Betfair vs Betdaq

[doris_day]

It used to be a no-brainer when it came to in-running horse racing markets that there was little point in even thinking about Betdaq rather than Betfair but I've been monitoring the two and Betfair really need to sit up and take notice because Betdaq is rising steadily and stealing some of the Betfair thunder.

Betfair really need to start to repair some of the damage they have inflicted on their customer relations over the past year or so before a tipping point is reached and their arrogant stance is punished beyond redemption.

Their hefty commission, disasterous short term greed in the name of their Premium Charge, API charges, data charges, server downtimes, poorly conceived Poker, Casino, Games add-ons etc have done nothing but drive hundreds of users away.

Their current share price which is almost half their issue price reflects what people are thinking of their future valuation.

Betfair have been a PR disaster over the past couple of years and its my belief some of their top management need to be kicked out because they simply dont know what they're doing.

I've now all but left their site and I suspect many others will soon have second thoughts about where they should be placing their bets.

Its a great shame they have squandered their previous unrivalled position but greed and arrogance is always a recipe for disaster.

[RJM]

Maybe,

I will look at "Betdaq" again.

I totally agree about your sentiments with regards to Betfair.

The few times I have spoken to them has absolutely appalled me with their "couldn't care less" attitude.

[alrodopial]

Is there any significant difference at odds before the off (horse racing) between the two of them?

[Ian]

Is there any significant difference at odds before the off (horse racing) between the two of them?

You can almost guarantee that the Betdaq price is one tick worse than Betfair's.

[2020vision]

You can almost guarantee that the Betdaq price is one tick worse than Betfair's.

Not sure that makes sense to me? Do you mean for backing or laying?
Surely it can not possibly be both - can it?

Ttfn - Michael

[Ian]

Yes, I mean both sides. Apart from the first two or three in the betting, Betdaq is one tick away from the Betfair price on the back side and at least one on the lay side. eg. 1st race at York today.Racy 13-13.5 Betfair 12.5-14.5 Betdaq. Skylla 18.0-18.5 vs 17.5-19.5. The prices on Betdaq always have this relationship to Betfair's privces.

[doris_day]

Yes, I mean both sides. Apart from the first two or three in the betting, Betdaq is one tick away from the Betfair price on the back side and at least one on the lay side. eg. 1st race at York today.Racy 13-13.5 Betfair 12.5-14.5 Betdaq. Skylla 18.0-18.5 vs 17.5-19.5. The prices on Betdaq always have this relationship to Betfair's privces.

Not quite true, particularly in-running......

[Ian]

Yes, I mean both sides. Apart from the first two or three in the betting, Betdaq is one tick away from the Betfair price on the back side and at least one on the lay side. eg. 1st race at York today.Racy 13-13.5 Betfair 12.5-14.5 Betdaq. Skylla 18.0-18.5 vs 17.5-19.5. The prices on Betdaq always have this relationship to Betfair's privces.

Not quite true, particularly in-running......

alrodopial was specifically asking about pre-off prices if you read his post. What is not true about my post ?

[alrodopial]

Pre race there's one or two ticks diff as I saw and in running there is some liquidity especially at the favs , not so great as BF's but acceptable.
It was a surprise and surely is a good second choice.
It's good for the game.

[doris_day]

Pre race there's one or two ticks diff as I saw and in running there is some liquidity especially at the favs , not so great as BF's but acceptable.
It was a surprise and surely is a good second choice.
It's good for the game.

Well, you say its good for the game but in some respects its bad because poor liquidity means things are a lot more volatile and random. Therefore its more difficult to design an algorithm which will work consistently. It also means it can be difficult to get on with any size and therefore can drive people away to look for alternative markets. From my own perspective, which is obviously only one point of view, I'd much prefer one really strong exchange, with good liquidity, than two weak ones.

[doris_day]

Yes, I mean both sides. Apart from the first two or three in the betting, Betdaq is one tick away from the Betfair price on the back side and at least one on the lay side. eg. 1st race at York today.Racy 13-13.5 Betfair 12.5-14.5 Betdaq. Skylla 18.0-18.5 vs 17.5-19.5. The prices on Betdaq always have this relationship to Betfair's privces.

Not quite true, particularly in-running......

alrodopial was specifically asking about pre-off prices if you read his post. What is not true about my post ?

Yes, you're correct in that he was asking about pre in-play but its still not true that 'Betdaq always have this relationship' pre in-play. 'Most of the time' would be more accurate. I have an automated arb algo which works between the two markets and it works both pre and post in-play.

[greenfingers]

I've now all but left their site

Hey Doris, I was wondering which trading software you use for Betdaq with Excel ? I thought that Gruss for Betdaq doesn't have Excel functionality?

[MarkRussell]

There is a version of Betting Assistant for Betdaq that has Excel triggered betting. It's still in Beta but you are welcome to try it.

You can find the link to download in the following post:-

http://www.gruss-software.co.uk/forum/viewtopic.php?t=3186

Regards,
Mark

[greenfingers]

Fabulous, thanks Mark!