I've been thinking of switching to Betdaq from Betfair but have always been doubtful there is sufficient liquidity and volume. I'm particularly interested in the over/under goals markets for televised UK soccer fixtures. Is it worth a go? Also is it correct that the inplay delay applies only if you are taking a price rather than making a new on? And is it possible to cancel orders after they have been submitted but are still pending the delay expiry?
I'd be grateful for any advice. Thanks
Betdaq: is it worth the effort?
Putting aside the lack of liquidity, I'd say that you should participate on Betdaq even if its just so two people are fighting over our business. You will be amazed at how much more generous cna proactive companies become when they have to fight for business rather than expecting it.
On a personal level it's best to sit where you can make money, but I'd encourage everybody to encourage competition in the exchange markets.
On a personal level it's best to sit where you can make money, but I'd encourage everybody to encourage competition in the exchange markets.
Betfair staff have been quite open to me about how their business model is now geared towards finding fresh mug punters rather than attracting traders who ultimately scare them away. And I can see their point. Why should Betfair provide an expensive platform just so I can make money from their increasingly disenchanted customers. In the early days of course they needed us to achieve critical mass and having served our purpose we are no longer wanted. Sounds ruthless but, lets be honest, so are we when it comes to taking a stale or wrong price from some poor sap. All's fair in love and exchange trading...
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maycontainnuts
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- Joined: Wed Oct 10, 2012 5:58 pm
Do you really believe that story? Didn't think many people bought into that excuse.daofs1 wrote:Betfair staff have been quite open to me about how their business model is now geared towards finding fresh mug punters rather than attracting traders who ultimately scare them away. And I can see their point. Why should Betfair provide an expensive platform just so I can make money from their increasingly disenchanted customers. In the early days of course they needed us to achieve critical mass and having served our purpose we are no longer wanted. Sounds ruthless but, lets be honest, so are we when it comes to taking a stale or wrong price from some poor sap. All's fair in love and exchange trading...
Why would BF want to antagonise traders unless they had a good business reason? As I said I may not like it but I understand it. They are right in thinking there is a dwindling pool of people willing to get scalped by the court-siders and botmeisters. If it was your business and your were answerable to shareholders wouldn't you do the same? I'm sure Betdaq and Smarkets would follow the same pattern eventually but sadly I doubt they will ever get that far. Hope I'm wrong
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maycontainnuts
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- Joined: Wed Oct 10, 2012 5:58 pm
PC was just a way to increase margin, nothing to do with the markets. They gave the 'ecosystem' excuse when they introduced transaction charges, then data charges, then the premium charge. So they can't wheel it out for the hike to 60%. Pretty obvious it was just a money grabbing exercise from a monopoly.
If they had a competitior they wouldn't have done it. They were plenty profitable already, before the last hike.
If they had a competitior they wouldn't have done it. They were plenty profitable already, before the last hike.
I don't mind as long there is room for me to play and make a profit. Betfair is never going to fight for my business again: long term I am not profitable for them because my trading style is ultimately off-putting to the majority of their active user base. No hard feelings about it, that's just the way of the world. The same will happen at Betdaq and Smarkets - if they ever get that far which sadly I doubt
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
Betdaq is terrible in my opinion for anyone trading. On football there is zero real money in the market and very few football markets. There is a big spread between prices with no real money appearing in between and therefore if you want money matched, you have to take money on offer and sit/expose yourself for a long time for the odds to move depending upong the time of the match.
On horses, the second you enter money in the market an amazing amount of out of proportion money arrives against your money you have entered in the market, even if you are using 2 pound stakes.
Staff are great, but In my 2 weeks playing around there is nothing worth while on BD unfortunately.
I think if they need to seriously challenge BF the first thing they need to do is take on board all the football games and major markets. They cant run a sweet shop with no sweets!
On horses, the second you enter money in the market an amazing amount of out of proportion money arrives against your money you have entered in the market, even if you are using 2 pound stakes.
Staff are great, but In my 2 weeks playing around there is nothing worth while on BD unfortunately.
I think if they need to seriously challenge BF the first thing they need to do is take on board all the football games and major markets. They cant run a sweet shop with no sweets!
Couldn't disagree more tbh, People would have said exactly the same things when Betfair first startedsteven1976 wrote:Betdaq is terrible in my opinion for anyone trading. On football there is zero real money in the market and very few football markets. There is a big spread between prices with no real money appearing in between and therefore if you want money matched, you have to take money on offer and sit/expose yourself for a long time for the odds to move depending upong the time of the match.
On horses, the second you enter money in the market an amazing amount of out of proportion money arrives against your money you have entered in the market, even if you are using 2 pound stakes.
Staff are great, but In my 2 weeks playing around there is nothing worth while on BD unfortunately.
I think if they need to seriously challenge BF the first thing they need to do is take on board all the football games and major markets. They cant run a sweet shop with no sweets!
.There are plenty of opportunities for both experienced and novice traders on betdaq.
and I can assure you it is possible to make decent sums trading on both horses and on football,
Obviously you carn't just go there straight from Betfair and employ exactly the same tactics and strategies and expect them to work.
You have to work at it abit like everything else.
About half my money comes from BQ now and at 2-3 % commision
. Think people are crazy for not giving it a go personally.
yes Some might say there is no liquidity
but i say im always first in the que
there is no need to chase the price up or down to get matched for me. so It's Horses for courses really.
Two curiosities on Betdaq. The first is that market manipulation doesn't take place on Betdaq as the main driver of prices is Betfair. So I disagree with your statement.steven1976 wrote:On horses, the second you enter money in the market an amazing amount of out of proportion money arrives against your money you have entered in the market, even if you are using 2 pound stakes.
Also the fill rate on Betdaq is actually HIGHER than on Betfair because there is less money in the market. This actually makes it a decent place to trade certain markets.
I agree that liquidity is lower and poor on some sports, but so was Betfair when I started and that didn't stop me from establishing myself in the market well before people joined the fray. I am active on Betdaq because I can see people have obviously missed an opporuntunity, but simply because they are used to the way Betfair behaves.
OK - well I've just revived my dormant Betdaq account after many years and was delighted to find I still have 89p in there. So I'm up on the deal already. I'll give it a go tonight on he Juve/Chelsea game and report back. I've also just loaded up Betangel for Betdaq using a spreadsheet I made for Betfair and fired in a couple of trades - seems to work fine. One attractive feature I've noticed is the ability to SUSPEND AND UNSUSPEND trades. This is a bit of a clicky clunky process on the website so is it possible to do via BetAngel either using the Betangel platform or via an Excel command?