How fair is it?

[3virgul14]

Peter and dear forum members, please check this guy ;

https://www.linkedin.com/in/michael-bow ... OF_NETWORK


So this fella controls over 30 in-play traders , working at BF HQ?

HR, football, tennis etc..

MY QUESTION IS:
How fair or legal is it for a platform owner to trade its own markets??

Football Trader
Betfair
October 2013 – Present (2 years 4 months)
-Responsible for pricing a range of Football markets
-Responsible for managing liabilities on sporting events
-Audit automated price feeds to protect margin
-Responsible for taking live decisions on customers/large bets
-Assist in the development of colleagues
Betfair
In-Play Trading Shift Lead
Betfair
January 2013 – October 2013 (10 months)
-Managing a team of up to 30 In-Play Traders over two locations
-Performance Management of In-Play Team, conducting appraisals, 1-2-1's and team meetings
-Conducted telephone screenings and face to face interviews for new positions
-Created training material for new staff
-Rota and Scheduling for the In-Play Team
-In-Play Trading (Manual and Automated) of Football/Tennis/Darts/Rugby/Snooker/Cricket for the new Betfair Sportsbook
Betfair
In-Play Sports Trader
Betfair
May 2012 – January 2013 (9 months)
-In-Play Trading (Manual and Automated) of Football/Tennis/Darts/Rugby/Snooker/Cricket for the new Betfair Sportsbook
-Rota and Scheduling for the In-Play Team
-Responsible for training new staff
-Loading/Settlement of fixtures

[giulio2010]

Betfair will always deny, no question about that. In the other hand you have to be reasonable. Why would anyone from betfair advertise that betfair is trading it's own market when officially denying that? It does not make sense. If is there anything cheecky about Betfair, they would have done under the table. For example there are a group of people that sweep money on tennis court around the world, I hear rumors that these people have actually offices in London and happily paying PC to betfair without riskyng being blocked or kicked out from Betfair..An under table deal which makes everyone happy, betfair and tennis courts traders

[PeterLe]

It does say on the 'sportsbook'
All the big book makers do exactly the same (and that is what the sportsbook is)
What would annoy me is if they hedge on the exchange with 0 seconds delay..

[Dallas]

I dont have a problem with them trading there own markets as such, the question is are they doing so on a level playing field? as PeterLe pointed out do they encur the same bet delays we all do regardless if there trading the exchange dircetly or hedging there sports book?

[3virgul14]

How come you guys don`t have problem with that?
no offence, just trying to understand your standing point..


If really not a problem, please share all your trading data with me too, especially where you have your margin.

I might analyze them and build a counter strategy or even trade similar to you just with 22k stakes rather than 200 or 2000..

[gutuami]

he is simply managing the markets. pressing the right buttons at the right time. Do you think he is making millions for betfair? or watching your bets? somebody has to manage liabilities from cross matching, suspend markets, turn on/off algorithms. Nothing suspect here.

[giulio2010]

How come you guys don`t have problem with that?
no offence, just trying to understand your standing point..


If really not a problem, please share all your trading data with me too, especially where you have your margin.

I might analyze them and build a counter strategy or even trade similar to you just with 22k stakes rather than 200 or 2000..

This is a good point!!

What would annoy me is if they hedge on the exchange with 0 seconds delay..

This one may a good reason not tell you that betfair is actually trading it's own market.

[PeterLe]

Well I have kind of resigned myself that each day I bet on betfair I contract on their terms whether I like it or not

See this topic too:-
viewtopic.php?f=2&t=9349&hilit=Trade+th ... =50#p86259

[gutuami]

if there's something dodgy there should be some reporters to meet the guy and tell us some secrets. so far nothing

[giulio2010]

if there's something dodgy there should be some reporters to meet the guy and tell us some secrets. so far nothing

This is true. We all know though, deep down that something is going on there, it's just happened betfair to be lucky of some sort or maybe it's just some of us being paranoid about the exchange.
I know something that is 99.99% true. Betfair around year 2007 and perhaps even before they rigged the poker games so heavily by hiring "not with the contract" people playing for them. That was happening in Malta. Unfortunaly I never heard a single report or court case. Greeks, Cyprots and most of the south mediterranean players were the most targeted. I know it's hard to believe but you are also free to believe I am crazy

Well I have kind of resigned myself that each day I bet on betfair I contract on their terms whether I like it or not

See this topic too:-
viewtopic.php?f=2&t=9349&hilit=Trade+th ... =50#p86259

This is also true. We have to be patience and wait the development of a new trading idea which will come from now to about 10 years..It's already happening in USA but it's just a slow process..

[riskybet]

Hello all I have a question that is probably asked a couple of times before but maybe it has something to do with the content of this thread.

The question is: how come (when for example I am watching a NBA livestream on a sportsbook site and betting/trading the match on betfair) that if something significant is happening and I am placing my bet almost intantly I already see bets from other people coming in and I have to wait a good 5 seconds or something before my bet is being placed? Can I bring my laptop to a tennis game? To a soccer match?