Tag Archives: combo market maker

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

Posted on March 28, 2008 by Chris F. Masse

- 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 Benjamin Franklin, BetFair, BetFair Malta, betting exchange, combo market maker, Editor, event derivative markets, event derivatives, freedom of speech, human market makers, Internet marketing approach, London, multiples, Open Media, prediction exchange, prediction markets, rumors, site leads, United Kingdom, Voltaire, web forum, web forums | 20 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 bet matching, bet matching logic, BetFair, chairman, combo market maker, David Pennock, economist, human market makers, job candidate, market designs, Market Trading, Michael Giberson, Midas Oracle Advisory Board, prediction markets, traders | 4 Comments

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

Posted on March 19, 2008 by Chris F. Masse

BetFair: Bet Matching Forum Q&A Session 19/03/08 Betfair Customer Services 17 Mar 11:50 As announced last week weâ€™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 Andy Fuller, Andy Murray, arbitrator, back player, bet matching, bet matching algorithm, bet matching logic, BetFair, BetFair Malta, BetFair multiples, chairman, combo market maker, exchange software, execution algorithm, football, Gambling Commission, GBP, Hobart, horse, horse racing, human market makers, Ireland, job candidate, John McCririck, magician, Malta, Mark Davies, market designs, Market Trading, matching algorithm, material change to your product, Mathias Entenmann, Midas Oracle Advisory Board, multiples betting, multiples product, non runner, P2P, Player, prediction markets, Robin Ewe, Roger Federer, runner, S&P, soccer, sports betting, sports markets, Tasmania, tennis, tennis player, the Times, traders, United Kingdom | 5 Comments

BetFair Maltaâ€™s combo market maker (trading algorithm + human market makers) operating on the multiples

Posted on March 19, 2008 by Chris F. Masse

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 bet matching, bet matching logic, BetFair, BetFair Malta, BetFair multiples, chairman, combo market maker, human market makers, job candidate, Malta, market designs, Market Trading, Masse, Midas Oracle Advisory Board, multiples betting, multiples product, prediction markets, telephone brokers, Tony Clare, traders | 12 Comments

One un-hired job candidate and one HammerSmith employee tell all about BetFair Malta’s combo market maker (trading algorithm + human market makers) operating on the multiples.

Posted on March 18, 2008 by Chris F. Masse

Graham â€œSharpâ€ Minds, in a comment on Midas Oracle: I am one of the people who Ed Murray has referred to in this blog. I was interviewed at Hammersmith by Betfair during the summer. For the time being I am … Continue reading →

Posted in Ethics, Exchanges & Markets, Market Makers (Automated), Market Makers (Human), Market Trading, Mechanism Designs | Tagged BetFair, BetFair Malta, BetFair multiples, combo market maker, Graham "Sharp" Minds, Greece, human market makers, job candidate, Loki Lab Rat, London, Malta, market designs, Market Trading, Moldova, multiples betting, multiples product, prediction markets, traders, UK's Gambling Commission, United Kingdom | 10 Comments

??? BetFair bet-matching logic ???

Posted on March 16, 2008 by Chris F. Masse

While market design expert Chris Hibbert is puzzled by Niall O’Connor’s statement mentioning an automated trader, event derivative trader Ed Murray (who made a series of accusations against BetFair) has just written a comment bringing in some intriguing (but yet … Continue reading →

Posted in Exchange & Market Designs, Exchanges & Markets, Market Trading, Mechanism Designs | Tagged Andrew Black, automated trader, bet matching, bet matching logic, bet matching software, BetFair, BetFair Malta, Chris Hibbert, combo market maker, Ed Murray, event derivative trader, GBP, human market makers, Mark Davies, market designs, Market Trading, Michael Robb, Niall O'Connor, Player, prediction markets, Radio 5, same runner, Securities and Exchange Commission, sports markets, traders, un-hired job candidate, United Kingdom | 15 Comments