Is the BetFair marketing message a big lie?

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Rab Bibater&#8217-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 &#8220-Because you are betting against other punters, &#8216-you could&#8217- get better value-&#8221- which in the light of alleged revelations that its trades in its own markets, would seem to amount to a misrepresentation. […]

Hummm&#8230- For each of 100 trades made on BetFair, how many are made by real-people &#8220-punters&#8221- and how many are made by algorithm-advised BetFair Malta? (I have just sent this question for their today&#8217-s Q&#038-A. :-D )

YouTube: BetFair&#8217-s TV ad in the UK

Previous blog posts by Chris F. Masse:

  • A second look at HedgeStreet’s comment to the CFTC about “event markets”
  • Since YooPick opened their door, Midas Oracle has been getting, daily, 2 or 3 dozens referrals from FaceBook.
  • US presidential hopeful John McCain hates the Midas Oracle bloggers.
  • If you have tried to contact Chris Masse thru the Midas Oracle Contact Form, I’m terribly sorry to inform you that your message was not delivered to the recipient.
  • “Over a ten-year period commencing on January 1, 2008, and ending on December 31, 2017, the S & P 500 will outperform a portfolio of funds of hedge funds, when performance is measured on a basis net of fees, costs and expenses.”
  • Meet professor Thomas W. Malone (on the right), from the MIT’s Center for Collective Intelligence.