The rise of betdaq
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Fantastic opportunity thrown up on the 2nd race at Goodwood
Still doing lots of work in the background but here are my thoughts on the post 18/7 Betdaq markets.
I'm pretty positive that the increase in liquidity has made Betdaq much more tradable. In the past I'd limited my activity to clear cut opportunties where I would stand a good chance of a +ve trade but now I'm willing to have a go at all markets and I am generally getting some from them. Still some way to go to match Betfair but way better than before. If you look at this week, I've been able to gain a lot of consistancy and even the tail end of the card can still produce a decent result: -
Some curiosities we have discovered since analysing the markets in depth.
The overall fill rate is higher on Betdaq. Some of this can be explained by a bit of 'gappyness' in the market. But if you put a make market order into Betfair it takes an average of 13 seconds to fill these orders. On Betdaq it takes less than six seconds on average. There is a stronger differential at the centre of the market which took some getting used to, but once you have a bit of practice you can cope with this.
Average unmatched bet volume on Betdaq is in the range of 25-35% of the money you see on Betfair. Because we don't have volume by runner on Betdaq we can't work out the £ fill rate just yet.
Average matched per race is rising currently. We will keep an eye on things to see if this continues. I'm encouraged that there is some momentum on Betdaq, but still a long way to go.
I'm pretty positive that the increase in liquidity has made Betdaq much more tradable. In the past I'd limited my activity to clear cut opportunties where I would stand a good chance of a +ve trade but now I'm willing to have a go at all markets and I am generally getting some from them. Still some way to go to match Betfair but way better than before. If you look at this week, I've been able to gain a lot of consistancy and even the tail end of the card can still produce a decent result: -
Some curiosities we have discovered since analysing the markets in depth.
The overall fill rate is higher on Betdaq. Some of this can be explained by a bit of 'gappyness' in the market. But if you put a make market order into Betfair it takes an average of 13 seconds to fill these orders. On Betdaq it takes less than six seconds on average. There is a stronger differential at the centre of the market which took some getting used to, but once you have a bit of practice you can cope with this.
Average unmatched bet volume on Betdaq is in the range of 25-35% of the money you see on Betfair. Because we don't have volume by runner on Betdaq we can't work out the £ fill rate just yet.
Average matched per race is rising currently. We will keep an eye on things to see if this continues. I'm encouraged that there is some momentum on Betdaq, but still a long way to go.
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Dear Member,
1 bet is basically betdaq acting as the bookmaker which makes the odds shorter because you are not betting against other people, please note 1 bet is also commission free which in theroy can make up for the prices being shorter also.
Regards
The Betdaq Team
1 bet is basically betdaq acting as the bookmaker which makes the odds shorter because you are not betting against other people, please note 1 bet is also commission free which in theroy can make up for the prices being shorter also.
Regards
The Betdaq Team
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
So the bets are not going to be offset into the exchange, Betdaq are just going to become a bookmaker?
At a time when you need money to be driven to the exchange this is a crazy move if the money doesn't flow into the exchange.
At a time when you need money to be driven to the exchange this is a crazy move if the money doesn't flow into the exchange.
When you load the site up you clearly get a choice betweeen the two. Prices are obviously better on the exchange, only an idiot would use the new service.
Don't forget what it was like before betfair introduced the betfair SP, there was worries that it would destroy the exchange and it certainly didn't.
Don't forget what it was like before betfair introduced the betfair SP, there was worries that it would destroy the exchange and it certainly didn't.
If I'm not mistaken, Betfair's SP betting is still against other punters. They have some algorithm in place which works out the SP odds based on the amount of SP money on the back and lay sides of each selection.hgodden wrote:Don't forget what it was like before betfair introduced the betfair SP, there was worries that it would destroy the exchange and it certainly didn't.
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rogerpalmtree
- Posts: 97
- Joined: Fri Apr 17, 2009 3:56 pm
Guys I don't think this is anything to worry about. As far as I can tell all they are doing is laying a price themselves and then backing at a slightly higher price on their exchange. So its not a "real" bookmaking service. If you look at 1Bet then the prices exactly mirror the exchange, (minus a tick or two), as does the amount you can bet on any selection. I think this is the same as the bookmaking services their sister companies (32 red and bet chronicle) offer. I just placed a 5 pound experimental bet through 1bet and at the exact time I placed it a fiver was taken off the exchange market.