How does Betfair's bet matching system work?
-
Also when the bet first becomes available what odds are used initially and how quickly does it find an equilibrium?
-
Answer:
The markets are setup with tissue prices determined by an expert in the sport. This is similar to an old school bookie. Increasingly, tissue prices can be acquired via a feed. The liquidity on Betfair is such that market makers become active in the market as soon as the market is active. Market makers play a role similar to a stock exchange regulating prices. Arbitrageurs also play a role picking off prices. Less mature marketplaces with no market makers, arbitrageurs or liquidity struggle to achieve stability.
Stephen McCurry at Quora Visit the source
Related Q & A:
- How to get yahoo's email alert to work?
- How does the paypal system work on E-Bay?Best solution by Yahoo! Answers
- How does the US school system work?Best solution by Yahoo! Answers
- How does a car stereo system work?Best solution by eHow old
- How is Pennsylvania's school system?Best solution by paschoolperformance.org
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.