BetFair Multiples??

No GravatarBetFair Multiples – in the Racing Post, page 89 – Thursday, January 18, 2007

I would appreciate if a U.K.-based Midas Oracle reader informed me or sent me excerpts. Thanks. Will make up to you. I heard that it means that BetFair is going to become a bookmaker, but I can&#8217-t believe my eyes.

Betfair previously only accepted single bets on match results forcing punters wishing to make multiple match bets – such as trebles and accumulators – to go to traditional firms like William Hill and Ladbrokes.

But now, in a radical move, the Hammersmith based company are ready to accept multiples. In a major shift in strategy, Betfair itself will act as the bookmaker offering odds taken from their person-to-person singles football markets.

The company claim they will invariably offer better odds than High Street rivals even allowing for five per cent commission. Steve High, Betfair&#8217-s product manager, said: &#8220-Our aim is to be the biggest online betting company.&#8221-

(Thanks to Fabian John for the link.)

Previous blog posts by Chris F. Masse:

  • Robin Hanson wants to rule the world —just as CEOs and heads of states do for a living.
  • Predictify got funded… Great for those who will be hired… But is it a good thing, overall?
  • Nassim Nicholas Taleb likens modern-day financial markets to medicine in the 1800s, when going to a hospital in London or Paris multiplied your risk of death by four times, he says. Similarly, quants increase risk by deploying flawed financial tools designed to reduce it, he argues.
  • TradeSports-InTrade — Check Deposits
  • BetFair Australia fought for free trade across Australian state boundaries… and won.

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