price difference

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price difference

Postby bobcn » Wed Aug 19, 2009 9:59 pm

Big price difference in the back and lay markets on Betfair and BA for the L. HEWITT V B.BECKER match. Any reason for this?
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Postby Captain Sensible » Wed Aug 19, 2009 11:16 pm

Probably due to betfairs new bet matching logic where they convert back prices into lay prices on the opposing player. At the moment they only display this data on the website and not via the API
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Postby Captain Sensible » Wed Aug 19, 2009 11:19 pm

ie if someone's backing HEWITT @ 3 for £100 it's the same as laying BECKER @ 1.5 for £200 so if that would be stuck up on the website display
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Postby GaryRussell » Thu Aug 20, 2009 7:23 am

See http://gruss-software.co.uk/forum/viewtopic.php?t=3836
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Sports betting software from Gruss Software


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.

Gary built his own software and then enhanced its features after trialling it through other Betfair users and reacting to their improvement ideas, something that still happens today.

He started making a small monthly charge so he could work on it full-time and then recruited Mark to help develop the products and Gruss Software was born.

We think it’s the best of its kind and so do a lot of our customers. But you can never stand still in this game and we’ll continue to improve the software if any more great ideas emerge.

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