Best offshore sportsbooks for online betting?
in Betting Forum ·
Dennis Turner62 said:Customers registered in the United Kingdom are betting against other Betfair customers. If you’re registered with Betfair from somewhere else—say, South Africa—you’re betting directly against Betfair instead of other users. Someone told me this is called cross matching with Betfair.
http://www.betfair.com/aboutUs/Regulatory.Information/
Basically, I almost always Lay at odds of 2.0 with a $10 stake, but I have a hard time getting them MATCHED. It usually accepts lower odds and smaller stakes much faster.
"Someone told me," "someone said," etc.
BF cross matching is pretty straightforward.
Take an illiquid market, for example.
Here’s an example:
The old system: An illiquid market. Tennis.
Player 1 BACK price 1.4
Player 2 LAY price 2.00
Under the old system, if someone doesn't really have a feel for the odds and wants to Back Player 1 at 1.5 for $100, they can't find a match at 1.5. So, that 1.5 order just sits on the Lay side... but why would you Back at 1.5 when you could Lay at 2.0 and grab way more profit?
The new system: Cross matching.
Player 1 BACK price 1.4
Player 2 LAY price 2.00
Let's say you want to Back Player 1 at 1.5 for $100. Even though there's no liquidity and no 1.5 odds available to match you, instead of that $100 sitting on the Lay side, it gets matched immediately at 2.00. Why? Because the system sees that someone on the Lay side wants to Back Player 2 at 2.00 for, say, $200.
The system takes $100 from them and shows you as if you Backed at 2.00.
Essentially, it favors players who aren't being super careful with their odds.
Hope that clears things up.
Best, 👍
