The last race today was called 'Try Betdaq For An Exchange Handicap'.
If Betdaq think that putting their name in a class 6 race will make a jot of difference to their fortunes, they are sadly mistaken IMHO. But it got me thinking: If I were Betdaq's MD, what would I do to drum up business?
Assuming that persuading a Russian billionaire that betting exchanges are the new football clubs isn't an option, you could try:
A. Charging considerably lower levels of commission than Betfair, and promising to hold them down. This might be particularly attractive to bookmakers, meaning that volume would increase, creating a virtuous circle.
B. Providing an extremely user-friendly yet sophisticated trading platform FOC.
C. Creating fair and transparent rules regarding things like the server going down, and applying them consistently.
D. Providing expert analysis and true odds for every event to members.
E. Offering back and lay bets to the market and the true odds, increasing liquidity whilst not losing any money.
What do you guys think?
Jeff
Try Betdaq For An Exchange Handicap
Well it's certainly possible to trade on it, just not on the same scale as Betfair. I guess it all depends what level you are on as the amounts available would be ok for smaller traders but not the big guys.
Scalping is a bit different as you can often reach the front of the que much quicker than on Betfair but you need to take care not to work too bigger position and you need to get out earlier so you don't chase prices. Swing trading isn't that different.
Scalping is a bit different as you can often reach the front of the que much quicker than on Betfair but you need to take care not to work too bigger position and you need to get out earlier so you don't chase prices. Swing trading isn't that different.
A. Charging considerably lower levels of commission than Betfair, and promising to hold them down. This might be particularly attractive to bookmakers, meaning that volume would increase, creating a virtuous circle.
B. Providing an extremely user-friendly yet sophisticated trading platform FOC.
C. Creating fair and transparent rules regarding things like the server going down, and applying them consistently.
D. Providing expert analysis and true odds for every event to members.
E. Offering back and lay bets to the market and the true odds, increasing liquidity whilst not losing any money.
What do you guys think?
Jeff[/quote]
B. Providing an extremely user-friendly yet sophisticated trading platform FOC.
C. Creating fair and transparent rules regarding things like the server going down, and applying them consistently.
D. Providing expert analysis and true odds for every event to members.
E. Offering back and lay bets to the market and the true odds, increasing liquidity whilst not losing any money.
What do you guys think?
Jeff[/quote]
Ferru123 wrote:The last race today was called 'Try Betdaq For An Exchange Handicap'.
If Betdaq think that putting their name in a class 6 race will make a jot of difference to their fortunes, they are sadly mistaken IMHO. But it got me thinking: If I were Betdaq's MD, what would I do to drum up business?
Assuming that persuading a Russian billionaire that betting exchanges are the new football clubs isn't an option, you could try:
A. Charging considerably lower levels of commission than Betfair, and promising to hold them down. This might be particularly attractive to bookmakers, meaning that volume would increase, creating a virtuous circle.
B. Providing an extremely user-friendly yet sophisticated trading platform FOC.
C. Creating fair and transparent rules regarding things like the server going down, and applying them consistently.
D. Providing expert analysis and true odds for every event to members.
E. Offering back and lay bets to the market and the true odds, increasing liquidity whilst not losing any money.
What do you guys think?
Jeff
Having proved what an IT midget I am (see above post) I'll try to offer an opinion.
I like A,B & C, as to D & E the trouble with "non-mechanical" events is that who knows what the true odds are, as we've seen on the football posts, there are a myriad of views on those,
cheers, P
Hi Prediction
Granted, knowing the true odds isn't an exact science. But as studies into the accuracy of betting exchanges have shown, it is possible to arrive at an extremely accurate estimate. For example, I bet if you took 1,000 horses whose Betfair SP was 2.0, you'd find that about 500 of them would have won!
Jeff
Granted, knowing the true odds isn't an exact science. But as studies into the accuracy of betting exchanges have shown, it is possible to arrive at an extremely accurate estimate. For example, I bet if you took 1,000 horses whose Betfair SP was 2.0, you'd find that about 500 of them would have won!
Jeff
Predicton wrote:
I like A,B & C, as to D & E the trouble with "non-mechanical" events is that who knows what the true odds are, as we've seen on the football posts, there are a myriad of views on those,
cheers, P