Experience with smarkets.com?

[Tytteboevs]

Slightly off topic, but i hope its okay anyway

Last year danes where cut off using Beftair in Australia (and New Zealand), making tennis trading in january very difficult, since Betdaq was the only legal option. Now Betdaq has closed down all danish customers.

Hoewever, i was looking for other options, and stumpled upon the exchange called Smarkets. I have signed up, and so far the liq seems good, but only checking the soccer markets, since there is no tennis atm.

Anyone got any experience in trading the tennis live on Smarkets?

Best regards
T

[Ted]

It's Betdaq in disguise, they rent out their severs to other exchanges.

The prices are exactly the same as BD

[Tytteboevs]

Seriously? Looking at the prices for tonights Sevilla match, the prices are not the same?

Best regards
T

[Ted]

Maybe I've got it mixed up with other small fry exchanges, but Betdaq definitely rent out their servers to other exchanges, helps their limited liquidity hold up.

One of the regulars on here will soon put us in the picture.

[Tytteboevs]

Hi, just did some googling, and its seems they lay off some of their liability on Betfair, but they claim to have their own liq.

Best regards
T

[Thomson]

Hi, just did some googling, and its seems they lay off some of their liability on Betfair, but they claim to have their own liq.

Best regards
T

That is correct they clone BF market. Their market fund suppliers are thin on the ground. Avoid this exchange at all costs, the in-play is non existent...

[doubleback]

I was invited to an open day last month, I didn't go but thought I'd share the agenda ...

- New account page and site design
- Improved search function
- More sports and markets, including Asian handicaps and draw no bet
- Dead heat autosettlements
- The option to edit queued bets
- Ability to save your debit/credit card details

And coming soon...

- More currencies
- New sports and markets including first goal scorer
- Best price execution
- A faster trading experience


I also had some contact with Smarkets the other day.

I was enquiring about trading software and worldwide availability, I received stock customer service answers.

[WhyAlwaysMe]

I think their USP is to aim at the social networking angle, think they are looking to pick up punters betting £10 from their mobile phones and stuff.

I know small scale arbers were happy to use them to hedge their bookie bets and they were happy with the service as regards funds. However there were some issues with markets and they are a very small operation so it's hard to see in play taking off anytime soon.

[Smarkets]

Smarkets

Hey guys I'm a Smarkets rep and I was granted permission to address some misinformation given out regarding our company:

- Our operation is entirely in-house, we don't outsource and are not a white label.
- Our liquidity is provided by third party market makers but we are always looking for more - if you're interested in market making, please let us know.
- We recognise that our in-play offerings are underdeveloped at the moment but it is something we are working on.

I hope this clears things up and let me know if there are any other concerns I can address.

Cheers

Smarkets

[Thomson]

Nice of you to pop in Mr Smarkets rep, good to get that misinformation all cleared up.
So this being a forum an all it's usual to address the OP's concerns. How will Titty's tennis trading experience be enhanced by using your exchange.?
Will he be able to trade in-play on that fast moving dynamic sport.?

You advertise for people to come and trade on your footy markets. How do we do that on the 'underdeveloped' in-play operation that you have at present. I've tried it, the only money available is from chancing arbers which did not enhance my experience.

Will your brave new world, out of the box , new horizon, blue sky thinking exchange be just the job for titty's tennis. Or you gonna say we don't do that mate...Soon though, when we get more of them market maker blokes.

Dream on.....

[WhyAlwaysMe]

A bit cheeky Thompson considering this is a start up with a tiny budget in relation to Betfair. Coral wiping out their backer's stake entirely and Betfair's disasterous flotation have I'm sure made raising funds for internet gambling extremely challenging. SMarkets have at least raised funds and got their operation going so deserve applause for that. It's hardly their fault they are constrained.

[Thomson]

A bit cheeky WAM.! .Have you read post #9. Let me qoute it out for you.

...Our operation is entirely in-house, we don't outsource and are not a white label.

Good,like that. They all live in one house do their own stuff and don't out source..I got that. No third party's then.
Hang on a second.............

…....- Our liquidity is provided by third party market makers but we are always looking for more - if you're interested in market making, please let us know.*

So even you could live in their house..Was it about nine months or so back when the market makers pulled out leaving them offline for days whilst a deal was cut. Or is that missinformation again, sure I read that somewhere? Isn't outsourcing using a third party and the market maker -liquidity supplier a major factor in our requirements of an exchange..Or is this me being cheeky.

...We recognise that our in-play offerings are underdeveloped at the moment but it is something we are working on.*

So the product being offered as a trading opportunity is not fit for purpose but is still available as work in progress...And I'm being cheeky....please.

[1/4 of a millionaire fund]

A bit cheeky WAM.! .Have you read post #9. Let me qoute it out for you.

...Our operation is entirely in-house, we don't outsource and are not a white label.

Good,like that. They all live in one house do their own stuff and don't out source..I got that. No third party's then.
Hang on a second.............
.

Not too sure where smarkets mention no third party's in that sentence Oh I get it , you insinuate they said it so you could tie it in with your next assumption.

I thought it was quite clear they were stating they weren't a white label for Betdaq or anyone else and I've yet to see an exchange that doesn't use third party market makers especially as exchanges are supposed to be peer to peer betting. I think you'd have more issues if liquidity was provided in-house. As for underdeveloped in play markets I'm guessing you haven't used Betdaq or were around when Betfair first started.

Every Wednesday I pray a little for some new exchange to challenge Betfair's monopoly so for now I'll happily keep any criticism of how other exchanges work either positive or in my head

[Smarkets]

Hey guys,

Thanks for your queries. Exchanges generally use third party market makers. When I said that our operations were in-house I meant our engineering, business development and customer service teams. All our technology is developed in-house, which is different to many other betting sites, who outsource the technical component and then white label. This gives us an advantage because although we are still small and growing, we're able to change things much quicker and respond to customer needs. It has taken longer to ramp up because of our desire to keep things in-house but in the long run, we're confident it will pay off.

As I've said, we acknowledge our in-play offerings are not yet up to par but we will get there. We do have many users betting in-play on football matches - tennis is something we are working on and hope to offer in the future.

Hope this helps.

Smarkets

[dvwooly]

If you become successful will you be moving to the dark side and charging a premium charge?

Also are there 3rd party API programs available?