Cross Bet Matching for Australian Markets

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Cross Bet Matching for Australian Markets

Postby MarkRussell » Fri Dec 03, 2010 8:43 am

Betfair have announced the following:-

Betfair would like to announce the launch of Cross Matching within its Australian markets.

Cross-matching is a more efficient method of matching customer bets. Previously we would only attempt to match customer bet requests against unmatched bets of the opposing bet type (backs vs. lays) on the same runner in the same market.

On markets where cross-matching is offered, bet matching will now attempt to match the bet request against opposing bets on the same selection and unmatched bets on other runners e.g. in a soccer match odds market the bet matching algorithm will attempt to match a back bet placed on the home team against unmatched lay bets on the home team or unmatched back bets on the away team and the draw. Customers will receive the best price available on the exchange at the time of bet placement.

Visit the FAQ site http://cross-matching.betfair.com.au/ for more information regarding cross-matching.
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The strength of Gruss Software is that it’s been designed by one of you, a frustrated sports punter, and then developed by listening to dozens of like-minded enthusiasts.

Gruss is owned and run by brothers Gary and Mark Russell. Gary discovered Betfair in 2004 and soon realised that using bespoke software to place bets was much more efficient than merely placing them through the website.

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