Early market cross matching??

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JollyGreen
Posts: 2047
Joined: Sat Mar 21, 2009 10:06 am

I'm sure most of you have placed an order in the queue and watch in both horror and amazement as the amount matched rises and you cannot get matched!! I have experienced that many times and the excuse I always get from Betfair is it is cross matching.

Well do they have it switched on for the early markets at Cheltenham? I laid Calipto at 5.2 and traded out at 5.8. I also backed Royal Irish Hussar, my fancy for the race, at 10 and 10.5 and was looking to trade out at 7.4

When I placed my order at 7.4 there was around £400 in front of me and around £1000 matched. You can imagine my annoyance when I find the usual bullshit occurring in the markets. I was matched for just £1.60, yes that is correct, £1.60 and the amount traded rose to approx £4200. By my calculations that meant approx £3000 was traded of which £1.60 was mine. I thought it was a certainty to get the rest but NO, I did NOT get another penny matched. The price then drifted out to 7.8 and 8.0 with my order feeling very unloved at 7.4

So how on this earth can that happen when supposedly there is a queuing procedure in place and nobody is getting preferential position? It is complete nonsense to me but perhaps I am biased. How can an order of £200 placed in one single amount have £1.60 matched, the amount traded rise by another £3000 and yet not another penny of my £198.40 get matched?

EDIT: Sorry, in my anger I typed 7.6 when it was actually 7.4 :oops:
Last edited by JollyGreen on Fri Mar 14, 2014 1:10 pm, edited 1 time in total.
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JollyGreen
Posts: 2047
Joined: Sat Mar 21, 2009 10:06 am

Perhaps someone like Betfair read this because a minute after this post the complete order was matched in one go!
andyfuller
Posts: 4619
Joined: Wed Mar 25, 2009 12:23 pm

If I have understood you correctly could the amount have gone up due to people backing but the lay side was being XM'ed against other runners and hence why you were not getting matched?
herbie
Posts: 342
Joined: Mon May 11, 2009 8:56 pm

Jolly Im watching this happen all week. Im in a Queue using £50 to £100 stakes and see thousands get matched in front of me when there is only a few hundred quid in the queue. I thought XM worked by matching my bet held in Queue A with lays across the rest of the field. Am I totally misunderstanding this? Can XM jump to the front of a Queue and get matched before me? If so that's not FAIR. Can somebody clarify this please.
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JollyGreen
Posts: 2047
Joined: Sat Mar 21, 2009 10:06 am

andyfuller wrote:If I have understood you correctly could the amount have gone up due to people backing but the lay side was being XM'ed against other runners and hence why you were not getting matched?
Well anything is possible but do they have XM turned on for these early markets? When you consider the weight of money that came for this horse and people lined up to back it you would have to think something out of the ordinary is happening.
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Remember x-matching is done at source so as the amounts come in they'll match on Betfair's servers and only ever show as traded volume. With so much volume going thru the markets on the top runners it's unlikely Betfair ever actually need to dip into the pool on fancied runners to complete their book, maybe just nip liquidity from the outsiders every now and then.

Certainly wouldn't surprise me if it's possible to 'jump' the queue especially with x-matching having queue priority just because it's a big earner for them.

Basically the same as Andy said, if you had bets either side of the queue and neither were matching especially the back side then maybe something fishy would be afoot
george
Posts: 137
Joined: Mon Oct 12, 2009 4:07 pm

another thing i noticed is that the matched money shown on the right side of the ladder are not x2 its shown the real money been matched
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