Do you always get the best available price on Betdaq?

[jamesedwards]

I've completed a 90-day trial adding some horse race in-running business to Betdaq.

Although profitable, I've found the marginal profit is lower than I would get by increasing stakes at Betfair, even taking account their 40% premium charge. If I was consistently getting matched at the prices showing then it would be a different story so would absolutely revisit in the future if a problem is found and fixed.

[Betdaq]

Not a BetAngel user (have trialed it in the past, hence the forum username; forgive the intrusion) but this thread came up during a Google search and it caught my eye.

I've recently started trading the cricket on Betdaq and for the last few days it has 100% felt as though someone has access to the queue. I'm using another application, and frequently there will be a tick or two between my custom column click and what's available on the screen, eg market to lay is at 1.2, my custom column is 1.22. Sometimes it might be three or four ticks, if my timing is off. What seems to be happening is if this is detected during the countdown, the market drops out late on and I match at the actual odds I was offering, rather than what was on offer, before returning to where it was before.

There was one instance in the Welsh Fire v London Spirit Women's game recently finished where I didn't even see the market drop out (better price available during countdown, better price available after countdown), but I certainly didn't get what I would consider to be best execution.

I accept the market is in a constant state of flux, but I have no time advantages (pics or info) and would expect to get what I am asking for FAR more frequently than I am at present....

The other thing that is HUGELY frustrating is the lack of cross-matching (I never thought I'd say that) on two-way markets, and it must be costing BD massively in terms of bets that simply never get matched....

I digress.... The main crux of my post is what I've been experiencing the last few days....

Can you send me your username?

[Emmson]

Not a BetAngel user (have trialed it in the past, hence the forum username; forgive the intrusion) but this thread came up during a Google search and it caught my eye.

I've recently started trading the cricket on Betdaq and for the last few days it has 100% felt as though someone has access to the queue. I'm using another application, and frequently there will be a tick or two between my custom column click and what's available on the screen, eg market to lay is at 1.2, my custom column is 1.22. Sometimes it might be three or four ticks, if my timing is off. What seems to be happening is if this is detected during the countdown, the market drops out late on and I match at the actual odds I was offering, rather than what was on offer, before returning to where it was before.

There was one instance in the Welsh Fire v London Spirit Women's game recently finished where I didn't even see the market drop out (better price available during countdown, better price available after countdown), but I certainly didn't get what I would consider to be best execution.

I accept the market is in a constant state of flux, but I have no time advantages (pics or info) and would expect to get what I am asking for FAR more frequently than I am at present....

The other thing that is HUGELY frustrating is the lack of cross-matching (I never thought I'd say that) on two-way markets, and it must be costing BD massively in terms of bets that simply never get matched....

I digress.... The main crux of my post is what I've been experiencing the last few days....

Honestly this has mirrored my own experience in the cricket markets. That 2nd paragraph

[ikky]

Yes, I have now had experience of seeing the exact same.

The reason it’s so blatant in cricket markets is the lack of traders/offers.

Pretty much 95% of the time it’s just a bot, copying Betfair.

So, if Betfair is 1.59 to back, 1.60 to lay - Betdaq might be 1.58/1.60. If you try to back at 1.57 you might get matched at 1.58. Thou sometimes the Betdaq offer expires on a refresh.

If you try to lay 1.60 the offer on Betdaq will generally expire. If you have entered to lay at 1.62 for example, the 1.60 disappears and u only get matched at 1.62 when the bot refreshes.

[jamesedwards]

It's been some time since I complained about this. I assume nothing can be done and one just has to suck it up or stop trading on Betdaq.

But this one really took the biscuit!

£100 back bet placed in-running @ 1.05. Matched at 1.05 despite much bigger prices being available throughout the bet placement period.

Screengrabs at point of bet placement (top) and at point of bet match (bottom):

v21.png

Video:

Son of red.mp4

How....?
What....?
Why....?

[megarain]

Yeah, I have seen the same thing happen in cricket markets.

I have withdrawn all funds and walked away.

They talk a good game, but the irritation of compliance and non-action on this has tipped me over the edge.

GL

[ANGELS15]

Reading through all these posts brought back a memory of a bet I placed on Betdaq many years ago. Unfortunately I can't be specific due to the timescale. Basically I was trying to back a horse at odds of around 12.0 and I submitted my bet at odds of 2.0 thinking I'd beat the queue and be matched first. Imagine my amazement when I was immediately matched at 2.0!. The 12 had gone but the odds never dropped below 10 which was what was showing when I got matched at 2.0. The odds then bounced back up to 12.0 within a few seconds.

[Anbell]

It is very difficult auditing this stuff. jamesedwards has done amazing work here.

[Naffman]

Shocking in all honesty, either BD have just overlooked this issue (but how can they when the OP has raised this issue many times) or its pretty much theft.

We should complain on their Trustpilot rating, then it'd get sorted I reckon as it seems to be the main factor they care about

[Kai]

Reading through all these posts brought back a memory of a bet I placed on Betdaq many years ago.

At this point, it sounds more likely to be intentional rather than a result of their inability to resolve the issue.

Either way, it's not a great look.

[Kai]

Shocking in all honesty, either BD have just overlooked this issue (but how can they when the OP has raised this issue many times) or its pretty much theft.

And if it's some ingenious ploy or side effect to disincentivize market takers I would say it's working!

[mathsnerd]

Has betdaq made any further comment on this to anyone involved? Was thinking of trying to put some money through there but if there is truth to this there is no chance I will risk it.

[jamesedwards]

Has betdaq made any further comment on this to anyone involved? Was thinking of trying to put some money through there but if there is truth to this there is no chance I will risk it.

No further comment from Betdaq.

I would say it depends on your trading. I still trade there as I am profitable despite the issues (plus I still pay 40% charge at Betfair). But undoubtedly if the engine behaved correctly I would be more profitable. It feels to me that failure occurs towards the end of races when prices and liquidity are at their most volatile, so you may not be affected if you are trading outside of these periods.

[mathsnerd]

Has betdaq made any further comment on this to anyone involved? Was thinking of trying to put some money through there but if there is truth to this there is no chance I will risk it.

No further comment from Betdaq.

I would say it depends on your trading. I still trade there as I am profitable despite the issues (plus I still pay 40% charge at Betfair). But undoubtedly if the engine behaved correctly I would be more profitable. It feels to me that failure occurs towards the end of races when prices and liquidity are at their most volatile, so you may not be affected if you are trading outside of these periods.

Unfortunately, this is exactly when I would be looking to get stuck in. Sounds too risky at this point in time. I'll wait and see if Betdaq rep updates on this issue in this thread.

[Naffman]

This just sounds really bad from BD and doesn’t give me a whole lot of confidence in their transparency as a whole. Like if they do this what else are they doing that hasn’t been found/raised yet.