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.
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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 on a “Remote Gaming Standard”. (PDF file) – Sounds good.
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As you remember, BetFair Games, BetFair Poker, BetFair Casino, [...]
BetFair Malta outputs a simplistic prediction game (about the 2008 European soccer tournament). I’m not impressed at all.
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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 partner is responsible for the creation of future games. Probably both, but it’s not clear. To get new [...]
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 have no impact on you whatsoever. If you are a non-UK customer, the changes will [...]
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 for my opinion. I told them the simple solution was to take the bets on the [...]
BetFair is as innocent as a lamb… but their P.R. people can’t tell you that at this time. Here’s why.
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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) have been hiring what was described as a team of human market makers, whose task would be [...]
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 be appropriate to include your questions in that session, although customers have asked similar questions which we [...]
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 other punters, ‘you could’ get better value;” which in the light of alleged revelations that [...]
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