Tag Archives: Graham “Sharp” Minds

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

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.

Graham “Sharp” 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 , , , , , , , , , , , , , , , , , , , | 10 Comments