Betfair widen cross matching again
Betfair have gone for the big one and are going to ‘trial’ cross matching on pre-off horse racing today at Lingfield. Cross matching was initiated to ‘improve’ the fill rate on markets and eliminate the possibility of the book going over broke. As users subsequently found out, the first iteration also improved Betfair’s bottom line.
As you know, I am a keen market watcher and given enough races will be able to see the exact impact that this change has had on the market, it is likely to have an impact you would think. We will keep an eye on things and update the thread on the forum as we learn what is happening. It may be time to alter your strategies.
One very big open question is what happens when there is a withdrawn horse. We have asked Betfair for clarification as it’s not impossible for a trader to get cross matched in certain circumstances and there is potential for problems depending on the way Betfair are going to try and resolve the withdrawn horse. We await a response.
Category: Betfair
