Alot of money matched today

[hgodden]

Must be self matched unless they're compiling the figures differently these days.

As an aside I'd say that racing volumes (i.e. the real volume that we see and use) have held up pretty well so far this winter, OK not enough to build to those kind of figures but certainly feels better to me than in previous winters

[superfrank]

If more money is coming through the market in greater volume, your orders should fill faster. Does that make sense?

isn't "money coming through the market" and volume the same thing?

forgive my stupidity, but i've never understood the difference between fill rate and volume. can you explain the difference?

[Euler]

Volume is how much money is going through the market, fill rate is how quickly you are getting matched.

[andyfuller]

Must be self matched

Unless it has changed, self matching does not increase the amounts being matched. Eg. £1,000 has been matched on the market. I back and lay my own bet of £2,000 the amount matched on the market remains at £1,000.

One of the better things Betfair do as it stops manipulation of the matched amounts as you have to be matched against a different account for it to count.

[hgodden]

Must be self matched

Unless it has changed, self matching does not increase the amounts being matched. Eg. £1,000 has been matched on the market. I back and lay my own bet of £2,000 the amount matched on the market remains at £1,000.

quote]

Sure, when you or I do it. But when you or I self match there's also not anything showing on the streaming volume chart, but we've seen some pretty fishy instances in the past (to say the least) where large bets of many thousands have been matched (i.e. a 4k order that was clearly manipulating the market on the back side was taken and replaced by a 6k order on the lay side to push the price the other way) and which shows up as volume in the streaming charts..... even though they were clearly self matched. Not just once or twice but I bet if you were to look at it you'd see many such instances daily. Hopefully I explained that properly but you probably know what I mean as I think you were the one who first posted about that phenomenon on the forum.

I assume those 'matched bets' are added to the overall volume total, though it's only an assumption as I've never checked it.

[andyfuller]

Yeah I agree about that - my guess for that is people using more than one account perhaps under different names but being 'managed' by the same person. So is ineffect self matching but as far as Betfair are concerned it is separate accounts so it is added to the total.

Or perhaps someone could test to see if it counts towards totals or not when you use two of your own linked accounts to self match - if that counts towards it I would say this is most likely what explains what you describe as that would probably avoid the issue of commission charges.

[Zenyatta]

Someone gone mad with the new automation tools on BetAngel?

[steven1976]

Very interesting post. Ive seen someone openly show off a few accounts with a lot of money. Looking back id say they use multiple accounts for a reason, To build a false impreasion of a market? Id simply suggest to try playing the front of the book 15 mins out and see for yourself. They will self match several thousand just to put you in a loosing position and to create a market when nothing else is there. The beauty of it is they dont even want to lose 50p so they are willing to over expose themselves at times.

[CaerMyrddin]

Is it a coincidence that this started after the site was down to maintenance?

[Iron]

The only thing that is noticeable is that the average volume is higher than normal 123% on the 9th and 143% yesterday.

Could that be accounted for by the type of race, or a higher proportion of low-priced favs?

Jeff

[Iron]

It's possible, but I doubt it.

If someone were to record a video of themselves trading and produce evidence of front running, it would be highly embarrassing for Betfair.

Jeff

The volumes are up but the fill rate seems unaffected? Could it be Betfair mopping up amounts before the rest of us mushrooms get to see them.

[CaerMyrddin]

If someone Jeff...

I've been seeing the strangest things. The australian markets are all over the place, what a mess! It looks as if someone is pushing huge amounts through the market, but someone else already knows what's about to happen. Be alert.

[enzabella2009]

The Leopardstown event wasnt embarrassing already? did it actually effect betfair reputation. Did betfair bother? Yesterday I have shown you betfair response regarding my concerns about the conflict of interests. ( to be honest was my boyfriend to write them) I going to remind you what they wrote.


Betfair: Thank you for your e-mail.

We have no plans to change the current system that we use on the exchange. Any use of the site that you have will be unaffected by any activity that Betfair has on it, I can assure you that there is no conflict of interest.


They are saying if I understood correctly that they are actually active in the market but we should not be concerened because they can assure us their honesty. Am I wrong?

It's possible, but I doubt it.

If someone were to record a video of themselves trading and produce evidence of front running, it would be highly embarrassing for Betfair.

Jeff

The volumes are up but the fill rate seems unaffected? Could it be Betfair mopping up amounts before the rest of us mushrooms get to see them.

[Iron]

Hi Enzabella

That wording is very vague. What do they mean by the 'system'?

Also, they could make massive changes, but still claim that what they wrote was accurate if those changes are within the system.

Jeff

We have no plans to change the current system that we use on the exchange.

[enzabella2009]

Hi, Jeff
you can call me with my real name.
I am not english but the statement is very short and simple for what I understood. They are not denying their activitys in the market, they are claiming not to change such a system ( a bot maybe or trained traders), and there is not conflict of interest despite they are active in the market.
My boyfriend wrote the same e-mail last year concerning their activity in the market but the response was different. They denied their activitys in the market and they asked evidence to prove such claim.

Hi Enzabella

That wording is very vague. What do they mean by the 'system'?

Also, they could make massive changes, but still claim that what they wrote was accurate if those changes are within the system.

Jeff

We have no plans to change the current system that we use on the exchange.