Not getting matched even though worse prices being matched

[doris_day]

One of my new techniques partially involves trading out by laying in-running. These lays are placed prior to the off. I've noticed on numerous ocasions recently that I'm not getting matched yet when I look at the Traded and Available table after the race the runner was matched at a lower price than mine. How can that possibly happen if I know that prior to the race start no price even close to mine was matched ?

[U.F.O]

Alot of people have noticed this recently ,

It happens pre race as well, your place in the que seems to mean nothing these days..

It's Betfair up to something no doubt.
Not sure it's worth bothering with these days

[doris_day]

Really ? I would venture to say this is illegal then if it appears to be widespread. I will make further investigations.

[RJM]

I thought it was just me.

I do a lot pre-race trading and I have noticed this quite lot.

[U.F.O]

It's going to get a whole lot worst too imo
when Betfair launch their new sportsbook,

they are hardly going to wait in line with the rest of us to hedge their liabilities are they, maybe thats what we are already seeing, who knows .

[milfor]

Betfair wouldn't like it very much if you recorded such malversations with a freeware program and published this video on Youtube.
Just an idea ...

[doris_day]

'malversation'.........nice word

[doris_day]

I thought it was just me.

I do a lot pre-race trading and I have noticed this quite lot.

I'm going to start taking screengrabs of the Exchanged & Traded table before and after and see what I can find.

Even if its happened only once it will call into question the integrity of Betfair.
However, its a really easy fix for Betfair as they can simply 'readjust' their tables as they see fit to cover up any naughty stuff.

[NorthView]

Good luck, doris.

Betfair need to be careful with any shenanigans because there are third party companies (and possibly Grussers too) recording and time-stamping their live prices.

I'd be most interested to hear how you get on.

[U.F.O]

I think you will find that they aren't doing anything against any rules,

look at the cross matching debacle for example, when Betfair made 300,000 before they even notified their customers .
the gambling commission investigated and found they had done nothing wrong.

This is why Betfair have been so keen in recent year to re-establish themselves as a bookmaker,
they no longer say they are a person to person betting exchange and say all bets are struck with betfair and not with another person as it used to be.

This way they can more of less do what they want .

[jokerjoe]

I don't think there's anything wrong with cross-matching per se, it does add liquidity. What is wrong is Betfair keeping the remainder after rounding rather than passing the whole price to the person who's bet got matched. If they were regulated as financial exchanges were than this and any queue-jumping would certainly not be allowed.

[U.F.O]

Exactly i agree,

but now the precedent is set ,
you can expect them to be doing exactly the same with there new sportsbook operation, they are not going to wait at the back of the que with the rest of us, they will just cherry pick all the best prices before they even hit the exchange.

risk free bookmaking

[mak]

Hello everyone
I just came up to this post in another forum (not hard to find)
They were actually discussing that the flat horse markets are quite unstable at the moment which answers in a thread i opened 2 weeks ago...

Probably gives a solution?

Originally Posted by Leonthefixer wrote:


No LeTiss that is wrong as well.

Hopefully I will get this explanation correct:

That used to be correct and still is for the overall market but for indivdual selections it is incorrect since the introduction of XM.

The reason being that the back and lay could be done on 2 or more different selections.

For example back selection A for £100 and £50 is matched against opposing bets on selection A but the other £50 could be XM'd against say 5 other selections for lets say £10 each to keep it simple.

So in the past before XM selection A's total amount matched would go up by £200 but now selection A's total amount matched would go up by only £150

Selection B, C, D, E and F all go up by £10 each

Total amount matched on the market has gone up still by only £200.

Hope that explains it.

Edit:

Forgot to add:

Also the amount matched on your selection could go up but you move no closer to the front of the queue. The reason being that lets say you were trying to back selections B, C, D, E, or F.

The amount matched on these selections will have gone up by £10. This will have come from the Lay side.

In the past if a selection's matched amount goes up by £10 it was £5 from the back side and £5 from the lay side.

But now with XM it can come from just one side.

So in the case above £10 was matched against B, C, D, E and F but this was only matched against the Lay bets, non was matched against the Back bets.

So the total amount matched on B, C, D, E and F has gone up by £10 but you on the back side are no closer to being matched.

So now you can not work out how much is going to be needed to be matched on individual selections in order for your bet in the queue to be matched. All you can do is have a best guess.

Think that completes the explanation and hopefully should put an end to the conspiracy theories that BF are jumping the queue etc etc

[U.F.O]

Cross matching has been enabled for years now and that is not what is causing the latest problem people are experiencing imo,

it's something new in the last month or two.


there are many thread about it in that same forum

[U.F.O]

Shouldn't say that actually, the xm prosess may just have been ramped up in someway i suppose,

but it's defiantly more notacable than when it was first implemented if thats the case.

all i know is something is not right, you can be sitting at the front to the que and getting absolutly nothing matched,

when you know you would have been in the past.