Tag Archives: Bastille Day
How BetFair stole Bastille Day from the French —and how Ed Murray became BetFair’s best friend (NOT A HOAX).
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Michael Giberson (professor of economics and chairman of our scientific advisory board):
Actually, I would expect the change to improve liquidity, but the real surprise for Ed Murray is that other than his liquidity argument, I pretty much agree with him this time.
It is a better scheme than before, as the exchange will match traders’ bets [...]
In a blow to the French, BetFair choose Bastille Day to premiere the revised version of the bet-matching logic of their prediction markets. — IMPROVEMENT MEANS BETTER LIQUIDITY FOR THEIR EVENT DERIVATIVE TRADERS.
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BetFair:
Improvements to Betfair’s bet matching logic today, Monday 14th July:
What’s changing?
We’ve improved the code that matches bets. As well as matching backs against lays as we’ve always done, we’ll also try to match your bet against bets on other selections in the market. We‘ll give you an improvement over the price you‘ve requested where possible, [...]
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