Betfair widen cross matching net
Today will see the launch of cross matching on pre-off horse racing markets. Having studied the markets for a long, long, time, I think I can guess the impact that this will have, but I am open minded. Change will occur though, so keep your eyes out.
In-play cross matching produced a curiosity which we hadn’t thought of, so it may be that pre-off does as well. We have collated data over very long time frames and can see at least one strategy that will suffer because of the change. But we will be actively monitoring the data to see what actually occurs. I’ll report back one we have some decent data under our belt.
I must admit to preferring a freely traded exchange market, warts and all; rather than tweaks, changes, modification and new rules. It’s obvious that Betfair are now likely only to adopt things that benefit them financially, but it would be nice to stick with some firm ground rules. It would always have been nice to see an exchange only vendor out there, but that’s not going to happen now as we are too far down the bookie path on all fronts. Don’t get me wrong, it’s still better than what went before and I’m not being negative here, just philosophical. Even small increments in change can produce quite large long term differences and that’s what we have seen.
Anyhow, I will report back anything interesting on the blog in due course.
This weekend promises to be a really good sporting one, so best of luck whatever you are doing!
Category: Betfair
