But it could be way easier. A bit like in the stock market, they could have a cleaner and more attractive interface with a 'punters's' view and the bets would be placed at the best available price.They probably would have if it were simple but there is no getting away from the fact that it is far more complicated than betting with a normal bookmaker. Also place a bet with a bookmaker and your bet is on, with Betfair it isn't always quite so easy.
Betfair to do fixed odds betting sportsbook
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CaerMyrddin
- Posts: 1271
- Joined: Mon Sep 07, 2009 10:47 am
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enzabella2009
- Posts: 747
- Joined: Tue Nov 03, 2009 3:58 pm
My friends already backing the fixed odds for more then 2 years..
https://www.betfair.it/
Below here you find the reason:
Pursuant to the Decree of the State Monopolies Autonomous Administration (AAMS) on January 2, 2007, governing the removal of cases offered in the absence of authorization, through computer network, games, lotteries, betting or pools winnings with cash, with which art has been implemented. 1, paragraph 50, of Law December 27, 2006, No. 296, the requested site is not accessible because it lacks the necessary permissions to operate the collection of games in Italy.
The list of authorized operators to electronic game is available on the corporate website http://www.aams.gov.it.
P.S. Betfair has the rights to regulate the exchange within the Italian territory but, chose not to see, not to hear and not to bring the betting exchange within the Italian territory. Despite Italian bureaucracy tends to kill foreign investment, there is always the European community that has allowed the regularity of online gambling with the latest release of the green paper which regulates the gambling within the european territory. If Betfair decided to legalize their activity within some European countrys (France, Italy, etc etc) the Liquidity available in the sport market exchange will probably increase up to 200% or more.
Do not take this news as truth certain. There are informations that hard to find even on the web so it is difficult to define with certainty the true reason why Betfair can not legalize their activities in some European countries or if they really choose not use their rights to regulate betfair exchange.
https://www.betfair.it/
Below here you find the reason:
Pursuant to the Decree of the State Monopolies Autonomous Administration (AAMS) on January 2, 2007, governing the removal of cases offered in the absence of authorization, through computer network, games, lotteries, betting or pools winnings with cash, with which art has been implemented. 1, paragraph 50, of Law December 27, 2006, No. 296, the requested site is not accessible because it lacks the necessary permissions to operate the collection of games in Italy.
The list of authorized operators to electronic game is available on the corporate website http://www.aams.gov.it.
P.S. Betfair has the rights to regulate the exchange within the Italian territory but, chose not to see, not to hear and not to bring the betting exchange within the Italian territory. Despite Italian bureaucracy tends to kill foreign investment, there is always the European community that has allowed the regularity of online gambling with the latest release of the green paper which regulates the gambling within the european territory. If Betfair decided to legalize their activity within some European countrys (France, Italy, etc etc) the Liquidity available in the sport market exchange will probably increase up to 200% or more.
Do not take this news as truth certain. There are informations that hard to find even on the web so it is difficult to define with certainty the true reason why Betfair can not legalize their activities in some European countries or if they really choose not use their rights to regulate betfair exchange.
Anyone know what the latest is with this?
The original article I posted (http://www.bloomberg.com/news/2011-10-2 ... -says.html) said that the service was due to be launched this month, but I haven't heard anything on the forum about it.
Perhaps it might explain some of the erratic moves people have been reporting, if Betfair are experimenting with playing with the markets for their own ends...
Jeff
The original article I posted (http://www.bloomberg.com/news/2011-10-2 ... -says.html) said that the service was due to be launched this month, but I haven't heard anything on the forum about it.
Perhaps it might explain some of the erratic moves people have been reporting, if Betfair are experimenting with playing with the markets for their own ends...
Jeff
Under "Bet History" in the account page we now appear to be able to list "Sportsbook" bets that we've placed. No other reference to it seems to appear on the site yet, but I presume the release is fairly imminent given the feature was added a week or two ago.
See viewtopic.php?f=15&t=5828.
See viewtopic.php?f=15&t=5828.
One thing I've noticed today is that there have been a couple of fairly low-priced horses that have drifted and drifted, only to come in massively in-play (Shubaat in the 15:50 being an example).
I wonder whether this is because Betfair are manipulating the market to cause other horses to steam in. If Betfair are going to become a bookmaker, then creating false favourites could be a useful skill to have...
Jeff
I wonder whether this is because Betfair are manipulating the market to cause other horses to steam in. If Betfair are going to become a bookmaker, then creating false favourites could be a useful skill to have...
Jeff
Ditto Sieglinde in the 16:05. Has anyone else noticed this phenomenon?
Jeff
Jeff
Ferru123 wrote:One thing I've noticed today is that there have been a couple of fairly low-priced horses that have drifted and drifted, only to come in massively in-play (Shubaat in the 15:50 being an example).
not noticed anything unusual. that 16:05 siegland not won in over 30 starts. its trainer tim vaughan as a good record of taking such horses on, and doing well with them on thier first time out for him.
so reckon it was just punters seeing a first time out for vaughan. did not watch so i dont know really, just an assumption.
so reckon it was just punters seeing a first time out for vaughan. did not watch so i dont know really, just an assumption.
Possibly.
Maybe I'm seeing things that aren't there because of all the talk of market manipulation, but I do get the feeling that there have been some big drifts today...
I bet Ugo in the 16:35 comes in considerably in-play, if not before...
Jeff
Maybe I'm seeing things that aren't there because of all the talk of market manipulation, but I do get the feeling that there have been some big drifts today...
I bet Ugo in the 16:35 comes in considerably in-play, if not before...
Jeff
to75ne wrote: so reckon it was just punters seeing a first time out for vaughan. did not watch so i dont know really, just an assumption.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Betfair article on "Next Generation Sports Book"
http://views.betfair.com/2012/04/betfai ... ull-story/
http://views.betfair.com/2012/04/betfai ... ull-story/
Betfair imply that this will only apply to low liquidity markets. However, they also tell us that 'on markets representing 70% of the sports betting market the Exchange is perfect- you get a better price and a liquid market for trading. But on 30% of markets our customer would be fully entitled to look elsewhere ... We also know from our own research that we lose 30% of our customer’s sports betting wallet to the competition'. I would be surprised if low liquidity events account for 30% of the average punter's turnover...
Jeff
Jeff
Betfair also claim that 'Approximately 25% of our customers are net winners- as opposed to approximately 1% at a bookmaker.'
Of that 25%, it would be interesting to know what the average no of bets placed per person per account lifetime is. I would imagine it isn't very high, as I don't believe that anything like 25% of Betfair's customers have a long term edge...
Jeff
Of that 25%, it would be interesting to know what the average no of bets placed per person per account lifetime is. I would imagine it isn't very high, as I don't believe that anything like 25% of Betfair's customers have a long term edge...
Jeff
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enzabella2009
- Posts: 747
- Joined: Tue Nov 03, 2009 3:58 pm
25% seems too high...So betfair saying that more then 800,000 of betfair customers are net winners? Did not Betfair say last year when they have introduced the PC that only 500 customers would be effected? So according to betfair 500 customers have made more then 250,000 in their life time but, more then 800,000 are net winners?Ferru123 wrote:Betfair also claim that 'Approximately 25% of our customers are net winners- as opposed to approximately 1% at a bookmaker.'
Of that 25%, it would be interesting to know what the average no of bets placed per person per account lifetime is. I would imagine it isn't very high, as I don't believe that anything like 25% of Betfair's customers have a long term edge...
Jeff
I am confused....
Let's say I opened a Betfair account for the first time, bet on United beating City in a week's time, and then withdraw my winnings after the match (hopefully!enzabella2009 wrote: 25% seems too high...So betfair saying that more then 800,000 of betfair customers are net winners?
). I then forget about Betfair and never place a bet again. Strictly speaking, I would be a winner on Betfair. I imagine it's people like that who enable Betfair to make the 25% claim, not people who bet regularly.Jeff
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enzabella2009
- Posts: 747
- Joined: Tue Nov 03, 2009 3:58 pm
So 800,000 customers have opened an account with betfair won with Betfair and forgot about Betfair. How can you forget about a site that was a lucky site. It' s still seem to high for me. Ofc I can be wrong...It's just my opinion and I can't prove my opinion with a real figure..