Maybe this is a stupid question, but who sets the odds on Smarkets?
I notice that usually the odds there seem to adjust to match those on Betfair's exchange, but usually the amount can only be matched for a lower price.
If for example Betfair have odds of 2.30 to lay Rochdale and you can instantly get £500 matched, Smarkets will be offering 2.30 to lay Rochdale, but you can only get say £50 instantly matched.
However, as soon as you lay Rochdale at 2.30 for £50, it will instantly appear back for the same price and you can then lay Rochdale at 2.30 for £50 again instantly.
Who exactly is it that is creating these bets? The fact that it automatically happens makes it seem like the work of a bot.
I don't see why anybody at Smarkets would be doing this though as then they would be operating like a sportsbook rather than an exchange.
Also, Smarkets used to offer starting prices of 2.00 for two way outcomes and 3.00 for three way outcomes. However, you could only get something silly like 6p matched. I don't know if they still do these, but it used to be quite lucrative when they were offering these prices when the true odds were around 1.01 or 1.02.
Who exactly was creating those? Was that Smarkets themselves?
Who Sets the Odds on Smarkets?
Ask anything about smart gambling
- dealer wins
- Totally Pro
- Karma: 43
- Posts: 966
- Joined: Mon Sep 15, 2014 12:16 pm
Post
Re: Who Sets the Odds on Smarkets?
Thu Aug 16, 2018 8:34 pm
Betfair market makers set the price, using the sharp big boy books as a guide. Betdaq, Smarkets, Matchbook etc copy betfair shaving off 3-5% in my experience.
Never trust a goose!!!
Return to “Newbie's questions”
Jump to
- Bookmakers and Exchanges
- Bookies discussion
- Exchanges
- Arbing, Matched & Value Betting
- Arbing, matched betting and trading talk
- Value betting talk
- Newbie's questions
- Alert services
- General talk about alert services
- BetBurger
- BetOnValue
- RebelBetting
- SureBet.com
- E-wallets
- General talk about e-wallets
- Neteller
- Skrill
- Betting agents
- General talk about betting agents
- AsianConnect88
- BetInAsia
- PremiumTradings
- Sportmarket
- Other gambling material
- Links
- VPN - VPS - VPC services
- Tipsters
- Rest Area
- Investing
- Stock Markets and Cryptos
- Other investments
- Rules & Info
- Rules
- Announcements
- Apostas inteligentes em português
- Software de apostas
- Carteiras digitais
- Agentes de apostas
- Discussão sobre apostas inteligentes
- Juego inteligente en español
- Software de juegos de azar
- Carteras digitales
- Agentes de apuestas
- Discusión sobre apostasías inteligentes
Recent Posts
- The wonderful world of web tracking arbusers Thu Mar 28, 2024 8:15 am
- Re: Value Betting. What is it? How to practise it? arbusers Thu Mar 28, 2024 4:25 am
- bet builder???? Mystic Thu Mar 28, 2024 3:59 am
- Rabona sportsbook lm10 Thu Mar 28, 2024 12:51 am
- For the love of the game. Cricket actually arb12 Wed Mar 27, 2024 5:10 pm
- I can't access via SSH or ping my VPS sportbetarber1337 Wed Mar 27, 2024 3:54 pm
- New UK policy for Frictionless Affordability Checks arb12 Wed Mar 27, 2024 2:09 pm
- How do you handle these kinds of situations? arbusers Wed Mar 27, 2024 1:59 pm
- What Is VX in Black? ex-hft Tue Mar 26, 2024 8:01 pm
- New offline Bank Transfer solution is available now on BetInAsia! BetInAsia Tue Mar 26, 2024 2:27 pm
- A gambling syndicate ex-hft Mon Mar 25, 2024 8:32 pm
- BetBurger.com - Your ideas, propositions and conserns! BetBurger Mon Mar 25, 2024 6:19 pm
- BetBurger.com BetBurger Mon Mar 25, 2024 6:18 pm
- Bitcoin analysis and investing strategy arbusers Mon Mar 25, 2024 6:09 pm
- 5 Common Mistakes new bettors make - And How to Avoid them RebelBetting Mon Mar 25, 2024 2:36 pm