Tag Archives: job candidate

Reverse engineering of a nasty BetFair rumor that made rounds on Midas Oracle and elsewhere

Posted on May 22, 2008 by Chris F. Masse

- The Sporting Exchange (BetFair-TradeFair) is a gaming company that operates on many countries. It would happen, occasionally, that one country’s laws would allow fixed-odds bookmakers —but not betting exchanges. BetFair would still want to operate in that country –as … Continue reading →

Posted in Betting, Ethics, Exchanges & Markets | Tagged , , , , , , , , , , , , , | 2 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 , , , , , , , , , , , , , , | 4 Comments

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

BetFair Malta’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 , , , , , , , , , , , , , , , , , , , | 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 “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