Do Betdaq seed their own markets?

[Chalkie]

I've been using Betdaq exchange for a while now and I've noticed on their Asian Handicap markets for football liquidity are often low to non-existent. However as soon as I request odds they are often matched instantly, in fact without any delay at all. It appears automated.
My interpretation of this is that it's Betdaq themselves playing bookmaker on their own markets rather than another punter matching my requested odds. I am a value bet seeker so know the odds are in my favour in the long term so I do manage to make a profit from my betting.
My concern here is that if it's Betdaq playing bookmaker on their own exchange markets I'll have my account closed down eventually.
Any views or similar experiences anyone?

[sionascaig]

Can't see any reason why it would be Betdaq specifically..

Could just be bot that takes money if it is in bots value range..

But to answer your question - no idea...

[jamesedwards]

If it's anything like Betfair then the Asian markets will cross match with their equivalent traditional market. Could it be that?

[Emmson]

I suspect they are active in their own markets and doing so without being hindered by a clock countdown like regular uses, it would explain some of the occurences I've witnessed.

[ikky]

Which sports ?

There is absoluely nothing wrong with the cricket markets mechanisms.

[Betdaq]

Hi. Happy to discuss this. One of the things I shout about the most is how we are the only challenger to Betfair in the UK who operate the same model. This model as a challenger comes with its challenges. If we were owned by a trading team or if we had a trading team I could solve liquidity issues much quicker.

Just to be transparent we have a small liquidity team (4 people) who do trade a little bit but mainly in fringe sports and places market makers do not want to be involved. This is a loss making team with an aim to break even.

The experience you seem to be getting is down to market makers only showing a certain amount of liquidity in the first box. We have the majority of market makers that Betfair has but we do not have the same level of retail volume meaning that the liquidity left on show is not exactly a fair reflection of the amount of liquidity available.

I think a good example is you see £100 in Box 1 but you put up £1,000. It gets matched instantly as market makers are happy to take it. The problem is if the market makers let 1k sit up there that they risk getting snapped off by other sharps. The more retail volume we can attract to the site the more willing they would be to let more sit in box 1. It is one of the several reasons why the closed API hybrid exchanges can show so much liquidity in box 1.

Depending on your experience of the exchange and ecosystems some of the above might need further explanations and clearly you will probably want to get more neutral opinions than me.

The experience you had is something we actually want to shout about and I discussed it on twitter previously.

[Euler]

I think we would like to show our appreciation with the engagement Enda is giving the community. It's much appreciated.

[Betdaq]

I think we would like to show our appreciation with the engagement Enda is giving the community. It's much appreciated.

Hopefully people can show it by giving us a go.

I am happy to try and answer questions about the ecosystem when I can.

[Crazyskier]

I think we would like to show our appreciation with the engagement Enda is giving the community. It's much appreciated.

My own thoughts echo those sentiments. It's a stark and welcome contrast from Betfair and their (lack of) proactive Customer Service.

I find it refreshing to have such candour and continued improvement drives so transparently elucidated on this forum by a Betdaq official. If only BF would take a leaf out of that book?

I perhaps need to take another look at the horse and dogs markets on Betdaq again.

CS

[Chalkie]

Huge thank you to Betdaq for responding to my initial question! I'm seriously impressed you've taken the time not only to answer my query but also to be transparent with your practises. That's great customer service

I'm guessing then in response to your 4 traders (who as you've mentioned make a loss or break even) the objective is to simply introduce liquidity into the smaller markets where normally there would be little or no money at all in a bid to drive more business peer to peer?

[markzily]

Betdaq may use automated systems or market makers to ensure liquidity in less active markets like Asian Handicap for football. This could explain why your bets are matched instantly.

If you are consistently profitable, there is a risk that Betdaq might limit or close your account, as they monitor for patterns that indicate long-term advantages against their systems.

To avoid drawing attention:

Spread your bets across multiple exchanges.
Avoid maximum stakes.
Diversify your betting strategies.
Many bettors have had similar experiences, so it's advisable to stay cautious to mitigate the risk of account restrictions.

[Betdaq]

Betdaq may use automated systems or market makers to ensure liquidity in less active markets like Asian Handicap for football. This could explain why your bets are matched instantly.

If you are consistently profitable, there is a risk that Betdaq might limit or close your account, as they monitor for patterns that indicate long-term advantages against their systems.

To avoid drawing attention:

Spread your bets across multiple exchanges.
Avoid maximum stakes.
Diversify your betting strategies.
Many bettors have had similar experiences, so it's advisable to stay cautious to mitigate the risk of account restrictions.

This post is absolutely incorrect and probably shows the value of interacting on forums like this as I can call it out for what it is. It is almost like none of the above posts were read.

Betdaq may use automated systems or market makers to ensure liquidity in less active markets like Asian Handicap for football. This could explain why your bets are matched instantly.

Betfair has market makers as does Betdaq. There would be no liquidity on either site without these. They basically do what BA users do but it is done on a much larger scale.

If you are consistently profitable, there is a risk that Betdaq might limit or close your account, as they monitor for patterns that indicate long-term advantages against their systems.

This makes no sense and is simply incorrect.

[Betdaq]

Huge thank you to Betdaq for responding to my initial question! I'm seriously impressed you've taken the time not only to answer my query but also to be transparent with your practises. That's great customer service

I'm guessing then in response to your 4 traders (who as you've mentioned make a loss or break even) the objective is to simply introduce liquidity into the smaller markets where normally there would be little or no money at all in a bid to drive more business peer to peer?

No problem. I enjoy interacting with customers and even more so with communities like this.

You're correct. This is nothing like Smarkets as an example and their trading team Hanson.

[jamesedwards]

If you are consistently profitable, there is a risk that Betdaq might limit or close your account, as they monitor for patterns that indicate long-term advantages against their systems.

My understanding is that Smarkets and Matchbook trade in their own markets as an integral part of their profit model and so may well limit your business if consistently profitable. Betfair and Betdaq do not trade in their own markets for profit and so you won't ever be limited for this.

[ANGELS15]

Hi Enda

I commented several weeks ago that from time to time I place a back or lay bet at better odds than the current best price but my bet doesn't appear in the queue and remains unmatched.

My bets are fairly small (up to £20). Is there a minimum stake for bets to be visible to other traders?