The hard questions that BetFair’s Mark Davies ducked
Chris F. Masse April 14th, 2008
A BetFair trader called Pablo (no deep link):
It simply beggars belief that people can have had matched bets removed from their account when nothing has gone wrong. Will there be a new department to judge the fairness of the [BetFair Stating Prices] returned in every race every day? What is unfair? Under the official SP? Or 20 % under?… or 30 , 40, 50 % under? Surely a bet that is matched is sacrosanct unless something has gone wrong, like a late suspension. Why do people have to email in to have their accounts adjusted back to the right amount? Surely it should be automatic.
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Cited by the Irishman, who didn’t publish the deep link —shame on him over 3 generations.
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Previously: BetFair Starting Price + Grand National fiasco
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Speaking of the Grand National fiasco, I think that the solution is not simply calling in more short-sellers (”layers”). Maybe BetFair should invent a reverse SP system, aiming at attracting the unsophisticated short-sellers (”layers”), so as to balance the takers (”backers”). What does Chis Hibbert think of the Grand National fiasco?
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- Exchanges & Markets , Liquidity , Market Designs , Mechanism Designs
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