point is being played and only helped the "one big bot" and the very few remaining courtsiders. (Of course, this helps between points, but takes away all the liquidity when a point is being played).
2) Tennis reduced the time between points by a lot in the last couple of years and at the same time, fast pictures became - mostly - unavailable. Just compare Amazon streams vs analog BCC pictures 10 years ago. Back then everybody had access and this brought a lot of money to the market.
3) Russia, Germany, the Netherlands, etc are not allowed to use Betfair anymore. Especially the money from Russia with "a variety of sources" is missing.
4) If you are in the long run losing money (which is true for 90% plus ), you will never be limited on traditional bookmakers. So you don't have any motivation to search for alternatives. But you need a constant flow of "loser money" to keep markets alive.
5) The exchange on Betfair and even more Betdaq are not cash cows for the companies. Neither of them is investing in the exchange products anymore. Without the premium charge - I think - there wouldn't even be an exchange on Betfair anymore.
6) Betting on exchanges - like everything - has become much more professional and automated. Efficiency kills margins and drives out the "smaller guys".
7) Betting is a zero-sum game (with the negative costs of Commission, Premium Charge, transaction fees, etc). Neither the governments nor the betting-companys need anyone wining money on the platforms to make money. So the decision makers have no interest in a successful exchange
Think latency has got to do with it, Betfair video used to be within the 5 seconds bet placement delay and other channels like amazon are way delayed as well making it hard to trade efficently.
You dont see much decline in other sports.
You dont see much decline in other sports.