Tag Archives: football

What’s wrong with soccer betting

Posted on February 21, 2010 by Chris F. Masse

I have been browsing thru the excellent Smarkets prediction markets on soccer (a.k.a. association football). You have 3 possibilities for betting: – the home team wins; – the home team loses; – there is a draw. The soccer rules (which … Continue reading →

Posted in Betting, Sports | Tagged , , , , , , | 9 Comments

Why BetFair does *not* want to share its profits with sports rights holders

Posted on September 29, 2009 by Chris F. Masse

Why should bookies be made to share their profit with sports rights holders? Many industries exist because of another without paying profit share, and we actually help sport to fight corruption. By Mark Davies, managing director of BetFair This week, … Continue reading →

Posted in All Best Posts Ever, Analysis (Industry), Betting, Business, Business & Economic Models, Exchanges & Markets, Humor | Tagged , , , , , , , , , | 1 Comment

FanDuel (by HubDub) is launched exclusively thru TechCrunch UK, which is, of course, upbeat on its future. Here’s a more critical take.

Posted on July 21, 2009 by Chris F. Masse

HubDub is a huge success in term of Internet popularity (pageviews, time spent on the site, etc.). However, HubDub has no business model, other than trying to get bought up by some bigger fish. Which is why Nigel Eccles and … Continue reading →

Posted in Betting, Business & Economic Models, Entrepreneurship, Internet Marketing - Internet Commerce, Internet Strategy, Regulations | Tagged , , , , , , , , , , , , , , , , , , , , , | 6 Comments

The Value of Tom Brady?

Posted on September 8, 2008 by Koleman Strumpf

New England Patriots’ quarterback Tom Brady suffered a season-ending injury during yesterday’s game with the Kansas City Chiefs. After he left the game and before the extent of the injury was known, the TradeSport’s contract on whether the Pats would … Continue reading →

Posted in All Guest Authors's Posts, Analysis (Data), Exchanges & Markets, Market Liquidity, Market Prices & Probabilities, Sports | Tagged , , , , , , , , , , | Leave a comment

Excerpts of the BetFair’s answers to their traders’ questions

Posted on July 23, 2008 by Chris F. Masse

About the new bet-matching logic: It’s not clear why you believe that the majority of those customers who use Betfair’s forum are unhappy about the introduction of the improved matching logic. The sport this will most significantly benefit is football … Continue reading →

Posted in Exchange & Market Designs, Exchanges & Markets, Mechanism Designs | Tagged , , , , , , , , , , | Leave a comment

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

France will win the Euro 2008 (a European soccer tournament), and BetFair’s URLs suck.

Posted on June 4, 2008 by Chris F. Masse

That one is OK: http://soccer.betfair.com/ Those suck because they are not jotted down anywhere, and they are impossible to memorize: http://www.betfair.com/?oid=4574657 http://www.betfair.com/?oid=4574657&pid=1 http://www.betfair.com/?oid=4574657&pid=2 Bad Internet usability —once again. – TradeSports bet on Germany. – NewsFutures – HubDub -

Posted in Exchange Genesis, Exchanges & Markets, Internet Usability | Tagged , , , , , , , , , , , | Leave a comment

One thing, among plenty of others, that shows me that the big prediction exchanges (InTrade, TradeSports, BetFair, TradeFair) don’t take prediction market journalism seriously

Posted on May 15, 2008 by Chris F. Masse

The latest issue of InTrade’s newsletter publishes static charts —not dynamic charts. If the biggest US-oriented prediction exchange doesn’t get that simple thing, then why would the journalists and bloggers get it? John Delaney is skilled at sending e-mail insults, … Continue reading →

Posted in Exchanges & Markets, Prediction Journalism | Tagged , , , , , , , , , , | Leave a comment

BetFair’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 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