http://www.midasoracle.org/2007/11/22/because-the-betfair-trading-engine-handles-a-huge-number-of-small-bets-they-had-to-lower-its-cost-per-transaction/ Prediction Markets For All Fri, 21 Nov 2008 14:58:55 +0000 http://wordpress.org/?v=2.6.3 http://www.midasoracle.org/2007/11/22/because-the-betfair-trading-engine-handles-a-huge-number-of-small-bets-they-had-to-lower-its-cost-per-transaction/#comment-21619 BetFair impose new “Premium Charges”, and their very active traders are up in arms. - Plus, do BetFair gag the critics? | Midas Oracle .ORG Thu, 11 Sep 2008 12:07:28 +0000 http://www.midasoracle.org/2007/11/22/because-the-betfair-trading-engine-handles-a-huge-number-of-small-bets-they-had-to-lower-its-cost-per-transaction/#comment-21619 [...] betting operators (the big British bookmakers). They attack the problem with a dual approach: they try to lower the IT costs associated with each bet transaction (see FlyWheel Lite), and they try to spot and exploit their most costly customers (hence the [...] [...] betting operators (the big British bookmakers). They attack the problem with a dual approach: they try to lower the IT costs associated with each bet transaction (see FlyWheel Lite), and they try to spot and exploit their most costly customers (hence the [...]

]]> http://www.midasoracle.org/2007/11/22/because-the-betfair-trading-engine-handles-a-huge-number-of-small-bets-they-had-to-lower-its-cost-per-transaction/#comment-21616 One day after BetFair’s PR move, the very active event derivative traders are still very displeased by the new BetFair “premium charges”. | Midas Oracle .ORG Thu, 11 Sep 2008 10:11:37 +0000 http://www.midasoracle.org/2007/11/22/because-the-betfair-trading-engine-handles-a-huge-number-of-small-bets-they-had-to-lower-its-cost-per-transaction/#comment-21616 [...] betting operators (the big British bookmakers). They attack the problem with a dual approach: they try to lower the IT costs associated with each bet transaction (see FlyWheel Lite), and they try to spot and exploit their most costly customers (hence the [...] [...] betting operators (the big British bookmakers). They attack the problem with a dual approach: they try to lower the IT costs associated with each bet transaction (see FlyWheel Lite), and they try to spot and exploit their most costly customers (hence the [...]

]]> http://www.midasoracle.org/2007/11/22/because-the-betfair-trading-engine-handles-a-huge-number-of-small-bets-they-had-to-lower-its-cost-per-transaction/#comment-19221 Prediction markets are about lowering transaction costs. That’s how sports come in. | Midas Oracle .ORG Fri, 13 Jun 2008 06:33:59 +0000 http://www.midasoracle.org/2007/11/22/because-the-betfair-trading-engine-handles-a-huge-number-of-small-bets-they-had-to-lower-its-cost-per-transaction/#comment-19221 [...] Behind all this is the reduction of the derivative trading costs. And, in my view, that goes hand in hand with the existence of generalist prediction exchanges that are allowed to have the widest offerings possible (including sport event derivatives). Indeed, prediction exchanges that would be confined to some topics only (politics, current news, finance) would have higher transaction costs, which does not seem to be the right direction of history. [...] [...] Behind all this is the reduction of the derivative trading costs. And, in my view, that goes hand in hand with the existence of generalist prediction exchanges that are allowed to have the widest offerings possible (including sport event derivatives). Indeed, prediction exchanges that would be confined to some topics only (politics, current news, finance) would have higher transaction costs, which does not seem to be the right direction of history. [...]

]]> http://www.midasoracle.org/2007/11/22/because-the-betfair-trading-engine-handles-a-huge-number-of-small-bets-they-had-to-lower-its-cost-per-transaction/#comment-16972 Good news: The BetFair blog now features a prediction market column. — Bad news: Their columnist is an anonymous writer with long hair… and dubious skills. | Midas Oracle .ORG Sat, 16 Feb 2008 21:54:19 +0000 http://www.midasoracle.org/2007/11/22/because-the-betfair-trading-engine-handles-a-huge-number-of-small-bets-they-had-to-lower-its-cost-per-transaction/#comment-16972 [...] in Hammersmith, can go so low? It’s unbelievable. There is a striking dichotomy between the excellence of their information technology team and the crassiness of the people who speak out for [...] [...] in Hammersmith, can go so low? It’s unbelievable. There is a striking dichotomy between the excellence of their information technology team and the crassiness of the people who speak out for [...]

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