I enjoyed that post as well.jamesedwards wrote: ↑Fri Jun 02, 2023 1:15 ammotorhead wrote: ↑Fri Jun 02, 2023 12:09 amI'll have another go at it; Betfair is a website on the internet, a global computer network providing a variety of information and communication facilities, consisting of interconnected networks using standardized communication protocols.
This betfair website was created to have users exchange bets instead of the classic bookmakers that took the action against the punters, hence why it was also known as betfair exchange.
Growing up and expanding their business, as a company, at some point in their history they decided to also take action and act as a regular (online) bookmaker, meaning when you make a winning bet they would then pay you out of their pockets so to speak.
Now, because bookmakers usually don't like to lose money, they tend to get pissed when someone is regularly winning against them, which brings us back to your original question 'Why would Betfair care if you are taking advantage on a market?', to which the answer is: becaue they would then lose money.
Back to the tennis subject, this company called betfair, offers markets on all sorts of sports and games, from snooker to american football, you name.
Among the sports offered there is this game called tennis, invented in England back in the late 19th century.
To assign a winner a player has to win single points, games, sets and finally the match.
Betfair sportsbook offers options to bet on such markets, specifically the winner of a single point, the game winner, the set winner and of course also the winner of the match.
When placing a bet during a match that is in progress we call that a live bet, but this kind of bets, unlike the pre-match bets does come with a delay between the moment we make our selection and the time such bet is accepted.
Live bets delays do vary between sports, also the same sport can have different delay times depending on the specific market we want to bet on.
In the OP, which stands for Original Post, I was inquiring about other accounts' delays since I noticed my account has bee subject to changed in such delays during the course of my use of the website Betfair.
Oh one more thing: this is how the men's professional tennis circuits are structured:
at the top we have slams, they consist of the following tournaments: Australian Open, French Open, Wimbledon, US Open.
Below these we have in decreasing order of points assigned for the win: the masters 1000 tournaments, then 500, 250, and then the so called challenger tournaments which assign less then 250 point to the winner. Below those we have futures tournament, they are names after the prize miney as well so for example a M15 means there is a 15,000$ prize money for the whole tournament.
I enjoyed the post.
I'd be surprised if Betfair had the functionality or motivation for individual account specific bet delays on Sportsbook. Wouldn't they just limit your account like everyone else? I don't know anyone on here who uses it, but perhaps someone else will know.
Yes, on the sportsbook, they limit you to bets of £0.00. Quite patronisingly, they send you an email advising you to use the exchange and explain how it works. I was literally robbing them by placing sportsbook bets on US racing and arbing them on the exchange. It was great while it lasted, you didn't even need to reload funds because they both used the same wallet.
Back to the delays, one of Betfair's key principles on the exchange is fairness, making sure bets are queued and matched on a first come first serve order. That's the reason for the delay, to level the playing field so it would be bizarre if they skewed delays for certain accounts.
