Tag Archives: bet matching

BetFair apologize to their event derivative traders.

Posted on October 22, 2008 by Chris F. Masse

BetFair: Betfair Customer Services 17 Oct 14:59 The directors of Betfair would like to express their regret for not notifying customers in advance of the introduction of a new technical process called “cross matching” in February of this year. Cross … Continue reading →

Posted in Ethics, Exchanges & Markets, Internet Marketing - Internet Commerce, Regulations | Tagged , , , , , , , | 1 Comment

BetFair and TradeFair’s trading engines

Posted on September 10, 2008 by Chris F. Masse

by Mat Youill If you are reading this item from within a feed reader, and you don’t see the embedded slides just below, do download this post. Matt Youill Betfair View SlideShare presentation or Upload your own. (tags: qconlondon2008 qcon)

Posted in Exchanges & Markets, Information Technology, Software | Tagged , , , , , , , , , , , , , , , , , , , , | 2 Comments

BetFair traders are getting ready for the BOOM.

Posted on July 23, 2008 by Chris F. Masse

BetFair: [...] we’ll be enabling the new matching process on soccer match odds markets, tennis match odds markets and greyhound win markets taking place on the UK exchange shortly. – Previously: BetFair’s new bet-matching logic…. (endorsed by Giberson International Incorporated). … Continue reading →

Posted in Exchange & Market Designs, Exchanges & Markets, Mechanism Designs | Tagged , , , , , , , , , , , , , , , , | 5 Comments

How BetFair stole Bastille Day from the French —and how Ed Murray became BetFair’s best friend (NOT A HOAX).

Posted on July 15, 2008 by Chris F. Masse

- 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 … Continue reading →

Posted in Exchange & Market Designs, Exchanges & Markets, Market Liquidity, Mechanism Designs | Tagged , , , , , , , , , , , , , , , , , , | 29 Comments

Is the BetFair’s brand-new bet-matching logic (which matches bets across related selections) the first time a prediction exchange manages to increase liquidity WITHOUT augmenting the number of traders or relying on an automated market maker?

Posted on July 14, 2008 by Chris F. Masse

Professor Giberson, What do you make of that? -

Posted in Analysis (Meta), Exchange & Market Designs, Exchanges & Markets, Market Liquidity, Mechanism Designs | Tagged , , , , , , , , , , | 5 Comments

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.

Posted on July 14, 2008 by Chris F. Masse

- 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 … Continue reading →

Posted in All Best Posts Ever, Exchange & Market Designs, Exchanges & Markets, Explainers, Market Liquidity, Mechanism Designs | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 3 Comments

BetFair’s brand-new bet matching logic

Posted on June 9, 2008 by Chris F. Masse

BetFair: Betfair Customer Services 06 Jun 15:55 We held a forum Q&A session in March in which we announced that we were working on an improved version of bet matching. This would allow us to match bets across selections, and … Continue reading →

Posted in All Best Posts Ever, Exchange & Market Designs, Exchanges & Markets, Mechanism Designs | Tagged , , , , , , , , , , , , , , , , , | 7 Comments

BetFair’s future bet-matching logic

Posted on April 17, 2008 by Chris F. Masse

- SALIENT VIRILITY REGAINED, BRITISH HONOR RESTORED, QUEEN ESCAPES AFFRONT: Astute and resourceful BetFair SEO expert has managed to put one of their sub-sites ahead of Midas Oracle in Google Web Search results. [Nick Garner] – - BetFair’s future bet-matching … Continue reading →

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MIDAS ORACLE POWER: People googling about BetFair’s new bet-matching logic are automatically directed to our group blog. BetFair’s SEO can return to the locker room.

Posted on March 21, 2008 by Chris F. Masse

- – - – UPDATE: If you click on the links above, you’ll see that Google has updated a bit its index, since then, and now points to some other Midas Oracle posts, but, in both cases, Midas Oracle remains … Continue reading →

Posted in Exchanges & Markets, Internet Marketing - Internet Commerce | Tagged , , , , , , , , , , | 2 Comments

David Pennock, a respected expert in prediction markets and market design, discusses some aspects of BetFair’s new bet-matching logic.

Posted on March 21, 2008 by Chris F. Masse

David Pennock: Arbitraging bets is the same thing as matching bets. They are equivalent. When someone places a bid at price 10 and someone else places an ask at price 9, there is an “arbitrage” that the exchange eliminates by … Continue reading →

Posted in Exchange & Market Designs, Exchanges & Markets, Market Trading, Market Transaction Costs, Mechanism Designs | Tagged , , , , , , , , , , , , , , | 4 Comments