Tag Archives: BetFair Malta

“Malta Lotteries And Gaming Authority: a governmental regulatory body which is worthless and ineffectual.”

… says that guy. I’m surprised and disappointed. -

Posted in Ethics, Regulations | Tagged , , , , , , | 1 Comment

Is Malta’s Lotteries and Gaming Authority a serious governmental body?

Yes. I did a quick research, and here are 2 points I got: The European Union’s Commissioner for Internal Market and Services, Charlie McCreevy, praised Malta’s Lotteries and Gaming Authority for their professionalism. Malta’s Lotteries and Gaming Authority are working … Continue reading

Posted in Ethics, Exchanges & Markets, Regulations | Tagged , , , , , , , , , , , , , , , | 9 Comments

BetFair Malta and Jadestone output yet another simplistic prediction game: TaiKai.

BetFair TaiKai

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BetFair Malta outputs a simplistic prediction game (about the 2008 European soccer tournament). I’m not impressed at all.

- Simplistic enough. Sounds more like a promotion trick than a real game. The Sporting Exchange has outsourced the development of this game (and others) to a Swedish team. The Swedish people won a “multi-year” contract. I don’t understand which … Continue reading

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If you’re a UK-based trader with BetFair, your ass is covered by the highly regarded Gambling Commission. — If you’re a non-UK-based trader with BetFair, well, try your luck with Malta’s Lotteries and Gaming Authority.

BetFair: Change to Terms and Conditions for non-UK Betfair customers Betfair Customer Services 01 May 11:20 For operational and commercial reasons, Betfair is restructuring its international business. If you are a Betfair customer with a UK-registered address, this change will … Continue reading

Posted in Exchanges & Markets, Regulations | Tagged , , , , , , , , , , , , , , , , | 1 Comment

Do BetFair understand the “statistical concept of expectation”?

Graham “Sharp” Minds: [...] When I was interviewed by BetFair and they explained to me all of the problems with the multiples operation, most importantly the fact that it is a loss making despite the huge overrounds, I was asked … Continue reading

Posted in Betting, Exchanges & Markets | Tagged , , , , , , | 1 Comment

BetFair is as innocent as a lamb… but their P.R. people can’t tell you that at this time. Here’s why.

- Dear Midas Oracle readers, Besides the facts about BetFair Malta’s combo market maker operating on the multiples (which Midas Oracle informed you about back in January 2007), you may have heard the rumor that BetFair UK (in HammerSmith, London) … Continue reading

Posted in Analysis (Industry), Ethics, Exchanges & Markets, Prediction Journalism | Tagged , , , , , , , , , , , , , , , , , , , , , | 20 Comments

BetFair’s new bet-matching logic + BetFair Malta’s trading on the multiples

BetFair: Bet Matching Forum Q&A Session 19/03/08 Betfair Customer Services 17 Mar 11:50 As announced last week we’ll be hosting a Q&A session on the forum this Wednesday evening (19th March) between 6pm and 7pm (UK Time). The purpose of … Continue reading

Posted in All Best Posts Ever, Exchange & Market Designs, Exchanges & Markets, Market Makers (Automated), Market Makers (Human), Market Trading, Mechanism Designs | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 5 Comments

BetFair Malta’s combo market maker (trading algorithm + human market makers) operating on the multiples

Tony Clare of BetFair (The Sporting Exchange) to me: Dear Mr. Masse, Thank you for the questions you submitted to tonight’s Q&A session. The session is intended specifically to address questions from Betfair customers. We therefore don’t feel it would … Continue reading

Posted in All Best Posts Ever, Exchanges & Markets, Market Makers (Automated), Market Makers (Human), Market Trading, Mechanism Designs | Tagged , , , , , , , , , , , , , , , , , , , | 12 Comments

Is the BetFair marketing message a big lie?

Rab Bibater’s comment on Midas Oracle: [...] BetFair needs to nip the current round of noise in the bud once and for all. It needs to clarify its own advertisements, in which it states that “Because you are betting against … Continue reading

Posted in Ethics, Exchanges & Markets, Internet Marketing - Internet Commerce, Market Makers (Automated), Market Makers (Human) | Tagged , , , , , , | 1 Comment