Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: Bet Manager

BetFair SP = BetFair Starting Price

Written by Chris F. Masse on February 1, 2008 — 2 Comments

What is SP betting?
SP is an abbreviation for ‘Starting Price’ and until now has been more widely associated with traditional bookmaking. The method by which SPs are set for each runner varies in different countries. Traditionally in the UK the Starting Price for any horse in any race has been determined by the on-course bookies [...]

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Trading Bets at BetFair – Betting Exchange Explainer – Backing vs. Laying

Written by Chris F. Masse on January 23, 2007 — Leave a Comment

After the BetFair multiples, the BetFair prediction exchange:
1. Placing your first bet on BetFair
What is a ‘Back’ Bet?
A ‘Back’ bet is a bet on something to happen – a horse to win a race, a football team to win, a person to be evicted from Big Brother etc. It’s just like the bet you’d regularly [...]

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BetFair Multiples

Written by Chris F. Masse on January 20, 2007 — 5 Comments

BetFair Help:
What is multiples betting?
Betfair offers multiples betting, also known as accumulator betting. You can combine a number of selections from different markets into one bet. Betfair allows multiples of between two and eight legs. A leg is an outcome of a single market. You can select one or more runners from a market to [...]

Posted in All Best Posts Ever, Betting, Exchanges & Markets, Explainers, Market Makers (Automated), Market Makers (Human), Market Trading, Mechanism Designs | Also tagged , , , , , , , , , , , ,

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