Jeff
Zapata wrote:I wonder if they have to contend with the same built in delays that the rest of us have to.
Do Betfair Trade ?
I hope they give themselves an in-play delay, as otherwise they are giving themselves an unfair advantage and abusing their position...
Jeff
Jeff
Here you go Jeff, should have gone to specsaversfreddy wrote:The Gambling Commission has had under consideration a change to Betfair's practices introduced on 18 February 2008 under which Betfair General Betting Limited (BGB), a company in the Betfair group, accepted customers' bets on the Betfair Exchange in connection with a process called ‘cross matching'.
Cross matching extended the bet matching process to permit matching across different selections in the same market, with BGB acting as counterparty to allow customers' bets to be matched. Cross matching was introduced without informing customers in advance. BGB made revenues of approximately £300,000 from the inception of cross matching until the end of March 2008.
The directors of Betfair have announced today that they regret that customers were not informed of this change before it was introduced. They have given an assurance that, in future, customers will be notified of changes in practice in advance unless Betfair's general terms and conditions clearly permit a change to be introduced without prior notification.
One of the Commission's objectives is to secure that gambling is conducted fairly and openly. Although the introduction of cross matching did not breach the terms of Betfair's or BGB's licence, the Commission welcomes the assurance given by Betfair in the announcement today and considers its enquiries into this matter closed.
Most reassuring!freddy wrote: (From article) [Betfair] have given an assurance that, in future, customers will be notified of changes in practice in advance unless Betfair's general terms and conditions clearly permit a change to be introduced without prior notification.
I'm sure their T&C's give them very little leeway at all...
[/quote]freddy wrote:Here you go Jeff, should have gone to specsavers
Very funny!
Jeff