I think it has to do with the market makers. At some point, there has to be a counterparty to your bet. If you win it, you're taking money out of the system.jagas wrote: ↑Fri Jun 10, 2022 1:26 pmWhat i do not understand with this white labels and betfair is why the limits and the closing of white labels if the exchange is just betting again other bettors?
Or are the exchange bringing in their own Money?, i understand the issue with Asianconnect since they take position on Bettors but the other white labels like Piwi, why would they close down if they cover the same bet in exchange. Bascially EXchanges should not be worried who wins or Lose.
Or am i missing something?
If Betfair wants to run a nice site for the great big mass of players, then they have to make sure there are market makers. If there are no market makers, the site is dead and there are no odds.
For the market makers to turn a profit at a reasonable vig, the ratio of sharks:fish in their order flow has to be good.
Therefore, Betfair takes steps to kick the profitable punters off too, just not as loudly.
In all likelihood, betfair makes some of the markets, because why wouldn't they, and takes a position against their really square customers; at least that's my theory.
Really, the MollyBet guys should get their act together instead.