smarkets growth

[steven1976]

Just been reading this article about smarkets which is good to see.

http://www.sbcnews.co.uk/featurednews/2 ... rformance/

It doesnt sound so much but i remember not long ago BF only showing profits of around 20 mil a year.

Does anyone know if there is any software available or can anyone provide any type of tools to use from their api to trade? Do you see any potential in them Peter to adapt BA to their API?

[Euler]

There isn't really a viable model for software on other exchanges. We tried on Betdaq but that's never had anywhere near enough use, so it's never going to work on other exchanges unfortunately.

It's not just the development cost but the ongoing support, document etc that's quite a big issue.

[spreadbetting]

Smarkets seem to keep their API solely for market makers i.e. themselves They said they'd offer it public ages ago but it never happened.

I keep meaning to give them a go but haven't seen any real reviews about them.

[LeTiss]

They tried engaging with BA in the early days about 5 years back. They had a 'smarkets' username on the forum, but I think I remember Peter being unhappy with how they were conducting themselves, and wrote them off as wide boys

We had a thread about Smarkets here last year, and it was an extremely unfavourable one, so I was surprised they didn't respond with a robust defence

That either meant they had no defence, or they have no interest in BA anymore

[scottydog]

This maybe controversial here.

Instead of using the likes of smarkets. Firstly imho , There website is lacking and is never going to make them the new Betfair. They have the concept so so so wrong!
There website looks like a lawyers firm or some corporate website most gamblers would just run away.

Why bother with the likes of smarkets? They haven't been intuitive either.

3 options IMHO.

Find a way to excape the betfair PC!

If every successful trader replicates every move they make onto betdaq. It will be just as useful as betfair very quickly.If your using £500 stakes on betfair.
Replicate it on betdaq even if its a fiver!


Or finally. Sit patient for a few more years.

[Dallas]

Funnily enough i was only thinking about these a few days ago and weather they even exsisted anymore, I layed a few of my bonus best off there many years ago so will have to see if i can find my accout details to see if its still active - just seen they have overhauled there entire site since i was last there.

[LeTiss]

Does anyone know how Smarkets calculate their 'traded volume'?

As I'm posting this at 6pm - tonight's match odds on Everton vs Man City =

Betfair - £733k
Betdaq - £53k
Smarkets - £511k
Matchbook Don't display Volume

Those figures look very impressive - are they manipulated? or are they genuine?

Because at a first glance Betdaq are not looking good at all

[Euler]

Y, I just noticed that as well. As they say all publicity is good publicity because it made me look as well.

I may strike up a dialogue with Smarkets even if we don't do anything. It may be worth keeping a dialogue open.

[fortfield]

Ive used smarkets on a weekly basis since they first appeared on the scene. Saved a huge chunk in commission in those years and cant fault their service. Couldnt care less about who is taking the opposite end of my bet if the spread is tight and the value is there. Great too for the bonus abusers who are milking the bookies.

[convoysur-2]

i use smarkets for a stratagy i have ,and its just the same as betdaq,moves exactly the same they all mirror betfair.
but there is always money available and plenty off it,
let me compare it to batdaq,
i use the place markets ,on betdaq i will only get an offer matched if the price moves ,ie the lay price moves up to my back offer,and thats following betfair price,
its less work on smarkets the money can get taken,and 2% commission
Marc

[CLOWNSHOES]

Customers may be trading against API users, who are subject to different arrangements for in-play markets. The Smarkets API is made available to liquidity providers, among which is Hanson Applied Sciences Limited (a company in the same group of companies as Smarkets).

Markets subject to an in-play betting delay
Markets subject to an in-play betting delay are not managed. This means that markets will not be halted when there is a material event (for example a goal, penalty or red card). It is therefore important that users manage their in-play bets at all times.

Unfortunately it also says the onus is on you not to bet after the event and that if you do it will be voided

Anyone ever tried ?

[Euler]

Ultimately you need food to eat, else you will need to eat each other.

[marksmeets302]

I like the fact that they offer streaming quotes and subscriptions to order updates.

[Dallas]

One thing is for sure the markets they have on there site are a breeze to navigate around especially for joe public who may never have used an exchange before - and everything loads so much faster.

[LinusP]

I like the fact that they offer streaming quotes and subscriptions to order updates.

How did you get access to their API?

https://smarkets.com/api/