Hi,
New to this and trying to understand who is trading in the betfair markets and would welcome any information, especially if anyone knows how the big bookmaking firms operate.
The trading room in the William Hill ad got me thinking and Ive found this article.
http://www.dailymail.co.uk/home/moslive ... z1tTj07tXO
Are these traders using betfair or do the big firms have a different market?
Thanks
William Hill Advert
They are trading in the sense that they are making odds and managing the markets for William Hill, or whatever bookie they work for.
This might be largely automated, or require manual input - in-play stuff, potentially suspensions or price changes.
They might use Betfair prices for reference, but not neccesarily for games with low liquidity.
This might be largely automated, or require manual input - in-play stuff, potentially suspensions or price changes.
They might use Betfair prices for reference, but not neccesarily for games with low liquidity.