Horse racing may be a sport that people don't trade until near the off, but think of all the other markets that will have a lot of open positions, resulting in massive amounts of money changing hands.ShaunWhite wrote: ↑Sun May 19, 2019 7:31 pmI agree about voiding the whole market, everyone comes out breakeven. But I don't understand how BF gain from the current situation, the net money won and lost is the same, larger positions might mean larger commissions but in a curtailed market the overall volume which is the main driver for commission is reduced. Where's their upside?
The trader that typically averages £2 a market could win or lose £50; the trader that would have won £100 could win or lose £2K. Once the twitter attacks have died down, the Betfair accountants must be secretly rejoicing in the extra commission!