Cross matching

The sport of kings.
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Given that cross matching is only applied post-off (http://www.betangel.com/blog_wp/2010/03 ... -matching/), does it affect the way the markets operate pre-off?

Jeff
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mugsgame
Posts: 1235
Joined: Wed Mar 25, 2009 11:41 pm

This is incorrect Jeff

Cross matching is being applied Pre Play AND In Play.
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Thanks Steve

Betfair have done at terrible job at publicizing this new development. If you Google 'cross matching Betfair', pretty much the only articles you get that were published this year are from Peter's blog...

Does cross matching apply to laying as well as backing, eg if I wanted to lay a particular horse for a stake of a grand, but only £900 was available, would the cross matching facility back the rest of the field to achieve the same effect?

Jeff
mugsgame wrote:This is incorrect Jeff

Cross matching is being applied Pre Play AND In Play.
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LeTiss
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Joined: Fri May 08, 2009 6:04 pm

I would advise people to untick the BA box with regards to showing Betfair's virtual cross matching figures.
If you keep it ticked it can seriously distort the true WOM.
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Euler
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Cross matching has completely confused a lot of people. In market terms it has altered the rate at which orders fill so that has added to the confusion, orders often fill when they shouldn't and often don't when you think they should. It's particulary dominant in certain types of markets. Everything worked just fine before so I don't know why Betfair had to change it.
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Iron
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Joined: Fri Dec 11, 2009 10:51 pm

Has cross matching been applied to both the win and place markets?

Jeff
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Innertube
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Joined: Mon Mar 14, 2011 9:18 am

Euler wrote:Everything worked just fine before so I don't know why Betfair had to change it.
Simple answer, so they can cream more money off punters without people realising.
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jimrobo
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Euler wrote:Cross matching has completely confused a lot of people. In market terms it has altered the rate at which orders fill so that has added to the confusion, orders often fill when they shouldn't and often don't when you think they should. It's particulary dominant in certain types of markets. Everything worked just fine before so I don't know why Betfair had to change it.
I'm guessing this is what has changed the underlying market recently then in terms of fill rate in general for the pre race markets?
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SilentDave
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Joined: Wed Jan 20, 2010 11:30 am

And presumably why the markets seem more "swingy" these days.
To my eyes it seems very rare to see a true scalping market currently.
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